Presentation of Financial Results for
the Third Quarter Ended December 31, 2025
Masahiro Ota, Director and Executive Officer
General Manager of Finance & Accounting Division
February 12, 2026
Consolidated Statement of Income
（Billions of Yen）
Net sales Cost of sales Gross profit
Selling, general &
administrative expenses
Operating profit Ordinary profit Net profit
FY24/3Q
Result
Amount vs net
sales
590.4
318.4 53.9%
272.0 46.1%
129.2 21.9%
142.7 24.2%
166.2 28.1%
120.3 20.4%
FY25/3Q
Result
Amount vs net
sales
609.9
333.4 54.7%
276.5 45.3%
138.9 22.8%
137.5 22.6%
169.1 27.7%
121.6 19.9%
YoY
(24/3Q vs 25/3Q)
Amount %
19.4 3.3%
14.9 4.7%
4.5 1.7%
9.7 7.5%
-5.2 -3.7%
2.9 1.8%
1.2 1.0%
FY25
Forecast
Amount vs net
sales
816.0
449.0 55.0%
367.0 45.0%
184.0 22.5%
183.0 22.4%
209.0 25.6%
153.0 18.8%
FY25 2Q
Amount vs net
sales
200.0
107.7 53.8%
92.3 46.2%
46.0 23.0%
46.3 23.2%
58.8 29.4%
44.5 22.3%
FY25 3Q
Amount vs net
sales
209.6
114.1 54.5%
95.4 45.5%
48.7 23.2%
46.7 22.3%
61.2 29.2%
42.4 20.2%
QoQ
(25/2Q vs 25/3Q)
Amount %
9.5 4.8%
6.4 6.0%
3.0 3.4%
2.6 5.7%
0.4 1.0%
2.4 4.2%
-2.1 -4.7%
Average exchange rate | ||||||||||
USD | 152.60 | 148.67 | -3.93 | -2.6% | 147.10 | 147.45 | 154.04 | +6.59 | 4.5% | |
EUR | 164.88 | 171.76 | +6.88 | 4.2% | 172.00 | 172.29 | 179.31 | +7.02 | 4.1% | |
CNY | 21.15 | 20.76 | -0.39 | -1.8% | 20.60 | 20.59 | 21.71 | +1.12 | 5.4% | |
(Progress) | ||||||||||
Depreciation | 24.6 | 31.7 | 7.1 | 29.1% | 42.3 75.1% | |||||
R&D expenses | 24.8 | 27.3 | 2.4 | 10.0% | 37.0 74.0% | |||||
[YoY] Factors of Change of Net Sales and Operating Profit
①Net Sales
②Operating Profit
（Billions of yen）
< Sales qty. > 3.0% Increase
Japan -5.9 (-5%), North America -9.4 (-11%),
Europe +5.4 (+5%), Greater China +26.9 (+16%),
Other Asia +1.1 (+1%)
< Selling price > 0.2% Increase
Japan +3.5, Overseas -2.3
< Exchange rate fluctuation > 0.8% Decrease
North America (mainly USD) -2.1 Europe (mainly EUR) +3.2 Greater China (mainly CNY) -2.7
< Exchange rate fluctuation >
From transaction (Foreign currency export & import) -1.4 From conversion (Overseas subs P&L conversion) -1.2
< Inventory devaluation >
Decrease devaluation
< Processing costs, Material costs, Others >
Processing costs increased
< SG&A expenses >
Personnel -2.1, Depreciation -1.4, Freight expenses -0.3, R&D -0.3
[QoQ] Factors of Change of Net Sales and Operating Profit
①Net Sales
②Operating Profit
（Billions of yen）
< Sales qty. > 0.7% Increase
Japan -1.9 (-5%), North America -1.9 (-8%),
Europe ±0, Greater China +3.9 (+7%),
Other Asia +1.5 (+5%)
< Selling price > 0.7% Increase
Japan +1.7, Overseas -0.3
< Exchange rate fluctuation > 3.4% Increase
North America (mainly USD) +1.1 Europe (mainly EUR) +1.5 Greater China (mainly CNY) +3.1
< Exchange rate fluctuation >
From transaction (Foreign currency export & import) -1.0 From conversion (Overseas subs P&L conversion) +1.1
< Inventory devaluation >
Increase devaluation
< SG&A expenses >
R&D -0.3, Repairing expense -0.3
[Quarterly] Consolidated Net Sales by Location
Sales Ratio
Consolidated
Japan | North America | Europe | Greater China | Other Asia | ||||
19% | 13% | 19% | 31% | 16% |
60.0
50.0
40.0
30.0
20.0
FY | 24 | FY25 | FY | 24 | FY25 | FY | 24 | FY25 | FY | 24 | FY25 | FY | 24 | FY25 | ||||||||||||||||
3Q | 4Q | 1Q | 2Q | 3Q | 3Q | 4Q | 1Q | 2Q | 3Q | 3Q | 4Q | 1Q | 2Q | 3Q | 3Q | 4Q | 1Q | 2Q | 3Q | 3Q | 4Q | 1Q | 2Q | 3Q | ||||||
Net Sales (Bil. of Yen） | 44.3 | 40.5 | 39.2 | 39.5 | 39.3 | 27.1 | 30.2 | 26.4 | 25.9 | 25.1 | 32.4 | 38.0 | 36.5 | 37.7 | 39.9 | 54.8 | 56.8 | 61.3 | 59.5 | 65.8 | 31.9 | 31.3 | 30.8 | 31.0 | 33.0 | |||||
Semiconductor | 19% | 22% | 12% | 9% | 23% | 33% | ||||||
Electric | 12% | 10% | 4% | 4% | 24% | 13% | ||||||
Automobile | 17% | 18% | 20% | 11% | 22% | 16% | ||||||
Machine tools | 11% | 10% | 8% | 12% | 11% | 13% | ||||||
Food | 7% | 6% | 12% | 13% | 4% | 3% | ||||||
Medical | 6% | 5% | 9% | 11% | 4% | 2% | ||||||
Others | 28% | 29% | 35% | 40% | 12% | 20% |
Ratio of Sales by Industry (Cumulative)
Production Base Soka and etc., total of 6 factories
USA, Indiana Czech Beijing・Tianjin Vietnam・Singapore・India
R&D Base
Tsukubamirai City
USA
UK・Germany
Beijing －
Foreign Exchange Sensitivity (１％)*
3.12 bil. yen
- USD 0.24 bil. yen EUR 0.72 bil. yen
CNY 1.12 bil. yen KRW 0.33 bil. yen
*Impact to operating profit from 1% exchange rate change
5