Let me start by expressing our sincere gratitude for your continued support. I would like to take this opportunity to report on our business activities for the Second Quarter of the Fiscal Year Ending March 2026 .

The economic situation during the first half of the fiscal year under review remained uncertain due to U.S. trade policy, concerns about the future of the Chinese economy, and rising prices.

Under these circumstances, revenue for the first half of the fiscal year under review was 126,375 million yen (down 0.7% year on year), partly due to the impact of the appreciation of the yen, despite increased sales in India and China.

Operating income was 10,135 million yen (up 1.1% year on year), partly due to a decrease in product warranty expenses, despite the impact of the appreciation of the yen.

Interim profit before income taxes was 11,055 million yen (up 7.8% year on year), and interim profit attributable to owners of the parent was 8,965 million yen (up 16.4% year on year).

Regarding the interim dividend, we decided to pay 67 yen per share, taking into account overall business performance and other factors.

In the future business environment, it is expected that awareness of sustainability and the development of digital technologies will further accelerate in the medium to long term, and changes in companies and businesses will be required to provide new value in the CASE era, including electrification.Under the 12th Medium-Term Management Plan's business policy of "Toward a new FCC for the second founding" we will strive to continuously improve our corporate value by transforming our business structure and strengthening our management foundation.

To that end, we ask our shareholders for their continued support.

November,2025