Summary of Consolidated Financial Results for the Year Ended March 31, 2025 (Based on Japanese GAAP)（PDF：531KB）

‌Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Year Ended March 31, 2025

(Based on Japanese GAAP)

May 14, 2025

Company name:

G-TEKT CORPORATION

Stock exchange listing:

Tokyo

Stock code:

5970

URL https://www.g-tekt.jp/

Representative:

President, Chief Executive Officer

Naohiro Takao

Inquiries:

Managing Officer of the Company,

Operations Director

Takeshi Bamba

TEL 048-646-3400

Scheduled date of ordinary general meeting of shareholders:

June 23, 2025

Scheduled date to file Securities Report:

June 25, 2025

Scheduled date to commence dividend payments:

June 24, 2025

Preparation of supplementary material on financial results:

Yes

Holding of financial results meeting:

Yes

(for institutional investors and analysts)

(1) Changes in significant subsidiaries during the year ended March 31, 2025

(changes in specified subsidiaries resulting in the change in scope of consolidation):

No

As of March 31, 2025

43,931,260

shares

As of March 31, 2024

43,931,260

shares

As of March 31, 2025

1,131,588

shares

As of March 31, 2024

852,363

shares

Year ended March 31, 2025

42,989,839

shares

Year ended March 31, 2024

43,055,226

shares

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of March 31, 2025

146,562

95,053

64.9

2,220.90

As of March 31, 2024

133,526

91,370

68.4

2,121.01

(Millions of yen)

As of March 31, 2024

As of March 31, 2025

Assets

Current assets

Cash and deposits

44,575

43,002

Notes and accounts receivable - trade

47,195

48,187

Finished goods

2,161

2,044

Work in process

25,302

34,724

Raw materials

4,957

4,385

Supplies

1,667

1,913

Other

7,043

7,157

Total current assets

132,903

141,416

Non-current assets

Property, plant and equipment

Buildings and structures

117,066

128,999

Accumulated depreciation

(52,551)

(54,965)

Buildings and structures, net

64,515

74,034

Machinery, equipment and vehicles

201,025

211,941

Accumulated depreciation

(159,007)

(163,733)

Machinery, equipment and vehicles, net

42,018

48,207

Tools, furniture and fixtures

155,492

156,189

Accumulated depreciation

(142,352)

(145,012)

Tools, furniture and fixtures, net

13,139

11,176

Land

16,421

16,250

Construction in progress

19,857

16,208

Total property, plant and equipment

155,952

165,877

Intangible assets

1,233

1,303

Investments and other assets

Investment securities

13,196

10,986

Retirement benefit asset

-

1,081

Deferred tax assets

444

361

Other

406

367

Allowance for doubtful accounts

(8)

(8)

Total investments and other assets

14,039

12,789

Total non-current assets

171,225

179,970

Total assets

304,129

321,386

(Millions of yen)

As of March 31, 2024

As of March 31, 2025

Liabilities

Current liabilities

Accounts payable - trade

30,485

32,395

Short-term borrowings

10,969

19,605

Current portion of long-term borrowings

9,263

7,883

Accounts payable - other

8,685

7,691

Income taxes payable

818

2,325

Advances received

3,648

2,648

Provision for bonuses

1,572

1,642

Other

3,089

3,183

Total current liabilities

68,534

77,375

Non-current liabilities

Long-term borrowings

19,648

21,935

Retirement benefit liability

489

1,251

Provision for share awards for directors (and other

officers)

459

517

Deferred tax liabilities

6,981

5,353

Other

2,623

2,595

Total non-current liabilities

30,201

31,654

Total liabilities

98,735

109,029

Net assets

Shareholders' equity

Share capital

4,656

4,656

Capital surplus

23,622

23,622

Retained earnings

122,069

131,508

Treasury shares

(1,535)

(1,975)

Total shareholders' equity

148,812

157,811

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

3,350

1,596

Foreign currency translation adjustment

38,801

37,846

Remeasurements of defined benefit plans

702

740

Total accumulated other comprehensive income

42,854

40,183

Non-controlling interests

13,726

14,361

Total net assets

205,393

212,357

Total liabilities and net assets

304,129

321,386

(Millions of yen)

Fiscal year ended

March 31, 2024

Fiscal year ended

March 31, 2025

Net sales

344,601

339,233

Cost of sales

311,463

304,995

Gross profit

33,138

34,237

Selling, general and administrative expenses

16,895

17,856

Operating profit

16,242

16,380

Non-operating income

Interest income

815

935

Dividend income

188

277

Foreign exchange gains

1,616

-

Share of profit of entities accounted for using equity method

465

689

Gain on sale of scraps

218

280

Other

453

241

Total non-operating income

3,758

2,425

Non-operating expenses

Interest expenses

1,023

706

Foreign exchange losses

-

384

Other

82

185

Total non-operating expenses

1,105

1,277

Ordinary profit

18,896

17,529

Extraordinary income

Gain on sale of non-current assets

48

89

Gain on sale of investment securities

-

646

Total extraordinary income

48

736

Extraordinary losses

Loss on sale of non-current assets

8

66

Loss on retirement of non-current assets

-

327

Extra payments for early retirements

-

601

Loss on liquidation of subsidiaries

342

-

Loss on liquidation of business

222

-

Total extraordinary losses

573

996

Profit before income taxes

18,371

17,269

Income taxes - current

3,701

4,764

Income taxes - deferred

620

(648)

Total income taxes

4,321

4,115

Profit

14,049

13,153

Profit (loss) attributable to non-controlling interests

808

712

Profit attributable to owners of parent

13,240

12,440

(Millions of yen)

Fiscal year ended

March 31, 2024

Fiscal year ended

March 31, 2025

Profit

14,049

13,153

Other comprehensive income

Valuation difference on available-for-sale securities

2,013

(1,753)

Deferred gains or losses on hedges

(31)

-

Foreign currency translation adjustment

14,093

(759)

Remeasurements of defined benefit plans, net of tax

669

38

Share of other comprehensive income of entities accounted

for using equity method

636

(64)

Total other comprehensive income

17,380

(2,539)

Comprehensive income

31,430

10,614

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

29,507

9,770

Comprehensive income attributable to non-controlling

interests

1,922

843

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders'

equity

Balance at beginning of period

4,656

23,622

111,475

(1,649)

138,104

Changes during period

Dividends of surplus

(2,646)

(2,646)

Profit attributable to owners of

parent

13,240

13,240

Purchase of treasury shares

(0)

(0)

Disposal of treasury shares

114

114

Net changes in items other than

shareholders' equity

Total changes during period

-

-

10,593

114

10,708

Balance at end of period

4,656

23,622

122,069

(1,535)

148,812

Accumulated other comprehensive income

Non-controlling interests

Total net assets

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Foreign currency translation adjustment

Remeasurements of defined benefit plans

Total accumulated other comprehensive

income

Balance at beginning of period

1,337

31

25,185

33

26,587

12,003

176,695

Changes during period

Dividends of surplus

(2,646)

Profit attributable to owners of

parent

13,240

Purchase of treasury shares

(0)

Disposal of treasury shares

114

Net changes in items other than

shareholders' equity

2,013

(31)

13,616

669

16,266

1,722

17,989

Total changes during period

2,013

(31)

13,616

669

16,266

1,722

28,697

Balance at end of period

3,350

-

38,801

702

42,854

13,726

205,393

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders'

equity

Balance at beginning of period

4,656

23,622

122,069

(1,535)

148,812

Changes during period

Dividends of surplus

(3,123)

(3,123)

Profit attributable to owners of

parent

12,440

12,440

Purchase of treasury shares

122

(475)

(353)

Disposal of treasury shares

35

35

Net changes in items other than

shareholders' equity

Total changes during period

-

-

9,439

(440)

8,998

Balance at end of period

4,656

23,622

131,508

(1,975)

157,811

Accumulated other comprehensive income

Non-controlling interests

Total net assets

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Foreign currency translation adjustment

Remeasurements of defined benefit plans

Total accumulated other comprehensive

income

Balance at beginning of period

3,350

-

38,801

702

42,854

13,726

205,393

Changes during period

Dividends of surplus

(3,123)

Profit attributable to owners of

parent

12,440

Purchase of treasury shares

(353)

Disposal of treasury shares

35

Net changes in items other than

shareholders' equity

(1,753)

-

(955)

38

(2,670)

635

(2,035)

Total changes during period

(1,753)

-

(955)

38

(2,670)

635

6,963

Balance at end of period

1,596

-

37,846

740

40,183

14,361

212,357

(Millions of yen)

Fiscal year ended March 31, 2024

Fiscal year ended March 31, 2025

Cash flows from operating activities

Profit before income taxes

18,371

17,269

Depreciation

19,292

19,456

Increase (decrease) in retirement benefit asset and liability

(70)

(303)

Increase (decrease) in provision for bonuses

(30)

49

Interest and dividend income

(1,003)

(1,213)

Interest expenses

1,023

706

Share of loss (profit) of entities accounted for using equity method

(465)

(689)

Loss (gain) on sale of investment securities

-

(646)

Loss (gain) on sale and retirement of non-current assets

(39)

304

Extra payments for early retirements

-

601

Loss on liquidation of business

222

-

Loss (gain) on liquidation of subsidiaries

342

-

Decrease (increase) in trade receivables

15,286

60

Decrease (increase) in inventories

(3,550)

(9,737)

Increase (decrease) in trade payables

(7,383)

2,401

Increase (decrease) in consumption taxes receivable payable

(1,059)

703

Increase (decrease) in advances received

81

(1,192)

Increase (decrease) in accounts payable - other

(30)

(868

Other, net

78

(1,441)

Subtotal

41,062

25,459

Interest and dividends received

1,353

1,435

Interest paid

(986)

(719)

-

(601)

Income taxes refund (paid)

(3,968)

(3,033)

Net cash provided by (used in) operating activities

37,461

22,540

Cash flows from investing activities

Net decrease (increase) in time deposits

(7,270)

934

Purchase of property, plant and equipment

(23,193)

(31,686)

Proceeds from sale of property, plant and equipment

68

458

Purchase of intangible assets

(373)

(428)

Purchase of investment securities

(103)

(138)

Proceeds from sale of investment securities

-

818

Other, net

(20)

(4)

Net cash provided by (used in) investing activities

(30,892)

(30,045)

Cash flows from financing activities

Net increase (decrease) in short-term borrowings

(4,222)

8,763

Proceeds from long-term borrowings

-

11,598

Repayments of long-term borrowings

(9,102)

(10,473)

Repayments of finance lease liabilities

(230)

(305)

Purchase of treasury shares

(0)

(475)

Dividends paid

(2,645)

(3,123)

Dividends paid to non-controlling interests

(178)

(208)

Net cash provided by (used in) financing activities

(16,379)

5,774

Effect of exchange rate change on cash and cash equivalents

2,409

85

Net increase (decrease) in cash and cash equivalents

(7,401)

(1,645)

Cash and cash equivalents at beginning of period

40,248

32,846

Cash and cash equivalents at end of period

32,846

31,201