Hosiden Corp.TSE: 6804

Consolidated Financial Results for the First Three Months Ended June 30, 2025

Aug 18, 2025 at 7:14 AM UTC · Issued by Hosiden Corp.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

August 8, 2025

Consolidated Financial Results for the First Three Months Ended June 30, 2025 (Under Japanese GAAP)

Company name: Hosiden Corporation Listing: Tokyo Stock Exchange Securities code: 6804

URL: https://www.hosiden.com/en/ Representative: Kenji Furuhashi, President and CEO

Inquiries: Tadamichi Tani, General Manager of President Office Telephone: +81-72-993-1010

Scheduled date to commence dividend payments: -Preparation of supplementary material on quarterly financial results: None Holding of quarterly financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)

Consolidated financial results for the first three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)

Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
June 30, 2025	116,340	101.0	2,391	(45.5)	1,956	(63.7)	1,313	(64.2)
June 30, 2024	57,876	2.8	4,391	69.1	5,389	(1.3)	3,669	0.3

(Note) Comprehensive income	For the first three months ended June 30, 2025	599 million yen	[(89.3)%]
	For the first three months ended June 30, 2024	5,619 million yen	[8.4%]

	Basic earnings per share	Diluted earnings per share
Three months ended	Yen	Yen
June 30, 2025	25.82	24.00
June 30, 2024	70.99	64.94

Consolidated financial position

	Total assets	Net assets	Equity-to-asset ratio
As of	Millions of yen	Millions of yen	%
June 30, 2025	203,718	138,881	68.2
March 31, 2025	200,279	140,317	70.1

(Reference) Equity

As of June 30, 2025 138,881 million yen

As of March 31, 2025 140,317 million yen

Cash dividends

	Annual dividends per share
	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2025	-	19.00	-	40.00	59.00
Fiscal year ending March 31, 2026	-
Fiscal year ending March 31, 2026 (Forecast)		25.00	-	25.00	50.00

(Note) Revision of cash dividend forecast most recently announced: None

Consolidated financial results forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Basic earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Six months ending September 30, 2025	235,000	102.3	7,000	(12.2)	7,000	10.4	4,900	10.7	96.29
Full year	428,000	72.9	15,500	14.2	16,000	8.3	11,300	12.6	222.06

(Note) Revision of financial results forecast most recently announced: Yes

Financial results forecasts are based on the exchange rate at the end of the first quarter of this fiscal year, foreign exchange rate of 145 yen per U.S. dollar revised from the previous rate of 143 yen per U.S. dollar

Notes

Significant changes in the scope of consolidation during the period: None Newly included: - companies (Company name)
Excluded: - companies (Company name)
Application of specific accounting for preparing quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
1. Changes in accounting policies due to revisions to accounting standards and other regulations:
  None
2. Changes in accounting policies due to other reasons: None
3. Changes in accounting estimates: None
4. Restatement: None

Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2025	60,164,784 shares
As of March 31, 2025	60,164,784 shares

Number of treasury shares at the end of the period

As of June 30, 2025	9,277,041 shares
As of March 31, 2025	9,277,041 shares

Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2025	50,887,743 shares
Three months ended June 30, 2024	51,690,190 shares

Notes: 1. Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None.

2 Explanation on proper use of earnings forecasts, and other special matters

·The forward-looking statements about the future financial results of this document are future forecasts based on the judgment of Hosiden Corporation (the "Company") taking into account the information currently available, and the Company does not intend to make a warranty of their achievement. These forward-looking statements contain various potential risks and uncertainties, and actual results may be materially different from the forward-looking statements due to various material factors. Therefore, the Company asks not to depend highly on these forward-looking statements.

Contents of the attachment

Index

Qualitative information regarding financial results for the first three months ended June 30, 2025 2
1. Explanation of operating results 2
2. Explanation of financial position 2
3. Information regarding consolidated earnings forecasts and other forward-looking statements 3
Quarterly consolidated financial statements and significant notes thereto 4
1. Quarterly consolidated balance sheets 4
2. Quarterly consolidated statements of income and quarterly consolidated statements of comprehensive income 6
3. Quarterly consolidated statements of cash flows 8
4. Notes to quarterly consolidated financial statements 9

Notes on going concern assumption 9

Notes on significant changes in the amount of shareholders' equity 9

Segment information, etc 9

‌Qualitative information regarding financial results for the first three months ended June 30, 2025‌
1. ‌Explanation of operating results‌
  During the first three months of the fiscal year ending March 31, 2026 (from April 2025 to June 2025), the global economy has been sluggish overall due to downward factors such as uncertain trade policies and geopolitical risks. In the U.S., it has remained steady due to the recovery of personal consumption, while in China, signs of a slowdown have begun to appear in equipment investment. Additionally, in Europe, there is a stagnation in private sector investment, and it is slowing down. In Japan, the economy is gradually recovering, driven by personal consumption and equipment investment, but it still remains in an uncertain state for the future.
  In the electronic component industry to which the Company group (the "Group") belongs, there is increasing uncertainty due to tariff issues in the automotive-related market, leading to sluggishness. Furthermore, in the mobile communications-related market, concerns about economic downturn are causing a decrease in demand and a slowdown in growth.
  Under such circumstances, the Group increased net sales as a whole. Specifically, net sales of the mobile communications-related businesses decreased, but the amusement-related businesses grew significantly.
  Meanwhile, profits were significantly suppressed due to a deterioration in the profit margin from the product mix and the strengthening of the yen.
  As a result, during the period under review, the Group posted consolidated net sales of 116,340 million yen (up 101.0% year on year), operating profit of 2,391 million yen (down 45.5% year on year), ordinary profit of 1,956 million yen (down 63.7% year on year) with foreign exchange losses of 720 million yen in line with foreign exchange fluctuations, and profit attributable to owners of parent of 1,313 million yen (down 64.2% year on year).
  The net sales and segment profit or loss for the reportable segments are as follows:
  Net sales for the electro-mechanical components segment was 107,487 million yen (up 119.6% year on year) due to a significant increase in the amusement-related business despite of decrease in the mobile communications-related business, and segment profit was 1,388 million yen (down 59.8% year on year) due to a deterioration in the profit margin from the product mix and the strengthening of the yen.
  Net sales for the acoustic components segment was 5,038 million yen (down 6.4% year on year) due to a decrease in the automotive-related business while the segment profit was 733 million yen (up 37.8% year on year).
  Net sales for the applied equipment and other segment was 3,814 million yen (up 7.8% year on year) due to increases in the home appliances-related and information and communication businesses despite decreases in the amusement-related and automotive-related businesses, and the segment profit was 269 million yen (down 33.7% year on year).
  Note: Due to a partial change in the performance management classifications of our group, starting from the first quarter of the consolidated accounting period, the reporting segments of our group now include the previously separate "the display components" under "the applied equipment and other". Furthermore, the segment information for the year on year in the text is presented based on the revised classification method.
2. ‌Explanation of financial position‌
  Assets, liabilities, and net assets
  At the end of the first quarter of the fiscal year ending March 31, 2026, total assets increased 3,438 million yen from the end of the previous fiscal year to 203,718 million yen mainly due to an increase in trade receivables despite decreases in cash and deposits and inventories. Total liabilities increased
  4,874 million yen from the end of the previous fiscal year to 64,837 million yen mainly due to a increase in trade payables despite a decrease in income taxes payable.
  Net assets decreased 1,436 million yen from the end of the previous fiscal year to 138,881 million yen mainly due to decreases in retained earnings and foreign currency translation adjustment, resulting in an equity-to-asset ratio of 68.2%.
  Cash flows
  At the end of the quarter under review, cash and cash equivalents decreased 2,399 million yen from the end of the previous fiscal year to 44,369 million yen.
  Net cash provided by operating activities in the period under review was 5,614 million yen. This was mainly due to profit before income taxes of 1,958 million yen, an increase in trade receivables of 21,696 million yen, a decrease in inventories of 7,565 million yen, and an increase in trade payables of 6,985 million yen.
  Net cash used in investing activities was 5,476 million yen. This was mainly due to expenditures of 3,366 million yen from the deposit of term deposits, income of 6,868 million yen from the withdrawal of term deposits, income of 3,500 million yen from the withdrawal of long-term deposits, and expenditures of 1,452 million yen from the acquisition of tangible fixed assets.
  Net cash used in financing activities was 2,054 million yen. This was mainly due to a decrease in dividends paid of 2,035 million yen.
3. ‌Information regarding consolidated earnings forecasts and other forward-looking statements‌
As announced today in the "Notice Regarding Revisions of Financial Results Forecasts," the consolidated financial forecast for the six months ending September 30, 2025 and the fiscal year ending March 31, 2026 have been revised from that announced in the "Consolidated Financial Results for the Fiscal Year Ended March 31, 2025" announced on May 9, 2025.
Financial results forecasts are based on the exchange rate at the end of the first quarter of this fiscal year, foreign exchange rate of 145 yen per U.S. dollar revised from the previous rate of 143 yen per
U.S. dollar.
‌Quarterly consolidated financial statements and significant notes thereto‌

‌Quarterly consolidated balance sheets‌

		(Millions of yen)
As of March 31, 2025		As of June 30, 2025
Assets
Current assets
Cash and deposits	59,564	50,108
Notes and accounts receivable - trade, and contract assets	33,142	54,587
Merchandise and finished goods	8,220	7,561
Work in process	3,207	3,049
Raw materials and supplies	61,897	54,631
Other	5,667	5,224
Allowance for doubtful accounts	(182)	(182)
Total current assets	171,516	174,979
Non-current assets
Property, plant and equipment	19,602	19,360
Intangible assets	508	468
Investments and other assets
Investment securities	7,228	7,478
Retirement benefit asset	-	47
Other	1,678	1,638
Allowance for doubtful accounts	(254)	(254)
Total investments and other assets	8,652	8,909
Total non-current assets	28,763	28,738
Total assets	200,279	203,718

		(Millions of yen)
As of March 31, 2025		As of June 30, 2025
Liabilities
Current liabilities
Accounts Payable	34,092	40,474
Electronically recorded obligations	1,546	1,725
Short-term borrowings	1,050	1,050
Income taxes payable	2,127	842
Other	6,421	5,693
Total current liabilities	45,236	49,786
Non-current liabilities
Bonds with share acquisition rights	10,190	10,183
Retirement benefit liability	1,497	1,469
Other	3,037	3,398
Total non-current liabilities	14,725	15,050
Total liabilities	59,962	64,837
Net assets
Shareholders' equity
Share capital	13,660	13,660
Capital surplus	19,596	19,596
Retained earnings	112,257	111,535
Treasury shares	(12,393)	(12,393)
Total shareholders' equity	133,120	132,398
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	3,464	3,592
Foreign currency translation adjustment	2,922	2,160
Remeasurements of defined benefit plans	809	728
Total accumulated other comprehensive income	7,196	6,482
Total net assets	140,317	138,881
Total liabilities and net assets	200,279	203,718

‌Quarterly consolidated statements of income and quarterly consolidated statements of comprehensive income‌ Quarterly consolidated statements of income

		(Millions of yen)
Three months ended June 30, 2024		Three months ended June 30, 2025
Net sales	57,876	116,340
Cost of sales	51,143	111,578
Gross profit	6,732	4,762
Selling, general and administrative expenses	2,340	2,370
Operating profit	4,391	2,391
Non-operating income
Interest income	230	197
Dividend income	72	82
Foreign exchange gains	687	-
Other	19	18
Total non-operating income	1,008	299
Non-operating expenses
Interest expenses	9	12
Foreign exchange losses	-	720
Other	2	0
Total non-operating expenses	11	733
Ordinary profit	5,389	1,956
Extraordinary income
Gain on sale of non-current assets	0	2
Total extraordinary income	0	2
Extraordinary losses
Loss on sale and retirement of non-current assets	0	0
Total extraordinary losses	0	0
Profit before income taxes	5,390	1,958
Income taxes - current	1,349	495
Income taxes - deferred	371	149
Total income taxes	1,720	645
Profit	3,669	1,313
Profit attributable to non-controlling interests	-	-
Profit attributable to owners of parent	3,669	1,313

Quarterly consolidated statements of comprehensive income

		(Millions of yen)
Three months ended June 30, 2024		Three months ended June 30, 2025
Profit	3,669	1,313
Other comprehensive income
Valuation difference on available-for-sale securities	638	127
Foreign currency translation adjustment	1,366	(761)
Remeasurements of defined benefit plans, net of tax	(54)	(80)
Total other comprehensive income	1,950	(714)
Comprehensive income	5,619	599
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	5,619	599
Comprehensive income attributable to non-controlling interests	-	-

‌Quarterly consolidated statements of cash flows‌

		(Millions of yen)
Three months ended June 30, 2024		Three months ended June 30, 2025
Cash flows from operating activities
Profit before income taxes	5,390	1,958
Depreciation	681	1,058
Decrease (increase) in trade receivables	(8,416)	(21,696)
Decrease (increase) in inventories	(4,601)	7,565
Decrease (increase) in operating accounts receivable	(603)	151
Increase (decrease) in trade payables	10,841	6,985
Other, net	(39)	(124)
Subtotal	3,252	(4,101)
Interest and dividends received	266	285
Interest paid	(8)	(11)
Income taxes paid	(3,106)	(1,787)
Net cash provided by (used in) operating activities	403	(5,614)
Cash flows from investing activities
Payments into time deposits	(7,265)	(3,366)
Proceeds from withdrawal of time deposits	6,266	6,868
Proceeds from withdrawal of long-term deposits	-	3,500
Purchase of property, plant and equipment	(604)	(1,452)
Other, net	57	(73)
Net cash provided by (used in) investing activities	(1,545)	5,476
Cash flows from financing activities
Purchase of treasury shares	(0)	-
Dividends paid	(2,274)	(2,035)
Other, net	(34)	(19)
Net cash provided by (used in) financing activities	(2,308)	(2,054)
Effect of exchange rate change on cash and cash equivalents	41	(206)
Net increase (decrease) in cash and cash equivalents	(3,408)	(2,399)
Cash and cash equivalents at beginning of period	76,662	46,769
Cash and cash equivalents at end of period	73,253	44,369

‌Notes to quarterly consolidated financial statements Notes on going concern assumption‌‌‌

None applicable.

‌Notes on significant changes in the amount of shareholders' equity‌

None applicable

‌Segment information, etc.‌

Segment information

The first three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)

Net sales, and profit by reportable segment

(Millions of yen)

	Reportable segments				Adjustments	Amounts in quarterly consolidated statements of income
	Electro-mechanical components	Acoustic components	Applied equipment and other	Total	Adjustments	Amounts in quarterly consolidated statements of income
Net sales
Sales to unaffiliated customers	48,955	5,382	3,538	57,876	-	57,876
Inter-segment sales and transfers	-	-	-	-	-	-
Total	48,955	5,382	3,538	57,876	-	57,876
Segment profit (loss)	3,452	532	406	4,391	-	4,391

Note: The total amount of segment profit is equal to the operating profit in the quarterly consolidated statements of income

The first three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)

Net sales, and profit by reportable segment

(Millions of yen)

	Reportable segments				Adjustments	Amounts in quarterly consolidated statements of income
	Electro-mechanical components	Acoustic components	Applied equipment and other	Total	Adjustments	Amounts in quarterly consolidated statements of income
Net sales
Sales to unaffiliated customers	107,487	5,038	3,814	116,340	-	116,340
Inter-segment sales and transfers	-	-	-	-	-	-
Total	107,487	5,038	3,814	116,340	-	116,340
Segment profit (loss)	1,388	733	269	2,391	-	2,391

Note: The total amount of segment profit is equal to the operating profit in the quarterly consolidated statements of income.

Changes in reporting segments

Due to a partial change in the performance management classifications of our group, starting from the first quarter of the consolidated accounting period, the reporting segments of our group now include the previously separate "the display components" under "the applied equipment and other". Furthermore, the segment information for the previous first quarter consolidated cumulative period has been presented based on the revised classification method.