Oki Electric Industry : Q3 (Apr. 2025 - Dec. 2025)

(Translation)

February 5, 2026

(Amounts less than one million yen have been truncated)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2025 (from April 1, 2025 to December 31, 2025)

   1. Consolidated operating results (cumulative)

      (Percentage figures indicate year-on-year change)

      	Net sales		Operating income		Ordinary income		Profit attributable to owners of parent
      Nine months ended December 31, 2025	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      	282,225	(8.1)	6,061	(20.6)	6,463	14.9	7,376	273.3
      December 31, 2024	307,000	7.1	7,631	30.6	5,624	17.5	1,975	(1.2)

      (Note) Comprehensive income Nine months ended December 31, 2025: ¥11,079 million (-%)

      Nine months ended December 31, 2024: ¥(180) million (-%)

      	Basic earnings per share	Diluted earnings per share
      Nine months ended December 31, 2025	Yen	Yen
      	85.04	85.01
      December 31, 2024	22.79	22.77

   2. Consolidated financial position

      	Total assets	Net assets	Shareholders' equity ratio
      	Millions of yen	Millions of yen	%
      As of December 31, 2025	418,899	152,869	36.5
      As of March 31, 2025	410,965	145,745	35.4

      (Reference) Shareholders' equity As of December 31, 2025: ¥152,768 million

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

2. Dividends

   	Dividend per share
   	First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   Fiscal year ended March 31, 2025	Yen	Yen	Yen	Yen	Yen
   	-	0.00	-	45.00	45.00
   Fiscal year ending March 31, 2026	-	0.00	-
   Fiscal year ending March 31, 2026 (Projection)				50.00	50.00

   (Note) Revisions to dividend projection most recently announced: None

3. Consolidated Results Projection for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

   (Percentage figures indicate year-on-year change)

   	Net sales		Operating income		Ordinary income		Profit attributable to owners of parent		Basic earnings per share
   Full year	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   	430,000	(5.0)	20,000	7.4	20,000	19.0	19,000	52.2	219.05

   (Note) Revisions to operating results projection most recently announced: Yes

   Notes:

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

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

   2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

   3. 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

   4. Number of shares issued (common stock)

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

         As of December 31, 2025	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 December 31, 2025	471,265 shares
         As of March 31, 2025	507,427 shares

      3. Average number of shares during the period

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters (Warning on forward-looking statements)

The forward-looking statements including the projection 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 February 5, 2026 (Thursday). 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 December 31, 2025
   Assets
   Current assets
   Cash and deposits	36,865	27,116
   Notes and accounts receivable - trade, and contract assets	112,215	100,957
   Finished goods	18,441	27,111
   Work in process	15,122	23,963
   Raw materials and supplies	31,436	28,782
   Other	17,915	20,270
   Allowance for doubtful accounts	(118)	(9)
   Total current assets	231,878	228,191
   Non-current assets
   Property, plant and equipment	60,288	54,634
   Intangible assets	18,153	18,455
   Investments and other assets
   Investment securities	38,380	53,499
   Other	62,264	64,117
   Total investments and other assets	100,645	117,617
   Total non-current assets	179,086	190,708
   Total assets	410,965	418,899
   Liabilities
   Current liabilities
   Notes and accounts payable - trade	61,429	59,046
   Short-term borrowings	41,390	64,931
   Provisions	6,861	5,625
   Other	57,311	48,921
   Total current liabilities	166,992	178,524
   Non-current liabilities
   Long-term borrowings	56,773	45,484
   Provisions	1,074	866
   Retirement benefit liability	27,100	24,548
   Other	13,278	16,606
   Total non-current liabilities	98,226	87,505
   Total liabilities	265,219	266,030
   Net assets
   Shareholders' equity
   Share capital	44,000	44,000
   Capital surplus	18,940	18,919
   Retained earnings	83,501	86,934
   Treasury shares	(713)	(663)
   Total shareholders' equity	145,728	149,191
   Accumulated other comprehensive income
   Valuation difference on available-for-sale securities	7,769	12,483
   Deferred gains or losses on hedges	(126)	48
   Foreign currency translation adjustment	(7,301)	(7,979)
   Remeasurements of defined benefit plans	(448)	(974)
   Total accumulated other comprehensive income	(105)	3,577
   Share acquisition rights	44	13
   Non-controlling interests	78	87
   Total net assets	145,745	152,869
   Total liabilities and net assets	410,965	418,899

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

   		(Millions of yen)
   	Nine months ended December 31, 2024	Nine months ended December 31, 2025
   Net sales	307,000	282,225
   Cost of sales	229,113	212,858
   Gross profit	77,887	69,366
   Selling, general and administrative expenses	70,256	63,305
   Operating profit	7,631	6,061
   Non-operating income
   Interest income	710	861
   Dividend income	1,015	1,035
   Foreign exchange gains	-	1,068
   Miscellaneous income	447	659
   Total non-operating income	2,173	3,624
   Non-operating expenses
   Interest expenses	1,659	1,427
   Miscellaneous expenses	2,521	1,795
   Total non-operating expenses	4,180	3,223
   Ordinary profit	5,624	6,463
   Extraordinary income
   Gain on sale of investment securities	1,040	1,999
   Gain on sale of businesses	-	5,122
   Total extraordinary income	1,040	7,121
   Extraordinary losses
   Loss on disposal of non-current assets	-	607
   Extra retirement payments	528	951
   Total extraordinary losses	528	1,558
   Profit before income taxes	6,136	12,026
   Income taxes - current	1,055	625
   Income taxes - deferred	3,090	4,013
   Total income taxes	4,145	4,638
   Profit	1,991	7,387
   Profit attributable to non-controlling interests	15	11
   Profit attributable to owners of parent	1,975	7,376

   Consolidated Statements of Comprehensive Income

   (Millions of yen)
   Nine months ended December 31, 2024	Nine months ended December 31, 2025
   Profit	1,991	7,387
   Other comprehensive income
   Valuation difference on available-for-sale securities	(1,723)	4,712
   Deferred gains or losses on hedges	65	174
   Foreign currency translation adjustment	1	(669)
   Remeasurements of defined benefit plans, net of tax	(513)	(526)
   Share of other comprehensive income of entities accounted for using equity method	(1)	1
   Total other comprehensive income	(2,171)	3,692
   Comprehensive income	(180)	11,079
   Comprehensive income attributable to
   Comprehensive income attributable to owners of parent	(204)	11,058
   Comprehensive income attributable to non-controlling interests	23	20

3. Consolidated Statements of Cash Flows