Interim report
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Note: This document has been translated from 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. September 4, 2026 Consolidated Financial Results for the Nine Months Ended July 31, 2026 (Under Japanese GAAP) Company name: HI-LEX CORPORATION Listing: Tokyo Stock Exchange Securities code: 7279 URL: https://www.hi-lex.co.jp/ Representative: Taro Teraura, President and Representative Director Inquiries: Makoto Okumura, Senior Executive Managing Officer, General Manager of Administration Headquarters Telephone: +81-797-85-2500 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the nine months ended July 31, 2026 (from November 1, 2025 to July 31, 2026) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % July 31, 2026 320,556 40.8 3,882 23.1 8,032 36.9 40,842 － July 31, 2025 227,679 (3.3) 3,152 141.5 5,866 93.0 3,401 (13.5) Note: Comprehensive income For the nine months ended July 31, 2026: ¥47,737 million [613.2%] For the nine months ended July 31, 2025: ¥6,693 million [ (43.8) %] Basic earnings per share Diluted earnings per share Nine months ended Yen Yen July 31, 2026 1,105.08 1,104.73 July 31, 2025 90.67 90.64 (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % July 31, 2026 363,495 236,117 59.5 October 31, 2025 276,997 191,692 63.2 Reference: Equity As of July 31, 2026: ¥216,122 million As of October 31, 2025: ¥175,124 million
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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 October 31, 2025 － 23.00 － 23.00 46.00 Fiscal year ending October 31, 2026 － 53.50 － Fiscal year ending October 31, 2026 (Forecast) 26.50 80.00 Note: Revisions to the forecast of cash dividends most recently announced: None 3. Forecast of consolidated financial results for the year ending October 31, 2026 (from November 1, 2025 to October 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 Full year 401,000 31.9 5,400 59.2 7,400 1.8 36,850 337.7 996.89 Note: Revisions to the forecast of financial results most recently announced: None
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* Notes (1) Significant changes in the scope of consolidation during the period: Yes Newly included: 9 companies (Hi-Lex ACT Corporation/GECOM Corp./HI-LEX ACT Mexicana, S.A. de C.V ./HI-LEX ACT Components Guangdong Ltd./Wuxi Dachong Industry Co., Ltd./HI- LEX ACT RAYONG (THAILAND) CO., LTD./HI-LEX ACT INDIA PVT. LTD./PT. HI- LEX ACT WEST JA V A INDONESIA/HI-LEX ACT Tanger Maroc SARL) Excluded: - companies (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 (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 July 31, 2026 38,216,759 shares As of October 31, 2025 38,216,759 shares (ii) Number of treasury shares at the end of the period As of July 31, 2026 1,383,902 shares As of October 31, 2025 1,251,699 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Nine months ended July 31, 2026 36,958,581 Shares Nine months ended July 31, 2025 37,519,277 Shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Proper use of earnings forecasts, and other special matters The forecasts included in this document are based on the information that we have obtained at the time of disclosure. Actual results may differ from the forecasts due to various factors in the future. * How to obtain supplementary financial results material on financial results We plan to post supplementary financial results on our website on September 4, 2026.
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Contents 1. Quarterly Consolidated Financial Statements・・・・・・・・・・・・・・・・・・・・ 1 (1) Quarterly Consolidated Balance Sheets・・・・・・・・・・・・・・・・・・・・・ 1 (2) Quarterly Consolidated Statements of Income and Comprehensive Income・・・・・・・ 3
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1 1. Quarterly Consolidated Financial Statements (1) Quarterly Consolidated Balance Sheets (Millions of yen) As of October 31, 2025 As of July 31, 2026 Assets Current assets Cash and deposits 57,666 73,846 Notes and accounts receivable - trade 47,800 68,354 Electronically recorded monetary claims - operating 1,732 2,078 Securities 5,116 6,787 Merchandise and finished goods 12,582 16,803 Work in process 5,152 6,614 Raw materials and supplies 19,987 32,531 Other 7,341 18,144 Allowance for doubtful accounts (825) (1,128) Total current assets 156,554 224,033 Non-current assets Property, plant and equipment Buildings and structures, net 19,493 26,056 Machinery, equipment and vehicles, net 22,535 33,946 Tools, furniture and fixtures, net 2,489 6,549 Land 9,023 11,048 Construction in progress 5,606 6,631 Other, net 3,072 4,372 Total property, plant and equipment 62,220 88,604 Intangible assets Goodwill 932 809 Other 2,634 3,431 Total intangible assets 3,566 4,240 Investments and other assets Investment securities 43,724 32,300 Long-term loans receivable 965 1,121 Retirement benefit asset 1,033 2,787 Deferred tax assets 6,176 7,306 Other 4,899 5,459 Allowance for doubtful accounts (2,146) (2,359) Total investments and other assets 54,654 46,616 Total non-current assets 120,441 139,462 Deferred assets 1 0 Total assets 276,997 363,495
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2 (Millions of yen) As of October 31, 2025 As of July 31, 2026 Liabilities Current liabilities Notes and accounts payable - trade 38,689 48,315 Short-term borrowings 7,491 22,295 Current portion of long-term borrowings 436 409 Income taxes payable 3,243 2,988 Contract liabilities 1,844 2,621 Provision for bonuses 2,224 2,541 Provision for bonuses for directors (and other officers) 7 16 Provision for product warranties 3,129 3,563 Other 15,168 25,882 Total current liabilities 72,237 108,634 Non-current liabilities Long-term borrowings 1,012 806 Deferred tax liabilities 7,456 7,521 Retirement benefit liability 2,349 7,104 Other 2,248 3,310 Total non-current liabilities 13,066 18,743 Total liabilities 85,304 127,377 Net assets Shareholders' equity Share capital 5,657 5,657 Capital surplus 7,843 7,243 Retained earnings 124,391 162,405 Treasury shares (2,693) (2,982) Total shareholders' equity 135,197 172,323 Accumulated other comprehensive income Valuation difference on available -for-sale securities 22,302 14,719 Foreign currency translation adjustment 18,039 29,493 Remeasurements of defined benefit plans (414) (413) Total accumulated other comprehensive income 39,926 43,798 Share acquisition rights 20 20 Non-controlling interests 16,548 19,974 Total net assets 191,692 236,117 Total liabilities and net assets 276,997 363,495
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3 (2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income (Millions of yen) Nine months ended July 31, 2025 Nine months ended July 31 2026 Net sales 227,679 320,556 Cost of sales 201,898 281,628 Gross profit 25,781 38,928 Selling, general and administrative expenses 22,628 35,045 Operating profit 3,152 3,882 Non-operating income Interest income 561 599 Dividend income 1,145 1,608 Share of profit of entities accounted for using equity method 164 349 Foreign exchange gains 326 1,111 Revenue from electric power sales 63 68 Other 1,182 1,508 Total non-operating income 3,442 5,245 Non-operating expenses Interest expenses 284 648 Expense of electric power sales 25 30 Other 418 415 Total non-operating expenses 728 1,094 Ordinary profit 5,866 8,032 Extraordinary income Gain on sale of non-current assets 40 168 Gain on change in equity － 681 Gain on sale of investment securities － 13,931 Gain on bargain purchase － 28,308 Reversal of allowance for doubtful accounts 15 6 Reversal of provision for product warranties 1,090 507 Insurance claim income － 85 Total extraordinary income 1,146 43,689 Extraordinary losses Loss on sale of non-current assets 111 117 Impairment losses － 111 Loss on retirement of non-current assets 39 265 Loss on tax purpose reduction entry of non - current assets 6 － Loss on liquidation of subsidiaries and associates 190 － Provision of allowance for doubtful accounts 188 182 Extra retirement payments 379 132 Total extraordinary losses 916 809 Profit before income taxes 6,096 50,912 Income taxes – current 1,207 4,882 Income taxes – deferred 596 4,213 Total income taxes 1,804 9,095 Profit 4,291 41,817 Profit attributable to non-controlling interests 889 974 Profit attributable to owners of parent 3,401 40,842
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4 Quarterly Consolidated Statements of Comprehensive Income (Millions of yen) Nine months ended July 31, 2025 Nine months ended July 31, 2026 Profit 4,291 41,817 Other comprehensive income Valuation difference on avail able-for-sale securities 3,120 (7,576) Foreign currency translation adjustment (686) 13,434 Remeasurements of defined benefit plans, net of tax 22 (8) Share of other comprehensive income of entities accounted for using equity method (55) 71 Total other comprehensive income 2,401 5,920 Comprehensive income 6,693 47,737 Comprehensive income attributable to Comprehensive income attributable to owners of parent 6,039 44,714 Comprehensive income attributable to non - controlling interests 653 3,023