Slides
Page 1
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. August 3, 2026 Nippon Light Metal Holdings Company, Ltd. Financial results for the first quarter of the fiscal year ending March 31, 2027 Full-year financial results forecasts
Page 2
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Announced June 15, 2026: Basic Agreement on the Integration of Aluminum Extrusion Businesses 2 Nippon Light Metal Kobe Steel Scope • All businesses of Nikkeikin Aluminium Core Technology • Divisions related to products manufactured at the Niigata Plant and Kambara Plant (Shizuoka Pref.), and to the extrusion business • Chōfu Plant (Yamaguchi Pref.): Divisions related to aluminum extrusion, billet casting, and fabricated products • Domestic aluminum extrusion sales divisions Integration structure Joint holding company structure envisioned Target integration date April 2027 or later Post-integration ownership ratio Basic policy: Nippon Light Metal to hold a majority stake Nippon Light Metal Kobe Steel Extrusion product markets Wide range of sectors, including transport equipment, social infrastructure, and containers Primarily automotive parts, as well as railway vehicles and distribution sales Strengths • Superior processing technology • Proven order track record across diverse sectors • Advanced alloy development capabilities • Broad supply network leveraged to lead the automotive sector https://www.nikkeikinholdings.co.jp/news/news/common/pdf/p2026061501hd.pdf Entered into a basic agreement with Kobe Steel, Ltd. to integrate both companies’ domestic aluminum extrusion businesses (target: April 2027 or later) and examine specific terms Execution of a definitive agreement expected around the end of November 2026 Basic Terms of the Integration To be determined through good-faith discussions between the two companies, based on the following: Purpose of the Integration • Combine both companies’ strengths to pursue sustainable business growth and enhanced corporate value • Create high value-added products by combining both companies’ strengths • Enhance recycling efficiency by optimizing scrap collection with location in mind • Build an optimal production and logistics network using location swaps
Page 3
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 3 Summary of the first quarter financial results and semi-annual & full-year forecasts for the fiscal year ending March 31, 2027 First quarter financial results: 9.9 billion yen in ordinary profit (up 133% year on year) Revised ordinary profit forecasts: 16.0 billion yen for the interim period (May 15 forecast: 12.0) and 31.0 billion yen for the full year (May 15 forecast: 25.0) Revised dividend forecasts: Interim dividend of 50 yen (May 15 forecast: 40) and annual dividend of 110 yen (May 15 forecast: 100) ● The first-quarter trend is expected to continue through the first half. For the second half, the forecasts incorporate the factors below, assume stable aluminum ingot prices with no gains from price differentials, and account for uncertainties. ● Net sales growth is expected to continue, supported by sustained strength in secondary alloy ingots, semiconductor-related products, and products for heat dissipation applications, as well as a recovery in truck body sales. ● Aluminum ingot prices peaked late in the first quarter but remain high; they are assumed to hold at this level through the second half, with no gains or losses from price differentials. ● The forecasts factor in higher costs from rising raw material prices and the effects of sales price revisions. 1. First quarter financial results ● Sales: Net sales increased, driven by favorable demand for secondary alloy ingots, a recovery in demand for thick aluminum sheets for semiconductor manufacturing equipment, continued strength in chemicals and foil and powder products for heat dissipation applications and in aluminum sheets for LiB applications, as well as rising aluminum ingot prices. ● Profitability: Profit increased significantly, driven by the sales increases noted above in alumina and chemicals, aluminum ingots, and sheet and extrusion products, together with the impact of rising aluminum ingot prices. ● Impact of the situation in the Middle East: Limited, with lower truck body sales; the impact of rising raw material prices was addressed through sales price revisions. 2. Semi-annual & full-year financial results forecasts
Page 4
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Factor Segment (Business Group) Impact Response Raw material and fuel prices All segments (All business groups) Aluminum ingot prices rose in Q1 (positive in the upstream segment from ingot price differentials; negative in the processing segment from rising costs), peaked in June but remain high (impact expected to subside in Q2; no impact expected in the second half). Rising prices of crude oil-related products and other raw materials and supplies, along with higher transportation and other costs. Sales price revisions (See page 5) Production activities Transport Equipment (Fabricated products and others) Other business groups Unstable supply of certain materials derived from crude oil and naphtha, including paint materials, caused reduced production and temporary production stoppages for some products, but operating rates did not fall as much as expected. Production volumes returned to normal levels in July, and catch-up production began in August. Alternative measures prevented procurement delays for certain materials from having an impact. Stable procurement, including alternative materials Catch-up production 4 Impact of aluminum ingot price fluctuations: Positive in the upstream segment and negative in the processing segment in the first half; no impact expected in the second half. Although the Transport Equipment business group (truck bodies — Nippon Fruehauf) experienced temporary production cuts, bringing forward catch-up measures kept operating rates from falling as much as projected in the May forecast. Normal production volumes resumed in Q2, followed by catch-up production. Impact of the situation in the Middle East
Page 5
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Segment Business groups and business divisions Items subject to price revision Start time Revision details Aluminum ingot and chemicals Chemicals business group NLM Chemicals • Aluminum hydroxide, alumina 2024 − Price increase of 10% or more 2025 − Price increase of 20 yen/kg to 30 yen/kg 2026 − Price increase of 10% or more Aluminum sheet and extrusions Sheet & Extrusion business group Nippon Light Metal, sheets • All aluminum sheet products 2024 − Increase in processing fees (roll margin price) 2026 (July) − Cost increases passed through to pricing Sheet & Extrusion business group Nikkeikin Aluminium Core Technology • All aluminum sheet products 2025 − Increase in processing fees (roll margin price) 2026 (August) − Prices are revised on a case-by-case basis Fabricated products and others Transport Equipment business group Nippon Fruehauf • All products including van bodies and trailers 2023・2024 − Price increases at the respective revision rates for products and parts • All products including van bodies and trailers, and all other parts and components April 2026 (parts and components in October) − Products: about 15% increase − Parts and components: 10–20% increase Aluminum foil, powder and paste Aluminum Foil business group Toyo Aluminium • Resin and paper raw materials for household use 2023 − 20% or more • Aluminum foil and fabricated products, all types of powder and paste products 2025 − Increase in labor costs + specific increase for each item 5 Sales price revisions were implemented in the Chemicals business group and the Sheet & Extrusion business group (Nippon Light Metal, sheets and Nikkeikin Aluminium Core Technology), in addition to those in the Transport Equipment business group. Add Add Add Status of sales price revisions
Page 6
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 1. Financial results for the first quarter of the fiscal year ending March 31, 2027 2. Semi-annual & full-year financial results forecasts for the fiscal year ending March 31, 2027 Table of Contents
Page 7
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 7 (Billions of yen) April–June 2025 Results April–June 2026 Results Change Net sales 137.1 166.3 +29.2 （+21.3%） Operating profit 5.2 10.6 +5.4 （+102.8%） Ordinary profit 4.3 9.9 +5.6 （+132.7%） Profit attributable to owners of parent 2.1 6.2 +4.1 （+190.3%） Financial results for the first quarter of the fiscal year ending March 31, 2027 Financial results for the first quarter of the fiscal year – compared with the same period in the previous fiscal year Profit increased significantly, driven by higher sales resulting from favorable demand for secondary alloy ingots and a recovery in demand for thick aluminum sheets for semiconductor manufacturing equipment, as well as gains from aluminum ingot price differentials amid rising aluminum ingot prices.
Page 8
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. April–June 2026 Results 4.3 9.9 ＋8 ＋0.6 ＋1.4 -2.6 -1.8 -5 0 5 10 15 20 ＋5.6 billion yenApril–June 2025 Results 8 Along with higher sales of aluminum sheets (including thick sheets for semiconductor manufacturing equipment) and aluminum foil and powder products for heat dissipation, gains from aluminum ingot price differentials due to higher aluminum ingot prices and the impact of secondary alloy market conditions (both included in the sales volume impact) boosted profit. Financial results for the first quarter of the fiscal year ending March 31, 2027 Factors behind changes in ordinary profit – compared with the same period in the previous fiscal year Sales price Sales volume Purchased products New products Other
Page 9
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 9 Fiscal 2025 Year-end Results Fiscal 2026 Q1 Results Change Cash and deposits 33.1 38.5 ＋5.4 Notes and accounts receivable – trade, and contract assets 153.8 144.7 -9.1 Inventories 110.2 123.3 +13.1 Other current assets 15.7 17.2 +1.5 Property, plant and equipment 179.8 179.9 +0.1 Other non-current assets 63.7 64.2 +0.5 Total assets 556.3 567.8 +11.5 Fiscal 2025 Year-end Results Fiscal 2026 Q1 Results Change Notes and accounts payable – trade 59.9 63.2 ＋３.３ Bonds payable and borrowings 166.0 174.4 ＋8.4 Other liabilities 62.5 57.1 -5.4 Total liabilities 288.4 294.7 ＋6.3 Shareholders' equity 224.7 227.5 ＋2.8 Accumulated other comprehensive income 24.0 26.0 ＋2.0 Non-controlling interests 19.2 19.6 ＋0.4 Total net assets 267.9 273.1 ＋5.2 Total liabilities and net assets 556.3 567.8 ＋11.5 Inventories and borrowings increased, primarily due to higher aluminum ingot prices. Financial Position Financial results for the first quarter of the fiscal year ending March 31, 2027 (Billions of yen)
Page 10
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 10 Aluminum ingot and chemicals: Profit increased, reflecting strong performance in secondary alloy ingots, high demand for heat dissipation applications, and the impact of rising aluminum ingot prices. Aluminum sheet and extrusions: Profit increased, driven by a recovery in demand for thick aluminum sheets for semiconductor manufacturing equipment, continued strong performance in sheet products for LiB packages, and the impact of aluminum ingot market conditions. ()( Net sales Operating profit April–June 2025 Results April–June 2026 Results Change April–June 2025 Results April–June 2026 Results Change Aluminum ingot and chemicals 44.8 62.8 +18.0 (+40.3%) 3.3 6.9 +3.6 (+106.8%) Aluminum sheet and extrusions 25.3 32.7 +7.4 (+29.4%) 0.7 2.1 +1.4 (+208.6%) Fabricated products and others 39.2 39.5 +0.3 (+0.7%) -0.1 -0.4 -0.3 (-) Aluminum foil, powder and paste 27.8 31.3 +3.5 (+12.5%) 2.2 2.9 +0.7 (+34.6%) Management, shared - - - -0.9 -0.9 ±0 Total 137.1 166.3 +29.2 (+21.3%) 5.2 10.6 +5.4 (+102.8%) Financial results for the first quarter of the fiscal year ending March 31, 2027 Segment information – compared with the same period in the previous fiscal year Due to the change in segment disclosure methodology (refer to Supplementary Material, p.26), the figures below have been restated to reflect the revised segment structure and are presented on a comparable basis.
Page 11
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 30.0 36.7 36.0 39.3 66.0 76.0 F25 1Q F26 1Q Aluminum ingot and chemicals Operating profit (Billions of yen) Net sales (Billions of yen) 11 Net sales (Billions of yen) 日本 米 タイ 中 日本 米 タイ 中 Sales volume (1,000 tons) 印 Chemicals Business GroupAlumina and chemicals(Nippon Light Metal, chemicals） Metal Business Group Secondary alloy ingot (Nikkei MC Aluminum) 44.8 62.8 3.3 6.9 0 2 4 6 8 10 12 0 20 40 60 80 FY2025 1Q FY2026 1Q Other 10.9 12.2 F25 1Q F26 1Q Sales increased despite weakness in aluminum hydroxide and alumina for fire-resistant fillers and other applications, supported by continued high demand for heat dissipation applications, higher sales of products for semiconductor manufacturing equipment, and a recovery in sales of inorganic chlorine compounds. Despite higher raw material costs, profits increased, partly due to the effects of sales price revisions. Japan: Sales increased on higher orders from the automotive sector, with demand for alternatives to overseas products arising from the situation in the Middle East also contributing. Overseas: Favorable demand continued in the U.S., and sales remained firm in Thailand. Sales in China remained sluggish but were higher than in the same period of the previous fiscal year, while sales in India increased, partly due to higher demand arising from the situation in the Middle East. Chemicals: Profit increased on high demand for heat dissipation applications, higher sales of products for semiconductor manufacturing equipment, and the effects of sales price revisions. Metal: Profit increased on favorable demand for secondary alloy ingots in Japan and overseas, together with the impact of rising aluminum ingot prices. Financial results for the first quarter of the fiscal year ending March 31, 2027 印 FY2025 1Q FY2026 1Q FY2026 1QFY2025 1Q India China Thailand Thailand US US Japan Japan China India Nikkei MC Aluminum Nippon Light Metal, chemicals Operating profit
Page 12
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 9.0 9.8 F25 1Q F26 1Q Aluminum sheet and extrusions Operating profit (Billions of yen) Net sales (Billions of yen) Net sales (Billions of yen) Net sales (Billions of yen) 12 Sheet & Extrusion Business Group Extrusions Div. (Nikkeikin Aluminium Core Technology) Sheet & Extrusion Business Group Aluminum Sheet Div. (Nippon Light Metal, sheets) Sales of products for truck bodies remained firm on favorable demand and exceeded the prior-year level. Profit exceeded the prior-year level due to higher sales prices reflecting aluminum market conditions. Net sales increased year on year, driven by a recovery in demand for thick aluminum sheets for semiconductor manufacturing equipment and continued strong performance of products for LiB packages. Profit increased due to the above-mentioned higher sales and higher sales prices reflecting aluminum market conditions. For sheet products, demand recovered for thick aluminum sheets for semiconductor manufacturing equipment, while aluminum sheets for LiB packages remained strong. For extrusions, sales increased on favorable demand for products for truck bodies. Together with higher sales prices reflecting aluminum market conditions, these factors drove increases in net sales and profit. Financial results for the first quarter of the fiscal year ending March 31, 2027 25.3 32.7 0.7 2.1 0 1 2 3 4 0 10 20 30 40 FY2025 1Q FY2026 1Q Other Nikkeikin Aluminium Core Technology Operating profit 11.9 14.4 F25 1Q F261QFY2025 1Q FY2026 1Q FY2026 1QFY2025 1Q
Page 13
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Fabricated products and others Operating profit (Billions of yen) 13 Net sales (Billions of yen) Transport Equipment Business Group (Nippon Fruehauf) Engineering Business Group Panel System Div. (Nikkei Panel System) Net sales (Billions of yen) Automotive Parts Business Group (Nikkeikin ALMO) 17.7 17.0 F25 1Q F26 1Q 7.8 7.5 F25 1Q F26 1Q Despite high order levels, paint shortages stemming from the situation in the Middle East forced production cuts, resulting in lower sales. Profit declined due to lower sales, with higher material prices also contributing. Refrigerator and freezer field: Sales increased, driven by demand for expansions at food plants and refrigerated and frozen warehouses and for replacement of aging facilities. Clean room field: Although semiconductor-related capital investment demand continued, sales declined due to a reactionary decline following the concentration of large-scale projects in the previous fiscal year. Japan: Performance continued to improve, driven by increased sales from new project launches and new product additions, an improved product mix, and sales price optimization Overseas: Weakness in China continued, while profit improved in the U.S. on higher volumes and productivity gains. Despite improved performance in automotive parts due to new product additions, sales price optimization, and other factors, segment profit turned negative due to lower sales in Transport Equipment (truck bodies) caused by paint shortages stemming from the situation in the Middle East and a reactionary decline in the clean room field of the Engineering Business Group’s panel system business. Financial results for the first quarter of the fiscal year ending March 31, 2027 7.2 8.3 F25 1Q F26 1Q Net sales (Billions of yen) FY2025 1Q FY2026 1Q FY2025 1Q FY2026 1Q FY2025 1Q FY2026 1Q 39.2 39.5 -0.1 -0.4 -1 0 1 2 3 4 5 -10 0 10 20 30 40 50 FY2025 1Q FY2026 1Q 他 Nikkei Panel System Nikkeikin Aluminum for Mobility Operating profit Net sales (Billions of yen) Nippon Fruehauf
Page 14
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Aluminum foil, powder and paste Operating profit (Billions of yen) Net sales (Billions of yen) 14 Powder and Paste Div. Household Products Div. Aluminum Foil Business Group (Toyo Aluminium) Aluminum Foil Div. Foil sales declined as foil products for LiB exteriors returned to an adjustment phase following a temporary increase in sales in the first half of FY2025, while sales for medical product packaging returned to growth. Powder and paste recorded higher sales and profit, driven by continued strong performance in heat dissipation applications and increased demand for paste for automobile paints. Foil products for LiB exteriors remained in an adjustment phase, with sales declining following the temporary increase recorded in the first half of FY2025. Sales of processed foil for medical product packaging increased following a decline caused by an adjustment phase in the previous fiscal year. Together with higher aluminum ingot prices, these factors lifted overall net sales for the division above the prior-year level. Demand remained strong for aluminum powder for electronic materials and aluminum nitride used in heat dissipation applications. With demand for paste for automobile paints increasing, overseas sales remained strong and domestic sales also increased, lifting net sales for the division above the prior-year level. In consumer products, sales were strong and expanded for leisure-related, stain-prevention, and house- care products, while aluminum foil sales also increased. Packaging products were affected by higher retail prices for frozen foods, but new orders for paper containers helped lift overall net sales for the division above the prior-year level. Financial results for the first quarter of the fiscal year ending March 31, 2027 27.8 31.3 2.2 2.9 0 2 4 6 8 0 5 10 15 20 25 30 35 FY2025 1Q FY2026 1Q Household products and others adjusted Powder and paste Aluminum foil Operating profit
Page 15
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 1. Financial results for the first quarter of the fiscal year ending March 31, 2027 2. Semi-annual & full-year financial results forecasts for the fiscal year ending March 31, 2027 Table of Contents
Page 16
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Business environment assumptions 16 Market environment: The favorable trends seen in Q1 are generally expected to continue, while sources of instability and uncertainty, including the situation in the Middle East, are also factored in. Aluminum ingot prices: Prices rose in Q1 and have since peaked but are expected to remain high (impact expected in the first half; no impact expected in the second half). Semi-annual & full-year financial results forecasts for the fiscal year ending March 31, 2027 Segment Business Group (Main divisions) Performance trend* Demand outlook from Q2 onward [additional factors for the second half] Aluminum ingot and chemicals Chemicals (NLM Chemicals) Strong performance in heat dissipation applications; continued recovery in demand and higher sales of products for semiconductor manufacturing equipment Metal (Nikkei MC Aluminium) Favorable demand conditions in Japan and overseas; continued benefits from rising aluminum ingot prices Aluminum sheet and extrusions Sheet & Extrusion (NLM sheets) Higher sales of thick aluminum sheets for semiconductor manufacturing equipment; sustained demand for aluminum sheets for LiB applications (Nikkeikin Aluminium Core Technology) Firm demand for products for truck bodies [plus clear signs of recovery in demand for products for semiconductor manufacturing equipment] Fabricated products and others Transport Equipment (Nippon Fruehauf) Continued favorable demand; recovery from lower sales caused by paint shortages; catch-up production Automotive Parts (Nikkeikin ALMO) Japan: New product additions, an improved product mix, and sales price optimization; Overseas: continued weakness in China and improved productivity in the U.S. Engineering (Nikkei Panel System) Higher sales in the refrigerator and freezer field; weak demand in the clean room field [moving toward recovery] Aluminum foil, powder and paste Aluminum Foil (Toyo Aluminium) Ongoing recovery in medical product packaging, sustained strength in heat dissipation applications, and continued growth in demand for paste for automobile paints *Performance trends are compared with FY2025 full-year results and include the impact of aluminum ingot price fluctuations.
Page 17
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 17 (Billions of yen) Fiscal 2025 Semi-annual Results Fiscal 2026 Semi-annual Forecasts (May 15) Fiscal 2026 Semi-annual Forecasts (August 3) Change YoY Net sales 278.7 330.0 350.0 +71.3 (+25.6%) Operating profit 11.6 13.0 17.0 +5.4 (+45.9%) Ordinary profit 9.7 12.0 16.0 +6.3 (+64.3%) Profit attributable to owners of parent 5.5 8.0 10.0 +4.5 (+82.8%) Interim dividend per share 25 yen 40 yen 50 yen +25 yen Semi-annual financial results forecasts for the fiscal year ending March 31, 2027 Financial results forecasts – compared with the same period in the previous fiscal year Although Q2 is expected to be below Q1, favorable trends in both sales and profitability are expected to continue. The financial results forecasts and the interim dividend forecast were revised on August 3, 2026.
Page 18
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 9.7 16.0 +10.3 +1.1 +3.7 -4.8 -4.0 ＋6.3 billion yen April–September 2025 Results 18 In addition to higher sales of aluminum sheet, foil, powder and other products, gains from aluminum ingot price differentials arising from higher aluminum ingot prices, and the impact of secondary alloy market conditions, the effects of sales price revisions also contributed to profit growth. Semi-annual financial results forecasts for the fiscal year ending March 31, 2027 Factors behind changes in ordinary profit – compared with the same period in the previous fiscal year April–September 2026 Forecasts Sales price Sales volume Purchased products New products Other
Page 19
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 19 (Billions of yen) Semi-annual Net Sales Semi-annual Operating Profit Fiscal 2025 Results Fiscal 2026 Forecasts (May 15) Fiscal 2026 Forecasts (Aug. 3) Change YoY Fiscal 2025 Results Fiscal 2026 Forecasts (May 15) Fiscal 2026 Forecasts (Aug. 3) Change YoY Aluminum ingot and chemicals 90.7 122.0 133.0 +42.3 (+46.6%) 6.7 9.5 12.0 +5.3 (+79.1%) Aluminum sheet and extrusions 51.0 60.0 69.0 +18.0 (+35.3%) 1.4 3.0 3.0 +1.6 (+114.3%) Fabricated products and others 81.4 86.0 85.0 +3.6 ( +4.4%) 1.4 -1.0 0 -1.4 （ー） Aluminum foil, powder, and paste 55.6 62.0 63.0 +7.4 ( +13.4%) 3.7 3.5 4.0 +0.3 (+7.0%) Management, shared ー ー ー － -1.6 -2.0 -2.0 -0.4 Total 278.7 330.0 350.0 +71.3 (+25.6%) 11.6 13.0 17.0 +5.4 (+45.9%) Segment information – compared with the same period in the previous fiscal year Aluminum ingot and chemicals: Strong sales of chemicals for heat dissipation applications; favorable demand for secondary alloy ingots in Japan and overseas Aluminum sheet and extrusions: A recovery in demand and higher sales of thick aluminum sheets for semiconductor manufacturing equipment; sales of aluminum sheets for LiB packages remaining at high levels Semi-annual financial results forecasts for the fiscal year ending March 31, 2027
Page 20
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Financial results forecasts and dividend forecasts – compared with the same period in the previous fiscal year 20 Fiscal 2025 Results Fiscal 2026 Forecasts (May 15) Fiscal 2026 Forecasts (Aug. 3) Change YoY Net sales 585.5 690.0 690.0 +104.5 (+17.9%) Operating profit 25.6 27.0 33.0 +7.4 (+28.8%) Ordinary profit 23.6 25.0 31.0 +7.4 (+31.1%) Profit attributable to owners of parent 15.6 16.5 17.0 +1.4 (+9.0%) Dividend per share 80 yen 100 yen １１０ yen +30 yen (Billions of yen) Full-year financial results forecasts for the fiscal year ending March 31, 2027 Although performance is forecast to be stronger in the first half than in the second, the favorable trends seen in Q1 and projected for the first half are expected to continue overall. The financial results and dividend forecasts were revised on August 3, 2026.
Page 21
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 23.6 31.0 +13.0 +1.7 +8.2 -7.6 -7.9 +7.4 billion yenFiscal 2025 Results 21 Despite assuming that gains from aluminum ingot price differentials arising from higher aluminum ingot prices will subside and that rising raw material procurement prices will have a greater impact, the forecasts factor in the expanding effect of sales price revisions. Sales price Sales volume Purchased products New products Other Full-year financial results forecasts for the fiscal year ending March 31, 2027 Factors behind changes in ordinary profit – compared with the same period in the previous fiscal year Fiscal 2026 Forecasts
Page 22
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 22 (Billions of yen) Full-year Net Sales Full-year Operating Profit Fiscal 2025 Results Fiscal 2026 Forecasts (May 15) Fiscal 2026 Semi-annual Revised Forecasts (Aug. 3) Change YoY Fiscal 2025 Results Fiscal 2026 Forecasts (May 15) Fiscal 2026 Semi-annual Revised Forecasts (Aug. 3) Change YoY Aluminum ingot and chemicals 189.4 224.0 237.0 +47.6 (+25.1%) 9.8 15.0 16.5 +6.7 (+68.4%) Aluminum sheet and extrusions 105.4 141.0 141.0 +35.6 (+33.8%) 5.7 5.5 7.5 +1.8 (+31.6%) Fabricated products and others 177.7 202.0 183.0 +5.3 ( +3.0%) 6.0 3.0 5.0 -1.0 (-16.1) Aluminum foil, powder and paste 113.0 123.0 129.0 +16.0 ( +14.1%) 7.7 7.5 8.0 +0.3 (+4.6%) Management, shared － ー ー － -3.6 -4.0 -4.0 -0.4 Total 585.5 690.0 690.0 +104.5 ( +17.9%) 25.6 27.0 33.0 ＋7.4 (+31.1%) Segment information – compared with the same period in the previous fiscal year Full-year financial results forecasts for the fiscal year ending March 31, 2027 Aluminum ingot and chemicals: Chemicals are expected to remain strong in heat dissipation applications, with demand for secondary alloy ingots remaining favorable throughout the fiscal year. Fabricated products and others: The truck body business is expected to recover, while sales of thermal insulation panels for semiconductor plants remain on a recovery path.
Page 23
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 23 Dividends per share The Company carried out a share consolidation at a ratio of 1 share for every 10 shares of common stock on October 1, 2020, and the dividend amount per share prior to FY2019 (fiscal year ended in March 2020) takes into account the effects of this share consolidation. 30 40 40 40 40 40 10 20 25 40 50 50 40 50 50 65 45 10 40 50 55 60 60 30 40 50 60 80 80 90 90 65 85 50 50 70 80 100 110 0 20 40 60 80 100 120 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 F20 F21 F22 F23 F24 F25 F26 F26 Interim Year-end Forecasts (Aug. 3) (Yen) Shareholder return policy: Total payout ratio of approximately 40% (including acquisition of treasury stock) Dividend per share: 110 yen, a 30-yen increase from FY2025 Interim dividend: 50 yen (May forecast: 40 yen); year-end dividend: 60 yen (May forecast unchanged ) Full-year financial results forecasts for the fiscal year ending March 31, 2027 Forecasts (May 15)
Page 24
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Supplemental materials
Page 25
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 25 Partial reorganization of reportable segments and divisions within business groups The NLM capacitor foil division (electronic materials division) was transferred from the Sheet & Extrusion business group to the Metal business group; the Infrastructure business group was dissolved and reorganized into the Business Support Administration department. Reportable Segment Business Group Main divisions / businesses Main business companies / business divisions Aluminum ingot and chemicals Chemicals • Chemicals div. −NLM Chemicals • Carbon products div. −Nippon Electrode Metal • Secondary alloy ingot div. −Nikkei MC Aluminium •Electronic materials div. −NLM capacitor foil div. Aluminum sheet and extrusions Sheet & Extrusion • Aluminum sheet div −NLM sheets • Extrusions div. −Nikkeikin Aluminium Core Technology • Electronic materials div. −NLM capacitor foil div. Fabricated products and others Transport Equipment • Truck bodies −Nippon Fruehauf Automotive Parts −Nikkeikin Aluminum for Mobility Engineering • Panel system div. −Nikkei Panel System • Landscape engineering div. −Nikkei Engineering (Business Support Administration dept.) −NLM Kambara Complex, Tomakomai Complex −Nikkei Logistics Aluminum foil, powder and paste Aluminum Foil • Foil div. −Toyo Aluminium• Powder and paste div. • Daily necessities div. Transferred to Metal business group Add Dissolved Infrastructure business group and transferred its functions to a functional organization ( Business Support Administration dept.)
Page 26
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 462 428 704 642 2,526.4 2,415.8 3,545.7 3,145.7 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 3,200 3,400 3,600 3,800 250 300 350 400 450 500 550 600 650 700 750 800 24/4 24/5 24/6 24/7 24/8 24/9 24/10 24/11 24/12 25/1 25/2 25/3 25/4 25/5 25/6 25/7 25/8 25/9 25/10 25/11 25/12 26/1 26/2 26/3 26/4 26/5 26/6 26/7 Aluminum ingot 円 ドル 26 Market price in Japan (JPY) LME (USD) New Standard Price (NSP: ingot price with application of domestic aluminum distribution) Supplemental materials Trends in the price of aluminum ingot 400 390 390 410 400 460 460 470 500 460 470 500 560 690 670 300 350 400 450 500 550 600 650 700 750 F23 1Q F23 2Q F23 3Q F23 4Q F24 1Q F24 2Q F24 3Q F24 4Q F25 1Q F25 2Q F25 3Q F25 4Q F26 1Q F26 2Q F26 3Q 円
Page 27
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 126 129 134 137 135 143 147 142 135 130 133 134 133 137 141 141 145 148 150 150 144 147 150 150 154 156 158 158 146 144 150 154 154 157 152 149 144 145 145 147 148 148 151 155 156 157 155 159 159 157 161 163 100 105 110 115 120 125 130 135 140 145 150 155 160 165 22/4 22/5 22/6 22/7 22/8 22/9 22/10 22/11 22/12 23/1 23/2 23/3 23/4 23/5 23/6 23/7 23/8 23/9 23/10 23/11 23/12 24/1 24/2 24/3 24/4 24/5 24/6 24/7 24/8 24/9 24/10 24/11 24/12 25/1 25/2 25/3 25/4 25/5 25/6 25/7 25/8 25/9 25/10 25/11 25/12 26/1 26/2 26/3 26/4 26/5 26/6 26/7 Exchange rates (USD/JPY) JPY 27 103 108 113 103 97 91 91 86 77 80 82 79 83 75 75 80 87 93 90 84 77 79 81 84 89 84 83 84 78 74 75 73 73 80 78 73 68 64 69 71 69 70 65 64 62 62 68 129 106 103 79 76 55 75 95 115 135 22/4 22/5 22/6 22/7 22/8 22/9 22/10 22/11 22/12 23/1 23/2 23/3 23/4 23/5 23/6 23/7 23/8 23/9 23/10 23/11 23/12 24/1 24/2 24/3 24/4 24/5 24/6 24/7 24/8 24/9 24/10 24/11 24/12 25/1 25/2 25/3 25/4 25/5 25/6 25/7 25/8 25/9 25/10 25/11 25/12 26/1 26/2 26/3 26/4 26/5 26/6 26/7 Dubai crude USD Trends in crude oil prices and exchange rates Supplemental materials
Page 28
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 28 Fiscal 2025 Results Fiscal 2026 Forecasts April– June 2026 Results Fiscal 2026 Revised Forecasts Sensitivity to ordinary profit Aluminum ingot (yen/kg) ５0１ 689 700 624 Assuming a 10 yen/kg increase -0.4 billion yen/year Exchange rates (yen/USD) 1５１ 156 159 163 Assuming 10 yen appreciation ±0 Operating profit: +0.7 billion yen/year Non-operating income/loss: -0.7 billion yen/year Dubai crude (USD/BBL) ７２ ７０* 91 ７０ Assuming a USD10/BBL increase -0.8 billion yen/year Elements and sensitivity Supplemental materials *Describe the assumptions used in formulating the FY2026 plan.
Page 29
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 301 297 293 295 286 287 286 0 50 100 150 200 250 300 350 400 4 7 10 1 4 7 10 1 4 7 10 1 4 7 FY2023 FY2024 FY2025 FY2026 (1,000 tons) 29 Trends in overall demand for aluminum products in Japan Supplemental materials Source: Japan Aluminum Association
Page 30
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. 30 (1,000 tons) April–June 2025 Results April–June 2026 Results Change Nikkei MC Aluminum (secondary alloy ingot) 66.0 76.0 +10.0 Japan 30.0 36.7 +6.7 Overseas 36.0 39.3 +3.3 Nippon Light Metal, sheets (aluminum sheet) 15.8 17.2 +1.4 Nikkeikin Aluminium Core Technology Company (extrusions) 7.2 7.3 +0.1 Product sales volume Supplemental materials
Page 31
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. (Billions of yen) April–June 2025 Results April–June 2026 Results Net sales Operating profit Ordinary profit Net sales Operating profit Ordinary profit Nippon Light Metal (Non-consolidated) 40.0 2.0 6.6 47.3 4.3 8.8 Toyo Aluminium (Consolidated) 27.9 2.2 2.0 31.4 2.9 2.9 Nikkei MC Aluminum (Consolidated) 26.7 0.6 0.6 43.2 3 3 Nippon Fruehauf (Consolidated) 17.7 0.3 0.3 17.0 -0.1 -0.2 Nikkeikin Aluminium Core Technology (Consolidated) 9.0 0.1 0 9.8 0.6 0.6 Nikkei Panel System (Consolidated) 7.8 0.6 0.7 7.5 0.4 0.4 Nikkeikin ALMO 7.2 -0.3 -0.4 8.3 0.4 0.3 32 Financial results of key companies Supplemental materials
Page 32
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. (Billions of yen) April–September 2025 Results April–September 2026 Forecasts Net sales Operating profit Ordinary profit Net sales Operating profit Ordinary profit Nippon Light Metal (Non-consolidated) 80.1 3.1 7.6 96.7 5.9 9.7 Toyo Aluminium (Consolidated) 55.7 3.7 3.6 62.9 4.4 4.3 Nikkei MC Aluminum (Consolidated) 54.1 1.5 1.6 92.1 6.0 6.0 Nippon Fruehauf (Consolidated) 37.0 1.1 1.0 37.3 0.2 0.2 Nikkeikin Aluminium Core Technology (Consolidated) 17.9 0.1 0.1 20.2 1.2 1.1 Nikkei Panel System (Consolidated) 15.3 1.3 1.4 15.0 0.7 0.8 Nikkeikin ALMO 15.0 -0.2 -0.3 17.2 0.3 0 33 Financial results of key companies Supplemental materials
Page 33
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. (Billions of yen) Fiscal 2025 Results Fiscal 2026 Forecasts Net sales Operating profit Ordinary profit Net sales Operating profit Ordinary profit Nippon Light Metal (Non-consolidated) 163.6 4.2 8.6 195.0 9.5 13.1 Toyo Aluminium (Consolidated) 113.4 7.7 7.4 129.4 8.2 7.8 Nikkei MC Aluminum (Consolidated) 117.0 3.2 3.6 156.9 7.5 7.6 Nippon Fruehauf (Consolidated) 76.3 2.0 2.0 81.1 1.8 1.7 Nikkeikin Aluminium Core Technology (Consolidated) 36.9 1.5 1.5 40.8 1.9 1.8 Nikkei Panel System (Consolidated) 33.5 3.4 3.7 33.9 2.8 3.0 Nikkeikin ALMO 32.0 0 -0.2 34.9 0.1 -0.6 34 Financial results of key companies Supplemental materials
Page 34
Copyright Nippon Light Metal Holdings Co.,Ltd All rights Reserved. Notes on this document 1. This document is intended to provide information on the financial results for the fiscal year ended March 31, 2026, and future management strategies, and not to solicit the purchase or sale of the marketable securities issued by the Company. 2. The forward-looking statements, including future trends and earnings estimates, are not historical facts and involve risks and uncertainties, and therefore do not guarantee future performance. Actual financial results may differ materially from the estimates due to various factors, including unpredictable changes in economic conditions. Significant factors that may affect actual financial results include, but are not limited to, the economic climate surrounding the Group, social trends, and changes in the Group’s relative competitiveness in line with the demand trends for the products and services provided by the Group. 3. The matters described in this document reflect the views of the Company at the time of its preparation and are subject to change without prior notice. 4. The Company shall assume no responsibility for any damage resulting from the use of this document.