Interim report
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1 DISCLAIMER: 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. November 10, 2025 Consolidated Financial Results for the Six Months Ended September 30, 2025 (Under Japanese GAAP) 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 file semi-annual securities report: November 11, 2025 Scheduled date to commence dividend payments: December 2, 2025 Preparation of supplementary material on financial results: Yes (Japanese only) Holding of financial results briefing: Yes (for institutional investors and analysts) (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025) (1) Consolidated operating results (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % September 30, 2025 13,637 (5.2) 2,394 (11.7) 2,539 (7.7) 2,349 65.0 September 30, 2024 14,383 0.5 2,710 4.2 2,752 (8.1) 1,424 (31.4) Note: Comprehensive income For the six months ended September 30, 2025: ¥1,005 million [(62.5)%] For the six months ended September 30, 2024: ¥2,683 million [(11.9)%] Basic earnings per share Diluted earnings per share Six months ended Yen Yen September 30, 2025 141.43 - September 30, 2024 80.89 - (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % September 30, 2025 41,915 33,203 77.5 March 31, 2025 42,396 33,504 77.2 Reference: Equity As of September 30, 2025: ¥32,490 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 - 55.00 Fiscal year ending March 31, 2026 (Forecast) 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.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Fiscal year ending March 31, 2026 27,520 (9.9) 5,000 (17.4) 5,120 (18.7) 3,700 (2.9) 222.77 Note: Revisions to the earnings forecasts most recently announced: None
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2 * Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: Yes (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of September 30, 2025 16,880,038 shares As of March 31, 2025 16,880,038 shares (ii) Number of treasury shares at the end of the period As of September 30, 2025 266,120 shares As of March 31, 2025 270,980 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended September 30, 2025 16,610,904 shares Six months ended September 30, 2024 17,605,353 shares
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3 Semi-annual consolidated balance sheet (Thousands of yen) As of March 31, 2025 As of September 30, 2025 Assets Current assets Cash and deposits 13,886,562 14,254,144 Notes and accounts receivable - trade, and contract assets 9,359,199 8,986,696 Electronically recorded monetary claims - operating 1,324,581 1,580,713 Finished goods 2,856,378 2,562,378 Work in process 2,339,497 3,107,892 Raw materials and supplies 2,163,258 2,382,509 Other 483,577 600,517 Allowance for doubtful accounts (789,343) (752,054) Total current assets 31,623,710 32,722,798 Non-current assets Property, plant and equipment Buildings and structures, net 4,280,578 4,037,171 Other, net 4,473,803 3,813,323 Total property, plant and equipment 8,754,381 7,850,494 Intangible assets Other 104,434 145,169 Total intangible assets 104,434 145,169 Investments and other assets 1,914,041 1,197,035 Total non-current assets 10,772,857 9,192,699 Total assets 42,396,568 41,915,497
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4 (Thousands of yen) As of March 31, 2025 As of September 30, 2025 Liabilities Current liabilities Notes and accounts payable - trade 2,047,529 2,063,569 Electronically recorded obligations - operating 453,169 474,587 Income taxes payable 1,108,838 1,018,800 Provision for product warranties 59,658 43,417 Provision for bonuses 504,362 512,518 Other 3,460,674 3,744,416 Total current liabilities 7,634,232 7,857,309 Non-current liabilities Retirement benefit liability 364,298 385,997 Other 893,321 468,778 Total non-current liabilities 1,257,620 854,776 Total liabilities 8,891,852 8,712,085 Net assets Shareholders' equity Share capital 3,143,675 3,143,675 Capital surplus 2,931,466 2,935,924 Retained earnings 23,041,643 24,244,944 Treasury shares (634,148) (622,816) Total shareholders' equity 28,482,636 29,701,727 Accumulated other comprehensive income Valuation difference on available-for-sale securities 666,846 173,588 Foreign currency translation adjustment 3,534,294 2,557,811 Remeasurements of defined benefit plans 55,021 57,019 Total accumulated other comprehensive income 4,256,163 2,788,419 Non-controlling interests 765,916 713,266 Total net assets 33,504,715 33,203,412 Total liabilities and net assets 42,396,568 41,915,497
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5 Semi-annual consolidated statement of income (Thousands of yen) Six months ended September 30, 2024 Six months ended September 30, 2025 Net sales 14,383,987 13,637,007 Cost of sales 7,986,567 7,689,083 Gross profit 6,397,419 5,947,924 Selling, general and administrative expenses 3,687,362 3,553,807 Operating profit 2,710,057 2,394,117 Non-operating income Interest income 70,039 47,563 Dividend income 16,225 14,241 Rental income 14,594 13,505 Foreign exchange gains - 20,433 Other 74,284 57,339 Total non-operating income 175,144 153,082 Non-operating expenses Interest expenses 12,090 3,075 Foreign exchange losses 114,868 - Other 5,980 4,372 Total non-operating expenses 132,939 7,447 Ordinary profit 2,752,262 2,539,752 Extraordinary income Gain on sale of non-current assets - 140,216 Gain on sale of investment securities 27,116 868,999 Total extraordinary income 27,116 1,009,216 Extraordinary losses Loss on sale of non-current assets - 6,726 Loss on liquidation of subsidiaries and associates 404,183 - Total extraordinary losses 404,183 6,726 Profit before income taxes 2,375,194 3,542,242 Income taxes 862,339 1,038,780 Profit 1,512,855 2,503,461 Profit attributable to non-controlling interests 88,841 154,136 Profit attributable to owners of parent 1,424,013 2,349,325
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6 Semi-annual consolidated statement of comprehensive income (Thousands of yen) Six months ended September 30, 2024 Six months ended September 30, 2025 Profit 1,512,855 2,503,461 Other comprehensive income Valuation difference on available-for-sale securities (74,304) (493,257) Foreign currency translation adjustment 1,244,458 (1,006,918) Remeasurements of defined benefit plans, net of tax 399 1,997 Total other comprehensive income 1,170,553 (1,498,178) Comprehensive income 2,683,408 1,005,282 Comprehensive income attributable to Comprehensive income attributable to owners of parent 2,632,255 881,581 Comprehensive income attributable to non-controlling interests 51,152 123,701
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7 (Notes on segment information, etc.) I. Previous interim consolidated accounting period (April 1, 2024 to September 30, 2024) As described in "II. The Interim Consolidated Accounting Period (Matters Concerning Changes in Reporting Segments, etc.) ." II. The Interim Consolidated Accounting Period (April 1, 2025 to September 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 reporting segments into three segments: "Pumps" and "Electronic Components," and "Others," which are not included in the reporting segments, but from the interim consolidated accounting period under review, it has been cha nged 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 interim consolidated accounting period and the current inter im consolidated accounting period has been omitted.