FY March 2026 First Quarter Financial Results were announced on August 5, 2025
LATEST RESULTS HIGHLIGHTS
The Latest Financial Results
FY March 2026 First Quarter Results
| (Billion Yen) | FY March 2025 | FY March 2026 | Change from Prior Year | |
|---|---|---|---|---|
| 1st Quarter | 1st Quarter | 1st Quarter | ||
| Global Sales Volume (Thousand Units) | 309 | 301 | -9 | -3% |
| Consolidated Wholesales (Thousand Units) | 291 | 266 | -25 | -9% |
| Net Sales | 1,205.6 | 1,099.8 | -105.8 | -9% |
| Operating Income | 50.4 | -46.1 | -96.5 | - |
| Ordinary Income | 80.3 | -34.3 | -114.6 | - |
| Net Income | 49.8 | -42.1 | -91.9 | - |
| Operating Return on Sales | 4.2% | -4.2% | -8.4pts | |
| EPS(Yen) | 79.1 | -66.8 | -145.9 | |
Exchange Rate (Yen) US Dollar Euro Thai Baht Mexico Peso |
156 168 4.25 9.06 |
145 164 4.37 7.42 |
-11 -4 +0.12 -1.64 | |
*Net income indicates net income attributable to owners of the parent
For the first quarter of fiscal year ending March 31, 2026 (April 1, 2025 through June 30, 2025), global sales volume was 301,000 units, down 3% year on year. While sales decreased due to running out of the current CX-5 model prior to the start of production of the new model particularly in Europe, sales in Japan and North America, especially Canada, exceeded those of the previous year.
Consolidated wholesale volume was 266,000 units, down 25,000 units year on year.
Net sales were ¥1,099.8 billion, down 9% from the prior year, and operating loss was ¥46.1 billion, down ¥96.5 billion from the prior year. Net loss attributable to owners of the parent was ¥42.1 billion, down ¥91.9 billion from the prior year.
In the first quarter, despite the impact of additional tariffs, global sales remained strong. In the currently highly uncertain environment, we focused on maximizing profitability and optimizing inventory to prepare for a turnaround.
Average exchange rates for the period were ¥145 to the US dollar, ¥11 stronger from the prior year and ¥164 to the euro, ¥4 stronger from the prior year.
FY March 2026 FORECAST
| (Billion Yen) | FY March 2025 | FY March 2026 | Change from Prior Year | |
|---|---|---|---|---|
| Full Year | Full Year | Full Year | ||
| Global Sales Volume (Thousand Units) | 1,303 | 1,300 | -3 | 0% |
| Consolidated Wholesales (Thousand Units) | 1,219 | 1,192 | -26 | -2% |
| Net Sales | 5,018.9 | 4,900.0 | -118.9 | -2% |
| Operating Income | 186.1 | 50.0 | -136.1 | -73% |
| Ordinary Income | 189.0 | 53.0 | -136.0 | -72% |
| Net Income | 114.1 | 20.0 | -94.1 | -82% |
| Operating Return on Sales | 3.7% | 1.0% | -2.7pts | |
| EPS(Yen) | 181.0 | 31.7 | -149.3 | |
Exchange Rate (Yen) US Dollar Euro Thai Baht Mexico Peso |
153 164 4.38 8.02 |
145 169 4.37 7.64 |
-8 +5 -0.01 -0.38 | |
*Net income indicates net income attributable to owners of the parent
For the fiscal year ending March 31, 2026 (April 1, 2025 through March 31, 2026), the full year forecast for global sales is 1.3 million units, the same level with the prior year.
Consolidated wholesales volume is 1.192 million units, down 2% year on year.
Net sales are ¥4,900 billion, down 2% from the prior year, and operating income is ¥50 billion, net income attributable to owners of the parent is ¥20 billion. Operating return on sales is expected to be 1.0%.
We will achieve a turnaround from the second quarter onwards by partially offsetting impact of tariffs through our efforts in sales areas such as optimization of market and grade mix and through cost improvements.
Our exchange rate assumptions are ¥145 to the US dollar, ¥8 stronger from the prior year, and ¥169 to the euro, ¥5 weaker from the prior year.
Graphs displaying results and financial data
Global sales volume (Thousands of Units)
Net Sales (Billions of Yen)
Operating Income (Billions of Yen)
Net Income Attributable to Owners of the Parent (Billions of Yen)
