Third Quarter Financial Results （PDF: 519.4 KB ）

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

February 3, 2026

Company name: Toyota Boshoku Corporation

Listing: Tokyo Stock Exchange / Nagoya Stock Exchange

Securities code: 3116

URL: https://www.toyota-boshoku.com/global/ Representative: Masayoshi Shirayanagi President

Inquiries: Masataka Asano Division General Manager, Accounting & Finance Division Telephone: +81-566-26-0313

Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for analysts and institutional investors)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the Nine Months Ended December 31, 2025 (from April 1, 2025 to December 31, 2025)

   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Revenue		Operating profit		Profit before income taxes		Profit for the period		Profit attributable to owners of the parent		Comprehensive income
      Nine Months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      December 31, 2025	1,506,236	4.1	60,245	15.8	65,402	18.4	35,218	(3.6)	28,630	1.2	63,720	25.6
      December 31, 2024	1,446,699	(1.7)	52,021	(32.2)	55,243	(30.4)	36,535	(27.3)	28,283	(32.8)	50,730	(14.4)

      	Earnings per share attributable to owners of the parent - Basic	Earnings per share attributable to owners of the parent - Diluted
      Nine Months ended	Yen	Yen
      December 31, 2025	160.31	160.27
      December 31, 2024	158.44	158.41

   2. Consolidated financial position

      	Total assets	Total equity	Equity attributable to owners of the parent	Ratio of equity attributable to owners of the parent
      As of	Millions of yen	Millions of yen	Millions of yen	%
      December 31, 2025	1,143,546	530,393	486,023	42.5
      March 31, 2025	1,094,831	490,067	447,420	40.9

2. Cash dividends

   	Annual dividends per share
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	43.00	-	43.00	86.00
   Fiscal year ending March 31, 2026	-	43.00
   Fiscal year ending March 31, 2026 (Forecast)			-	43.00	86.00

   (Note) Changes in the forecasted cash dividends in this quarter: None

3. Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

(Note) Changes in the forecast of consolidated financial results in this quarter: None

• Notes

  1. Changes in significant subsidiaries during the Nine Months ended of December 31, 2025 (changes in specified subsidiaries resulting in the change in scope of consolidation): Newly included: - company (Company name)

     Excluded: - company (Company name)

     None

  2. Changes in accounting policies and changes in accounting estimates

     Changes in accounting policies required by IFRS: None

     Changes in accounting policies due to other reasons: None

     Changes in accounting estimates: None

  3. Number of shares issued (common shares)

Total number of shares issued at the end of the period (including treasury shares) Number of treasury shares at the end of the period

Average number of shares issued during the period (cumulative from the beginning of the fiscal year)

*Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

*Explanation on the proper use of the forecast on financial results, and other information (Cautionary statement regarding forward-looking statements)

This report contains forward-looking statements based on information available to the Company as of the date hereof and assumptions which it believes are reasonable. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, therefore do not represent any guarantees of future performance. For more information on forecasts, please see "(3) Explanation of Consolidated Forecasts and Other Forward-Looking Information" under "1. Qualitative Information on the Financial Results" on page 2 of the appendix to this consolidated financial report.

(How to obtain supplementary financial results material)

Supplementary financial material will be posted on the Company's website on February 3, 2026(JST)

(Appendix) Contents

1. Qualitative Information on the Financial Results 2

   1. Explanation of Business Results… 2

   2. Explanation of Financial Position 2

   3. Explanation of Consolidated Forecasts and Other Forward-Looking Information 2

2. Consolidated Financial Statements and Notes 3

   1. Consolidated Statement of Financial Position 3

   2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income 5

   3. Consolidated Statement of Changes in Equity 7

   4. Consolidated Statement of Cash Flows 9

   5. Notes on Consolidated Financial Statements 11

（Notes on Going Concern Assumption） 11

（Segment Information） 11

- 1 -

1. Qualitative Information on the Financial Results

   1. Explanation of Business Results

      For the Nine Months Ended December 31, 2025, revenue increased by ¥59.5 billion or 4.1%, year over year, to ¥1,506.2 billion due to an increase in production volume in regions such as Japan and North, Central, and South America, despite the impact of foreign exchange rates. Operating profit increased by ¥8.2 billion or 15.8%, year over year, to ¥60.2 billion. Profit before income taxes increased by ¥10.1 billion or 18.4%, year over year, to ¥65.4 billion. Profit attributable to the owners of the parent increased by ¥0.3 billion or 1.2%, year over year, to ¥28.6 billion. These are mainly due to an increase in production volume and cost reduction.

      Results by segment are as follows.

      1. Japan

         Revenue in Japan increased by ¥20.1 billion or 2.9%, year over year, to ¥714.0 billion due to an increase in production volume. Operating profit increased by ¥6.9 billion or 75.3%, year over year, to ¥16.1 billion due to an increase in production volume and new products despite an increase in overhead costs.

      2. North, Central and South America

         Revenue in North, Central and South America increased by ¥51.4 billion or 14.6%, year over year, to ¥403.5 billion due to an increase in production volume. Operating profit was ¥0.7 billion (¥5.9 billion Operating loss in the same period of the previous fiscal year) due to an increase in production volume and cost reduction, despite the impact of tariffs and quality-related costs.

      3. China

         Revenue in China decreased by ¥21.3 billion or 11.7%, year over year, to ¥160.3 billion due to the decrease in production volume. Operating profit decreased by ¥4.6 billion or 28.1%, year over year, to 11.7 billion due to the decrease in production volume and change in model mix.

      4. Asia

         Revenue in Asia increased by ¥6.7 billion or 3.1%, year over year, to ¥222.4 billion due to an increase in production volume. Operating profit increased by ¥1.0 billion or 3.6%, year over year, to ¥29.2 billion due to an increase in production volume and cost reduction.

      5. Europe and Africa

         Revenue in Europe and Africa increased by 1.0 billion or 1.2%, year over year, to ¥88.5 billion due to the exchange rate. Operating profit decreased by ¥1.5 billion or 40.4%, year over year, to ¥2.3 billion due to the effects of decreased production volume and market prices despite cost reduction and the impact of foreign exchange rates.

   2. Explanation of Financial Position

      Total assets As of December 31, 2025, increased by ¥48.7 billion to ¥1,143.5 billion due to an increase in cash and cash equivalents and property, plant and equipment. The total for liabilities increased by ¥8.3 billion to ¥613.1 billion year over year. The main factor was a increase in bonds and borrowings. Equity increased by ¥40.3 billion to ¥530.3 billion mainly due to the increase in exchange differences on translation of foreign operations.

   3. Explanation of Consolidated Forecasts and Other Forward-Looking Information

      As for the forecast of financial results for the fiscal year ending March 31, 2026, reflecting the results of the third quarter, the Company expects revenue to be ¥1,980.0 billion, operating profit of ¥75.0 billion, profit before income taxes to be ¥80.0 billion, profit attributable to owners of the parent to be ¥45.0 billion. These forecasts have not been revised from those disclosed on October 31, 2025.

      The exchange rates assumption is 1USD= ¥148, 1EUR= ¥171, 1THB= ¥4.6, and 1CNY= ¥20.7.

      The above contains statements based on information currently available to the Company as of the time hereof and assumptions which it believes are reasonable. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, therefore do not represent any guarantees of future performance.

2. Consolidated Financial Statements and Notes
   1. Consolidated Statement of Financial Position

      (Millions of yen) As of March 31, 2025 As of December 31, 2025

      Assets

      Current assets

      Cash and cash equivalents	249,721	308,616
      Trade and other receivables	290,236	244,776
      Inventories	87,142	100,713
      Other financial assets	19,191	24,428
      Income taxes receivable	7,882	4,987
      Other current assets	14,457	17,066
      Total current assets	668,631	700,588
      Non-current assets Property, plant and equipment	317,221	331,540
      Goodwill	4,938	4,938
      Intangible assets	19,548	18,337
      Investments accounted for using the equity method	14,002	15,383
      Other financial assets	33,923	39,808
      Deferred tax assets	32,846	29,599
      Other non-current assets	3,719	3,350
      Total non-current assets	426,199	442,957
      Total assets	1,094,831	1,143,546

      (Millions of yen) As of March 31, 2025 As of December 31, 2025

      Liabilities and equity

      Liabilities

      Current liabilities

      Trade and other payables	234,869	204,651
      Bonds and borrowings	20,787	40,696
      Other financial liabilities	5,149	8,017
      Income taxes payable	14,836	15,486
      Provisions	7,155	12,717
      Other current liabilities	104,653	102,799
      Total current liabilities	387,452	384,369
      Non-current liabilities Bonds and borrowings	146,531	155,000
      Other financial liabilities	7,338	7,855
      Retirement benefit liability	55,075	55,736
      Provisions	713	720
      Deferred tax liabilities	5,000	6,061
      Other non-current liabilities	2,652	3,409
      Total non-current liabilities	217,311	228,783
      Total liabilities	604,763	613,152
      Equity Share capital	8,400	8,400
      Capital surplus	3,245	3,319
      Retained earnings	397,533	410,152
      Treasury shares	(21,211)	(21,169)
      Other components of equity	59,452	85,321
      Total equity attributable to owners of the parent	447,420	486,023
      Non-controlling interests	42,647	44,369
      Total equity	490,067	530,393
      Total liabilities and equity	1,094,831	1,143,546

   2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated Statement of Income

      (Millions of yen)

      	Nine Months ended	Nine Months ended
      	December 31, 2024	December 31, 2025
      Revenue	1,446,699	1,506,236
      Cost of sales	1,296,214	1,349,173
      Gross profit	150,484	157,062
      Selling, general and administrative expenses	98,165	98,019
      Other income	4,196	4,459
      Other expenses	4,495	3,256
      Operating profit	52,021	60,245
      Finance income	5,755	6,077
      Finance expenses	3,418	2,285
      Share of profit of investments accounted for using the equity method	885	1,365
      Profit before income taxes	55,243	65,402
      Income tax expense	18,707	30,184
      Profit for the period	36,535	35,218
      Profit attributable to
      Owners of the parent	28,283	28,630
      Non-controlling interests	8,252	6,587

      Earnings per share attributable to owners of the parent

      Basic (Yen)	158.44	160.31
      Diluted (Yen)	158.41	160.27

      Consolidated Statement of Comprehensive Income

      (Millions of yen)

      Nine Months ended December 31, 2024

      Nine Months ended December 31, 2025

      Profit for the period 36,535 35,218

      Other comprehensive income

      204	(778)
      (122)	4,287
      (63)	69

      Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans

      Net change in fair value of equity instruments measured at fair value through other comprehensive income

      Share of other comprehensive income of investments accounted for using the equity method

      Items that may be reclassified to profit or loss

      Exchange differences on translation of foreign operations 14,042 24,496

      Net change in fair value of debt instruments measured at

      fair value through other comprehensive income 0 0

      Share of other comprehensive income of investments accounted for using the equity method Total other comprehensive income, net of tax	133 14,194	426 28,501
      Comprehensive income	50,730	63,720

      Comprehensive income attributable to

      Owners of the parent	40,418	53,858
      Non-controlling interests	10,311	9,862

   3. Consolidated Statement of Changes in Equity

Nine Months ended December 31, 2024

Nine Months Ended December 31, 2025

(Millions of yen)

Increase (decrease) in cash and cash equivalents included in assets held for sale

870 －

Cash and cash equivalents at end of period 242,302 308,616

1. Notes on Consolidated Financial Statements

   (Notes on Going Concern Assumption)

   There are no applicable items.

   (Segment Information)

   1. Outline of Reportable Segments

      In the nine-month period ended December 31, 2025, there are no material changes to the method used to identify the reportable segments, the business activities carried out by each reportable segment, or the measurement standards used to determine segment profits.

   2. Revenue, Profit/Loss for each Reportable Segment

      Nine Months ended December 31, 2024

      (Millions of yen)

      	Reportable Segment						Eliminations (*1)	Consolidated (*3)
      	Japan	North, Central and South America	China	Asia	Europe and Africa	Total
      Revenue
      Revenue from external customers	636,520	348,115	173,235	203,296	85,531	1,446,699	-	1,446,699
      Inter-segment revenue and transfers (*2)	57,385	3,973	8,458	12,376	1,928	84,121	(84,121)	-
      Total	693,905	352,089	181,693	215,672	87,459	1,530,821	(84,121)	1,446,699
      Operating profit (loss)	9,220	(5,911)	16,418	28,207	3,956	51,892	128	52,021
      Finance income								5,755
      Finance expenses								3,418
      Share of profit (loss) of investments accounted for using the equity method								885
      Profit before income taxes								55,243

      (Notes)1. 128 million yen included in "Eliminations" for "Operating profit" is mainly inter-segment transactions.

      1. Inter-segment revenue are based on transaction prices that are determined through price negotiation, taking into account market prices and total costs incurred.

      2. "Operating profit" reconciles to operating profit disclosed in the consolidated financial statement.

Nine Months Ended December 31, 2025

(Millions of yen)

(Notes)1. (81) million yen included in "Eliminations" for "Operating profit" is mainly inter-segment transactions.

1. Inter-segment revenue are based on transaction prices that are determined through price negotiation, taking into account market prices and total costs incurred.

2. "Operating profit" reconciles to operating profit disclosed in the consolidated financial statement.