February 12, 2026 KYB Corporation
(Code number: 7242; Prime Market of Tokyo Stock Exchange)
Summary
3Qs of FY2025 Performance Overview
Increase in Net Sales and Profit (Operating Profit ¥15.3bn ¥31.2bn)
－ Net sales increased due to higher sales of automotive OEM and construction machinery products, the consolidation of Chita Kogyo as a subsidiary, and price pass-through of higher energy cost.
－Operating profit increased thanks to cost reductions from improved productivity in the U.S., the recognition of negative
goodwill from the acquisition of Chita Kogyo, and price pass-through of higher energy cost.
FY2025 Forecast
Revision Upward from the Previous Forecast (Operating Profit ¥31.0bn ¥36.0bn)
Based on progress through the third quarters, we have revised our previously announced forecast upward.
Return to Shareholders
FY2025 annual dividend forecast: ¥150 per share (Unchanged from November forecast)
Interim dividend forecast: ¥75 per share, Year end dividend forecast: ¥75 per share
Decision to acquire treasury shares (Up to ¥20.0bn)
Completed acquisition of approximately ¥20.0bn of treasury shares as of November 2025.
2
3Qs of FY2025 Financial Summary
(¥ Billion) | IFRS | Differences | |
3Qs of FY2024 actual | 3Qs of FY2025 actual | Previous period | |
Net sales | 322.8 | 354.0 | 31.2 |
Segment profit* [Segment profit ratio] | 13.1 [ 4.1% ] | 21.1 [ 6.0% ] | 7.9 [ 1.9% ] |
Operating profit [Operating profit ratio] | 15.3 [ 4.7% ] | 31.2 [ 8.8% ] | 16.0 [ 4.1% ] |
Profit attributable to owners of the parent | 9.2 | 24.6 | 15.4 |
FOREX (Average) (¥) JPY/ US$ JPY/ EUR | 152.56 164.81 | 148.74 171.83 | |
*Segment profit correspond to operating income in JGAAP.
3
3Qs of FY2025 Net Sales and Segment Profit
(¥ Billion) | Net Sales | Segment Profit | ||||
3Qs of FY2024 actual | 3Qs of FY2025 actual | Differences | 3Qs of FY2024 actual | 3Qs of FY2025 actual | Differences | |
AC | 225.6 | 252.6 | 27.0 | 11.9 | 17.1 | 5.2 |
HC | 86.0 | 91.8 | 5.7 | 0.8 | 2.6 | 1.8 |
Aircraft Components | 2.2 | 4.7 | 2.4 | (0.6) | 0.6 | 1.1 |
Special-Purpose Vehicles | 8.9 | 4.9 | (4.0) | 1.0 | 0.8 | (0.2) |
Total | 322.8 | 354.0 | 31.2 | 13.1 | 21.1 | 7.9 |
AC: Automotive Components HC: Hydraulic Components
4
3Qs of FY2025 Changes in Segment Profit (Comparison with previous period)
15.2
(0.1)
(3.8)
1.0
(4.2) (0.1)
13.1
¥7.9bn [ 1.9% ]
21.1
(¥ Billion) | 3Qs of FY2024 actual | Sales & variable cost factors | Depreciation expenses | Personnel expenses | Other expenses | Foreign exchange | Subsidiarization of Chita Kogyo | 3Qs of FY2025 actual |
AC | 11.9 | 11.0 | (0.2) | (3.6) | (3.0) | (0.1) | 1.0 | 17.1 |
HC | 0.8 | 3.9 | 0.0 | (0.9) | (1.2) | (0.0) | 0 | 2.6 |
Aircraft Components | (0.6) | 1.4 | 0.0 | 0.0 | (0.2) | 0.0 | 0 | 0.6 |
Special-Purpose Vehicles | 1.0 | (1.0) | 0.1 | 0.6 | 0.2 | 0.0 | 0 | 0.8 |
Total | 13.1 | 15.2 | (0.1) | (3.8) | (4.2) | (0.1) | 1.0 | 21.1 |
5
3Qs of FY2025 Changes in Operating Profit (Comparison with previous period)
(¥ Billion)
7.9 0.2
6.1
(0.2) (0.4)
3.0
(0.8)
3Qs of FY2024 loss of ¥0.7bn
3Qs of FY2025 gain of ¥2.2bn
31.2
15.3
持分法に よる
投資損益
負のの れん
為替差 損益
減損損失 製
繰
品保証引 当⾦
⼊額・製 品保証対策
（免震・ 制振）
¥16.0 bn [ 4.1% ]
2024年度 セ
Q3
営業利益
（実績）
グメント 利益
Operating profit
3Qs of FY2024
actual
Segment profit
Equity in earnings (losses) of affiliates
Negative goodwill
Impairment loss
Provisions for product warranties related to nonconforming acts for seismic isolation/mitigatio n oil dampers, Product guarantee countermeasure costs
Foreign exchange gain (loss)
Other expenses
Operating profit
2025年 度
Q3
営業利 益
（実績 ）
その 他
3Qs of FY2025
actual
6
3Qs of FY2025 Net Sales by Region
57.3 |
21.8 |
24.4 |
41.1 |
73.5 |
135.9 |
(¥ Billion)
322.8
354.0
62.4 |
19.2 |
22.5 |
37.7 |
60.7 |
120.3 |
2024年度Q3実 績
2025年度Q3実 績
3Qs of FY2025 actual
3Qs of FY2024 actual
Overseas Sales Ratio 62.7% ⇒ 61.6%
7
Differences
Previous period
Other
(8.1)%
China
13.6%
Southeast Asia
8.3%
America
9.0%
Europe
20.9%
Japan
13.0%
FY2025 Financial Forecast
(¥ Billion) | IFRS | Differences | |||
FY2024 actual | FY2025 Forecast (previous) | FY2025 Forecast (revised) | Previous year | Previous forecast | |
Net sales | 438.3 | 460.0 | 475.0 | 36.7 | 15.0 |
Segment profit*1 [Segment profits ratio] | 19.8 [ 4.5% ] | 23.0 [ 5.0% ] | 27.5 [ 5.8% ] | 7.7 | 4.5 |
Operating profit | 22.7 | 31.0 | 36.0 | 13.3 | 5.0 |
Profit attributable to owners of the parent | 14.9 | 25.0 | 27.5 | 12.6 | 2.5 |
Dividend (¥)*2 (Adjusted for the stock split) | 110 (Including commemorative dividend 5) | 150 | 150 | 40 | 0 |
FOREX (Average) (¥) JPY/ US$ JPY/ EUR | 152.57 163.73 | 144.52 166.53 | 147.31 170.13 | ||
*1 Segment profit correspond to operating income in JGAAP.
*2 Dividends (adjusted for the stock split) are stated based on the 2-for-1 stock split on December 3, 2024, and retroactively adjusted (pre-split dividend X 1/2) 8
FY2025 Net Sales Forecast (By Sales Division)
(¥ Billion) | Net Sales | ||||
FY2024 actual | FY2025 Forecast (previous) | FY2025 Forecast (revised) | Differences | ||
Previous year | Previous forecast | ||||
AC | 307.6 | 328.0 | 339.2 | 31.6 | 11.2 |
HC | 116.2 | 119.4 | 123.0 | 6.8 | 3.6 |
Aircraft Components | 3.7 | 5.9 | 6.1 | +2.5 | 0.2 |
Special-Purpose Vehicles | 10.8 | 6.6 | 6.6 | (4.2) | 0.0 |
Total | 438.3 | 460.0 | 475.0 | 36.7 | 15.0 |
AC: Automotive Components HC: Hydraulic Components
9
FY2025 Segment Profit Forecast (By Sales Division)
(¥ Billion) | Segment Profit | ||||
FY2024 actual | FY2025 Forecast (previous) | FY2025 Forecast (revised) | Differences | ||
Previous year | Previous forecast | ||||
AC | 17.2 | 19.0 | 23.0 | 5.8 | 4.0 |
HC | 1.7 | 2.9 | 3.3 | 1.6 | 0.4 |
Aircraft Components | (0.4) | 0.3 | 0.3 | 0.7 | 0.0 |
Special-Purpose Vehicles | 1.3 | 0.9 | 0.9 | (0.4) | 0.0 |
Total | 19.8 | 23.0 | 27.5 | 7.7 | 4.5 |
AC: Automotive Components HC: Hydraulic Components
10
Changes in Equity and Dividends
(¥ Billion) Equity attributable to owners of the parent company
2,500
50
200
150
100
250
225.5
217.2
241.1
45.6% 48.7% 48.4%
50.0%
2,000
1,500
1,000
153.4
35.3%
2022/3末
2023/3末
2024/3末
2025/3末
500
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
0
40.9%
182.8
40.0%
30.0%
20.0%
10.0%
2025/12末
Dec. 31, 2025
0.0%
Equity attributable to owners of the parent company
親会社の所有者に 帰属する持分
親会社所有者帰 属持分⽐率
Parent company ownership interest ratio
(¥/share)
150
Actual/forecast dividends *1 and dividend payout ratio
110
75
(※2)
150
50.0%
40.0%
100
100 100
39.1%
30.0%
50
33.9%
50
(Inclu
65
19.4%
60
ding
morative
53
30 12.3%
50
21年度実 績
22年度実 績
23年度実 績
24年度実 績
25年度予 想
23
0
comme
配当（ 期末
配当（中 間）
配当性 向
35
25.1%
75
Dividend 5)
50
20.0%
10.0%
0.0%
Year-end ）
Dividend payout ratio
Interim
FY2021
FY2022
FY2023
FY2024
FY2025
(forecast)
*1 Dividends (adjusted for the stock split) are stated based on the 2-for-1 stock split on December 3, 2024, and retroactively adjusted for FY2021 (pre-split dividend X 1/2)
*2 Excluding the non-cash gain (¥6.1 billion of negative goodwill from the acquisition of Chita Kogyo) from profit, the dividend payout ratio is 32.7%
11
Cautionary Statement
This report contains forward-looking statements, including KYB's plans and strategies, as well as statements that report historical results. Forward-looking statements involve such known and unknown risks and uncertainties as economic conditions; currency exchange rates; laws, regulations, and government policies; and political instability in principal markets.
For further information, please contact:
Public Relations & IR Sect., Executive Office Div. Tel: +81-3-3435-3580 E-mail: kyb-ir@kyb.co.jp
12
Appendix 3Qs of FY2025 Net Sales and Segment Profit
(¥ Billion) | Net Sales | Segment Profit | ||||
3Qs of FY2024 actual | 3Qs of FY2025 actual | Differences | 3Qs of FY2024 actual | 3Qs of FY2025 actual | Differences | |
AC | 225.6 | 252.6 | 27.0 | 11.9 | 17.1 | 5.2 |
Shock absorbers for automobiles | 166.5 | 186.6 | 20.1 | - | - | - |
Shock absorbers for motorcycles | 32.4 | 36.9 | 4.5 | - | - | - |
Hydraulic equipment for automobiles | 15.7 | 16.1 | 0.4 | - | - | - |
Others | 11.0 | 13.1 | 2.1 | - | - | - |
HC | 86.0 | 91.8 | 5.7 | 0.8 | 2.6 | 1.8 |
Hydraulic equipment for industrial use | 80.1 | 84.3 | 4.2 | - | - | - |
System products | 3.3 | 4.9 | 1.6 | - | - | - |
Others | 2.6 | 2.6 | (0.0) | - | - | - |
Aircraft Components | 2.2 | 4.7 | 2.4 | (0.6) | 0.6 | 1.1 |
Special-Purpose Vehicles | 8.9 | 4.9 | (4.0) | 1.0 | 0.8 | (0.2) |
Total | 322.8 | 354.0 | 31.2 | 13.1 | 21.1 | 7.9 |
AC: Automotive Components HC: Hydraulic Components 13
Appendix Net Sales by Region
(¥ Billion) | AC | FY20 HC | 24 Others | Total | AC | FY20 HC | 25 Others | Total | ||
Japan | 1H | 35.2 | 40.0 | 4.4 | 79.6 | 41.0 | 41.3 | 6.6 | 88.9 | |
3Q | 19.1 | 19.3 | 2.3 | 40.7 | 22.4 | 21.6 | 3.0 | 46.9 | ||
Full year | 54.3 | 59.3 | 6.7 | 120.3 | 63.4 | 62.9 | 9.6 | 135.9 | ||
Europe | 1H | 36.5 | 3.7 | 0.0 | 40.1 | 42.0 | 4.2 | 0.0 | 46.2 | |
3Q | 18.8 | 1.8 | 0.0 | 20.6 | 24.9 | 2.3 | 0.0 | 27.2 | ||
Full year | 55.3 | 5.4 | 0.0 | 60.7 | 67.0 | 6.5 | 0.0 | 73.5 | ||
America | 1H | 21.6 | 3.8 | 0.1 | 25.5 | 24.0 | 3.6 | 0.0 | 27.6 | |
3Q | 10.3 | 1.8 | 0.1 | 12.2 | 11.4 | 2.1 | (0.0) | 13.5 | ||
Full year | 32.0 | 5.5 | 0.2 | 37.7 | 35.4 | 5.7 | 0.0 | 41.1 | ||
China | 1H | 7.8 | 4.7 | 0.0 | 12.5 | 9.5 | 4.5 | 0.0 | 14.0 | |
3Q | 4.6 | 2.2 | 0.0 | 6.7 | 5.4 | 2.4 | 0.0 | 7.8 | ||
Full year | 12.4 | 6.9 | 0.0 | 19.2 | 14.9 | 7.0 | 0.0 | 21.8 | ||
Southeast Asia | 1H | 12.3 | 2.1 | 0.0 | 14.4 | 13.8 | 2.0 | 0.0 | 15.8 | |
3Q | 6.9 | 1.1 | 0.0 | 8.1 | 7.4 | 1.2 | 0.0 | 8.6 | ||
Full year | 19.3 | 3.2 | 0.0 | 22.5 | 21.2 | 3.2 | 0.0 | 24.4 | ||
Others | 1H | 34.5 | 4.0 | 2.7 | 41.3 | 33.7 | 4.5 | 0.0 | 38.2 | |
3Q | 17.9 | 1.7 | 1.5 | 21.1 | 17.0 | 2.1 | 0.0 | 19.2 | ||
Full year | 52.4 | 5.7 | 4.2 | 62.4 | 50.7 | 6.6 | 0.0 | 57.3 | ||
Total | 1H | 148.0 | 58.2 | 7.3 | 213.5 | 164.1 | 60.1 | 6.6 | 230.8 | |
3Q | 77.7 | 27.8 | 3.9 | 109.4 | 88.6 | 31.7 | 3.0 | 123.2 | ||
Full year | 225.6 | 86.0 | 11.2 | 322.8 | 252.6 | 91.8 | 9.6 | 354.0 | 14 | |
elJejoenpq›noy '
ooJsJoa›s
**0