Slide 1: FY2026 Financial Results (January-June)
FY2026 Financial Results (January-June) Challenge for Change Carbon Neutral×DX Strategy EPCO Co., Ltd. Securities Code : 2311 Aug 7, 2026
Slide 2: FY2026 Q2 Executive Summary
FY2026 Q2 ｜ Executive Summary Consolidated Sales increased driven by Maintenance Results (YoY) Service, ordinary profit also grew Progress The company announced a revised full-year Against the forecast on July 27 since the operating profit Forecast had exceed the initial forecast E N E ’s Continuous
Slide 3: Agenda
01. FY2026 Q2 Results 02. FY2026 Q2 Topics Challenge for Change Carbon Neutral× DX Strategy 03. Shareholder Returns 04. Appendix.
Slide 4: Consolidated Results Summary (YoY)
FY2026 Q2 ｜ Consolidated Results Summary (YoY) Excluding the sales profit of securities, sales, ordinary profit, net profit are all on track to exceed the previous fiscal year. FY25 FY26 （JPY Million） Changes Ratio Q2Results Q2Results Net Sales 3,351 3,446 +94 +2.8% Ordinary Profit 235 251 +15 +6.4%
Slide 5: Consolidated Results by Segments Highlights
FY2026 Q2 ｜ Consolidated Results by Segments Highlights Ordinary Net Sales Profit （JPY Million） （YoY） （YoY） FY2026 Q2 3,446 251 Maintenance service drove overall growth Results +2.8% +6.4％ leading to increased sales and profits ENE’s decreased in profit due to measures Renewable 1,350 157 taken to p
Slide 6: Consolidated Ordinary Profit by Segment
FY2026 Q2 ｜ Consolidated Ordinary Profit by Segment Driven by a significant increase in profit of maintenance service, increased 6.4% overall compare with previous year. 800 450 EPCO Group Consolidated Ordinary Profit （JPY Million） 400 251 600 ＋6.4% 235 350 +103 Design 400 154 -17.9% 300 188 -33 251
Slide 7: Renewable Energy Solutions Ordinary Profit
FY2026 Q2 ｜ Renewable Energy Solutions Ordinary Profit ENE’s profits are expected to decrease due to increased costs associated with restructuring to prepare for future growth in orders, but profits are expected to grow in the second half of the year. TEPCO Home Tech (THT) reported to decrease in pr
Slide 8: Maintenance Service Ordinary Profit
FY2026 Q2 ｜ Maintenance Service Ordinary Profit Stable operation of outsourced services through a BCP framework spanning three locations: Okinawa, Kanazawa, and Tokyo. In addition to growth in both existing and new outsourced contracts, operational efficiency has improved through the use of AI and d
Slide 9: Design Service Ordinary Profit
FY2026 Q2 ｜ Design Service Ordinary Profit Sales and profits declined due to a slump in the housing market, a decrease in contracts for EV charger-related services, and rising costs in China caused by the exchange rate. The company aims to recover sales and profits by improving productivity and expa
Slide 10: Progress Toward Full-Year Forecast
FY2026 Q2 ｜ Progress Toward Full-Year Forecast In Q2, while ENE’s operating profit from maintenance services and renewable energy services exceeded the forecast, THT’s equity in earnings from renewable energy services fell short and resulting in net profit fell short of the target. Q2 Forecast 47% ▼
Slide 11: Revision of the Amount of Full-year Forecast
FY2026 Q2 ｜ Revision of the Amount of Full-year Forecast Upward revision of net sales, operating profits, and ordinary profits for the Fiscal Year Ending December 2026 (Full Year) Profit Operating Ordinary attributable Earnings Per Share （JPY Million） Net Sales to Net Income Profit Profit owners of
Slide 12: Revision of the Full-year Forecast by Segments
FY2026 Q2 ｜ Revision of the Full-year Forecast by Segments While renewable energy and maintenance services are expected to exceed initial forecast, the outlook for design services remains conservative. FY26 FY26 （JPY Million） Changes Ratio （Initial） （Revised） Net Sales（Consolidated） 6,680 7,215 ＋534
Slide 13: Revision of the Full-year Forecast by Segments
FY2026 Q2 ｜ Revision of the Full-year Forecast by Segments Sales from renewable energy services (ENE’s) and maintenance services are expected to grow further, with overall sales forecast to increase by 7.5 percent. 800 Profit Gain /Loss Factors EPCO Group Consolidated Ordinary Profit （JPY Million） ■
Slide 14: Consolidated Net Sales Breakdown
FY2026 Q2 ｜ （Reference）Consolidated Net Sales Breakdown FY25 Q2 FY26 Q2 （JPY Million） Changes Ratio Results Results Net Sales 3,351 3,446 +94 +2.8% （Consolidated） Renewable Energy 1,313 1,350 +37 +2.8% Maintenance 921 1,043 +121 +13.2% Design 1,116 1,051 -64 -5.8% COPYRIGHT EPCO Co., Ltd. ALL RIGHT
Slide 15: Consolidated Ordinary Profit Breakdown
FY2026 Q2 ｜（Reference）Consolidated Ordinary Profit Breakdown FY25 Q2 FY26 Q2 （JPY Million） Results Results Changes Ratio Ordinary Profit 235 251 +15 +6.4% （Consolidated） Renewable Energy 163 157 -6 -4.0% ENE’ｓ 166 124 -41 -25.2% TEPCO HomeTech 51 37 -13 -26.1% Others -53 -4 +48 - Maintenance 106 210
Slide 16: Agenda
01. FY2026 Q2 Results 02. FY2026 Q2 Topics Challenge for Change Carbon Neutral× DX Strategy 03. Shareholder Returns 04. Appendix.
Slide 17: Renewable Energy Solutions TEPCO HomeTech
FY2026 Q2 ｜ Renewable Energy Solutions TEPCO HomeTech Although sales for existing house declined due to changes in the competitive environment, overall sales increased with higher sales for new construction. Profitability declined due to higher lease rates resulting from rising interest rates and in
Slide 18: Renewable Energy Solutions TEPCO HomeTech
FY2026 Q2 ｜ Renewable Energy Solutions TEPCO HomeTech Due to changes in the competitive environment for both new and existing houses, contract values decreased compared to the previous year. We aim to recover by expanding orders through the launch of new products, such as slim solar panels, and by s
Slide 19: Renewable Energy Solutions ENE's
FY2026 Q2 ｜ Renewable Energy Solutions ENE’s Sales increased slightly due to steady orders from THT, as well as continued large-scale projects from major housing companies. On the other hand, ordinary profit decreased due to planned increases in expenses, such as the hiring of construction managemen
Slide 20: Renewable Energy Solutions ENE's
FY2026 Q2 ｜ Renewable Energy Solutions ENE’s In addition to the continuous orders of large-scale projects, the company expects sales to grow—including the impact of organizational restructuring costs—driven by new orders for the installation of residential storage battery systems for low-voltage dem
Slide 21: Human Capital
FY2026 Q2 ｜ Human Capital Focusing on strengthening investment in human capital in growth businesses and promoting diversity and innovation Transforming the Talent Portfolio Promoting diversity and innovation Promoting the Acquisition of the Class 2 Electrician License Certification from the Ministr
Slide 22: Agenda
01. FY2026 Q2 Results 02. FY2026 Q2 Topics 03. Shareholder Returns Challenge for Change Carbon Neutral× DX Strategy 04. Appendix.
Slide 23: Shareholder Returns: Dividend Policy
Shareholder Returns ｜ 1.Dividend Policy We will maintain our progressive dividend policy, under which we have not reduced dividends in the 23 years since listing（Stable profit sharing based on a consolidated dividend payout ratio of 50% and dividend on equity ratio (DOE) of 8%.） （in JPY） Anniversary
Slide 24: Shareholder Returns: Lottery Style Shareholder Benefit Plan
Shareholder Returns ｜ 2. Lottery Style Shareholder Benefit Plan Starting from the second half of 2025, in addition to Category A, which provides free installation of renewable energy equipment worth JPY 1 million, a new Category B offering easy-to-use equipment worth 150,000 yen was introduced, expa
Slide 25: Shareholder Returns: Shareholder Benefit Plan Application Status
Shareholder Returns ｜ 3. Shareholder Benefit Plan Application Status Both the number of applications and the application rate have increased, reaching a record-breaking number for the second half of 2025. Applicants Ratio 54.9% 46.2% 46.5% 41.2% 43.2% 38.9% 5,569 34.8% 4,363 21.8% 3,824 3,181 2,598
Slide 26: Agenda
01. FY2026 Q2 Results 02. FY2026 Q2 Topics 03. Shareholder Returns Challenge for Change Carbon Neutral× DX Strategy 04. Appendix.
Slide 27: Company Overview
Company Overview Management Philosophy Name EPCO Co., Ltd （Energy Plan Company） We pursue the happiness of our passionate employees and their family. 12F, OLINAS Tower, 4-1-3 Taihei, Sumida-ku, Head Office Purpose of our existence is to reduce social problems and contribute human’s lives. Tokyo, 130
Slide 28: EPCO Group
EPCO Group Design Maintenance EPCO Co., Ltd. （Tokyo/Okinawa/Ishikawa） Renewable Renewable Energy Energy EPCO(HK)LIMITED ENE’s Co., Ltd. TEPCO HomeTech Inc. （Asia HQ) （Renewable Energy Facilities） （Joint venture with TEPCO EP) Renewable Renewable Design Energy Energy EPCO Construction and Facility Gu
Slide 29: EPCO Group Profit and Loss Structure
（Reference）EPCO Group Profit and Loss Structure The EPCO Group management style is a group structure (group management) that actively utilizes joint ventures. All equity in earnings of joint ventures is included in ordinary profit of "Renewable Energy Services". EPCO Subsidiary（100%） Design Maintena
Slide 30: TEPCO HomeTech General Information
（Reference）TEPCO HomeTech General Information 会社概要 Company Information 主な事業内容 Main Business ■Residence facility fixed-rate subscription service ”Enecari” Name TEPCO HomeTech, Inc. ■Sales and installation of home equipment such as solar power, storage batteries, EV charger, Eco-Cute, etc. Establishme
Slide 31: ENE's General Information
（Reference）ENE’s General Information Company Information Main Business ■Installation of solar power system Name ENE’s Co., Ltd. ■Equipment work of all-electric housing ■Installation of storage battery system Establishment November 22, 2001 Storage Battery Representative President Atsushi Tsuchiya Ca
Slide 32: EPCO Group History
EPCO Group History 2023 Transferred to the Tokyo Stock Exchange Standard Market. Established BANHAO EPCO (SZ)LIMITED (Reform joint venture with CHINA LESSO group and EPCO SZ） 2022 Transferred from the First Section of the Tokyo Stock Exchange to the Prime Market Opened Kanazawa Operation center Esta
Slide 33: Future State of EPCO Group (2030)
Future State of EPCO Group (2030) We are committed to solving social issues through our business and contributing to the protection of global environment and a secure life. • Contributing to diffuse renewable energy solutions Social Issues • Contributing to train construction personnel Renewable Glo
Slide 34: Mid-term Management Plan Target
Mid-term Management Plan Target We aim to expand our business in the renewable energy sector and drive operational transformation in the housing sector, thereby increasing revenue and improving profit margins 40 th Anniversary Mid-term 2024 2027 Vision 2030 1st Phase 2025-2027 2nd Phase 2028-2030 Mi
Slide 35: Performance Target by Business Segment
Performance Target by Business Segment Setting performance targets for each segment based on the external environment and our medium- to long-term business strategy 【By segment Fy2026 Net Sales and Ordinary Profit Target】 Net Sales by FY2024 Results FY2025 Results FY2026 Forecast FY2027 Target 3-yea
Slide 36: EPCO Group Business Introduction
EPCO Group Business Introduction Renewable Energy Design Providing solutions to increase the A total design service to provide energy efficiency of housing to housing and renewable energy facility contribute a decarbonized society. design related to utilities of house. Net Sales JPY 2.1 billion Net
Slide 37: Strength of EPCO Group
Strength of EPCO Group Design Maintenance Construction Assign 400ppl Assign 300ppl Assign 150ppl (China/Okinawa/Tokyo) (Okinawa/Kanazawa/Tokyo) (THT/ENE’s) Operation Know-How Sound Financial Position Operation Supply • Facility design/quantity survey Capital Adequacy Ratio Capability Over 80% • Main
Slide 38: Financial Condition (As of end of June 2026)
Financial Condition（As of end of June 2026） We secure sufficient cash and deposits to fund future investments while maintaining a high level of financial soundness, with an equity ratio of 85 percent. （JPY Million） Current Liabilities 722 Non-current Liabilities 89 Debt 0 Current Assets Cash and cas
Slide 39: Financial Strategy (Cash Allocation)
Financial Strategy（Cash Allocation） The company plans to pursue both sustainable growth and improved capital efficiency by investing in digital transformation (DX) and M&A onward, while also implementing proactive shareholder returns. Cash-IN Cash-OUT （2025-2027） （2025-2027） ・To achieve our targets
Slide 40: Core Business of EPCO Group: General View
Core Business of EPCO Group ｜ General View Since its founding in 1990, the EPCO Group has established three core businesses (design, maintenance, and renewable energy solutions)and these become a stable revenue base. Order Housing Company Construction Company Design Fee Commission Maintenance 1990-
Slide 41: Core Business of EPCO Group: Design
Core Business of EPCO Group ｜ Design ⚫ One of Japan's largest design organization to support the supply chain of house builder（About 400 designer） ⚫ Design performance is approx. 100,000 unit/year in residential field. (Market share of new low-rise residence is 14%) Order Selling Construction House
Slide 42: Core Business of EPCO Group: Maintenance
Core Business of EPCO Group ｜ Maintenance ⚫ 24/7 call center network to support maintenance service of house builder（About 300 operators） ⚫ Approx. 667,000 cases of maintenance request received annually. (Managing 1.75mil. household nationwide） Payment Communicate Housing Company（Existing House） Aff
Slide 43: Core Business of EPCO Group: Renewable Energy Solutions
Core Business of EPCO Group ｜ Renewable Energy Solutions (TEPCO HomeTech) ⚫ TEPCO HomeTech is joint venture with TEPCO Energy Partner, Inc. ⚫ Subscription service of renewable energy facilities leasing (Flat-rate usage with zero initial cost) has been adopted and increased in major housing companies
Slide 44: Transition of Consolidated Results
Transition of Consolidated Results （JPY Million） 7,000 Consolidated Net Profit(right) Consolidated Sales(left) 1200 6,000 1000 5,000 800 4,000 600 3,000 400 2,000 200 1,000 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Jan
Slide 45: Consolidated Numbers of Employee
Consolidated Numbers of Employee (Head Count) 1,000 Tokyo Northern-Kanto Okinawa Ishikawa SZ/HK Jilin 846 782 785 768 782 770 796 800 743 692 657 620 576 574 600 548 498 438 400 312 328 334 241 200 179 74 84 57 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2012 2013 2014 2015 2016 2017 2018 20
Slide 46: Shareholder Returns: Financial Strategy (ROE)
Shareholder Returns ｜ 4.Financial Strategy（Key management indicator : ROE） Our five-year average ROE stands at 10.3%, and we are targeting 14.5% in FY2027 through steady execution of our mid-term management plan. To improve capital efficiency, we will pursue active shareholder returns guided by 50%
Slide 47: IR Schedule 2026 (Planned)
IR Schedule 2026（Planned） Q1 Q2 Q3 Q4 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Financial Result General Q1 Result Q2 Result Q3 Result Announce Meeting Announce Announce Announce 2026 Feb. 12 Thu FY2025 Financial results announcement Aug. 7 Fri FY2026 Q2 results announcement Feb. 27 Fri FY2025
Slide 48: IR and Contact Information
IR and Contact Information IR Website https://www.epco.co.jp/ir/ IR information E-mail https://www.epco.co.jp/ir/mail distribution service ENGLISH（IR） https://www.irstreet.com/new/en/brand/index.php?brand=159 Contact Us https://www.epco.co.jp/contact COPYRIGHT EPCO Co., Ltd. ALL RIGHT RESERVED. 48
Slide 49: Disclaimer
Disclaimer The performance outlook on the materials are based on the information available and certain assumption that are considered reasonable. Actual results may differ significantly from the forecast due to various factors. Therefore, the Company does not guarantee its certainty.