Fiscal Year Ending March 2026 Third Quarter Financial Summary [IFRS] (Consolidated)

Overview of Results

For the cumulative consolidated third quarter, revenue reached approximately 1.986 trillion yen, achieving year-on-year growth; however, operating income declined significantly due to impairment charges on key items and settlement expenses. Profit before tax and profit attributable to owners of the parent also fell sharply, resulting in a substantial deterioration in profit margins. Foreign exchange effects were a factor, and profitability differed markedly across reportable segments. The financial summary includes corrective measures and governance-related information based on the findings of the third-party committee.

Outlook and Material Matters

Consolidated earnings guidance is currently TBD, and retained earnings distribution is set to no dividend. Notes highlight expected decreases in provisions related to changes in contract terms for in-vehicle inverter business in the AMEC segment, and impacts from billing issues related to raw material procurement, creating uncertainty for future financial projections. Progress on corrective actions following completion of the third-party committee investigation and improvements in internal controls will be directly linked to future disclosures and the reliability of the financial reporting process.