Mitsuboshi Belting Ltd. Financial Results Briefing Materials
(2025/4/1～2025/9/30）
November 10, 2025
Note to future-oriented statements
The forward-looking statements in this document, including performance forecasting, are based on currently available information and assumptions considered reasonable by us and do not guarantee our future financial results. Actual results may differ greatly from the forecast figures depending on various factors.
Note : This document has been translated from a part of the Japanese original for reference purposes only. In the
event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
FY2030 "Target Position"
" '24 Mid-Term Business Plan" marks the second phase toward FY2030 "Target Position." Based on the results of the previous medium-term management plan, which was implemented as a period for strengthening foundations,
we positioned the current plan ("'24 Mid-Term Business Plan" ) as a period for accelerating
growth and are implementing measures for further growth.
efficiency
Profitability Capital
Shareholder returns Capital investment
Human resource strategy
ESG
Net sales
100 Bil. yenOperating profit
13 Bil. yenROE
10 %Capital policies to enhance corporate value over the medium
to long term
Cultivate human resources to promote transformation
Contribute to the achievement of a sustainable society
(enhance social and economic value)
Consolidated Financial Summary 3
Increase in Revenue and Profit (Operating Profit and Ordinary Profit)
Recorded the highest net sales for the second consecutive year since the
divestiture of Automotive components business in 2006.
Posted approximately ¥3.4 billion in extraordinary income in the first half of FY2024 from the sale of cross-shareholdings.
（Unit：millions of yen）
2025/3（2024/4-2025/3） | 2026/3 （2025/4-2025/9） | vs.PY (1st Half) | ||||||||
1st Half | Margin | 2nd Half | Margin | Full Year | Margin | 1st Half | Margin | change | % | |
Sales | 45,451 | - | 45,059 | - | 90,510 | - | 45,868 | - | +417 | +0.9% |
Operating profit | 4,548 | 10.0% | 4,380 | 9.7% | 8,928 | 9.9% | 4,597 | 10.0% | +49 | +1.1% |
Ordinary | 4,286 | 9.4% | 4,868 | 10.8% | 9,154 | 10.1% | 5,075 | 11.1% | +789 | +18.4% |
Profit attributable to owners of parent | 6,091 | 13.4% | 2,969 | 6.6% | 9,060 | 10.0% | 3,870 | 8.4% | −2,221 | −36.5% |
Quarterly Results 4
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2021/3 2022/3 2023/3 2024/3 2025/3 2026/3
649 749 829 840 905 458 （1st Half）
186
178
175
169
161
144
235
223
226
224
230
224
210
210
215
205
191
212
220
206
192
193
250
200
150
100
50
0
Sales
（Unit：100 mil. of yen）
Operating profit
30 26
（Unit：100 mil. of yen）
29
20
11 9
10
15 15
23 20
17 16
21 25
18 20 21 21
15 16
20 24 24 22
0
1Q 2Q 3Q 4Q
2021/3
1Q 2Q 3Q 4Q
2022/3
1Q 2Q 3Q 4Q
2023/3
1Q 2Q 3Q 4Q
2024/3
1Q 2Q 3Q 4Q
2025/3
1Q 2Q 3Q 4Q
2026/3
Operating Profit margin
7.7%
10.2%
10.9%
9.2%
9.9%
10.0% （1st Half）
Sales by Segment （vs.PY（1st Half)） 5The core belt business increased, while the construction materials business declined.
The core belt business performed steadily, with both domestic and overseas sales exceeding the level of the same period of the previous year.
Construction materials:
Building segment: Sales decreased due to labor shortages at construction sites.
Civil engineering segment: Sales decreased from the same period of the previous year, reflecting fewer large-scale projects.
（Unit：millions of yen）
7.5%
6.5%
32.1%
by segment
2025/3 (2024/4--2025/3) | 2026/3 | vs.PY (1st Half) | |||||||||
1st Half | Share | 2nd Half | Share | Full Year | Share | 1st Half | Share | change | % | ||
Net Sales | Belts - Japan | 14,204 | 31.3% | 13,934 | 30.9% | 28,138 | 31.1% | 14,744 | 32.1% | +540 | +3.8% |
Belts - Global except Japan | 24,534 | 54.0% | 24,061 | 53.4% | 48,595 | 53.7% | 24,701 | 53.9% | +167 | +0.7% | |
Construction Material | 3,726 | 8.2% | 4,376 | 9.7% | 8,102 | 9.0% | 3,424 | 7.5% | −302 | −8.1% | |
Others | 2,986 | 6.6% | 2,688 | 6.0% | 5,674 | 6.3% | 2,998 | 6.5% | +12 | +0.4% | |
45,451 | 100% | 45,059 | 100.0% | 90,510 | 100% | 45,868 | 100% | +417 | +0.9% | ||
Overseas sales ratio | 24,783 | 54.5% | 24,358 | 54.1% | 49,141 | 54.3% | 25,045 | 54.6% | +262 | +1.1% | |
2025/4 - 2025/9
Sales composition by segment
53.9%
55
50
45 37.5
40
35
Overseas sales ratio
43.7 46.5 46.5 46.3
49.5 52.9 54.6
Belts (Japan)
Belts (Global except Japan)
Construction Material
Others