Interim report
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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 Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under IFRS) 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) (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 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
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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 .) Revenue Operating profit Profit before income taxes Profit attributable to owners of the parent Earnings per share attributable to owners of the parent - Basic Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 1,980,000 1.3 75,000 76.9 80,000 69.9 45,000 169.1 251.97 (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): None Newly included: - company (Company name) Excluded: - company (Company name) (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) As of December 31, 2025 187,665,738 shares As of March 31, 2025 187,665,738 shares Number of treasury shares at the end of the period As of December 31, 2025 9,005,920 shares As of March 31, 2025 9,023,517 shares Average number of shares issued during the period (cumulative from the beginning of the fiscal year) Nine Months Ended December 31, 2025 178,593,650 shares Nine Months ended December 31, 2024 178,508,856 shares *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)
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- 1 - (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
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- 2 - 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. (ⅰ) Japan Revenue in Japan increased by ¥ 20.1 billion or 2.9%, year over year, to ¥ 714.0 billion due to an in crease 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. (ⅱ) 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. (ⅲ) 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. (ⅳ) 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. (ⅴ) 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 l iabilities 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 e xchange 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 w hich it believes are reasonable. These forward -looking statements involve risks and uncertainties that could cause actual results t o differ materially, therefore do not represent any guarantees of future performance.
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- 3 - 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
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- 4 - (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
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- 5 - (2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated Statement of Income (Millions of yen) Nine Months ended December 31, 2024 Nine Months ended 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
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- 6 - 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 Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans 204 (778) Net change in fair value of equity instruments measured at fair value through other comprehensive income (122) 4,287 Share of other comprehensive income of investments accounted for using the equity method (63) 69 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 133 426 Total other comprehensive income, net of tax 14,194 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
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- 7 - (3) Consolidated Statement of Changes in Equity Nine Months ended December 31, 2024 Equity attributable to owners of the parent Non-controlling interests Total Other components of equity Total Net change in fair value of equity instruments measured at fair value through other comprehensive income Net change in fair value of debt instruments measured at fair value through other comprehensive income Exchange differences on translation of foreign operations Balance at April 1, 2024 17,770 (81) 47,714 449,597 44,045 493,642 Profit (loss) for the period 28,283 8,252 36,535 Other comprehensive income (186) 0 12,075 12,135 2,059 14,194 Comprehensive income (186) 0 12,075 40,418 10,311 50,730 Purchase of treasury shares － － Disposal of treasury shares 288 288 Dividends (15,352) (7,361) (22,714) Change in scope of consolidation (14) (1,567) (1,582) Transfer to retained earnings 4 (11) (11) Total transactions with owners 4 － － (15,090) (8,929) (24,020) Balance at December 31, 2024 17,588 (81) 59,790 474,925 45,427 520,352 (Millions of yen) Equity attributable to owners of the parent Share capital Capital surplus Retained earnings Treasury shares Other components of equity Remeasurements of defined benefit plans Balance at April 1, 2024 8,400 3,095 394,213 (21,515) － Profit (loss) for the period 28,283 Other comprehensive income 245 Comprehensive income － － 28,283 － 245 Purchase of treasury shares Disposal of treasury shares (15) 304 Dividends (15,352) Change in scope of consolidation (14) Transfer to retained earnings 229 (245) Total transactions with owners － (30) (15,123) 304 (245) Balance at December 31, 2024 8,400 3,065 407,373 (21,211) －
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- 8 - Nine Months Ended December 31, 2025 (Millions of yen) Equity attributable to owners of the parent Share capital Capital surplus Retained earnings Treasury shares Other components of equity Remeasurements of defined benefit plans Balance at April 1, 2025 8,400 3,245 397,533 (21,211) － Profit (loss) for the period 28,630 Other comprehensive income (572) Comprehensive income － － 28,630 － (572) Purchase of treasury shares (0) Disposal of treasury shares (6) 41 Dividends (15,363) Changes in ownership interest in subsidiaries 74 Transfer to retained earnings (640) 572 Transfer to capital surplus from retained earnings 6 (6) Total transactions with owners － 74 (16,011) 41 572 Balance at December 31, 2025 8,400 3,319 410,152 (21,169) － Equity attributable to owners of the parent Non-controlling interests Total Other components of equity Total Net change in fair value of equity instruments measured at fair value through other comprehensive income Net change in fair value of debt instruments measured at fair value through other comprehensive income Exchange differences on translation of foreign operations Balance at April 1, 2025 15,359 (81) 44,175 447,420 42,647 490,067 Profit (loss) for the period 28,630 6,587 35,218 Other comprehensive income 4,356 0 21,442 25,227 3,274 28,501 Comprehensive income 4,356 0 21,442 53,858 9,862 63,720 Purchase of treasury shares (0) (0) Disposal of treasury shares 34 34 Dividends (15,363) (7,563) (22,927) Changes in ownership interest in subsidiaries 74 (575) (501) Transfer to retained earnings 68 － － Transfer to capital surplus from retained earnings － － Total transactions with owners 68 － － (15,254) (8,139) (23,394) Balance at December 31, 2025 19,784 (80) 65,617 486,023 44,369 530,393
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- 9 - (4) Consolidated Statement of Cash Flows (Millions of yen) Nine Months ended December 31, 2024 Nine Months ended December 31, 2025 Cash flows from operating activities Profit before income taxes 55,243 65,402 Depreciation and amortization 41,862 39,791 Sub-lease cost of sales 10,326 13,369 Interest and dividend income (5,742) (6,024) Decrease (increase) in trade receivables 34,339 59,519 Decrease (increase) in inventories (6,934) (9,464) Increase (decrease) in trade payables (16,545) (22,722) Increase (decrease) in provisions (269) 5,774 Increase (decrease) in other current liabilities (9,850) (5,154) Other (65) (1,340) Subtotal 102,364 139,150 Interest received 5,590 5,877 Dividends received 636 782 Interest paid (1,286) (1,641) Income taxes paid (23,475) (23,675) Net cash provided by (used in) operating activities 83,829 120,493
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- 10 - (Millions of yen) Nine Months ended December 31, 2024 Nine Months ended December 31, 2025 Cash flows from investing activities Purchase of property, plant and equipment (51,913) (40,492) Purchase of intangible assets (3,091) (2,597) Payments into time deposits (18,259) (19,681) Proceeds from withdrawal of time deposits 25,355 15,697 Other 1,421 1,076 Net cash provided by (used in) investing activities (46,488) (45,996) Cash flows from financing activities Proceeds from short-term borrowings 83,011 43,556 Repayments of short-term borrowings (69,657) (34,684) Proceeds from long-term borrowings － 20,000 Redemption of bonds (10,000) － Dividends paid (15,352) (15,363) Dividends paid to non-controlling interests (7,673) (7,550) Repayments of lease liabilities (26,266) (28,813) Other 43 (1,987) Net cash provided by (used in) financing activities (45,894) (24,843) Effect of exchange rate changes on cash and cash equivalents 5,793 9,241 Net increase (decrease) in cash and cash equivalents (2,759) 58,894 Cash and cash equivalents at beginning of period 244,191 249,721 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
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- 11 - (5) 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. 2. Inter-segment revenue are based on transaction prices that are determined through price negotiation, taking into account market prices and total costs incurred. 3. “Operating profit” reconciles to operating profit disclosed in the consolidated financial statement.
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- 12 - Nine Months Ended December 31, 2025 (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 657,179 399,940 152,966 209,656 86,492 1,506,236 － 1,506,236 Inter-segment revenue and transfers (*2) 56,846 3,645 7,416 12,770 2,048 82,726 (82,726) － Total 714,026 403,585 160,382 222,426 88,541 1,588,962 (82,726) 1,506,236 Operating profit (loss) 16,166 766 11,799 29,235 2,359 60,327 (81) 60,245 Finance income 6,077 Finance expenses 2,285 Share of profit (loss) of investments accounted for using the equity method 1,365 Profit before income taxes 65,402 (Notes)1. (81) million yen included in “Eliminations” for “Operating profit” is mainly inter-segment transactions. 2. Inter-segment revenue are based on transaction prices that are determined through price negotiation, taking into account market prices and total costs incurred. 3. “Operating profit” reconciles to operating profit disclosed in the consolidated financial statement.