Presentation Materials on Financial Results for the Third Quarter of the Fiscal Year Ending December 2026

In the third quarter, the company recorded ¥7.77 billion in impairment losses on fixed assets and goodwill in Europe, resulting in an operating loss for the nine-month cumulative period. In response, it revised its full-year operating profit forecast from a profit to a ¥10.1 billion loss and pushed back the profit target in its medium-term management plan by one year.

Worth reading

68In focus

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Direction

Mixed performance

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Scale

77.7

¥100 million

Wording

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No category-specific facts could be extracted from this document.

The reasons the company gives

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Demand for internal-combustion-engine vehicles declined in Europe, and the deterioration in the business environment continued due to intensifying competition in the bearing industry and competition from Chinese and other Asian companies. In addition, discount rates rose as a result of higher market interest rates and other factors, reducing the present value of future cash flows.

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