Maxell : Presentation of Consolidated Business Results for the Third Quarter ended December 31, 2025

Financial Results of 3rd Quarter, FY2025

(April - December 2025)

January 30, 2026 Maxell, Ltd.

1. FY2025 3Q Results Overview

   ・Net Sales 96.3 billion Yen (YoY+0.7%), Operating Profit 7.2 billion Yen (+9.1%), Net Profit 6.2 billion Yen (+12.7%)

   ・Secured increase in sales and profit despite decreased sales from the discontinuation of prismatic LIB* production

   and soaring raw-material costs

2. Progress and Outlook for Analog Core Business Group

   ・While progress varies by segment, the Company will strive to meet fiscal-year target overall

3. Shareholder Returns

   ・Executed share buyback of approximately 13.2 billion yen on November 19, 2025

   *Consumer lithium-ion battery

4. Acquisition of Primary Battery Business from Murata Manufacturing

   ・Progressing as planned toward the completion of the business acquisition within FY2025

5. Updates on All-Solid-State Batteries

・Accelerating product development based on requests from a variety of customers

・Following Subaru Corporation, the product has also been deployed on industrial robots operating at Kyocera Corporation's manufacturing site

・Net sales increased due to higher sales of primary batteries mainly for infrastructure and medical device applications and increase in licensing revenue, including revenue recognized in advance from 4Q, despite declines in rechargeable batteries, semiconductor-related products, and health & beauty care products

・Operating profit increased due to higher profits from primary batteries for infrastructure and medical device applications, higher profits from industrial materials such as coated separators, and increase in licensing revenue, despite the impact of reduced sales following the discontinuation of prismatic LIB production and sharply rising raw-material costs

Net Sales (FY accumulated)

129.8 136.5

95.6 96.3

63.1 64.7

31.4 30.3

1Q 2Q 3Q 4Q

Operating Profit (FY accumulated)

9.3 10.0

6.6 7.2

2.3

2.0

4.2

5.1

＊Net Profit attributable to owners of parent

1Q 2Q 3Q 4Q

FY2024 FY2025 FY2025 (Forecast)

（Unit: JPY billion）

Quantity Variance 1.4

Price Variance

(0.3)

Exchange

Variance

(0.4)

・Energy (0.2)

・Functional Materials +0.1

・Optics & Systems ＋2.5

・Value Co-Creation Businesses (1.0)

FY2024 FY2025

Price Variance

Exchange

Variance

Sales increase Sales decrease