FY2025 Third Quarter Consolidated Financial Statements

February 04, 2026

Company Name: Yamaichi Electronics Co., Ltd. Stock listing: Tokyo Stock Exchange - Prime Market Code: 6941 URL: https://www.yamaichi.co.jp/en/ President: Junichi Kameya

Managing Director : Kazuhiro Matsuda Tel: +81-3-3734-0115

Scheduled date of dividend payment commencement: -

Supplementary materials for the financial statements: Yes

Presentation to explain for the financial statement: Yes (for institutional Investors and analysts)

1. Consolidated Financial Results for the Third Quarter (April 01 to December 31, 2025) of the Fiscal Year Ending March 31, 2026

   1. Consolidated Operating Results (aggregated)

      (Percentage figures represent changes from the same period of the previous year.)

      	Net Sales	Operating income	Ordinary income	Profit Attributable to owners of parent
      Third Quarter ended December 31, 2025	Millions of yen % 39,595 9.6	Millions of yen % 9,312 29.1	Millions of yen % 9,623 38.4	Millions of yen % 6,977 55.6
      December 31, 2024	36,136 33.8	7,215 274.4	6,952 262.9	4,484 223.1

      Note: Comprehensive income Third quarter ended December 31, 2025 ¥8,125 million (64.2%)

      Third quarter ended December 31, 2024 ¥4,948 million (104.9%)

      	Net profit per share	Diluted net profit	per	share
      Third Quarter ended December 31, 2025 December 31, 2024	Yen 378.61 221.01	- -	Yen

   2. Consolidated Financial Positions

   	Total assets	Net assets	Equity ratio	Net assets per share
   	Millions of yen	Millions of yen	%	Yen
   As of December 31, 2025	58,306	44,203	75.5	2,393.89
   As of March 31, 2025	53,389	39,676	74.0	2,037.62

   Reference: Shareholders' equity as of December 31, 2025: ¥44,041 million; as of March 31, 2025: ¥39,533 million.

2. Dividends

   	Dividends per share
   	1Q	2Q	3Q	4Q	Total
   Year ended March 31, 2025 Year ending March 31, 2026	Yen - -	Yen 35.00 35.00	Yen -	Yen 54.00	Yen 89.00
   			-
   Forecast: Year ending March 31, 2026				97.00	132.00

   Note: Modifications in the dividend projection from the latest announcement: Yes

   Dividend forecast revisions: Please refer to the "Notice Regarding Revision of Full-Year Earnings Forecast and Dividend Forecast" released today (February 4, 2026).

3. Forecast of Consolidated Operating Results for the year ending March 31, 2026

   (Percentage figures represent changes from the same period of previous year.)

   	Net Sales	Operating income	Ordinary income	Profit attributable to owners of parent	Net profit per share
   Year ending March 31, 2026	Millions of yen % 52,000 14.8	Millions of yen % 11,000 33.7	Millions of yen % 11,150 45.0	Millions of yen % 8,050 53.6	Yen 437.01

   Note: Modifications in forecasts of consolidated operating results from the latest announcement: Yes

   We made acquisition and retirement of treasury shares based on resolutions by the Board of Directors. Net profit per share in the Forecast of Consolidated Operating Results considers the impact of this purchase and disposal of treasury shares.

   For details on the revision to the consolidated earnings forecast, please refer to the "Notice Regarding Revisions to the Full-year Earnings Forecast and Dividend Forecast" announced today (February 4, 2026).

4. Other

   1. Changes in accounting policies due to revisions to accounting standards, etc.: No

   2. Adoption of special accounting treatments for quarterly consolidated financial statements: No

   3. Changes in accounting policies, changes in accounting estimates and restatements

      1. Changes in accounting policies due to revisions of accounting standards etc.: No

      2. Changes in accounting policies other than 1): No

      3. Changes in accounting estimates: No

      4. Restatements: No

   4. Number of outstanding shares (common stock)

      1. Number of outstanding shares (including treasury shares) at term end: December 31, 2025 21,829,775 shares

         March 31, 2025 21,829,775 shares

      2. Number of treasury shares at term end:

         December 31, 2025 3,432,397 shares

         March 31, 2025 2,427,931 shares

      3. Average number of outstanding shares (during the nine-month period ended Dec 31): December 31, 2025 18,428,170 shares

December 31, 2024 20,291,783 shares

＊ This summary of quarterly consolidated financial results falls outside the scope of quarterly review procedures to be performed by certified public accountants or an audit firm.

＊ Explanation of the appropriate use of performance forecasts and other related items

All forecasts in this presentation are based on information currently available to the management and on assumptions judged to be reasonable. The Company's actual results may differ substantially from such statements due to various risks and uncertainties.

＊ Note regarding a significant change in the amount of shareholders' equity

Based on a resolution of the Board of Directors meeting held on March 21, 2025, the Company acquired 1,004,400 shares of treasury stock and related transactions, resulting in an increase in treasury stock of 1,907,158 thousand yen during the third quarter of the current consolidated cumulative period.

As a result, treasury stock amounted to 6,500,188 thousand yen as of the end of the third quarter of the current consolidated fiscal year.

＊ Notes to the quarterly consolidated cash flow statement We have not prepared a quarterly consolidated cash flow statement for the third quarter of the current consolidated cumulative period. However, depreciation expenses (including amortization expenses for intangible fixed assets other than goodwill) for the third quarter of the current consolidated cumulative period are as follows:

(Thousands of yen)

1. Explanation for Business Performance

   During the third quarter of the consolidated cumulative period, the global economy remained resilient in the United States, supported mainly by consumer spending. In Europe, however, sluggish demand, particularly in the manufacturing sector, continued. In China, the recovery in consumer spending lacked strength, and the economy showed a weak trend. In addition, changes in U.S. trade policy, political tensions between Japan and China, the prolonged situation in Ukraine, and rising geopolitical risks due to escalating tensions in the Middle East continued to create an uncertain outlook.

   In the electronic components market relevant to our group, demand for semiconductors and data centers remained favorable, driven by strong investment related to AI. In the industrial machinery market, recovery progressed as inventory adjustments in the market advanced. However, in the automotive market, demand remained sluggish, and uncertainty increased due to tariff-related issues.

   Under these circumstances, our group formulated the Fourth Medium-Term Management Plan of the Yamaichi Electronics Group, a three-year plan with FY2023 as the first year (from the fiscal year that ended March 2024 to the fiscal year ending March 2026). Through this plan, we aim to grow into a company that provides high-quality products and services and achieves a high level of customer satisfaction, while working closely with customers through global collaboration to create products that contribute to future value creation. As part of our management strategy, we are further deepening our growth strategy and structural reforms to grow into a company that can meet customer needs, while further strengthening our financial position and reinforcing our management foundation for future growth. Based on this Medium-Term Management Plan, in anticipation of increasing global semiconductor demand, our group has been strengthening its stable supply system for semiconductor sockets. At the same time, we have been making investments to expand production capacity and continuing initiatives to reduce costs through further productivity improvements and quality enhancements, enabling us to respond promptly and efficiently to increasingly diverse customer needs, including connectors for communication equipment, automotive devices, and industrial machinery.

   As a result, the third quarter of the consolidated cumulative period recorded net sales of 39,595 million yen (an increase of 9.6% year-on-year), operating profit of 9,312 million yen (an increase of 29.1% year-on-year), ordinary profit of 9,623 million yen (an increase of 38.4% year-on-year), and profit attributable to owners of parent of 6,977 million yen (an increase of 55.6% year-on-year).

   Our business performance on a segment-by-segment basis is shown below.

   [Test Solutions Business]

   In the test socket field, sales of our mainstay products for smartphones, PCs, and automotive applications remained strong. In the burn-in socket field, sales and profits were affected by deferred investment, particularly in products for automotive logic semiconductors. However, in products for memory semiconductors, investment resumed in the second half of the fiscal year, resulting in a recovery trend. In addition, the overall business was affected on the profit side by higher prices of raw materials such as gold and copper, as well as by the appreciation of the yen compared with the same period of the previous year.

   As a result, our business performance resulted in net sales of 20,389 million yen (a decrease of 3.1% year-on-year), and operating profit was 5,996 million yen (a decrease of 10.4% year-on-year).

   [Connector Solutions Business]

   Products for communications equipment performed strongly, supported by the favorable performance of core network communications equipment and increased sales of new data center products, including AI-related products. Products for industrial machinery showed a recovery trend as signs of bottoming out in inventory adjustments began to appear among our main market customers in Europe. Products for automotive equipment, however, were sluggish due to weak global demand and the slowdown in EVs.

   Nevertheless, both net sales and operating profit reached record highs for the third-quarter cumulative period.

   As a result, our business performance resulted in net sales of 18,058 million yen (an increase of 27.0% year-on-year) and operating profit of 3,113 million yen (an increase of 426.2% year-on-year).

   [Optics-related Business]

   With overall orders showing signs of recovery, products for the communications market performed steadily, and we worked to improve productivity and quality.

   As a result, our business performance resulted in net sales of 1,147 million yen (an increase of 32.1% year-on-year) and operating profit of 164 million yen (compared with an operating loss of 42 million yen in the same period of the previous year).

2. Explanation of Financial Conditions (Assets)

   At the end of the third quarter of the current consolidated fiscal period, our current assets amounted to 36,004 million yen, increasing 3,892 million yen from the end of the previous fiscal year. This was mainly due to increases of 3,787 million yen in cash and deposits and 1,822 million yen in notes and accounts receivable, despite a decrease of 1,940 million yen in deposits included in other current assets as a result of the purchase of treasury shares. Non-current assets totaled 22,302 million yen, an increase of 1,024 million yen from the end of the previous fiscal year. This was mainly due to an increase of 367 million yen in right-of-use assets associated with lease contracts, including the lease of the head office building of our consolidated subsidiary Yamaichi Electronics USA, Inc., as well as an increase of 347 million yen in intangible assets related to costs for the development of our next core system.

   As a result, total assets amounted to 58,306 million yen, an increase of 4,917 million yen from the end of the previous fiscal year.

   (Liabilities)

   At the end of the third quarter of the current consolidated fiscal period, our current liabilities amounted to 10,721 million yen, increasing 278 million yen from the end of the previous fiscal year. This was mainly due to increases of 295 million yen in notes and accounts payable and 156 million yen in provision for directors' bonuses, as well as an increase in other current liabilities, primarily unpaid social insurance

   premiums, due to the payment of winter bonuses, despite a decrease of 685 million yen in income taxes payable resulting from the payment of income taxes.

   Non-current liabilities totaled 3,381 million yen, an increase of 111 million yen from the end of the previous fiscal year.

   As a result, total liabilities amounted to 14,103 million yen, an increase of 389 million yen from the end of the previous fiscal year.

   (Net assets)

   At the end of the third quarter of the current consolidated fiscal period, total net assets were 44,203 million yen, increasing 4,527 million yen from the end of the previous fiscal year. This was mainly due to profit attributable to owners of parent of 6,977 million yen and an increase of 1,120 million yen in foreign currency translation adjustments resulting from the depreciation of the yen, despite dividends of surplus of 1,691 million yen and the purchase of treasury shares of 1,907 million yen.

   As a result, the equity ratio amounted to 75.5% (74.0% at the end of the previous fiscal year).

3. Explanations of Future Information, Including the Forecast of Consolidated Financial Results

With regard to the consolidated earnings forecast for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026), which was previously announced on November 5, 2025, we have revised the forecast as outlined in the "Notice Regarding Revisions to the Full-year Earnings Forecast and Dividend Forecast" released today.