Consolidated Financial Results for the Nine Months Ended February 28, 2025

April 11, 2025

Company name: Toyo Denki Seizo K.K. Listing: Tokyo Stock Exchange

Securities code: 6505

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

Representative: Akira Watanabe, President, Representative Director

Inquiries: Akihiro Otsuka, Operating Officer, General Manager, Corporate Planning Division Telephone: +81-3-5202-8122

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes

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

1. Consolidated financial results for the nine months ended February 28, 2025 (from June 1, 2024 to February 28, 2025)
   1. Consolidated operating results (cumulative)

      (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      Nine months ended February 28, 2025	29,032	30.6	1,287	708.1	1,699	158.1	1,262	182.7
      February 29, 2024	22,231	7.2	159	78.6	658	34.7	446	3.2

      Notes: Comprehensive income For the nine months ended February 28, 2025	¥597 million	[(70.8)%]
      For the nine months ended February 29, 2024	¥2,047 million	[125.4%]

      	Basic earnings per share	Diluted earnings per share
      	Yen	Yen
      Nine months ended February 28, 2025	136.62	-
      February 29, 2024	47.42	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   	Millions of yen	Millions of yen	%
   As of February 28, 2025	53,819	26,178	48.6
   May 31, 2024	51,652	26,070	50.5

   Reference: Equity As of February 28, 2025 ¥26,178 million

   As of May 31, 2024 ¥26,070 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 May 31, 2024	-	0.00	-	30.00	30.00
   Fiscal year ending May 31, 2025	-	0.00	-
   Fiscal year ending May 31, 2025 (forecast)				44.00	44.00

   Note: Revisions to the forecast of cash dividends most recently announced: Yes

3. Consolidated financial results forecast for the fiscal year ending May 31, 2025 (from June 1, 2024 to May 31, 2025)

   (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Basic earnings per share
   Fiscal year ending May 31, 2025	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   	38,000	18.2	1,500	61.7	1,800	21.0	1,300	39.0	140.65

   Note: Revisions to the financial results forecast most recently announced: Yes

   * Notes

   1. Significant changes in scope of consolidation during the period: None Newly included: - companies (Company name)

      Excluded: - companies (Company name)

   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 restatement

      1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

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

      3. Changes in accounting estimates: None

      4. Restatement: None

         Note: For details, please refer to "Notes on Changes in Accounting Policies" on page 8 of the quarterly financial results report (attachment).

   4. Number of issued shares (common shares)

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

         As of February 28, 2025	9,735,000 shares
         As of May 31, 2024	9,735,000 shares

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

         As of February 28, 2025	592,126 shares
         As of May 31, 2024	406,671 shares

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

Note: Due to the introduction of the Employee Shareholding Incentive Plan (E-Ship), the number of treasury shares at the end of the period includes the Company's shares held by the Toyo Denki Employee Shareholding Association Exclusive Trust Account (as of February 28, 2025: 177,800 shares). The Company's shares held by the said trust are included in treasury shares that are deducted when calculating the average number of shares outstanding during the period (the nine months ended February 28, 2025: 290 shares).

• Proper use of earnings forecasts, and other special matters

  The above forecasts are based on information available as of the date of publication of this document, and actual results may differ from the forecasts due to various factors in the future.

• This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results of Toyo Denki Seizo K.K. (6505) for the Nine Months Ended February 28, 2025 (Under Japanese

GAAP)

2. Quarterly Consolidated Financial Statements and Significant Notes Thereto

(1) Quarterly Consolidated Balance Sheets

(Millions of yen)

Consolidated Financial Results of Toyo Denki Seizo K.K. (6505) for the Nine Months Ended February 28, 2025 (Under Japanese

GAAP)

(Millions of yen)