Consolidated Financial Results Summary at FY2026-1Q
FY2026-1Q Results
FY2026 Schedule
April 23, 2026
*The forecasts of consolidated business performance and other forward-looking statements contained in this document are based on information currently available to the Company and certain assumptions that management believes reasonable and actual business performance may differ materially from those described in such statements due to various factors.
Please note that this document has been translated from 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. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
＜Summary＞ FY2026-1Q Results vs. FY2025-1Q Results
（million JPY）
Period | Acct. | FY2026 1Q | FY2025 1Q | +/- | Forex impact | Net +/- | ||||
Result | % | Result | % | vs Prev.yr | Change% | vs Prev.yr | Change % | |||
Bike | Sales | 87, 361 | 100.0% | 87, 973 | 100.0% | -612 | -0.7% | ＋3, 575 | -4, 187 | -4.8% |
Operating Income | 7, 792 | 8.9% | 14, 504 | 16.5% | -6, 711 | -46.3% | ▲449 | -6, 262 | -43.2% | |
Fish | Sales | 30, 176 | 100.0% | 25, 468 | 100.0% | 4, 707 | 18.5% | ＋1, 399 | 3, 308 | 13.0% |
Operating Income | 2, 596 | 8.6% | 1, 637 | 6.4% | 960 | 58.6% | ▲380 | 1, 340 | 81.9% | |
Total | Sales | 117, 645 | 100.0% | 113, 540 | 100.0% | 4, 105 | 3.6% | ＋4, 974 | -868 | -0.8% |
Operating Income | 10, 401 | 8.8% | 16, 142 | 14.2% | -5, 741 | -35.6% | ▲830 | -4, 911 | -30.4% | |
Ordinary Income | 14, 886 | 12.7% | 15, 405 | 13.6% | -519 | -3.4% | ||||
Net Income | 12, 815 | 10.9% | 9, 786 | 8.6% | 3, 028 | 30.9% | ||||
JPY/１US$ JPY/１Euro | 156.96 183.65 | 152.56 160.55 | 4.40 23.10 | 2.9% 14.4% | ||||||
＜Summary＞ FY2026-1Q Results vs. FY2026-1Q Previous Schedule
（million JPY）
Period | Acct. | FY2026 1Q | +/- | ||||
Result | % | Prev. Schedule | % | vs Prev.Sch | Change% | ||
Bike | Sales | 87, 361 | 100.0% | 80, 000 | 100.0% | 7, 361 | 9.2% |
Operating Income | 7, 792 | 8.9% | 8, 400 | 10.5% | -608 | -7.2% | |
Fish | Sales | 30, 176 | 100.0% | 28, 900 | 100.0% | 1, 276 | 4.4% |
Operating Income | 2, 596 | 8.6% | 2, 800 | 9.7% | -204 | -7.3% | |
Total | Sales | 117, 645 | 100.0% | 109, 000 | 100.0% | 8, 645 | 7.9% |
Operating Income | 10, 401 | 8.8% | 11, 200 | 10.3% | -799 | -7.1% | |
Ordinary Income | 14, 886 | 12.7% | 14, 300 | 13.1% | 586 | 4.1% | |
Net Income | 12, 815 | 10.9% | 10, 700 | 9.8% | 2, 115 | 19.8% | |
JPY/１US$ JPY/１Euro | 156.96 183.65 | 155.00 184.00 | 1.96 -0.35 | 1.3% -0.2% | |||
Operating income fluctuation factors （FY2026-1Q vs. FY2025-1Q ）
＊ The operating income for the first quarter of 2025 includes a one-time gain of approximately ¥2.5 billion resulting from inventory valuation.
This one-time gain has been eliminated as the inventory was sold and has not affected the operating income for the full fiscal year 2025.
FY2025-1Q Results FY2026-1QResults
＜Summary＞ FY2026-1H Revised Schedule vs. FY2025-1H Results
（million JPY）
Period | Acct. | FY2026 1H | FY2025 1H | +/- | |||
Schedule | % | Result | % | vs Prev.yr | Change% | ||
Bike | Sales | 165, 000 | 100.0% | 181, 424 | 100.0% | -16, 424 | -9.1% |
Operating Income | 18, 000 | 10.9% | 23, 631 | 13.0% | -5, 631 | -23.8% | |
Fish | Sales | 61, 800 | 100.0% | 55, 752 | 100.0% | 6, 048 | 10.8% |
Operating Income | 6, 000 | 9.7% | 4, 494 | 8.1% | 1, 506 | 33.5% | |
Total | Sales | 227, 000 | 100.0% | 237, 410 | 100.0% | -10, 410 | -4.4% |
Operating Income | 24, 000 | 10.6% | 28, 123 | 11.8% | -4, 123 | -14.7% | |
＜Summary＞ FY2026-1H Revised Schedule vs. Previous Schedule
（million JPY）
Period | Acct. | FY2026 1H | +/- | ||||
Schedule | % | Prev. Schedule | % | vs Prev. Sch | Change% | ||
Bike | Sales | 165, 000 | 100.0% | 165, 000 | 100.0% | 0 | 0.0% |
Operating Income | 18, 000 | 10.9% | 18, 000 | 10.9% | 0 | 0.0% | |
Fish | Sales | 61, 800 | 100.0% | 61, 800 | 100.0% | 0 | 0.0% |
Operating Income | 6, 000 | 9.7% | 6, 000 | 9.7% | 0 | 0.0% | |
Total | Sales | 227, 000 | 100.0% | 227, 000 | 100.0% | 0 | 0.0% |
Operating Income | 24, 000 | 10.6% | 24, 000 | 10.6% | 0 | 0.0% | |
＜Summary＞ FY2026 Revised Schedule vs. FY2025 Results
7
（million JPY）
Period | Acct. | FY2026 | FY2025 | +/- | Forex impact | Net +/- | ||||
Schedule | % | Result | % | vs Prev.yr | Change % | vs Prev.yr | Change % | |||
Bike | Sales | 350, 000 | 100.0% | 354, 972 | 100.0% | -4, 972 | -1.4% | ＋1, 400 | -6, 372 | -1.8% |
Operating Income | 39, 000 | 11.1% | 42, 842 | 12.1% | -3, 842 | -9.0% | ▲2, 500 | -1, 342 | -3.1% | |
Fish | Sales | 116, 500 | 100.0% | 110, 832 | 100.0% | 5, 668 | 5.1% | ＋800 | 4, 868 | 4.4% |
Operating Income | 8, 000 | 6.9% | 8, 866 | 8.0% | -866 | -9.8% | ▲1, 300 | 434 | 4.9% | |
Total | Sales | 467, 000 | 100.0% | 466, 243 | 100.0% | 757 | 0.2% | ＋2, 200 | -1, 443 | -0.3% |
Operating Income | 47, 000 | 10.1% | 51, 677 | 11.1% | -4, 677 | -9.1% | ▲3, 800 | -877 | -1.7% | |
Ordinary Income | 53, 300 | 11.4% | 47, 030 | 10.1% | 6, 270 | 13.3% | ||||
Net Income | 42, 000 | 9.0% | 33, 991 | 7.3% | 8, 009 | 23.6% | ||||
JPY/１US$ JPY/１Euro | 155.00 184.00 | 149.62 169.19 | 5.38 14.81 | 3.6% 8.8% | ||||||
＜Summary＞ FY2026 Revised Schedule vs. Previous Schedule
8
（million JPY）
Period | Acct. | FY2026 | +/- | ||||
Schedule | % | Prev. Schedule | % | vs Prev. Sch | Change% | ||
Bike | Sales | 350, 000 | 100.0% | 350, 000 | 100.0% | 0 | 0.0% |
Operating Income | 39, 000 | 11.1% | 39, 000 | 11.1% | 0 | 0.0% | |
Fish | Sales | 116, 500 | 100.0% | 116, 500 | 100.0% | 0 | 0.0% |
Operating Income | 8, 000 | 6.9% | 8, 000 | 6.9% | 0 | 0.0% | |
Total | Sales | 467, 000 | 100.0% | 467, 000 | 100.0% | 0 | 0.0% |
Operating Income | 47, 000 | 10.1% | 47, 000 | 10.1% | 0 | 0.0% | |
Ordinary Income | 53, 300 | 11.4% | 56, 000 | 12.0% | -2, 700 | -4.8% | |
Net Income | 42, 000 | 9.0% | 42, 000 | 9.0% | 0 | 0.0% | |
JPY/１US$ JPY/１Euro | 155.00 184.00 | 155.00 184.00 | 0.00 0.00 | 0.0% 0.0% | |||
Operating income fluctuation factors （FY2026 vs. FY2025 ）
＊The 2025 operating income includes the impact of approximately ¥3 billion in one-time gains arising in the fourth quarter of 2025 due to a change in the discount rate for the provision for retirement benefits.
FY2025 Results FY2026Schedule (April) 9