Slides
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October 31, 2025 Supplementary Sheet for the 1st half of FY2025
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FY2024 FY2025 FY2025 Growth Difference \bn 1H Actual① 1H Plan➁ 1H Actual③ ③ー① ③－② Net Sales 2,247.8 2,260.0 2,373.5 +125.7 +113.5 Operating Profit 119.3 123.0 153.0 +33.7 +30.0 Share of profit of investments accounted for using equitymethod 17.0 11.2 (5.8) Interest expenses (15.9) (11.9) +4.0 Other Non-Operating Income/Expenses 1.3 3.3 +1.9 Ordinary Income 121.7 126.0 155.5 +33.8 +29.5 Extraodinary Income or Loss 0.9 2.6 +1.7 Profit before Income Taxes 122.6 158.1 +35.5 Taxes and Profit Attributable to Non-Controlling Interests (46.8) (60.2) (13.4) Profit Attributable to Owners of the Parent 75.8 75.0 97.9 +22.2 +22.9 -2- 1-1. FY2025 1st half results (PL) (＊)1H：1st half
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47.1 65.7 64.3 46.0 (11.4) 46.1 49.7 67.3 119.3 153.0 123.0 1,312.1 1,459.2 1,528.4 1,523.8 1,239.3 1,570.4 1,891.1 2,072.1 2,247.8 2,373.5 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY202５ OP OP rate Sales Plan 3.6% 4.5% 4.2% 3.0% (0.9%) 2.9% 2.6% 3.2% 5.3% 6.4% -3- 1-2. 1st half performance trends (＊)Record-high Sales, OP and OP rate in the 1st half （¥bn）
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Average rate 2024 1H 2025 1H USD 152.78 146.02 EUR 166.07 168.05 -4- Copper price 2024 1H 2025 1H \1497k/t \1461k/t 1-3. OP variation factors from FY2024 1st half to FY2025 1st half FY2024 1H Actual FY2025 1H Actual (%):OP Rate ¥119.3 bn (5.3%) Sales volume increase +44.0 Unit price/ Product mix (13.0) Prices of copper and materials (6.0) Cost structure improvement +27.0 Forex impact (4.0) Depreciation/ R&D and others (10.0) ¥153.0 bn (6.4%) Tariff impact (4.0)
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￥bn Sales OP Sales OP Sales OP Sales OP Sales OP Environment and Energy 516.4 31.5 520.0 24.0 536.0 34.5 +19.6 +2.9 +16.0 +10.5 Info- communications 103.6 4.9 130.0 20.0 135.4 22.1 +31.8 +17.2 +5.4 +2.1 Automotive 1,305.4 55.0 1,290.0 54.0 1,378.2 65.4 +72.8 +10.4 +88.2 +11.4 Electronics 191.5 18.2 190.0 15.0 197.3 18.0 +5.8 (0.2) +7.3 +3.0 Industrial Materials and Others 185.7 9.5 190.0 10.0 188.2 12.9 +2.6 +3.4 (1.8) +2.9 Total 2,247.8 119.3 2,260.0 123.0 2,373.5 153.0 +125.7 +33.7 +113.5 +30.0 ※Differences between the aggregate of all segments and Total are consolidated eliminations. FY2024 FY2025 Growth Difference 1H Actual① 1H Actual③ ③－① ③－② FY2025 1H Plan➁ -5- 1-4. Sales and OP by segment
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-6- Environment and Energy 【OP】25/1H : 34.5 billion yen (+2.9 billion yen from 24/1H) （＋）Increase in number of power cable, rectangular magnet wires for xEV （＋）Increase in sales of Nisshin Electric and Sumitomo Densetsu （＋）Copper price impact：Sales ¥ 3.5 bn （＋） OP ¥(2.6) bn 1-5. OP variation factors and performance trends by segment Left：Sales Right：OP（¥bn） （＋）Increase in volume of optical devices and connectors for data centers due to expansion of Generative AI Infocommunications 【OP】25/1H : 22.1 billion yen (+17.2 billion yen from 24/1H)
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-7- Automotive 【OP】25/1H : 65.4 billion yen (+10.4 billion yen from 24/1H) （＋）Steady demand for Wiring Harnesses and Sumitomo Riko （＋）Cost reduction through productivity improvement 1-5. OP variation factors and performance trends by segment Left：Sales Right：OP（¥bn） （＋）Steady Demand for FPCs for major customers （ー）Forex impact Electronics 【OP】25/1H : 18.0 billion yen ((0.2) billion yen from 24/1H)
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-8- 1-5. OP variation factors and performance trends by segment Left：Sales Right：OP（¥bn） （＋）Increase in sales of carbide products （＋）Cost improvement of sintered products Industrial Materials and Others 【OP】25/1H : 12.9 billion yen (+3.4 billion yen from 24/1H)
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-9- 1-6. BS as of FY2025 1st half end FY2024 FY2025 1H Difference FY2024 FY2025 1H Difference ￥bn Atual① Actual② ②－① ￥bn Actual① Actual② ②－① Cash and Time Deposits 295.9 280.6 (15.3) Trade Payables 473.8 489.6 +15.8 Trade Receivables 911.9 904.2 (7.8) Interest Bearing Debt 775.9 695.1 (80.8) Inventories 923.0 960.0 +37.0 Other 661.5 718.0 +56.6 Property, Plant and Equipment 1,121.8 1,152.3 +30.5 Total Liabilities 1,911.2 1,902.8 (8.4) Investment Securities 604.7 662.6 +57.9 Total Shareholders' Equity 1,862.9 1,916.3 +53.3 Other 584.2 567.5 (16.7) Total Accumulated Other Comprehensive Income 427.5 457.7 +30.2 Non-Controlling Interests 240.0 250.5 +10.4 Total Net Assets 2,530.4 2,624.4 +94.0 Total Assets 4,441.6 4,527.2 +85.6 Total Liabilities and Net Assets 4,441.6 4,527.2 +85.6
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FY2024 FY2025 Difference ￥bn 1H① 1H② ②－① Profit before Income Taxes 122.6 158.1 +35.5 Depreciation and Amortization 102.7 101.3 (1.3) Changes in Working Capital △3.9 5.6 +9.4 Other △65.0 △13.1 +52.0 156.3 251.9 +95.6 △104.9 △118.1 (13.2) 51.4 133.8 +82.5 △40.5 △151.7 (111.2) △4.2 3.6 +7.9 6.7 △14.2 (20.9) 275.0 280.3 +5.3 Increase(Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at the End of Year Cash Flows from Operating Activities Cash Flows from Investing Activities Free Cash Flow Cash Flows from Financing Activities Other -10- 1-7. Statement of Cash Flows
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FY2024 FY2025 FY2025 Growth Dfference \bn Actual① Previous Plan➁ Revised Plan③ ③－① ③－② Net Sales 4,679.8 4,600.0 4,750.0 +70.2 +150.0 Operating Profit 320.7 295.0 340.0 +19.3 +45.0 Ordinary Income 309.5 304.0 346.0 +36.5 +42.0 Profit Attributable to Owners of the Parent 193.8 205.0 230.0 +36.2 +25.0 Dividend(\/share) 97 100 118 (From 2Q) (2nd half) USD EUR Copper \153 \164 \1478k/t \140 \155 \1350k/t \140 \160 \1400k/t -11- 2-1. FY2025 forecasts (PL) Impact of U.S. tariffs revised to 10 billion yen in operating income losses from 30 billion yen (previous plan announced in July) The impact of the reorganization of listed subsidiaries announced on October 30 is not included in the above forecast.
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150.5 173.1 166.3 127.2 113.9 122.2 177.4 226.6 320.7 295.0 340.0 250.02,814.5 3,082.23,178.03,107.0 2,918.6 3,367.9 4,005.6 4,402.8 4,697.8 4,750.0 4,400.0 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 OP OP rate Sales FY2025 Plan Mid-Plan 25M 5.3% 5.6% 5.2% 4.1% 3.9% 3.6% 4.4% 5.1% 6.9% 7.2% 5.7% Previous Plan -12- 2-2. Full-year performance trends Exceeding mid-term plan, Aiming for record-high sales, OP and OP rate （¥bn）
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\bn Sales OP Sales OP Sales OP Sales OP Sales OP Environment and Energy 1,081.3 78.7 1,090.0 62.0 1,120.0 70.0 +38.7 (8.7) +30.0 +8.0 Info- communications 223.3 19.9 290.0 44.0 300.0 54.0 +76.7 +34.1 +10.0 +10.0 Automotive 2,734.7 172.4 2,590.0 140.0 2,710.0 162.0 (24.7) (10.4) +120.0 +22.0 Electronics 377.2 29.3 360.0 25.0 370.0 28.0 (7.2) (1.3) +10.0 +3.0 Industrial Materials and Others 372.7 20.6 390.0 24.0 390.0 26.0 +17.3 +5.4 0.0 +2.0 Total 4,679.8 320.7 4,600.0 295.0 4,750.0 340.0 +70.2 +19.3 +150.0 +45.0 ※Differences between the aggregate of all segments and Total are consolidated eliminations. FY2024 Difference Actual① Revised Plan③ ③－① ③－②Previous Plan➁ FY2025 FY2025 Growth -13- 2-3. Sales and OP by segment
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0.0% 5.0% 10.0% 15.0% 20.0% 25.0% FY2021 FY2022 FY2023 FY2024 FY2025 * The areas of the figures are proportional to sales Infocommunications Automotive Environment and Energy Industrial Materials and Others -14- 2-4. ROE and ROIC by segment Operating profit ROICI 4.5% 5.9% 7.2% 9.8% 10.2% Before-tax ROIC 5.8% 6.6% 7.6% 9.3% 10.4% ROEIII 5.7% 6.1% 7.3% 8.6% 9.8% 25M Plan 8% or more 8% or more * The figure below is OP ROIC trends
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Earnings per share (Yen) 154.29 151.38 93.24 72.25 123.49 144.45 191.98 248.47 294.90 Dividend Payout Ratio 29.8% 31.7% 42.9% 44.3% 40.5% 34.6% 40.1% 39.0% 40.0% （￥/share） 3. Dividend -15- 21 24 24 16 25 25 25 36 50 25 24 16 16 25 25 52 61 68 ¥46 ¥48 ¥40 ¥32 ¥50 ¥50 ¥77 ¥97 ¥118 0 20 40 60 80 100 120 140 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Intermediate dividend payment Year end dividend payment 50 50 ¥100 Previous Plan Proceeds from the transfer of Sumitomo Densetsu shares will be allocated to fund the full acquisition of Sumitomo Riko. Dividends will be paid based on a payout ratio of approximately 40% of profits from ordinary operations, excluding Densetsu capital gains.
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-16- (Reference) 1st half Sales and OP line:Sales bar:OP （¥bn）
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-17- (Reference) Full-year Sales and OPline:Sales bar:OP （¥bn）
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-18- Notes on Perspective Information
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