Financial Summary for Q3 FY2026 Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

For the cumulative third quarter of FY2026 ending March, net sales amounted to JPY 1,141.2037 billion, a decrease of 10.9% year-on-year. This decline was mainly due to reduced truck and bus sales volumes domestically and internationally. Conversely, operating income increased by 39.3% to JPY 62.764 billion due to effects such as fixed cost reduction, while ordinary income rose significantly by 179.2% to JPY 55.008 billion. Net income attributable to owners of the parent turned positive at JPY 30.58 billion, recovering from a substantial loss for the same period last year. By segment, revenue decline in the Japanese market was noteworthy, but profit growth was observed in other regions including North America.

Financial Position and Future Outlook

Total assets decreased by JPY 116.875 billion compared to the prior fiscal year-end, standing at JPY 1,361.35 billion. Liabilities decreased due to payments of criminal and civil penalties related to certification issues, resulting in a net asset increase of JPY 40.77 billion. The full-year earnings forecast has been revised to net sales of JPY 1,550 billion (down 8.7% YoY), operating income of JPY 75 billion (up 30.5% YoY), and net income attributable to owners of the parent of JPY 75 billion. While incorporating foreign exchange fluctuations, price improvements, and fixed cost efficiencies, the company continues to closely monitor the impact of certification issues.