Message to Shareholders & Investors

To all our stakeholders, we would like to express our deepest gratitude for your continued support.

Consolidated Financial Results for FY2024

Consolidated results for FY2024 were net sales of 279.1 billion yen and operating income of 22.8 billion yen (operating margin of 8.2%).
Net sales increased 4.6% year-on-year due to strong performance in the Mobility business and the depreciation of the yen, while operating income increased 7.5% year-on-year due to improved profitability in the Materials Handling business, and the operating income margin improved 0.2% (8.0% in the previous year).

Forecast of Consolidated Financial Results for FY2025

The global economy in FY2025 is expected to remain uncertain due to the trade war originating in the U.S., delayed recovery of the Chinese economy, and geopolitical risks in the Middle East that remain at a high level. The Japanese economy is also expected to be affected by overseas economies, and is expected to recover only moderately.
Under these circumstances, the Group will focus on strengthening the profitability of existing businesses and promoting the development of new businesses and products that will lead to sustainable growth, while being conscious of capital costs, with a view to achieving the goals set forth in the "Long-Term Vision 2030" and the "Mid-Term Management Plan 2025" launched in FY2021.

The consolidated earnings forecast for FY2025 is as follows.
Net sales　¥290.0 billion (3.9% increase year-on-year)
Operating income ¥21.5 billion (5.9% decrease year-on-year)

On May 14, 2025, the Company resolved to integrate Daido Kogyo Co., Ltd. through a simplified share exchange (making it a wholly owned subsidiary). Although the transaction is scheduled to take effect on January 1, 2026, subject to the approval of the relevant authorities under the Competition Law and other conditions, the impact of this transaction has not been factored into the consolidated earnings forecast for the full year.

As a corporate group that contributes to solving social issues, we will continue to further promote sustainability activities, including the realization of carbon neutrality, and we look forward to the continued support of our shareholders as we pursue these objectives.

May 2025
Kenji Kose, Chairman and Representative Director
Takatoshi Kimura, President and Representative Director