Ichikoh Industries : Summary of consolidated financial results as of December 31, 2025

February 13, 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: Tomonori Hisano, GM of Corporate Planning Department

TEL: +81-463-96-1442

Scheduled date for ordinary general meeting of shareholders: March 26, 2026 Scheduled date for dividend payment: March 27, 2026 Scheduled date for submission of securities report: March 25, 2026 Supplementary materials for financial summaries: Yes

Financial results briefing: Yes

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

1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2025 (from January 01, 2025 to December 31, 2025)
   1. Consolidated operating results (Percentages indicate YoY changes)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      December 31, 2025	117,089	(6.7)	5,815	19.1	7,566	16.1	6,203	38.8
      December 31, 2024	125,544	(14.0)	4,883	(34.2)	6,517	(19.8)	4,470	(43.0)

      (Note) Comprehensive income For the fiscal year ending December 2025: 10,557 million yen (43.4%) For the fiscal year ended December 2024: 7,360 million yen ((31.3)%)

      	Basic earnings per share	Diluted earnings per share	Rate of return on equity	Ordinary profit to total assets ratio	Operating profit to net sales ratio
      Fiscal year ended	Yen	Yen	%	%	%
      December 31, 2025	64.47	-	8.3	5.8	5.0
      December 31, 2024	46.48	-	6.7	5.0	3.9

      (Reference) Investment profit (loss) on equity method For the fiscal year ending December 2025: 2,035 million yen For the fiscal year ended December 2024: 2,093 million yen

   2. Consolidated financial positions

      	Total assets	Net assets	Capital adequacy ratio	Net assets per share
      As of	Million yen	Million yen	%	Yen
      December 31, 2025	129,641	80,120	61.0	821.90
      December 31, 2024	130,089	70,951	53.8	728.29

      (Reference) Owner's equity For the fiscal year ending December 2025: 79,106 million yen; For the fiscal year ended December 2024: 70,048 million yen

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at the end of period
   Fiscal year ended	Million yen	Million yen	Million yen	Million yen
   December 31, 2025	12,008	(10,762)	(2,117)	12,431
   December 31, 2024	11,047	(4,729)	(3,036)	12,642

2. Cash dividends

   	Annual dividends					Total dividends	Payout ratio (consolidated)	Dividends to net assets (consolidated)
   	End of first quarter	End of second quarter	End of the third quarter	Fiscal year-end	Total
   Fiscal year ended December 31, 2024 Fiscal year ended December 31, 2025	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
   	- -	6.50 7.00	- -	6.50 7.00	13.00 14.00	1,250 1,347	28.0 21.7	1.9 1.8
   Fiscal year ending December 31, 2026 (Forecast)	-	9.00	-	9.00	18.00		34.6

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

(Percentages indicate YoY changes)

* Notes

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

   Note to material changes in subsidiaries during this period

2. 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

      Notes regarding changes in accounting policies, changes in accounting estimates, and retrospective restatement

3. Number of shares issued (common stock)

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

      As of December 31, 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 December 31, 2025	181,947 shares
      As of December 31, 2024	181,424 shares

   3. Average number of shares outstanding during the period

      Fiscal year ended December 31, 2025	96,223,377 shares
      Fiscal year ended December 31, 2024	96,170,820 shares

      (Reference) Overview of Non-consolidated Results

      1. Non-consolidated financial results for the fiscal year ended December 31, 2025 (from January 01, 2025 to December 31, 2025)
      1. Non-consolidated operating results (Percentages indicate YoY changes)

         	Net sales		Operating profit		Ordinary profit		Net income
         Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
         December 31, 2025	82,822	(4.8)	1,164	(42.1)	8,991	206.9	7,895	130.3
         December 31, 2024	87,042	(14.6)	2,012	(48.1)	2,929	(28.5)	3,428	(15.8)
         	Basic earnings per share		Diluted earnings per share
         Fiscal year ended	Yen		Yen
         December 31, 2025	82.05		-
         December 31, 2024	35.65		-

      2. Non-consolidated financial positions

         	Total assets	Net assets	Capital adequacy ratio	Net assets per share
         As of	Million yen	Million yen	%	Yen
         December 31, 2025	91,197	54,537	59.8	566.63
         December 31, 2024	90,446	47,915	53.0	498.17

         (Reference) Owner's equity Fiscal year ending December 2025: 54,537 million yen Fiscal year ended December 2024: 47,915 million yen

         • Financial results reports are not subject to audits by certified public accountants or audit corporations.

         • 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 on certain assumptions deemed reasonable. Actual results may differ significantly due to various factors.

      1. Overview of Operating Results, etc.

      (1) Overview of operating results for the period

      In the current fiscal year, the Japanese economy continued its moderate recovery trend, supported by improvements in the employment and income environment, with personal consumption and capital investment remaining firm. On the other hand, there are still situations that require close attention, such as the impact of U.S. trade policies, rising cost pressures due to soaring raw material prices and yen depreciation, and the worsening labor shortage. Overseas, the Chinese economy slowed down due to the diminishing effects of policy measures, while the U.S. economy continued its moderate recovery with firm employment and consumption, although concerns remain regarding tariff policies and the impact of high interest rates. In ASEAN, Indonesia and Malaysia maintained stable growth with strong domestic demand, while Thailand continued to face a challenging economic environment due to sluggish domestic demand, resulting in a mixed picture.

      In the automobile industry to which our group belongs, domestic production in Japan decreased year-on-year due to production cuts by some automobile manufacturers. Production in ASEAN countries was also sluggish, resulting in a year-on-year decrease for the three major ASEAN countries as well. Furthermore, the outlook remains uncertain as the procurement of semiconductor-related parts continues to impact production.

      Under such market conditions, in the current fiscal year, in addition to the impact of the absence of net sales from the after-market business sold in the previous consolidated fiscal year, net sales in Japan decreased due to production cuts by some automobile manufacturers, resulting in net sales of 117,089 million yen (down 6.7% YoY). In terms of profit, operating profit increased to 5,815 million yen (up 19.1% YoY) due to mold revenue from the launch of new finished goods, promotion of price pass-through, improvement in defect rates, and productivity enhancement. Ordinary profit increased to 7,566 million yen (up 16.1% YoY), including the recording of 2,035 million yen in share of profit of entities accounted for using equity method. Profit attributable to owners of parent increased to 6,203 million yen (up 38.8% YoY), resulting in decreased sales but increased profits.

      Note: As the Group's segments in the current fiscal year consist of a single segment, the Automotive Parts business, segment information is omitted.

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4. Future Outlook

Regarding the forecasts for the fiscal year ending December 2026, the outlook remains uncertain due to changes in the trade environment caused by U.S. tariff policies and the prolonged geopolitical risks. In addition, domestically, the trend of real wages amid rising prices will be a key focus.

In this market environment, regarding net sales, we anticipate the continued impact of production reductions by certain automobile manufacturers and concerns over sluggish production volumes in the ASEAN market. Net sales are expected to be 118,000 million yen (up 0.8%). In terms of profit, due to the effects of improved productivity and the promotion of price pass-through, operating profit is expected to be 5,900 million yen (up 1.4%), ordinary profit is expected to be 6,600 million yen (down 12.8%), and profit attributable to owners of parent is expected to be 5,000 million yen (down 19.4%).

Regarding the dividend for the fiscal year ending December 2026, taking into comprehensive consideration factors such as the improvement of the payout ratio and the dividend on equity (DOE) as disclosed at financial results briefings, we plan to increase the annual dividend by 4 yen from 14 yen in the fiscal year ending December 2025 to 18 yen.