Brother Industries : Presentation Material(Financial Results, Progress on the Medium-term Business Strategy)

Published May 8, 2026 at 7:21 a.m. UTC

Source: MarketScreener

FY2025 Financial Results Progress on the Medium-term Business Strategy "CS B2027"

May 8, 2026

Brother Industries, Ltd.

Information on this report, other than historical facts, refers to future prospects and performance, and has been prepared by our Management on the basis of information available at the time of the announcement. This covers various risks, including, but not limited to, economic conditions, customer demand, foreign currency exchange rates, tax rules, regulation and other factors. As a result, actual future performance may differ from any forecasts contained on this report.

Financial Results
- Highlights
- Results for FY2025
- Forecast for FY2026
- Financial Position/ Cash Flows/
  Capital Expenditure, Depreciation & Amortization/ R&D Expenses
- Shareholder Returns
- Appendix
  - Results for FY2025 Q4 (Jan.-Mar., 2026)
  - Business Segment Information (Results for FY2025)
  - Business Segment Information (Forecast for FY2026)
Progress on the Medium-term Business Strategy "CS B2027"

Agenda

Fiscal Year 2025 (ended March 31, 2026) Financial Results

May 8, 2026

Brother Industries, Ltd.

Akira Nakashima

Executive Officer, Responsible for Finance & Accounting Dept.

‌Highlights

Results for FY2025

Forecast for FY2026

Sales revenue 893.5 billion yen/ +5.3% (YoY)

Sales of hardware and consumables were steady, including the impact of price adjustments in the P&S business, and sales of machine tools were strong in the Machinery business. In addition to these results, there were positive FX effects, and sales revenue reached a new record high.
Business segment profit 83.6 billion yen/ +10.8% (YoY)
Despite an increase in sales promotion and SG&A expenses, business segment profit increased as a result of effects from higher sales revenues from machine tools in the Machinery business, as well as positive FX effects.
The additional U.S. tariff burden was fully absorbed through price adjustments and control of expenses.
Operating profit 77.9 billion yen/ +15.0％ (YoY)
Despite recording FX losses, operating profit increased due to the recording of temporary proceeds, such as a gain on transfer of the Karaoke Club business.
Net income* 67.6 billion yen/ +23.5％ (YoY)
Net income reached a new record high with addition of adjustments to tax effects in discontinued operations.
Sales revenue 910.0 billion yen/ +1.9% (YoY)
Business segment profit 85.0 billion yen/ +1.6% (YoY)
Although risks stemming from the situation in the Middle East, soaring parts and materials prices, and the impact of changes in U.S. tariff policies are anticipated, we will increase sales revenue and profits due to business expansion in the industrial area.
We will steadily execute the growth investments outlined in our medium-term strategy, "CS B2027."
Shareholder returns
- Annual dividend for FY2025 of 100 yen per share (planned)
- Annual dividend for FY2026 of 100 yen per share (planned)
- In addition, the Company will conduct share repurchases up to 20 billion yen

* Net income attributable to owners of the parent company

As of the third quarter of FY2025, the N&C (Network & Contents) business has been classified as discontinued operations. The figures from sales revenue to income before tax are the amounts excluding discontinued operations, and the figure for net income attributable to owners of the parent company is the total amount of continuing operations and discontinued operations. Figures for the same period of the previous fiscal year have been reclassified on the same basis for comparison.

Highlights

‌Results for FY2025

Sales revenue and profit increased mainly due to increased sales in the P&S and Machinery businesses.

Despite recording FX losses, operating profit increased due to the recording of temporary proceeds, such as a gain on transfer of the Karaoke Club business.

548

152.48

FY24 Actual

Pre-Reclass

(disclosed last year)

・Adjustments to tax effects related to a partial transfer of XING shares in FY26 ：＋41

23.5%

128

-1.51

10.92

EUR 163.62 163.62

265.8%

676

150.97

174.54

548

152.48

FY24 Actual

Post-Reclass

Net income from discontinued

operations

Net income

attributable to owners of the parent company

USD

5.3%

(3.9%)

446

(329)

8,935

8,489

8,766

Sales revenue

Change Rate of Change

（w/o FX）（w/o FX）

FY25

Actual

(A) (B) (C) (C-B) (C/B-1) (D) (C-D) (C/D-1) (100 Millions of yen)

8,850

85 1.0%

(15) (0.2%)

FX sensitivity

Previous Change

Forecast （w/o FX）

Rate of Change

（w/o FX）

(Impact on annual results from a one-yen depreciation of the yen) (Billions of yen)

Business segment profit 777 755 836				81 (8)	10.8% (1.1%)	800	36 (22)	4.5% (2.7%)
Business segment profit ratio	8.9%	8.9%	9.4%			9.0%
Other income/expense	-78	-78	-58	20	-	-0	-58	-
Operating profit	699	677	779	102	15.0%	800	-21	-2.7%
Operating profit ratio	8.0%	8.0%	8.7%			9.0%
Income before tax	747	725	820	94	13.0%	830	-10	-1.3%
Net income from continuing operations	548	534	626	92	17.2%		1	0.1%

FY25

results

Sales revenue

Business Segment Profit

USD

1.6

-0.3

EUR

1.1

0.8

5 11.7%

670 6 0.9%

149.99 0.98 -

173.29 1.25 -

・Gains on sales of fixed assets (Q2)

・Gain on transfer the Karaoke Club business

・Impairment loss on on some fixed assets related

: +23

: +46

to Printing & Automation in the IP business (Q4) : -20

・Structural reform expense for the P&S business (Q4) : -27

・FX losses : -69

As of the third quarter of FY25, the N&C (Network & Contents) business has been classified as discontinued operations. Regarding the actual results of FY25 shown in Column C (and the previous forecast shown in Column D), the figures from sales revenue to income before tax are the amounts excluding discontinued operations, and the figure for net income attributable to owners of the parent company is the total amount of continuing operations and discontinued operations.

Figures in Column B for the same period of the previous fiscal year have been reclassified on the same basis.

Consolidated Results for FY2025

・Structural reform expense for the P&S business (Q4) : -27

・Impairment loss on some fixed assets related to Printing & Automation in the IP business (Q4): -20

Busines FY24 Actual Post-Reclass	s segmen FY25 Actual		t profit Change	Ope FY24 Actual Post-Reclass	r	ating pr FY25 Actual		ofit Change
610		664	55	589			581	-8
52		29	-23	32			-17	-49
11		67	56	12			67	55
5		10	5	0			10	10
73		66	-7	67			60	-7
4		0	-4	-22			78	100
755		836	81	677			779	102
		・Gains on sales of fixed assets (Q2): ＋・Gain on transfer the Karaoke Club business : ＋			23 46

(100 Millions of yen)

Sales revenue
FY24 Actual Post-Reclass		FY25 Actual	Change
P&S (Printing & Solutions)	5,448	5,706	258
IP (Industrial Printing)	1,373	1,393	20
Machinery	673	830	157
Nissei	200	214	14
P&H (Personal & Home)	572	610	38
Other	223	182	-41
Total	8,489	8,935	446

* "Other" includes elimination amounts from inter-segment transactions.

・FX losses ： -69

As the N&C (Network & Contents) business is a discontinued operation, it is excluded from the figures. Figures for results of the previous fiscal year have been reclassified on the same basis.

Results for FY2025 by Business Segment

Review of FY2025 by Business Segment (on a results basis excluding FX effects)

P&S	Sales revenue	[Communications & printing equipment] Hardware： Revenue increased due to higher sales volumes in each regions compared to the previous year, which was affected by supply constraints, as well as the effect from price adjustments Consumables：Revenue increased as sales were firm overall due to the effect from price adjustments and other factors [Labeling] Revenue increased as sales of both hardware and consumables were firm in all regions except Europe
P&S	Profit	Although business segment profit increased due to price adjustments and other factors, operating profit declined due to the recording of foreign exchange losses and other items
IP	Sales revenue	[Domino] Although demand for capital investment was soft, consumables sales were firm and revenue increased [Printing & automation] Revenue decreased due to intensified competition and lower sales of both hardware and consumables.
IP	Profit	Business segment profit decreased due to the impact of reduced revenue from Printing & Automation, as well as increases in SG&A expenses and U.S. tariff costs among other factors Operating profit posted a loss due to the recording of impairment losses in Printing & Automation and foreign exchange losses
Machinery	Sales revenue	[Machine tools] Revenue increased as demand for capital investment in the automotive and general machinery markets expanded, mainly in China and Asia [Industrial sewing machines] Revenue decreased due to postponed of capital investment in the apparel market caused by U.S. tariffs
Machinery	Profit	Profit increased significantly due to increased revenue from machine tools
Nissei	Sales revenue/ Profit	With signs of a recovery in demand for capital investment in some markets, sales of both reducers and gears remained steady, resulting in increased revenue and profit
P&H	Sales revenue	Sales of low- and middle-end models remained steady across all regions, resulting in increased revenue
P&H	Profit	Profit decreased from the previous year, which benefited from effects from new high-end models

(Blue indicates positive change from the previous year; red indicates negative change.)

Review of FY2025

Sales revenue increased due to steady sales of both hardware and consumables in the P&S business, including the impact of price adjustments, strong sales of machine tools in the Machinery business, and positive FX effects.

(100 Millions of Yen)

P&S

P&H

:+92

:+19

:+7

-41

117

157

-277

165

8,489

8,935

8,766

USD :-26

EUR :+132

GBP :+20

Others :-9

Sales decline due to the transfer of the Karaoke Club business

FY24

disclosed last year

Discontinued Operations

FY24

Post-

P&S

IP Machinery Nissei

P&H

FX impact

Others

FY25

Re-class

Reclass

* Amounts of change are on a results basis excluding foreign exchange effects

As the N&C (Network & Contents) business is a discontinued operation, it is excluded from the figures. Figures for results of the previous fiscal year have been reclassified on the same basis for comparison.

FY2025

Main Factors for Changes in Sales Revenue

Despite an increase in sales promotion and SG&A expenses, business segment profit increased as a result of effects from higher sales revenues from machine tools in the Machinery business, as well as positive FX effects.

The additional tariff burden was fully absorbed through price adjustments and control of expenses.

P&S

：-56

IP ：-10

Machinery ：+84

P&H ：-11

*Including customs duties -162

P&S

P&H

：+72

：-3

：+6

：-11

Machinery ：-29

P&H ：-10

(100 Millions of Yen)

185

-16

-55

-22

-120

755

836

777

P&S ：-111

P&S ：+169

FY24

disclosed last year

Discontinued Operations Reclass

FY24

Post-Reclass

FX impact Diff. in sales,

etc.

Promotion Sales price

Parts & materials cost

SG&A FY25

FY2025

Main Factors for Changes in Business Segment Profit

‌Forecast for FY2026

Other

P&H (Personal & Home)

Nissei

Industrial sewing machines

Machine tools

Machinery

MUTOH results included

Printing &

automation

Domino

IP (Industrial Printing)

Labeling

Communications & printing equipment

P&S（Printing & Solutions)

P&S（Printing & Solutions)
	Communications & printing equipment
	Labeling
IP (Industrial Printing)
	Domino
	Printing & automation
Machinery
	Machine tools
	Industrial sewing machines
Nissei
P&H (Personal & Home)
Other Gain on transfer the Karaoke Club business and pre-transfer earnings

As of the third quarter of FY2025, the N&C (Network & Contents) business has been classified as discontinued operations. From FY2026, results from MUTOH HOLDINGS will be included in the Printing & Automation segment of the IP business for disclosure purposes.

～FY25Q2

FY25Q3～＊FY25 reclassified retrospectively.

FY26～

Discontinued operations

P&S（Printing & Solutions)
	Communications & printing equipment
	Labeling
IP (Industrial Printing)
	Domino
	Printing & automation
Machinery
	Machine tools
	Industrial sewing machines
Nissei
P&H (Personal & Home)
N&C (Network & Contents)
Other

*Sub-businesses within P&S, IP and Machinery businesses disclose sales revenue only.

Changes in Disclosed Segments

Although risks stemming from the situation in the Middle East, soaring parts and materials prices, and the impact of changes in U.S. tariff policies are anticipated, we will increase sales revenue and profits due to business expansion in the industrial area.

Sales revenue	FY25 Actual 8,935	FY26 Forecast 9,100	Change	Rate of Change
			(ｗ/o FX)	(w/o FX)
			165	1.9%
			(163)	(1.8%)
Business segment profit	836	850	14 (-29)	1.6% (-3.4%)
Business segment profit ratio	9.4%	9.3%
Other income/expense	-58	0	58
Operating profit	779	850	71	9.2%
Operating profit ratio	8.7%	9.3%
Income before tax	820	875	55	6.7%
Net income from continuing operations	626	640	14	2.2%
Net income from discontinued operations	50	80	30	58.8%
Net income attributable to owners of the parent company	676	720	44	6.4%
USD 150.97		150.00	-0.97
EUR 174.54		180.00	5.46

(100 Millions of Yen)

Reference: Original forecast (before reflecting effects)

9,520

940

9.9%

-30

910

9.6%

940

700

780

150.00

180.00

Forecast for FY2026

The effects of risks stemming from the situation in the Middle East, soaring parts and materials prices, and changes in

U.S. tariff policies have been factored into the forecasts for FY2026 based on the following assumptions. We plan to continue closely monitoring the situation, assessing impacts, and will update the forecasts for the year as necessary.

Exchange rate

assumptions

1USD＝150 yen, 1EUR＝180 yen

Impacts of the situation in the Middle East and soaring parts and materials prices

Assuming the situation in the Middle East will continue for about six months, and soaring parts and materials prices will continue whole year.

the following factors are factored into the forecast.

[Risk factors] -25 billion yen

Increased parts and materials costs, primarily for resin and memory
Increased logistics costs
Decreased sales in the Middle East
Decline in factory utilization due to difficulties in procuring parts and materials, and a decrease in sales volume due to subsequent product supply shortages
[Countermeasures] +11 billion yen
Reduction of expenses, control of promotional expenses, cost cutting

Profit impact

Approx.

-14billion yen

(YoY) expected

Impacts of U.S. tariff policy

Comprehensive risks

Assuming a flat 10% additional tariff rate until late July and a flat 15% rate thereafter until the end of the fiscal year, the additional tariff burden is expected to decrease compared to the previous year.
A certain extent of IEEPA tariff refunds is also factored in.
The outlook for profit and loss in the event that the above assumptions do not hold is factored in to a certain extent.

Profit impact

Approx.

+8billion yen

(YoY) expected

Preconditions for Forecast for FY2026

While negative impacts on profit, such as rising costs and declining sales, are anticipated due to the situation in the Middle East and soaring parts and materials prices, these effects will be minimized through the implementation of countermeasures and a review of additional U.S. tariffs.

Change in Operating profit (before and after reflecting effects from the situation in the Middle East and other factors)

850

779

-250

110

Increased parts and materials costs
Increased logistics costs
Decreased sales in the Middle East
Decline in factory utilization and resulting decrease in sales volume

Improved profitability in the industrial area due to the expansion of the machine tools business and the consolidation of MUTOH as a subsidiary, etc.
Positive FX effects, etc.

IEEPA tariff refunds
Tariff rate revisions
Comprehensive risks

Reduction of expenses
Control of promotional expenses
Cost increase control

(100 Millions of Yen)

910

FY2025

FY2026

Original forecast (before reflecting effects)

Impacts of the situation in the Middle East and soaring parts and materials prices

Countermeasures Impacts of U.S. tariff

policy and Comprehenshive risks

FY2026

Forecast

(after reflecting effects)

Reference: Forecast for FY2026 Change in Operating Profit

Effects of the Situation in the Middle East and other factors

While impact from the situation in the Middle East and soaring parts and materials prices is expected, particularly in the P&S business, we will pursue further growth for machine tools in the Machinery business and expand the IP business including MUTOH HOLDINGS.

(100 Millions of Yen)

Sales revenue
FY25 Actual		FY26 Forecast	Change
P&S (Printing & Solutions)	5,706	5,409	-297
IP (Industrial Printing)	1,393	1,670	277
Machinery	830	1,010	180
Nissei	214	239	25
P&H (Personal & Home)	610	630	20
Other	182	142	-40
Total	8,935	9,100	165

Business segment profit
FY25 Actual	FY26 Forecast	Change
664	630	-34
29	40	11
67	110	43
10	11	1
66	53	-13
0	6	6
836	850	14

Operating profit
FY25 Actual	FY26 Forecast	Change
581	630	49
-17	40	57
67	110	43
10	11	1
60	53	-7
78	6	-71
779	850	71

* "Other" includes elimination amounts from inter-segment transactions.

Sales decline due to the transfer of the Karaoke Club business

Forecast for FY2026 by Business Segment

Changes in Sales Revenue

Changes in Business Segment Profit

FY2025

(100 Millions

-303

277

185

-40

9,100

8,935

of Yen)

FY2025

(100 Millions

-77

-16

850

836

of Yen)

P&S

Machinery

Nissei P&H

FX impact

Others FY2026

Forecast

P&S

Machinery

Nissei P&H

FX impact

Others FY2026

Forecast

* Amounts of change are on a results basis excluding foreign exchange effects

FY2026

Changes in Sales Revenue / Business Segment Profit

‌Financial Position/ Cash Flows/

Capital Expenditure, Depreciation & Amortization/ R&D Expenses

Statements of Financial Position: Main Items

Inventory

End of Mar 25		End of Mar 26	Change
Current assets	5,741	6,474	734
Cash&Cash equivalents	1,728	1,977	249
Inventories	2,268	2,340	72
Non-current assets	3,586	3,714	128
Total liabilities	2,412	2,515	103
Interest-bearing debt	6	10	4
Shareholders' equity*	6,914	7,633	719
Total assets	9,327	10,188	862

(100 Millions of Yen)

Inventories（100 millions of Yen）

Inventories / Cash of sales（Number of months）

2,080

2,248

2,193

2,344

2,268

2,330

2,375

2,358 2,340

5.2

5.7

5.6

5.4

5.3

5.7

5.6

5.2

5.3

Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26

Net cash	End of Mar 25 1,722	End of Mar 26 1,967	Change 245
Shareholders' equity ratio	74.1%	74.9%	-
ROE	8.1%	9.3%	-
PBR	1.00	0.94	-

The inventory figure from the end of December 2025 excludes discontinued operations.

*Equity attributable to owners of the parent company

Financial Position

837

514

103

Transfer of the Karaoke Club business
Acquisition of Konrad Busche business
Tender offer for MUTOH and acquisition as a consolidated subsidiary

-264

-80

Gains on sales of fixed assets

-440 30

-20

(100 Millions of Yen)

Repurchase of our own shares

1,728

-255

-295

124

-9 1,977

Free cash flow: 68.0 billion yen

Operating CF：

110.0 billion yen

Investing CF：

-43.0 billion yen

Financial CF：

-54.6 billion yen

Opening

Profit

Depreciation

Increase

Income

Other

Capital

Sales of

Other

Interest-

Dividend

Other

Assets held

Ending

balance

before

in working

taxes

operating

expenditure

fixed assets

investing

bearing

payment

finance

Others

for sales

balance

income tax

amortization

capital

debt

FY2025 Cash Flow Analysis

Capital Expenditure

Depreciation & Amortization

R&D Expenses

(100 Millions of Yen)

460

449

495

508

540

530

(100 Millions of Yen)

426 423420

(100 Millions of Yen)

FY24	FY25	FY26		FY24	FY25	FY26		FY24	FY25	FY26
		Forecast				Forecast				Forecast

Breakdown by business (CapEx)

(100 Millions of Yen)

Breakdown by business (R&D)

(100 Millions of Yen)

	FY24	FY25	FY26 Fct		FY24	FY25	FY26 Fct
Industrial area	83	81	145	Industrial area	148	179	183
Consumer area & Others	376	368	385	Consumer area & Others	347	330	357
Total	460	449	530	Total	495	508	540

* The industrial area combines the Machinery, Domino (Industrial Printing for FY25), and Nissei businesses

Capital expenditure, depreciation & amortization, and R&D expenses include discontinued operations.

Capital Expenditure,

Depreciation and Amortization/ R&D Expenses

‌Shareholder Returns

An annual dividend for FY2025 of 100 yen per share

and also an annual dividend for FY2026 of 100 yen per share are planned.

CS B2027 Shareholder return policy

Dividend

Basic policy

Implement stable and continuous shareholder returns

Annual dividend for FY2025 of 100 yen per share planned
Annual dividend for FY2026 of 100 yen per share planned
Dividend
- Minimum annual dividend of 100 yen per share.
- Target dividend payout ratio of 40%.
  Dividend per share (yen)
  Interim Year-end Annual
  
  84
  68
  54
  60
  60
  60
  64
  36
  42
  50
  50
  50

100

100 100

Repurchase of our own shares

Plan to repurchase a total of 60 billion yen (3-year total) of our own shares during the CS B2027 period.
Additional shareholder returns
Consider additional shareholder returns depending on factors such as business performance.

(increase in dividend level and flexible repurchase of our own shares additionally.)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

(plan)

2026

(plan)

Shareholder Returns | Dividend

Repurchase our own shares up to 20 billion yen from May 2026 in order to improve shareholder return, capital efficiency and to implement flexible capital policies.

Total purchase price

All treasury shares acquired from May 2025 onward will be cancelled.

Up to 20 billion yen

Number of shares

Up to 10 million shares

(% to total number of shares issued excluding treasury stock: 4.02%)

Period of repurchase

From May 11, 2026 to April 30, 2027

Treatment of shares after the share repurchase

Cancel the shares after the share repurchase in order to eliminate concerns over dilution

*The treasury shares acquired from May 12, 2025 to April 30, 2026 (about 20 billion yen) are scheduled to be cancelled on June 1, 2026.

Shareholder Returns｜Repurchase of shares

‌Appendix

Results for FY2025 Q4 (Jan.-Mar., 2026)

Sales revenue and profit both increased mainly due to higher sales of consumables in the P&S business and higher sales in the Machinery business.For operating profit, restructuring costs in the P&S business and an impairment loss on Printing & Automation in the IP business were recorded.

(A) (B) (C) (C-B) (C/B-1) (100 Millions of yen)

・Structural reform expense for the P&S business (Q4)

: -27

Impairment loss on some fixed assets related to Printing & Automation in the IP business (Q4) : -20

Sales revenue	24Q4 Pre-Reclass (disclosed last year) 2,178	24Q4 Post-Reclass 2,106	25Q4 2,325	Change （w/o FX） 218 (73)	Rate of Change （w/o FX） 10.4% (3.5%)
Business segment profit	85	80	200	120 (68)	150.2% (85.0%)
Business segment profit ratio	3.9%	3.8%	8.6%
Other income/expense	-27	-27	-49	-21	-
Operating profit	58	53	152	99	187.1%
Operating profit ratio	2.7%	2.5%	6.5%
Income before tax	66	61	164	104	171.0%
Net income from continuing operations	44	40	156	115	285.2%
Net income from discontinued operations	-	3	2	-2	-51.6%
Net income attributable to owners of the parent company	44	44	157	113	259.1%
USD 152.95 152.95			156.48	3.53 -
EUR 160.74 160.74			183.73	22.99 -

As of the current third quarter of FY25, the N&C (Network & Contents) business has been classified as discontinued operations. Regarding the actual results of the current quarter shown in Column C, the figures from sales revenue to income before tax are the amounts excluding discontinued operations, and the figure for net income attributable to owners of the parent company is the total amount of continuing operations and discontinued operations. Figures in Column B for the same period of the previous fiscal year have been reclassified on the same basis.

Consolidated Results for FY2025 Q4

・Structural reform expense for the P&S business (Q4) : -27

(100 Millions of yen)

Sales revenue
24Q4		25Q4	Change
P&S (Printing & Solutions)	1,323	1,485	161
IP (Industrial Printing)	345	374	29
Machinery	193	226	33
Nissei	51	56	5
P&H (Personal & Home)	141	149	8
Other	53	35	-18
Total	2,106	2,325	218

Business segment profit
24Q4	25Q4	Change
43	163	120
5	3	-2
4	18	15
1	1	0
28	13	-15
-1	2	3
80	200	120

Operating profit
24Q4	25Q4	Change
42	140	98
-8	-30	-22
4	17	13
-4	1	5
22	12	-10
-3	12	14
53	152	99

・Impairment loss on some fixed assets related

to Printing & Automation in the IP business (Q4) : -20

* "Other" includes elimination amounts from inter-segment transactions.

As the N&C (Network & Contents) business is a discontinued operation, it is excluded from the figures. Figures for the same period of the previous fiscal year have been reclassified on the same basis.

Results for FY2025 Q4 by Business Segment

Sales revenue increased due to higher sales, mainly in the P&S and Machinery businesses, and positive FX effects.

(100 Millions of Yen)

-18

-1

145

-72

2,106

2,325

2,178

USD : +14

EUR : +72

GBP : +23

Others : +37

Sales decline due to the transfer of the Karaoke Club business

FY24Q4

Discontinued

FY24Q4

P&S IP Machinery Nissei

P&H

FX impact

Others

FY25Q4

(disclosed last year)

Operations Re-class

Post-Reclass

* Amounts of change are on a results basis excluding foreign exchange effects

FY2025 Q4

Main Factors for Changes in Sales Revenue

Although sales promotion expenses increased, business segment profit increased due to higher sales of consumables in the P&S business, the effects of higher sales revenue in the Machinery business, control of expenses, and positive FX effects. The increased in additional tariff burden was absorbed through price adjustments.

P&S

：+63

Machinery ：+20

P&H ：-23

*Including customs duties -47

(100 Millions of Yen)

-38

-14

200

-5

P&S ：+44

P&S ：-38

P&S ：+27

P&S ：+39

FY24Q4

disclosed last year

Discontinued Operations Re-class

FY24Q4

Post-Reclass

FX impact Diff. in sales,

etc.

Promotion Sales price

Parts & materials cost

SG&A FY25Q4

FY2025 Q4

Main Factors for Changes in Business Segment Profit

Business Segment Information (Results for FY2025)

24Q4

25Q4

Change

(w/o FX)

Change

(w FX)

FY24 FY25

Actual Prev. Fct.

FY25

Actual

Change vsFY24 Change vsFY24

(w/o FX)

(w FX)

Industrial/Consumer

Communications & Printing Equipment, Home & Office labeling

Consumer

Commercial & Industrial Labeling

Positioning in CS B2027

Communications & Printing Equipment,

Industrial

Home & Office labeling

Core business

Commercial & Industrial Labeling Growth business

Main Products and Services

Laser All-in-One Inkjet All-in-One

Label printer

(100 Millions of Yen)

Sales revenue	1,323	1,485	4.2%	12.2%
Communications & printing equipment	1,154	1,296	4.2%	12.3%
Americas	484	504	-0.1%	4.2%
Europe	352	459	13.3%	30.2%
Asia & others	212	231	2.9%	9.0%
Japan (incl. OEM)	106	102	-3.8%	-3.5%
Labeling	169	188	3.8%	11.3%
Americas	77	82	2.3%	5.7%
Europe	55	66	4.4%	19.9%
Asia & others	23	27	9.6%	16.6%
Japan	14	14	0.3%	0.3%

5,448	5,661	5,706	3.0%	4.7%
4,755	4,940	4,983	3.1%	4.8%
1,850	1,907	1,923	5.0%	3.9%
1,501	1,616	1,621	0.8%	8.0%
952	984	1,002	5.7%	5.2%
452	433	438	-2.6%	-3.1%
693	721	722	2.6%	4.2%
318	329	323	2.8%	1.6%
217	226	232	-0.3%	6.7%
109	112	115	5.4%	5.0%
49	54	53	7.9%	7.7%

Business segment profit	43	163	-	276.1%
Operating profit	42	140	-	232.6%

610	644	664	-	9.0%
589	600	581	-	-1.3%

Sales Revenue

Business Segment Profit

Communications & Printing Equipment Labeling (100 Millions of Yen)

4,940 4,983

Profit ratio

(100 Millions of Yen)

610 644 664

1,154

1,296

4,755

693 721 722

11.0%

3.3%

163

11.2%

11.6%

169

188

24Q4 25Q4 FY24

Actual

FY25

Prev. Fct.

FY25

Actual

24Q4 25Q4 FY24

Actual

FY25

Prev. Fct.

FY25

Actual

24Q4

25Q4

FY24

11.

Actual

FY25

Prev. Fct.

FY25

Actual

Printing & Solutions Sales Revenue & Profit

		23Q1	23Q2	23Q3	23Q4	24Q1	24Q2	24Q3	24Q4	25Q1	25Q2	25Q3	25Q4
Sales revenue growth rate（YoY)
Laser
JPY	Hardware	4%	-17%	-13%	-1%	-5%	2%	-1%	1%	1%	5%	6%	8%
	Consumable	3%	15%	11%	18%	11%	14%	14%	-2%	-3%	3%	0%	18%
LC	Hardware	-1%	-21%	-16%	-9%	-12%	2%	0%	1%	9%	5%	1%	1%
	Consumable	-3%	7%	5%	7%	0%	12%	12%	-2%	3%	2%	-4%	8%
Inkjet
JPY	Hardware	5%	3%	-5%	-1%	18%	12%	17%	14%	4%	13%	13%	3%
	Consumable	15%	16%	0%	5%	-1%	6%	11%	-2%	-4%	9%	5%	21%
LC	Hardware	2%	-2%	-8%	-7%	10%	14%	18%	16%	12%	13%	9%	-3%*
	Consumable	9%	9%	-4%	-3%	-9%	4%	10%	-2%	1%	8%	1%	12%

Cosumable ratio		54%	53%	54%	56%	55%	55%	56%	55%	54%	54%	55%	58%

Growth rate of hardware (Units/YoY)
Laser		-1%	-21%	-8%	-6%	-13%	-2%	-6%	1%	5%	5%	1%	-2%
Inkjet		4%	0%	-3%	-9%	13%	14%	17%	11%	9%	10%	6%	8%

FY23	FY24	FY25


-8%	-1%	5%
11%	9%	4%
-13%	-2%	4%
4%	5%	2%

0%	15%	8%
8%	3%	8%
-4%	15%	8%
2%	1%	5%

54%	55%	55%


-10%	-5%	2%
-2%	14%	8%

*Q4 FY25 inkjet hardware sales (in local currency) include adjustments to IFRS sales deductions at overseas subsidiaries for Q2 and Q3 FY25

Sales Revenue Growth Rate / Consumable Ratio / Growth Rate of Hardware

Industrial/Consumer

Industrial

Positioning in CS B2027

Growth business

Main Products and Services

Coding and marking equipment

Garment printer

Digital printing equipment

24Q4

25Q4

Change

(w/o FX)

Change

(w FX)

FY24 FY25

Actual Prev. Fct.

FY25

Actual

Change vsFY24 Change vsFY24

(w/o FX)

(w FX)

(100 Millions of Yen)

Sales revenue	345	374	2.1%	8.6%
Domino	311	344	4.0%	10.6%
Americas	81	92	-0.4%	13.0%
Europe	138	150	0.4%	8.4%
Asia & others	80	89	13.2%	11.6%
Japan	12	13	-	13.9%
Printing & automation	33	30	-15.6%	-10.8%
Americas	18	13	-26.6%	-24.2%
Europe	8	7	-22.9%	-11.5%
Asia & others	4	5	21.1%	28.2%
Japan	4	4	-	8.5%

1,373	1,379	1,393	0.1%	1.5%
1,194	1,238	1,253	3.5%	5.0%
313	335	341	5.2%	8.7%
516	524	528	0.8%	2.2%
322	328	334	3.8%	3.7%
42	50	51	-	21.0%
179	141	140	-22.4%	-22.0%
98	65	65	-33.3%	-34.1%
38	35	33	-18.9%	-14.2%
28	26	26	-5.6%	-6.2%
14	16	16	-	9.8%

Business segment profit	5	3	-	-41.8%
Operating profit	-8	-30	-	263.7%

52	16	29	-	-44.3%
32	1	-17	-	-

Sales Revenue

Business Segment Profit

311

344

Domino

1,194 1,238 1,253

Printing & Automation

179

(100 Millions of yen)

Profit ratio

(100 Millions of yen)

141 140

3.8%

0.8%

1.1%

2.1%

24Q4 25Q4 FY24

Actual

FY25

Prev. Fct.

FY25

Actual

24Q4 25Q4 FY24

Actual

FY25

Prev. Fct.

FY25

Actual

1.6%

24Q4

25Q4

FY24

Actual

FY25

Prev. Fct.

FY25

Actual

Industrial Printing Sales Revenue & Profit

24Q4

25Q4

Change

(w/o FX)

Change

(w FX)

FY24 FY25

Actual Prev. Fct.

FY25

Actual

Change vsFY24 Change vsFY24

(w/o FX)

(w FX)

Industrial/Consumer

Industrial

Positioning in CS B2027

Machine tool Growth business

Industrial Sewing Profitability

Machines transformation business

Main Products and Services

Machine tool

Industrial Sewing Machines

(100 Millions of Yen)

Sales revenue	193	226	13.6%	17.0%
Machine tools	145	178	19.8%	22.5%
Americas	8	10	-	18.5%
Europe	10	12	-	25.6%
Asia & others	104	126	-	20.6%
Japan	23	30	-	31.4%
Industrial sewing machines	48	49	-4.8%	0.5%
Americas	3	4	29.6%	33.1%
Europe	6	7	-4.8%	9.4%
Asia & others	38	36	-8.8%	-4.6%
Japan	1	1	-	42.6%

673	824	830	23.3%	23.3%
473	640	643	35.9%	35.9%
33	37	39	-	18.6%
26	30	31	-	21.6%
319	469	466	-	46.4%
96	103	106	-	10.7%
200	184	187	-6.6%	-6.6%
11	14	14	36.4%	34.7%
27	23	24	-16.9%	-11.1%
159	144	144	-8.1%	-9.0%
4	3	4	-	10.5%

Business segment profit	4	18	-	405.1%
Operating profit	4	17	-	350.1%

11	60	67	-	529.5%
12	60	67	-	468.2%

Sales Revenue

Business Segment Profit

Machine Tools

640 643

Industrial Sewing Machines (100 Millions of Yen)

Profit ratio

(100 Millions of Yen)

473

145

178

8.1%

7.3%

1.9%

1.6% 11

200

184

187

24Q4 25Q4 FY24

Actual

FY25

Prev. Fct.

FY25

Actual

24Q4 25Q4 FY24

Actual

FY25

Prev. Fct.

FY25

Actual

24Q4

25Q4

FY24

Actual

FY25

Prev. Fct.

FY25

Actual

Machinery

Sales Revenue & Profit

Trends in order amount and sales revenue

(Reference) Machine tool statistics of

the Japan Machine Tool Builders' Association

Order amount Sales revenue

180

160

140

120

100

(100 Millions of Yen)

Domestic demand

Demand from oveaseas except China Demand from China

2,500

2,000

1,500

1,000

500

(100 Millions of Yen)

23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4

Total amount of domestic and overseas orders for hardware products
Overseas orders are converted into yen using the exchange rate for each quarter
Source: Major machine tool statistics of the Japan Machine Tool Builders' Association

Machinery (Machine Tools) Order Trends

24Q4

25Q4

Change

(w/o FX)

Change

(w FX)

FY24 FY25

Actual Prev. Fct.

FY25

Actual

Change vsFY24 Change vsFY24

(w/o FX)

(w FX)

Industrial/Consumer

Industrial

Positioning in CS B2027

Profit-driven business

Main Products and Services

Gearmotor

High stiffness

reducer

Gear

200	211	214	7.5%	7.1%
31	38	38	25.8%	24.3%
-	-	-	-	-
29	27	27	-6.1%	-7.1%
140	146	149	-	6.3%

(100 Millions of Yen)

Sales revenue	51	56	8.2%	9.5%
Americas	9	9	-0.7%	1.8%
Europe	-	-	-	-
Asia & others	6	8	18.5%	25.2%
Japan	36	39	-	8.7%

Sales Revenue

Business Segment Profit

Business segment profit	1	1	-	-17.7%
Operating profit	-4	1	-	-

5	9	10	-	101.8%
0	9	10	-	-

(100 Millions of Yen)

Profit ratio

(100 Millions of Yen)

200

211

214

2.5%

1 1

1.9%

2.4%

4.3%

4.5%

24Q4 25Q4 FY24

Actual

FY25

Prev. Fct.

FY25

Actual

24Q4

25Q4

FY24

Actual

FY25

Prev. Fct.

FY25

Actual

Nissei

Sales Revenue & Profit

Industrial/Consumer

Consumer

Positioning in CS B2027

Profit-driven business

Main Products and Services

©Disney

Home sewing

machine

Home cutting

machine

(100 Millions of Yen)

	24Q4	25Q4	Change (w/o FX)	Change (w FX)
Sales revenue	141	149	-1.0%	5.5%
Americas	87	83	-8.4%	-4.5%
Europe	32	36	0.1%	14.9%
Asia & others	14	19	29.0%	36.8%
Japan	9	11	-	21.2%

FY24 Actual	FY25 Prev. Fct.	FY25 Actual	Change vsFY24 Change vsFY24 (w/o FX) (w FX)
572	601	610	5.4%	6.7%
346	345	351	2.4%	1.4%
139	155	155	3.6%	11.0%
57	68	69	20.3%	20.6%
28	33	34	-	21.3%

Business segment profit	28	13	-	-54.8%
Operating profit	22	12	-	-45.0%

73	61	66	-	-9.8%
67	55	60	-	-9.9%

Sales Revenue

Business Segment Profit

(100 Millions of Yen)

Profit ratio

19.6%

12.8%

(100 Millions of Yen)

572

601

610

141

149

8.4%

10.1%

10.8%

24Q4 25Q4 FY24

Actual

FY25

Prev. Fct.

FY25

Actual

24Q4

25Q4

FY24

Actual

FY25

Prev. Fct.

FY25

Actual

Personal & Home Sales Revenue & Profit

Business Segment Information (Forecast for FY2026)

Due to the impact of the situation in the Middle East and other factors, we will not be disclosing regional forecasts at this time.

We plan to provide an update at the time of the first quarter earnings announcement.