Consolidated Financial Results for the Six Months Ended September 30, 2025

This document has been translated from thpeanJaese original for reference purposes only. In etvhent of any discrepancy

Note:

between this translated document and the Japanreigsienaol, the original shall prevail.

November 14, 2025

Company name: Mipox Corporation Listing: Tokyo Stock Exchange Securities code: 5381

URL: http://www.mipox.co.jp/ Representative: Jun Watanabe, President Inquiries: Kenji Nakagawa, Director

Telephone +81-2-8999-9946

Scheduled date to file sem-ainnual securities repor November 14, 20 Scheduled date to commence dividend paym -

Preparation of supplementary material on finanrceiaslults: Yes

Holding of financial results briefing: None

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

1. Consolidated financial results for the six montshended September 30, 2025 (from April 1, 2025 toepStember 30, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate ye-on-year ch nges.

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Six months ended	Millions of yen	％	Millions of yen	％	Millions of yen	％	Millions of yen	％
      September 30, 2025	5,693	1.1	235	(63.1)	194	(56.2)	265	(42.0)
      September 30, 2024	5,632	30.2	639	-	443	-	458	-

      Not : Comprehensive income: For the six months ended September 30, 2025: ¥3i2lli2onm[(43.7)%]

      For the six months ended September 30, 2024: ¥5i7lli4onm[ ― %]

      	Basic earnings per share	Diluted earnings per share
      Six months ended	Yen	Yen
      September 30, 2025	18.96	-
      September 30, 2024	32.19	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	％
   September 30, 2025	17,285	8,442	48.8
   March 31, 2025	15,931	8,463	53.1

   Reference: Equity

   As of September 30, 2025: ¥8,442 million As of September 30, 2024: ¥8,463 million

2. Cash dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-en	dThird quarter-end	Fiscal year-end	Total
   Fiscal year ende March 31, 2025 Fiscal year ending	Yen -	Yen 0.00	Yen -	Yen 10.00	Yen 10.00
   March 31, 2026	-	0.00
   Fiscal year ending March 31, 2026 (Forecast			-	10.00	10.00

   Note Revisions to the forecast of cash dividends moset nretlcy announced: No

3. Consolidated earnings forecast for the fiscal yaer ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

Note Revisions to the most recently announced performafonrceecast: Yes

For details, please refer to the "Notice on EarnsinFgorecast for the Fiscal Year Ending March 31, 260."2 announce today (November 14, 2025

1. Significant changes in the scope of consolidoantiduring the period: Yes Newly included: 1 (Company name: Ujike Corporation ) Excluded: ― (Company name:― )

2. Adoption of accounting treatment specific teoptrheparation of semi-annucaol nsolidated financial statemen

   None

3. Changes in accounting policies, changes in acucnoting estimates, and restatement

   1. Changes in accounting policies due to revisiotnosaccounting standards and other regulations:eNon

   2. Changes in accounting policies due to othear sroens: None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of issued shares (common shares)

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

      As of September 30, 2025	14,451,920 shares
      As of March 31, 2025	14,451,920 shares

   2. Number of treasury shares at the end of threiopde

      As of September 30, 2025	608,692 shares
      As of March 31, 2025	212,852 shares

   3. Average number of shares outstanding duritnhge period (cumulative from the beginning of tihsceafl year)

Note: The number of treasury shares includes 1803,s3h0ares held in trust for the fiscal year endedrcMha31, 2025 and 183,300 shares for the six months ended September 30, 2025.

• Semi-annual financial results reports are exempt fromvierwe conducted by certified public accountan an audit firm

• Proper use of earnings forecasts, and other spemcaiatlter

・The forwardl-ooking statements, including earnings forecastosn, tcained in this document are based information currently available to the company acnerdtain assumptions deemed reasonable. Actual rtes may vary significantly due to various fact

1. Qualitative information on interim financialurlets............................................... 5

   1. Explanation of operating results............................................................. ................................................... 5

   2. Explanation of Financial Position ............................................................. 6

   3. Explanation of consolidated financial forecaastnsd other forward-looking information 7

2. Consolidated financial statements and key n.o..t.e...s............................................ 8

   1. Consolidated balance sheet ................ ................................................... ................................................... 8

   2. Consolidated income statements & comprehensinivceome 10

   3. Consolidated statement of cash flows ....................................................... 11

   4. Notes to consolidated interim financial statenmtse............................................... 13

(Notes on going concern assumptions)............................................................ 13

(Notes on significant changes in the amount of eshaorlders' equity) 13

(Notes on changes in the scope of consolidationthoerscope of application of the equity method..) 13

(Notes on consolidated income statements & compnrseihve income) 13

(Segment information, etc.) ........................................................................ 14

(Business combinations) 15

During the consolidated interim accounting periof dfisocal year 2026, the Japanese economy showendssoigf a gradual recovery due to factors such as improvems einnthe employment and income environment. How,ever the outlook remains uncertain due to factors suscthhea impact of U.S. trade policies and persistyenhtilgh raw material and energy prices.

Amid these conditions, we have remained focusedouorncore management policies: enhancing the addaeludev of our product business through an engineering-ednriavpproach, transitioning from a contract-basesdinbeuss model to an engineering services business, andnsgttrheening our management foundation to better nredsptoo rapid changes and increasing market diversity. lIingnament with our corporate mission-"Changing theorWld Through Coating, Cutting, and Polishing"-we contienuto implement strategic initiatives to drive siunsatbale growth.

As a result, the Group's performance for the sixnmthos ended September 30, 2025 showed sales of 3¥5,69 million (up 1.1% year-on-year), operating profitfs¥o235 million (down 63.1% year-on-year), ordinapryofit of

¥194 million (down 56.2% year-on-year), and netfpitroattributable to owners of parent of ¥265 mnil(ldioown 42.0% year-on-year).

The financial performance of each business segmisenotutlined below.

・Product Business

Net sales in the product business amounted to ¥45m,2i8llion (up 9.3% year-on-year). Sales of high-thepcroducts such as optical fiber and hard disk drives remained robust, supepdorbt y the continued strength of the data netwocrtkors.eSegment profit decreased to ¥420 million (down 46.0% year-on-y,eparri)marily due to an increase in the burden raftecommon fixed costs caused by a decline in the OEM Business and higshelrling, general and administrative expenses.

・OEM Business

Net sales in the OEM business amounted to ¥409iomnil(ldown 48.6% year-on-year). Business from cont rpaoclishing remained steady. However, sales from contract coating anitdtinslg declined even as business with a focus oontoptrypes for mass production increased. As a result, segment loss was ¥184 monilli(compared to a segment loss of ¥139 millionhien stame period last year).