Disco : Consolidated Financial Results for the First Quarter of Fiscal Year 2025

Six months ending

YoY (%)

September 30, 2025

Net sales

181,100

1.1

Operating income

67,700

(10.9)

Ordinary income

67,200

(10.5)

Net income

47,300

(11.5)

Net income per share (yen)

436.27

-

Shipment figures

194,800

(2.0)

4. Other

1) Important changes in subsidiaries: None

2) Changes in principles, procedures, or display of accounting method concerning consolidated statement policies.

1. Changes in accounting policies along with changes in accounting standards: None

2. Other changes: None

3) Number of shares outstanding (common stoc

k)

(1) Number of shares issued (including treasury stocks)

As of June 30, 2025:

108,435,946

shares

As of March 31, 2025:

108,420,665

shares

(2) Number of shares of treasury stoc

k

As of June 30, 2025:

15,978

shares

As of March 31, 2025:

15,978

shares

(3) Average number of shares

As of June 30, 2025:

108,413,758

shares

As of June 30, 2024:

108,355,378

shares

Explanation regarding appropriate use of earnings forecast:

The performance forecasts and estimates provided in this Financial Review are based on certain assumptions judged to be reasonable at the present time in light of information currently available. Consequently, actual operating results may differ substantially from the projections in the Financial Review.

Reference: non-consolidated forecasts for FY2025 2Q (April 1, 2025 - September 30, 2025)

(Millions of yen)

Six months ending

YoY (%)

September 30, 2025

Net sales

150,900

(0.7)

Operating income

58,300

(10.1)

Ordinary income

72,700

(2.2)

Net income

54,500

(1.4)

Net income per share (yen)

502.67

-

Note: Revision of earnings forecast during this period:

Yes

*For the revised non-consolidated forecasts, refer to the "Business and Dividend Forecast Notification" announced on July 17, 2025.

‌5. Consolidated balance sheets

(Millions of yen)

As of March 31,

2025

As of June 30,

2025

Assets

Current assets

Cash and deposits

229,167

198,498

Notes and accounts receivable - trade, and

contract assets

43,178

47,952

Merchandise and finished goods

32,955

39,356

Work in process

44,762

40,759

Raw materials and supplies

61,285

61,018

Other

13,293

3,641

Allowance for doubtful accounts

(140)

(156)

Total current assets

424,502

391,070

Non-current assets

Property, plant and equipment

Buildings and structures, net

103,769

102,802

Land

62,816

65,369

Other, net

37,428

38,428

Total property, plant and equipment

204,014

206,601

Intangible assets

246

245

Investments and other assets

25,324

22,162

Total non-current assets

229,585

229,008

Total assets

654,087

620,079

Liabilities

Current liabilities

Notes and accounts payable - trade

7,950

5,984

Electronically recorded obligations - operating

22,918

19,999

Income taxes payable

30,175

8,253

Contract liabilities

43,933

55,926

Provision for bonuses

41,639

27,267

Other provisions

1,866

2,258

Other

11,909

14,429

Total current liabilities

160,392

134,120

Non-current liabilities

991

1,040

Total liabilities

161,383

135,160

Net assets

Shareholders' equity

Share capital

22,089

22,129

Capital surplus

24,077

24,118

Retained earnings

431,718

424,157

Treasury shares

(47)

(47)

Total shareholders' equity

477,838

470,357

Accumulated other comprehensive income

Valuation difference on available-for-sale

348

329

Foreign currency translation adjustment

13,023

12,778

Remeasurements of defined benefit plans

(45)

(40)

Total accumulated other comprehensive income

13,327

13,067

Share acquisition rights

1,188

1,199

Non-controlling interests

348

294

Total net assets

492,703

484,918

Total liabilities and net assets

654,087

620,079

‌6. Consolidated statement of (comprehensive) income

(Millions of yen)

Three months

ended

Three months

ended

30-Jun-24

30-Jun-25

Net sales

82,799

89,914

Cost of sales

25,100

28,653

Gross profit

57,699

61,261

Selling, general and administrative expenses

24,322

26,780

Operating profit

33,376

34,480

Non-operating income

Interest income

8

10

Share of profit of entities accounted for using equity

93

85

Rental income

60

98

Subsidy income

68

560

Other

75

66

Total non-operating income

306

821

Non-operating expenses

Foreign exchange losses

39

1,055

Depreciation

10

243

Other

9

2

Total non-operating expenses

59

1,301

Ordinary profit

33,623

33,999

Extraordinary income

Gain on sale of non-current assets

0

4

Total extraordinary income

0

4

Extraordinary losses

Loss on sale and retirement of non-current assets

10

14

Extra retirement payments

5

4

Demolition expenses

150

332

Total extraordinary losses

166

351

Profit before income taxes

33,457

33,652

Income taxes - current

7,260

6,786

Income taxes - deferred

2,426

3,094

Total income taxes

9,686

9,880

Profit

23,771

23,772

Profit attributable to

Profit attributable to owners of parent

23,713

23,767

Profit attributable to non-controlling interests

57

4

Other comprehensive income

Foreign currency translation adjustment

1,369

(58)

Remeasurements of defined benefit plans, net of tax

(3)

4

Share of other comprehensive income of entities

accounted for using equity method

366

(191)

Total other comprehensive income

1,733

(245)

Comprehensive income

25,504

23,526

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

25,439

23,507

Comprehensive income attributable to non-controlling

interests

65

19