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TSE Prime Market Securities Code 3116 FY2026（ending March 2026） 2025.10.31 (Fri) 2nd Quarter Financial Results
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Contents １．Overview of Financial Results ２．FY2026 2nd Quarter Financial Results ３．FY2026 Financial Forecasts ４．Appendix
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Contents １．Overview of Financial Results ２．FY2026 2nd Quarter Financial Results ３．FY2026 Financial Forecasts ４．Appendix
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Incorporated the impact of additional U.S. tariffs, absorbing the negative impact by internal efforts such as additional cost reduction. However, the current forecast has been revised downward from the previous forecast after incorporating quality-related cost and others. Operating profit increased due to volume increase in Japan and the Americas, the impact of new products and internal efforts such as additional cost reduction through profit improvement activities, despite the negative impact of additional U.S tariffs and quality-related cost. Actual Return to share holders Fore cast 1 1-1) Overview of Financial Results Annual dividends plan is 86 yen, with an interim of 43 yen and a year-end of 43 yen, as announced previously. By maintaining DOE 3% or more, aim to provide long-term stable profit return based on consolidated performance.
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Contents １．Overview of Financial Results ２．FY2026 2nd Quarter Financial Results ３．FY2026 Financial Forecasts ４．Appendix
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FY25 Q2 FY26 Q2 14 17 204 218 20 23 160 153 398 410 FY25 Q2 FY26 Q2 YOY Change Revenue 9,481 100% 9,722 100% 241 2.5% Operating Profit 338 3.6% 370 3.8% 32 9.5% Profit before income taxes 329 3.5% 394 4.1% 65 19.7% Profit* 135 1.4% 174 1.8% 39 29.0% Exchange Rate USD 153 yen 146 yen △7 yen EUR 166 yen 168 yen +2 yen SUV・ MPV 2 2-1) FY2026 2nd Quarter Financial Results Seat Volume/Profit and Loss Seat Volume （10,000 units） Compact Medium Large （100 million yen） Profit and Loss *Profit Attributable to Owners of the Parent
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3 338 77 55 38 △43 3 △98 370 Forex impact with JPY△1 within the region+4 Changes in product prices△72 Wage up△15 Cost reduction+125 New product effects+24 Market Price△22 Products mix etc.+53 Labor△23 Expense△40 Depreciation+20 Profit increased due to volume increase in Japan and the Americas, additional to global cost reduction despite the impact of additional U.S. tariffs and quality-related cost Quality-related cost△37 U.S. tariffs impact△13 Prior-year price adjustment△10 Impact of flooding in Argentina△7 Consolidated adjustment etc.△31 2-2) FY2026 2nd Quarter Financial Results Consolidated Analysis of Operating Profit Volume Effort to Offset Overhead Costs Foreign Exchange OthersFY25 Q2 FY26 Q2 Model & Product Mix （100 million yen）
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Japan Americas China Asia Europe & Africa FY25 FY26 YOY Change FY25 FY26 YOY Change FY25 FY26 YOY Change FY25 FY26 YOY Change FY25 FY26 YOY Change Revenue 4,530 4,636 105 2,408 2,642 234 1,126 980 △145 1,400 1,442 41 574 555 △18 Operating Profit 37 76 38 △3 12 15 98 80 △17 182 187 4 22 15 △6 Ratio 0.8% 1.6% - △0.1% 0.5% - 8.7% 8.2% - 13.1% 13.0% - 3.9% 2.8% - 9 10 4 7 0 0 92 97 50 59 21 21 37 36 4 6 12 12 9 10 0 1 40 38 17 18 30 26 41 42 32 29 152 157 68 77 63 63 77 78 37 35 SUV・MPV 4 SUV・MPV SUV・MPV SUV・ MPV 2-3) FY2026 2nd Quarter Financial Results Seat Volume/Profit and Loss by Segments （10,000 units）Seat Volume FY26 Q2FY25 Q2 Profit and Loss（100 million yen） SUV・MPV Compact Medium Large Compact Compact Medium Large Compact Medium Compact Japan China Europe & AfricaAmericas Asia Large
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37 49 25 2 △26 △13 2 76 Consolidated adjustment etc.+2 New product effects+22 Market Price△4 Products mix etc.+7 Labor△5 Expense△20 Depreciation△1 Changes in product prices△23 Wage up△8 Cost reduction+33 Forex impact within the region△13 Profit increased due to volume increase and the effects of new products, despite an increase in overhead costs 5 2-4) FY2026 2nd Quarter Financial Results Japan Analysis of Operating Profit （100 million yen） Volume Effort to Offset Overhead Costs Foreign Exchange OthersFY25 Q2 FY26 Q2 Model & Product Mix
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△3 29 34 31 △10 4 △73 12 Market Price△2 Products mix etc.+36 Changes in product prices△10 Wage up△3 Cost reduction+44 Forex impact within the region+4 Profit increased due to volume increase and cost reduction, despite the impact of additional U.S. tariffs and quality-related cost Labor△18 Expense△15 Depreciation+23 6 Quality-related cost△37 U.S. tariffs impact△13 Prior-year price adjustment△10 Impact of flooding in Argentina△7 Consolidated adjustment etc.△6 Volume Effort to Offset Overhead Costs Foreign Exchange OthersFY25 Q2 FY26 Q2 Model & Product Mix 2-4) FY2026 2nd Quarter Financial Results The Americas Analysis of Operating Profit （100 million yen）
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98 △1 4 △2 △1 △3 △15 80 106 Changes in product prices△29 Cost reduction+27 Forex impact with JPY△3 Labor+2 Expense△2 Depreciation△1 Products mix etc.+4 Consolidated adjustment etc.△15 Profit decreased due to foreign exchange impact, despite changes in the vehicle mix 7 2-4) FY2026 2nd Quarter Financial Results China Analysis of Operating Profit Volume Effort to Offset Overhead Costs Foreign Exchange OthersFY25 Q2 FY26 Q2 Model & Product Mix （100 million yen）
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182 3 4 6 △5 2 △5 187 Changes in product prices△7 Wage up△3 Cost reduction+16 Forex impact with JPY+2 Consolidated adjustment etc.△5 Labor△1 Expense△3 Depreciation△1 New product effects+2 Products mix etc.+2 8 Profit increased due to volume increase and cost reduction, despite an increase in overhead costs Volume Effort to Offset Overhead Costs Foreign Exchange OthersFY25 Q2 FY26 Q2 Model & Product Mix （100 million yen） 2-4) FY2026 2nd Quarter Financial Results Asia Analysis of Operating Profit
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22 △3 △12 1 △1 13 △5 15 Changes in product prices△3 Wage up△1 Cost reduction+5 Labor△1 Forex impact within the region+13 Consolidated adjustment etc.△5 Profit decreased due to volume decrease and market prices, despite foreign exchange impact Market Price△16 Products mix etc.+4 9 （100 million yen） 2-4) FY2026 2nd Quarter Financial Results Europe & Africa Analysis of Operating Profit Volume Effort to Offset Overhead Costs Foreign Exchange OthersFY25 Q2 FY26 Q2 Model & Product Mix
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Contents １．Overview of Financial Results ２．FY2026 2nd Quarter Financial Results ３．FY2026 Financial Forecasts ４．Appendix
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FY25 Actual FY26 Forecast YOY change Revenue 19,542 100% [20,000] 19,800 100% 257 1.3% Operating Profit 423 2.2% [800] 750 3.8% 326 76.9% Profit before income taxes 470 2.4% [830] 800 4.0% 329 69.9% Profit* 167 0.9% [500] 450 2.3% 282 169.1% Exchange Rate USD 153 yen [145] 145 yen △8 yen EUR 164 yen [160] 170 yen +6 yen ROE 3.7% 9.7% - Dividend (Dividend payout ratio) 86 yen (91.8%) 86 yen (34.1%) 0 yen (-) DOE 3.4% 3.3% - 10 30 421 47 322 820 825 [830] Medium SUV・ MPV 3-1) FY2026 Financial Forecasts Seat Volume/Profit and Loss Forecast Seat Volume []previous forecast （10,000 units） Profit and Loss （100 million yen） Compact Large FY25 Actual FY26 Forecast *Profit Attributable to Owners of the Parent
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746 25 △18 102 △18 8 △95 750 423 [65] [△32] [97] [△48] [△13] [△15] [800] 11 ・Steadily progress in profitability competitiveness by volume increase and profit improvement activities ・However, lower profit expected compared to previous forecast due to quality-related cost and others New product effects+45 Market price△43 Products mix etc.△20 Changes in product prices△187 Wage up△57 Cost reduction+346 Labor△40 Expense△5 Depreciation+27 Forex impact within the region+8 Americas Quality-related cost△37 U.S. tariffs impact△30 Prior-Year price adjustment △15 Impact of flooding in Argentina△7 Consolidated adjustment etc.△6 Volume Effort to Offset Overhead Costs Foreign Exchange OthersFY25 Actual FY26 Forecast Model & Product Mix exc. impairment losses （100 million yen） 3-2) FY2026 Financial Forecasts Consolidated Analysis of Operating Profit []previous forecast
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Japan Americas China Asia Europe & Africa FY25 Actual FY26 Forecast YOY Change FY25 Actual FY26 Forecast YOY Change FY25 Actual FY26 Forecast YOY Change FY25 Actual FY26 Forecast YOY Change FY25 Actual FY26 Forecast YOY Change Revenue 9,392 9,600 207 4,890 5,200 309 2,335 1,900 △435 2,862 2,900 37 1,181 1,200 18 Operating Profit 101 180 78 △260 10 270 165 150 △15 361 360 △1 54 50 △4 Ratio 1.1% 1.9% - △5.3% 0.2% - 7.1% 7.9% - 12.6% 12.4% - 4.6% 4.2% - 19 10 1 190 103 47 72 10 27 19 1 86 33 57 80 65 322 330 136 140 133 120 153 160 75 75 Compact Medium SUV・MPV Large Compact SUV・MPV 12 Compact Medium SUV・MPV Compact Medium SUV・MPV Compact SUV・ MPV (132) (47) (23) (△13) (173) (△23) [335] [145] [115] [160] [75] Large Large 3-3) FY2026 Financial Forecasts Seat Volume/Profit and Loss by Segments （10,000 units）Seat Volume []previous forecast FY26 Forecast FY25 Actual Japan China Europe & AfricaAmericas Asia Profit and Loss（100 million yen） ()exc. impairment losses
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23 86 109 △30 △10 △37 10 13 Prior-year price adjustment△15 Impact of flooding in Argentina△7 ・Company-wide structural reforms and profit improvement activities are steadily improving profitability ・However, forecast revised downward to incorporate unexpected costs ・Impact of U.S. additional tariffs included; negotiation and tariff reduction continue ・Continue efforts to strengthen profit structure and profit foundation （100 million yen） Decrease in depreciation due to impairment+41 North America restructuring +26 ：2 entities turned profitable (excluding impairment effects) Volume & vehicle mix+19 △22 ［120］ 3-4) FY2026 Financial Forecasts The Americas Analysis of Operating Profit []previous forecast Profit improvement, etc. Brazil Shutdown Additioal U.S. Tariff Quality- Related Costs OthersFY26 Execution Plan FY25 Actual FY26 Forecast exc. impairment losses [△283]
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（100 million yen） 3-5) FY2026 Financial Forecasts 1st/2nd Half by Region 14 1st Half 2nd Half Full Year Japan 4,636 4,963 [9,800] 9,600 The Americas 2,642 2,557 [5,400] 5,200 China 980 919 [1,900] 1,900 Asia 1,442 1,457 [2,800] 2,900 Europe & Africa 555 644 [1,100] 1,200 Total 9,722 10,077 [20,000] 19,800 1st Half 2nd Half Full Year Japan 76 1.6% 103 2.1% [180] 180 1.9% The Americas 12 0.5% △2 △0.1% [120] 10 0.2% China 80 8.2% 69 7.6% [140] 150 7.9% Asia 187 13.0% 172 11.9% [320] 360 12.4% Europe & Africa 15 2.8% 34 5.4% [40] 50 4.2% Total 370 3.8% 379 3.8% [800] 750 3.8% Operating Profit （100 million yen） Revenue []previous forecast
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Contents １．Overview of Financial Results ２．FY2026 2nd Quarter Financial Results ３．FY2026 Financial Forecasts ４．Appendix
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FY25 Actual FY26 Actual Forecast Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly USD 155.89 149.37 152.45 152.61 152.58 144.59 147.49 - - 145.00 EUR 167.88 164.02 162.59 160.51 163.75 163.80 172.32 - - 170.00 CNY 21.48 20.82 21.15 20.95 21.10 19.99 20.59 - - 20.30 THB 4.25 4.29 4.48 4.50 4.38 4.36 4.58 - - 4.50 4-1) Appendix 15 Foreign Exchange Trends (yen)
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4-2) Appendix 100 million yen, As of September 30th, 2025 Consolidated Statement of Financial Position : Compared to the previous year end Assets 11,019 （The previous year end: 10,948） +47 △62 +133 Total equity attribute to owners of the parent 40.9% ↓ 42.0％ +24 Current assets 6,686 ↓ 6,710 Increase in Inventories Non-currentassets 4,261 ↓ 4,309 Increase in property, plant, and equipment Liabilities 6,047 ↓ 5,985 Decrease in in trade payables and other liabilities Equity 4,900 ↓ 5,034 16
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1,229 894 1,748 1,218 567 △408 △364 △866 △609 △298△486 △408 △915 △543 △277 FY22 FY23 FY24 FY25 FY26 Q2 Consolidated Cash Flow Trends(100 million yen) Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities 4-3) Appendix 820 529 881 608 268 Free Cash Flow 17
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CAPEX R&D 136 232 239 347 232 383 507 743 781 800 217 237 242 263 281 448 473 503 551 600 4-4) Appendix 18 FY26FY25FY24FY23FY22 2H 1H Capital Expenditures ・ Research and Development Trends(100 million yen) 2H 1H FY26FY25FY24FY23FY22
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19 4-5) Appendix FY22 Actual FY23 Actual FY24 Actual FY25 Actual FY26 Forecast Dividends Interim 32 yen 35 yen 43 yen 43 yen 43 yen Year-end 32 yen 35 yen 43 yen 43 yen 43 yen Yearly 64 yen 70 yen 86 yen 86 yen 86 yen DOE 3.3% 3.3% 3.7% 3.4% 3.3% Dividend payout ratio 30.5% 89.1% 27.3% 91.8% 34.1% Dividends Trends
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FY25 Actual FY26 Actual Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Global Seat volume 200 198 216 206 203 207 - - Revenue 4,880 4,601 4,985 5,075 4,796 4,925 - - Operating profit 166 171 181 △96※ 187 183 - - Ratio 3.4% 3.7% 3.6% △1.9% 3.9% 3.7% - - Japan Seat volume 75 77 84 85 78 80 - - Revenue 2,242 2,288 2,408 2,453 2,238 2,397 - - Operating profit 9 27 55 9※ 0 75 - - Ratio 0.4% 1.2% 2.3% 0.4% 0.0% 3.2% - - The Americas Seat volume 37 31 33 35 40 37 - - Revenue 1,381 1,026 1,112 1,370 1,351 1,291 - - Operating profit 21 △25 △55 △201※ 46 △34 - - Ratio 1.6% △2.5% △5.0% △14.7% 3.4% △2.6% - - 4-6) Appendix 20 Quarterly Trends (100 million yen, 10,000 units ) *incl. impairment losses
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FY25 Actual FY26 Actual Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 China Seat volume 30 33 41 29 31 32 - - Revenue 530 595 690 518 482 497 - - Operating profit 24 74 65 1 41 38 - - Ratio 4.6% 12.4% 9.5% 0.3% 8.6% 7.8% - - Asia Seat volume 38 40 38 38 37 41 - - Revenue 693 706 756 705 700 741 - - Operating profit 92 89 99 79 90 96 - - Ratio 13.4% 12.7% 13.1% 11.3% 13.0% 13.0% - - Europe & Africa Seat volume 19 18 19 19 18 18 - - Revenue 309 264 300 307 272 283 - - Operating profit 17 4 17 15 8 6 - - Ratio 5.8% 1.6% 5.8% 4.9% 3.1% 2.5% - - 4-6) Appendix 21 Quarterly Trends (100 million yen, 10,000 units )
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800 △31 △30 73 △62 750 4-7) Appendix FY2026 Financial Forecast: Operating Profit Changes from Previous Forecast 22 （100 million yen） Change in operating Environment (volume, FX, etc.) Profit improvement activities Unique factors Previous Forecast Current Forecast The U.S additional tariffs Americas Quality-related cost△37 Prior-Year price adjustment△15 Brazil shutdown△10
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<Disclaimer> This report contains forecasts and expectations that relate to future plans and strategies in addition to the expected financial results of the Toyota Boshoku Corporation and the Toyota Boshoku group. Within are estimates based on assumptions and opinions that have been formed by the company from the information available at the time of writing. They involve risks and uncertainties. Accordingly, actual results may differ from the company's forecasts.