Topy Industries, LimitedTSE: 7231

Announcement Concerning Differences between the Consolidated Basis Results Forecast and Actual Results for the First Half of FY2025

· Issued by Topy Industries, Limited


November 5, 2025 Company Name: TOPY INDUSTRIES, LIMITED

Representative: Hiromi Ishii, President and CEO (Code: 7231 Tokyo Stock Exchange Prime Market, Nagoya Stock Exchange Premier Market)

Contact: Tomoki Oyaizu, Operating Officer and General Manager, General Affairs Department

(TEL: +81-3-3493-0141)

Announcement Concerning Differences between the Consolidated Basis Results Forecast and Actual Results for the Second Quarter (the First Half) of the Fiscal Year Ending March 31, 2026

TOPY INDUSTRIES, LIMITED (the "Company") announces that, due to differences between the consolidated earnings forecast announced on May 9, 2025 for the second quarter (the first half) of the fiscal year ending March 31, 2026 (April 1, 2025 to September 30, 2025) and actual results announced today, the Company is releasing information as follows.

  1. Differences between the Consolidated Earnings Forecast and Actual Results for the Second Quarter (the First Half) of the Fiscal Year Ending March 31, 2026 (April 1, 2025 to September 30, 2025)

    Net sales

    Operating profit

    Ordinary profit

    Profit

    attributable to owners of parent

    Interim profit per share

    Previous forecast (A) (announced May 9, 2025)

    million yen

    million yen

    million yen

    million yen

    yen

    147,000

    1,700

    1,600

    900

    40.81

    Actual results (B)

    142,998

    3,256

    3,390

    2,483

    113.08

    Difference (B-A)

    (4,001)

    1,556

    1,790

    1,583

    Change (%)

    (2.7)

    91.6

    111.9

    176.0

    For reference: Results for the same period of the

    previous fiscal year

    (the First half of fiscal year ended March 31, 2025)

    148,532

    602

    870

    748

    32.80

  2. Reasons for the Difference

In consolidated earnings for the second quarter (the first half) of the fiscal year ending March 31 2026, despite sluggish demand for steel products in the Steel Segment, the Company's interim operating profit, ordinary profit, and profit attributable to owners of parent exceeded the previous forecast due to progress in the formation of sustainable selling prices as well as structural innovation in the Automotive & Industrial Machinery Components Segment.

The consolidated earnings forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31,

2026) have not been changed from those announced on May 9, 2025.

Note: This document has been translated from the original Japanese version for reference purposes only. In the event of any discrepancy between this translated document and the original Japanese version, the original shall prevail. The original

disclosure in Japanese was released on November 5, 2025, at 13:30 (GMT+9).

The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damage arising from the translation.

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