Mitsuboshi Belting Ltd. · TSE:5192
Mitsuboshi Belting — FY2025 Earnings Presentation
21 slides from Mitsuboshi Belting's earnings presentation, May 14, 2026
Slide 1: Financial Results Briefing Materials
Mitsuboshi Belting Ltd. Financial Results Briefing Materials (2025/4/1～2026/3/31） 2026/5/14 Note to future-oriented statements The forward-looking statements in this document, including performance forecasting, are based on currently available information and assumptions considered reasonable by us
Slide 2: Key Points of Financial Results
Key Points of Financial Results 2 ➢ Sales increased by capturing sales opportunities in growth markets both in Japan and overseas. ➢ On the other hand, operating profit decreased because sales of high-value-added products fell below expectations due to changes in the market environment and the produ
Slide 3: Consolidated Financial Summary
Consolidated Financial Summary 3 Sales increased, but operating profit decreased slightly • Record sales for 5 consecutive years after the divestiture of Automotive components business in 2006 • The Company recognizes that strengthening and improving earning power is a challenge • F Y 2 0 2 4 : Extr
Slide 4: Quarterly Results
Quarterly Results 4 （Unit：100 mil. of yen） Sales 250 220 212 215 224 230 224 226 223 235 231 233 206 205 210 210 193 192 191 200 175 178 186 161 169 144 150 100 50 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3 649 749 829 840 905
Slide 5: Sales by Segment
Sales by Segment （vs.PY） 5 Growth in core belt business 6.3% 7.3% 31.4% Decline in construction materials The core belt business remained firm, exceeding the previous year both 2025/4 - 2026/3 domestically and overseas. Sales Construction materials by segment ➢ Building segment: Sales declined due t
Slide 6: Breakdown of Belt Sales
Breakdown of Belt Sales（vs.PY） 6 All categories showed steady performance 6.8% 3.7% • Automotive parts: Demand for drive belts for electric units (e.g., EPS) for 3.6% four-wheel vehicles remained firm • Transmission belts: 2025/4 - 2026/3 Domestic ... Demand recovered for agricultural machinery and
Slide 7: Analysis of Operating Profit
Analysis of Operating Profit 7 （Unit：100 mil. of yen） • Despite a significant contribution from higher sales, the company recorded a decline in profit due to increased 2024 2025 change costs, including raw materials and labor. (Operating profit excluding foreign exchange effects was broadly in line
Slide 8: Capital expenditures and Depreciation
Capital expenditures and Depreciation 8 Expansion, relocation, and renewal of manufacturing facilities in Japan and overseas • Total capex under '24 Mid-Term Business Plan (FY2024–FY2026) : ¥20 billion(approved amount) • Construction of a new logistics building at the Nagoya Plant in 2H FY2025 (appr
Slide 9: Forecast
Forecast 9 The Company plans to achieve increases in both sales and profits (operating profit and net profit). • The potential impact of heightened tensions in the Middle East, including the situation in Iran, on the global economy has been factored into the current earnings forecast to the extent r
Slide 10: Dividends
Dividends 10 Year- Proposed increase in year-end dividend Interim End Total by ¥5 vs. latest forecast(¥96 → ¥101) 2025/3 ¥90 ¥96 ¥186 Under '24 Mid-Term Business Plan, the Company aims for“sustainable and stable dividends,”targeting a DOE of 2026/3 ¥96 → ¥186→ ¥90 approximately 5.4%(corresponding to
Slide 11: Acquisition and Retirement of treasury shares
Acquisition and Retirement 11 of treasury shares The Company has continued to acquire treasury shares. （Total number of treasury shares acquired：51％ , Total number of treasury shares retired：40％） ⚫ The Company aims to acquire 3 billion yen of shares in 3 years during “'24 Mid-Term Business Plan”(FY2
Slide 12: Progress in the reduction of Strategic Shareholdings
Progress in the reduction of 12 Strategic Shareholdings The Company holds strategic shareholdings only when such holdings contribute to maintaining and strengthening sound business relationships and ongoing financial transactions, and has a policy of reducing holdings for which the rationale is deem
Slide 13: Action to Implement Management Conscious of Cost of Capital and Stock Price
Action to Implement Management 13 that is Conscious of Cost of Capital and Stock Price The Company is continuously working to improve profitability and balance sheet in order to realize its capital policy with a strong focus on enhancing corporate value. FY2025 to ROE temporarily fall below the Comp
Slide 14: Status of dialogue with shareholders and investors
Status of dialogue 14 with shareholders and investors Dialogue with shareholders and investors（FY2024～FY2025） （Unit：Number of times） 2024 2025 Company Responders Financial results briefing for institutional investors President , Senior Managing Director and securities analysts 2 2 (at the end of the
Slide 15: Progress of '24 Mid-Term Business Plan
02. Progress of '24 Mid-Term Business Plan
Slide 16: Establish a resilient corporate structure
FY2030 “Target Position” Establish a resilient corporate structure “ '24 Mid-Term Business Plan” marks the second phase toward FY2030 “Target Position.“ Based on the results of the previous medium-term management plan, which was implemented as a period for strengthening foundations, we positioned th
Slide 17: Progress of '24 Mid-Term Business Plan (1)
Progress of '24 Mid-Term Business Plan (1) Shareholder returns, capital investment, sales of strategic shareholdings, ESG, and other items are progressing steadily in line with the plans of '24 Mid-Term Business Plan. FY2026 FY2025 KPI target Results Profitability Sales 91.5 billion yen 92.2 billion
Slide 18: Progress of '24 Mid-Term Business Plan (2)
Progress of '24 Mid-Term Business Plan (2) 18 * CAGR：Compound Annual Growth Rate ➢ Sales : Progress exceeding the plan, supported in part by favorable FX effects (CAGR*: 5.4%) ➢ Operating Progress broadly in line with the plan (CAGR: 3.2%) Profit : However, further initiatives are required to achiev
Slide 19: Progress and details of capital investment
Progress and details of capital investment The Company is promoting strategic investments for future growth while steadily strengthening its management foundation to support sustainable profit expansion. Investment for growth ⚫ Launch and expansion of production lines based on sales strategy - Expan
Slide 20: Appendix
A P P E N D I X
Slide 21: Next Growth Opportunities
Next Growth Opportunities 21 Brought by the Advancement of EV Mobility The Mitsuboshi Belting Group is working to develop and expand sales of new products in line with the electrification of vehicles, recognizing the shift to electric vehicles as a major opportunity rather than a risk. Quiet Compact