Slides
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Results Announcement for the First Half of FY2026 Securities code: 7313 Prime Market, Tokyo Stock Exchange https://www.tstech.co.jp/english
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Overview of Consolidated Results for the First Half Business Overview for the First Half Overview of Consolidated Forecasts President (Representative Director) Masanari Yasuda [FY2026]
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Overview of Consolidated Results for the First Half of FY2026
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All Rights Reserved. Copyright TS TECH CO.,LTD. Japan ChinaThe Americas Asia and Europe Total seat production (10,000 units) 112 (10,000 units) Production by region * Rounded to the nearest 10,000 units (Source: Company production data) 108 Consolidated 21 22 59 56 20 12 10 FY2025 first half FY2026 first half +4.9% (+10,000 units) -4.4% (-30,000 units) -0.1% (-fewer than 10,000 units) -19.3% (-20,000 units) -3.5% (-40,000 units) Overview of Consolidated Results for the First Half - Production of Seats for Honda Automobiles - 20 6 FY2025 first half FY2026 first half FY2025 first half FY2026 first half FY2025 first half FY2026 first half FY2025 first half FY2026 first half
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All Rights Reserved. Copyright TS TECH CO.,LTD. 5 ¥152.8 Reference Revenue [100 million yen] Operating income [100 million yen] Operating margin Average exchange rate [USD] ¥21.2[CNY] Overview of Consolidated Results for the First Half - Comparison to FY2025 - -6 FY2025 FY2026 Consolidated Results for the First Half Difference (Change) 1st-half Results1st-half Results 2,227 2,071 -71 66 27 3.0% 1.3% ¥146.0 Exchange rates impact [Figure included] -155 (-7.0%) -39 (-59.5%) ¥20.3 45 12 -32 (-71.7%) Income attributable to owners of parent [100 million yen] -5
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All Rights Reserved. Copyright TS TECH CO.,LTD. -6.0 -13.5 -0.1 9.7 -29.8 6 Results compared to FY2025 (Unit: 100 million yen) Reasons for Increase/Decrease in Operating Income Order volume Other production fluctuations Earnings recovery Overview of Consolidated Results for the First Half - Reasons for Increase/Decrease in Operating Income - 【前期実績 対 当期実績】2023年3月期 営業利益の増減要因 Income decreased due to lower production and higher expenses, which offset redoubled efforts to control costs. Exchange rates Other (expenses, etc.) / temporary expenses 27.0 1 .3 % 66.7 3.0% FY2026 First Half Results FY2025 First Half Results -39.7 （-59.5%） FY2025 First-half results FY2026 First-half results Difference Change Revenue ratio Revenue ratio Revenue 2,227 - 2,071 - -155 -7.0% Operating income 66 3.0% 27 1.3% -39 -59.5% Income attributable to owners of parent 45 2.0% 12 0.6% -32 -71.7% ・Higher expenses including the impact of wage increases, etc.
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Business Overview for the First Half of FY2026
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All Rights Reserved. Copyright TS TECH CO.,LTD. 8 OutlookOverview of First Half ■ Japan ◼ Easing of uncertainties related to trade policies ◼ Personal consumption projected to remain very low ⚫ Steady automobile demand anticipated due to effects of new models ■ Economy ● Automobile market ⚫ Revenue and operating income appear set to increase due to higher production. ⚫ Increased slightly due to effects of higher production at the customer. ⚫ Operating income decreased due to the exchange rates and higher expenses. [Business sentiment] PRELUDE 生産台数 FY2025 First Half Results FY2026 First Half Results 210,000 units 220,000 units Production units [Comparison of first half results and second half forecasts] FY2025 First Half Results FY2026 First Half Results Revenue/operating income 50.0 billion yen [Comparison to first half of previous year] 売上/営業利益 Seat for PRELUDE Honda [New model] First half results Second half plans Production units First half results Second half plans Revenue/operating income 220,000 units 240,000 units Business Overview - Segment conditions - 52.2 billion yen 4.1 billion yen 3.3 billion yen 52.2 billion yen 56.2 billion yen 3.3 billion yen 3.4 billion yen
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All Rights Reserved. Copyright TS TECH CO.,LTD. First Half results Second Half plans FY2025 First Half Results FY2026 First Half Results FY2025 First Half Results FY2026 First Half Results 9 OutlookOverview of First Half ■ The Americas ⚫ Operating income is projected to increase due to efforts to reduce expenses. ⚫ Revenue and operating income decreased due to foreign exchange fluctuations and reduced production at customers. 生産台数 590,000 units 560,000 units Production units Revenue/operating income 売上/営業利益 CIVIC Si Seat for CIVIC Si Production units First Half results Second Half plans Revenue/operating income ◼ Pace of economic growth projected to slow due to policy uncertainty ◼ Tax cuts and monetary easing expected to stimulate the economy ⚫ Demand for hybrids projected to remain steady HondaNorth America Business Overview - Segment conditions - [Business sentiment][Key model produced] [Comparison of first half results and second half forecasts][Comparison to first half of previous year] 132 billion yen 121.6 billion yen 3 billion yen 0.6 billion yen 121.6 billion yen 117.8 billion yen 0.6 billion yen 3.5 billion yen 560,000 units 520,000 units ■ Economy ● Automobile market
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All Rights Reserved. Copyright TS TECH CO.,LTD. EZ - 60 10 OutlookOverview of First Half ■ China ⚫ Revenue and operating income appear set to increase due to higher production and efforts to cut expenses. ⚫ Revenue decreased due to changes in the model mix. ⚫ Operating income remained comparable to the previous year due to efforts to reduce expenses. Changan-Mazda Production units FY2025 First Half Results FY2026 First Half Results Production units FY2025 First Half Results FY2026 First Half Results Revenue/operating income First Half results Second Half plans First Half results Second Half plans ◼ Steady economic growth due to stimulus policies ◼ Uncertainties related to trade negotiations with the US ⚫ Demand fluctuations due to trends in automobile subsidy policies Business Overview - Segment conditions - [Business sentiment][New model] Revenue/operating income [Comparison of first half results and second half forecasts][Comparison to first half of previous year] Seat for EZ-60 200,000 units 200,000 units 32.6 billion yen 27.1 billion yen 2.7 billion yen 2.8 billion yen 200,000 units 220,000 units 27.1 billion yen 2.8 billion yen 32.3 billion yen 4.4 billion yen ■ Economy ● Automobile market
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All Rights Reserved. Copyright TS TECH CO.,LTD. Overview of First Half 11 Outlook ■ Asia and Europe ⚫ Revenue and operating income appear set to increase due to higher production and efforts to cut expenses. SUZUKIIndia ⚫ Revenue remained comparable to the previous year due to the impact of lower production at major customers, despite growth in new business* sales. ⚫ Operating income decreased due to higher expenses. FY2025 First Half Results FY2026 First Half Results FY2025 First Half Results FY2026 First Half Results First Half results Second Half plans First Half results Second Half plans ◼ Ongoing steady personal consumption in Asian markets ◼ Uncertainty related to trade negotiations with the US ⚫ India: Growing automobile demand spurred by tax cuts e VITARA Seat for e VITARA * Sales to customers other than Honda Motor Co., Ltd. and its affiliates Business Overview - Segment conditions - [Business sentiment][New model] Production unitsProduction units Revenue/operating income Revenue/operating income [Comparison of first half results and second half forecasts][Comparison to first half of previous year] 120,000 units 100,000 units 20.6 billion yen 20.3 billion yen 0 billion yen - 0.5 billion yen 100,000 units 90,000 units 20.3 billion yen - 0.5 billion yen 22.1 billion yen 1.1 billion yen ■ Economy ● Automobile market
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All Rights Reserved. Copyright TS TECH CO.,LTD. 12 Seats for Honda automobiles New model PRELUDE Production facility: Japan Order: seats, doors An exciting, luxurious cabin space for Honda’s specialty coupe ■ Unique shape for high safety New model ■ Individually designed driver's and passenger's seat surfaces Hold and seating comfort designed individually A special feeling for each seat ・ Driver's seat designed to encourage spirited driving ・ Comfortable passenger's seat Stylish high seatback design also improves safety by absorbing the potential impact of rear passengers on the front seats. Driver's seat Passenger's seat Business Overview High Low
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All Rights Reserved. Copyright TS TECH CO.,LTD. 13 Seats for Changan Mazda automobile New model EZ-60 New model, new order, rear seats New commercial rights with a new customer in China Developed and introduced with short lead times Production facility: China Order: rear seats ■ Developed and introduced with short lead times Rear seats that maintain cost competitiveness and appealing design form factor to meet the needs of the China market We went from department to production in only about one year after receiving the commercial rights Securing additional commercial rights with Chinese automakers Business Overview ■ Well-designed rear seats
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All Rights Reserved. Copyright TS TECH CO.,LTD. 14 Seats for Maruti Suzuki India New model e VITARA Foot space and trunk space can be arranged freely through separate left-right reclining and front-back sliding. New model, new order, rear seat / front seat frame Developed front seat frame with cost-competitive power specifications Usable on a wide range of vehicles Business Overview Supplying the customer with equipment to enhance driving comfort at strategic cost Production facility: India Order: rear seat / front seat frame ■ Seat frame for use in multiple Maruti Suzuki models ■ Wide range of seat arrangements to augment support for driving comfort
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All Rights Reserved. Copyright TS TECH CO.,LTD. 15 Efforts to expand commercial rights for the Suzuki Group New Plant No. 2 begins operating as part of efforts to expand in the India market. Opening ceremony held at new Plant No. 2 in India for Maruti Suzuki TS TECH SUN RAJASTHAN PRIVATE LIMITED September 22, 2025 New Plant No. 2 opening ceremony e VITARA: rear seat / front seat frame* GRAND VITARA: front seat frame* VICTORIS: front seat frame* Models produced Maruti Suzuki * Powered New Plant No. 2: Exterior Business Overview
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All Rights Reserved. Copyright TS TECH CO.,LTD. 16 Aiming to secure additional commercial rights by sharing development capabilities and India business know-how Opening ceremony held at office of development / manufacturing joint venture with Krishna Group KRISHNA TS TECH AUTO PRIVATE LIMITED July 7, 2025 office opening ceremony Businesses include auto parts manufacturing for Maruti Suzuki. Accounts for high share of automobile seats for Maruti Suzuki. Krishna Group Business Overview Efforts to expand commercial rights for the Suzuki Group
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All Rights Reserved. Copyright TS TECH CO.,LTD. 17 Sales activities targeting Maruti Suzuki and other automakers for continued expansion in India * KSTS: KRISHNA TS TECH AUTO PRIVATE LIMITED Joint venture business scheme TS TECH (India) Development ordering Support provided for the time being Delivery Ordering Krishna Group Parts ordering TS TECH (Japan) Joint venture: KSTS (Development, production) Maruti Suzuki Parts delivery Ordering Delivery Supporting KSTS* to strengthen development capability and achieving early independence India market Proactive sales activities targeting high - performance seats ・ Growing automobile market ・ Increasing demand for high-performance seats Business Overview Efforts to expand commercial rights for the Suzuki Group Other Indian automakers 3 local developed models: Expected to be ordered in the second half
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All Rights Reserved. Copyright TS TECH CO.,LTD. Further expansion in new businesses expected from securing new commercial rights and considering new domains 18 386 471 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 FY2030 New business sales trend by period [100 million yen] Finalized order amount Competitive participation / new business 15th Med-Term Plan 16th Med-Term Plan 2030 Obtaining new commercial rights / Capturing new domains Approx. 730 Maruti Suzuki e Vitara rear seats Front seat frames, three models Changan Mazda EZ-60 rear seats GAC Group Door trim for two models North American automakers Trim cover for one model, other new businesses Toward 150 billion yen scale • Suzuki Group (prioritizing Japan, India) North American automakers / Chinese automakers: expanding commercial rights • M&As (three companies under consideration) ,etc. Progress on further expanding new business Business Overview Initial Target 870
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All Rights Reserved. Copyright TS TECH CO.,LTD. 19 Impact of trade policies in the Americas While the future outlook is uncertain, trade policies are currently having negligible impact. New additional tariffs currently apply within the USMCA.* Parts exports: very small Additional tariffs passed on to selling prices * USMCA (United States-Mexico-Canada Agreement): North American free trade agreement launched in July 2020 for trilateral trade facilitation and further economic integration Trim covers, etc. etc. Business Overview
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All Rights Reserved. Copyright TS TECH CO.,LTD. 20 Efforts toward a V-shaped recovery in North America Despite the effects of unplanned lower production, earnings are recovering due to automation and other initiatives 124 101 88 88 113 117 Production units (10,000 units) 80 - 2 -31 3233 FY20 FY21 FY22 FY23 FY24 FY25 FY26 61 108 Earnings recovery measures ・Adoption of automation equipment ・Procurement structure reforms ・Management domain reforms, etc. [100 million yen] Operating income trend in the Americas segment Forecast ・ Transport speed: 40% increase ・ Annual repair costs in plant: About 1/6 ・ Transport personnel: 25% reduction * vs. Previous model (electromagnetically guided) ■ Automated warehouse expansion: Operation to begin in stages starting in second half Expansion will enable flexible production Production losses will decrease with operation of independent front- and rear-seat production lines Similar progress is underway at other facilities Shipment AfterBefore In operation On standby Losses arose ■Autonomous parts transport robots: In operation Also planning switchover to large parts transport robots Suspended Impacts of lower production and expenses from adjustments to operating days Business Overview Shipment Suspended 42
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All Rights Reserved. Copyright TS TECH CO.,LTD. S A I T A M A 21 Building high efficiency production structures Reorganizing production to enhance the Saitama district’s functions as global base plant Refining manufacturing technologies and reinforcing the revenue base for high-efficiency production Saitama Plant (Gyoda, Saitama Prefecture) Component Business Department Production Engineering Technology Building Consolidation completed October 2025 Operation began September 2025 Consolidation of Saitama district Production Engineering Technology Building completed September 25, 2025 completion ceremony Completion of production reorganization in the Saitama district To be renamed the Gyoda Plant in April 2026 Business Overview Consolidation through 12 years ４plants ▼ １plant Konosu Plant Parts Center （ former: Sayama Plant ） Kawagoe Plant Saitama Plant
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All Rights Reserved. Copyright TS TECH CO.,LTD. 22 As the global base plant in Japan, facilitating the launch of new models around the world ● Providing feedback to design sections based on verification results ● Minimizing production losses on launch of mass production ・ Advanced production technology development ・ Die development etc. Saitama Plant: Production Engineering Technology Building ・ Rapid identification of suitable product specifications ・ Verification of optimal production methods Saitama Plant New Production Engineering Technology Building to enable demonstration testing of manufacturing technologies and mass production Hamamatsu Plant Engineering Centers Tochigi facility: EGC Consolidation of production engineering personnel in Japan Consolidated and more efficient launch of new models Suzuka Plant Development of new production technologies (e.g., automation equipment) Verification of product specifications on pilot lines Roles of the Production Engineering Technology Building Business Overview Building high efficiency production structures ・ Work on mass production models ・ Production line verification etc.
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All Rights Reserved. Copyright TS TECH CO.,LTD. 14th Medium-Term Management Plan April 2020 – March 2023 15th Medium-Term Management Plan April 2023 – March 2026 2030 FY25 FY26 FY27 FY28 FY29 FY30FY21 FY22 FY23 FY24 16th Medium-Term Management Plan April 2026 – March 2029 700 billion yen 600 billion yen Revenue trend Current trend 2030 Vision 23 Illustration of trends under the 15th Medium-Term Management Plan Rolling out various strategies, and planning to announce the 16th Medium-Term Management Plan with the year-end results ⚫ Securing new commercial rights with major existing customers and new customers ⚫ Studying entry to new domains (including M&As) ⚫ Rebuilding earning power ■ Toward the next Medium - Term Management Plan Poor performance of Japanese manufacturers in the China market Higher material costs Higher labor costs Postponements of new model introductions Revisions in numbers of EV models Trade policies Dramatically changing business environment Business Overview Illustration of trend in assumed number of units Pronounced shortfall from plans 2.68 million units 2.41 million units 2.30 million units 2.34 million units 2.31 million units
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All Rights Reserved. Copyright TS TECH CO.,LTD. 24 Numerous overseas facilities celebrated anniversaries in 2025 TRMD 20周年記念 5月 TRIMOLD LLC 20th anniversary ceremony Americas TS TECH USA CORPORATION 30th anniversary ceremony Americas TS TECH AMERICAS, INC. 30th anniversary ceremony Americas Business Overview
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All Rights Reserved. Copyright TS TECH CO.,LTD. 25 Strengthening solidarity within the TS TECH Group to overcome a challenging business environment Wuhan TS - GSK AUTO PARTS Co., Ltd. 20th anniversary ceremony China GUANGZHOU TSK AUTO PARTS CO., LTD. 20th anniversary ceremony China PT. TS TECH INDONESIA Plant No. 1 20th anniversary ceremony Indonesia PT. TS TECH INDONESIA Plant No. 3 10th anniversary ceremony Indonesia Business Overview Numerous overseas facilities celebrated anniversaries in 2025
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Overview of Consolidated Forecasts for FY2026
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All Rights Reserved. Copyright TS TECH CO.,LTD. 27 Consolidated Forecasts for FY2026 Revenue [100 million yen] Operating income [100 million yen] Operating margin Average exchange rate [USD] [CNY] Results First half 2,071 27 1.3% Consolidated results Full year Previous forecasts (May 14) Current forecasts (November 14) (-2.3%)4,300 -1004,200 +94 (-27.3%)165 -45120 +9 3.8% 2.9% Year-on-year difference (Change) Exchange rates Impact [Figure included] Reference 12 (-26.3%)95 -2570 ¥146.0 ¥20.3 ¥143.0 ¥20.0 ¥147.0 ¥20.6 Income attributable to owners of parent [100 million yen]
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All Rights Reserved. Copyright TS TECH CO.,LTD. 前期実績 [11/14]今回見通し 28 November 14 forecasts compared to FY2025 results (Unit: 100 million yen) Consolidated Forecasts for FY2026 Income projected to decrease due to lower production and exchange rate fluctuations, despite the efforts to reduce costs 【前期実績 対 当期実績】FY2025 results FY2026 Current forecasts (November 14) Difference Change Revenue ratio Revenue ratio Revenue 4,605 - 4,200 - -405 -8.8% Operating income 164 3.6% 120 2.9% -44 -27.0% Income attributable to owners of parent 86 1.9% 70 1.7% -16 -18.9% -2.0 -7.6 -79.2 10.9 33.7Exchange rates Order volume Other production fluctuations Earnings recovery Other (expenses, etc.) / temporary expenses 164.2 3.6% 120.0 2.9 ％ Current forecasts (November 14) -44.2 （-27.0%） Reasons for Increase/Decrease in Operating Income FY2025 Results
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All Rights Reserved. Copyright TS TECH CO.,LTD. 5/14対発 [11/14]今回見通し前回見通し [5/14発表] 29 November 14 forecasts compared to May 14 forecastsConsolidated Forecasts for FY2026 18.3 9.2 -36.0 -26.1 -10.4Exchange rates Order volume Other production fluctuations Earnings recovery 165.0 3.8% 120.0 2.9% -45.0 （-27.3%） FY2026 Previous forecasts (May 14) FY2026 Current forecasts (November 14) Difference Change Revenue ratio Revenue ratio Revenue 4,300 - 4,200 - -100 -2.3% Operating income 165 3.8% 120 2.9% -45 -27.3% Income attributable to owners of parent 95 2.2% 70 1.7% -25 -26.3% (Unit: 100 million yen) Reasons for Increase/Decrease in Operating Income Other (expenses, etc.) / temporary expenses Previous forecasts (May 14) Current forecasts (November 14) Income projected to decrease due to lower production, despite the positive effect of foreign exchange fluctuations.
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All Rights Reserved. Copyright TS TECH CO.,LTD. 30 FY2026 DOE 3.5% Projected 12th Medium-Term Management Plan period 14th Medium-Term Management Plan period 15th Medium-Term Management Plan period 13th Medium-Term Management Plan period TS TECH implemented a two-for-one common stock split effective April 1, 2021. Cash dividends were calculated on the assumption that the relevant stock split had been implemented at the beginning of FY201 5. Consolidated Forecasts for FY2026 30 33 35 40 42 43 45 54 63 73 83 90 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Dividend trends Dividends grew for 14 consecutive years Shareholder returns increasing steadily in line with the shareholder return policy 90 Total dividends (100 million yen) DOE Dividend per share (yen) Targeting business growth and increased capital efficiency for stable dividend increases 41 45 48 54 57 58 61 72 81 93 99 106 2.4% 2.3% 2.3% 2.4% 2.3% 2.3% 2.3% 2.5% 2.8% 3.0% 3.2%
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All Rights Reserved. Copyright TS TECH CO.,LTD. IR inquiries: TS TECH Co., Ltd. Corporate Communication Department Phone: +81-48-462-1136 Forward-looking statements and earnings forecasts contained in this presentation represent TS TECH’s assumptions based on information currently available and are subject to a degree of risk and uncertainty. Therefore, please bear in mind that actual results may vary significantly from the forward-looking statements contained in this presentation due to a range of variable factors. This presentation has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
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All Rights Reserved. Copyright TS TECH CO.,LTD. 32 (Unit: 100 million yen) Appendix: Consolidated Results for the First Half of FY2026 [Results compared to FY2025] * R&D expenses refers to expenses related to R&D activities that occurred during this period. Under IFRS, a portion of these expenses is recorded as intangible assets, making the amount different from the figure recorded for R&D expenses in the consolidated statement of income. FY2025 Results FY2026 Results Difference Change Revenue ratio Revenue ratio Revenue 2,227.0 100.0% 2,071.3 100.0% -155.6 -7.0％ Operating income 66.7 3.0% 27.0 1.3% -39.7 -59.5％ Income attributable to owners of parent 45.3 2.0% 12.8 0.6% -32.5 -71.7％ Capital investment 100.2 110.5 ＋10.3 ＋10.3％ Depreciation 59.7 60.9 +1.1 +2.0％ R&D expenses* 97.9 71.5 -26.3 -26.9％ Exchange rates (average) USD ¥152.8 ¥146.0 CNY ¥21.2 ¥20.3 Cash dividends per share ¥40 ¥44 Factors for rise/fall Revenue Operating income/Net income ・ Revenue decreased slightly due to factors such as foreign exchange fluctuations and lower production for major customers, chiefly in the Americas and Asia, despite improvements in the model mix. ・ Operating income decreased due to lower revenue and increased expenses, despite efforts to cut costs.
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All Rights Reserved. Copyright TS TECH CO.,LTD. 33 Appendix: First Half of FY2026 Results According to Segment [Results compared to FY2025] 33 Japan Asia and EuropeChina The Americas (Unit: 100 million yen) Change (%) Change (%) Change (%) Change (%) 前期実績 当期実績 前期実績 当期実績前期実績 当期実績 1,320.1 30.4 2.3% 前期実績 当期実績 522.3 271.2 206.9 Revenue -3.7 (-1.8%) Revenue was comparable by increase in new business* sales and improvement in the model mix, despite lower production for major customers. Operating income -6.1 ( - ％) Operating income decreased due to lower revenue and higher expenses. Exchange rates effect Revenue Operating income -1.9 0.6 Revenue -103.4 (-7.8%) Revenue decreased by the impact of foreign exchange rates and lower production for major customers, despite an improvement in the model mix. Operating income -24.3 (-80.0%) Operating income decreased due to lower revenue and higher expenses. Exchange rates effect Revenue Operating income -59.2 -0.9 Revenue -55.2 (-16.9%) Revenue decreased due to changes in the model mix and fluctuations in foreign exchange rates. Operating income 0.4 (1.8%) Operating income was comparable by lower expenses, despite lower revenue. Exchange rates effect Revenue Operating income -11.5 -1.3 500.6 0.2 0.1% 28.0 10.3% 33.8 6.5% 41.2 8.2% 1,216.6 6.1 0.5% 326.5 27.5 8.4% 203.2 - 5.8 - % Revenue 21.7 (4.3%) Revenue slightly increased by improvement in the model mix and the effect of higher production for major customers. Operating income -7.3 (-17.8%) Operating income decreased due to the absence of the previous term's one-time profit, as well as fluctuations in foreign exchange rates and higher expenses, despite the positive effect of higher revenue. * Sales to customers other than Honda Motor and its affiliates FY2026 Results FY2025 Results FY2026 Results FY2025 Results FY2026 Results FY2025 Results FY2026 Results FY2025 Results
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All Rights Reserved. Copyright TS TECH CO.,LTD. 40 (Unit: 100 million yen) * R&D expenses refers to expenses related to R&D activities that occurred during this period. Under IFRS, a portion of these expenses is recorded as intangible assets, making the amount different from the figure recorded for R&D expenses in the consolidated statement of income. FY2025 Results FY2026 Change from FY2025 Change from forecasts May 14 forecasts November 14 forecasts Revenue 4,605.1 4,300.0 4,200.0 ▲405.1 ▲8.8% ▲100.0 ▲2.3% Operating income 164.2 165.0 120.0 ▲44.2 ▲27.0% ▲45.0 ▲27.3%Revenue ratio 3.6% 3.8% 2.9% Income attributable to owners of parent 86.3 95.0 70.0 ▲16.3 ▲18.9% ▲25.0 ▲26.3%Revenue ratio 1.9% 2.2% 1.7% Capital investment 216.5 230.0 240.0 +23.4 +10.8% +10.0 +4.3％ Depreciation 124.8 125.0 120.0 －4.8 －3.9% －5.0 －4.0% R&D expenses* 194.9 160.0 150.0 －44.9 －23.1% －10.0 －6.3% Exchange rates USD ¥152.6 ¥143.0 ¥147.0 CNY ¥21.1 ¥20.0 ¥20.6 Cash dividends per share ¥83 ¥90 ¥90 Revenue Operating income/Net income Factors for rise/fall Change from FY2025 ・Revenue is projected to decrease due to lower production and the impact of foreign exchange fluctuations. ・Operating income is projected to decrease due to lower production and the impact of foreign exchange fluctuations. Change from forecasts ・Revenue is projected to decrease due to lower production, despite the positive effects of foreign exchange fluctuations. ・Operating income is projected to decrease due to lower production, despite the positive effects of foreign exchange fluctuations. Appendix: Overview of Consolidated Forecasts for the Full Year of FY2026 [November 14 forecasts compared to FY2025 results] [November 14 forecasts compared to May 14 forecasts]
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All Rights Reserved. Copyright TS TECH CO.,LTD. 42 The AmericasJapan Asia and EuropeChina (Unit: 100 million yen) Change (%) Change (%) Change (%) Change (%) Appendix: First Half of FY2026 Results According to Segment [November 14 forecasts compared to May 14 forecasts] Revenue -65.0 (-13.3%) Revenue is projected to decrease due to decreased production. Operating income -24.0 (-80.0％) Operating income is projected to decrease due to the impact of lower revenue, despite efforts to reduce expenses. Exchange rates effect Revenue Operating income 5.5 -0.3 Revenue 5.0 (0.2%) Revenue is projected to increase due to the effects of foreign exchange fluctuations. Operating income -38.0 (-47.5%) Operating income is projected to decrease due to higher expenses. Exchange rates effect Revenue Operating income 70.8 2.1 Revenue -5.0 (-0.8%) Revenue is projected to deccrease due to changes in the model mix, despite increased production. Operating income 1.0 (1.4%) Operating income is projected to increase due to efforts to reduce expenses, despite the impact of lower revenue. Exchange rates effect Revenue Operating income 19.0 2.6 Revenue 25.0 (2.4%) Revenue is projected to increase due to improvements in the model mix and the effects of foreign exchange fluctuations. Operating income 17.0 (33.3%) Operating income is projected to increase due to increased revenue. May 14 forecasts November 14 forecasts 2,390.0 2,395.0 80.0 3.3% 42.0 1.8% May 14 forecasts November 14 forecasts 490.0 425.0 30.0 6.1% 6.0 1.4% May 14 forecasts November 14 forecasts 72 .0 12.0% 7 3.0 12.3 % 600.0 595.0 May 14 forecasts November 14 forecasts 1,060.0 51.0 4.8% 68.0 6.3% 1,085.0
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All Rights Reserved. Copyright TS TECH CO.,LTD. 47 TotalJapan The Americas China Asia and Europe Total Depreciation Capital investment (Unit: 100 million yen) Appendix: FY2026 Capital Investment and Depreciation [November 14 forecasts compared to May 14 forecasts] 216.5 230.0 240.0 0.0 FY2025 results May 14 November 14 63.3 76.0 0.0 FY2025 results May 14 November 14 FY2026 forecasts 73.0 115.8 107.0 0.0 FY2025 results May 14 November 14 FY2026 forecasts FY2026 forecasts 122.0 15.9 10.0 FY2025 results May 14 November 14 FY2026 forecasts 7.0 21.3 37.0 FY2025 results May 14 November 14 FY2026 forecasts 38.0 124.8 125.0 120.0 FY2025 results May 14 November 14 FY2026 forecasts
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Copyright © - Corporate Managerial Planning Dept. - TS TECH CO.,LTD.