April 27, 2026
FY2025 Consolidated Financial Results〔IFRS〕(April 1, 2025 through March 31, 2026)(English translated from the original Japanese document)
Company Name: EXEDY Corporation Listing:Tokyo Stock Exchange
Code No.: 7278 URL: https://www.exedy.com Representative: Tetsuya Yoshinaga, Representative Director, President
Contact Person: Hiroshi Toyohara, Representative Director, Senior Executive Managing Officer, Executive General Manager of Corporate Strategy Promotion Headquarters
Telephone: +81-72-822-1152
Scheduled Date for the General Shareholders Meeting: June 19, 2026 Scheduled Date to commence dividend payments: June 22, 2026
Scheduled Filing Date for Annual Securities Report on EDINET: June 15, 2026 Preparation of supplementary material on Financial Results: Yes
Holding of financial results briefing: Yes (For Analysts and professional investors)
(Note: All amounts less than one million yen are rounded off)
Consolidated Financial Results for the FY2025 (April 1, 2025 to March 31, 2026)
Consolidated Operating Results (cumulative) (Percentage of change from previous year)
Revenue
Operating Profit
Profit before Tax
Profit
Profit Attributable to Owners of Parent
Total Comprehensive
Income
Million Yen
%
Million Yen
%
Million Yen
%
Million Yen
%
Million Yen
%
Million Yen
%
FY2025
303,933
(1.8)
22,230
1.8
23,649
15.9
15,626
11.6
13,680
7.3
24,707
74.4
FY2024
309,564
0.4
21,845
-
20,405
-
14,007
-
12,744
-
14,166
-
Basic Earnings per Share
Diluted Earnings per Share
Ratio of Profit
to Equity Attributable to Owners of Parent
Ratio of Income before Income Taxes
to Total Assets
Ratio of Operating Profit
to Revenue
yen
yen
%
%
%
FY2025
374.31
374.31
7.3
7.6
7.3
FY2024
304.13
304.13
6.4
6.5
7.1
(Reference) Equity in Earnings(Loss) of Affiliates is ¥ (203) million for FY2025 and ¥ (588) million for FY2024.
(Note)In the current consolidated accounting period, the Company finalized the provisional accounting treatment for the business combination.
Consolidated Financial Position
Total Assets
Total Equity
Equity Attributable to Owners of Parent
Ratio for Equity Attributable
to Owners of Parent
Equity per Share Attributable
to Owners of Parent
Million Yen
Million Yen
Million Yen
%
yen
FY2025
320,103
208,272
192,711
60.2
5,274.06
FY2024
303,912
194,268
180,478
59.4
4,927.00
Consolidated Cash Flows
Cash Flows
from Operating Activities
Cash Flows
from Investing Activities
Cash Flows
from Financing Activities
Balance of Cash and Cash Equivalents at End of Period
millions of yen
millions of yen
millions of yen
millions of yen
FY2025
FY2024
40,567
31,495
(20,093)
(8,724)
(16,962)
(28,720)
74,473
68,160
Dividends
Annual Dividends per Share
Dividends (Total)
Payout Ratio (Consolidate)
Ratio of Dividend to Equity Attributable
to Owners of Parent
1st Quarter
2nd Quarter
3rd Quarter
Fiscal Year-end
Total
yen
yen
yen
yen
yen
millions of yen
%
%
FY2024
-
100.00
-
150.00
250.00
9,692
82.2
5.2
FY2025
-
150.00
-
150.00
300.00
10,982
80.1
5.9
FY2025(Forecast)
-
175.00
-
175.00
350.00
89.3
FY2026 Consolidated Financial Forecast (April 1, 2026 to March 31, 2027)
(Percentage of change from previous year)
Revenue
Operating Profit
Income before Income Taxes
Profit Attributable to Owners of Parent
Basic Earnings Per Share
millions of yen
%
millions of yen
%
millions of yen
%
millions of yen
%
yen
FY2026
305,000
0.4
24,500
10.2
23,000
(2.7)
14,000
2.3
391.72
(Note) The Consolidated Financial Forecast does not include the impact from escalation of tensions in the Middle East.
Note : This document has been t ranslated from the Japanese original for reference purposes only. In the event of any discrepancy between this t ranslated document and the Japanese original, the original shall prevail.
※ General Notes
Significant changes in the scope of consolidation during the period: None
Changes in Accounting Policies, Accounting Estimations
① Changes in accounting policies required by IFRS ：None
② Changes in accounting policies except ① ：None
③ Changes in accounting estimates ：None
(Note) For the details, refer to p.12 “3. Consolidated Financial Statements and Principal Notes (5) Notes on Consolidated Financial Statements””
FY2025 Q4
48,593,736 shares
FY2024 Q4
48,593,736 shares
FY2025 Q4
12,054,346 shares
FY2024 Q4
11,963,329 shares
FY2025 Q4
36,547,480 shares
FY2024 Q4
41,901,529 shares
Number of Outstanding Shares (Ordinary shares)
①Number of shares outstanding at the end of period (including treasury shares)
②Number of treasury shares at the end of period
③Average number of ordinary shares outstanding during the period
(Note) The shares held within the ESOP trust accounts (FY2025: 59,400 shares, FY2024: 71,200 shares) are included in the number of Treasury Shares at the end of period. Furthermore, the shares held within the ESOP trust accounts are included in Treasury Shares that are deducted in the calculation of the average number of shares for the period. (FY2025: 63,492 shares, FY2024: 74,662 shares)
※ This Financial Results are not subject to audit by certified accountants or audit corporations.
※ Regarding the appropriate use of Financial forecasts and other information (Note: statement regarding forward-looking statements, etc.)
The above forecast is based on the information available, or the assumptions which the company thinks reasonable as
of the release of this report. Actual results might be different from the above estimates due to subsequent changes in circumstances. Regarding notes of usage and performance forecast assumptions, please refer to attachment p.3,
Overview of Operating Results etc. (4) Forward-Looking Information.
(Availability of the financial results presentation materials)
The Company plans to hold an analyst meeting on Tuesday, April 28, 2026. The materials and video of this presentation will be posted on the Company's website after the meeting.
Table of Contents of Attachments
Overview of Operating Results etc. …………………………………………………………………………………… 2
Overview of Operating Results for Current Period……………...……………………………………………… 2
Overview of Financial Position for Current Period...…………………………………………………………… 3
Overview of Cash Flow for the Current Period…………………………………………………………………. 3
Forward-Looking Information……………………………………………………………………………………… 3
Basic Way of Thinking Regarding to Selection of Accounting Standard……………………………………………. 4
Consolidated Financial Statements and Principal Notes……………………………………………………………... 5
Consolidated Statement of Financial Position…………………………………………………………………… 5
Consolidated Statement of Income/Consolidated Statement of Comprehensive Income ………………… 7
Consolidated Statement of Changes in Equity……………………………………………………………….… 9
Consolidated Statement of Cash Flow………………………………………………………………………… 11
Notes on Consolidated Financial Statements 12
(Notes for Going Concern) …………………………………………………………………….………………….……… 12
(Change of Accounting Policy) …………………………………………………………………………………………… 12
(Segment Information) …………………………………………………………………………………………….……… 12
(Per Share Information) …………………………………………………………………………………………………… 13
(Significant Subsequent Events) …………………………………………………………………………………………. 13
Overview of Operating Results etc.
In the current consolidated accounting period, the Company finalized the provisional accounting treatment for the business combination.
Overview of Operating Results for Current Period
In the current consolidated period, the revenue decreased due to the impact of a decrease in orders at the AT business segment. In terms of profits, despite a decrease in revenue and an increase in labor costs, Operating Profit increased due to efforts to improve productivity through closing an unprofitable U.S. subsidiary in the previous fiscal year. Profit before Tax and Profit Attributable to Owners of the Parent increased due to the rise in Operating profit as well as an increase in Finance income from investment profit.
The results for the current consolidated fiscal year were, Revenue ¥ 303.9 billion (decreased by 1.8% from the previous fiscal year), Operating profit ¥ 22.2 billion (increased by 1.8% from the previous fiscal year), Profit before tax ¥ 23.6 billion (increased by 15.9% from the previous fiscal year), Profit attributable to owners of the parent company was ¥13.7 billion (increased by 7.3% from the previous fiscal year).
The summary by type of reportable segment is as follows.
[MT (Manual Automotive Drivetrain related business)]
Revenue was ¥75.5 billion (increased by 2.2% from the previous fiscal year). Segment profit was ¥11.5 billion (increased by 7.0% from the previous fiscal year) due to an increase in revenue.
[AT (Automatic Automotive Drivetrain related business)]
Revenue was ¥188.3 billion (decreased by 5.7% from the previous fiscal year). The segment profit was ¥15.7 billion (increased by 26.1% from the previous fiscal year), despite a decrease in revenue by a decline in orders, due to efforts to improve productivity through closing an unprofitable U.S. subsidiary in the previous fiscal year and passing on the increased costs to selling prices.
[TS (Industrial machine Drivetrain operations)]
Revenue was ¥12.8 billion (decreased by 7.9% from the previous fiscal year). Segment profit was ¥1.5 billion (decreased by 8.7% from the previous fiscal year), due to a decrease in revenue.
[Others]
Revenue was ¥27.4 billion (increased by 23.4% from the previous fiscal year). Segment loss was ¥2.8 billion (¥3.0 million Segment profit in the previous fiscal year), due to an increase in R&D expenses, despite an increase in revenue from motorcycle clutches in the India-ASEAN region.
The summary by location is as follows. [Japan]
Revenue was ¥121.3 billion (decreased by 1.8% from the previous fiscal year). This was due to a decrease in
orders received, resulting in lower revenue in the AT business. Operating Profit was ¥6.1 billion (decreased by 41.5% from the the previous fiscal year), due to a decrease in revenue and an increase in labor costs.
[Americas]
Revenue was ¥46.9 billion (decreased by 17.3% from the previous fiscal year). This was due to closing an unprofitable U.S. subsidiary in the previous fiscal year. Operating Profit was ¥0.5 billion (¥1.4 billion Operating Loss in the previous fiscal year) due to effort for productivity improvements.
[Asia and Oceania]
Revenue was ¥123.5 billion (increased by 5.6% from the previous fiscal year). This was mainly due to an increase in revenue from motorcycle clutches in the India-ASEAN region and an increase in revenue from AT business segment in China and Thailand. Operating Profit was ¥14.9 billion (increased by 23.9% from the previous fiscal year) due to an increase in revenue.
[Others]
Revenue was ¥12.2 billion (decreased by 1.0% from the same period of the previous fiscal year). Operating Profit was ¥0.7 billion (decreased by 14.9% from the previous fiscal year) due to a decrease in revenue.
Overview of Financial Position for Current Period.
In terms of the assets at the end of this consolidated accounting period, the total assets were ¥ 320.1 billion (¥303.9 billion at the end of the previous consolidated fiscal year), increased by ¥16.2 billion (5.3%) from the end of the previous fiscal year. The main contents are ¥6.3 billion increase in Cash and cash equivalents, ¥5.2 billion increase Goodwill and Intangible assets, ¥4.0 billion increase in Other financial assets, ¥2.4 billion increase in Investments accounted for using equity method and ¥1.3 billion decrease in Tangible fixed assets.
Total liabilities were ¥111.8 billion (¥109.6 billion at the end of the previous consolidated fiscal year), increased by
¥2.2 billion (2.0%) from the end of the previous fiscal year. The main contents are ¥1.4 billion increase Trade and other payables, ¥1.4 billion increase in Income taxes payable, ¥0.9 billion increase in Other financial liabilities, and
¥1.7 billion decrease in corporate Bonds and borrowings.
Total equity was ¥208.3 billion (¥194.3 billion in the previous consolidated fiscal year), increased by ¥14.0 billion (7.2%) from the end of the previous fiscal year. The primary details are as follows; ¥2.2 billion increase in Capital surplus, ¥1.8 billion increase in Non-controlling interests, ¥6.6 billion increase in Other components of equity, ¥3.9 billion increase in Retained earnings (¥13.7 billion increase due to the Profit attributable to owners of the parent, and ¥11.0 billion decrease due to the Appropriation of surplus (dividend), etc.) and ¥0.4 billion decrease by acquisition of Treasury shares.
Overview of Cash Flow for the Current Period
Cash inflows from operating activities in the current consolidated fiscal year was ¥ 40.6 billion which increased by
¥ 9.1 billion (28.8%) from the previous year (¥ 31.5 billion). This was due to the increase of ¥3.2 billion Income before Income Taxes, the changes in Trade and other receivables increased by ¥ 1.8 billion, the changes in Inventories increased by ¥ 1.4billion, Share-based payment expenses increased by ¥ 2.5 billion.
Cash outflows from investing activities was ¥ 20.1 billion which increased by ¥ 11.4 billion (130.3%) from the previous year (¥ 8.7 billion). This was mainly due to the increase in ¥ 4.2 billion in Purchase of shares of subsidiaries, the decrease in ¥ 3.4 billion in Sales of property, plant and equipment, the increase of ¥ 2.9 billion in deposits into and withdrawals from time deposits and the increase of ¥1.8 billion in Purchase of investment securities.
Cash outflows from financing activities was ¥ 17.0 billion, which decreased by ¥ 11.8 billion (40.9%) from the previous year (¥ 28.7 billion). This was mainly due to the decrease of ¥ 43.9 billion in Purchase of treasury shares, the decrease of ¥ 30.3 billion in Proceeds from long-term borrowings and the increase of ¥ 4.0 billion in dividend payment.
In addition to the above, there was the increase of ¥ 2.8 billion in Effect of exchange rate changes on cash and cash equivalents (¥ 0.1 billion increase in the previous year), as the results the balance of cash and cash equivalents in the current consolidated fiscal year was ¥ 74.5 billion which increased by ¥ 6.3 billion (9.3%) from
¥ 68.2 billion at the end of the previous consolidated fiscal year.
Forward-Looking Information
Regarding the forward-Looking information, the outlook remains uncertain due to continuing geopolitical risks such as the prolonged Russia–Ukraine war and increasing tensions in the Middle East. In particular, the Company is unable to appropriately estimate the impact of a Strait of Hormuz blockade on production and orders. Accordingly, this impact has not been reflected in the current earnings forecast at this time.
Based on these assumptions, the Company expects consolidated revenue for the fiscal year ending March 31, 2027 to be roughly the same level as the previous fiscal year, as the decline in orders for AT (automatic transmission-related business) has somewhat eased amid a temporary slowdown in the shift to BEVs for passenger cars. In terms of profits, the Company will strive to secure profits by further promoting group-wide efforts to improve overall management efficiency, such as improving facility utilization rates and reducing overhead costs, while appropriately reflecting in selling prices any cost increases resulting from inflation and rising crude oil price.
As a result, the Company expects the revenue for the fiscal year ending March 2027 to be ¥305.0 billion (0.4%
increase from this fiscal year), operating profit will be ¥24.5 billion (10.2% increase from this fiscal year), and Profit before Tax will be ¥23.0 billion (2.7% decrease from this fiscal year). Profit attributable to owners of the parent company is expected to be ¥14.0 billion (2.3% increase from this fiscal year).
The exchange rate is assumed to be ¥155 per US dollar.
Basic Way of Thinking Regarding to Selection of Accounting Standard
The Group applies IFRS for the purpose of improving the international comparability of financial information in capital markets.
Consolidated Financial Statements and Principal Notes
Consolidated Statement of Financial Position
As of March 31, 2025 As of March 31, 2026
Millions of yen Millions of yen
Assets
Current assets
Cash and cash equivalents
68,160
74,473
Trade and other receivables
52,044
52,778
Other financial assets
2,722
6,514
Inventories
41,746
40,984
Other current assets
3,808
4,394
Total current assets
168,480
179,144
Non-current assets
Property, plant and equipment
107,754
106,476
Goodwill and intangible assets
3,677
8,906
Investments accounted for using equity method
1,825
4,175
Investments in Equity Instruments
5,020
4,965
Other financial assets
363
593
Deferred tax assets
14,642
13,598
Retirement benefit asset
1,431
1,580
Other non-current assets
721
665
Total non-current assets
135,432
140,959
Total assets
303,912
320,103
As of March 31, 2025 As of March 31, 2026
Millions of yen Millions of yen
Liabilities and equity Liabilities
Current liabilities
Bonds and borrowings
4,749
23,101
Trade and other payables
33,845
35,271
Other financial liabilities
675
795
Income taxes payable
1,192
2,547
Employee benefits accruals
2,592
2,760
Provisions
1,973
1,868
Other current liabilities
2,615
2,528
Total current liabilities
47,641
68,870
Non-current liabilities
Bonds and borrowings
51,543
31,457
Other financial liabilities
1,161
1,951
Retirement benefit liability
6,518
6,816
Deferred tax liabilities
24
22
Other non-current liabilities
2,757
2,715
Total non-current liabilities
62,003
42,961
Total liabilities
109,644
111,830
Equity
Share capital
8,284
8,284
Capital surplus
4,184
6,428
Treasury shares
(43,777)
(44,200)
Other components of equity
17,631
24,191
Retained earnings
194,155
198,008
Total equity attributable to owners of parent
180,478
192,711
Non-controlling interests
13,790
15,561
Total equity
194,268
208,272
Total liabilities and equity
303,912
320,103
Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Consolidated Statement of Income)
FY2024
(April 1, 2024 through
FY2025
(April 1, 2025 through
March 31, 2025)
March 31, 2026)
Millions of yen
Millions of yen
Revenue
309,564
303,933
Cost of sales
250,137
241,173
Gross profit
59,427
62,759
Selling, general and administrative expenses
36,511
38,848
Other income
3,948
1,202
Other expenses
5,018
2,883
Operating profit
21,845
22,230
Finance income
579
2,597
Finance costs
1,432
975
Share of profit of investments accounted for using
(588)
(203)
equity method
Profit before tax
20,405
23,649
Income tax expense
6,397
8,022
Profit
14,007
15,626
Profit attributable to
Owners of parent
12,744
13,680
Non-controlling interests
1,264
1,946
Profit
14,007
15,626
Earnings per share
Basic and diluted earnings per share 304.13 374.31
]
(Consolidated Statement of Comprehensive Income)
FY2024
(April 1, 2024 through
March 31, 2025)
FY2025
(April 1, 2025 through
March 31, 2026)
Millions of yen
Millions of yen
Profit
14,007
15,626
Other comprehensive income
Items that will not be reclassified to profit or loss Net change in fair value of equity instruments
designated as measured at fair value through
(357)
(195)
other comprehensive income
Remeasurements of defined benefit plans
280
184
Total of items that will not be reclassified to profit or loss
(77) (11)
Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations
(10)
(3)
investments accounted for using equity method
Total of items that may be reclassified to profit or loss
235
9,092
Total other comprehensive income
159
9,080
Comprehensive income
14,166
24,707
Comprehensive income attributable to Owners of parent
12,381
21,390
Non-controlling interests
1,785
3,317
Comprehensive income
14,166
24,707
Share of other comprehensive income of
245 9,095
Consolidated Statement of Changes in Equity
Previous consolidated cumulative period (April 1, 2024 through March 31, 2025)
Equity attributable to owners of parent
Other components of equity Net change
in fair value of equity
Share capital Capital surplus
Treasury shares
Exchange differences on translation of foreign operations
instruments designated as measured at fair value through other comprehens
Remeasure ments of defined benefit plans
Total
Balance as of April 1, 2024 Profit for the period
Other comprehensive income
Comprehensive income Purchase of treasury shares Disposal of treasury shares Dividends of surplus
Share-based remuneration transactions
Changes in ownership interest in subsidiaries
Obtaining of control of subsidiaries Liquidation of consolidated subsidiaries Capital transaction with non controlling interests
Transfer to retained earnings Total transactions with owners Total changes in equity
Balance as of March 31, 2025
ive income Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen Millions of yen
8,284
7,543
(3,682)
19,365
(1,091)
-
18,274
—
—
—
—
—
—
—
—
—
—
(286)
(357)
280
(363)
—
—
—
(286)
(357)
280
(363)
—
(183)
(44,510)
—
—
—
—
—
7
25
—
—
—
—
—
—
—
—
—
—
—
—
(4,140)
4,390
—
—
—
—
—
958
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
(280)
(280)
—
(3,358)
(40,094)
—
—
(280)
(280)
—
(3,358)
(40,094)
(286)
(357)
—
(643)
8,284
4,184
(43,777)
19,079
(1,448)
—
17,631
Equity attributable to owners of
parent Non-controlling
Total
Retained
Total
interests
earnings
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Balance as of April 1, 2024
188,129
218,548
14,991
233,539
Profit for the period
12,744
12,744
1,264
14,007
Other comprehensive income
—
(363)
522
159
Comprehensive income
12,744
12,381
1,785
14,166
Purchase of treasury shares
—
(44,693)
—
(44,693)
Disposal of treasury shares
—
32
—
32
Dividends of surplus
(6,997)
(6,997)
(1,975)
(8,973)
Share-based remuneration transactions
—
250
—
250
Changes in ownership interest in subsidiaries
—
958
(958)
—
Obtaining of control of subsidiaries
—
—
(53)
(53)
Liquidation of consolidated subsidiaries
—
—
—
—
Capital transaction with non controlling
—
—
—
—
interests
Transfer to retained earnings
280
—
—
—
Total transactions with owners
(6,717)
(50,450)
(2,987)
(53,437)
Total changes in equity
6,026
(38,069)
(1,201)
(39,271)
Balance as of March 31, 2025
194,155
180,478
13,790
194,268
Current consolidated cumulative period (April 1, 2025 through March 31, 2026)
Equity attributable to owners of parent
Other components of equity Net change
in fair value of equity
Share capital Capital
surplus
Treasury shares
Exchange
differences on translation of foreign operations
instruments
designated as measured at fair value through other comprehen
Remeasure ments of defined benefit plans
Total
sive income
Millions of
yen
Millions of
yen
Millions of
yen
Millions of
yen
Millions of
yen
Millions of
yen
Millions of
yen
Balances as of March 31, 2025
8,284
4,184
(43,777)
19,079
(1,448)
—
17,631
Profit
—
—
—
—
—
—
—
Other comprehensive income
—
—
—
7,721
(195)
184
7,710
Total
—
—
—
7,721
(195)
184
7,710
Purchase of treasury shares
—
(302)
(491)
—
—
—
—
Disposal of treasury shares
—
7
43
—
—
—
—
Dividends of surplus
—
—
—
—
—
—
—
Share-based payment transactions
—
2,740
24
—
—
—
—
Changes in ownership interest in
subsidiaries
—
—
—
—
—
—
—
Obtaining of control of subsidiaries
—
—
—
—
—
—
—
Liquidation of consolidated subsidiaries
—
(202)
—
—
—
—
—
Capital transaction with non controlling
interests
—
—
—
—
—
—
—
Transfer to retained earnings
—
—
—
—
(966)
(184)
(1,150)
Total transactions with owners
—
2,244
(423)
—
(966)
(184)
(1,150)
Total changes in equity
—
2,244
(423)
7,721
(1,161)
—
6,560
Balances as of March 31, 2026
8,284
6,428
(44,200)
26,800
(2,609)
—
24,191
Equity attributable to owners of
parent Non-controlling
Total
Retained
Total
interests
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Balances as of March 31, 2025
194,155
180,478
13,790
194,268
Profit
13,680
13,680
1,946
15,626
Other comprehensive income
—
7,710
1,371
9,080
Total
13,680
21,390
3,317
24,707
Purchase of treasury shares
—
(793)
—
(793)
Disposal of treasury shares
—
50
—
50
Dividends of surplus
(10,977)
(10,977)
(2,165)
(13,142)
Share-based payment transactions
—
2,765
—
2,765
Changes in ownership interest in
subsidiaries
Obtaining of control of subsidiaries
—
—
298
298
Liquidation of consolidated subsidiaries
—
(202)
(28)
(229)
Capital transaction with non controlling
—
—
349
349
interests
Transfer to retained earnings
1,150
—
—
—
Total transactions with owners
(9,827)
(9,157)
(1,546)
(10,703)
Total changes in equity
3,853
12,233
1,771
14,004
Balances as of March 31, 2026
198,008
192,711
15,561
208,272
earnings
－ － － －
(4) Consolidated Statement of Cash Flows
FY2024
FY2025
(April 1, 2024 through
March 31, 2025)
(April 1, 2025 through
March 31, 2026)
Millions of yen
Millions of yen
Cash flows from operating activities Profit before tax
20,405
23,649
Depreciation and amortization
14,345
13,469
Impairment losses
1,559
1,464
Interest and dividend income
(523)
(570)
Interest expenses
682
668
Share of loss (profit) of investments accounted for
588
203
using equity method
Foreign exchange loss (gain)
27
117
Decrease (increase) in inventories
2,587
4,033
Decrease (increase) in trade and other receivables
1,253
3,053
Increase (decrease) in trade and other payables
(2,316)
(1,661)
Share-based payment expenses
250
2,765
Other
(829)
(2,103)
Subtotal
38,027
45,086
Interest and dividends received
582
598
Interest paid
(673)
(675)
Income taxes paid
(6,440)
(4,442)
Net cash provided by (used in) operating activities
31,495
40,567
Cash flows from investing activities
Payments into time deposits
(3,812)
(8,372)
Proceeds from withdrawal of time deposits
3,206
4,892
Purchase of property, plant and equipment
(7,562)
(7,163)
Proceeds from sale of property, plant and equipment
3,496
111
Purchase of intangible assets
(476)
(1,185)
Purchase of investment securities
(808)
(2,651)
Proceeds from sale of investment securities
—
1,667
Purchase of shares of subsidiaries resulting in
change in scope of consolidation
(1,173)
(5,412)
Purchase of investments accounted for using equity
(1,412)
(1,539)
method
Other
(183)
(441)
Net cash provided by (used in) investing activities
(8,724)
(20,093)
Cash flows from financing activities
Proceeds from short-term borrowings
8,475
4,907
Repayments of short-term borrowings
(9,859)
(5,121)
Proceeds from long-term borrowings
30,288
—
Repayments of long-term borrowings
(3,275)
(2,234)
Purchase of treasury shares
(44,783)
(926)
Dividends paid
(7,003)
(10,993)
Dividends paid to non-controlling interests
(1,975)
(2,165)
Other
(589)
(429)
Net cash provided by (used in) financing activities
(28,720)
(16,962)
Effect of exchange rate changes on cash and cash
66
2,801
equivalents
Net increase (decrease) in cash and cash equivalents
(5,883)
6,313
Cash and cash equivalents at beginning of period
74,043
68,160
Cash and cash equivalents
68,160
74,473
Notes on Consolidated Financial Statements
(Notes for Going Concern)
Not applicable
(Change in Accounting Policy)
Not applicable
(Change in Accounting Estimate)
Not applicable
(Segment Information)
Overview of Reportable Segments
The reportable segments are components of business activities for which discrete financial information is available, and such information is regularly reviewed by the Company’s Board of Directors to make decisions about the allocation of resources and assess its performance.
The Company and its consolidated subsidiaries are mainly engaged in the manufacture and sale of automotive parts. From the aspects of function, technological specification and productive structure, the product lines of the Company are classified roughly into 3 group, "Manual Transmission Parts", "Automatic Transmission Parts" and “Industrial machine Drivetrain Parts”. The Company, in corporation with its consolidated subsidiaries, design business strategy and conduct business for these 3 product lines inside Japan and overseas. Accordingly, the reportable segments of the Company are composed of 3 segments, "MT (Manual Automotive Drivetrain related business)" which manufactures and sells Manual Transmission Parts, "AT (Automatic Automotive Drivetrain related business)" which manufactures and sells Automatic Transmission Parts and “TS (Industrial machine Drivetrain operations)” which manufactures and sells parts for construction machinery and industrial vehicles.
In the current consolidated accounting period, the Company finalized the provisional accounting treatment for the business combination.
Information on Revenue, Profit and Loss by Segment and The Amount of Other Important Items Previous consolidated cumulative period (April 1, 2024 to March 31, 2025)
(Million Yen)
Reportable Segment
Other (Note 1)
Adjustments (Note 4)
Consolidated
MT
AT
TS
Total
Revenue
External Customers
73,800
199,715
13,881
287,396
22,167
-
309,564
Intersegments (Note 2)
253
479
47
779
5,468
(6,247)
-
Total
74,053
200,194
13,928
288,175
27,635
(6,247)
309,564
Segment Profit (Note 3)
10,766
12,436
1,672
24,873
3
(3,030)
21,845
Finance Income
579
Finance Costs
1,432
Share of profit of investments accounted for using equity method
(588)
Profit before Tax
20,405
(Note) 1. Others include businesses which is not part of any of the reportable segments, and contain clutches for motorcycle operation, transport operation, etc.
Amount of intersegments transactions is based on market price.
Segment profit is based on operating profit on consolidated income statement.
Elimination of intersegment transactions and corporate expenses are included in adjustments.
Current consolidated cumulative period (April 1, 2025 to March 31, 2026)
(Million Yen)
Reportable Segment
Other (Note 1)
Adjustments (Note 4)
Consolidated
MT
AT
TS
Total
Revenue
External Customers
75,461
188,325
12,784
276,570
27,363
—
303,933
Intersegments (Note 2)
233
402
38
672
5,394
(6,066)
—
Total
75,693
188,727
12,822
277,242
32,757
(6,066)
303,933
Segment Profit(Loss) (Note 3)
11,521
15,683
1,526
28,730
(2,840)
(3,661)
22,230
Finance Income
2,597
Finance Costs
975
Share of profit of investments accounted for using equity method
(203)
Profit before Tax
23,649
(Note) 1. Others include businesses which is not part of any of the reportable segments, and contain clutches for motorcycle operation, transport operation, etc.
Amount of intersegments transactions is based on market price.
Segment profit is based on operating profit on consolidated income statement.
Elimination of intersegment transactions and corporate expenses are included in adjustments.
(Per Share Information)
Basis for calculating profit per share is as follows. There are no potentially dilutive ordinary shares during previous consolidated fiscal year and current consolidated fiscal year.
Profit Attributable to Owners of Parent
(Millions of yen)
FY2024
(April 1, 2024 to March 31, 2025)
FY2025
(April 1, 2025 to March 31, 2026)
Profit Attributable to Owners of Parent
12,744
13,680
Average Number of Shares Outstanding during the Period
FY2024 (April 1, 2024 to March 31, 2025) | FY2025 (April 1, 2025 to March 31, 2026) | |
Average Number of Shares Outstanding during the Period | 41,901,529 | 36,547,480 |
(Significant Subsequent Events) Not applicable.