Financial Summary for the Third Quarter of Fiscal Year Ending March 2026 [Japan GAAP] (Consolidated)

Earnings Overview

During the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales amounted to JPY 94,949 million (7.3% increase YoY), operating income was JPY 4,407 million (5.8% increase YoY), ordinary income was JPY 4,925 million (6.1% increase YoY), and quarterly net income attributable to owners of the parent was JPY 3,295 million (2.4% increase YoY). Despite global economic uncertainties and domestic factors such as rising prices and labor shortages, the increase in sales in the equipment and device division and steady consumption of order backlog resulted in higher sales and profits. By segment, the West Japan Headquarters and Development Strategy Headquarters significantly increased sales compared to the same period last year, while the East Japan Headquarters remained steady despite some decline in demand for certain automotive-related parts.

Financial Condition and Outlook

Total assets reached JPY 114,747 million, an increase of JPY 14,074 million from the end of the previous period, while net assets were JPY 48,212 million, up JPY 4,195 million. The equity ratio slightly declined to 41.8% from 43.4% in the same period last year. The full-year consolidated earnings forecast remains unchanged with net sales of JPY 125,000 million (0.5% increase YoY), operating income of JPY 6,350 million (5.5% increase YoY), and net income attributable to owners of the parent of JPY 4,850 million (3.4% increase YoY). Despite challenges such as rising prices and labor shortages, the company expects to achieve its targets through maintaining high order backlog levels and cost-cutting efforts.