Hirose Electric Co., Ltd. TSE:6806

Hirose Electric : Financial Results for FY2025 2nd Quarter (Apr 2025-Sep 2025)

Published

Source: MarketScreener

Business Results for the Second Quarter of FY2025

November 6, 2025 Hirose Electric Co., Ltd.

〔6806〕



Summary of the business results (FY2025.1H From April 2025 to September, 2025)

Although overall sales were strong, an increase in labor costs, material costs including metal materials, were factors in the decline in profits.

For the general industrial market, progress exceeded the initial forecast while maintaining a recovery trend. Automobiles and mobility-related segment also continued to be strong. For the smartphone market, the increase in volume was as expected, both sales and operating profit were affected by sales price adjustment etc. Cumulative sales were +7.9% YoY, operating profit was -7.9%, and operating profit margin was 20.1%. Orders received in the second quarter totaled 106.15 billion yen, +8.8% YoY.

FY2024

FY2025

YoY

1Q

（24.4-6）

2Q

（24.7-9）

1H

（24.4-9）

1Q

（25.4-6）

2Q

（25.7-9）

1H

（25.4-9）

2025.1H /

2024.1H

Orders

Sales

Operating profit

Operating profit ratio

(Yen in hundred millions)

484.8

491.1

975.9

520.1

541.4

1,061.5

+8.8%

448.7

496.5

945.2

489.7

530.5

1,020.2

+7.9%

102.6

119.6

222.2

98.3

106.3

204.6

-7.9%

22.9%

24.1%

23.5%

20.1%

20.0%

20.1%

-3.4pt

Changes in sales and operating profit （FY2024.1Q-FY2025.2Q / Consolidated basis）


Business Results for FY2025.1H

in hundred millions)

FY2024.1H

（Sep 30, 2024）

FY2025.1H

（Sep 30, 2025）

Increase / Decrease

(YoY)

(Yen

Increase / Decrease ratio (YoY)

Sales

945.2

1,020.2

+75.0

+7.9%

COGS Ratio

54.7%

57.9%

+3.2

SGA Ratio

21.7%

21.8%

+0.1

Operating profit

222.2

204.6

-17.6

-7.9%

(%)

23.5%

20.1%

-3.4

Profit before tax

238.5

221.0

-17.5

-7.3%

(%)

25.2%

21.7%

-3.5

Net profit

175.3

155.2

-20.1

-11.5%

(%)

18.5%

15.2%

-3.3

Shareholder's

Equity ratio

89.2%

88.4%

FY2024 1H

FY2025 1H

1US$

152.63 yen

146.04 yen

Earnings Per Share

518.17 yen

459.37 yen

１€

165.95 yen

168.06 yen

100KRW

11.21 yen

10.50 yen

© 2025 HIROSE ELECTRIC CO., LTD. All rights reserved.

Sales

75.0 hundred millions yen Increased

COGS Ratio

3.2 pt Deteriorated （54.7% → 57.9%）

（945.2 → 1,020.2）

General Industrial ：＋ 59

Smartphone ：－ 6 Consumer/Mobile equipment ：－ 4 Automotive/Mobility-related ：+ 19

Variable Expense Ratio

：38.1%

*

41.2%

Depreciation Ratio

： 7.7％

*

7.8％

Labor Cost Ratio

： 7.5%

*

7.8%

205.6 → 222.0 hundred millions yen (+16.4）

SGA Ratio

0.1 pt Deteriorated （21.7% → 21.8%）

Financial income / costs

0.1 hundred millions yen Increased

（+16.3 → +16.4）

Exchange Gain or Loss ： ー 5.9 → ー 1.8 Interest received and others.：+ 16.4 → + 15.9

(Yen in hundred millions)

Sales

Operating Profit

(%)

Profit before tax

(%)

FY2024.1H Actual

945.2

222.2

23.5%

238.5

25.2%

Exchange rate

-31.9

-20.1

-17.0

Labor cost increase

-22.0

-22.0

Depreciation cost increase

-6.1

-6.1

Increase in the product

106.9

30.6

27.6

Variable amount total

75.0

-17.6

-17.5

FY2025.1H Actual

1,020.2

204.6

20.1%

221.0

21.7%

Assets

(Yen in hundred millions)

Total of cash in bank 1,604.5 1,544.0 -60.5

© 2025 HIROSE ELECTRIC CO., LTD. All rights reserved. 8

Account

Mar 31, 2025

Sep 30, 2025

Increase / Decrease

Remarks

Cash and Cash equivalents

856.7

840.2

-16.5

Profit before tax +221, Share Buyback -66, Capital investment (including buildings, etc.) -115, Dividend Payment -83,

Payment of corporate tax, etc. -85

Trade and other receivables

403.9

481.1

+77.2

Increased sales

Inventories

250.9

258.9

+8.0

Other financial assets

1,513.7

1,528.2

+14.5

Securities +58, Time deposit decreased -44

Property, plant and equipment

863.8

895.1

+31.3

Increase in production facilities

Right-of-use asset

49.4

50.8

+1.4

Others

230.2

215.1

-15.1

Refund of Consumption Tax Outstanding

Total Assets

4,168.7

4,269.5

+100.8

© 2025 HIROSE ELECTRIC CO., LTD. All rig

hts reserved.

Shareholder's Equity

Liabilities

in hundred millions)

Account Mar 31, 2025

Sep 30, 2025 Increase /

Decrease

(Yen

Remarks

Payables and other debt 129.0

140.2

53.3

55.1

247.1

495.8

+11.2

Increase in accounts payable due to increased purchases +16

Lease liabilities 52.0

+1.3

Income taxes payable 81.4

-26.3

Domestic corporate tax payment

Others 204.8

+42.3

Bonus provision increase, Increase in deferred tax liabilities

Total 467.2

+28.6

Capital stock and Capital 206.3

surplus

207.3

3,562.1

- 340.3

344.7

3,773.7

+1.0

Retained Earnings 3,489.7

+72.4

Net income ＋158 Dividend Payment -83

Treasury Shares - 274.6

-65.7

Others 280.1

+64.6

Adjust for substitution conversion (By KRW appreciated, etc.) +59

Total 3,701.5

+72.2

Total Liabilities and 4,168.7

Shareholder's Equity

4,269.5

+100.8

(Yen in hundred millions)

(*Excluded: Investment in land, building and software)



国内 海 外



(Number of Employee)

5070

-126

4944

-290

+223

4654

4878

+180

5058

3834

3355

3321

-137

3697

-332

3365

+2

-34

1236

+11

1247

+42

1289

+234

1523

+214

1737



2022年3月

2023年3月

2024年3月

2025年3月

2025年9月

Mar, 2022 Mar, 2023 Mar, 2024 Mar, 2025 Sep, 2025

31.27%

29.10%

31.78%

33.99%

33.73%

34.15%

3.94%

3.73%

7.49%

7.36%

3.07%

38.41%

15.59%

15.62%

3.47%

15.51%

0.56%

2.25%

1.97%

15.20%

14.87%

14.50%

1.10%

36.93%

41.24%

39.90%

42.62%

42.04%

3.89%

3.99%

3.97%

4.22%

6.65% 4.97% 4.97% 5.94%

Treasury Stocks

Individual and Others Foreign

Corporation

Other Corporation

Securities Firm

Financial Institution

Mar, 2022 Mar, 2023 Mar, 2024 Mar, 2025 Jun, 2025 Sep, 2025

FY2024

FY2025

YoY

1Q

2Q

1H

1Q

2Q

1H

FY2025.1H

/FY2024.1H

Sales

111

115

226

141

144

285

+26%

  • FY2025 1H Composition ratio ⚫ Changes in quarterly sales

    29%

    141 144

    111 115 122 121

    1Q

    2Q

    3Q

    4Q

    1Q

    2Q

    FY2024

    FY2025

    • The recovery remains moderate, but the upward trend has been maintained, with performance exceeding initial forecasts.

    FY2024

    FY2025

    YoY

    1Q

    2Q

    1H

    1Q

    2Q

    1H

    FY2025.1H

    /FY2024.1H

    Sales

    99

    133

    232

    104

    122

    226

    -3%

  • FY2025 1H Composition ratio ⚫ Changes in quarterly sales

23%

133 130

122

99 102 104

1Q

2Q

3Q

4Q

1Q

2Q

FY2024

FY2025

  • Although the volume increased as expected, price adjustments made for specific customers had an impact on sales results.

    FY2024

    FY2025

    YoY

    1Q

    2Q

    1H

    1Q

    2Q

    1H

    FY2025.1H

    /FY2024.1H

    Sales

    84

    96

    180

    86

    90

    176

    -2%

    18%

    • FY2025 1H Composition ratio ⚫ Changes in quarterly sales

84

96 89 86 90

78

1Q

2Q

3Q

4Q

1Q

2Q

FY2024

FY2025

  • Despite a slowdown in the notebook PC and tablet market, sales increased due to seasonality.

    FY2024

    FY2025

    YoY

    1Q

    2Q

    1H

    1Q

    2Q

    1H

    FY2025.1H

    /FY2024.1H

    Sales

    124

    122

    246

    128

    137

    265

    +8%

    • FY2025 1H Composition ratio ⚫ Changes in quarterly sales

      124

      122

      127

      119

      128

      1Q

      2Q

      3Q

      4Q

      1Q

      2Q

      FY2024

      FY2025

      26%

      137

      • It was a solid result aligned with the FY25 growth forecast of +7%.

        FY2024

        FY2025

        YoY

        1Q

        2Q

        1H

        1Q

        2Q

        1H

        FY2025.1H

        /FY2024.1H

        Telecommunications Infrastructure Equipment

        13

        14

        27

        13

        15

        28

        +4%

        OA Equipment (Office machine)

        4

        5

        9

        5

        5

        10

        +11%

    • FY2025 1H Composition ratio ⚫ Changes in quarterly sales

4

5

5

Telecommunications Infrastructure Equipment

3% OA Equipment

1%

4

13

OA

15

5

5

Equipment

13

Telecommunic ations Infrastructure Equipment

14

13

14

1Q 2Q 3Q 4Q 1Q 2Q FY2024 FY2025

Business Forecast for the Year Ending March 31, 2026 (Consolidated)

We will revise the forecast announced in May 2025 due to currency trends and stronger general industrial business performance.

FY2024 Actual

(FY ended March 31, 2025)

FY2025 Forecast

(FY ending March 31, 2026)

First Half Over the Previous Actual Amount

For the Year Over the Previous Actual Amount

(Yen in hundred millions)

First half For the Year

First Half Actual

Forecast for the Year (As of May.

2025)

Revised Forecast for the Year

%

Amount change

Amount change

Sales

945.2

1,894.2

1,020.2

1,910.0

2,000.0

+75.0

+7.9%

+105.8

+5.6%

COGS Ratio

54.7%

54.9%

57.9%

57.6%

56.5%

Operating Profit

222.2

426.7

204.6

385.0

400.0

-17.6

-7.9%

-26.7

-6.3%

（%）

23.5%

22.5%

20.1%

20.2%

20.0%

Profit before Tax

238.5

462.2

221.0

400.0

430.0

-17.5

-7.3%

-32.2

-7.0%

（%）

25.2%

24.4%

21.7%

20.9%

21.5%

Net Profit

175.3

330.3

155.2

280.0

300.0

-20.1

-11.5%

-30.3

-9.2%

（%）

18.5%

17.4%

15.2%

14.7%

15.0%

Consolidated Dividend Payout Ratio

- 50.2%

- 59.2% 54.9%

exchange rate】

Earnings per Share

-

976.37yen

-

827.53yen

891.76yen 【

Dividend per Share

245yen

490yen

245yen

490yen

490yen

1US$

１€ 100KRW

FY2024

Results

152.58 yen

163.75 yen

10.97 yen

FY2025

%

Forecast

147.00 yen

171.00 yen

10.50 yen

© 2025 HIROSE ELECTRIC CO., LTD. All rights reserved. 18

FY2025 Year-on-year Operating Profit Variance Analysis

(Yen in hundred millions)

426

Exchange Rate

Impact (-) Depreciation

cost (-)

Volume increase, etc. (+)

Personnel and Labor costs, others (-)

Materials and purchasing

costs (-) Price fluctuation

(-)

400

Although efforts in each segment were successful and volume increased significantly, profit decreased compared to the previous year due to the impact of soaring material costs and price fluctuations.

FY2024 Operating Profit FY2025 Operating

Profit Forecast

Revised Annual Sales Forecast by Segment (round of number)

(Yen in hundred millions)

469

320

450

500

525

545

575

330

347

430

464

492

'24Act '25FCST '25FCST

'24Act '25FCST '25FCST

'24Act '25FCST '25FCST

'24Act '25FCST '25FCST

FY2025 Annual growth ratio forecast

May. 2025 Forecast

Nov. 2025 Forecast

(May)

(Nov)

(May)

(Nov)

(May)

(Nov)

(May)

(Nov)

General Industrial

Smartphone

Consumer/Mobile equipment

Automotive/ Mobility-related

  • General Industrial

+7%

+23%

  • Smartphone

-3%

-7%

  • Consumer/Mobile equipment

-8%

-5%

  • Automotive/Mobility related

+7%

+11%

Technology exhibition held once every three years ended with great success in Yokohama venue.

Less than 5,700 customers from about 1,500 companies visited the exhibition (Increased by +24% compared to the previous show)



FY25 Key Visual Photo1 at Yokohama venue Photo2 at Yokohama venue

Incorporate customer feedback into future product development and provide problem-solving solutions.

This will lead to further results creation at the Osaka venue.

ZE150HV Series designed for powertrains of EV and HEV has been honored in the Vehicle Tech & Advanced Mobility category of the CES Innovation Awards.

With this award, our product becomes the fifth to be recognized by the CES Innovation Awards, following the FX26 Series and BM46 Series at CES 2020, the BM50 Series at CES 2022, and the BM55 Series at CES 2023. This also marks our first recognition for a wire connector.



Exhibiting at CES 2026 (Jan. 6 to 9, 2026) @ Las Vegas, US

CES: The world's biggest technology showcase

Leveraging our advanced, leading-edge, and differentiated product and technological capabilities to achieve sustainable mid- to long-term growth.

"The CES Innovation Awards are based upon descriptive materials submitted to the judges. CTA did not verify the accuracy of any submission or of any claims made and did not

We have published our Integrated Report 2025, first, in Japanese.

With our new management structure, the report features messages from the new President, Chairman, and other executives, as well as co-creation stories with stakeholders, including partner companies. It offers a clear view of our value creation journey - we invite you to take a look.







Messages from President, Chairman



Collaborative stories with various stakeholders

FY2025 Integrated Report (Japanese ver.) Issued in Oct. 31, 2025 https://www.hirose.com/corporate/ja/ir/integr ated-report/

English ver. is scheduled to be available in late January, 2026.

Message from the Newly Appointed

Director and COO of HIROSE Europe

Appendix. Sales by Applications round number (quarterly basis)

(Yen in hundred millions)

FY2024

FY2025

FY2025 1H

1Q

2Q

3Q

4Q

Composition ratio

1Q

2Q

General Industrial

111

115

122

121

141

144

29%

Smartphone

99

133

130

102

104

122

23%

Consumer/Mobile Equipment

84

96

89

78

86

90

18%

Automotive/ Mobility-related

124

122

127

119

128

137

26%

Telecommunications Infrastructure Equipment

13

14

13

14

13

15

3%

OA Equipment

4

5

5

4

5

5

1%

Total of Connector Sales

434

485

486

438

478

513

100%

Others

14

12

13

12

12

17

Total

449

497

499

450

490

530





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