Link: https://links.sgx.com/1.0.0/corporate-announcements/NWBM6K7N32H5AYBL/b08635a616d1d70c3202be8fd055d95af1aa6ba132f0c904c09c4b0f16c210ae

Summary:

• Net sales for six months ended September 30, 2025 declined 2.8% year-on-year to ¥402.3 billion; operating income surged 29.3% to ¥12.87 billion on aggressive price pass-on and lower costs.

• Ordinary income doubled to ¥8.73 billion; profit attributable to owners reached ¥3.1 billion versus a loss in prior year period.

• All regions recorded mixed trends: Japan and Europe saw less OEM demand, while Americas and Asia benefited from cost reductions and price adjustments.

• Comprehensive income rebounded to ¥11.17 billion from a ¥8.46 billion loss last year, supported by FX gains.

• Net income per share improved to ¥5.86 (from loss of ¥4.01 in prior year).

• Interim dividend set at ¥5.50/share, unchanged vs. previous year; total annual dividend forecast at ¥11.00/share.

• Balance sheet strengthened: assets up to ¥862.9 billion, net assets to ¥256.5 billion, and equity ratio stable at 27.9%.

• Management forecasts full-year net sales of ¥805 billion; expects operating income to grow, but projects net loss for the year due to extraordinary items.

• Company continues transformation plan to boost “earning power” through production restructuring and operational excellence.