Ichikoh Industries : Consolidated Financial Results for the Nine Months of the Fiscal Year Ending December 31, 2025

November 14, 2025

Company name: ICHIKOH INDUSTRIES, ltd.

Stock exchange listings: Tokyo Stock Exchange

Stock code: 7244

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

Representative: Christophe Vilatte, President, ceo, representative director

Contact: Tomonori Hisano, GM of Corporate Planning Department

TEL: +81-463-96-1442

Scheduled date for dividend payment: -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 Nine Months of the Fiscal Year Ending December 31, 2025 (from January 01, 2025 to September 30, 2025)
   1. Consolidated operating results (Cumulative) (Percentage indicate YoY changes)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      September 30, 2025	86,141	(6.4)	3,739	72.7	4,982	48.1	3,873	52.6
      September 30, 2024	92,068	(16.5)	2,165	(56.4)	3,364	(35.2)	2,538	(53.7)

      (Note) Comprehensive income For the nine months ended December 31, 2025: 3,673 million yen ((6.2)%) For the nine months ended December 31, 2024: 3,917 million yen ((48.2)%)

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      September 30, 2025	40.26	-
      September 30, 2024	26.40	-

   2. Consolidated financial positions

   	Total assets	Net assets	Capital adequacy ratio
   As of	Million yen	Million yen	%
   September 30, 2025	121,363	73,246	59.6
   December 31, 2024	130,089	70,951	53.8

   (Reference) Owner's equity As of the third quarter of the fiscal year ending December 2025: 72,350 million yen As of the fiscal year ended December 2024: 70,048 million yen

2. Cash dividends

   	Annual dividends
   	End of first quarter	End of second quarter	End of third quarter	Fiscal year-end	Total
   Fiscal year ended December 31, 2024 Fiscal year ending December 31, 2025	Yen	Yen	Yen	Yen	Yen
   	- -	6.50 7.00	- -	6.50	13.00
   Fiscal year ending December 31, 2025 (Forecast)				7.00	14.00

   (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, 2025 (from January 01, 2025

(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

   New -Company(Company name) , Exclusion Company(Company name)

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

      : Yes

   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 September 30, 2025	96,431,141 shares
      As of December 31, 2024	96,363,161 shares

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

      As of September 30, 2025	181,821 shares
      As of December 31, 2024	181,424 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 earnings forecasts contained in this document are based on information currently available to the Company and 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 the nine months ended September 30, 2025, the Japanese economy experienced a moderate recovery. Although the impact of U.S. trade policies was observed, particularly in the automobile industry, personal consumption remained resilient due to wage increases from the spring labor negotiations and policy support, and capital investment also remained firm. In the United States, while a slowdown in employment growth became evident and uncertainty persisted due to tariff effects, personal consumption and capital investment remained solid. In ASEAN countries, Indonesia saw a recovery in its economy as a series of government economic stimulus measures supported consumption. In Malaysia, robust private consumption and investment, along with a recovery in exports, underpinned growth. In Thailand, sluggish domestic demand continued, and the appreciation of the currency led to a slowdown in external demand, making the deceleration of the economy more pronounced.

   Under these circumstances, during the nine months ended September 30, 2025, domestic automobile production in Japan recovered from the decline caused by vehicle certification issues, but decreased year on year due to production reductions by some automakers. In ASEAN, production in Malaysia and Thailand showed signs of recovery, but production in Indonesia remained sluggish, resulting in a year-on-year decrease for the three ASEAN countries as a whole.

   As a result, for the nine months ended September 30, 2025, net sales in Japan, our main market, were significantly affected by production decreases at certain automobile manufacturers. In ASEAN, although Indonesia performed well, both Thailand and Malaysia underperformed, resulting in a market share decline. Consequently, net sales were 86,141 million yen (down 6.4% YoY). In terms of profit, due to revenue from molds associated with the launch of new products, promotion of price pass-through, improvement in defect rates, and increased productivity, operating profit was 3,739 million yen (up 72.7% YoY), and ordinary profit was 4,982 million yen (up 48.1% YoY). In addition, profit attributable to owners of parent, despite recording business restructuring expenses of 456 million yen, increased to 3,873 million yen (up 52.6% YoY), resulting in decreased sales but increased profits.

   Note: As the Group's segments for the nine months ended September 30, 2025 consist of a single segment, the Automotive Parts

   business, segment information is omitted.

   (3) Explanation regarding forward-looking statements such as consolidated forecasts

   There are no revisions to the full-year forecasts for the fiscal year ending December 2025 from those announced on February 14, 2025.

   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 materially due to various factors.

2. Quarterly Consolidated Financial Statements and Main Notes

(1) Quarterly Consolidated Balance Sheet

(Unit: Million yen)

As of December 31, 2024 As of September 30, 2025

Assets

Liabilities

(Unit: Million yen) As of December 31, 2024 As of September 30, 2025

Current liabilities