Maxell : Notice of Recording of Extraordinary Income and Revision of Consolidated Financial Forecast for the Fiscal Year ended March 31, 2026

Tokyo, April 14, 2026－Maxell, Ltd. (TSE: 6810, hereinafter "the Company") has announced that the Board of Directors held today resolved to record extraordinary income and to revise consolidated financial forecast for the fiscal year ended March 31, 2026 (April 1, 2025 through March 31, 2026) from the previous forecast announced on April 25, 2025 as detailed below.

1. Recording of Extraordinary Income

   Relating to the transfer of equity interests in Wuxi Maxell Energy Co., Ltd., as announced in the "Notice of Change in Consolidated Subsidiary due to Transfer of Equity Interest" dated February 4, 2026, the Company now plan to record a gain on sale of investments in affiliates of approximately

   2.9 billion yen in the financial statements for the fiscal year ended March 31, 2026.

   	Net Sales	Operating profit	Profit attributable to owners of parent	Net profit per share
   Previous Forecast (A) (as of April 25, 2025)	(million yen) 136,500	(million yen) 10,000	(million yen) 7,000	(yen) 162.32
   Revised Forecast (B)	129,500	7,900	8,200	200.56
   Variance (B-A)	(7,000)	(2,100)	1,200	_
   % of change	(5.1)	(21.0)	17.1	_
   (Reference) Results of the previous fiscal year ended March 31, 2025	129,806	9,318	4,090	93.12

2. Revision of Consolidated Financial Forecast for the Fiscal Year ended March 31, 2026 (April 1, 2025 through March 31, 2026)
3. Reason for Revision

Regarding the full-year financial forecast for the fiscal year ended March 2026, mainly due to delays in the recovery of sales of semiconductor-related products and surging raw material costs in the Energy segment, net sales are now expected to be 129,500 million yen, operating profit 7,900 million yen, and net profit attributable to owners of parent 8,200 million yen. Compared with the previous forecast mentioned above, this represents a downward revision of 7,000 million yen in net sales and 2,100 million yen in operating profit, while net profit attributable to owners of parent has been revised upward by 1,200 million yen due to the recording of extraordinary income.

The differences between the revised forecast and the previous forecast for net sales and operating profit by segment are as follows.

Unit: million yen

(Energy)

Although there was an impact from surging raw material costs, the full-year forecast was revised upward for both net sales and operating profit due to strong sales of primary batteries for automotive applications and medical devices.

(Functional Materials)

The full-year forecast for both net sales and operating profit was revised downward because the sluggish performance of adhesive tapes in the first half could not be recovered in the second half, and the sales of industrial materials did not reach the initial plan although they increased year on year.

(Optics & Systems)

The full-year forecast was revised downward for both net sales and operating profit due to the sluggish performance of semiconductor-related products and inventory valuation losses.

(Value Co-Creation Businesses)

The full-year forecast was revised downward for both net sales and operating profit due to the sluggish performance in health and beauty care products affected by U.S. tariff measures in the first half.

Note:

This financial forecast is based on the information available as of the date of its announcement and actual performance may differ due to variety of factors.

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