Daihatsu Infinearth Mfg : FY 2026 The First Quarter Financial Results (full text)

July 30, 2025

Company name: DAIHATSU INFINEARTH MFG.CO.,LTD.

Stock exchange listing: Tokyo Stock Exchange Code number: 6023

URL: https://www.d-infi.com Representative: Yoshinobu Hotta, President

Contact: Takashi Mizushina, Managing Director Phone: +81-6-6454-2331

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on financial results: Available Schedule of financial results briefing session: Not scheduled

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025)

   1. Consolidated Operating Results (% indicates changes from the previous corresponding period.)

      	Net sales		Operating	profit	Ordinary	profit	Profit attributable to owners of parent
      Three months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      June 30, 2025	20,980	3.0	1,487	(4.3)	1,483	(18.0)	1,172	(11.3)
      June 30, 2024	20,369	15.6	1,555	245.1	1,809	174.2	1,321	182.8

      (Note) Comprehensive income: Three months ended June 30, 2025: 1,126 million yen [(14.6)%]

      Three months ended June 30, 2024: 1,320 million yen [166.2%]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	46.15	-
      June 30, 2024	41.75	-

   2. Consolidated Financial Position

   	Total assets	Net assets	Equity ratio
   As of June 30, 2025 As of March 31, 2025	Million yen 96,628 96,107	Million yen 43,758 44,206	% 45.2 45.9

   (Reference) Equity: As of June 30, 2025: 43,699 million yen

   As of March 31, 2025: 44,153 million yen

2. Dividends

   	Annual dividends
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026	Yen - -	Yen 0.00	Yen -	Yen 62.00	Yen 62.00
   Fiscal year ending March 31, 2026 (Forecast)		0.00	-	62.00	62.00

   (Note) Revision to the forecast for dividends announced most recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 to March 31, 2026)

(% indicates changes from the previous corresponding period.)

(Note) Revision to the financial results forecast announced most recently: None

1. Significant changes in the scope of consolidation during the period: No

2. Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No

3. Changes in accounting policies, changes in accounting estimates and retrospective restatement

   1. Changes in accounting policies due to the revision of accounting standards: No

   2. Changes in accounting policies other than 1) above: No

   3. Changes in accounting estimates: No

   4. Retrospective restatement: No

4. Total number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): June 30, 2025: 31,850,000 shares

      March 31, 2025: 31,850,000 shares

   2. Total number of treasury shares at the end of the period: June 30, 2025: 6,450,625 shares

      March 31, 2025: 6,450,625 shares

   3. Average number of shares during the period:

Three months ended June 30, 2025: 25,399,375 shares

Three months ended June 30, 2024: 31,649,132 shares

• Review of the Japanese-language originals of the attached quarterly consolidated financial statements by a certified public accountant or audit corporation: None

• Explanation of the proper use of financial results forecast and other notes

The financial results forecasts and other forward-looking statements herein are based on information and certain assumptions deemed reasonable as of the date of publication of this document. Actual results may differ significantly from these forecasts due to a wide range of factors. Please refer to “Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information” on page 3 of the attached material for the assumptions the financial results forecasts are based on, and notes on their use.

Table of Contents

1. Summary of Operating Results, etc 2

   1. Summary of Operating Results for the Period under Review 2

   2. Summary of Financial Position for the Period under Review 3

   3. Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information 3

2. Quarterly Consolidated Financial Statements and Primary Notes 4

   1. Quarterly Consolidated Balance Sheets 4

   2. Quarterly Consolidated Statements of Income and Comprehensive Income 6

   3. Notes to the Quarterly Consolidated Financial Statements 8

      (Notes on going concern assumption) 8

      (Notes in the case of significant changes in shareholders’ equity) 8

      (Notes on consolidated statements of cash flows) 8

      (Notes on segment information, etc.) 9

3. Supplementary Information 10

   1. Status of Production, Orders Received, and Sales 10

1. Summary of Operating Results, etc.

1. Summary of Operating Results for the Period under Review

   During the three months under review (from April 1, 2025 to June 30, 2025), the Japanese economy was on a gradual recovery trend due to improvements in the employment and income environments, despite sluggish consumer spending caused by soaring commodity prices and other factors. Meanwhile, the situation remained uncertain against a backdrop of the emergence of geopolitical risks and a sense of uncertainty over the outlook for the U.S. trade policies.

   Looking at the world economy, economic growth has been slowing, particularly in developed countries, although the overall inflation rate was on a declining trend. Furthermore, heightened protectionist trade policies by the United States have increased uncertainty in the trade and investment environment. China’s economy remained stagnant, and a gradual recover trend was seen in Europe. Meanwhile, the situation remained unstable due to the risk of an economic slowdown stemming from tariff negotiations with the United States.

   In the shipbuilding and maritime industry, the primary industry in which the Company makes its sales, the market generally remained on an upward trend against a backdrop of the global increase in ocean cargo volumes. Accordingly, orders for new vessels showed a significant recovery trend, and shipbuilding companies have ensured a sufficient amount of work on hand, driven by an increase in orders.

   Under such a corporate environment, the Group’s sales have remained strong for small- and medium-sized engines mainly for tankers and bulk carriers, while there has been a continued solid demand for maintenance.

   As a result, net sales for the three months under review increased by 3.0% year-on-year to 20,980 million yen. In terms of profit, operating profit decreased by 4.3% year-on-year to 1,487 million yen, ordinary profit decreased by 18.0% year-on-year to 1,483 million yen, and profit attributable to owners of parent decreased by 11.3% year-on-year to 1,172 million yen.

   Performance by business segment of the Company and the consolidated Group are as follows.

   1. Marine-use

      Net sales increased by 1.7% year-on-year to 18,694 million yen and segment income increased by 9.6% year-on-year to 2,700 million yen, due to increases in sales of engines and maintenance-related sales, an effect of fluctuation of foreign exchange rates, and other factors.

   2. Land-use

      Net sales increased by 6.6% year-on-year to 1,229 million yen and segment loss of 239 million yen was recorded (a segment loss of 94 million yen in the previous corresponding period) due to deterioration of the profitability and other factors despite an increase in sales of engines.

      Consequently, net sales for the segment increased by 2.0% year-on-year to 19,923 million yen, and segment income increased by 3.9% year-on-year to 2,461 million yen.

      1. Industrial machinery-related

         In the aluminum wheel division, both net sales and segment income increased due to an increase in sales volume.

      2. Real estate leasing-related

         In real estate leasing-related, net sales increased slightly and segment income increased.

      3. Electricity sales-related

         In electricity sales-related, net sales increased while segment income decreased.

      4. Precision parts-related

      In precision parts-related, net sales increased while segment income decreased.

      Consequently, net sales for the segment increased by 27.2% year-on-year to 1,056 million yen, and segment

      income increased by 0.3% year-on-year to 78 million yen.

2. Summary of Financial Position for the Period under Review

   In assets as of the end of the first quarter under review, cash and deposits increased by 3,300 million yen from the end of the previous fiscal year. Inventories rose by 586 million yen from the end of the previous fiscal year. Meanwhile, due to progress made in collection of trade receivables at the end of the previous fiscal year, notes and accounts receivable - trade, and contract assets decreased by 2,081 million yen. Other items under current assets decreased by 1,162 million yen mainly due to a decrease in consumption taxes refund receivable. As a result, total assets increased by 520 million yen from the end of the previous fiscal year to 96,628 million yen.

   In liabilities, notes and accounts payable - trade and electronically recorded obligations - operating in total increased by 819 million yen from the end of the previous fiscal year. Other items under current liabilities increased by 2,792 million yen mainly due to an increase in advances received. Meanwhile, income taxes payable decreased by 1,089 million yen due to tax payments, accrued expenses decreased by 792 million yen, and provision for bonuses decreased by 668 million yen. As a result, total liabilities increased by 968 million yen from the end of previous fiscal year to 52,869 million yen.

   In net assets, retained earnings decreased by 402 million yen mainly due to dividends paid. As a result, total net assets decreased by 447 million yen from the end of the previous fiscal year to 43,758 million yen. The equity ratio at the end of the first quarter under review decreased by 0.7 points from the end of the previous fiscal year to 45.2%.

3. Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information

As to the consolidated financial results forecast for the fiscal year ending March 31, 2026, no revisions have been made to the forecast announced on April 28, 2025.

The forecasts stated herein are based on information available to the Company as of the date of publication of this document. Actual results may differ from these forecasts due to a wide range of factors that may arise in the future.