Consolidated Financial Report for the 1st Quarter of FY 2026 [PDF:587KB]

CONSOLIDATED FINANCIAL REPORT

For the Three-Month Period from January 1 to March 31, 2026

Summary of Consolidated Financial Results

For the Three-Month Period from January 1 to March 31, 2026

Presented April 28, 2026

1. FY2026 First Quarter Consolidated Results (January 1, 2026 to March 31, 2026)

   1. Business Results

      (Units: millions of yen)

      	First Quarter January 1 to March 31, 2026		First Quarter January 1 to March 31, 2025
      	% change		% change
      Net sales	255,566	5.8	241,536	(5.2)
      Operating profit	13,377	19.6	11,182	(39.3)
      Ordinary profit	11,046	26.9	8,705	-
      Profit attributable to owners of parent	7,913	21.8	6,495	(52.2)
      Profit attributable to owners of parent ratio (yen)	65.96		54.04
      Fully diluted profit attributable to owners of parent ratio	-		-

      Note 1: Comprehensive income:

      Fiscal quarter ended March 31, 2026: 14,401 million yen, (- %) Fiscal quarter ended March 31, 2025: (9,394) million yen, (- %)

      Note 2: The presentation method has been changed since the first quarter of the consolidated fiscal year ending December 31, 2026. Accordingly, ordinary profit for the first quarter of the consolidated fiscal year ended December 31, 2025 is presented using restated figures reflecting this change. As a result, percent changes from the same period of the previous fiscal year are not described in this document. For details, please refer to "4. Items of Special Note Concerning the Quarterly Consolidated Financial Statements (Change in Presentation Method) in II. Quarterly Consolidated Financial Statements and Key Explanatory Notes."

   2. Financial Position

   (Units: millions of yen)

   	End of First Quarter As of March 31, 2026	End of Previous Full Year December 31, 2025
   Total assets	1,328,120	1,320,527
   Total net assets	689,480	686,223
   Equity ratio (%)	51.6	51.6

   Reference: Equity:

   Fiscal quarter ended March 31, 2026: 684,897 million yen

   Fiscal year ended December 31, 2025: 681,666 million yen

2. Dividends

   (Unit: yen)

   	Year Ended December 31, 2025	Year Ending December 31, 2026	Year Ending December 31, 2026 (forecast)
   Annual dividends per share
   First quarter	-	-	-
   Second quarter	60.00		70.00
   Third quarter	-		-
   End of term	65.00		75.00
   Annual dividends	125.00		145.00

   Note: Changes from the most recent dividend forecast: No

3. FY2026 Consolidated Forecasts (January 1, 2026 to December 31, 2026)

(Units: millions of yen)

Note1: Changes from the most recent dividend forecast: No

Note2: At the Board of Directors meeting held on February 10, 2026, the Company resolved to acquire treasury shares. However, the "Profit attributable to owners of parent ratio (yen)" in the consolidated forecasts section does not reflect the impact of the acquisition of treasury shares.

Note 3: The presentation method has been changed since the first quarter of the consolidated fiscal year. Accordingly, percentage changes in ordinary profit have been calculated using restated figures reflecting this change.

1. Significant changes in the scope of consolidation during the period under review : None Newly consolidated: -

   Excluded from consolidation: -

2. Special accounting measures applied in the quarterly consolidated financial report: Yes

3. Changes to accounting policies, changes to accounting estimates, and retrospective restatements

   1. Changes to accounting policies due to revisions to accounting standards: None

   2. Changes to accounting policies not otherwise stated in (i): None

   3. Changes to accounting estimates: None

   4. Retrospective restatements: None

4. Number of shares issued (share capital)

   1. Number of shares issued at end of fiscal period (including treasury shares):

      As of March 31, 2026 122,905,481 shares

      As of December 31, 2025 122,905,481 shares

   2. Number of treasury shares at end of fiscal period:

      As of March 31, 2026 3,373,346 shares

      As of December 31, 2025 2,724,082 shares

   3. Average number of shares during fiscal period (cumulative quarterly period): As of March 31, 2026 119,969,438 shares

As of March 31, 2025 120,183,482 shares

*Treasury stock that is deducted to calculate the number of term-end treasury stock and the average number of shares during the fiscal period includes shares of the Company held in the trust account related to the share delivery trust established for the stock compensation plan for directors and others.

*Review of the attached quarterly consolidated financial statements

by a Certified Public Accountant or an Independent Auditor: None

* Explanation on the proper use of earnings forecasts, and other special remarks

Earnings and outlooks concerning future financial results are believed to be reasonable based on information available at the time of publication. Actual financial results may vary from the above forecast and outlook due to a variety of factors. For information on the assumptions that form the basis of the earnings forecast and items to note concerning the use of earnings forecasts, please refer to the Explanation of the Consolidated Earnings Forecast and Other Forward-Looking Estimates in the Supplementary Materials section beginning on page 7.

1. Summary of Operating Performance

   6
   
   

   1. Summary of Operating Performance for the Quarterly Consolidated Cumulative

      Period Under Review 6

   2. Summary of Financial Condition for the Quarterly Consolidated Cumulative Period Under Review 7

   3. Explanation of the Consolidated Earnings Forecast and Other Forward-Looking Estimates 7

2. Quarterly Consolidated Financial Statements and Key Explanatory Notes

   8
   
   

   1. Quarterly Consolidated Balance Sheets 8

   2. Quarterly Consolidated Income Statements and Quarterly Consolidated Statement of Comprehensive Income 10

      Quarterly Consolidated Income Statements 10

      Quarterly Consolidated Statement of Comprehensive Income 11

   3. Consolidated Cash Flows Statement 12

   4. Items of Special Note Concerning the Quarterly Consolidated Financial Statements 13

      (Significant Events or Conditions that Question the Premise of a Going Concern) 13

      (Application of Accounting Procedures Specific to Preparation of Quarterly Consolidated Financial Statements) 13

      (Change in Presentation Method) 13

      (Notes regarding Significant Fluctuations to Shareholders' Equity) 13

      (Notes on Segment Information, etc.) 13

      (Subsequent Events of Significant Importance) 15

3. Supplemental Information

   16
   
   

1. ‌Summary of Operating Performance
   1. ‌Summary of Operating Performance for the Quarterly Consolidated Cumulative Period Under Review

      Regarding the economic environment surrounding the Group for the first quarter under review, amid uncertainty regarding the economic outlook caused by the deteriorating situation in the Middle East and rising oil prices.in Japan, capital investment and exports have remained firm recently. Turning to overseas regions, the US economy remained strong, and Europe experienced a gradual recovery. Meanwhile, demand in China remained sluggish.

      In this business environment, according to the "Medium-Term Management Plan 2026," the Group aimed to increase corporate value in a sustainable manner by solving social issues through products and services. Also, we moved forward with measures, such as expanding contribution to SDGs and strengthening initiatives for reducing negative environmental impacts, as well as improving our earning capacity and capital efficiency and strengthening our efforts to explore new businesses in order to develop a robust entity.

      As a result, the Group's orders came to JPY318.4 billion (up 22% year on year), while sales amounted to JPY255.6 billion (up 6% year on year). In terms of profitability, the Group posted operating profit of JPY13.4 billion (up 20% year on year), ordinary profit of JPY11.0 billion (up 27% year on year) and profit attributable to owners of parent came to JPY7.9 billion (up 22% year on year).

      The situation by segment is described below.

      1. Mechatronics

         Orders increased for gear reducers due to strong demand in Japan and abroad. Motor and inverters orders also rose on the back of increasing demand from customers in Europe. In addition, cryocoolers experienced an increase in orders, fueled by a surge in semiconductor-related demand in the United States and China. Sales and operating profit also increased due to a rise in orders.

         As a result, in year-on-year terms, orders increased by 16% to JPY78.2 billion, sales increased by 12% to JPY72.4 billion, and operating profit increased by 43% to JPY6.8 billion.

      2. Industrial Machinery

         Orders decreased as customers for semiconductor manufacturing equipment postponed and revised their investment plans, although orders for plastics machinery increased. Sales and operating profit saw a modest increase following the growth in orders for plastics machinery.

         As a result, in year-on-year terms, orders decreased by 12% to JPY47.9 billion, sales increased by 2% to JPY49.4 billion, and operating profit came to JPY0.6 billion.

      3. Logistics & Construction

         Orders increased, supported by large orders for rental hydraulic excavators in North America and stronger demand from Europe, although orders for industrial cranes declined due to a reaction to the solid level of orders secured in the previous year. Sales increased due to order backlogs of industrial cranes and a rise in orders for hydraulic excavators in Europe, while operating profit decreased due to rising costs for the hydraulic excavator business in North America.

         As a result, in year-on-year terms, orders increased by 15% to JPY110.2 billion, sales grew by 10% to JPY90.0 billion, and operating profit decreased by 37% to JPY2.1 billion.

      4. Energy & Lifeline

         Orders increased, driven by biomass power generation plant orders in Europe, as well as large orders for water treatment equipment and marine structures. Sales decreased due to lower sales recognized for biomass power generation plants and marine structures in the period under review, while operating profit remained unchanged year on year, primarily driven by improved project profitability of biomass power generation plants.

         As a result, in year-on-year terms, orders increased by 94% to JPY80.5 billion, sales decreased by 7% to JPY41.8 billion, and operating profit increased by 9% to JPY3.2 billion.

      5. Others

         Orders decreased by 3% to JPY1.6 billion, sales decreased by 3% to JPY1.9 billion, and operating profit increased by 18% to JPY0.6 billion.

   2. ‌Summary of Financial Condition for the Quarterly Consolidated Cumulative Period Under Review

      1. Condition of Assets, Liabilities, and Net Assets

         Total assets at the end of the first quarter of the current consolidated fiscal year (ended March 31, 2026) amounted to JPY1,328.1 billion, an increase of JPY7.6 billion as compared to the end of the previous consolidated fiscal year. This was mainly due to a decrease of JPY22.3 billion in notes and accounts receivable - trade and contract assets, while cash and deposits increased by JPY13.4 billion and inventory assets rose by JPY13.4 billion as compared to the end of the previous consolidated fiscal year.

         Total liabilities came to JPY638.6 billion, an increase of JPY4.3 billion as compared to the end of the previous consolidated fiscal year. This was partly because interest-bearing liabilities increased by JPY24.6 billion, while notes and accounts payable

         - trade decreased by JPY19.6 billion.

         Net assets amounted to JPY689.5 billion, an increase of JPY3.3 billion as compared to the end of the previous consolidated fiscal year. This was mainly due to an increase of JPY6.5 billion in foreign currency translation adjustments.

         As a result of the above, the shareholders' equity ratio remained unchanged from the end of the previous consolidated fiscal

         year, standing at 51.6%.

      2. Cash Flow Condition

      Cash and cash equivalents at the end of the first quarter of the current consolidated fiscal year under review came to JPY121.2 billion, an increase of JPY13.6 billion from the end of the previous consolidated fiscal year. Cash flows for the consolidated cumulative first quarter under review and the factors contributing to increases or decreases in cash flows are as follows.

      (Cash Flow from Operating Activities)

      Cash flow from operating activities increased by JPY4.6 billion during the consolidated cumulative first quarter under review, and declined by JPY7.9 billion year on year. This was mainly due to a greater decrease in notes and accounts payable, while quarterly profit before income taxes increased and a reduction in accounts receivable - trade and contract assets expanded.

      (Cash Flow from Investing Activities)

      In the consolidated cumulative first quarter under review, cash flow from investing activities resulted in a JPY6.2 billion cash outflow. This represented a JPY9.4 billion year-on-year decrease in outflow. This was due to decreased spending on tangible and intangible fixed assets, as well as spending on the acquisition of shares in subsidiaries, which resulted in a change in the scope of consolidation, during the previous fiscal year.

      (Cash Flow from Financing Activities)

      In the cumulative first quarter of the current consolidated fiscal year, cash flow from financing activities resulted in a JPY11.8 billion increase in cash. This represented a JPY4.9 billion year-on-year decrease in inflow. This was partly because the increase in interest-bearing debts slowed down and expenses for the acquisition of treasury shares increased.

   3. ‌Explanation of the Consolidated Earnings Forecast and Other Forward-Looking Estimates

      No change has been made to the consolidated earnings forecast for the fiscal year ending December 31, 2026 that was announced in the financial report dated February 10, 2026.

2. ‌Quarterly Consolidated Financial Statements and Key Explanatory Notes
   1. ‌Quarterly Consolidated Balance Sheets

      (Units: millions of yen)

      	End of Full Year As of December 31, 2025	End of First Quarter As of March 31, 2026
      	Amount	Amount
      Assets
      Current assets
      Cash and deposits	111,072	124,521
      Notes and accounts receivable - trade and contract assets	313,661	291,385
      Inventory assets	328,776	342,203
      Other	35,462	39,372
      Allowance for doubtful accounts	(2,188)	(3,175)
      Total current assets	786,782	794,306
      Fixed assets
      Tangible fixed assets
      Land	112,606	112,927
      Other (net)	260,631	261,861
      Total tangible fixed assets	373,237	374,788
      Intangible fixed assets
      Goodwill	11,045	8,916
      Other	22,037	24,055
      Total intangible fixed assets	33,083	32,971
      Investments and other assets
      Other	132,661	131,550
      Allowance for doubtful accounts	(5,236)	(5,495)
      Total investments and other assets	127,425	126,054
      Total fixed assets	533,745	533,814
      Total assets	1,320,527	1,328,120
      Liabilities
      Current liabilities
      Notes and accounts payable - trade	146,422	126,818
      Short-term loans payable	88,882	103,226
      Current portion of long-term loans payable	8,457	8,407
      Commercial Papers	23,000	32,000
      Provision for bonuses	9,135	15,977
      Provision for construction warranties	12,583	12,823
      Other provision amount	2,252	1,454
      Other	118,785	111,366
      Total current liabilities	409,516	412,070
      Fixed liabilities
      Bonds payable	60,000	60,000
      Long-term debt due after one year	72,364	73,719
      Defined benefit liability	34,709	34,690
      Deferred income taxes on revaluation	20,854	20,854
      Provision amount	51	52
      Other	36,811	37,255
      Total fixed liabilities	224,788	226,570
      Total liabilities	634,304	638,640

      	End of Full Year As of December 31, 2025	End of First Quarter As of March 31, 2026
      	Amount	Amount
      Net assets
      Shareholders' equity
      Capital stock	30,872	30,872
      Capital surplus	24,060	24,060
      Retained earnings	444,590	444,784
      Treasury shares	(11,146)	(14,569)
      Total shareholders' equity	488,376	485,147
      Accumulated other comprehensive income
      Valuation difference on available-for-sale securities	9,011	9,393
      Deferred gains or losses on hedges	(591)	(114)
      Revaluation reserve for land	39,392	39,392
      Foreign currency translation adjustments	104,338	110,868
      Remeasurements of defined benefit plans	41,139	40,210
      Total accumulated other comprehensive income	193,290	199,749
      Non-controlling interests	4,557	4,584
      Total net assets	686,223	689,480
      Total liabilities and net assets	1,320,527	1,328,120

   2. ‌Quarterly Consolidated Income Statements and Quarterly Consolidated Statement of Comprehensive Income

      ‌Quarterly Consolidated Income Statements Three months ended March 31, 2026

      (Units: millions of yen)

      	Previous First Quarter January 1, 2025 to March 31, 2025	Present First Quarter January 1, 2026 to March 31, 2026
      	Amount	Amount
      Net sale	241,536	255,566
      Cost of sales	181,284	188,677
      Gross income	60,253	66,890
      Selling, general and administrative expenses	49,071	53,512
      Operating profit	11,182	13,377
      Non-operating profit
      Interest income	492	383
      Dividend income	71	71
      Other	1,338	1,575
      Total non-operating profit	1,901	2,029
      Non-operating expenses
      Interest expenses	856	1,086
      Foreign exchange loss	2,144	954
      Patent related expenses	333	340
      Other	1,044	1,980
      Total non-operating expenses	4,378	4,360
      Ordinary profit	8,705	11,046
      Extraordinary profit
      Gain on sale of investment securities	1,345	2,240
      Total extraordinary profit	1,345	2,240
      Extraordinary losses
      Impairment loss	126	87
      Total extraordinary losses	126	87
      Profit before income taxes	9,924	13,199
      Income taxes	3,351	5,295
      Profit	6,574	7,904
      Profit attributable to non-controlling interests	79	(9)
      Profit attributable to owners of parent	6,495	7,913

      ‌Quarterly Consolidated Statement of Comprehensive Income Three months ended March 31, 2026

      (Units: millions of yen)

      	Previous First Quarter January 1, 2025 to March 31, 2025	Present First Quarter January 1, 2026 to March 31, 2026
      	Amount	Amount
      Profit	6,574	7,904
      Other comprehensive income
      Valuation difference on available-for-sale securities	(1,090)	383
      Deferred gains or losses on hedges	575	477
      Revaluation reserve for land	(596)	-
      Foreign currency translation adjustments	(14,367)	6,567
      Adjustment to retirement benefits	(488)	(911)
      Share of other comprehensive income of entities accounted for using equity method	(1)	(20)
      Total other comprehensive income	(15,968)	6,497
      Comprehensive income	(9,394)	14,401
      (Breakdown)
      Quarterly comprehensive income attributable to owners of parent	(9,266)	14,373
      Quarterly comprehensive income attributable to non-controlling interests	(127)	28

   3. ‌Consolidated Cash Flows Statement

      (Units: millions of yen)

      	Previous First Quarter January 1, 2025 to March 31, 2025	Present First Quarter January 1, 2026 to March 31, 2026
      Cash flows from operating activities
      Profit before income taxes	9,924	13,199
      Depreciation	9,177	10,229
      Impairment loss	126	87
      Proceeds from sale of investment securities	(1,345)	(2,240)
      Interest and dividend income	(563)	(454)
      Interest expenses	856	1,086
      Increase (decrease) in reserve amount	7,132	7,412
      (Increase) decrease in notes and accounts receivable and contract assets	21,809	27,857
      (Increase) decrease in inventories	(11,093)	(10,523)
      Increase (decrease) in notes and accounts payable	(1,193)	(20,671)
      Other	(16,514)	(16,241)
      Subtotal	18,316	9,742
      Interest and dividends received	482	446
      Interest expenses	(693)	(998)
      Payments for income taxes	(5,652)	(4,605)
      Net cash provided by or used in operating activities	12,452	4,585
      Cash flows from investing activities
      Cash outflow due to the acquisition of tangible and intangible fixed assets	(14,783)	(10,378)
      Cash flow from the sale of tangible and intangible fixed assets	1,081	135
      Cash outflow due to the acquisition of shares in subsidiaries that results in change in scope of consolidation	(3,047)	-
      Purchase of investment securities	(2)	(2)
      Proceeds from the sale of investment securities	1,724	2,520
      (Increase) decrease in short-term loans	36	(2)
      Payments of loans receivable	(2,733)	(2,286)
      Cash flow from loan recoveries	2,253	3,821
      Other	(97)	(2)
      Net cash provided by or used in investing activities	(15,569)	(6,194)
      Cash flows from financing activities
      Net increase (decrease) in short-term loans	5,361	13,601
      Increase (decrease) in commercial papers	18,000	9,000
      Proceeds from long-term debt	3,373	2,000
      Repayments for long-term debt	(1,647)	(843)
      Cash dividends paid	(7,630)	(7,639)
      Payment of dividends to non-controlling stockholders	(1)	(2)
      Acquisition of treasury shares	(1)	(3,459)
      Other	(823)	(905)
      Net cash provided by or used in financing activities	16,631	11,754
      Effect of exchange rate changes on cash and cash equivalents	(2,335)	2,891
      Net increase (decrease) in cash and cash equivalents	11,179	13,035
      Cash and cash equivalents at beginning of year	107,542	107,622
      Increase in cash and cash equivalents due to merger with non-consolidated subsidiaries	-	586
      Decrease in cash and cash equivalents due to deconsolidation	(135)	-
      Cash and cash equivalents at end of quarter	118,586	121,243

   4. ‌Items of Special Note Concerning the Quarterly Consolidated Financial Statements

      ‌(Significant Events or Conditions that Question the Premise of a Going Concern)

      There are no applicable items.

      ‌(Application of Accounting Procedures Specific to Preparation of Quarterly Consolidated Financial Statements)

      (Calculation of tax expenses)

      The effective tax rate expected to be imposed on pretax profit (after tax effect accounting) applicable to the consolidated fiscal year in which the first quarter of the current consolidated fiscal year under review is included was estimated based on reasonable assumptions, and tax expenses were calculated by multiplying the quarterly pretax profit by the estimated effective tax rate.

      ‌(Change in Presentation Method)

      (Related to Consolidated Income Statements)

      "Gain on sale of investment securities," which was included in "Non-operating profit" in the cumulative first quarter of the previous consolidated fiscal year, is presented in "extraordinary profit" starting from the consolidated cumulative first quarter under review, taking into account the increased monetary impact of such gain to the financial statements. To reflect this change in presentation method, consolidated financial statements for the cumulative first quarter of the previous consolidated fiscal year have been restated.

      As a result, JPY1,345 million of "Gain on sale of investment securities," which was stated in "Non-operating profit" in the Consolidated Income Statement for the cumulative first quarter of the previous consolidated fiscal year, is restated as an entry of JPY1,345 million of "Gain on sale of investment securities" under "Extraordinary profit." Consequently, "Ordinary profit" and "Extraordinary profit" came to JPY8,705 million and JPY1,345 million, respectively.

      ‌(Notes regarding Significant Fluctuations to Shareholders' Equity)

      (Acquisition of Treasury Shares)

      According to a resolution adopted at the Board of Directors meeting held on February 10, 2026, the Company acquired 659,500 shares of treasury stock. As a result, the value of treasury shares rose by JPY3,423 million during the consolidated cumulative first quarter under review, reaching JPY14,569 million at the quarter's end. This increase also accounts for factors such as changes in value due to the acquisition of fractional shares.

      *Treasury stock as of the end of the first quarter of the current consolidated fiscal year includes shares of the Company held in the trust account related to the share delivery trust established for the stock compensation plan for directors and others.

      ‌(Notes on Segment Information, etc.) (Segment Information)

      1. Summary of Reporting Segments

         The Group's reporting segments are based on those units within the Group where separate financial information is available and where the Group's Board of Directors periodically deliberates over such matters as the distribution of management resources and the financial performance of such segments.

         The Group formulates a comprehensive international and domestic strategy for individual products and services for the head office and for each consolidated subsidiary, and executes such strategies at the operating level. Consequently, the Group comprises segments that are split by categories of products and services offered by the head office and consolidated subsidiaries. More specifically, the four reporting segments of the Group are "Mechatronics", "Industrial Machinery", "Logistics & Construction", and "Energy & Lifeline".

         Businesses	Main Products
         Mechatronics	Gear reducers, motors, inverters, cryocoolers, precision positioning equipment
         Industrial Machinery	Plastics machinery, film forming machines, precision forgings, semiconductor manufacturing equipment, ion accelerators, medical machines and equipment, forging press machines, air-conditioning equipment, defense equipment
         Logistics & Construction	Hydraulic excavators, mobile cranes, road machinery, material handling systems, logistics systems, automated parking systems
         Energy & Lifeline	Power generation equipment (such as boilers), air pollution control equipment, water and sewage treatment systems, turbines, pumps, mixing vessels, food processing machinery, ships, marine structures

      2. Information on Sales, Profit, and Loss Amounts by Reporting Segment

         Previous First Quarter January 1, 2025 to March 31, 2025

         (Units: millions of yen)

         Segment Item	A	B	C	D	Subtotal	Other1	Total	E2	F3
         Net sales
         Sales to external customers	64,529	48,643	81,541	44,899	239,611	1,925	241,536	-	241,536
         Internal sales between segments or exchanges	596	296	84	634	1,610	802	2,412	(2,412)	-
         Total	65,125	48,939	81,624	45,533	241,221	2,727	243,948	(2,412)	241,536
         Segment profit (loss)	4,762	(432)	3,344	2,964	10,637	546	11,184	(1)	11,182

         Segments:

         A: Mechatronics

         B: Industrial Machinery

         C: Logistics & Construction D: Energy & Lifeline

         E: Adjustments

         F: Amounts recorded in Quarterly Consolidated Income Statements

         Notes:

         1. "Other" represents businesses that are not included in the reporting segments. This includes the Group's real-estate businesses, software-related business, and other businesses.

         2. The segment profit (loss) adjustment of minus JPY1 million is due to the deletion of intersegment transactions.

         3. Segment profits (losses) have been adjusted as compared to the operating profit recorded in the Quarterly Consolidated Income Statement.

            Present First Quarter (January 1, 2026 to March 31, 2026)

            (Units: millions of yen)

            Segment Item	A	B	C	D	Subtotal	Other1	Total	E2	F3
            Net sales
            Sales to external customers	72,426	49,431	90,040	41,796	253,693	1,874	255,566	-	255,566
            Internal sales between segments or exchanges	665	355	61	318	1,400	844	2,244	(2,244)	-
            Total	73,091	49,786	90,102	42,114	255,093	2,717	257,810	(2,244)	255,566
            Segment profit	6,830	567	2,117	3,222	12,737	632	13,368	9	13,377

            Segments:

            A: Mechatronics

            B: Industrial Machinery

            C: Logistics & Construction D: Energy & Lifeline

            E: Adjustments

            F: Amounts recorded in Quarterly Consolidated Income Statements

            Notes:

            1. "Other" represents businesses that are not included in the reporting segments. This includes the Group's

               real- estate businesses, software-related business, and other businesses.

            2. The segment profit (loss) adjustment of minus JPY9 million is due to the deletion of intersegment transactions.

            3. Segment profits have been adjusted as compared to the operating profit recorded in the Quarterly Consolidated Income Statement.

      ‌(Subsequent Events of Significant Importance)

      There are no applicable items.

3. ‌Supplemental Information

(Orders Received, Sales, and Balance of Orders Received, by Segment)

1. Orders Received

   (Units: millions of yen)

   Segment	Previous First Quarter January 1, 2025 to March 31, 2025	Present First Quarter January 1, 2026 to March 31, 2026	Y/Y Change
   	Amount	Amount	Amount	%
   Mechatronics	67,325	78,242	10,916	16.2
   Industrial Machinery	54,417	47,866	(6,551)	(12.0)
   Logistics & Construction	95,432	110,191	14,758	15.5
   Energy & Lifeline	41,396	80,511	39,115	94.5
   Others	1,679	1,630	(49)	(2.9)
   Total	260,250	318,440	58,190	22.4

2. Sales

   (Units: millions of yen)

   Segment	Previous First Quarter January 1, 2025 to March 31, 2025	Present First Quarter January 1, 2026 to March 31, 2026	Y/Y Change
   	Amount	Amount	Amount	%
   Mechatronics	64,529	72,426	7,897	12.2
   Industrial Machinery	48,643	49,431	789	1.6
   Logistics & Construction	81,541	90,040	8,500	10.4
   Energy & Lifeline	44,899	41,796	(3,104)	(6.9)
   Others	1,925	1,874	(52)	(2.7)
   Total	241,536	255,566	14,030	5.8

3. Balance of Orders Received

(Units: millions of yen)