Financial Statements for the Fourth Quarter

May 13, 2025

Company name: Meiko Electronics Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 6787

URL: https://www.meiko-elec.com/ Representative: Yuichiro Naya (President & CEO)

Inquiries: Atsushi Funayama (General Manager of Finance Headquarters) Telephone: +81-467-76-6001

Scheduled date of annual general meeting of shareholders: June 26, 2025 Scheduled date to commence dividend payments: June 12, 2025 Scheduled date to file annual securities report: June 26, 2025 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)
   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 206,806 179,458	% 15.2 7.3	Millions of yen 19,083 11,660	% 63.7 21.8	Millions of yen 18,763 14,267	% 31.5 27.2	Millions of yen 14,924 11,310	% 32.0 27.8

      Note: Comprehensive income	For the fiscal year ended March 31, 2025:	¥13,025 million	[-42.6%]
      	For the fiscal year ended March 31, 2024:	¥22,708 million	[73.1%]

      	Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Ratio of operating profit to net sales
      Fiscal year ended March 31, 2025 March 31, 2024	Yen 569.47 428.70	Yen - -	% 14.5 12.9	% 7.7 6.6	% 9.2 6.5

      Reference: Share of profit (loss) of entities accounted for using equity method For the fiscal year ended March 31, 2025: ¥- million

      For the fiscal year ended March 31, 2024: ¥- million

   2. Consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of March 31, 2025 March 31, 2024	Millions of yen 256,366 229,960	Millions of yen 115,605 105,458	% 42.2 42.7	Yen 3,939.30 3,549.20

      Reference: Equity

      As of March 31, 2025: ¥108,238 million As of March 31, 2024: ¥98,184 million

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 21,655 23,357	Millions of yen -24,327 -21,586	Millions of yen 4,141 681	Millions of yen 22,913 21,363

2. Cash dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen - -	Yen	Yen - -	Yen	Yen	Millions of yen 1,762 2,288	%	%
   Fiscal year ended March 31,2024		27.00		41.00	68.00		15.9	2.2
   Fiscal year ended March 31, 2025		40.00		48.00	88.00		15.5	2.4
   Fiscal year ending March 31, 2026 (Forecast)	-	45.00	-	45.00	90.00		15.2

   The above "Cash dividends" is the status of dividends on common stock. For dividends on class shares (unlisted) issued by the Company, which have different rights from those of common shares, please refer to "(Reference) Dividends on Class Shares" below.

3. Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): Yes

   Newly included: 1 company (Company name) Meiko Electronics Hoa Binh Co., Ltd. Excluded: - companies (Company name) -

   (Significant changes in the scope of consolidation)

   Meiko Electronics Hoa Binh Co, Ltd, which was a non-consolidated subsidiary, has been included in the scope of consolidation from this fiscal year due to its increased importance.

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

      (Application of "Accounting Treatment and Disclosure for Corporate Taxes Related to Global Minimum Tax System")

      The Company has applied "Accounting Treatment and Disclosure for Corporate Taxes Related to Global Minimum Tax System" since April 1, 2024 based on Practical Solution No. 46 issued on March 22, 2024.

      Unpaid corporate income taxes arising from the Global Minimum Tax regime that are not due within one year from the next day of the consolidated balance sheet date are presented as "Long-term unpaid corporate income taxes" under non-current liabilities. In the consolidated statement of income, taxes related to the Global Minimum Tax regime are included in "corporate, inhabitant, and enterprise taxes".

      As a result, for the current consolidated fiscal year, current liabilities increased by ¥165 million and non-current liabilities increased by ¥136 million on the consolidated balance sheet. Retained earnings decreased by ¥305 million, while the foreign currency translation adjustment increased by ¥3 million. Net income attributable to owners of the parent decreased by ¥305 million in the consolidated statement of income. In addition, net assets per share decreased by ¥11.77, and basic earnings per share decreased by ¥11.90.

      The impact on the consolidated financial statements for the current fiscal year is immaterial.

3. Number of issued shares (common shares)

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

      As of March 31, 2025	26,803,320 shares
      As of March 31, 2024	26,803,320 shares

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

      As of March 31, 2025	1,143,447 shares
      As of March 31, 2024	1,156,117 shares

   3. Average number of shares outstanding during the period

Note: The number of treasury stock at the end of the period and the number of treasury stock deducted from the calculation of the average number of shares during the period include the Company's shares held as trust assets of the "Stock Delivery Trust for Directors" and the "Stock Benefit Trust (J-ESOP)".

1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 68,381 64,730	% 5.6 4.8	Millions of yen 3,051 2,720	% 12.2 -47.8	Millions of yen 3,372 5,872	% -42.6 -9.4	Millions of yen 2,677 4,880	% -45.1 -2.8

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended March 31, 2025 March 31, 2024	Yen 92.08 177.99	Yen - -

2. Non-consolidated financial position

Reference: Equity

As of March 31, 2025: ¥40,473 million

As of March 31, 2024: ¥40,150 million

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

• Cautionary statement regarding forward-looking statements, and other information

  The forward-looking statements including operational forecasts in this report are based on information currently available to the Company and certain assumptions that the Company deems reasonable, and are not intended as a guarantee by the Company that they will be achieved. Actual results may differ materially due to various factors.

• The Company plans to hold an IR meeting on financial results briefing for institutional investors on May 22, 2025. The materials used in the IR meeting will to be posted on the Company's website immediately after the meeting.

(Reference) Dividends on Class Shares

Breakdown of dividends per share related to class shares with different rights from those of common stocks is as follows.

Note: The number of the above first bond type class shares issued is 70 shares and was issued on October 25, 2022.