Hirose Electric : Full Year Financial Results Presentation (Apr 2025 - Mar 2026)

Business Results for FY2025

May 12, 2026

Hirose Electric Co., Ltd.

〔6806〕

In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward-looking statements. Thank you for your understanding.

*Forward-looking statements include, but are not limited to, those statements using words such as "believe," "expect," "plans," "strategy," "prospects," "forecast," "estimate," "project," "anticipate," "aim," "may" or "might" and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. These statements are based on management's assumptions and beliefs in light of the information currently available to it.

Summary of the Business Results (FY2025 from April to March, 2026)

While we initially projected a decrease in profit, both revenue and profit increased year-on-year. Despite continued pressure on margins from higher material costs, including metals, sales remained solid overall. The general industrial segment delivered continued growth and outperformed the full-year forecast. In smartphones and consumer mobile segments, seasonal softness was limited and results came in slightly above expectations. Automotive and mobility-related demand also remained solid. In FY2025, revenue increased 11.5% YoY, operating profit rose 0.8%, and the operating profit ratio reached 20.4%. Cumulative orders totaled 224.98 billion yen, up 16.8% YoY.

(Yen in hundred millions)

3

Changes in Sales and Operating Profit (FY2024.1Q～FY2025.4Q) Sales Operating profit Operating profit ratio

(Yen in hundred millions)

530.5

545.2

547.2

496.5

499.0

489.7

448.7 450.0

24.0%

22.9%

24.1%

18.8%

20.1%

22.1%

20.0%

19.2%

2

102.6

119.6

120.0

84.6

98.3

106.3

120.4

104.9

24.1Q 24.2Q 24.3Q 24.4Q 25.1Q 25.2Q 25.3Q 25.4Q

Business Results for FY2025 FY2024 to FY2025 Major Changes

Sales

218.4 hundred millions yen Increased

（1,894.2 → 2,112.6）

General Industrial :＋ 151 Smartphone :－ 21 Automotive/Mobility-related :＋ 51 Telecommunications :＋ 13

COGS Ratio

3.0 pt Deteriorated （54.9% → 57.9%）

Variable Expense Ratio:37.9% → 41.1% Depreciation Ratio: 7.8％ → 7.7％ Labor Cost Ratio : 7.7% → 7.9%

424.7 → 457.1 (+32.4）

0.8 pt Improved （22.4% → 21.6%）

SGA Ratio

Financial income / cost

0.9 Increased（+35.5 → +36.3）

Exchange Gain or Loss: ー7.2 → ＋2.3 Gain or loss on securities valuation:－9.4

FY2025 YoY Operating Profit Change Analysis

(Yen in hundred millions)

427

Increase in volume

178

-10 -14

Exchange Impact

Increase in amortization

-38

costs Increased labor costs

-65

Increased material and purchasing

-40

5 430

costs Price

-14

Price

Adjustments Others

Optimization

Consolidated Balance Sheet （１）

Asset

ns)

© 2026 HIRO

Shareholder's Equity

Liabilities

Consolidated Balance Sheet （２）

hundred millions)

SE ELECTRIC CO., LTD. All rights reserve

d.

9

Business Expenditure and Amortization Expense (Consolidated Basis) Capital Investment Depreciation

Capital Investment Ratio Depreciation Ratio

（Yen in hundred millions）

250

212

199

188

167

161

170

141

140

149

11.4%

11.2%

9.4%

10.9%

9.1%

7.7%

8.5%

7.9%

7.6%

7.4%

FY2022 FY2023 FY2024 FY2025 FY2026 Forecast

(*Excluding land, building, and software investment)

(Number of employees)

Domestic Overseas

5070

-126

+232

4944

-290

+224

4654

4878

5110

-137

-332

-10

+31

+234

+201

1289

+42

1247

+11

1236

3365

3355

3697

3386

3834

2022.Mar 2023.Mar 2024.Mar 2025.Mar 2026.Mar

• The domestic headcount increase of 201 in FY2026 was primarily attributable to the consolidation of Hirose SER.

  7.36%

  3.73%

  7.49%

  3.94%

  6.65%

  4.22%

  4.97%

  3.97%

  8.10%

  3.83%

  42.04%

  42.62%

  39.90%

  38.41%

  34.93%

  Treasury Stocks

  Individual and Others

  14.50%

  1.10%

  31.27%

  14.87%

  1.97%

  29.10%

  15.20%

  2.25%

  31.78%

  15.59%

  3.07%

  33.99%

  15.39%

  2.29%

  35.46%

  Foreign Corporation Other Corporation Securities Firm Financial Institution

  2022.Mar 2023.Mar 2024.Mar 2025.Mar 2026.Mar

  (Yen in hundred millions)

  	FY2024				FY2025				YoY
  	1H	3Q	4Q	FY24	1H	3Q	4Q	FY25	FY2025/ FY2024
  Sales	226	122	121	469	285	162	173	620	+32%

  • FY2025 Composition ratio* • Changes in quarterly sales

    30%

    111 115 122 121

    141 144

    162 173

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

    * Connector sales only

• Overall performance remained strong, and results came in above expectations, exceeding the forecast of a 30% YoY increase.

  	FY2024				FY2025				YoY
  	1H	3Q	4Q	FY24	1H	3Q	4Q	FY25	FY2025/ FY2024
  Sales	232	130	102	464	226	115	102	443	-5%

  • FY2025 Composition ratio* • Changes in quarterly sales

22%

* Connector sales only

133 130

99

102 104

122

115

102

• Despite seasonality, the 4Q decline was limited, and the full-year result was -5% YoY versus the forecast of -7%.

  	FY2024				FY2025				YoY
  	1H	3Q	4Q	FY24	1H	3Q	4Q	FY25	FY2025/ FY2024
  Sales	180	89	78	347	176	87	84	347	±0%

  17%

  • FY2025 Composition ratio* • Changes in quarterly sales

84 84

96 89 86 90 87

78

* Connector sales only

• Despite seasonality, consumer products supported performance, and results came in flat YoY versus the forecast of -2%.

  Sales by Application - Automotive/Mobility-related

  (Yen in hundred millions)

  	FY2024				FY2025				YoY
  	1H	3Q	4Q	FY24	1H	3Q	4Q	FY25	FY2025/ FY2024
  Sales	246	127	119	492	265	138	140	543	+10%

  • FY2025 Composition ratio* • Changes in quarterly sales

27%

124

122

127

119

128

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2024 FY2025

137 138 140

* Connector sales only

• Performance remained solid, supported by a diverse customer base and product lineup.

  Sales by Application - Telecommunications Infrastructure Equipment / OA Equipment

  (Yen in hundred millions)

  	FY2024				FY2025				YoY
  	1H	3Q	4Q	FY24	1H	3Q	4Q	FY25	FY2025/ FY2024

  
  
  

  Telecommunications Infrastructure 27	13	14	54	28	17	22	67	+24%
  OA Equipment 9	5	4	18	10	4	5	19	+6%

  Equipment

  • FY2025 Composition ratio* • Changes in quarterly sales

Telecommunications Infrastructure Equipment

3% OA Equipment

1%

4

5 5 4 5 5 4

OA

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2024 FY2025

Equipment

Telecommunications Infrastructure Equipment

* Connector sales only

• Growth for Telecommunication infrastructure equipment due to an increase in AI server-related.

Business Forecast for the Year Ending March 31, 2027 (Consolidated)

(Yen in hundred millions)

Connector Business: Annual Sales Forecast by Segment (round of number)

710

600

(Yen in hundred millions)

90

FY25

Actual

FY26

Forecast

FY25

FY2026 Forecast for the previous year

YoY

• General Industrial

• Smartphone

• Consumer/Mobile devices

• Automotive/Mobility-related

• Telecommunications

+15%

-3%

-2%

+10%

+34%

Actual

FY26

Forecast

FY25

Actual

FY26

Forecast

FY25

Actual

FY26

Forecast

FY25

Actual

FY26

Forecast

NEW Business: Probe Application Products and Probes, Annual Sales Forecast

(round of number)

【Production Items】

Others

Sales

FYFY225 5*

1.8 billion yen

FYFY226 6

6 billion yen

Probes

YoY

+233%

Probe application products (including sockets and connectors) , Probes, other machined products

【Business Environment】

Our customer base is primarily semiconductor-related, and strong semiconductor demand continues to drive robust demand for our components for test solutions.

【Hirose SER's Solutions and Strengths】

Hirose SER has the capability to mass-produce world-class ultra-miniature probes with high precision. These probes enhance signal density and high-speed transmission characteristics, helping address customers' technical challenges.

*Sales for August-March after consolidation of Hirose SER

Expanding added value through Hirose SER's cutting-edge technology Aim for sustained high growth as a new pillar

【Opportunities and Strengths】

6 bil yen

1.8 bil yen

FY25

FY26

FY29

Opportunity: Increasing sophistication of semiconductors leads to higher signal speeds and densities.

Strengths: Supply of ultra-small probes with high accuracy and excellent transmission characteristics.

Providing connectivity solutions to support innovation in semiconductor testing

【Hirose Group Synergies】

• Development of application products that take advantage of the characteristics of small, high-speed transmission probes.

• Leveraging the mass production and high-quality know-how cultivated in the connector business to strengthen Hirose SER's supply capacity.

  FY27

  Aiming for further growth and accelerating the creation of group synergies

• Proposing new solutions to a wide range of markets and customers.

FY2026 Year-on-year Operating Profit Assumptions of Variable Factors

(Yen in hundred millions)

430

Increase in volume

110

-10 -10

Increase in amortization costs

Increased labor costs

-80 -10

Increased

30 460

Price

FY25 Operating Profit

material and purchasing costs

Others

Optimization

FY26 Operating Profit Forecast

Trend in Shareholder Returns

(Yen in hundred millions)

100.0%

50.0%

0.0%

FY2013

FY2014

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

400.00

From FY2024, dividends are determined based on a 5% DOE.(Payout ratio: FY2025 50.9%, FY2026 forecast 50%) In FY2025, approx. ¥20bn in share buybacks were executed, resulting in a total shareholder return ratio of 112%. Up to ¥60bn in share repurchases planned for FY2025-FY2028 (approx. ¥40bn remaining to be executed by FY2028).

300.00

200.00

100.00

FY2026(予)

-

配当 金

自己株 取得

配当性向(%)

総還元性向(%)

Dividend

Buyback

Dividend payout ratio(%)

Total payout ratio(%)

Forecast

Hirose Technology Exhibition CONNECTION2025 Results

A technology exhibition is held once every three years. The number of visitors increased by 21.5% from the previous event.

Attendance exceeded 10,000 visitors, far surpassing that of the previous event. Through hypothesis validation conducted by our engineers, we aim to generate future product concepts that incorporate feedback from customers' design engineers.

of Visitors

FY25

10,009 people

FY19

6,7 ple

04 peo

2F2Y年2度2

7,678,668p6e名ople

Number

* Chairman of the board of directors Kazunori Ishii retires [ Ratio of Outside Directors 50% ]

Appendix. Sales by industrial segments round number (Quarterly Basis)

(Yen in hundred millions)

27

© 2026 HIROSE ELECTRIC CO., LTD. All rights reserved.