Consolidated Earnings Forecast for the Fiscal Year Ending December 2025

Regarding sales revenue, we have projected 184.7 billion yen. While there are uncertainties, such as reduced vehicle production due to the economic slowdown in the European market and the impact of the new U.S. administration's policies, this figure takes into account the commencement of supply to new businesses in the U.S. and China, as well as the growth of the Indian market.

Operating income is projected at a loss of ¥6,000 million, reflecting further strengthening of future growth investments.

The projected ordinary income and profit attributable to owners of the parent are estimated at a loss of ¥2.6 billion and ¥300 million, respectively, reflecting anticipated investment gains from equity-method affiliates.

Please note that for the fiscal year ending December 2025, the exchange rates have been assumed at 1 US dollar = ¥151.20 and 1 euro = ¥155.10.