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July 28, 2025 Enplas Corporation (TSE: 6961) 2026.3 First-Quarter Results Copyright ©2025 ENPLAS CORPORATION, All rights reserved
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Financial Results • 2026.3 First-Quarter Results • 2026.3 Financial Forecast • Business Strategies • Reference: Mid-term Management Plan Agenda Copyright ©2025 ENPLAS CORPORATION, All rights reserved 2
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Financial Results Copyright ©2025 ENPLAS CORPORATION, All rights reserved 3
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Points of Financial Results Copyright ©2025 ENPLAS CORPORATION, All rights reserved 4 2026.3 First-Quarter Financial Results ◼ Summary • Although YoY sales and operating income decreased, 1Q results exceeded initial forecasts. • The direct impact of mutual tariffs in the US (our tariff burden) was limited in 1Q. ◼ Segment <Semiconductor business> • 1Q exceeded initial forecasts (64% of 1Q results compared to the 1st half forecast). • Highest level in 9 quarters since 23/3 4Q (strong performance in servers, mobile, and automotive SoCs) • 2Q also expected to be strong in servers and mobile, exceeding 1Q forecasts (In addition to major GPU manufacturers, ASIC-related projects for hyperscalers are expected to increase for AI servers) <Life Science business> • Large orders expected to ship in 2Q (1Q sales: 516 million yen → 2Q sales forecast: about 2 billion yen). <Digital Communication business / Energy Saving Solution business> • New products have been secured, but mass production is expected to begin in the 2nd half.
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2026.3 First-Quarter Financial Results Copyright ©2025 ENPLAS CORPORATION, All rights reserved 5 2025.3 2026.3 Change (Reference) 1st Half Plan1Q Results 1Q Results Sales 10,601 8,999 -15.1% 18,900 COGS Ratio 50.9％ 55.7％ +4.8pt 59.3％ Operating Income 2,153 905 -58.0% 1,200 Operating margin 20.3％ 10.1％ -10.2pt 6.3％ Ordinary Income 2,334 825 -64.6% 1,400 Profit attributable to owners of parent 1,518 362 -76.1% 1,000 Earnings Per Share 172.00yen 41.03yen -130.97yen 113.19yen Average Exchange Rate (US$) 156.51yen 145.17yen -11.34yen (Planned rate) 140.00yen FX sensitivity (US$): Sales Approx. 200 million yen/year, Operating income Approx. 150 million yen/year （Million yen）
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2026.3 First-Quarter Results by Segment 2025.3 2026.3 Change1Q Results 1Q Results Semiconductor Sales 4,570 4,888 +7.0％ COGS Ratio 49.8% 48.5% -1.3pt Operating Income 719 866 +20.5％ Life Science Sales 766 516 -32.6％ COGS Ratio 57.4% 61.6% +4.2pt Operating Income 115 -10 - Digital Communication Sales 1,705 420 -75.3％ COGS Ratio 19.9% 52.7% +32.8pt Operating Income 1,065 -43 - Energy Saving Solution Sales 3,558 3,173 -10.8％ COGS Ratio 65.7% 66.1% +0.4pt Operating Income 253 92 -63.6％ Copyright ©2025 ENPLAS CORPORATION, All rights reserved 6 (Million yen)
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Quarterly Results Copyright ©2025 ENPLAS CORPORATION, All rights reserved 7 2025.3 2026.3 1Q 2Q 3Q 4Q 1Q Sales 10,601 9,099 9,104 9,264 8,999 COGS Ratio 50.9％ 52.7％ 58.4％ 55.0％ 55.7％ Operating Income 2,153 1,200 729 1,203 905 Operating margin 20.3％ 13.2％ 8.0％ 13.0％ 10.1％ Ordinary Income 2,334 810 1,166 1,135 825 Profit attributable to owners of parent 1,518 576 777 1,071 362 Earnings Per Share 172.00yen 65.23yen 88.02yen 121.26yen 41.03yen (Million yen)
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Quarterly Results 2024.3 2025.3 2026.3 2024.3 2025.3 2026.3 Copyright ©2025 ENPLAS CORPORATION, All rights reserved 8 ＜Sales＞ ＜Operating Income＞ (Million yen)(Million yen) 9,715 9,484 8,753 9,851 10,601 9,099 9,104 9,264 8,999 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1,412 1,204 938 1,090 2,153 1,200 729 1,203 905 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
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Reference: Quarterly Results by Segment Copyright ©2025 ENPLAS CORPORATION, All rights reserved 9 2025.3 2026.3 1Q 2Q 3Q 4Q 1Q Semiconductor Sales 4,570 3,686 3,730 4,136 4,888 COGS Ratio 49.8% 51.2% 56.3% 52.8% 48.5% Operating Income 719 302 87 420 866 Life Science Sales 766 704 638 944 516 COGS Ratio 57.4% 54.7% 75.6% 40.3% 61.6% Operating Income 115 80 -69 326 -10 Digital Communication Sales 1,705 1,272 1,131 784 420 COGS Ratio 19.9% 22.1% 26.2% 30.5% 52.7% Operating Income 1,065 637 518 262 -43 Energy Saving Solution Sales 3,558 3,436 3,604 3,398 3,173 COGS Ratio 65.7% 65.2% 67.7% 67.4% 66.1% Operating Income 253 179 192 195 92 (Million yen)
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Financial Results Overview 2025.3 1Q 2026.3 1Q Change 3,053 3,084 +31 2025.3 1Q 2026.3 1Q Change 181 -80 -261 ➢Research & development expense: +32 ➢FX loss: 157 (FX gain for 2025.3 1Q: 78) ➢ SG&A ➢ Non-operating profit and loss Copyright ©2025 ENPLAS CORPORATION, All rights reserved 10 2025.3 1Q 2026.3 1Q Change -192 -188 +4 ➢Business restructuring expenses: 198 (2025.3 1Q: 204) ➢ Extra-ordinary profit and loss (Million yen) (Million yen) (Million yen)
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2026.3 Financial Forecast Copyright ©2025 ENPLAS CORPORATION, All rights reserved 11
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2026.3 Financial Forecast (Million yen) Copyright ©2025 ENPLAS CORPORATION, All rights reserved 12 2026.3 2026.3 1Q Results 1st Half Full-year Sales 8,999 18,900 38,000 COGS Ratio 55.7％ 59.3％ 58.9％ Operating Income 905 1,200 2,500 Operating margin 10.1％ 6.3％ 6.6％ Ordinary Income 825 1,400 3,000 Profit attributable to owners of parent 362 1,000 2,100 Earnings Per Share 41.03yen 113.19yen 237.69yen Dividends Per Share - 40.00yen 80.00yen *Unchanged from the financial forecast as of April 30, 2025 (Planned FX rate (US$): 140.00 yen)
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2026.3 Sales Forecast by Segment 2026.3 (As of April) 2026.3 (Revised) 1st Half Full-year 1st Half Full-year Semiconductor 7,600 16,600 9,000 19,000 Life Science 2,700 3,200 2,500 3,000 Digital Communication 1,300 3,200 900 2,300 Energy Saving Solution 7,300 15,000 6,500 13,700 Copyright ©2025 ENPLAS CORPORATION, All rights reserved 13 (Million yen)
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Changes in the 2026.3 Financial Forecast Copyright ©2025 ENPLAS CORPORATION, All rights reserved 14 • Steady implement of initiatives to achieve the Mid-Term Management Plan even amid changes in the external environment. • The impact of mutual tariffs in the US in 2026.3 1Q was limited (Plan to proceed with passing on price increases). Review of 2026.3 1Q Future Direction Semiconductor • 2026.3 1Q: Strong performance in servers, mobile, and automotive SoCs • 2026.3 2Q: Strong performance expected in servers and mobile • Sockets for AI servers are expected to continue performing well • In the 2026.3 1st Half, in addition to major GPU manufacturers, ASIC-related projects for hyperscalers are expected to increase Life Science • Sales expected to be concentrated in 2026.3 2Q due to the discontinuation of some mass-produced products • Strengthening marketing activities to acquire new customers and new products • Strengthen the profitability of existing businesses. Digital Communication • Delay in the start of mass production of customers' next-generation products (1.6T optical transceivers) • New products for non-optical transceivers from new customers have been secured, but mass production is expected to begin in the second half of 2026.3 • Mass production of new products listed on the left is scheduled to begin in the 2nd half of 2026.3 • Start marketing in collaboration with a major laser (VCSEL) manufacturer. Energy Saving Solution • Sales of printer components, which were strong in 2025.3, decreased • Sales of automotive components decreased due to delays in the mass production of new products. • Drive low-noise, high-efficiency gear solutions that support automotive electrification. • Promote development of new products in the electric/electronics field
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Reference: 2026.3 Forecast for Capital Expenditures, Depreciation, R&D Copyright ©2025 ENPLAS CORPORATION, All rights reserved 15 2025.3 2026.3 2026.3 Results 1Q Results Full-year Capital expenditures 6,944 1,009 7,500 Long-Term/ Environmental Investment 3,872 19 3,800 Investment in Growth Area 1,213 118 2,200 Other Capital Expenditure 1,859 872 1,500 Depreciation 2,417 524 2,500 R&D 1,502 372 1,600 (Million yen) *Unchanged from the financial forecast as of April 30, 2025.
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Business Strategies Copyright ©2025 ENPLAS CORPORATION, All rights reserved 16
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Semiconductor Copyright ©2025 ENPLAS CORPORATION, All rights reserved 17 Business Strategies ① Increase marketing investments mainly in the United States to maximize business opportunities ② Strengthen specific technologies and aim to become a Value Champion in growing markets ➢ Growｔｈ markets： AI servers, general-purpose servers, mobile and automotive SoC ➢ Test Socket： Enter the next-generation semiconductor testing market ③ Build a supply chain that can flexibly respond to changes in the business environment ＜Sales＞ ＜Operating Income＞ (Million yen)(Million yen) 4,674 4,013 3,422 4,567 4,570 3,686 3,730 4,136 4,888 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 852 397 91 402 719 302 87 420 866 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2024.3 2025.3 2026.3 2024.3 2025.3 2026.3
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Life Science Copyright ©2025 ENPLAS CORPORATION, All rights reserved 18 ① Focus on liquid biopsy and cancer diagnosis devices ② Explore new markets with microfluidic chips ③ Expand existing customer networks ④ Provide added value through functional evaluation and fluid control technology ＜Sales＞ ＜Operating Income＞ (Million yen)(Million yen) Business Strategies -356 -324 -212 -258 115 80 -69 326 -10 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 608 651 593 513 766 704 638 944 516 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2024.3 2025.3 2026.3 2024.3 2025.3 2026.3
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Digital Communication Copyright ©2025 ENPLAS CORPORATION, All rights reserved 19 ① Create innovation in the VSR (Short-range communication) market ② Contribute to solving issues in large-scale data centers (heat, failure, compatibility) ③ Develop new applications and products in the Photoelectric Fusion and non-Optics fields through enhanced marketing ④ Provide new value (new functions, new products) to markets with future growth potentially (Network Solution, Display Solution) through the AI evolution ＜Sales＞ ＜Operating Income＞ (Million yen)(Million yen) Business Strategies 782 860 776 700 1,065 637 518 262 -43 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1,027 1,125 1,163 943 1,333 940 878 529 178 416 404 261 296 372 332 253 255 242 1,443 1,529 1,424 1,239 1,705 1,272 1,131 784 420 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Display Solution Network Solution 2024.3 2025.3 2026.3 2024.3 2025.3 2026.3
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Energy Saving Solution Copyright ©2025 ENPLAS CORPORATION, All rights reserved 20 ① Transform business model to aim for becoming the world's No. 1 Gear Solution Provider ② Create new customers’ value through the development of new products in the Electric/Electronics field ③ Strengthen profitability in existing businesses ＜Sales＞ ＜Operating Income＞ (Million yen)(Million yen) Business Strategies 2,989 3,289 3,313 3,530 3,558 3,436 3,604 3,398 3,173 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 133 271 282 247 253 179 192 195 92 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2024.3 2025.3 2026.3 2024.3 2025.3 2026.3
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Reference: Mid-term Management Plan Copyright ©2025 ENPLAS CORPORATION, All rights reserved 21 We announced our Mid-Term Management Plan on April 30, 2025. https://www.enplas.co.jp/english/ir/mt/ Deliver Value to Customer as a Solution Provider Slogan One Enplas for Growth Mid-Term Management Policy (2026.3 – 2028.3)
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Enplas Corporation 2026.3 First-Quarter Results https://www.enplas.co.jp/english/ Any statements in this presentation which are not historical are future projections based on certain assumptions and executive judgments drawn from currently available information. Please note that actual performance may vary significantly from any particular projection due to various factors. Factors affecting our actual performance include but are not limited to: (i) changes in economic conditions or demand trends related to Enplas’s business operations; (ii) fluctuation of foreign exchange rates or interest rates; and (iii) our ability to continue R&D, manufacturing and marketing in a timely manner in the electronics business sector, where technological innovations are rapid and new products are launched continuously. All the information in this document is the property of Enplas Corporation. All parties are prohibited, for whatever purpose,to copy, modify, reproduce, transmit, etc. this information regardless of ways and means without prior written permission of Enplas Corporation. The official version of this announcement was published in Japanese. An unofficial English translation is provided for the convenience of overseas investors. For any discrepancies between the Japanese and English versions, the Japanese version shall prevail. Copyright ©2025 ENPLAS CORPORATION, All rights reserved 22