Financial Summary for the Fiscal Year Ending December 2025 [Japanese GAAP] (Consolidated)

Overview of Performance

For the fiscal year ending December 2025, consolidated net sales reached 466,243 million yen (3.4% increase YoY); however, operating income declined to 51,677 million yen (20.6% decrease YoY), ordinary income fell to 47,029 million yen (52.3% decrease YoY), and net income attributable to owners of parent dropped to 33,991 million yen (55.5% decrease YoY). The Bicycle Components segment recorded net sales of 354,972 million yen (2.7% increase YoY) and operating income of 42,841 million yen (20.9% decrease YoY), while the Fishing Tackle segment reported net sales of 110,832 million yen (5.6% increase YoY) and operating income of 8,865 million yen (18.9% decrease YoY). These results were affected by uncertainties in the global economy and market inventory adjustments.

Outlook and Dividend Policy

For the fiscal year ending December 2026, consolidated earnings guidance anticipates net sales of 467,000 million yen (0.2% increase YoY), operating income of 47,000 million yen (9.1% decrease YoY), ordinary income of 56,000 million yen (19.1% increase YoY), and net income attributable to owners of parent of 42,000 million yen (23.6% increase YoY). Dividends are planned at an annual rate of 363 yen (interim dividend 181.50 yen, year-end dividend 181.50 yen), emphasizing shareholder returns. The company will also implement share buybacks and cancellations to improve capital efficiency.