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

Performance Overview

The consolidated results for the third quarter of the fiscal year ending March 2026 showed net sales of JPY 502,531 million (4.6% decrease YoY). Operating income rose significantly to JPY 13,572 million (36.9% increase YoY), ordinary income increased to JPY 15,027 million (53.2% increase YoY), and net income attributable to owners of parent for the quarter surged to JPY 10,917 million (290.9% increase YoY). The profit increase was driven by an increase in net sales excluding pass-through costs such as supplied goods, changes in materials prices, and exchange rate effects, as well as rationalization improvements and successful price pass-through. The equity ratio improved to 42.2%, strengthening the financial base.

Segment Performance and Future Outlook

By segment, Japan posted net sales of JPY 238.2 billion (2.2% decrease YoY) and profit of JPY 5.0 billion (28.4% increase YoY); North America net sales were JPY 131.9 billion (13.7% decrease YoY) and profit JPY 3.6 billion (156.6% increase YoY); Europe recorded net sales of JPY 47.6 billion (5.7% increase YoY) and profit of JPY 1.3 billion (19.2% increase YoY); China had net sales of JPY 50.8 billion (8.7% decrease YoY) and profit of JPY 2.8 billion (36.4% increase YoY); Asia posted net sales of JPY 42.0 billion (9.3% increase YoY) and profit of JPY 0.7 billion (50.3% decrease YoY). Despite a forecasted decrease in full-year net sales to JPY 666,000 million (5.8% decrease YoY), operating income is projected at JPY 16,000 million (5.4% increase YoY) and net income at JPY 12,000 million (93.3% increase YoY). The company will pursue growth strategies and promote carbon neutrality under the medium-term business plan, aiming to become a sustainable global enterprise.