Operating profit ahead of schedule after upward revision to FY2026 full-year forecast

For the nine months from 1 September 2025 to 31 May 2026, revenue was ¥7,092.209 million and operating profit was ¥407.509 million. Compared with revenue of ¥6,597.068 million and operating profit of ¥329.328 million in the same period of the previous fiscal year, revenue increased 7.5% and operating profit increased 23.7%. The latest full-year forecasts are ¥9,750 million in revenue and ¥500 million in operating profit, implying progress of 72.7% and 81.5%, respectively.

Compared with the 75.0% passage of time at the nine-month mark, revenue was approximately 2.3 percentage points behind, while operating profit was approximately 6.5 percentage points ahead. To meet the full-year forecasts, the company needs ¥2,657.791 million in revenue and ¥92.491 million in operating profit in the fourth quarter. Although most of the full-year operating profit forecast has already been secured by the third quarter, revenue equivalent to 27.3% of the full-year forecast must be generated in the fourth quarter alone.

The previous full-year forecasts available were those disclosed for the interim period of the fiscal year ending August 2026: ¥9,375 million in revenue and ¥300 million in operating profit. The latest forecasts are ¥375 million higher for revenue and ¥200 million higher for operating profit. Previous fiscal year's fourth-quarter revenue was approximately ¥2,379 million, calculated by subtracting nine-month revenue of ¥6,597 million from full-year revenue of ¥8,976 million. Fourth-quarter operating profit was approximately ¥65 million, calculated by subtracting ¥329 million from full-year operating profit of ¥394 million. Accordingly, the current fiscal year requires approximately 11.7% year-on-year growth in fourth-quarter revenue and approximately 43% growth in operating profit.

The company cites newly launched products in its aftermarket business, inquiries from the United States, and the increase in the yen-converted value of foreign-currency-denominated revenue resulting from the weaker yen as factors behind the revenue increase. However, the company has only one reporting segment, the automotive and related parts business, and does not disclose revenue and profit breakdowns for the aftermarket and contract manufacturing businesses. At the next full-year results announcement, it will be necessary to confirm not only whether fourth-quarter revenue of ¥2,658 million and operating profit of ¥93 million are achieved, but also which businesses and regions generated the upward revision.