FY2026 Q3 Financial Summary〔IFRS〕(Consolidated)

Overview of Earnings

For the nine months ended December 2025, consolidated revenue increased to JPY 830.6 billion (5.5% YoY) driven by increased production volume from customers. Operating income rose significantly to JPY 52.5 billion (11.5% YoY) due to cost improvements and higher sales volume, while net income attributable to owners of the parent surged to JPY 43.8 billion (36.0% YoY). By segment, revenue and profits increased in Japan, the Americas, Asia, and India, with India performing particularly well at JPY 37.3 billion revenue (19.9% YoY increase) and JPY 4.2 billion operating income (37.8% YoY increase). Meanwhile, China’s revenue declined to JPY 68.3 billion (8.4% YoY decrease), but operating income rose sharply to JPY 2.1 billion (107.9% YoY increase) due to fixed cost reductions.

Financial Position and Earnings Forecast Revision

At the end of Q3 FY2026, total consolidated assets grew by JPY 99.8 billion from the previous fiscal year-end to JPY 1.01 trillion, while liabilities increased by JPY 41.9 billion to JPY 366.6 billion. Equity rose by JPY 57.8 billion to JPY 646.2 billion due to retained earnings growth. The full-year consolidated earnings forecast was revised upward to revenue of JPY 1.14 trillion (7.6% YoY increase), operating income of JPY 70.0 billion (17.0% YoY increase), and net income attributable to owners of parent of JPY 53.0 billion (45.9% YoY increase). The assumed foreign exchange rate is 150 yen to the US dollar for Q4 and 149 yen for the full fiscal year.