Oki Electric Industry : Full year (Apr. 2025 - Mar. 2026)

(Translation)

Listed Company Name: Oki Electric Industry Co., Ltd. Securities Code: 6703

May 13, 2026

Stock Exchange Listing: Tokyo Stock Exchange URL: https://www.oki.com/global/ Representative: Takahiro Mori, Representative Director and CEO

Contact: Youji Takahashi, General Manager, Investor Relations TEL: +81-3-5635-8212 Date of Ordinary General Meeting of Shareholders (Scheduled): June 24, 2026

Commencement of Dividend Payment (Scheduled): June 25, 2026 Filing of Securities Report (Scheduled): June 22, 2026

Supplementary Document on Financial Results: Yes Financial Results Briefing: Yes (for institutional investors)

(Amounts less than one million yen have been truncated)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

   1. Consolidated Operating Results (Percentage figures indicate year-on-year change)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      March 31, 2026	421,635	(6.8)	18,844	1.2	20,774	23.6	21,510	72.4
      March 31, 2025	452,457	7.3	18,627	(0.3)	16,808	(8.1)	12,479	(51.3)

      (Note) Comprehensive income: Fiscal year ended March 31, 2026: ¥38,626 million (448.9%)

      Fiscal year ended March 31, 2025: ¥7,037 million ((83.9)%)

      	Basic earnings per share	Diluted earnings per share	Return on equity	Ordinary profit to total assets	Operating profit to net sales
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2026	247.99	247.92	13.2	4.9	4.5
      March 31, 2025	143.93	143.83	8.7	4.0	4.1

      (Reference) Share of profit (loss) of entities accounted for using equity method:

      Fiscal year ended March 31, 2026: ¥47 million Fiscal year ended March 31, 2025: ¥35 million

   2. Consolidated Financial Position

      	Total assets	Net assets	Shareholders' equity ratio	Net assets per share
      	Millions of yen	Millions of yen	%	Yen
      As of March 31, 2026	445,211	180,415	40.5	2,078.68
      As of March 31, 2025	410,965	145,745	35.4	1,679.42

      (Reference) Shareholders' equity: As of March 31, 2026: ¥180,316 million

      As of March 31, 2025: ¥145,622 million

   3. Consolidated Cash Flows

      	Net cash provided by (used in) operating activities	Net cash provided by (used in) investing activities	Net cash provided by (used in) financing activities	Cash and cash equivalents at end of period
      Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
      March 31, 2026	20,649	(10,279)	(11,872)	35,786
      March 31, 2025	39,261	(19,634)	(17,861)	36,237

2. Dividends

   	Dividend per share					Total dividend amount (Annual)	Dividend payout ratio (Consolidated)	Dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   Fiscal year ended	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   March 31, 2025	-	0.00	-	45.00	45.00	3,901	31.3	2.7
   March 31, 2026	-	0.00	-	65.00	65.00	5,638	26.2	3.5
   Fiscal year ending March 31, 2027 (Forecasts)	-	0.00	-	65.00	65.00		31.3

3. Consolidated Results Forecasts for the Fiscal Year Ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Percentage figures indicate year-on-year change)

Notes:

1. Significant changes in the scope of consolidation during the period: Yes Newly included: - companies (Company name)

   Excluded: 1 company (Company name) Oki Data Manufacturing (Thailand) Co., Ltd.

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

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

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

   3. Changes in accounting estimates: None

   4. Restatements: None

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, 2026	87,217,602 shares
      As of March 31, 2025	87,217,602 shares

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

      As of March 31, 2026	471,547 shares
      As of March 31, 2025	507,427 shares

   3. Average number of shares during the period

(Reference) Summary of non-consolidated financial results

Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

1. Non-consolidated Operating Results (Percentage figures indicate year-on-year change)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   March 31, 2026	289,575	(9.7)	3,745	(53.9)	12,614	(13.2)	17,522	27.5
   March 31, 2025	320,599	11.9	8,120	-	14,529	(13.6)	13,739	(41.8)

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   March 31, 2026	202.01	201.95
   March 31, 2025	158.46	158.35

2. Non-consolidated Financial Position

(Reference) Shareholders' equity: As of March 31, 2026: ¥130,987 million

As of March 31, 2025: ¥112,372 million

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

Explanation regarding appropriate use of results projection and other special notes (Warning on forward-looking statements)

The forward-looking statements including the forecasts for the financial results contained in this document are based on information currently available to the Company and certain assumptions that the Company deems to be reasonable, and actual results may differ from such statements due to a variety of factors.

(How to obtain supplementary document on financial results)

The Company is scheduled to hold a financial results briefing for institutional investors on May 13, 2026 (Wednesday). The document on financial results is disclosed on TDNet at the same time as this Summary of Consolidated Financial Results and is also made available on the Company's website on the same day.

1. Consolidated Balance Sheets

   		(Millions of yen)
   As of March 31, 2025		As of March 31, 2026
   Assets
   Current assets
   Cash and deposits	36,865	35,897
   Notes and accounts receivable - trade, and contract assets	112,215	130,233
   Finished goods	18,441	17,073
   Work in process	15,122	15,342
   Raw materials and supplies	31,436	26,541
   Other	17,915	19,481
   Allowance for doubtful accounts	(118)	(11)
   Total current assets	231,878	244,558
   Non-current assets
   Property, plant and equipment
   Buildings and structures, net	25,319	24,538
   Machinery, equipment and vehicles, net	7,338	5,714
   Tools, furniture and fixtures, net	8,605	9,157
   Land	16,075	13,938
   Construction in progress	2,948	2,795
   Total property, plant and equipment	60,288	56,144
   Intangible assets	18,153	16,079
   Investments and other assets
   Investment securities	38,380	50,740
   Retirement benefit asset	34,617	47,275
   Other	40,523	45,535
   Allowance for doubtful accounts	(12,875)	(15,121)
   Total investments and other assets	100,645	128,429
   Total non-current assets	179,086	200,653
   Total assets	410,965	445,211
   Liabilities
   Current liabilities
   Notes and accounts payable - trade	61,429	60,746
   Short-term borrowings	41,390	40,787
   Accounts payable - other	22,543	23,597
   Other	41,629	46,624
   Total current liabilities	166,992	171,755
   Non-current liabilities
   Long-term borrowings	56,773	53,230
   Deferred tax liabilities	4,152	10,986
   Retirement benefit liability	27,100	19,109
   Other	10,200	9,713
   Total non-current liabilities	98,226	93,040
   Total liabilities	265,219	264,796

   		(Millions of yen)
   As of March 31, 2025		As of March 31, 2026
   Net assets
   Shareholders' equity
   Share capital	44,000	44,000
   Capital surplus	18,940	18,919
   Retained earnings	83,501	101,069
   Treasury shares	(713)	(663)
   Total shareholders' equity	145,728	163,325
   Accumulated other comprehensive income
   Valuation difference on available-for-sale securities	7,769	12,629
   Deferred gains or losses on hedges	(126)	137
   Foreign currency translation adjustment	(7,301)	(8,027)
   Remeasurements of defined benefit plans	(448)	12,251
   Total accumulated other comprehensive income	(105)	16,991
   Share acquisition rights	44	13
   Non-controlling interests	78	85
   Total net assets	145,745	180,415
   Total liabilities and net assets	410,965	445,211

2. Consolidated Statements of Income and Comprehensive Income (Consolidated Statements of Income)

   (Millions of yen)
   Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
   Net sales	452,457	421,635
   Cost of sales	339,096	316,476
   Gross profit	113,361	105,158
   Selling, general and administrative expenses	94,733	86,313
   Operating profit	18,627	18,844
   Non-operating income
   Interest income	1,175	945
   Dividend income	1,438	1,524
   Foreign exchange gains	-	1,494
   Miscellaneous income	1,006	2,444
   Total non-operating income	3,620	6,409
   Non-operating expenses
   Interest expenses	2,289	1,960
   Foreign exchange losses	1,397	-
   Miscellaneous expenses	1,752	2,518
   Total non-operating expenses	5,439	4,478
   Ordinary profit	16,808	20,774
   Extraordinary income
   Gain on sale of investment securities	1,448	4,343
   Gain on sale of businesses	-	5,122
   Total extraordinary income	1,448	9,465
   Extraordinary losses
   Loss on disposal of non-current assets	690	2,387
   Impairment losses	1,834	-
   Extra retirement payments	528	987
   Total extraordinary losses	3,052	3,374
   Profit before income taxes	15,205	26,866
   Income taxes - current	3,417	4,928
   Income taxes - deferred	(705)	416
   Total income taxes	2,711	5,345
   Profit	12,493	21,520
   Profit attributable to non-controlling interests	13	9
   Profit attributable to owners of parent	12,479	21,510

   (Consolidated Statements of Comprehensive Income)

   (Millions of yen)
   Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
   Profit	12,493	21,520
   Other comprehensive income
   Valuation difference on available-for-sale securities	(1,298)	4,856
   Deferred gains or losses on hedges	(115)	263
   Foreign currency translation adjustment	(276)	(717)
   Remeasurements of defined benefit plans, net of tax	(3,763)	12,700
   Share of other comprehensive income of entities accounted for using equity method	(1)	3
   Total other comprehensive income	(5,455)	17,105
   Comprehensive income	7,037	38,626
   Comprehensive income attributable to
   Comprehensive income attributable to owners of parent	7,020	38,608
   Comprehensive income attributable to non-controlling interests	17	18

3. Consolidated Statements of Changes in Equity

   Fiscal year ended March 31, 2025 (From April 1, 2024 to March 31, 2025)

   (Millions of yen)

   	Shareholders' equity
   	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
   Balance at beginning of period	44,000	18,960	73,622	(761)	135,820
   Changes during period
   Dividends of surplus			(2,600)		(2,600)
   Profit (loss) attributable to owners of parent			12,479		12,479
   Purchase of treasury shares				(1)	(1)
   Disposal of treasury shares		(20)		50	29
   Net changes in items other than shareholders' equity
   Total changes during period	-	(20)	9,879	48	9,907
   Balance at end of period	44,000	18,940	83,501	(713)	145,728

   	Accumulated other comprehensive income					Share acquisition rights	Non-controlling interests	Total net assets
   	Valuation difference on available-for-sale securities	Deferred gains or losses on hedges	Foreign currency translation adjustment	Remeasuremen ts of defined benefit plans	Total accumulated other comprehensi ve income
   Balance at beginning of period	9,069	(10)	(7,020)	3,315	5,353	73	65	141,314
   Changes during period
   Dividends of surplus								(2,600)
   Profit (loss) attributable to owners of parent								12,479
   Purchase of treasury shares								(1)
   Disposal of treasury shares								29
   Net changes in items other than shareholders' equity	(1,299)	(115)	(280)	(3,763)	(5,459)	(29)	12	(5,476)
   Total changes during period	(1,299)	(115)	(280)	(3,763)	(5,459)	(29)	12	4,431
   Balance at end of period	7,769	(126)	(7,301)	(448)	(105)	44	78	145,745

   Fiscal year ended March 31, 2026 (From April 1, 2025 to March 31, 2026)

   (Millions of yen)

   	Shareholders' equity
   	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
   Balance at beginning of period	44,000	18,940	83,501	(713)	145,728
   Changes during period
   Dividends of surplus			(3,901)		(3,901)
   Profit (loss) attributable to owners of parent			21,510		21,510
   Purchase of treasury shares				(2)	(2)
   Disposal of treasury shares		(20)		51	31
   Change in scope of consolidation			(41)		(41)
   Net changes in items other than shareholders' equity
   Total changes during period	-	(20)	17,567	49	17,596
   Balance at end of period	44,000	18,919	101,069	(663)	163,325

   	Accumulated other comprehensive income					Share acquisition rights	Non-controlling interests	Total net assets
   	Valuation difference on available-for-sale securities	Deferred gains or losses on hedges	Foreign currency translation adjustment	Remeasuremen ts of defined benefit plans	Total accumulated other comprehensi ve income
   Balance at beginning of period	7,769	(126)	(7,301)	(448)	(105)	44	78	145,745
   Changes during period
   Dividends of surplus								(3,901)
   Profit (loss) attributable to owners of parent								21,510
   Purchase of treasury shares								(2)
   Disposal of treasury shares								31
   Change in scope of consolidation								(41)
   Net changes in items other than shareholders' equity	4,859	263	(726)	12,700	17,097	(31)	6	17,072
   Total changes during period	4,859	263	(726)	12,700	17,097	(31)	6	34,669
   Balance at end of period	12,629	137	(8,027)	12,251	16,991	13	85	180,415

4. Consolidated Statements of Cash Flows

(Millions of yen)

Fiscal year ended March 31, 2025

Fiscal year ended March 31, 2026

Cash flows from operating activities

Profit before income taxes 15,205 26,866

Depreciation 14,978 15,581

Increase (decrease) in provisions 3,207 (703)

Interest and dividend income (2,614) (2,470)

Interest expenses 2,289 1,960

Loss (gain) on sale of investment securities (1,406) (4,326)

Loss (gain) on disposal of non-current assets 659 1,914

Loss (gain) on sale of businesses － (4,824)

Decrease (increase) in inventories 5,814 4,152

Decrease (increase) in trade receivables 1,648 (20,921)

Other, net 5,796 3,395

Increase (decrease) in trade payables (2,822) 703

Interest and dividends received 1,585 1,719

Subtotal 42,755 21,326

Income taxes paid (2,827) (2,990)

Interest paid (2,252) (2,005)

Net cash provided by (used in) operating activities 39,261 20,649

Redemption of retirement benefits trust － 2,600

Purchase of property, plant and equipment (10,503) (8,294)

Cash flows from investing activities

Purchase of intangible assets (6,339) (6,254)

Proceeds from sale of property, plant and equipment 659 1,737

Proceeds from collection of short-term loans

receivable

-

1,373

Proceeds from sale of investment securities 5,064 9,145

Proceeds from sale of businesses － 1,322

Payment for transfer of business － (2,480)

Other payments (758) (1,278)

Purchase of long-term prepaid expenses (7,881) (6,259)

Net cash provided by (used in) investing activities (19,634) (10,279)

Other proceeds 124 708

Net increase (decrease) in short-term borrowings (13,392) (4,841)

Cash flows from financing activities

Repayments of long-term borrowings (23,276) (18,244)

Proceeds from long-term borrowings 25,000 18,000

Repayments of lease liabilities (3,650) (2,938)

Dividends paid (2,586) (3,886)

Net cash provided by (used in) financing activities (17,861) (11,872)

Other, net 44 37

Net increase (decrease) in cash and cash equivalents 1,814 (450)

Effect of exchange rate change on cash and cash equivalents

49 1,052

Cash and cash equivalents at beginning of period 34,422 36,237

Cash and cash equivalents at end of period 36,237 35,786