Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (20260512financial summary)

May 12, 2026

Listed Company Name ALSOK CO., LTD. TSE Stock Market Code No.: 2331 URL https://www.alsok.co.jp/

Representative (Title) Representative Director, Group COO (Name) Ikuji Kayaki

Financial and accounting: (Title) Director and Senior Executive Officer (Name) Kazuhide Shigemi TEL +81-3-3470-6811

Ordinary general shareholders' meeting date June 24, 2026 Cash dividend payment start date

June 25, 2026

Securities report submission date June 19, 2026

Preparation of supplementary briefing materials on financial results: Yes Holding of results briefing: Yes(For institutional investors and analysts)

(Millions of yen, rounded down to the nearest million)

1. Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

   (1) Consolidated operating results (Percentages indicate increase or decrease from the same quarter of the preceding fiscal year)

   	Net sales		Operating income		Ordinary income		Profit attributable to owners of parent
   Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   March 31, 2026	597,026	8.2	46,919	16.7	49,913	15.8	33,262	22.7
   March 31, 2025	551,881	5.8	40,201	5.6	43,107	4.7	27,105	1.8

   Note: Comprehensive income Fiscal year ended March 31, 2026 ¥60,430 million 146.1%

   Fiscal year ended March 31, 2025 ¥24,550 million (55.4%)

   	Net income per share	Diluted net income per share	ROE (Net income to equity)	Ordinary income to total assets	Operating income to sales
   Fiscal year ended	Yen	Yen	%	%	%
   March 31, 2026	68.49	-	9.2	8.0	7.9
   March 31, 2025	55.41	-	7.9	7.5	7.3

   Reference: Equity in earnings of affiliates	Fiscal year ended March 31, 2026	¥2,842 million
   (2) Consolidated financial position	Fiscal year ended March 31, 2025	¥2,134 million

   	Total assets	Net assets	Equity ratio	Net assets per share
   Fiscal year ended	Millions of yen	Millions of yen	%	Yen
   March 31, 2026	675,024	426,941	56.8	789.42
   March 31, 2025	572,402	376,000	59.1	697.96

   Reference: Equity capital Fiscal year ended March 31, 2026 ¥383,634 million

   Fiscal year ended March 31, 2025 ¥338,433 million

   (3) Consolidated cash flows

   	Net cash provided by (used in) operating activities	Net cash provided by (used in) investing activities	Net cash provided by (used in) financing activities	Cash and cash equivalents at the end of the period
   Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
   March 31, 2026	53,786	(39,212)	(7,751)	66,814
   March 31, 2025	42,647	(15,550)	(36,309)	60,018

2. Dividend

   	Dividend per share					Total dividends (Annual) (Total)	Consolidated payout ratio (Consolidated)	Consolidated dividends to net assets
   	End of 1Q	End of 2Q	End of 3Q	Year-end	Total
   Fiscal year ended March 31, 2025 Fiscal year ended March 31, 2026	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   	- -	12.40 14.60	- -	13.40 14.60	25.80 29.20	12,513 14,193	46.6 42.6	3.7 3.9
   Fiscal year ending March 31, 2027 (Forecast)	-	16.50	-	16.50	33.00		43.0

   Detail of year-end dividend as of March 31, 2025: Ordinary dividend ¥12.40 Commemorative dividend ¥1.00

3. Forecast for consolidated financial results for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Figures rounded down to the nearest million)

* Notes

1. Changes in consolidated subsidiaries (changes in scope of consolidation): Yes Newly included: 4 (company name) ALSOK Miyazaki CO., LTD.,

   Okinawa Building Maintenance Co., Ltd. and its subsidiary and Heiwa Kanzai Co., Ltd

   Excluded: 2 (company name) ALSOK KANTO DELIVERY CO., LTD. and

   ALSOK LIFE SUPPORT CO., LTD.

2. Changes in accounting policies, changes in accounting estimates, and restatement

   ① Changes in accounting policies arising from revision of accounting standards ：No

   ② Changes arising from other factors ：No

   ③ Changes arising from accounting estimate：No

   ④ Restatement ：No

   Fiscal year ended March 31, 2026	510,200,210shares	Fiscal year ended March 31, 2025	510,200,210shares
   Fiscal year ended March 31, 2026	24,228,887shares	Fiscal year ended March 31, 2025	25,313,325shares
   Fiscal year ended March 31, 2026	485,662,890shares	Fiscal year ended March 31, 2025	489,214,507shares

3. Number of shares outstanding (ordinary shares)

①Number of shares issued (including treasury stock)

②Number of shares of treasury stock

③Average number of shares throughout the fiscal year

[Reference] Non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 - March 31, 2026)

   1. Non-consolidated operating results (Figures rounded down to the nearest million)

      	Net sales		Operating income		Ordinary income		Net income
      Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      March 31, 2026	271,575	6.3	19,440	21.6	35,527	17.0	27,126	10.4
      March 31, 2025	255,573	(0.4)	15,992	(9.9)	30,359	(6.2)	24,570	(4.8)

      	Net income per share	Diluted net income per share
      Fiscal year ended	Yen	Yen
      March 31, 2026	55.84	-
      March 31, 2025	50.21	-

   2. Non-consolidated financial conditions

Reference: Equity capital Fiscal year ended March 31, 2026 ¥275,597 million

Fiscal year ended March 31, 2025 ¥257,571 million

• This summary of financial results falls outside the scope of review of certified public accountants and accounting auditors.

• Explanation of Appropriate Use of Forecasts and Other Notes (Cautionary statement regarding forward-looking statements, etc.)

The forward-looking statements such as operational forecasts contained in this summary of financial results are based on the information currently available to the Company and certain assumptions which are regarded as legitimate, and the Company does not promise the achievement of these results. Actual results may differ significantly from these forecasts due to various factors.

(Change of Company Name)

On July 16, 2025, we changed our company name from "SOHGO SECURITY SERVICES CO., LTD." to "ALSOK CO., LTD."

４．Consolidated Financial Statements and Significant Notes

1. Consolidated Balance Sheets

   (Millions of yen)

   As of March 31, 2025 As of March 31, 2026

   Assets
   Current assets
   Cash and deposits	68,669	77,759
   Cash for transportation security services	81,557	88,376
   Notes and accounts receivable - trade, and contract assets	69,716	73,169
   Lease receivables and investment assets	4,302	4,111
   Short-term investment securities	449	1,248
   Raw materials and supplies	14,111	15,572
   Costs on uncompleted construction contracts	32	101
   Advances paid	5,640	10,610
   Other	12,420	27,068
   Allowance for doubtful accounts	(178)	(147)
   Total current assets	256,722	297,870
   Non-current assets
   Property, plant and equipment
   Buildings and structures	69,628	71,156
   Accumulated depreciation	(39,740)	(41,219)
   Buildings and structures, net	29,887	29,937
   Machinery, equipment and vehicles	161,719	167,991
   Accumulated depreciation	(135,892)	(138,995)
   Machinery, equipment and vehicles, net	25,826	28,995
   Land	27,068	42,478
   Lease assets	56,876	61,478
   Accumulated depreciation	(26,885)	(30,342)
   Lease assets, net	29,991	31,136
   Construction in progress	1,823	3,596
   Other	27,759	31,165
   Accumulated depreciation	(19,938)	(21,316)
   Other, net	7,821	9,848
   Total property, plant and equipment	122,418	145,992
   Intangible assets
   Software	5,211	5,749
   Goodwill	29,873	27,456
   Other	3,621	3,509
   Total intangible assets	38,705	36,715
   Investments and other assets
   Investment securities	62,312	73,443
   Long-term loans receivable	509	716
   Leasehold and guarantee deposits	9,831	9,410
   Insurance funds	1,979	2,142
   Net defined benefit asset	59,698	90,325
   Deferred tax assets	5,312	3,763
   Other	15,837	15,535
   Allowance for doubtful accounts	(928)	(890)
   Total investments and other assets	154,555	194,446
   Total non-current assets	315,679	377,154
   Total assets	572,402	675,024

   (Millions of yen)

   As of March 31, 2025 As of March 31, 2026

   Liabilities
   Current liabilities
   Notes and accounts payable - trade	30,121	28,991
   Short-term loans payable	12,476	37,227
   Current portion of long-term loans payable	741	3,351
   Current portion of bonds	200	-
   Accounts payable - other	23,565	25,128
   Lease liabilities	5,164	5,502
   Income taxes payable	8,111	8,785
   Accrued consumption taxes	4,539	5,716
   Provision for bonuses	2,558	3,124
   Provision for directors' bonuses	128	134
   Provision for loss on construction contracts	-	113
   Other	21,284	21,435
   Total current liabilities	108,892	139,510
   Non-current liabilities
   Bonds payable	-	100
   Long-term loans payable	1,327	12,406
   Lease liabilities	34,836	35,532
   Deferred tax liabilities	6,560	19,087
   Deferred tax liabilities for land revaluation	271	299
   Retirement benefit liability	39,534	35,805
   Provision for directors' retirement benefits	1,975	2,169
   Asset retirement obligations	844	854
   Other	2,158	2,316
   Total non-current liabilities	87,509	108,572
   Total liabilities	196,401	248,082
   Net assets
   Shareholders' equity
   Capital stock	18,675	18,675
   Capital surplus	34,214	34,396
   Retained earnings	278,283	297,949
   Treasury stock	(21,074)	(20,154)
   Total shareholders' equity	310,098	330,866
   Accumulated other comprehensive income
   Valuation difference on available-for-sale securities	11,269	15,995
   Revaluation reserve for land	(3,435)	(3,435)
   Foreign currency translation adjustment	1,343	695
   Remeasurements of defined benefit plans, net of tax	19,157	39,512
   Total accumulated other comprehensive income	28,335	52,768
   Non-controlling interests	37,566	43,307
   Total net assets	376,000	426,941
   Total liabilities and net assets	572,402	675,024

2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (Consolidated Statements of Income)

   (Millions of yen)

   Fiscal year ended March 31, 2025

   Fiscal year ended March 31, 2026

   Net sales	551,881	597,026
   Cost of sales	420,926	453,969
   Gross profit	130,954	143,056
   Selling, general and administrative expenses	90,752	96,137
   Operating income	40,201	46,919
   Non-operating income
   Interest income	216	256
   Dividend income	859	954
   Gain on sale of investment securities	20	0
   Rental income	296	284
   Gain from insurance claim	78	75
   Share of profit of entities accounted for using equity method	2,134	2,842
   Dividend income of insurance	330	295
   Penalty income	599	458
   Other	1,535	1,489
   Total non-operating income	6,071	6,658
   Non-operating expenses
   Interest expenses	1,911	1,941
   Loss on sale of investment securities	3	0
   Loss on sale of non-current assets	1	50
   Loss on retirement of non-current assets	305	431
   Financing expenses	351	458
   Other	592	781
   Total non-operating expenses	3,165	3,663
   Ordinary income	43,107	49,913
   Extraordinary income
   Gain on sale of investment securities	340	49
   Gain on sale of non-current assets	61	-
   Gain on sale of shares of subsidiaries and associates	-	46
   Gain on step acquisitions	-	172
   Gain on bargain purchase	859	1,356
   Gain on liquidation of subsidiaries and associates	-	420
   Reversal of provision for loss on business	289	-
   Total extraordinary income	1,551	2,045
   Extraordinary losses
   Loss on valuation of investment securities	15	365
   Loss on sales of investment securities	305	-
   Loss on sale of shares of subsidiaries and associates	-	11
   Loss on termination of retirement benefit plan	-	116
   Impairment losses	0	562
   Loss on step acquisitions	605	-
   Loss on litigation	-	48
   Total extraordinary loss	926	1,104
   Income before income taxes	43,732	50,855
   Income taxes - current	12,992	14,579
   Income taxes - deferred	1,733	1,058
   Total income taxes	14,725	15,638
   Net income	29,006	35,216
   Profit attributable to non-controlling interests	1,901	1,954
   Profit attributable to owners of parent	27,105	33,262

   Consolidated Statements of Comprehensive Income

   (Millions of yen)

   Fiscal year ended March 31, 2025

   Fiscal year ended March 31, 2026

   Net income	29,006	35,216
   Other comprehensive income
   Valuation difference on available-for-sale securities	230	4,857
   Foreign currency translation adjustment	275	(203)
   Remeasurements of defined benefit plans, net of tax	(5,056)	20,566
   Share of other comprehensive income (loss) of associates accounted for using equity method	94	(6)
   Total other comprehensive income (loss)	(4,455)	25,213
   Comprehensive income	24,550	60,430
   (Contents)
   Comprehensive income attributable to owners of parent	22,655	57,695
   Comprehensive income attributable to non-controlling interests	1,895	2,735

3. Consolidated Statements of Changes in Net Assets Fiscal year ended March 31, 2025

   (Millions of yen)

   	Shareholders' equity
   	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
   Balance at beginning of period	18,675	34,011	264,650	(6,074)	311,263
   Changes during period
   Dividends of surplus			(13,525)		(13,525)
   Profit attributable to owners of parent			27,105		27,105
   Purchase of treasury shares				(15,000)	(15,000)
   Disposal of treasury shares					-
   Reversal of revaluation reserve for land			52		52
   Purchase of shares of consolidated subsidiaries		202			202
   Capital increase of consolidated subsidiaries					-
   Net changes in items other than shareholders' equity
   Total changes during period	-	202	13,632	(15,000)	(1,165)
   Balance at end of period	18,675	34,214	278,283	(21,074)	310,098

   	Accumulated other comprehensive income					Non-controlling interests	Total net assets
   	Valuation difference on available-for-sale securities	Revaluation reserve for land	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
   Balance at beginning of period	11,115	(3,379)	1,067	24,033	32,836	33,654	377,754
   Changes during period
   Dividends of surplus							(13,525)
   Profit attributable to owners of parent							27,105
   Purchase of treasury shares							(15,000)
   Disposal of treasury shares							-
   Reversal of revaluation reserve for land							52
   Purchase of shares of consolidated subsidiaries							202
   Capital increase of consolidated subsidiaries							-
   Net changes in items other than shareholders' equity	154	(55)	276	(4,876)	(4,501)	3,912	(588)
   Total changes during period	154	(55)	276	(4,876)	(4,501)	3,912	(1,754)
   Balance at end of period	11,269	(3,435)	1,343	19,157	28,335	37,566	376,000

   Fiscal year ended March 31, 2026

   (Millions of yen)

   	Shareholders' equity
   	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
   Balance at beginning of period	18,675	34,214	278,283	(21,074)	310,098
   Changes during period
   Dividends of surplus			(13,596)		(13,596)
   Profit attributable to owners of parent			33,262		33,262
   Purchase of treasury shares					-
   Disposal of treasury shares		255		919	1,175
   Reversal of revaluation reserve for land					-
   Purchase of shares of consolidated subsidiaries					-
   Capital increase of consolidated subsidiaries		(72)			(72)
   Net changes in items other than shareholders' equity
   Total changes during period	-	182	19,666	919	20,768
   Balance at end of period	18,675	34,396	297,949	(20,154)	330,866

   	Accumulated other comprehensive income					Non-controlling interests	Total net assets
   	Valuation difference on available-for-sale securities	Revaluation reserve for land	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
   Balance at beginning of period	11,269	(3,435)	1,343	19,157	28,335	37,566	376,000
   Changes during period
   Dividends of surplus							(13,596)
   Profit attributable to owners of parent							33,262
   Purchase of treasury shares							-
   Disposal of treasury shares							1,175
   Reversal of revaluation reserve for land							-
   Purchase of shares of consolidated subsidiaries							-
   Capital increase of consolidated subsidiaries							(72)
   Net changes in items other than shareholders' equity	4,726	-	(648)	20,354	24,432	5,740	30,173
   Total changes during period	4,726	-	(648)	20,354	24,432	5,740	50,941
   Balance at end of period	15,995	(3,435)	695	39,512	52,768	43,307	426,941

4. Consolidated Statements of Cash Flows

   (Millions of yen)

   Fiscal year ended March 31, 2025

   Fiscal year ended March 31, 2026

   Cash flows from operating activities
   Income before income taxes	43,732	50,855
   Depreciation and amortization	20,103	21,393
   Impairment losses	0	562
   Amortization of goodwill	3,194	3,421
   Gain on bargain purchase	(859)	(1,356)
   Net loss (gain) on step acquisitions	605	(172)
   Loss (gain) on liquidation of subsidiaries and associates	-	(420)
   Increase (decrease) in allowance for doubtful accounts	463	(84)
   Increase (decrease) in net defined benefit liability	(90)	567
   Increase (decrease) in provision for loss on business	(10)	-
   Increase (decrease) in provision for bonuses	206	409
   Increase (decrease) in provision for directors' bonuses	5	(7)
   Interest and dividends income	(1,075)	(1,211)
   Interest expenses	1,911	1,941
   Share of loss (profit) of entities accounted for using equity method	(2,134)	(2,842)
   Loss (gain) on sales of noncurrent assets	(88)	31
   Loss on retirement of non-current assets	305	431
   Loss (gain) on sales of investment securities	(51)	(49)
   Loss (gain) on valuation of investment securities	15	365
   Loss (gain) on sale of shares of subsidiaries and associates	-	(35)
   Decrease (increase) in notes and accounts receivable - trade	374	(2,268)
   Decrease (increase) in inventories	(1,491)	(1,552)
   Increase (decrease) in notes and accounts payable - trade	(92)	(1,854)
   Decrease (increase) in net defined benefit asset	(6,897)	(4,795)
   Decrease (increase) in assets and liabilities for Transportation Security Services	(1,820)	(311)
   Other	(2,862)	4,674
   Subtotal	53,445	67,692
   Interest and dividends received	1,710	1,877
   Interest expenses paid	(1,906)	(1,918)
   Income taxes paid	(10,671)	(14,038)
   Income taxes refund	70	172
   Net cash provided by (used in) operating activities	42,647	53,786

   (Millions of yen)

   Fiscal year ended March 31, 2025

   Fiscal year ended March 31, 2026

   Cash flows from investing activities
   Decrease (increase) in time deposits	396	(2,307)
   Payments into long-term time deposits	(119)	-
   Proceeds from withdrawal of long-term time deposits	8	17
   Purchase of property, plant and equipment	(14,854)	(35,308)
   Proceeds from sales of property, plant and equipment	488	144
   Purchase of intangible assets	(2,922)	(3,826)
   Purchase of investment securities	(1,103)	(1,667)
   Proceeds from sales of investment securities	554	539
   Payments for acquisition of businesses	(3)	(1,587)
   Proceeds from sale of businesses	-	19
   Purchase of shares of subsidiaries resulting in change in scope of consolidation	(1,547)	(668)
   Purchase of shares of subsidiaries and associates	4,596	2,031
   Proceeds from sale of shares of subsidiaries and associates	-	130
   Proceeds from liquidation of subsidiaries and associates	-	926
   Decrease (increase) in short-term loans receivable	(2)	56
   Payments of long-term loans receivable	(57)	(137)
   Collection of long-term loans receivable	61	71
   Proceeds from refund of leasehold and guarantee deposits	58	23
   Other	(1,103)	2,330
   Net cash provided by (used in) investing activities	(15,550)	(39,212)
   Net cash provided by (used in) financing activities
   Net increase (decrease) in short-term loans payable	653	(468)
   Proceeds from long-term loans payable	325	14,535
   Repayment of long-term loans payable	(805)	(847)
   Proceeds from issuance of bonds	-	100
   Redemption of bonds	-	(200)
   Purchase of treasury stock	(15,000)	-
   Repayments of lease obligations	(5,785)	(6,312)
   Cash dividends paid	(13,525)	(13,596)
   Cash dividends paid to attributable to non-controlling interests	(705)	(650)
   Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation	(1,465)	(312)
   Net cash provided by (used in) financing activities	(36,309)	(7,751)
   Effect of exchange rate change on cash and cash equivalents	68	(28)
   Net increase (decrease) in cash and cash equivalents	(9,144)	6,795
   Cash and cash equivalents at beginning of period	69,162	60,018
   Cash and cash equivalents at end of period	60,018	66,814

   1. Information on Sales and Income (Loss) and Other Items by Reportable Segment, with Disaggregated Income Information

      1. Fiscal year ended March 31, 2025

         (Millions of yen)

         	Reportable segments					Elimination and corporate (Note 1)	Amount on Consolidated Statements of Income (Note 2)
         	Security services	Facility Management Services etc.	Long-Term Care Services	Overseas service	Total
         Net sales
         Contract proceeds	344,432	38,865	53,249	25,585	462,132	-	462,132
         Construction proceeds	7,790	26,984	23	42	34,841	-	34,841
         Proceeds from sales	39,723	13,887	91	1,205	54,907	-	54,907
         Revenue generated from contracts with customers	391,946	79,736	53,364	26,833	551,881	-	551,881
         Outside sales	391,946	79,736	53,364	26,833	551,881	-	551,881
         Intersegment sales	72	434	8	-	515	(515)	-
         Total	392,019	80,171	53,373	26,833	552,396	(515)	551,881
         Income by reportable segment	40,327	9,164	1,497	(547)	50,441	(10,239)	40,201
         Depreciation and amortization	16,173	1,485	2,238	188	20,085	17	20,103
         Amortization of goodwill	698	139	2,040	316	3,194	-	3,194

         Note 1. The ¥ 10,239 million deductions to income by reportable segment under eliminations and corporate represents Company-wide expenses that cannot be attributed to any specific reportable segment. These expenses are primarily administrative costs not associated with specific reportable segments.

         Note 2. Income by reportable segment has been adjusted for the operating income figure on the Consolidated Statements of Income.

         Note 3. Assets are not allocated to specific reportable segments.

      2. Fiscal year ended March 31, 2026

(Millions of yen)

Note 1. The ¥10,901 million deductions to income by reportable segment under eliminations and corporate represents Company-wide expenses that cannot be attributed to any specific reportable segment. These expenses are primarily administrative costs not associated with specific reportable segments.

Note 2. Income by reportable segment has been adjusted for the operating income figure on the Consolidated Statements of Income.

Note 3. Assets are not allocated to specific reportable segments.