Financial Results for the Three Months Ended June 30, 2025

Aug 8, 2025 at 6:33 AM UTC · Issued by Bando Chemical Industries Ltd.

‌参考資料1-6

Financial Results for the Three Months Ended June 30, 2025

August 8, 2025

‌Financial Highlight

（Unit：Million Yen、％）

	FY2024 Q1 FY2025 Q1			FY2025 Full year
	Result 29,344	Result	Change (251)	Forecast 115,000	Achieved ratio 25.3%
Revenue		29,092
Core Operating Profit 1,960		2,018	+58	8,200	24.6%
Operating Profit 2,292		3,818	+1,525	9,500	40.2%
Profit attributable to 1,932 owners of parent		2,652	+719	6,700	39.6%

Exchange rate	U S D	158.24 143.72 -		140.00	-
	T H B	4.29 4.36 -		4.00	-
	C N Y	21.78 19.93 -		19.50	-

Revenue decreased due to stronger yen, although it increased on a local currency basis
Operating profit and profit attributable to owners of parent increased due to recording insurance claim income (1,524 million yen) related to the hail damage that occurred at Kakogawa Plant in the previous fiscal year

001

‌Revenue by Area for Q1

日本

中国

アジア

欧米

Asia

China

（Unit：100 Millions Yen）

Japan

Other

120

124

122

120

100

FY2022 FY2023 FY2024 FY2025

002

(※) The above amount was after the elimination of intersegment transactions.

‌Analysis of Core Operating Profit

（Unit：Million Yen）

2,018

1,960

(308)

+307

(314 )

+190

+184

FY2024 Q1	Increase in gross	Changes in cost	Effects of exchange	Increase in SG&A	Effects of exchange	FY2025 Q1
Results	profit due to	ratio	rates (gross profit)	expenses	rates (SG&A	Results
	increasing revenue				expenses)

003

‌Quarterly Operating Results (Revenue and Core Operating Profit)

293

287

291

290

265

273

267

275

283

（Unit：100 Millions Yen）

Core Operating Profit

Revenue

300 30

200 20

100 10

Q1 Q2 Q3 Q4

FY2023

Q1 Q2 Q3 Q4 FY2024

FY2025

004

‌Operating Results by Segment

（Unit：Million Yen 、％）

		FY2024 Q1		FY2025 Q1
		Result	Result	Change	Change in ratio
Revenue		29,344	29,092	(251)	(0.9)%
	Automotive Parts	14,946	14,626	(320)	(2.1)%
	Industrial Products	9,661	9,495	(165)	(1.7)%
	Advanced Elastomer Products	3,564	3,595	+31	+0.9%
	Other	1,314	1,553	+238	+18.2%
	Adjustments	(142)	(178)	(35)	-
Core Operating Profit		1,960	2,018	+58	+3.0%
	Automotive Parts	1,130	1,178	+47	+4.2%
	Industrial Products	671	706	+35	+5.3%
	Advanced Elastomer Products	42	78	+36	+86.1%
	Other	82	7	(74)	(91.0)%
	Adjustments	33	47	+13	+39.3%

005

Other	(5.7)%	Although sales of products for aftermarket industries increased in the U.S., revenue decreased due to stronger yen.
China	(2.7)%	Although sales of variable speed belts for scooters increased, revenue decreased due to stronger yen.
Asia	(5.4)%	Although sales of variable speed belts for scooters increased, revenue decreased due to stronger yen.
Japan	+9.9%	Although automobile production volume decreased, sales of accessory drive power transmission belts (such as RIBACE ) increased due to an increase in the number of models adopting to the Company's products.

‌Overview of Automotive Parts

（Unit：100 Millions Yen）

149 146

20.4

15.5

19.2

15.0

84.3

79.8

29.3

32.1

150

Revenue by Area

100

FY2024 Q1 FY2025 Q1

Core Operating profit

（Unit：100 Millions Yen）

11.7

11.3

Core

Operating Profit

+4.2%

Although revenue decreased, core operating profit increased due to cost reduction activities.

006

FY2024 Q1 FY2025 Q1

Note: The above amount of revenue was after the elimination of intersegment transactions.

‌Quarterly Operating Results for Automotive Parts

（Unit：Million Yen） 16,000

14,000

12,849

13,418 13,374 13,637

14,946

14,311

14,704

14,094

14,626

16%

14%

12,000

10,000

8,000

6,000

6.3%

7.5%

8.6%

8.3%

7.6%

9.4%

6.6%

10.3%

8.1%

12%

10%

4,000

2,000

811

1,008

1,153

1,137

1,130

1,340

975

1,450

1,178 2%

Revenue

Segment profit

Profit ratio

Q1 Q2 Q3 Q4 FY2023

Q1 Q2 Q3 Q4

FY2024

007

Q1 FY2025

‌Overview of Industrial Products

Other	(3.3)%	Although sales of power transmission belts for industrial machinery increased, revenue decreased due to stronger yen.
China	+2.1%	Sales of power transmission belts for agricultural machinery increased.
Asia	(8.2)%	Sales of power transmission belts for agricultural machinery decreased.
Japan	(0.4)%	Sales of power transmission belts for industrial machinery decreased. Sales of heavy-duty conveyer belts decreased while sales of light-duty conveyer belts (such as SUNLINE belt) increased.

（Unit：100 Millions Yen）

16.8

8.5

12.3

16.2

8.6

11.3

59.0

58.7

96 94

Revenue by Area

100

FY2024 Q1 FY2025 Q1

Core Operating Profit

（Unit：100 Millions Yen）

7.0

6.7

Core

Operating Profit

+5.3%

Core operating profit increased due to changes in sales mix while revenue decreased.

008

FY2024 Q1 FY2025 Q1

(※) The above amount of revenue was after the elimination of intersegment transactions.

‌Quarterly Operating Results for Industrial Products

（Unit：Million Yen）

12,000

10,000

8,000

6,000

15%

9,142

9,373

9,403

9,659

9,605

9,386

9,442

9,495

8,749

10.6%

9.9%

9.3%

8.4%

6.9%

7.1%

7.4%

6.4%

6.2%

968

928

810

786

671

677

603

589

706

10%

4,000

2,000

Revenue

Segment profit

Profit ratio

Q1 Q2 Q3 Q4 FY2023

Q1 Q2 Q3 Q4 FY2024

009

Q1 FY2025

‌Overview of Advanced Elastomer Products

Revenue by Products

（Unit：100 Millions Yen）

35 35

13.2

14.3

22.5

21.5

Functional

Films

+9.1%

Sales of films for construction materials and decorative display films increased.

Precision

Functional

Parts

(4.0)%

Sales of precision belts and cleaning blades decreased while sales of high performance rollers increased.

FY2024 Q1 FY2025 Q1

Core Operating Profit

（Unit：100 Millions Yen）

0.7

0.4

Core Operating Profit

+86.1%

Core operating profit increased due to an increase in revenue and changes in sales mix.

010

FY2024 Q1 FY2025 Q1

(※) The above amount of revenue was after the elimination of intersegment transactions.

‌Quarterly Operating Results for Advanced Elastomer Products

3,524

3,406

3,461

3,375

3,564

3,506

3,689

3,456

3,593

1.2%

2.2%

1.1%

-1.3%

-0.9%

-0.1%

-1.1%

-2.1%

-1.5%

（Unit：Million Yen） 4,500

3,500

15.0%

10.0%

2,500 5.0%

1,500 0.0%

500 -5.0%

(500)

(46) (29) (4) (70)

Revenue

Segment profit

Profit Ratio

(54) (40)

FY2025

011

-10.0%

Q1 Q2 Q3 Q4 FY2023

Q1 Q2 Q3 Q4 Q1 FY2024

‌Statements of Financial Position

（Unit：100 Millions Yen）

1,206 1,168

Other assets

241

Equity

830

Other liabilities

140

Trade and other payables

177

PPE, Goodwill intangible assets

342

Inventories

192

Cash and cash equivalents

153

Trade and other receivables

237

Borrowings 21

Cash and cash equivalents	Borrowings 71
177	Trade and other payables
Trade and	180
other receivables
other receivables
229	Other liabilities 129
Inventories
195
PPE, Goodwill Intangible assets 344	Equity 825
Other assets
260

Assets	(23)	Decrease in cash and cash equivalents mainly due to repayments of borrowings
Liabilities	(50)	Repayments of borrowings
Equity	+10	Increase in retained earnings
	(2)	Acquisition of treasury shares

Assets Liabilities/Equity Assets Liabilities/Equity

012

FY2024 Year-end FY2025 Q1

‌This document contains descriptions of future performance. Such descriptions do not guarantee future performance and are subject to risks and uncertainties. Please note that future performance may differ from actual results due to changes in the business environment.

Additionally, this document is provided for information purposes only and is not intended to solicit transactions.

013

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