Second Quarter of FY2026 Financial Results

November 12, 2025

Consolidated Financial Results

for the First Half of the Fiscal Year Ending March 31, 2026 (Based on Japanese GAAP)

Company name: Carlit Co., Ltd. (hereafter "the Company")

Listed exchange: Prime Market, Tokyo Stock Exchange Code number: 4275 URL: https://www.carlithd.co.jp

Representative: Hirofumi Kaneko, Representative Director and President Inquiries: Akira Yamamoto, General Manager of Finance Department Telephone: +81-3-6893-7075

Scheduled date to file semi-annual securities report: November 12, 2025 Scheduled date to commence dividend payments: -

Preparation of explanatory materials for financial results: Yes Holding of financial results briefing: Yes

(Amounts are rounded down to the nearest million yen)

1. Consolidated financial results for the first six months of the fiscal year ending March 31, 2026 (from April 1, 2025 to September 30, 2025)

   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Six months ended Sep. 30, 2025 Sep. 30, 2024	Millions of yen 17,763 18,045	% (1.6) 2.1	Millions of yen 1,504 1,194	% 25.9 (13.7)	Millions of yen 1,657 1,382	% 19.9 (11.6)	Millions of yen 1,149 951	% 20.8 (18.9)

      Note: Comprehensive income For the six months ended Sep. 30, 2025: ¥2,091 million [42.7%]

      For the six months ended Sep. 30, 2024: ¥1,465 million [(17.7)%]

      	Basic earnings per share	Diluted earnings per share
      Six months ended Sep. 30, 2025 Sep. 30, 2024	Yen 49.82 40.36	Yen - -

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
   As of Sep. 30, 2025 Mar. 31, 2025	Millions of yen 56,017 53,012	Millions of yen 37,708 37,479	% 67.3 70.7	Yen 1,658.86 1,590.20

   Reference: Shareholders' equity: As of Sep. 30, 2025: ¥37,708 million;

   As of Mar. 31, 2025: ¥37,479 million

2. Cash dividends

   	Annual dividends per share
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
   	Yen - -	Yen	Yen -	Yen	Yen
   Fiscal year ended Mar. 31, 2025		0.00		36.00	36.00
   Fiscal year ending Mar. 31, 2026		0.00
   Fiscal year ending Mar. 31, 2026 (Forecast)			-	38.00	38.00

   Note: Revisions to the forecast of cash dividends most recently announced: Yes

3. Forecasts of consolidated financial results for the fiscal year ending March 31, 2026

(from April 1, 2025 to March 31, 2026) (Percentages indicate year-on-year changes)

Note: Revisions to the forecasts of consolidated financial results most recently announced: Yes

* Notes

1. Significant changes in the scope of consolidation during the period: None

2. Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: Yes

   Note: For details, please refer to "2. Semi-annual Consolidated Financial Statements, (4) Notes to Semi-annual Consolidated Financial Statements, Adoption of Accounting Treatment Specific to the Preparation of Semi-annual Consolidated Financial Statements" on page 11 of the attached document.

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

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of Sep. 30, 2025

      24,050,000 shares

      As of Mar. 31, 2025

      24,050,000 shares

   2. Number of treasury shares at the end of the period

      As of Sep. 30, 2025

      1,318,259 shares

      As of Mar. 31, 2025

      480,859 shares

   3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

• Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit corporation.

• Proper use of earnings forecasts, and other special matters (Notice concerning forward-looking statements)

The forward-looking statements described in this document, such as business forecasts, are based on information available at the time of release of these materials and reasonable assumptions made by the Company, and do not represent a commitment from the Company that they will be achieved. Actual financial results, etc. may differ significantly from this forecast due to various factors. For assumptions used for earnings forecasts and notes on the use of earnings forecasts, please refer to "1. Overview of Business Results for the First Half, (3) Explanation of Forward-Looking Statements Including Forecasts of Consolidated Financial Results" on page 5 of the attached document.

(Acquisition method of explanatory materials for financial results and contents of financial results briefing)

Holding of financial results briefing scheduled

(Other special matters) Not applicable

Table of Contents

1. Overview of Business Results for the First Half 2

   1. Overview of Business Results for the Six Months Ended September 30, 2025 2

   2. Overview of the Consolidated Balance Sheets and Statements of Cash Flows 4

   3. Explanation of Forward-Looking Statements Including Forecasts of Consolidated Financial Results 5

2. Semi-annual Consolidated Financial Statements 6

   1. Semi-annual Consolidated Balance Sheets 6

   2. Semi-annual Consolidated Statements of Income and Comprehensive Income 8

      Semi-annual Consolidated Statements of Income 8

      Semi-annual Consolidated Statements of Comprehensive Income 9

   3. Semi-annual Consolidated Statements of Cash Flows 10

   4. Notes to Semi-annual Consolidated Financial Statements 11

Adoption of Accounting Treatment Specific to the Preparation of Semi-annual Consolidated Financial Statements 11

Segment Information 12

Significant Changes in Amounts of Shareholders' Equity 13

Going Concern Assumption 13

Subsequent Events 13

1

In our Medium-term Management Plan "Challenge 2027," which started this fiscal year, we have positioned several businesses, including ammonium perchlorate, a solid propellant ingredient for space rockets and defense-related products, as priority areas, focus areas, and development areas, and are promoting management based on a new business portfolio.

The three years from fiscal year 2025 to fiscal year 2027, which is the period of the mid-term plan, are positioned as the "Investment Promotion" stage. To achieve business growth and profit expansion in the final year, we will actively execute investments such as production capacity enhancement, new production facilities, and energy-saving and labor-saving measures.

By executing our management philosophy of "For Confidence and Infinite Challenges," we aim to promote the growth of existing businesses and establish new businesses, while also promoting management that is conscious of the cost of capital and the share price in pursuing improvements in corporate value enlisting PBR as a benchmark.

1. ‌Overview of Business Results for the Six Months Ended September 30, 2025

   1. Explanation of operating results

      In the six months ended September 30, 2025, performances were solid in the Chemical Products segment's Explosives, Electronic materials and Ceramic materials, as well as in the Metal Working segment and in the Engineering Services segment, resulting in increased profits. This is due to our sales efforts such as the reflection of fair prices and cost reductions of general and administrative expenses, etc., in addition to the solid demand in the domestic market.

      On the other hand, Material assessment service, Chemicals, Silicon wafers within the Chemical Products segment, along with the Bottling segment experienced profit declines. Particularly, the decline in the operating rate of factories as a result of inventory adjustments in Silicon wafers and the reduction in the operation of the hot-temperature filling production line in the Bottling segment had a significant impact on the business results.

      Consequently, on the whole, the results are as follows.

      (Millions of yen, unless otherwise noted)

      	Six months ended Sep. 30, 2024	Six months ended Sep. 30, 2025	Amount of change	Rate of change
      Net sales	18,045	17,763	(281)	(1.6)%
      Operating profit	1,194	1,504	309	25.9%
      Ordinary profit	1,382	1,657	275	19.9%
      Profit attributable to owners of parent	951	1,149	198	20.8%

   2. Explanations by business segment

On October 1, 2024, the Company transitioned from a holding company into an operating holding company by merging with its consolidated subsidiaries, Japan Carlit Co., Ltd. and Silicon Technology Corporation, with the Company as the surviving entity. Accordingly, management categories were revised, and financial information of the Company that was included in the Other segment prior to this reorganization is now included in the Chemical Products segment. The year-on-year analysis uses business results for the six months ended September 30, 2024, that have been revised based on this change in reporting segments.

Our main products and services are as follows.

Chemical Products segment

Explosives = increase in sales and profit

・Industrial explosives experienced a decrease in sales volume due to reduced demand for crushing limestone, but sales and profits increased due to the reflection of fair prices to sales companies.

・Automotive emergency flares saw an increase in demand from automobile factories, while demand for vehicle inspection replacements decreased, resulting in flat sales. A decrease in profits was due to increased production costs.

・Signal flares for highway use saw an increase in sales and profits due to steady demand and the reflection of fair prices.

2