Slides
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FY2026 2 nd Quarter Financial Results (2025/4－2025/9)
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1. FY2026 2nd Quarter Financial Results ＜Sales＞ ●Recorded the highest for the 2nd quarter due to increase in production volume at major customers. <Operating profit> ●Profits increased year-on-year due to increased sales and our cost reduction activity. 2. FY2026 Financial Forecast …Upward revision (Operating profit ¥20bn⇒¥29bn) ●Cumulative results through the 2nd quarter exceeded initial forecast. ●We will increase R&D expenses from next quarter due to strong orders. 3. Shareholder returns ●We decided to increase interim dividend +¥10 (Total ¥95⇒¥105/share) Summary 2/24
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Index 1. FY2026 2nd Quarter Financial Results （1）Consolidated Financial Results （2）Consolidated Sales (By Customer/Product) （3）Operating Profit Change Factors （4）Financial Results (By Region) 2. FY2026 Financial Results Forecast （1）Consolidated Financial Results Forecast （2）Consolidated Sales Forecast (By Customer/Product) （3）Operating Profit Change Factors Forecast （4）Financial Results Forecast (By Region) （5）Operating Profit Change Factors（vs Previous announcement) 3. Dividend 4. Trends in performance, Management KPI 3/24
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1. FY2026 2nd Quarter Financial Results
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FY2025 FY2026 2Q Actual 2Q Actual Forex Act.Change Sales 303.9 314.8 +10.9 3.6% ▲ 5.9 +16.8 Operating Profit 18.5 20.0 （％） (6.1%) (6.4%) Ordinary Profit 14.5 23.9 （％） (4.8%) (7.6%) Extraordinary Profit/ Loss 2.8 2.4 ▲ 0.4 - - ▲ 0.4 Profit attributable to owners of parent （％） (3.5%) (5.9%) USD Rate ¥153 ¥145 ▲ 8 EUR Rate ¥164 ¥166 +2 - - - 10.6 18.5 +7.9 73.6% ▲ 0.9 +8.8 Change Change ％ 【Details】 +9.4 64.7% ▲ 1.0 +10.4 +1.5 8.3% ▲ 0.9 +2.4 ※1：Gain on sales of investment securities +¥2.3bn, Gain on sales of fixed assets +¥0.7bn, Loss on valuation of fixed assets ▲¥0.3bn ※2：Gain on sales of investment securities +¥2.5bn ※1 Forex Loss▲5.3 Forex Gain 1.5 Unit:¥bn （）:Profit % ☆ indicates highest record ☆ ※2 （ 1 ） Consolidated Financial Results 5/24
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（ 2 ） Consolidated Sales (By Customer/Product) 6/24 （Unit:¥bn） 223.9 233.4 80.0 81.4 0 50 100 150 200 250 300 350 FY20252Q FY20262Q By Customer 303.9 314.8 Non- Toyota Toyota & Toyota Related 117.8 121.5 44.6 46.1 41.0 43.1 35.0 35.9 15.0 15.2 50.5 53.0 0 50 100 150 200 250 300 350 FY20252Q FY20262Q By Product 303.9 314.8 HMI Products Smart System Seat Belt Shift Lever Key Lock Others (74%) (26%) (74%) (26%) (39%) (15%) (13%) (12%) (5%) (16%) (39%) (15%) (14%) (11%) (16%) (5%)
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（ 3 ） Operating Profit Change Factors 7/24 FY2026 2nd Quarter：1.5 Billions Yen Increase (vs FY2025) （Unit:¥bn） Price up: ▲4.3 Price recovery: +5.6 U.S.Tariff:▲1.1 Labor Cost： ▲2.9 Expenses： ▲1.1 Depreciations: ▲1.0
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Forex Act.Change Sales 149.3 157.9 +8.6 5.8% ▲ 0.9 + 9.5 Operating Profit(%) 0.5 (0.4%) 1.2 (0.8%) +0.7 122.0% ▲ 0.6 + 1.3 Sales 82.6 87.1 +4.5 5.5% ▲ 4.9 + 9.4 Operating Profit(%) 4.0 (4.9%) 4.9 (5.6%) +0.9 22.2% ▲ 0.3 + 1.2 Sales 94.6 96.0 +1.4 1.5% ▲ 1.6 + 3.0 Operating Profit(%) 11.5 (12.2%) 12.1 (12.7%) +0.6 5.4% + 0.0 + 0.6 Sales 25.1 23.6 ▲ 1.5 ▲5.8% + 0.1 ▲ 1.6 Operating Profit(%) 1.8 (7.5%) 1.9 (8.2%) +0.1 3.5% ▲ 0.0 + 0.1 Sales ▲ 47.7 ▲ 50.0 ▲ 2.3 － + 1.4 ▲ 3.7 Operating Profit(%) 0.5 ▲ 0.2 ▲ 0.7 － － ▲ 0.7 Sales 303.9 314.8 +10.9 3.6% ▲ 5.9 + 16.8 Operating Profit(%) 18.5 (6.1%) 20.0 (6.4%) +1.5 8.3% ▲ 0.9 + 2.4 Asia FY2025 FY2026 2Q Actual 2Q Actual Japan Americas Change Change％ 【Details】 Europe Brazil Consolidation Adjustment Total Unit:¥bn （）:Profit % （ 4 ） Financial Results (By Region) 8/24
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2. FY2026 Financial Results Forecast
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Forex Act. Change Sales 617.6 620.0 +2.4 0.4% ▲ 15.6 +18.0 580.0 Operating Profit 35.4 29.0 20.0 （％） (5.7%) (4.7%) (3.4%) Ordinary Profit 34.4 34.0 20.0 （％） (5.6%) (5.5%) (3.4%) Extraordinary profit/loss 5.5 2.4 ▲ 3.1 － － ▲ 3.1 ▲0.0 Profit attributable to owners of parent （％） (4.5%) (4.2%) (2.4%) USD rate ¥151 ¥143 ▲8 ¥135 EUR rate ¥162 ¥163 +1 ¥155 FY2025 Actual FY2026 Forecast Change Change ％ Previous announce ment ▲ 6.4 ▲18.2% ▲ 2.1 ▲ 4.3 【Details】 27.8 26.0 ▲ 1.8 ▲6.5% ▲ 1.9 14.0 － － － ▲ 0.4 ▲1.4% ▲ 2.2 +1.8 +0.1 Unit:¥bn （）:Profit % Forex Loss ▲4.3 Forex Gain +0.2 Forex Loss ▲2.5 ☆ ☆ （ 1 ） Consolidated Financial Results Forecast 10/24☆ indicate the highest recordOct-Mar FX rate: ¥140/$ ¥160/€
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（ 2 ） Consolidated Sales Forecast (By Customer/Product) 11/24 （Unit:¥bn） 455.4 460.2 162.2 159.8 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 FY2025 FY2026 Forecast By Customer Non-Toyota Toyota & Toyota Related 238.8 237.8 91.7 93.7 84.0 84.0 71.3 69.4 29.8 28.4 102.0 106.7 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 FY2025 FY2026 Forecast By Product (74%) (26%) (39%) (38%) (15%) (14%) (12%) (5%) (15%) Smart System HMI Products (74%) (26%) (15%) (14%) (11%) (5%) (17%) Seat Belt Key Lock Shift Lever Others 617.6 620.0 617.6 620.0
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↓数値記入欄 FY2025 Forex Fixed Cost Others FY2026 黄色のセル：当期利益増減値を入力（※戦略投資分は除く） 水色のセル：戦略投資分を入力 四半期はテキストボックスで調整しているため注意 35.4 29.0 +2.0 +7.0 +0.8 ▲ 2.1 ▲ 3.9 ▲ 2.9 ▲ 7.3 0 10 20 30 40 FY2025 Production Volume Forex Selling Prices Material Prices Cost Reduction Fixed Cost Others FY2026 FY2026 Forecast：6.4 Billions YenDecrease (vs FY2025) （Forecast）（Actual） （Unit:¥bn） （ 3 ） Operating Profit Change Factors Forecast 12/24
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Forex Act.Change Sales 307.6 317.9 + 10.3 3.3% ▲ 2.1 + 12.4 Operating Profit(%) ▲ 0.7 (▲0.3%) ▲ 4.0 (▲1.3%) ▲ 3.3 － ▲ 1.1 ▲ 2.2 Sales 164.7 163.8 ▲ 0.9 ▲0.6% ▲ 10.3 + 9.4 Operating Profit(%) 8.0 (4.9%) 7.6 (4.6%) ▲ 0.4 ▲5.7% ▲ 0.4 ▲ 0.0 Sales 192.7 183.3 ▲ 9.4 ▲4.9% ▲ 7.5 ▲ 1.9 Operating Profit(%) 23.9 (12.4%) 22.6 (12.3%) ▲ 1.3 ▲5.7% ▲ 0.6 ▲ 0.7 Sales 49.3 46.5 ▲ 2.8 ▲5.7% + 0.2 ▲ 3.0 Operating Profit(%) 3.4 (7.1%) 2.8 (6.0%) ▲ 0.6 ▲19.9% + 0.0 ▲ 0.6 Sales ▲ 96.8 ▲ 91.5 + 5.3 － + 4.1 + 1.2 Operating Profit(%) 0.7 0.0 ▲ 0.7 － － ▲0.7 Sales 617.6 620.0 + 2.4 0.4% ▲ 15.6 + 18.0 Operating Profit(%) 35.4 (5.7%) 29.0 (4.7%) ▲ 6.4 ▲18.2% ▲ 2.1 ▲ 4.3 Europe Brazil Consolidation Adjustment Total 【Details】 Actual Forecast Japan Americas Asia FY2025 FY2026 Change Change ％ Unit:¥bn （）:Profit % （ 4 ） Financial Results Forecast (By Region) 13/24
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（ 3 ） Operating Profit Change Factors Forecast (vs Previous announcement) 14/24 ↓数値記入欄 Forex Fixed cost Others 黄色のセル：当期利益増減値を入力（※戦略投資分は除く） 水色のセル：戦略投資分を入力 四半期はテキストボックスで調整しているため注意 20.0 29.0 +3.0 +3.8 +2.3 +0.9▲1.0 0 5 10 15 20 25 30 35 FY2026 (Previous) Production Volume Forex Material Prices Fixed cost Others FY2026 (Forecast) FY2026 Forecast : 9.0 Billions Yen Increase (vs Previous announcement) （Unit:¥bn）
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3. Dividend
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(Unit:\) Dividend Payout 153.5% 53.6% 27.1% ※1 28.9% 34.4% Dividend Yield 4.0% 3.9% 2.9% 4.3% 3.9% ※２ 2.3% 2.4% 2.7% 3.1% 3.2% Dividend on Shareholder's Equity ¥30 ¥30 ¥36 ¥45 ¥45 ¥55 ¥30 ¥34 ¥39 ¥50 ¥50 ¥50 0 20 40 60 80 100 22/3 23/3 24/3 25/3 26/3（Previous） 26/3（Forecast） ¥60 ¥64 ¥75 ¥95 (Interim） (Interim） (Interim） (Interim） (Year-End） (Year-End） (Year-End） (Year-End） (Year-End） (Memorial Dividend ¥5) ¥95 (Interim） ¥105 (Interim） (Year-End） (Dividend increase +¥5) Dividend 16/24※1. Total payout was 86.0% through share buybacks ※2. Calculated based on stock prices as of the end of Sep.2025 Dividend increase +¥10
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4. Trends in performance, Management KPI
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Trends in Financial Results 18/24 Operating Margin (%) FX Rate(¥) (Ave.) USD 111 134 143 151 143 135 EUR 129 139 155 162 163 9.2 16.6 28.8 35.4 29.0 49.0 22/3 23/3 24/3 25/3 26/3 （Forecast） 31/3 （TRV Target) 1.9% 3.0% 4.6% 5.7% 4.7% 7.0% 700.0 487.3 553.1 623.5 617.6Operating Profit Sales 620.0
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6.2% 5.2% 4.9% 5.1% 5.5% 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 22/3 23/3 24/3 25/3 26/3(Forecast) Labor Cost Depreciation Expenses 29.030.4 30.5 31.6 34.0 （Unit：¥bn） Trends in R ＆ D cost 19/24 Ratio of R&D expenses to sales (%)
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Trends in Capital investment and Depreciation 20/24 Ratio of Capital investment to sales (%) 14.4 19.1 23.5 33.6 35.0 18.1 19.5 20.0 20.7 23.0 0 5 10 15 20 25 30 35 40 Capital Investment Depreciation 3.0% 3.5% 3.8% 5.4% 5.6% 22/3 23/3 24/3 25/3 26/3(Forecast) (Unit:¥bn)
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133.5 140.6 149.9 161.0 166.0 168.0 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 22/3 23/3 24/3 25/3 26/3 (Forecast) 31/3 (TRV Target) 27.4% 25.4% 24.0% 26.1% 26.8% 24.0% (Unit:bn¥) Fixed Cost（Consolidated） 1US$= ¥135 161.0 1US$= ¥135 ◆ 27.1% Trends in consolidated fixed cost 21/24 Ratio of Fixed cost to sales (%)
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FY2025 FY2026 (Forecast) 2,234 2,677 (Closing price at the end of Mar.2025) (Closing price at the end of Sep. 2025) 0.7 PER 6.8 8.8 PBR 0.6 61.9 63.2 ROE(%) 8.8 8.0 Stock Price（\） Equity Ratio（％） 306 BPS（\） 3,717 3,942 EPS（\） 328 530.7 Equity（\bn） 316.0 335.5 Total Assets（\bn） 510.9 10.5 4.0 8.3 8.8 8.0 0 2 4 6 8 10 12 '18/3 '23/3 '24/3 '25/3 '26/3 (Forecast) ROE Mid-Term Plan TR Vison's Target ROE 10％ 0.9 0.5 0.7 0.6 0.7 0 0.5 1 1.5 '18/3 '23/3 '24/3 '25/3 '26/3 (Forecast) PBR Management KPI 22/24※ Stock price: end of Sep 2025 ※
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Disclaimer This material contains forward-looking statements. Future forecasts are based on the judgment of the company's management based on currently available information. This forward-looking statement contains assumptions or bases based on assumptions, and the assumed facts and bases may differ from actual results depending on the circumstances. Although we or our management may express expectations or beliefs regarding future results, there can be no assurance that such expectations or beliefs, or results even close to them, will actually be achieved. Furthermore, unless otherwise required by law, the Company is not obligated to update any future outlook. 23/24
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Appendix 24/24 ◇ Capital Investment ◇ (Unit：\bn) Capital Investment 33.6 35.0 1.4 (Unit：\bn) For new products, automation, labor saving 10.8 21.7 For capacity expansion, maintenance,renewal 5.2 6.6 Strategic/Mirai investments 6.6 5.1 Others 12.4 1.6 FY2025 FY2026 Forecast YoY By RegionBy purpose Japan Americas Asia Others ◇ Number of employees ◇ (Unit：person) 20,157 59 FY2025 FY2026 Forecast Number of employees (excluding outside personnel and employees on leave) YoY 20,216 ◇ Sales by customer ◇ (Unit：\bn、％) Change % Total Sales 617.6 100.0 620.0 100.0 2.4 0.4 T oyota（Japan） 133.5 21.6 138.2 22.3 4.7 3.5 T oyota（Overseas） 273.8 44.3 271.2 43.8 ▲ 2.6 ▲ 0.9 Toyota related companies 48.0 7.8 50.7 8.2 2.7 5.6 Suzuki 22.5 3.6 22.9 3.7 0.4 1.9 Subaru 25.9 4.2 24.5 4.0 ▲ 1.4 ▲ 5.4 Ford 24.5 4.0 22.3 3.6 ▲ 2.2 ▲ 9.0 Isuzu 5.4 0.9 5.8 0.9 0.4 7.8 Mazda 4.6 0.8 4.3 0.7 ▲ 0.3 ▲ 6.2 Mitsubishi 4.9 0.8 4.7 0.8 ▲ 0.2 ▲ 3.8 Nissan 2.7 0.4 1.9 0.3 ▲ 0.8 ▲ 30.4 Others 71.3 11.6 72.9 11.7 1.6 2.3 FY2026 Forecast % % Year On Year FY2025 ◇ Sales by product ◇ (Unit：\bn、％) Change % Total Sales 617.6 100.0 620.0 100.0 2.4 0.4 Parts for Automobiles 563.3 91.2 559.9 90.3 ▲ 3.4 ▲ 0.6 HMI Products 238.8 38.7 237.8 38.4 ▲ 1.0 ▲ 0.4 Smart System 91.7 14.9 93.7 15.1 2.0 2.1 Seat belt 84.0 13.6 84.0 13.6 0.0 0.0 Shift Lever 71.3 11.5 69.4 11.2 ▲ 1.9 ▲ 2.7 Key Lock 29.8 4.8 28.4 4.6 ▲ 1.4 ▲ 4.8 Car Mirror 16.3 2.7 17.5 2.8 1.2 7.0 Connector 11.7 1.9 11.8 1.9 0.1 1.3 Steering Wheel 9.4 1.5 6.5 1.1 ▲ 2.9 ▲ 30.3 Others 10.0 1.6 10.5 1.6 0.5 5.1 17.4 2.8 18.0 2.9 0.6 3.3 General electrical parts, Others 36.9 6.0 42.0 6.8 5.1 14.0 For agricultural & construction machinery FY2025 FY2026 Forecast ％ ％ Year On Year