Daikyonishikawa Corp.TSE: 4246

Financial Results Presentation for the Third Quarter of the Fiscal Year Ended March 31, 2026［PDF：2MB］

· Issued by DaikyoNishikawa Corp.

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 Third Quarter of the Fiscal Year Ended March 31, 2026

DaikyoNishikawa Corporation February 2026

©DaikyoNishikawa Corporation All rights reserved.



  1. Q3 FY2025 Financial Results (Year on Year) P.2

  2. Q3 FY2025 Financial Results (Quarterly Trends) P.8

  3. FY2025 Financial Forecast P.12

* "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



  1. Q3 FY2025 Financial Results (Year on Year)



    Summary

Net sales decreased, while all profit categories increased year on year.

Net sales

Although sales increased due to higher production volumes at customers and new orders in the U.S., total net 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 the lower sales impact, actuarial differences in retirement benefits, and increased human capital investment, operating profit grew due to increased sales in the U.S. and foreign-exchange effects in Mexico.

Ordinary profit

Ordinary profit increased due to higher operating profit and the recording of foreign exchange gains.

Net profit

Net profit increased due to higher ordinary profit and lower income taxes.

(Million yen)

FY2024Q3

Cumulative results

FY2025Q3

Cumulative results

Change

Rate of change

Net sales

125,334

123,696

-1,637

-1.3%

Operating profit

6,848

7,947

+1,098

+16.0％

Operating profit margin

5.5%

6.4%

+0.9pts

Ordinary profit

6,626

8,498

+1,871

+28.2%

Net profit

3,829

6,396

+2,567

+67.0%

Exchange rate

(vs. U.S. dollar)

Actual: 151.28 yen

Actual: 148.23 yen

Q3 FY2025 Consolidated Financial Results (Year on Year)



Summary

Although sales increased in the U.S. due to heightened customer production and new orders, total net sales decreased due to lower production by major customers in Japan.

Product sales

Production by major customers in Japan decreased and declined in unit price caused by product mix.

Tool sales

Tool sales decreased in China and Japan.

(Million yen)

123,696

-1,238

・Production volume Global Mazda -3.4%

Domestic Daihatsu +15.8%

・A decline in unit price caused by product mix

-507

-108

+216

・Impact of yen conversions North America: -750 million yen ASEAN: +110 million yen

China and Korea: -150 million yen

・Impact of exchange rate in Mexico

+1,000 million yen

YoY Change

-1,638

125,334

140,000

120,000

100,000

80,000

60,000

40,000

20,000

0

Q3 FY2024

Net Sales

Product sales Tool sales Other sales Impact of exchange rate Q3 FY2025

Net Sales

Q3 FY2025 Factors Behind Changes in Consolidated Net Sales (Year on Year)



Volume and product mix

Summary

Despite the lower sales impact, operating profits increased due to the steady results of cost improvement and the impact of foreign exchange rates in Mexico.

Cost improvement

Decreased due to impact of lower sales in Japan, actuarial differences in retirement benefits, and increased human capital investment. Implemented productivity improvements, energy conservation initiatives, and operational efficiency measures.

(Million yen)

7,947

6,848

・Improving productivity

・Energy-saving activities

・Streamline operations

+1,246

-137

YoY Change

1,098

・Lower sales impact in Japan

・Actuarial differences in retirement benefits

・An increase in human capital investment

+449 ・Impact of yen conversions

North America: -80 million yen

・Impact of exchange rate in Mexico

+1,310 million yen

(MXN appreciation against USD)

-1,171

-1,012

+1,725

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

Q3 FY2024

Operating Profit

Volume and

product mix

Cost improvement Launch cost Depreciation

expenses

Impact of

exchange rate

Other costs Q3 FY2025

Operating Profit

Q3 FY2025 Factors Behind Changes in Consolidated Operating Profit

(Year on Year)



Japan

Net sales decreased due to lower production by major customers and lower tool sales.

North America

Despite lower sales resulting from lower customer production and tool sales in Mexico, net sales increased due to sales growth in the U.S. driven by higher

customer production and new orders for exterior parts.

ASEAN

Despite higher customer production and tool sales in Indonesia, net sales decreased due to lower customer production in Thailand.

China and Korea

Despite new sales from design services in South Korea, net sales decreased due to lower tool sales in China.

(Million yen)

FY2024Q3 Cumulative results

FY2025Q3 Cumulative results

YoY Change

Net sales

Composition ratio

Net sales

Composition ratio

Change

Rate of change

Domestic

Japan

77,649

62.0%

74,834

60.5%

-2,814

-3.6%

Overseas Total

47,685

38.0%

48,861

39.5%

+1,176

+2.5%

Overseas

North America

33,932

27.1%

36,362

29.4%

+2,429

+7.2%

ASEAN

8,233

6.6%

8,076

6.5%

-156

-1.9%

China and Korea

5,519

4.4%

4,423

3.6%

-1,096

-19.9%

Total

125,334

100.0%

123,696

100.0%

-1,637

-1.3%

Q3 FY2025 Sales by Segments (Year on Year)



Japan

Operating profit decreased due to impact of lower sales, actuarial differences in retirement benefits, and increased human capital investment with an eye toward sustainable growth.

North America

Operating profit increased due to sales growth in the U.S. and foreign-exchange effects in Mexico, despite lower sales in Mexico.

ASEAN

Operating profit decreased due to lower sales impact in Thailand and lump-sum recording of development costs in Indonesia.

China and Korea

Operating profit increased mainly due to Increased revenue effect in design services in South Korea, despite lower tool sales impact in China.

(Million yen)

FY2024Q3Cumulative results

FY2025Q3 Cumulative results

YoY Change

Operating profit

Composition

ratio

Operating profit

Composition

ratio

Change

Rate of change

Domestic

Japan

4,948

68.0%

2,443

33.0%

-2,504

-50.6%

Overseas Total

2,324

32.0%

4,952

67.0%

+2,627

+113.1%

Overseas

North America

1,607

22.1％

4,445

60.1%

+2,837

+176.5%

ASEAN

690

9.5％

467

6.3%

-223

-32.4%

China and Korea

25

0.4％

39

0.5%

＋14

＋55.1％

Segment total

7,272

100.0%

7,395

100.0%

＋123

＋1.7%

Consolidation adjustment

-423

551

+975

Consolidated operating profit

6,848

7,947

＋1,098

＋16.0%

Q3 FY2025 Operating Profit by Segment (Year on Year)



  1. Q3 FY2025 Financial Results (Quarterly Trends)



    Summary

Sales and profits increased in Q3 compared to Q2.

Net sales

Increased due to heightened production by major customers in Japan.

Operating profit

Increased due to higher sales and a decrease in development costs compared to the second quarter.

Ordinary profit

Increased due to higher operating profit.

Net profit

Increased due to higher ordinary profit.

(Million yen)

FY2024

FY2025

Change

FY25Q3/FY25Q2

Rate of change

FY25Q3/FY25Q2

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Net sales

40,568

42,930

41,835

43,226

42,092

39,604

41,999

＋2,395

+6.0%

Operating profit

2,675

3,016

1,156

3,156

2,713

2,121

3,112

＋990

+46.7%

Operating profit margin

6.6%

7.0%

2.8%

7.3%

6.4%

5.4％

7.4%

＋2.1pts

Ordinary profit

3,357

1,975

1,292

3,062

2,873

2,362

3,262

＋899

+38.1%

Net profit

2,331

922

575

2,668

1,997

1,898

2,501

＋603

+31.8%

Q3 FY2025 Consolidated Financial Results (Quarterly Trends)



Japan

Net sales increased due to heightened production by major customers.

North America

Net sales decreased due to lower customer production in Mexico, despite higher tool sales and others in the U.S.

ASEAN

Net sales increased due to heightened production by major customers and tool sales growth.

China and Korea

Net sales increased due to higher sales from the design business in South Korea and transactions with affiliated companies.

(Million yen)

FY2024

FY2025

Change

FY25Q3/FY25Q2

Rate of change

FY25Q3/FY25Q2

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Domestic

Japan

24,826

26,297

26,525

26,142

23,920

24,530

26,383

+1,852

+7.6%

Overseas Total

15,741

16,632

15,310

17,084

18,171

15,073

15,616

+542

+3.6%

Overseas

North America

11,615

11,648

10,667

12,375

13,971

11,230

11,160

-69

-0.6%

ASEAN

2,633

2,506

3,093

2,574

2,770

2,386

2,919

+533

+22.4%

China and Korea

1,492

2,478

1,548

2,134

1,430

1,457

1,535

+78

+5.4%

Total

40,568

42,930

41,835

43,226

42,092

39,604

41,999

＋2,395

+6.0%

Q3 FY2025 Sales by Segment (Quarterly Trends)



Japan

Operating profit increased due to higher sales and one-off cost recovery effect .

North America

Despite the impact of a decline in sales, operating profit increased due to a decrease in development costs compared to the second quarter.

ASEAN

Operating profit increased due to a decrease in development costs in Indonesia compared to the second quarter.

China and Korea

Operating profit decreased due to product mix and an increase in mass production preparation costs for new products.

(Million yen)

FY2024

FY2025

Change

FY25Q2/FY25Q1

Rate of change

FY25Q2/FY25Q1

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Domestic

Japan

1,611

1,968

1,368

1,849

401

855

1,186

+330

+38.7%

Overseas

Total

1,232

1,217

-125

1,079

1,889

1,241

1,821

+580

+46.8%

Overseas

North

America

1,117

787

-296

1,349

1,609

1,197

1,637

+440

+36.7%

ASEAN

237

81

371

-146

247

22

197

+174

+767％

China

and Korea

-122

347

-200

-123

32

20

-13

-33

ー

Segment total

2,844

3,185

1,242

2,928

2,290

2,096

3,008

+911

+43.5%

Consolidation

adjustment

-168

-169

-86

227

423

24

103

+79

Consolidated

operating profit

2,675

3,016

1,156

3,156

2,713

2,121

3,112

+990

+46.7%

Q3 FY2025 Operating Profit (Loss) by Segment (Quarterly Trends)



  1. FY2025 Financial Forecast



Revising consolidated earnings forecast announced on November 6, 2025: expecting higher sales and profits compared to previous forecast.

Operating profit

Operating profit is expected to increase, driven by the impact of higher sales and foreign-exchange effects in Mexico, in addition to steady results of planned cost improvements.

Net sales

The risk of production cuts due to the semiconductor supply chain was lower than expected, and as a result, expect to exceed the previous forecast.

Ordinary profit

Ordinary profit is expected to increase mainly due to an increase in operating profit and the recording of foreign-exchange gains.

(Million yen)

FY2024

FY2025

YoY Change

Full-year Cumulative results

Q3

Cumulative results

Full-year Forecast

Announced on November 6

Announced on February 12

Change

Rate of change

Net sales

168,561

123,696

162,000

164,800

+2,800

+1.7%

Operating profit

10,004

7,947

7,900

8,800

+900

+11.4%

Operating profit margin

5.9%

6.4%

4.9%

5.3%

+0.4Pts

Ordinary profit

9,688

8,498

8,100

9,300

+1,200

+14.8%

Net profit

6,498

6,396

6,200

6,900

+700

+11.3%

Exchange rate (vs. U.S. dollar)

Actual: 151.57 yen

Actual: 148.23 yen

Q3 Actual: 148.23 yen Q4 forecast: 144.00 yen

Actual: 149.71 yen

FY2025 Financial Forecast



+1,505

-136

・Production volume Global Mazda +1.1%

Domestic Daihatsu +2.1%

+383

・An increase in

prototype sales

+1,048

・Impact of yen conversions

+940 million yen

・Foreign-exchange effects in Mexico

+100 million yen

change

+2,800

164,800

162,000

(Million yen)

180,000

160,000

140,000

120,000

Previous forecast

100,000

80,000

60,000

40,000

20,000

0

FY2025

Net Sales

Product sales Tool sales Other sales Impact of exchange rate FY2025

Net Sales

（Previous forecast） （Latest forecast）

FY2025 Factors Behind Changes in Consolidated Net Sales

(vs. previous forecasts)



(Million yen) ・Impact of yen conversions

8,800

7,900

  • Reduction in quality assurance costs

  • Change the depreciation

start month

・Revenue-increasing effect

+230

change

+900

・Foreign-exchange effects in Mexico

+170 million yen

+351

+301

  • Increase in mass production preparation costs for new products

-224

0

+242

+50 million yen

Previous forecast

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

FY2025

Operating Profit

Volume and product mix

Cost improvement Launch cost Depreciation

expenses

Impact of exchange rate

Other costs FY2025 Operating Profit

（Previous forecast） （Latest forecast）

FY2025 Factors Behind Changes in Consolidated Operating Profit

(vs. previous forecasts)



Considering semiconductor supply chain risks, etc..

(Billion yen)

168.5

Net sales Operating profit

162.0

164.8

Segment

As of November 6

(vs. previous forecasts)

Factors behind changes (vs. previous forecasts)

Japan

Higher sales and profit

  • Sales: Increase due to heightened production

  • Profit: Increase due to increased sales and reduced depreciation expenses

North America

Higher sales and profit

  • Sales: Despite a decrease in customer production volume, sales increase due to the foreign-exchange effects

  • Profit: Increase due to foreign-exchange effects in Mexico

ASEAN

Higher sales and lower profit

  • Sales: Increase due to increased customer production volume and exchange rate effects

  • Profit: Decrease due to mass production preparation costs

China and Korea

Increased revenue and return to profitability

  • Sales: Increase due to product mix and exchange rate effects

  • Profit: Increase due to higher sales and lower than expected costs for preparing for mass production of new products

(Billion yen)

10.0

7.9

8.8

FY2024

FY2025 FY2025

FY2024

FY2025 FY2025

(Actual)

(As of Nov. 6)

(As of Feb. 12)

(Actual)

(As of Nov. 6)

(As of Feb. 12)

Domestic Overseas

Domestic Overseas

FY2025 Forecasts by Segment (Year on Year)



≪Capital investment≫ ≪Depreciation expenses≫ ≪R&D expenses≫

FY2025 forecast

Revised downward from previous forecast (12.1 billion yen) mainly due to change in investment timing.

FY2025 forecast

Revised downward from previous forecast (11.1 billion yen) due to change in commencement month of depreciation.

FY2025 forecast

Strengthening research and development to create products that exceed the expectations of society and customers.

Renewal and streamline of facilities

5.0 billion yen

ESG related

4.1 billion yen

Others

0.4 billion yen

Breakdown of FY2025

(Billion yen)

(Billion yen)

Forecast as of Nov. 6

11.1

Initial 10.9

(Billion yen)

Full-year

3.1

Forecast as of Nov. 6

12.1

17.0

16.3

Full-year 9.5

・Increased for the headquarters/Honsha plant and the U.S. plant facility.

8.2

9.0

4.8

Actual 6.0

10.5

10.8

11.8

11.3

10.8

Actual 7.7

2.6

3.0

2.4

2.8

2.7

Actual 2.3

・Increase in the

U.S. plant

FY20 FY21 FY22 FY23 FY24 FY25

FY20 FY21 FY22 FY23 FY24 FY25

FY20 FY21 FY22 FY23 FY24 FY25

(Forecast) (Forecast) (Forecast)

Capital Investment, Depreciation Expenses, and R&D Expenses



DOE3.0%

Dividends



30% Dividends

Stable dividend with a lower limit

Class of shares acquired:

Common shares

Total number of shares acquired:

2,898,600 shares

Total amount of share acquisition costs:

1,999 million yen

Acquisition period

(on a trade date basis):

From May 14, 2025

to August 25, 2025

Class of shares acquired:

Common shares

Total number of shares acquired:

2,505,200 shares

Total amount of share acquisition costs:

2,034 million yen

Acquisition period

(on a trade date basis):

On January 9, 2026

00.0%

00.0%

.0%

00.0%

00.0%

00.0%

00.0%

Purchase of treasury stock

Policy

Execute as appropriate in light of financial conditions and medium-to long-term demand for funds.

Implement share buybacks

  • September ,2025

  • January ,2026



Shareholder Returns



(Actual)

19

Dividend Policy

  • A minimum consolidated dividend on equity (DOE) of 3.0% and a target consolidated
dividend payout ratio of around 30%.

Dividends

Dividend payout ratio

Returning profits to shareholders is a key management priority, and our basic policy is to provide stable and continuous dividends.

Net profit

Dividends and

Payout Ratio

411.2%

2

2.8%

39.3%

39.4%

1

2.8%

3.0%

0

2.9%

32

+4 yen

36

+2 yen

38

-1

30

30

+2 yen

17

19

(Forecast)

19

-2

15

15

-3

15

15

15

17

-4

FY2021

FY2022

FY2023

Interim dividend per share (yen)

Consolidated dividend payout ratio (%)

FY2024

Year-end dividend per share (yen) DOE(%)

FY2025

* FY2023 year-end dividends per share include a commemorative dividend of 2 yen.





[Important Information]

This presentation material contains certain statements describing the future plans, strategies, and performance of DaikyoNishikawa Corporation and its consolidated subsidiaries. These statements are not based on historical or present fact, but rather assumptions and estimates based on information currently available. These future plans, strategies, and performances are subject to known and unknown risks, uncertainties, and other factors. DaikyoNishikawa Corporation's actual performance, business activities, and financial position may differ materially from the assumptions and estimates provided on account of the risks, uncertainties, and other factors.

The information contained on this presentation should not be considered as an offer, or solicitation, to deal in any of the investments or funds.

[Contact]

IR Group, Corporate Planning Department , Corporate Planning Division, DaikyoNishikawa Corporation



Phone: +81-82-493-5610



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