Consolidated 1st quarter Financial Results for the Fiscal Year Ended December 31, 2025

Consolidated Financial Results

for the First Quarter Ended March 31, 2025 [Japanese GAAP]

May 14, 2025

Company name: SIIX Corp. Listing: Tokyo Stock Exchange Securities code: 7613

URL: https://www.siix.co.jp

Representative: Kazuya Hiraoka President

Inquiries: Akihisa Kamata

CFO, Senior Director, Executive Officer and General Manager, Finance and Accounting Department

Telephone: +81-6-6266-6415

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: None Holding of financial results briefing: None

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

1. Consolidated Financial Results for the First Quarter Ended March 31, 2025 (January 1, 2025 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
      First Quarter ended March 31, 2025 March 31, 2024	Millions of yen 72,581 73,487	% (1.2) 2.5	Millions of yen 2,842 1,671	% 70.1 (37.7)	Millions of yen 2,679 1,837	% 45.9 (32.2)	Millions of yen 1,865 986	% 89.1 (49.1)

      (Note) Comprehensive income:	First Quarter ended March 31, 2025:	¥	(3,838) million [	-%]
      	First Quarter ended March 31, 2024:	¥	5,757 million [	76.6%]

      	Basic earnings per share	Diluted earnings per share
      First Quarter ended	Yen	Yen
      March 31, 2025	39.61	39.58
      March 31, 2024	20.96	20.94

   2. Consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio
   As of March 31, 2025 December 31, 2024	Millions of yen 208,998 217,484	Millions of yen 96,064 101,033	% 45.7 46.2

   (Reference) Equity: As of March 31, 2025:	¥	95,514 million
   As of December 31, 2024:	¥	100,436 million

2. Dividends

   	Annual dividends
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended December 31, 2024 Fiscal year ending December 31, 2025	Yen - -	Yen 24.00	Yen -	Yen 24.00	Yen 48.00
   Fiscal year ending December 31, 2025 (Forecast)		24.00	-	24.00	48.00

   (Note) Revision to the forecast for dividends announced most recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2025(January 1, 2025 to December 31, 2025)

(Percentages indicate year-on-year changes.)

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

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: None

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

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): March 31, 2025: 50,400,000 shares

      December 31, 2024: 50,400,000 shares

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

      March 31, 2025: 3,295,889 shares

      December 31, 2024: 3,311,857 shares

   3. Average number of shares outstanding during the period:

First Quarter ended March 31, 2025: 47,092,135 shares

First Quarter ended March 31, 2024: 47,074,275 shares

• 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

The forward-looking statements, including earnings forecasts, contained in this material are based on information currently available to the Company and on certain assumptions deemed to be reasonable, and actual business and other results may differ substantially due to various factors. Please refer to "(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information" in "1. Qualitative Information on Quarterly Financial Results" on page 3 of the attachment for the suppositions that form the assumptions for earnings forecasts and cautions concerning the use thereof.

Table of Contents - Attachments

1. Qualitative Information on Quarterly Financial Results 2

   1. Overview of Quarterly Operating Results 2

   2. Overview of Financial Position 3

   3. Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information 3

2. Matters Concerning Summary Information (Notes) 3

   1. Significant Changes in Scope of Consolidation During the Period 3

3. Quarterly Consolidated Financial Statements and Principal Notes 4

   1. Quarterly Consolidated Balance Sheet 4

   2. Quarterly Consolidated Statements of Income and Comprehensive Income 6

   3. Notes to Quarterly Consolidated Financial Statements 8

(Notes on going concern assumption) 8

(Notes in case of significant changes in shareholders' equity) 8

(Segment information, etc.) 9

(Notes on Quarterly Consolidated Statements of Cash Flows) 10

1. Qualitative Information on Quarterly Financial Results

   1. Overview of Quarterly Operating Results

      Looking back on the economic environment during the period under review (the first quarter ended March 31, 2025), in the United States, although the manufacturing industries are trending upward, the growing economic uncertainty caused by the Trump administration's tariff policies is causing personal consumption to slow down. In Europe, despite a strong increase in personal consumption, the outlook is uncertain mainly due to the impact of the U.S. tariff policies. In Asia, although personal consumption increased in China, the decline in imports and exports and the real estate slump are putting downward pressure on the economy. In other Asian countries, exports are decreasing due to the impact of U.S. policies on China, and the outlook regarding U.S. tariff policies has become unpredictable. In Japan, exports are on the rise due to the temporary boost in demand prior to the U.S. tariff increase. The electronics market to which the Group relates has weakened slightly due to the slowdown in the Chinese and European economies and a slowdown in demand caused mainly by customer's inventory adjustments. However, we recognize that this is a market where the needs for electrification of automobiles and industrial equipment will further expand as measures against climate change and decarbonization over the medium to long term, as technological innovations such as CASE and IoT, progress. In this environment, the Group aims to expand transactions with major global companies, both Japanese and non-Japanese.

      Consolidated net sales for the period under review decreased by 905 million yen (1.2%) year on year to 72,581 million yen. On the profit front, the Company posted an operating profit of 2,842 million yen, an increase of 1,171 million yen (70.1%) year on year. Ordinary profit was 2,679 million yen, an increase of 842 million yen (45.9%) year on year. Profit attributable to owners of parent was 1,865 million yen, an increase of 878 million yen (89.1%) year on year.

      The analysis of performance for the period under review is described in the performances and contributing factors of each business segment.

      Performances and contributing factors of each business segment are as follows. "Segment profit (loss)" is based on operating profit in the consolidated statement of income. In addition, "net sales" includes inter-segment internal net sales or transfers.

      (Japan)

      Net sales in this segment were 22,259 million yen, a decrease of 1,211 million yen (5.2%) year on year, mainly due to a decrease in shipment of components for industrial equipment and automotive-related equipment.

      Segment profit was 106 million yen, a decrease of 166 million yen (60.9%) year on year, mainly due to a decrease in net sales.

      (Greater China)

      Net sales in this segment were 18,534 million yen, a decrease of 2,944 million yen (13.7%) year on year, mainly due to a decrease in shipment of components for automotive-related equipment.

      Segment profit was 290 million yen (a segment loss of 180 million yen in the same period of the previous fiscal year), mainly due to reductions in manufacturing costs.

      (ASEAN)

      Net sales in this segment were 28,287 million yen, an increase of 1,164 million yen (4.3%) year on year, mainly due to an increase in shipment of components for information devices and automotive-related equipment.

      Segment profit was 1,201 million yen, an increase of 538 million yen (81.3%) year on year, mainly due to an increase in net sales.

      (Europe)

      Net sales in this segment were 6,453 million yen, a decrease of 802 million yen (11.1%) year on year, mainly due to a decrease in shipment of components for automotive-related equipment and industrial equipment.

      This segment recorded a segment loss of 195 million yen (a segment loss of 152 million yen in the same period of the previous fiscal year), mainly due to a decrease in net sales.

      (Americas)

      Net sales in this segment were 18,485 million yen, a decrease of 299 million yen (1.6%) year on year, due to a decrease in shipment of components for automotive-related equipment.

      Segment profit was 1,319 million yen, an increase of 175 million yen (15.4%) year on year, mainly due to reductions in manufacturing costs and a decrease in transportation costs.

   2. Overview of Financial Position (Assets)

      Total assets decreased by 8,485 million yen (3.9%) from the end of the previous fiscal year to 208,998 million yen. Current assets were 151,582 million yen, a decrease of 4,629 million yen (3.0%) from the end of the previous fiscal year. This was mainly due to an increase of 4,060 million yen (17.8%) in cash and deposits and decreases of 3,945 million yen (6.2%) in inventories and 4,120 million yen (6.7%) in notes and accounts receivable - trade, and

      contract assets.

      Non-current assets were 57,416 million yen, a decrease of 3,856 million yen (6.3%) from the end of the previous fiscal year.

      (Liabilities)

      Total liabilities decreased by 3,517 million yen (3.0%) from the end of the previous fiscal year to 112,934 million yen.

      Current liabilities were 74,233 million yen, a decrease of 4,236 million yen (5.4%) from the end of the previous fiscal year. This was mainly due to decreases of 2,025 million yen (12.4%) in short-term borrowings and 1,234 million yen (3.0%) in accounts payable - trade.

      Non-current liabilities were 38,700 million yen, an increase of 719 million yen (1.9%) from the end of the previous fiscal year. This was mainly due to an increase of 854 million yen (5.2%) in long-term borrowings.

      (Net assets)

      Net assets were 96,064 million yen, a decrease of 4,968 million yen (4.9%) from the end of the previous fiscal year. This was mainly due to a decrease of 5,616 million yen (18.4%) in foreign currency translation adjustment associated with exchange rate fluctuations and an increase of 735 million yen (1.1%) in retained earnings.

      As a result, the capital-to-asset ratio decreased from 46.2% to 45.7%.

   3. Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information

   There is no change to the consolidated financial results forecast for the fiscal year ending December 31, 2025 announced on February 14, 2025.

2. Matters Concerning Summary Information (Notes)

(1) Significant Changes in Scope of Consolidation During the Period

Not applicable.