Slides
Page 1
FY2025 Third Quarter Financial Results February 5, 2026 MARUWA Co., LTD.（5344） Disclaimer This material is not aimed at recommending any investment. There are forward-looking statements based on current assumptions. Actual results may differ by changes of the environment.
Page 2
FY2025 3Q(Apr.~Dec.) Increase/Decrease from last year FY2024 3Q(Apr.~Dec.) Net sales 52,225 △1.7% 53,141 Operating profit 17,124 △13.2% 19,734 Ordinary profit 18,029 △10.0% 20,034 Net profit 12,332 △11.7% 13,965 🄫🄫 2026 MARUWA CO., LTD. １．Overview （Unit: Million; Currency: YEN）
Page 3
２．Quarterly consolidated operating results In 3Q, the automobile- and semiconductor-related businesses recovered from weak first-half market conditions, showing steady progress. In 4Q, a significant increase in production for next-generation high-speed communication is expected to drive the highest quarterly performance on record. （Unit: Million; Currency: YEN） FY23 1Q 2Q 3Q 4Q FY24 1Q 2Q 3Q 4Q FY25 1Q 2Q 3Q Net sales 12,722 15,341 16,962 16,537 16,243 18,579 18,319 18,708 17,256 15,859 19,110 Operating profit 3,530 5,118 5,744 5,408 5,640 7,148 6,944 7,179 6,002 4,841 6,281 Operating profit (%) 27.7% 33.4% 33.9% 32.7% 34.7% 38.5% 37.9% 38.4% 34.8% 30.5% 32.9% 0% 10% 20% 30% 40% 50% 0 5,000 10,000 15,000 20,000 25,000 30,000 FY23 FY24 FY25 🄫🄫 2026 MARUWA CO., LTD.
Page 4
37.8% 21.6% 14.1% 12.4% 14.1% 41.4% 18.8% 13.6% 10.5% 15.7% Tele- communication Automobile Semiconductor Industrial equipment Lighting FY2025 3Q(Oct.~Dec.) YoY FY2024 3Q Tele- communication 79 ＋13% 70 Automobile 36 △10% 40 Semiconductor 26 ±0% 26 Industrial equipment 20 △13% 23 Lighting 30 ＋15% 26 FY2024 3Q FY2025 3Q ■By market■Sales amount by market 🄫🄫 2026 MARUWA CO., LTD. ３．Sales breakdown by market Tele-communication：Demand for next-generation high-speed communication remains at a high level. Automobile：Inventory adjustments for new energy vehicles have been completed, and the business is entering a recovery phase. Semiconductor：Demand related to generative AI continues to be strong, and general-purpose memory is steadily recovering. ※ The above figures are preliminary. Amounts are rounded to the nearest 100 million. （Unit: 100 million; Currency: YEN）
Page 5
Market Trends Tele- communication ・The significant increase in production for next-generation high-speed communication from 4Q is progressing smoothly (launch of the successor model). ・End-user demand has further strengthened, and we expect continued growth in the next fiscal year. Automobile ・Inventory adjustments for new energy vehicles have been completed, marking a recovery phase. ・From the next fiscal year, the business is expected to return to a growth phase, while continuing to strengthen profitability through automation and yield improvement. Semiconductor ・Demand related to generative AI remains strong, and high-purity SiC products are expanding from the second half of the fiscal year. ・General-purpose memory is steadily recovering, with production ramp-up for full recovery next fiscal year. Industrial equipment ・Demand for power modules has slowed due to market conditions. ・Demand for new medical-related products is increasing. Lighting ・High-end lighting products continue to perform steadily, supported by increasing LED demand from Japan’s 2027 policy to phase out fluorescent lamp production and the expansion of the high-end new condominium market in metropolitan areas. 🄫🄫 2026 MARUWA CO., LTD. ５．Outlook for Future（Market trends・Internal condition）
Page 6
0 4,000 8,000 12,000 16,000 20,000 24,000 FY20 FY21 FY22 FY23 FY24 FY25 After FY26 ■Capital investment ■Depreciation 【Capital investment】 【Depreciation】 【Depreciation/Year and sales amount】 🄫🄫 2026 MARUWA CO., LTD. ６．Capital investment・Depreciation （Unit: Million; Currency: YEN） Investment to increase Investment in new plants and building for mid to long- term growth, and focusing on investment to improve productivity. The new factory plan is all on schedule. Steadily lead to improved competitiveness and productivity. 0.0% 10.0% 20.0% 30.0% 40.0% 0 2,000 4,000 6,000 8,000 FY20 FY21 FY22 FY23 FY24 FY25 Depreciation Percentage of sales Current term (estimated) JPY 20 billion Current term (estimated) JPY 5.5 billion New facility operations will be adjusted flexibly based on market conditions.
Page 7
🄫🄫 2026 MARUWA CO., LTD.