Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Net sales increased due to strong performance at the ASEAN and India bases, changes in distribution channels at the China base, and demand for aircraft parts and golf cart replacements, among other factors. Profit was affected by higher raw material prices and labor costs, delays in improving productivity at the North American base, the stronger Mexican peso, the sluggish Chinese housing market, intensifying competition, lower wheelchair sales and the reversal of the overseas special demand recorded in the same period of the previous year, among other factors.
Not applicable (Note on going concern: No applicable matters)
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | 54,457 million yen (YoY +10.3%) |
| Operating profit | 1,749 million yen (YoY -7.9%) |
| Ordinary income | 2,149 million yen (YoY +27.3%) |
| Profit attributable to owners of the parent | 1,015 million yen (YoY +14.2%) |
| Net income per share | ¥30.19 |
| Equity ratio | End of the current fiscal period 37.3 / End of previous period 38 |
| Total assets | 112,603 million yen |
| Net assets | 42,915 million yen |
| Cash flows from operating activities | 1,630 million yen |
| Cash flows from investing activities | -2,382 million yen |
| Cash flows from financing activities | 2,820 million yen |
| Cash and cash equivalents at end of period | 4,150 million yen |
| Full-year earnings forecast | Net Sales 110,000 million yen (YoY +6.4%) / Operating profit 4,300 million yen (YoY +2.8%) / Ordinary income 3,500 million yen (YoY +4.8%) / Net income 1,700 million yen (YoY +41.9%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | 14 yen → 15 yen（+7.1%） |
| Segment revenue | Mobility Business 45,352 million yen (YoY +13.0%), Gas Technology Business 2,040 million yen (YoY -18.7%), Trading 5,851 million yen (YoY +6.7%), Other Businesses 1,212 million yen (YoY -3.5%) |
| Segment profit | Mobility Business 863 million yen (YoY -32.2%), Gas Technology Business -359 million yen, Trading 1,174 million yen (YoY +59.2%), Other Businesses 71 million yen (YoY -24.4%) |
| Depreciation and amortization | 2,781 million yen |
| Impairment loss | No impairment loss recognized (not applicable) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 32 million yen, Income from recovery of losses related to fraud 10 million yen / Extraordinary loss Loss on disposal and sale of fixed assets 16 million yen, Fraud-related losses 56 million yen |
| Disclosure regarding the going concern assumption | Not applicable (Note on going concern: No applicable matters) |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name No |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 34,049,423 shares |
| Treasury Shares at Period-End | 424,413 shares |
| Factors Behind Changes in Business Performance | Net sales increased due to strong performance at the ASEAN and India bases, changes in distribution channels at the China base, and demand for aircraft parts and golf cart replacements, among other factors. Profit was affected by higher raw material prices and labor costs, delays in improving productivity at the North American base, the stronger Mexican peso, the sluggish Chinese housing market, intensifying competition, lower wheelchair sales and the reversal of the overseas special demand recorded in the same period of the previous year, among other factors. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In the mobility business, net sales increased on strong performance at the ASEAN and India bases and changes in distribution channels at the China base, while operating profit declined due to higher domestic raw material prices and labor costs, delays in improving productivity at the North American base, and the stronger Mexican peso. The Gas Techno business was affected by the sluggish Chinese housing market, intensifying competition and higher raw material prices. The trading business benefited from demand for aircraft parts, the weaker yen and replacement demand for golf carts. In the other businesses, the number of vehicle outfitting projects increased, but results were affected by lower wheelchair sales, the weaker yen and the reversal of the overseas special demand recorded in the same period of the previous year.