Pegasus Co. Ltd · TSE:6262
Pegasus — Q3 FY3/2026 Earnings Presentation
35 slides from Pegasus's earnings presentation, Jan 30, 2026
Slide 1: Financial Results Briefing Materials for 3Q
Fiscal Year Ending March 31, 2026 Financial Results Briefing Materials for ３Q Announced on January 30, 2026 【Code：6262, Tokyo stock exchange in Japan】
Slide 2: Table of contents
Table of contents ⚫ Introduction ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ ３-４ ⚫ Update of Business Operation with Capital Cost and Share Price in Mind ・・・・・・・・・・・・・・・・・・・・・・・ ５ ・Resetting of Capital Cost ・Introduction of a BS Management Policy ⚫ Overview for ３Q of FY3/2026 ・・・・・・・・・・・・・・・・ 10 ⚫ Consolidate
Slide 3: Introduction: Business Operation with Capital Cost and Share Price in Mind
Introduction ◎Implementation of Business Operation with Capital Cost and Share Price in Mind ✓ The financial results for the third quarter showed a year-on-year decrease in both sales and profit, and the full-year financial results forecast was revised downward. Accordingly, return on equity (ROE) i
Slide 4: Introduction: BS Management and Mid-Term Management Plan
Introduction ◎Introduction of BS Management ✓ The Company reset its capital cost to approximately 9.0% and introduced a BS management policy aimed at minimizing invested capital. ✓ Based on this policy, the forecast year-end dividend is 20 yen per share and the forecast annual dividend is 30 yen per
Slide 5: Update of Business Operation with Capital Cost and Share Price in Mind
Update of Business Operation with Capital Cost and Share Price in Mind
Slide 6: Update of Capital Cost–Focused Business Operation
Update of Capital Cost–Focused Business Operation • On January 30, 2026, the Company updated the “business operation with capital cost and share price in mind” initiatives set forth in the Mid-Term Management Plan disclosed on May 20, 2024. • Taking into account factors such as rising long-term inte
Slide 7: Update of Cost of Shareholders’ Equity
Update of Cost of Shareholders’ Equity ◎Estimation of the cost of shareholders’ equity using the Capital Asset Pricing Model (CAPM) In light of changes in the financial market environment, the Company has set its cost of shareholders’ equity at approximately 9.0% and aims to achieve an ROE that exce
Slide 8: Overview of the BS Management Policy
Overview of the BS Management Policy • To improve ROE, the Company has established a BS management policy and will pursue the minimization of invested capital. • For the fiscal year ending March 31, 2026, the year-end dividend is planned to be determined based on the BS management policy, without be
Slide 9: Growth Strategy
Growth Strategy Growth Strategy 【Enhancement of Profitability】 Realization of unmanned sewing operations (including digitally controlled sewing machines) • Development of high value-added Promotion of labor-saving and automation initiatives in products manufacturing processes • Automation of manufac
Slide 10: Overview for 3Q of FY3/2026
@@ PEBASUS Overview for 3Q of FY3/2026
Slide 11: Summary: Results for 3Q
Summary Results for 3Q Amid the prolonged Russia-Ukraine conflict and ongoing tensions in the Middle East, demand for industrial sewing machines in Central and South America remained steady. However, due to the impact of US tariffs, cautious capital investment behavior was observed in China, Banglad
Slide 12: Summary: Financial Forecast for the Current Fiscal Year
Summary Financial Forecast for the Current Fiscal Year Although the Company recorded solid performance in the first quarter, from the second quarter onward, cautious capital investment behavior was observed in China and South Asia due to factors such as the impact of US tariff measures. As a result,
Slide 13: Overview of Net Sales by Business
Overview of Net Sales by Business Automotive 35.3％ Image of Overedger stitch die casting products Net sales machines 16,507 Examples of use of million yen die casting products Apparel machinery 64.7％ Interlock stitch machines 13/35
Slide 14: Overview of Consolidated Financial Results
Overview of Consolidated Financial Results (Million yen: Amounts of less than one million yen are rounded down) (※Results excluding the effects of foreign exchange are indicated in parentheses) Previous Current Percentage Change ３Q ３Q change Net sales 16,031 16,507 +475(＋877) +3.0％(＋5.5%) Apparel ma
Slide 15: Consolidated Balance Sheets
Consolidated Balance Sheets (Million yen: Amounts of less than one million yen are rounded down) End of Current Change Main factors contributing to changes previous year ３Q ・Notes and accounts receivable - trade －1,021 Current assets 31,074 29,209 －1,865 ・Merchandise and finished goods －941 ・Propert
Slide 16: Net Sales by Business and Location: Apparel machinery
Net Sales by Business and Location In China, although a bottoming-out of sales has been confirmed, a real Apparel machinery recovery has yet to be achieved. In Japan and other parts of Asia, sales in India declined due to the impact of additional US tariffs; however, sales in the first quarter contr
Slide 17: Apparel machinery: Sales Trends of Strategic Models
Apparel machinery：Sales Trends of Strategic Models The Company has steadily promoted the rollout of its strategic models, expanding sales to 18 countries. The Company will continue to focus on market development going forward. Cumulative sales/Quarterly sales （Unit: million yen） 1000 Number of count
Slide 18: Net Sales by Business and Location: Automotive
Net Sales by Business and Location In China, price reduction requests from automotive parts manufacturers Automotive continue. In other parts of Asia, although sales recovered as shipment adjustments of parts seen in the second quarter subsided, the recovery was insufficient to offset the decline in
Slide 19: Changes in Operating Profit
Changes in Operating Profit ✓ Although net sales increased, in the apparel machinery business, cost of sales rose due to increased sales of mass-market models and a higher cost ratio resulting from price reduction requests in China within the automotive business. ✓ In selling, general and administra
Slide 20: Capital investment, Depreciation, R&D expenses
Capital investment・Depreciation・R&D expenses (Million yen: Amounts of less than one million yen are rounded down) Previous ３Q Current ３Q Change Capital investment 1,666 386 －1,280 Depreciation 963 931 －32 R&D expenses 405 433 ＋28 ＜Main capital investments＞ (Million yen: Amounts of less than one mi
Slide 21: Consolidated Financial Results Forecast for FY3/2026
Consolidated Financial Results Forecast for FY3/2026 ※On January 30, 2026, the Company revised its full-year financial results forecast.
Slide 22: Forecast: Variance from the Initial Plan
Consolidated Financial Results Forecast for FY3/2026 Variance from the Initial Plan ✓ In the apparel machinery business, following the implementation of US tariff measures from the second quarter onward, sewing companies adopted a more cautious stance toward capital investment, and net sales are exp
Slide 23: Full-year financial results forecast and progress
Consolidated Financial Results Forecast for FY3/2026 Full-year financial results forecast and progress (Million yen: Amounts of less than one million yen are rounded down) Previously This Increase Rate of (Reference) Financial results announced revised /decrease increase Previous forecast forecast f
Slide 24: Shareholder Return Policy for the Fiscal Year Ending March 31, 2026
Shareholder Return Policy for the Fiscal Year Ending March 31, 2026
Slide 25: Shareholder Returns FY3/2026
Shareholder Returns FY3/2026 • The year-end dividend for the current fiscal year will be determined based on the BS management policy. • Taking into account cash and deposit balances as well as the financial results forecasts, the Company plans to pay the highest-ever dividend per share. Dividend fo
Slide 26: Reference Dividend Results
Reference Dividend Results • Record-high dividend per share achieved Trend in dividend per share (yen) 35 （Forecast） 30 25 20 12 20 12 11 7 15 10 13 10 10 7 7 0 8 8 13 15 11 12 0 5 10 3 10 10 5 7 7 0 7 7 7 5 5 2 3 4 0 0 0 0 0 0 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY
Slide 27: Reference
@@ PEBASUS Reference
Slide 28: Reference: Net Sales by Business and Location
Reference Net Sales by Business and Location (YoY change excluding the effects of foreign exchange) (Amounts of less than one million yen are rounded down) Japan Apparel machinery China Asia Americas Europe Total Net sales (million yen) 2,412 5,986 1,343 939 10,681 Current YoY change (%) －4.3 +9.0 +
Slide 29: Reference: Effects of foreign exchange
Reference Effects of foreign exchange (based on consolidated net sales for ３Q of FY3/2026) YoY change Excluding Results for Results for excluding the other the effects Currencies JPY USD EUR RMB MXN the current the previous effects of currencies of foreign year year foreign exchange exchange Exchang
Slide 30: Corporate Profile
@@ PEBASUS Corporate Profile
Slide 31: Corporate Philosophy・Basic Policy for Business
Corporate Philosophy・Basic Policy for Business Corporate Philosophy Through our people & technology, we strive to provide better Products, Service and Quality and make a positive contribution to the world of "social development" Basic Policy for Business ● We deepen exchanges with people throughout
Slide 32: Corporate Profile
Corporate Profile Name PEGASUS CO., LTD. Representative Representative Director and President Shigemi Mima Founded January, 1914 Location Fukushima-ku, Osaka, Japan Capital 2,255.55million yen (as of March,2025) Sales 22,040.32million yen (From April 1, 2024 to March 31, 2025) Number of 1,497［conso
Slide 33: Shareholders Information
Shareholders Information as of September 2025 ◆Principal Shareholders Shareholder's Name Holding Ratio The Master Trust Bank of Japan Ltd. (Trust Account) 11.08% Custody Bank of Japan, Ltd. (Trust Account) 7.63% MIMA Co.,LTD. 6.26% JUKI CORPORATION 3.50% Keizo Bando 2.99% Takako Yoshida 2.86% Shigem
Slide 34: Changes in Consolidated Financial Results
Changes in Consolidated Financial Results (million yen) Net sales Operating profit Ordinary profit Profit attributable to (million yen) net sales (left) (right) (right) owners of parent profit (right) 30,000 6,000 20,000 4,000 10,000 2,000 0 ０ FY3/16 FY3/17 FY3/18 FY3/19 FY3/20 FY3/21 FY3/22 F
Slide 35: Notes regarding this document
Notes regarding this document: Financial results forecast and other forward-looking information contained in this document are based on information currently available to the Company as well as estimates on the economic environment, and are therefore subject to a number of uncertainties. Actual resu