Notice Regarding Differences Between Consolidated Full-Year Performance Forecasts and Actual Results

Overview

This correction communicates updates to numeric data accompanying the earnings release for the fiscal year ending March 2026. Actuals for revenue, operating profit, ordinary profit, and net income attributable to owners of the parent have been updated, with net income decreasing notably due to additional impairment considerations. Ongoing impact from upfront investments in the EV business persists, and a reassessment of fixed asset valuations is cited as a contributing factor.

Future impact and drivers

The correction is attributed to a slight decline in Q4 revenue, increased upfront investment costs in the EV business, and weaker performance from a Chinese subsidiary accounted for under the equity method. Furthermore, recognizing impairment of fixed assets reduces net income attributable to owners of the parent. The resulting financial impact and the outlook for recovery remain uncertain.