Slide 1: FY2025 Financial Results
FY2025 Financial Results October 9, 2026 IRISO ELECTRONICS CO., LTD.（6908） Together, surpassing expectations by empowering connections to enrich society and delight people. Copyright © 2026 IRISO ELECTRONICS CO.,LTD. All Rights Reserved.
Slide 2: Contents
Contents 1. Third-Party Committee Investigation Results and Recurrence Prevention Measures 2. FY2025 Financial Results 3. FY2026 Earnings Forecast 4. Appendix Copyright © 2026 IRISO ELECTRONICS CO.,LTD. All Rights Reserved. 1
Slide 3: Introduction
Introduction The investigation conducted by the third-party committee identified improper payments, as well as accounting and quality-related issues. We sincerely apologize for concerns and inconvenience caused to our shareholders and investors, customers, business partners, and all other stakeholde
Slide 4: 1. Background (From Discovery to Investigation Completion)
1. Background（From Discovery to Investigation Completion） ・ The third-party committee was established to objectively verify the facts and identify the causes after suspicions of improper payments arose. ・ During the investigation, financial/accounting and quality/inspection issues were also identifi
Slide 5: 2. Details of Matter (Improper Payments at Overseas Subsidiaries)
2. Details of Matter (Improper Payments at Overseas Subsidiaries) The following is based on the report of the third-party committee. 1. Improper Payments to an Attorney (Possible Transfer of Funds to a Judge) To resolve a prolonged labor dispute, fees substantially above market rates were paid to Ba
Slide 6: 2. Details of Matter (Financial Reporting and Accounting Treatments)
2. Details of Matter (Financial Reporting and Accounting Treatments) 1. Delays in Closing and Audit Procedures Completion of the financial statement audit by the local auditor was repeatedly delayed. Background Five accounting staff members resigned at the same time, causing severe disruption of the
Slide 7: 2. Details of Matter (Quality Management and Quality Assurance)
2. Details of Matter (Quality Management and Quality Assurance) 1. Failure to Obtain Approval for 4M Changes Note:4M changes refer to any changes involving Man, Machine, Material and Method Changes, including mold changes for catalog products, were implemented under internal procedures without Backg
Slide 8: 3. Causes of Matter
3. Causes of Matter Fundamental Organizational Issues Shared Across Company 1. Corporate Culture That Prioritized Sales and Delivery Deadlines Sales and delivery deadlines were prioritized over compliance, safety, and quality. 2. A Culture Where People Found It Difficult to 3. Insufficient Complianc
Slide 9: 4. Measures to Prevent Recurrence
4. Measures to Prevent Recurrence We do not treat these measures as temporary corrective actions. We will transform our organizational culture holistically. 1. Reforming Corporate Culture to Prioritize Compliance • Management’s strong commitment to putting compliance, safety, and quality first ➙ Man
Slide 10: 5. Personnel Actions / Clarifying Management Responsibility
5. Personnel Actions / Clarifying Management Responsibility We take the investigation results very seriously and will clarify management responsibility. 1. Transition to New Management Structure ・Change of President and Representative Director ・Abolition of Honorary Chairman position 2. Voluntary Wa
Slide 11: 6. Commitment to Building Trust
6. Commitment to Building Trust We put “Compliance” and “Safety & Quality” first in every aspect of our business activities. Effective October 1, these principles have been placed at the top of our Standards of Conduct. Copyright © 2026 IRISO ELECTRONICS CO.,LTD. All Rights Reserved. 10
Slide 12: 7. President's Commitment
7. President’s Commitment We believe that the fundamental cause of the matter was that executives and employees did not have a strong awareness of compliance, and the company failed to properly identify risks or provide effective management and supervision. Everyone working at the company must take
Slide 13: Contents
Contents 1. Third-Party Committee Investigation Results and Recurrence Prevention Measures 2. FY2025 Financial Results 3. FY2026 Earnings Forecast 4. Appendix Copyright © 2026 IRISO ELECTRONICS CO.,LTD. All Rights Reserved. 12
Slide 14: 1. FY2025 Financial Highlights
1. FY2025 Financial Highlights Operating Operating EBITDA Record Net Sales Profit Profit Margin Margin High FY2025 Full Year FY2025 Full Year FY2025 Full Year FY2025 Full Year ¥ 61.9B ¥5.43B 8.8% 19.8% (＋9.9%) (-0.2%) (-0.9pts) (-2.4pts) Note:（）indicates YoY change Note: EBITDA Margin:(Operating Pro
Slide 15: 2. FY2025 Consolidated Results Summary
2. FY2025 Consolidated Results Summary Unit: Yen in Millions FY2024 FY2025 YoY VS. Forecast Full-Year % Full-Year % Change % Net Sales 56,385 100.0% 61,961 100.0% ＋5,576 ＋9.9% ＋3,961 Mobility 48,601 86.2% 52,234 84.3% ＋3,632 ＋7.5% ＋2,334 Industrial 3,160 5.6% 5,280 8.5% +2,119 +67.1% ＋1,280 Consumer
Slide 16: 3. Operating Profit Change Factor (YoY)
3. Operating Profit Change Factor（YoY） Unit: Yen in Millions FY2024 FY2025 YoY Full Year Full Year Change % Operating Profit 5,449 5,436 -12 -0.2% Operating Profit 9.7％ 8.8％ - -0.9pts Margin ＋2,400 -2,200 5,449 -500 ＋2,587 5,436 -500 Price of Gold per -1,800 Ounce ＋53％ 【 - 】・Cost 【＋】・Cost cutting ・A
Slide 17: 4. Operating Profit Change (VS. Forecast)
4. Operating Profit Change（VS. Forecast） Unit: Yen in Millions FY2025 VS. Forecast Forecast Results Change % Operating Profit 5,500 5,436 -63 -1.2% Operating Profit 9.5% 8.8％ - -0.7pts Margin ＋150 -250 +300 -300 ＋1,300 +150 -1,414 5,500 Price of copper per ounce ＋6％ 5,436 【＋】・Cost cutting 【USD】 【 -
Slide 18: 5. Sales by Market: Mobility
5. Sales by Market: Mobility Mobility : ¥＋3,632 mm YoY (＋7.5%) ◼ Infotainment (+6.0%) Unit: Yen in Millions ・Robust sales of high-speed transmission floating BtoB connectors for LCD panels, IVI 48,601 52,234 systems and ECU. ＋9.0% 8,475 7,772 ◼ Sensor (-0.1%) ＋12.9% ・Decrease in sales for auto radar
Slide 19: 6. Net Sales by Market: Industrial and Consumer
6. Net Sales by Market: Industrial and Consumer Industrial : ¥＋2,119 mm YoY (＋67.1%) Unit: Yen in Millions 5,280 ・Vs. FY2024: Partial recovery in the energy management equipment market, as well as in the FA equipment market for Japanese customers. 3,160 【Quarterly Trends】 FY2024 FY2025 QoQ Q1 Q2 Q3
Slide 20: Contents
Contents 1. Third-Party Committee Investigation Results and Recurrence Prevention Measures 2. FY2025 Financial Results 3. FY2026 Earnings Forecast 4. Appendix Copyright © 2026 IRISO ELECTRONICS CO.,LTD. All Rights Reserved. 19
Slide 21: 1. FY2026 Earnings Forecast
1. FY2026 Earnings Forecast Operating Operating EBITDA Record Net Sales Profit Profit Margin Margin High FY2026 Forecast FY2026 Forecast FY2026 Forecast FY2026 Forecast ¥ 67.0B ¥ 3.5 B 5.2% 14.8% (＋8.1%) (-35.6%) (-3.6pts) (-5.0pts) Net Sales Note:（）indicates YoY change Note: EBITDA Margin:(Operatin
Slide 22: 2. FY2026 Earnings Forecast
2. FY2026 Earnings Forecast Unit: Yen in Millions FY2025 FY2026 YOY Results Forecast Change % Net Sales 61,961 67,000 ＋5,038 ＋8.1％ Cost of Goods Sold 71.6% 74.0% ＋2.4pts Cost of Goods Sold 5,436 3,500 -1,936 -35.6％ Operating 8.8% 5.2% -3.6pts Profit Margin Pretax Profit 6,132 2,700 -3,432 -56.0％ Qua
Slide 23: 3. Operating Profit Change Factor (YoY)
3. Operating Profit Change Factor（YoY） Unit: Yen in Millions FY2025 FY2026 YoY Results Forecast Change % Operating Profit 5,436 3,500 -1,936 -35.6% Operating Profit 8.8％ 5.2％ - -3.6pts Margin ＋1,200 ＋100 -2,500 5,436 +964 -550 -100 -1,050 ・Price of gold per 【＋】・Cost cutting 3,500 ounce ＋23％ 【 - 】・ S
Slide 24: 4. FY2026 Net Sales Plan by Market
4. FY2026 Net Sales Plan by Market Unit: Yen in Millions FY2024 FY2025 FY2026 YoY Main Factor Net Net Sales % Net Sales % Sales % Change % Mobility Total 48,601 86.2％ 52,234 84.3％ 57,000 85.1％ ＋4,765 ＋9.1％ Growing sales of floating high-speed transmission board-to- Infotainment 21,231 37.7％ 22,505 3
Slide 25: 5. FY2026 Key Business Strategies (From October 2026)
5. FY2026 Key Business Strategies (From October 2026) Internal Control and Governance Strategic Details Priorities ・Transform the corporate culture to place the highest priority on compliance, safety and quality. Recurrence ・Culture where people found it difficult to speak up. Prevention ・Insufficie
Slide 26: Contents
Contents 1. Third-Party Committee Investigation Results and Recurrence Prevention Measures 2. FY2025 Financial Results 3. FY2026 Earnings Forecast 4. Appendix Copyright © 2026 IRISO ELECTRONICS CO.,LTD. All Rights Reserved. 25
Slide 27: 1. QoQ Changes in Net Sales and Operating Profit
1. QoQ Changes in Net Sales and Operating Profit Unit: Yen in Millions 16,155 15,052 15,797 15,187 14,820 14,595 14,121 12,616 12.4% 11.5% 11.0% 11.0% 10.8% 6.8% 6.2% 2.8% 1,814 1,737 1,547 1,740 1,745 1,009 940 348 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2024 FY2025 Net Sales Operating Profit Operating Profit Ma
Slide 28: 2. Net Sales by Region and Product
2. Net Sales by Region and Product By Region Unit: Yen in Millions FY2024 FY2025 FullUnit: YearYen YoYin Millions Full Year % Q1 Q2 Q3 Q4 Full Year % Change % Japan 9,031 16.0% 2,567 2,374 2,476 2,444 9,863 15.9% ＋831 ＋9.2% Greater China and S.Korea 25,028 44.4% 7,281 7,780 8,380 6,504 29,946 48.3%
Slide 29: 3. Financial Statement
3. Financial Statement Unit: Yen in Millions FY2024 FY2025 YoY Current Asset 51,466 57,174 ＋5,707 Cash & Deposit 24,335 28,498 ＋4,162 Account Receivable 12,777 13,605 ＋827 Inventory 12,759 13,338 ＋579 Noncurrent Asset 38,867 37,647 -1,219 Total Asset 90,333 94,821 ＋4,487 Total Liability 20,433 20,29
Slide 30: 4. Cash Flow Statement
4. Cash Flaw Statement Unit: Yen in Millions FY2024 FY2025 Change Operating Cash Flow Margin 21.4% 17.7% -3.7pts Operating Cash Flow 12,077 10,964 -1,113 Net Income 3,091 5,708 ＋2,616 Depreciation and Amortization 7,082 6,824 -258 Changes in Operating Fund 281 -1,007 -1,289 “(-) indicates increase“
Slide 31: Company Profile
Company Profile Company Name IRISO ELECTRONICS CO., LTD. Business Description Connector Manufacturing and Sales Establishment December 1966 Number of Employees 2,936 (as of March 31, 2024) Capital 5,640 million yen (as of March 31, 2024) Headquarters 2-13-8, Shinyokohama, Kohoku-ku, Yokohama, Kanaga
Slide 32: Connector Terminology – Connector Types
Connector Terminology – Connector Types - Board-to-board Connector (BtoB Connectors) Also known as board-to-board connectors, a BtoB connector is a general term for connectors developed for connecting printed circuit boards. There are many types of connections available, depending on how to combine
Slide 33: Disclaimer
Disclaimer The forecast on this report has been prepared based on information available at the time this report was prepared. Actual business results may differ from the forecast due to changes in various factors. The Company strives proactively to disclose information that is important from an inve