Slides
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Third Quarter Fiscal Year 2025 Financial Results February 4, 2026
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1 Table of Contents Part 1 Third Quarter Fiscal Year 2025 Financial Results ⚫ Summary of Financial Results ⚫ Orders/Sales ⚫ Comparison of Balance Sheets Part 2 Forecast of Business Results for Fiscal Year 2025
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2 Part 1 Third Quarter Fiscal Year 2025 Financial Results
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3 ［Summary of Financial Results］ ■ Consolidated Sales: Consolidated sales 166.5 billion yen (+11.8% year-over-year) • A system to increase the production of double-column machining centers was completed, and part of the sales of a large order from a major EV manufacturer were recorded. • Projects with long lead times to delivery are on the rise, helping us to maintain a large order backlog of 103.1 billion yen. ■ Consolidated Operating Income: 10.4 billion yen (+3.1% year-over-year); operating income rate 6.3% • To cope with the increased costs of parts and materials, persistently high shipping costs, and increased investment in human capital, we focused on reducing costs by improving production efficiency and increasing in-house production. At the same time, we worked to pass on the increased costs and the burden of U.S. tariffs to sale prices. • Due to the sluggish machine tool demand, the operating rate of our factories has not really recovered, and the concentration of contract delivery dates in the second half of the year has pushed down sales and profits. ■ Consolidated Orders: 173.1 billion yen (+13.9% year-over-year) • Partially due to the effects of the U.S. tariffs on the automobile industry, the domestic market has taken a cautious stance toward capital investment, especially among small and medium-sized companies. There has been active capital investment among a variety of industries, including aerospace, defense, general industrial machinery, shipbuilding, construction machinery, power generation, and medical equipment. • In the North American market, small and medium-sized companies have been cautious with capital investment. Large companies in the aerospace, defense, medical equipment, energy, and other sectors have shown strong demand. • Demand in the European market has remained weak due to stagnation of the automobile industry and the slump in the export sector. • In the Chinese market, demand from the semiconductor manufacturing equipment, wind power generation, general industrial machinery, and other sectors has remained strong. Additionally, we have been able to secure a large order for double-column machining centers from a major EV manufacturer that has kept orders strong.
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4 Exchange rate Actual rate for the 3Q FY 2025 1USD ＝ ¥148.7 1EUR ＝ ¥171.8 Actual rate for the 3Q FY 2024 1USD ＝ ¥152.6 1EUR ＝ ¥164.8 （Reference） Assumed Rate for FY 2025 as of Nov 6, 2025 1USD ＝ ¥145.5 1EUR ＝ ¥170.5 Forecast results for FY2025 ［Nov 6, 2025］ 2,200 140.0 145.0 100.0 FY2024 FY2025 3Q Total 1Q 2Q 3Q 3Q Total % Change （Compared to FY 2024 3Q） Sales 1,489.7 446.5 605.7 612.9 1,665.1 11.8% Operating income 101.3 16.0 44.6 43.8 104.4 3.1% Ordinary income 113.0 21.5 40.6 50.1 112.2 △0.7% Net income* 75.0 14.1 31.4 39.9 85.4 13.9% ［Summary of Financial Results］ Note : Net income: net income attributable to owners of parent （Reference） （¥100 million） （¥100 million）（¥100 million）（¥100 million） （¥100 million） （¥100 million）
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5 246.8 332.4 298.7 356.1 363.5 410.4 453.4 500.8 493.3 595.7 586.8 600.6 505.9 599.2 567.8 607.0 453.3 499.2 537.2 578.6 446.5 605.7 612.9 1.5% 3.0% 3.0% 7.2% 5.7% 7.5% 8.3% 11.0% 9.6% 9.8% 11.9% 12.1% 11.0% 10.7% 11.0% 11.8% 6.8% 5.1% 8.4% 7.8% 3.6% 7.4% 7.2% △15% △10% △5% 0% 5% 10% 15% 0 100 200 300 400 500 600 700 800 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2020 Operating income margin Sales FY2021 FY2022 FY2023 FY2024 FY2025 1USD ¥106.1 ¥112.4 ¥135.5 ¥144.6 ¥152.6 ¥148.7 1EUR ¥123.7 ¥130.6 ¥141.0 ¥156.8 ¥163.8 ¥171.8 ［Summary of Financial Results］ 【Actual exchange rate】 Note: 1Q ＝Apr- Jun, 2Q ＝Jul- Sep, 3Q ＝Oct- Dec, 4Q ＝Jan- Mar Note: Actual exchange rate in these materials means the average rate and it is used for foreign currency translation in our consolidated financial statements （¥100 million）
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6 ［Summary of Financial Results］ Factors Related to Changes in Operating Income FY2024 3Q operating income FY2025 3Q operating income 101 104 41 △13 0 △25 （¥100 million） Note: “△” indicates a negative impact on operating income Increased cost of materials Influence of currency exchange rate and sales price Revenue increase Increased expenses, etc.
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7 260 300 326 358 445 534 612 562 602 609 611 652 488 527 530 496 483 510 527 637 542 576 613 482 449 476 493 575 698 857 918 1,027 1,040 1,064 1,116 1,098 1,026 988 876 906 917 907 965 1,060 1,030 1,031 0 200 400 600 800 1,000 1,200 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2020 Backlog orders FY2021 FY2022 FY2023 FY2024 FY2025 New orders 1USD ¥106.1 ¥112.4 ¥135.5 ¥144.6 ¥152.6 ¥148.7 1EUR ¥123.7 ¥130.6 ¥141.0 ¥156.8 ¥163.8 ¥171.8 【Actual exchange rate】 Note: 1Q ＝Apr- Jun, 2Q ＝Jul- Sep, 3Q ＝Oct- Dec, 4Q ＝Jan- Mar ［Orders］ Quarterly New Orders and Backlog Orders （¥100 million）
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8 103 119 111 124 139 197 207 217 221 208 195 195 159 163 143 143 145 166 173 190 175 136 149 78 73 85 94 115 151 148 162 168 198 174 216 115 156 178 162 153 152 130 192 127 178 218 30 38 58 64 84 87 138 79 93 75 103 101 112 103 90 86 72 74 96 84 67 94 91 49 69 72 75 107 98 119 105 120 128 138 141 102 104 118 105 112 118 128 171 173 168 155 0 50 100 150 200 250 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2020 FY2021 FY2022 FY2024 FY2025FY2023 Europe Asia/Pacific Americas Japan 1USD ¥106.1 ¥112.4 ¥135.5 ¥144.6 ¥152.6 ¥148.7 1EUR ¥123.7 ¥130.6 ¥141.0 ¥156.8 ¥163.8 ¥171.8 【Actual exchange rate】 Note: 1Q ＝Apr- Jun, 2Q ＝Jul- Sep, 3Q ＝Oct- Dec, 4Q ＝Jan- Mar ［Orders］ Quarterly Orders by Market Region （¥100 million）
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9 FY2024 FY2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q % Change Japan 145 166 173 190 175 136 149 △13.7% Americas 153 152 130 192 127 178 218 67.1% Europe 72 74 96 84 67 94 91 △4.7% Asia / Pacific 112 118 128 171 173 168 155 21.0% Total 483 510 527 637 542 576 613 16.4% ［Orders］ New Orders by Market Region （¥100 million） （¥100 million） （¥100 million） （¥100 million）（¥100 million） （¥100 million） （¥100 million）
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10 96 133 115 145 121 147 147 199 166 214 179 199 165 198 155 185 126 158 163 172 126 154 153 61 84 86 91 104 106 124 137 159 167 196 155 151 164 196 190 147 133 170 180 132 169 189 41 42 41 53 58 64 88 86 83 101 97 100 91 119 99 105 80 91 75 89 71 89 86 49 73 56 67 80 93 94 79 86 113 115 146 100 117 118 128 100 118 130 138 116 193 185 0 50 100 150 200 250 300 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Asia/Pacific Europe Japan 1USD ¥106.1 ¥112.4 ¥135.5 ¥144.6 ¥152.6 ¥148.7 1EUR ¥123.7 ¥130.6 ¥141.0 ¥156.8 ¥163.8 ¥171.8 Americas 【Actual exchange rate】 Note: 1Q ＝Apr- Jun, 2Q ＝Jul- Sep, 3Q ＝Oct- Dec, 4Q ＝Jan- Mar （¥100 million） ［Sales］ Quarterly Sales by Market Region
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11 220 206 201 195 213 263 323 341 397 391 407 403 397 362 351 308 327 336 346 365 413 395 391 111 100 98 101 112 157 180 205 214 244 222 283 247 239 220 193 199 218 178 190 185 193 222 52 48 66 77 103 126 175 168 179 153 160 160 181 165 157 138 130 113 134 130 125 131 136 100 96 111 120 147 153 178 203 237 252 275 271 273 260 260 238 250 250 248 280 337 311 282 0 100 200 300 400 500 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2020 FY2021 FY2022 FY2024 FY2025FY2023 Europe Asia/Pacific Americas Japan 1USD ¥106.1 ¥112.4 ¥135.5 ¥144.6 ¥152.6 ¥148.7 1EUR ¥123.7 ¥130.6 ¥141.0 ¥156.8 ¥163.8 ¥171.8 【Actual exchange rate】 Note: 1Q ＝Apr- Jun, 2Q ＝Jul- Sep, 3Q ＝Oct- Dec, 4Q ＝Jan- Mar （¥100 million） ［Orders］ Quarterly Backlog Orders by Market Region
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12 75 43 81 68 115 86 136 97 111 91 114 130 118 71 114 71 88 32 100 118 90 35 132 125 174 164 179 237 285 314 302 316 315 337 333 237 275 236 269 238 264 294 361 299 364 282 47 66 68 97 72 144 138 146 153 171 144 172 117 161 161 139 141 182 108 137 130 160 172 3 6 5 5 10 8 10 8 10 17 5 8 7 8 4 8 5 7 4 5 7 6 7 10 9 9 8 12 12 14 9 12 15 11 9 9 12 15 10 11 24 21 16 15 11 21 0 50 100 150 200 250 300 350 400 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2020 FY2022 FY2023 FY2024 FY2025FY2021 1USD ¥106.1 ¥112.4 ¥135.5 ¥144.6 ¥152.6 ¥148.7 1EUR ¥123.7 ¥130.6 ¥141.0 ¥156.8 ¥163.8 ¥171.8 Multitasking machines Machining centers Lathes Grinders Others 【Actual exchange rate】 Note: 1Q ＝Apr- Jun, 2Q ＝Jul- Sep, 3Q ＝Oct- Dec, 4Q ＝Jan- Mar ［Orders］ Quarterly Orders by Product Category （¥100 million）
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13 56 59 67 69 89 87 70 85 92 118 110 125 100 97 104 105 84 67 90 133 74 84 83 123 187 155 189 186 200 252 250 255 303 293 304 258 316 279 332 229 227 276 311 240 340 352 54 71 64 83 69 107 112 149 130 149 164 149 131 165 160 152 121 176 147 113 114 166 156 5 6 3 5 8 5 6 9 8 13 8 11 8 10 9 9 6 8 4 5 4 4 6 8 10 9 11 12 11 13 9 9 13 11 12 10 11 15 10 13 22 21 17 15 12 17 0 50 100 150 200 250 300 350 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Lathes Multitasking machines Grinders Others Machining centers 1USD ¥106.1 ¥112.4 ¥135.5 ¥144.6 ¥152.6 ¥148.7 1EUR ¥123.7 ¥130.6 ¥141.0 ¥156.8 ¥163.8 ¥171.8 ［Sales］ Quarterly Sales by Product Category （¥100 million） 【Actual exchange rate】 Note: 1Q ＝Apr- Jun, 2Q ＝Jul- Sep, 3Q ＝Oct- Dec, 4Q ＝Jan- Mar
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14 New orders Sales Backlog orders FY2024 3Q Total FY2025 3Q Total % change FY2024 3Q Total FY2025 3Q Total % change FY2024 3Q FY2025 3Q % change Lathes 220 257 16.8% 241 241 △0.2% 192 194 1.1% Machining centers 797 945 18.6% 732 931 27.3% 538 602 11.8% Multitasking machines 431 462 7.2% 443 436 △1.7% 157 207 32.0% Grinders 16 20 26.9% 18 14 △19.7% 8 14 71.1% Others 56 47 △16.2% 55 43 △22.6% 11 14 20.9% Total 1,520 1,731 13.9% 1,490 1,665 11.8% 907 1,031 13.7% ［Orders/Sales］ New Orders, Sales and Backlog Orders by Product Category （¥100 million） （¥100 million） （¥100 million）（¥100 million）（¥100 million）（¥100 million）
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15 2,381 2,509 74 100216 236211 210 100 100 Ended Mar 2025 Ended Dec 2025 Interest - bearing debt2,982 3,155 591 704 544 647 72 83 856 905 387 392 531 424 Ended Mar 2025 Ended Dec 2025 3,155 2,982 ［Comparison of Balance Sheets］ Net cash: ¥32.4 billion, Capital adequacy ratio: 76.2% Assets Liabilities and Net Assets （¥100 million） Cash and deposits Cash and deposits Inventories Inventories Accounts receivable Accounts receivable Other current assets Other current assets Property, plant and equipment Property, plant and equipment Other fixed assets Other fixed assets Total shareholders’ equity Total shareholders’ equity Other fixed liabilities Other fixed liabilities Other current liabilities Other current liabilities Notes and accounts payable Notes and accounts payable Interest - bearing debt
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16 Part 2 Forecast of Business Results for Fiscal Year 2025
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17 ［Forecast of Business Results for Fiscal Year 2025］ FY2024（Results） FY2025（Forecast） Ratio Ratio % change Sales 2,068 2,200 6.4% Operating income 147 7.1% 140 6.4% △4.4% Ordinary income 155 7.5% 145 6.6% △6.6% Net income 96 4.6% 100 4.5% 4.3% Exchange rate Actual rate for FY2024 1USD ＝ ¥152.6 1EUR ＝ ¥163.8 Assumed rate for FY2025 as of Nov 6, 2025 1USD ＝ ¥145.5 1EUR ＝ ¥170.5 ⚫ Sales: ¥220.0 billion. Operating income: ¥14.0 billion ⚫ Planned dividends: ¥100（1st half: ¥50, 2nd half: ¥50）* （¥100 million） （¥100 million） (Note) The Company implemented a 2-for-1 common stock split, effective October 1, 2024. The dividend per share forecast for FY2025 is shown after the stock split.
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18 ［Summary of Financial Results］ Factors Related to Changes in Operating Income 147 △14 △32 140 1 38 Note: “△” indicates a negative impact on operating income （¥100 million） FY 2024 Operating income FY 2025 Operating income Revenue increase Benefits from streamlined operations Influence of sales price and currency exchange rate Increased expenses, etc.
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19 New orders Sales Backlog orders FY2023 Results FY2024 Results FY2025 Forecast (Nov Revision) FY2023 Results FY2024 Results FY2025 Forecast (Nov Revision) FY2023 Results FY2024 Results Japan 608 674 625 703 618 590 308 365 Americas 611 627 680 700 630 630 193 190 Europe 392 326 355 414 334 335 138 130 Asia / Pacific 430 529 610 463 487 645 238 280 Total 2,040 2,156 2,270 2,280 2,068 2,200 876 965 Exchange rate Actual rate for FY2023 1USD ＝ ¥144.6 1EUR＝ ¥156.8 Actual rate for FY2024 1USD ＝ ¥152.6 1EUR ＝ ¥163.8 Assumed rate for FY2025 as of Nov 6, 2025 1USD ＝ ¥145.5 1EUR ＝ ¥170.5 ［Orders/Sales］ New Orders, Sales and Backlog Orders by Market Region （¥100 million） （¥100 million） （¥100 million） （¥100 million） （¥100 million）（¥100 million） （¥100 million） （¥100 million）
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20 Notice regarding Forecasts These materials are for the purpose of providing information to investors and are not intended to represent a buy or sell recommendation. Statements regarding future forecasts contained in these materials are based on targets and forecasts and do not represent definite promises or guarantees. These materials should be used with an awareness that the Company’s actual business results could differ materially from the Company’s current forecasts. Statements regarding industries, etc., have been prepared based on various types of data deemed to be reliable. However, the Company cannot guarantee the absolute accuracy and integrity of this data. We provide these materials on the assumption that client investors use their own judgment and assume responsibility when utilizing these materials in every instance. The Company assumes no responsibility in any instance. Disclaimer February, 2026