Summary of Consolidated Financial Results for the First Quarter of the Year Ended March 31, 2026

August 7, 2025

Company name: TEIKOKU ELECTRIC MFG.CO.,LTD.

Listing: Tokyo Stock Exchange

Securities code: 6333

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

Representative: Kiyoshi Murata, President and CEO

Inquiries: Takashi Abe, Director and Executive Officer, Chief of Administration H.Q. Telephone: +81-791-75-4160

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes (Japanese only)

Holding of financial results briefing: None

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

1. Consolidated financial results for the three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      June 30, 2025	6,232	(10.2)	1,158	(10.2)	1,197	(25.8)	964	17.7
      June 30, 2024	6,940	0.9	1,290	12.1	1,613	15.2	819	(7.5)

      Note: Comprehensive income For the three months ended June 30, 2025:	¥127 million	[(91.2)%]
      For the three months ended June 30, 2024:	¥1,457 million	[15.1%]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	58.06	-
      June 30, 2024	46.56	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	%
   June 30, 2025	40,831	32,486	77.6
   March 31, 2025	42,396	33,504	77.2

   Reference: Equity

   As of June 30, 2025: ¥31,684 million

   As of March 31, 2025: ¥32,738 million

2. Cash dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	41.00	-	69.00	110.00
   Fiscal year ending March 31, 2026	-
   Fiscal year ending March 31, 2026 (Forecast)		55.00		55.00	110.00

   Note: Revisions to the forecast of cash dividends most recently announced: None

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

(Percentages indicate year-on-year changes.)

Note: Revisions to the earnings forecasts most recently announced: None

1. Significant changes in the scope of consolidation during the period: None

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes

3. 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

4. Number of issued shares (common shares)

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

      As of June 30, 2025	16,880,038 shares
      As of March 31, 2025	16,880,038 shares

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

      As of June 30, 2025	270,980 shares
      As of March 31, 2025	270,980 shares

   3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

      Three months ended June 30, 2025	16,609,058 shares
      Three months ended June 30, 2024	17,603,069 shares

      Quarterly consolidated balance sheet

      (Thousands of yen)

      	As of March 31, 2025	As of June 30, 2025
      Assets
      Current assets
      Cash and deposits	13,886,562	12,624,484
      Notes and accounts receivable - trade, and contract assets	9,359,199	8,923,735
      Electronically recorded monetary claims - operating	1,324,581	1,483,142
      Finished goods	2,856,378	2,909,802
      Work in process	2,339,497	2,954,488
      Raw materials and supplies	2,163,258	2,281,655
      Other	483,577	476,271
      Allowance for doubtful accounts	(789,343)	(719,046)
      Total current assets	31,623,710	30,934,534
      Non-current assets
      Property, plant and equipment
      Buildings and structures, net	4,280,578	4,021,962
      Other, net	4,473,803	3,936,977
      Total property, plant and equipment	8,754,381	7,958,940
      Intangible assets
      Other	104,434	99,800
      Total intangible assets	104,434	99,800
      Investments and other assets	1,914,041	1,838,339
      Total non-current assets	10,772,857	9,897,080
      Total assets	42,396,568	40,831,615

      (Thousands of yen)

      	As of March 31, 2025	As of June 30, 2025
      Liabilities
      Current liabilities
      Notes and accounts payable - trade	2,047,529	2,142,560
      Electronically recorded obligations - operating	453,169	473,400
      Income taxes payable	1,108,838	653,332
      Provision for product warranties	59,658	50,403
      Provision for bonuses	504,362	271,080
      Other	3,460,674	3,678,222
      Total current liabilities	7,634,232	7,268,999
      Non-current liabilities
      Retirement benefit liability	364,298	367,948
      Other	893,321	708,064
      Total non-current liabilities	1,257,620	1,076,012
      Total liabilities	8,891,852	8,345,012
      Net assets
      Shareholders' equity
      Share capital	3,143,675	3,143,675
      Capital surplus	2,931,466	2,931,466
      Retained earnings	23,041,643	22,859,939
      Treasury shares	(634,148)	(634,148)
      Total shareholders' equity	28,482,636	28,300,932
      Accumulated other comprehensive income
      Valuation difference on available-for-sale securities	666,846	521,796
      Foreign currency translation adjustment	3,534,294	2,805,253
      Remeasurements of defined benefit plans	55,021	56,020
      Total accumulated other comprehensive income	4,256,163	3,383,071
      Non-controlling interests	765,916	802,599
      Total net assets	33,504,715	32,486,602
      Total liabilities and net assets	42,396,568	40,831,615

      Quarterly consolidated statement of income

      (Thousands of yen)

      Three months ended June 30, 2024	Three months ended June 30, 2025
      Net sales	6,940,401	6,232,872
      Cost of sales	3,799,166	3,360,273
      Gross profit	3,141,235	2,872,598
      Selling, general and administrative expenses	1,850,897	1,714,093
      Operating profit	1,290,337	1,158,504
      Non-operating income
      Interest income	29,793	24,108
      Dividend income	16,219	14,234
      Rental income	7,333	6,717
      Foreign exchange gains	248,148	-
      Other	32,619	23,071
      Total non-operating income	334,113	68,131
      Non-operating expenses
      Interest expenses	7,224	1,701
      Foreign exchange losses	-	25,743
      Other	3,502	1,981
      Total non-operating expenses	10,726	29,425
      Ordinary profit	1,613,724	1,197,209
      Extraordinary income
      Gain on sale of non-current assets	-	101,420
      Gain on sale of investment securities	27,029	312,561
      Total extraordinary income	27,029	413,982
      Extraordinary losses
      Loss on sale of non-current assets	-	6,735
      Loss on liquidation of subsidiaries and associates	213,267	-
      Total extraordinary losses	213,267	6,735
      Profit before income taxes	1,427,486	1,604,456
      Income taxes	589,026	581,913
      Profit	838,459	1,022,542
      Profit attributable to non-controlling interests	18,892	58,221
      Profit attributable to owners of parent	819,567	964,321

      Quarterly consolidated statement of comprehensive income

      (Thousands of yen)

      Three months ended June 30, 2024	Three months ended June 30, 2025
      Profit	838,459	1,022,542
      Other comprehensive income
      Valuation difference on available-for-sale securities	21,983	(145,049)
      Foreign currency translation adjustment	596,733	(750,579)
      Remeasurements of defined benefit plans, net of tax	199	998
      Total other comprehensive income	618,917	(894,630)
      Comprehensive income	1,457,376	127,912
      Comprehensive income attributable to
      Comprehensive income attributable to owners of parent	1,397,072	91,229
      Comprehensive income attributable to non-controlling interests	60,304	36,683

      (Notes on segment information, etc.)

      1. the three months of the previous fiscal year (April 1, 2024 to June 30, 2024)

         As described in "II. the three months of the current fiscal year (Matters Concerning Changes in Reporting Segments, etc.)".

      2. the three months of the current fiscal year (April 1, 2025 to June 30, 2025)

The Group considers the "Pumps Business" to be a single reporting segment, and omits segment information for other businesses due to their lack of quantitative importance. (Matters Concerning Changes in Reporting Segments, etc.)

Previously, the Group divided its segments into three segments: "Pumps" and "Electronic Components," which are reportable segments, and "Others," which are not included in the reporting segments, but from the first quarter of the current fiscal year, it was changed to a single segment of "Pumps."

This change is due to the suspension of the business of HIRAFUKU ELECTRIC MFG. CO., LTD., a subsidiary of the Group's Electronic Components Business, as of

December 31, 2024, and the fact that the quantitative importance of "Other" is insignificant, and we have determined that the integrated disclosure of the reporting segments as a single segment of the "Pump Business" will more appropriately reflect the Group's management conditions.

As a result of this change, segment information for the previous first quarter and the current first quarter has been omitted.