Fiscal Year Ending March 2027 Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

For the interim period, net sales amounted to 62,783 million yen, an increase of 15.4% year-over-year. Increased sales of automotive rearview mirrors in key markets — Japan, Asia and North America — contributed to growth; by segment, sales were Japan 27,111 million yen, Asia 16,948 million yen, and North America 18,724 million yen. Operating income was 5,112 million yen, ordinary income was 6,507 million yen, and net income was 4,129 million yen, all exceeding the prior year. Although there were cost factors such as foreign exchange effects and tariffs, sales growth and progress on price pass-through boosted profits.

Outlook and Financial Position

The full-year forecast remains unchanged from the time of announcement and current plans are maintained. At the end of the interim period, total assets were 127,637 million yen, net assets were 102,696 million yen, and the equity ratio was 77.9%. Changes in cash and deposits, accounts receivable movements, and raw material inventories affected the asset composition. Foreign exchange effects may continue, but non-SG&A items such as foreign exchange gains also contributed.