Fiscal Year Ending March 2026 Q3 Financial Results Briefing

Overview of Q3 Cumulative Results

In the cumulative Q3 period of the fiscal year ending March 2026, production volume was 657 thousand units (9.4% decrease YoY), and consolidated sales volume was 676 thousand units (4.5% decrease YoY). Production and sales volumes declined compared to the previous year due to construction impacts for in-house production of battery EVs. Operating income was 66.3 billion yen (82.0% decrease YoY). While improvements in pricing mix and curtailment of sales incentives contributed positively to profit, the impact of additional U.S. tariffs increased to 216.6 billion yen, and recording of special factor-related expenses led to a significant decline compared to the previous year.

Full-Year Outlook and Impact of Special Factors

The full-year production volume forecast remains at 900 thousand units (4.9% decrease YoY), and consolidated sales volume forecast at 920 thousand units (1.8% decrease YoY). Meanwhile, the operating income forecast was downwardly revised to 130 billion yen (67.9% decrease YoY). The main factors are a 44 billion yen increase in additional U.S. tariffs and 31 billion yen of related expenses due to changes in U.S. environmental regulations. In the standalone Q3, approximately 60 billion yen of special factor expenses were recorded, resulting in a profit decrease.