Overview

During the three months ended March 31, 2025 (January 1–March 31, 2025), the business environment in which the Group operates continued to be uncertain with the impact of U.S. trade policies, concerns over slowdown of the global economy, volatile exchange rates, and the persistently high resource and energy prices.

Under these conditions, the Group actively promoted sales activities and made progress on various measures, including measures intended to lower costs, improve productivity, and improve business efficiency.

Consequently, the financial results for the three months ended March 31, 2025 showed growth in sales and operating income YoY as outlined below, whereas ordinary income and net income attributable to owners of parent decreased YoY mainly due to a decrease in foreign exchange gains.

Performance by Industry Segment

In the Die Castings business, sales were up YoY while profits declined. Net sales in Japan and overseas increased with a recovery in automobile production in and outside Japan. Although higher net sales had a positive impact on profits, we were unable to fully offset the increase in fixed costs such as labor costs, resulting in a decline in profit.

In the Builders’ Hardware business, sales were up YoY and segment loss narrowed. Net sales increased both in Japan and overseas. However, the business has yet to return profitability despite higher sales and our efforts to improve productivity.

In the Printing Equipment business, both sales and profits increased YoY. Net sales decreased in Japan but increased overseas driven by growth mainly in North America and Asia. Profits increased due to higher sales despite the impact of rising raw material prices.

Forecasts for the Fiscal Year Ending December 31, 2025

As of May 12, 2025

Forecasts of consolidated financial results for the fiscal year ending December 31, 2025 remains unchanged from those announced on February 13, 2025 (during the announcement of financial results for the fiscal year ended December 31, 2024).