Note: This material has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated material and the Japanese original, the original shall prevail.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ended March 31, 2026
©DaikyoNishikawa Corporation All rights reserved.
Q2 FY2025 Financial Results (Year on Year) P.2
FY2025 Financial Forecast P.8
Progress of the FY2027 Medium-term Management Plan P.15
* "Net profit" in this presentation indicates "Profit attributable to owners of the parent".
Overseas consolidated subsidiaries for the second quarter of the fiscal year under review is from January 1 to June 30.
Table of Contents
Q2 FY2025 Financial Results (Year on Year)
Summary
Net sales | Although sales increased due to higher production volumes at customers and new orders in the U.S., sales decreased due to lower production volumes at major customers and a decline in unit price caused by product mix in Japan. |
Operating profit | Despite cost improvement effects, operating profit decreased due to lower sales impact, actuarial differences in retirement benefits, and an increase in human capital investment with a view to sustainable growth. |
Ordinary profit | Although foreign exchange gains were recorded, operating profit decreased, leading to lower overall profit. |
Net profit | Increased due to a decrease in corporate taxes, etc. |
(Million yen)
FY2024Q2 Actual | FY2025Q2 Actual | Change | Rate of change | |
Net sales | 83,499 | 81,697 | -1,802 | -2.2% |
Operating profit | 5,692 | 4,835 | -856 | -15.1％ |
Operating profit margin | 6.8% | 5.9% | -0.9pts | |
Ordinary profit | 5,333 | 5,235 | -97 | -1.8% |
Net profit | 3,254 | 3,895 | +641 | +19.7% |
Exchange rate (vs. U.S. dollar) | Actual: 152.24 yen | Actual: 148.60 yen |
Q2 FY2025 Consolidated Financial Results (Year on Year)
Summary
Product sales | Decreased due to lower production volumes of major customers and a decline in unit price due to product mix in Japan. |
Tool sales | Decreased due to lower tool sales in Japan and China. |
83,499
-1,075
-125
+146
-749
YoY Change
-1,802
・Production volume Global Mazda -4.9%
Domestic Daihatsu +23.2%
・A decline in unit price caused by product mix
・Impact of yen conversions North America: -610 million yen ASEAN: +40 million yen
China and Korea: -120 million yen
・Impact of exchange rate in Mexico
-50 million yen
81,697
(Million yen)
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
Q2 FY2024
Net Sales
Product sales Tool sales Other sales Impact of exchange rate Q2 FY2025
Net Sales
Q2 FY2025 Factors Behind Changes in Consolidated Net Sales (Year on Year)
Summary
Volume and product mix | Decreased due to lower sales impact, actuarial differences in retirement benefits, and an increase in human capital investment. |
Cost improvement | We implemented productivity improvements, energy conservation initiatives, and operational efficiency measures. |
(Million yen)
5,692
4,835
・Improving productivity
・Energy-saving activities
・Streamline operations
+204
-73
YoY Change
-856
+473
・Lower sales impact in Japan
・Actuarial differences in retirement benefits
・An increase in human capital investment
・Impact of yen conversions
-60 million yen
・Impact of exchange rate in Mexico
+260 million yen
(Peso appreciation against the dollar)
-588
+929
-1,802
6,000
5,000
4,000
3,000
2,000
1,000
0
Q2 FY2024
Operating Profit
Volume and
product mix
Cost improvement Launch cost Depreciation
expenses
Impact of
exchange rate
Other costs Q2 FY2025
Operating Profit
Q2 FY2025 Factors Behind Changes in Consolidated Operating Profit
(Year on Year)
Japan
Sales decreased due to lower production volumes at major customers and a decline in unit price per vehicle caused by product mix effects.
North America | Although sales decreased due to lower customer production volume and tool sales in Mexico, sales increased due to higher customer production volumes and an increase in both unit price and tool sales driven by new orders for exterior parts in the U.S. |
ASEAN | Sales increased due to higher customer production volume and tool sales in Indonesia, despite lower customer production volume in Thailand. |
China and Korea | Sales decreased due to lower tool sales in China, despite an increase in new sales from design services in South Korea. |
(Million yen)
FY2024Q2 Actual | FY2025Q2 Actual | YoY Change | |||||
Net sales | Composition ratio | Net sales | Composition ratio | Change | Rate of change | ||
Domestic | Japan | 51,124 | 61.2% | 48,451 | 59.3% | -2,672 | -5.2% |
Overseas Total | 32,374 | 38.8% | 33,245 | 40.7% | +870 | +2.7% | |
Overseas | North America | 23,264 | 27.9% | 25,201 | 30.8% | +1,936 | +8.3% |
ASEAN | 5,139 | 6.2% | 5,156 | 6.3% | +16 | +0.3% | |
China and Korea | 3,970 | 4.8% | 2,887 | 3.5% | -1,082 | -27.3% | |
Total | 83,499 | 100.0% | 81,697 | 100.0% | -1,802 | -2.2% | |
Q2 FY2025 Sales by Segments (Year on Year)
Japan
Operating profit decreased due to lower sales impact, actuarial differences in retirement benefits, and an increase in human capital investment.
North America | Operating profit increased due to sales growth in the U.S. and exchange rate impact in Mexico, despite lower sales impact in Mexico. |
ASEAN | Operating profit decreased due to lower sales impact in Thailand and the lump-sum recording of development costs in Indonesia. |
China and Korea | Operating profit decreased due to lower tool sales impact in China. |
(Million yen)
FY2024Q2 Actual | FY2025Q2 Actual | YoY Change | |||||
Operating profit | Composition ratio | Operating profit | Composition ratio | Change | Rate of change | ||
Domestic | Japan | 3,579 | 59.4% | 1,256 | 28.6% | -2,323 | -64.9% |
Overseas Total | 2,450 | 40.6% | 3,130 | 71.4% | +680 | +27.8% | |
Overseas | North America | 1,904 | 31.6％ | 2,807 | 64.0% | +902 | +47.4% |
ASEAN | 319 | 5.3％ | 269 | 6.2% | -49 | -15.6% | |
China and Korea | 225 | 3.7％ | 52 | 1.2% | -172 | -76.6％ | |
Segment total | 6,029 | 100.0% | 4,387 | 100.0% | -1,642 | -27.2% | |
Consolidation adjustment | -337 | 447 | +785 | ||||
Consolidated operating profit | 5,692 | 4,835 | -856 | -15.1% | |||
Q2 FY2025 Operating Profit by Segment (Year on Year)
FY2025 Financial Forecast
We revised consolidated earnings forecast announced on May 13; expects lower sales and higher profits compared to previous forecast.
Operating profit
Despite the impact of lower sales, profits are expected to increase, driven by favorable exchange rate impact in Mexico, higher recoveries from shorter recovery periods for tool costs, and the steady implementation of planned cost improvement activities to offset the impact of U.S. tariffs.
Net sales
Based on customers' recent production trends, the U.S. tariffs, and semiconductor supply chain risks, sales are expected to decline.
Ordinary profit
Ordinary profit is expected to increase due to growth in operating profit and the recognition of foreign exchange gains, etc.
(Million yen)
FY2024 | FY2025 | |||||
Full-year Actual | Q2 Actual | Full-year Forecast | YoY Change | |||
Announced on May 13 | Announced on November 6 | Change | Rate of change | |||
Net sales | 168,561 | 81,697 | 165,800 | 162,000 | -3,800 | -2.3% |
Operating profit | 10,004 | 4,835 | 7,100 | 7,900 | +800 | +11.3% |
Operating profit margin | 5.9% | 5.9% | 4.3% | 4.9% | +0.6Pts | |
Ordinary profit | 9,688 | 5,235 | 6,900 | 8,100 | +1,200 | +17.4% |
Net profit | 6,498 | 3,895 | 5,200 | 6,200 | +1,000 | +19.2% |
Exchange rate (vs. U.S. dollar) | Actual: 151.57 yen | Actual: 148.60 yen | Forecast: 144 yen | Q3 Actual: 148.23 yen Q4 forecast: 144 yen |
FY2025 Financial Forecast