Ichikoh Industries : Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2026

May 14, 2026

Company name: ICHIKOH INDUSTRIES, ltd.

Stock exchange listings: Tokyo Stock Exchange

Stock code: 7244

URL: http://www.ichikoh.com/

Representative: Christophe Vilatte, President, CEO, Representative director

Contact: Hiroyuki Shirato, Executive Officer, CFO

TEL: +81-463-96-1442

Scheduled date for dividend payment: None Supplementary materials for financial summaries: None Financial results briefing: None

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Three Months of the Fiscal Year Ending December 31, 2026 (from January 01, 2026 to March 31, 2026)
   1. Consolidated operating results (Cumulative) (Percentage indicate YoY changes)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Three months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      March 31, 2026	29,429	4.2	1,165	(19.1)	1,594	(11.9)	1,245	21.2
      March 31, 2025	28,235	(7.9)	1,439	(4.2)	1,809	19.5	1,027	28.0

      (Note) Comprehensive income For the three months ended December 31, 2026: 1,492 million yen (- %) For the three months ended December 31, 2025: (41) million yen (- %)

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      March 31, 2026	12.94	-
      March 31, 2025	10.68	-

   2. Consolidated financial positions

   	Total assets	Net assets	Capital adequacy ratio
   As of	Million yen	Million yen	%
   March 31, 2026	124,502	80,820	64.1
   December 31, 2025	129,641	80,120	61.0

   (Reference) Owner's equity As of the first quarter of the fiscal year ending December 2026: 79,829 million yen As of the fiscal year ended December 2025: 79,106 million yen

2. Cash dividends

   	Annual dividends
   	End of first quarter	End of second quarter	At the end of the third quarter	Fiscal year-end	Total
   Fiscal year ended December 31, 2025 Fiscal year ending December 31, 2026	Yen	Yen	Yen	Yen	Yen
   	- -	7.00	-	7.00	14.00
   Fiscal year ending December 31, 2026 (Forecast)		9.00	-	9.00	18.00

   (Note) Presence or absence of revisions from the most recently announced dividend forecast: None

3. Consolidated Earnings Forecasts for the Fiscal Year Ending December 31, 2026 (from January 01, 2026

(Percentages indicate YoY changes)

(Note) Correction of financial forecast from the most recent financial forecast: None

* Notes

1. Significant changes in the scope of consolidation during the period: None

2. Application of specific accounting for the consolidated quarterly financial statements: Yes

3. Changes in accounting policies, changes in accounting estimates, retrospective restatement

   1. Changes in accounting policies based on revisions of accounting standard

      : None

   2. Changes in accounting policies other than (i) above : None

   3. Changes in accounting estimates : None

   4. Retrospective restatement : None

4. Number of shares issued (common stock)

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

      As of March 31, 2026	96,431,141 shares
      As of December 31, 2025	96,431,141 shares

   2. Number of treasury shares at the end of the period

      As of March 31, 2026	182,047 shares
      As of December 31, 2025	181,947 shares

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

※ Review of attached consolidated quarterly financial statements by a certified public accountant or an audit firm: None

* Notes on the appropriate use of forecasts and other special items

Forward-looking statements such as forecasts of business performance contained in this document are based on information currently available to the Company and on certain assumptions deemed reasonable. Actual results may differ significantly due to various factors.

1. Qualitative information regarding the quarterly financial results

   (1) Explanation of operating results

   During this cumulative period of the first quarter, the Japanese economy continued on a moderate recovery trend, supported by improvements in the employment and income environment. In addition to the resilience of personal consumption due to the turnaround in real wages, steady automobile exports also contributed to this recovery. On the other hand, the surge in crude oil prices and supply uncertainties for raw materials due to heightened tensions in the Middle East have continued to push up manufacturing and logistics costs, resulting in a persistently uncertain outlook. In the United States, the economy remained firm, supported by AI investment and personal consumption, but automobile demand showed signs of restraint due to continued high interest rates, persistently high vehicle prices, and rising gasoline prices. In ASEAN, Malaysia's economy remained strong in both domestic and external demand, and Indonesia showed signs of economic recovery, although the risk of renewed inflation emerged. Meanwhile, in Thailand, prolonged tensions in the Middle East became a downward factor, increasing uncertainty in the economic outlook.

   Under these circumstances, automobile production volume for this cumulative period of the first quarter was higher than the same period of the previous year in Japan, our main market, driven by strong automobile exports. In ASEAN, production in Thailand exceeded the previous year, mainly due to a recovery in pickup truck production. However, production in Malaysia fell below the previous year due to increased holidays such as the Lunar New Year, while Indonesia remained at about the same level as the previous year. As a result, total production in ASEAN showed a slight increase compared to the same period of the previous year.

   As a result, for this cumulative period of the first quarter, our Net sales exceeded the previous year's level in both Japan and ASEAN, and the year-on-year changes in both Net sales and automobile production volume also surpassed the previous year in both regions. As a result, Net sales were 29,429 million yen (up 4.2% YoY), while the increase in profit from higher sales was offset by temporary factors, resulting in Operating profit of 1,165 million yen (down 19.1% YoY) and Ordinary profit of 1,594 million yen (down 11.9% YoY). However, as there were no Business restructuring expenses and other such costs in the current period as there were in the previous period, Profit attributable to owners of parent increased to 1,245 million yen (up 21.2% YoY).

   (3) Explanation regarding consolidated forecasts and other forward-looking information

   There are no revisions to the consolidated forecasts for the fiscal year ending December 2026 from the figures announced on February 13, 2026.

   In the current business environment, uncertainty is increasing due to geopolitical risks and rising prices, and this trend is expected to continue in the future. In addition, the automotive industry is drawing attention to three trends: the reorganization of the EV market, the full-scale adoption of SDVs (Software Defined Vehicles), and the rising procurement risks. In order to turn these changes into opportunities and overcome threats, our company aims to build a robust management foundation that is resilient to market fluctuations and achieve sustainable growth by expanding the supply of high value-added finished goods and thoroughly streamlining operations.

   Please note that any statements regarding forecasts or other forward-looking information contained in this document are based on information currently available to the Company and on certain assumptions deemed reasonable. Actual results may differ due to various factors.

2. Quarterly Consolidated Financial Statements and Main Notes

(1) Quarterly Consolidated Balance Sheet

(Unit: Million yen)

As of December 31, 2025 As of March 31, 2026

Assets