Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)［PDF：640KB］

Company name: DaikyoNishikawa Corporation Listing: Tokyo Stock Exchange

Securities code: 4246

URL: https://www.daikyonishikawa.co.jp/

Representative: Ikuo Sugiyama Representative Director and President

February 12, 2026

Inquiries: Hironori Matsuo Managing Executive Officer and Corporate Planning Division Manager

Telephone: +81-82-493-5610

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      December 31, 2025	123,696	(1.3)	7,947	16.0	8,498	28.2	6,396	67.0
      December 31, 2024	125,334	4.1	6,848	(4.6)	6,626	(7.1)	3,829	(27.4)

      Note: Comprehensive income	For the nine months ended December 31, 2025:	¥	4,209 million	[	35.9%]
      	For the nine months ended December 31, 2024:	¥	3,098 million	[	(58.7) %]

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	92.17	-
      December 31, 2024	53.84	-

   2. Consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio
      As of	Millions of yen	Millions of yen	%
      December 31, 2025	163,542	89,599	53.2
      March 31, 2025	154,554	89,949	56.5

      Reference: Equity

      As of December 31, 2025:	¥	86,967 million
      As of March 31, 2025:	¥	87,337 million

2. Cash dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended	-	17.00	-	19.00	36.00
   March 31, 2025
   Fiscal year ending	-	19.00	-
   March 31, 2026
   Fiscal year ending March 31, 2026 (Forecast)				19.00	38.00

   Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated financial result forecasts 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 financial result forecast most recently announced: Yes

The Company has revised its consolidated earnings forecasts for the fiscal year ending March 31, 2026, which were most recently announced on November 6, 2025. Please refer to the "Notice Regarding Revision of Financial Results Forecast for the Fiscal Year Ending March 31, 2026" published today for further details.

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

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes

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 December 31, 2025	70,997,800	shares
      As of March 31, 2025	73,896,400	shares

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

      As of December 31, 2025	2,628,148	shares
      As of March 31, 2025	2,754,608	shares

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

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes(voluntary)

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

The earnings forecasts and other descriptions of the future presented in this report are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Actual results may differ substantially due to various factors.

(Supplementary materials for financial results)

Supplementary materials will be posted on our website later.

• Attachment Table of Contents

1. Qualitative Information on Quarterly Financial Results 2

   1. Explanation of Operating Results 2

   2. Explanation of Financial Position 2

2. Quarterly Consolidated Financial Statements and Primary Notes 3

   1. Quarterly Consolidated Balance Sheet 3

   2. Quarterly Consolidated Statements of Income and Comprehensive Income 5

      Quarterly Consolidated Statement of Income 5

      For the Nine-Month Period 5

      Quarterly Consolidated Statement of Comprehensive Income 6

      For the Nine-Month Period 6

   3. Notes to Quarterly Consolidated Financial Statements 7

(Notes on Going Concern Assumption) 7

(Notes on Significant Changes in the Amount of Shareholders' Equity) 7

(Application of Special Accounting Methods for Quarterly Consolidated Financial Statements) 7

(Notes to Cash Flow Statement) 7

(Notes on Segment Information) 8

(Significant Subsequent Events) 9

1

1. Qualitative Information on Quarterly Financial Results

   1. Explanation of Operating Results

      For the nine months ended December 31, 2025 (April 1, 2025 - December 31, 2025), net sales decreased by ¥1.637 billion (1.3%) year-on-year to ¥123.696 billion due to a decrease in the number of units produced by major customers in Japan, although sales remained strong in the U.S. due to an increase in the number of units produced by customers and new orders for exterior parts. Operating profit increased by ¥1.098 billion (16.0%) year-on-year to ¥7.947 billion due to the effect of increased sales in the U.S. and the impact of foreign exchange in Mexico, despite the impact of lower sales, retirement benefit actuarial loss, and an increase in human capital investment in anticipation of sustainable growth. Ordinary profit increased by ¥1.871 billion (28.2%) year-on-year to ¥8.498 billion. Profit attributable to owners of parent increased by ¥2.567 billion, or 67.0%, year-on-year to ¥6.396 billion.

      Results by segment are as follows.

      (Japan)

      In Japan, net sales decreased by ¥4.883 billion (6.0%) year-on-year to ¥76.816 billion, due to a decrease in the number of units produced by major customers and a decrease in tool sales. Segment income (operating profit) decreased by ¥2.504 billion (50.6%) year-on-year to ¥2.443 billion, due to the impact of lower sales, retirement benefit actuarial loss, and an increase in human capital investment in anticipation of sustainable growth, despite the results of cost improvement activities are steadily appearing.

      (North America)

      In North America, net sales increased by ¥2.416 billion (7.1%) year-on-year to ¥36.371 billion due to an increase in the number of units produced by customers in the U.S. and an increase in tool sales associated with new orders for exterior parts, despite decreases in the number of units produced by customers and tool sales in Mexico. Segment income (operating profit) increased by

      ¥2.837 billion (176.5%) year-on-year, to ¥4.445 billion due to the effect of increased sales in the U.S. and the exchange rate impact in Mexico, despite decreased sales in Mexico.

      (ASEAN)

      In ASEAN, net sales decreased by ¥223 million (2.7%) year-on-year to ¥8.179 billion due to a decrease in the number of units produced by customers in Thailand, despite increases in the number of units produced by customers and tool sales in Indonesia. Segment income (operating profit) decreased by ¥223 million (32.4%) year-on-year to ¥467 million mainly due to the impact of decreased sales in Thailand and the lump-sum recording of development costs in Indonesia.

      (China & Korea)

      In China and South Korea, net sales decreased by ¥928 million (13.8%) year-on-year to ¥5.784 billion due to a decrease in tool sales in China, despite new sales in the design business in the home appliance domain in South Korea. Segment income (operating profit) increased by ¥14 million (55.1%) year-on-year to ¥39 million due to an increase in profit in the design business, despite the impact of lower in tool sales.

   2. Explanation of Financial Position (Consolidated Financial Position)

      Total assets at the end of the third quarter of the current consolidated fiscal year increased by ¥8.987 billion (5.8%) from the end of the previous fiscal year to ¥163.542 billion. This was mainly due to a decrease in machinery, equipment and vehicles, while there was an increase in cash and deposits.

      Liabilities increased by ¥9.337 billion (14.5%) from the previous fiscal year-end to ¥73.943 billion. This was mainly due to a increase in long-term borrowings and notes and accounts payable - trade.

      Net assets decreased by ¥350 million (0.4%) from the previous fiscal year-end to ¥89.599 billion. This was mainly due to a increase in retained earnings, while there was an decrease in foreign currency translation adjustment.

2. Quarterly Consolidated Financial Statements and Primary Notes

1. Quarterly Consolidated Balance Sheet

   (Millions of yen)

   As of March 31, 2025 As of December 31, 2025

   Assets

   Current assets

   Cash and deposits 30,922 41,915

(Millions of yen) As of March 31, 2025 As of December 31, 2025

Liabilities

Current liabilities

1. Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statement of Income For the Nine-Month Period

For the nine months ended December 31, 2024

(Millions of yen)

For the nine months ended December 31, 2025

Net sales 125,334 123,696

Cost of sales 109,382 106,670

Gross profit 15,951 17,026

Selling, general and administrative expenses 9,103 9,079

Operating profit 6,848 7,947

Interest income 298 252

Non-operating income

Share of profit of entities accounted for using equity method

27

4

Dividend income 43 40

Subsidy income - 135

Foreign exchange gains - 533

Other 143 146

Revenue of development discontinuation 1,317 77

Non-operating expenses

Total non-operating income 1,829 1,190

Expense of compensation for development discontinuation

862

0

Interest expenses 1,040 578

Other 24 60

Foreign exchange losses 125 -

Ordinary profit 6,626 8,498

Total non-operating expenses 2,052 639

Gain on sale of non-current assets 8 2

Extraordinary income

Extraordinary losses

Total extraordinary income 8 2

Total extraordinary losses 41 70

Loss on sale and retirement of non-current assets 41 70

Income taxes 2,593 1,906

Profit before income taxes 6,594 8,430

Profit attributable to non-controlling interests 171 127

Profit 4,001 6,524

Profit attributable to owners of parent 3,829 6,396

Comprehensive income attributable to owners of parent

2,877 4,189

Comprehensive income attributable to non-controlling interests

220

19

1. Notes to Quarterly Consolidated Financial Statements (Notes on Going Concern Assumption)

   Not applicable.

   (Notes on Significant Changes in the Amount of Shareholders' Equity)

   1. Acquisition of the Company's Own Shares

      At the Board of Directors meeting held on May 13, 2025, the Company resolved to acquire treasury shares pursuant to Article 156 of the Companies Act, as applied mutatis mutandis under Article 165, Paragraph 3 of the same Act. Based on this resolution, the Company acquired treasury shares during the period from May 14, 2025 to August 25, 2025 (on a contract basis), the Company acquired 2,898,600 shares of treasury stock, amounting to ¥1,999 million.

   2. Cancellation of the Company's Own Shares

At the Board of Directors meeting held on September 22, 2025, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act. On September 30, 2025, the Company cancelled 2,898,600 shares of treasury stock, amounting to ¥3,072 million.

As a result, capital surplus decreased by ¥1,732 million, retained earnings decreased by ¥1,340 million, and treasury stock decreased by ¥1,072 million. At the end of the nine months ended December 31, 2025, capital surplus stood at ¥8,820 million, retained earnings at ¥67,681 million, and treasury stock at ¥2,785 million.

(Application of Special Accounting Methods for Quarterly Consolidated Financial Statements) (Calculation of Tax Expenses)

Tax expenses are calculated by reasonably estimating the effective tax rate after the application of tax effect accounting to net income before income taxes for the fiscal year including the third quarter of the fiscal year under review, and multiplying net income before income taxes by the estimated effective tax rate. However, if the calculation of tax expenses using the estimated effective tax rate is significantly unreasonable, the recoverability of deferred tax assets is considered in the amount obtained by multiplying net income before income taxes or net loss before income taxes by the statutory effective tax rate.

(Notes to Cash Flow Statement)

The quarterly consolidated statement of cash flows for the third quarter of the current fiscal year has not been prepared. The amount of depreciation and amortization (including amortization of intangible fixed assets) for the cumulative third quarter of the consolidated fiscal year under review is as follows: ) are as follows.

First quarter of the previous fiscal year

(From April 1, 2024

To December 31, 2024)

Current Third quarter consolidated cumulative period

(From April 1, 2025

To December 31, 2025)

Depreciation expense ¥8,362Million ¥7,845Million

(Notes on Segment Information)

【Segment Information】

1. Nine months of the fiscal year ended March 31, 2025 (from April 1, 2024 to December 31, 2024)

   １ Information on net sales and income (loss) by reportable segment and disaggregation of revenue

   (Millions of yen)
   	Reportable Segments				Total
   	Japan	North America	ASEAN	China & Korea
   Net sales
   Product sales	72,623	32,387	7,921	4,235	117,167
   Tool sales	4,323	1,477	271	1,106	7,178
   Other sales	702	68	40	177	988
   Revenue from contracts with customers	77,649	33,932	8,233	5,519	125,334
   Sales to external customers	77,649	33,932	8,233	5,519	125,334
   Inter segment sales or transfers	4,050	23	169	1,192	5,435
   Total	81,699	33,955	8,402	6,712	130,770
   Segment income	4,948	1,607	690	25	7,272

   ２ Differences between the total amounts of reportable segments and the amounts stated in the consolidated financial statements and the main contents of the differences (matters related to the adjustment of differences)

   (Millions of yen)
   Income	Amount
   Total amount of reportable segments	7,272
   Elimination of inter-segment transaction	(423)
   Operating profit in the consolidated financial statements	6,848

2. Nine months of the fiscal year ended March 31, 2026 (from April 1, 2025 to December 31, 2025)

   １ Information on net sales and income (loss) by reportable segment and disaggregation of revenue

   (Millions of yen)
   	Reportable Segments				Total
   	Japan	North America	ASEAN	China & Korea
   Net sales
   Product sales	70,311	33,868	7,491	4,146	115,818
   Tool sales	3,940	2,030	547	82	6,601
   Other sales	582	462	37	194	1,276
   Revenue from contracts with customers	74,834	36,362	8,076	4,423	123,696
   Sales to external customers	74,834	36,362	8,076	4,423	123,696
   Inter segment sales or transfers	1,981	9	102	1,360	3,454
   Total	76,816	36,371	8,179	5,784	127,151
   Segment income	2,443	4,445	467	39	7,395

   ２ Differences between the total amounts of reportable segments and the amounts stated in the consolidated financial statements and the main contents of the differences (matters related to the adjustment of differences)

   (Millions of yen)
   Income	Amount
   Total amount of reportable segments	7,395
   Elimination of inter-segment transaction	551
   Operating profit in the consolidated financial statements	7,947

   (Significant Subsequent Events) (share repurchase)

   The Company have repurchased its own shares under Article 156 as applied pursuant to Paragraph 3, Article 165, of the Companies Act by the resolution of the Board of Directors at its meeting held on January 7, 2026.

   1. Details of the resolution regarding the repurchase of the Company's shares

      1. Reason for the acquisition of treasury shares

         "In order to improve capital efficiency and further return profits to shareholders, as well as to mitigate the impact on the supply and demand for the Company's shares resulting from the secondary offering of the Company's common shares announced in the" "Notice Concerning Secondary Offering of Shares" "dated January 7, 2026."

      2. Resolution of the Board of Directors regarding the acquisition of treasury shares

      (I) Type of shares to be acquired: Common stock

      1. Total number of shares to be repurchased: Up to 2,600,000 shares

      2. Total amount of acquisition cost: Up to 2.3 billion yen

      3. Date of acquisition: From January 8, 2026 to January 13, 2026

      4. Method of repurchase: Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)

   2. Results of Share Repurchase

Based on the above resolution, the Company acquired 2,505,200 shares of common stock of the Company (acquisition price: 2.034 billion yen) on January 9, 2026, and completed the acquisition of treasury shares based on the said resolution.