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

October 29, 2025

Company name: DISCO CORPORATION Stock code number: 6146 (TSE Prime Market) URL: https://http://www.disco.co.jp

Notes: 1. The accompanying financial statements have been prepared in accordance with accounting principles and practices generally accepted in Japan.

2. Amounts are rounded down to the nearest million yen.

1. Consolidated results for FY2025 2Q (April 1, 2025 - September 30, 2025)
   1. Consolidated operating results (Millions of yen)

      	Six months ended
      	September 30, 2024	September 30, 2025	YoY (%)
      Net sales	179,043	194,537	8.7
      Operating income	75,952	78,871	3.8
      Ordinary income	75,052	79,465	5.9
      Net income	53,443	55,913	4.6
      Net income per share (yen)	493.20	515.70	-

      Comprehensive income: Six months ended September 30, 2025:	56,115	million yen, 2.5%
      Six months ended September 30, 2024: 2) Consolidated financial position	54,743	million yen, 56.9% (Millions of yen)

      	As of March 31, 2025	As of September 30, 2025
      Total assets	654,087	651,394
      Net assets	492,703	517,706
      Equity ratio (%)	75.1%	79.2%

      Equity: 516,160 million yen (as of September 30, 2025） 491,166 million yen (as of March 31, 2025）

2. Dividends

   (yen)

   	Fiscal Year 2024	Fiscal Year 2025 Actual	Fiscal Year 2025 Forecast
   1Q-end dividend per share (yen)	-	-
   2Q-end dividend per share (yen)	124.00	129.00
   3Q-end dividend per share (yen)	-		-
   Year-end dividend per share (yen)	289.00		-
   Annual dividend per share (yen)	413.00		-

   Note: Revision of dividends forecast during this period: Yes

   *For the revised dividends forecast, refer to the "DISCO Dividend Payout for Fiscal Year 2025" announced on October 29, 2025.

   *The year-end dividends for fiscal year 2025 have not been determined at this point.

3. Consolidated forecasts for FY2025 3Q (April 1, 2025 - December 31, 2025)

   (Millions of yen)

   	Nine months ending December 31, 2025	YoY (%)
   Net sales	287,100	5.3
   Operating income	111,700	(3.0)
   Ordinary income	112,400	(4.0)
   Net income	80,300	(5.8)
   Net income per share (yen)	740.57	-
   Shipment figures	309,100	0.0

   Note: Revision of earnings forecast during this period: Yes

   *For the revised consolidated forecasts, refer to the "Business Forecast Notification" announced on October 29, 2025.

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 stock)

   1. Number of shares issued (including treasury stocks)

      As of September 30, 2025: 108,446,529 shares

      As of March 31, 2025: 108,420,665 shares

   2. Number of shares of treasury stock

      As of September 30, 2025: 15,978 shares

      As of March 31, 2025: 15,978 shares

   3. Average number of shares

   As of September 30, 2025: 108,420,961 shares

   As of September 30, 2024: 108,360,050 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 3Q (April 1, 2025 - December 31, 2025)

   (Millions of yen)

   	Nine months ending December 31, 2025	YoY (%)
   Net sales	235,000	2.5
   Operating income	92,100	(6.4)
   Ordinary income	110,700	(0.4)
   Net income	82,900	(1.0)
   Net income per share (yen)	764.54	-

   Note: Revision of earnings forecast during this period: Yes

   *For the revised non-consolidated forecasts, refer to the "Business Forecast Notification" announced on October 29, 2025.

5. Consolidated balance sheets

   (Millions of yen)

   As of

   31-Mar-25

   As of

   30-Sep-25

   Assets

   Cash and deposits 229,167 222,909

Current assets

Notes and accounts receivable - trade, and contract assets 43,178 53,785

Work in process 44,762 40,417

Other 13,293 6,371

Total current assets

424,502

421,647

Property, plant and equipment

Land

62,816

65,406

Total property, plant and equipment

204,014

210,997

Investments and other assets

25,324

18,505

Total assets

654,087

651,394

Current liabilities

Electronically recorded obligations - operating

22,918

17,128

Contract liabilities

43,933

55,691

Other provisions

1,866

2,436

Total current liabilities

160,392

132,726

Total liabilities

161,383

133,687

Shareholders' equity

Capital surplus

24,077

24,215

Treasury shares

(47)

(47)

Accumulated other comprehensive income

Foreign currency translation adjustment

13,023

13,158

Total accumulated other comprehensive income

13,327

13,462

Non-controlling interests

348

342

Total net assets 492,703 517,706

Share acquisition rights 1,188 1,203

Remeasurements of defined benefit plans (45) (35)

Total shareholders' equity 477,838 502,698

Net assets

Non-current liabilities 991 960

Other 11,909 13,737

Liabilities

Total non-current assets 229,585 229,746

Intangible assets 246 243

Other, net 37,428 42,574

Non-current assets

Allowance for doubtful accounts (140) (160)

Total liabilities and net assets 654,087 651,394

1. Consolidated statement of (comprehensive) income

Share of other comprehensive income of entities accounted for

using equity method

623

(33)

(Millions of yen) Six months ended Six months ended

30-Sep-24 30-Sep-25

Net sales 179,043 194,537

Cost of sales 52,314 60,527

Gross profit 126,728 134,009

Selling, general and administrative expenses 50,776 55,138

Operating profit 75,952 78,871

Non-operating income

Share of profit of entities accounted for using equity method 183 82

Rental income 121 200

Total non-operating income 810 1,086

Other 144 159

Non-operating expenses

Other 11 4

Depreciation 20 487

Ordinary profit 75,052 79,465

Total non-operating expenses 1,710 492

Gain on sale of non-current assets 1 6

Extraordinary income

Extraordinary losses

Total extraordinary income 1 6

Loss on sale and retirement of non-current assets 21 74

Total extraordinary losses 278 900

Demolition expenses 245 817

Income taxes - current 19,416 15,742

Profit before income taxes 74,775 78,571

Total income taxes 21,227 22,606

Income taxes - deferred 1,810 6,863

Profit attributable to

Profit 53,548 55,965

Profit attributable to owners of parent 53,443 55,913

Other comprehensive income

Remeasurements of defined benefit plans, net of tax (6) 9

Comprehensive income 54,743 56,115

Total other comprehensive income 1,195 149

Comprehensive income attributable to

Comprehensive income attributable to non-controlling interests 96 67