Ebara Jitsugyo Co., Ltd.TSE: 6328

Supplementary Materials for Financial Results

Feb 9, 2026 at 7:33 AM UTC · Issued by Ebara Jitsugyo Co., Ltd.

Year Ended December 31, 2025

Supplementary Materials for Financial Results

February 9, 2026

1. Executive Summary

5. Shareholder Returns

Executive Summary

FY2025 Dividends

2. FY2025 Financial Results Overview

FY2026 Shareholder Return Policy Share Buybacks

FY2025 Results Highlights FY2025 Performance

FY2025 Results Trends by Segment

FY2025 Results by Segment (Year-on-Year)

3. FY2026 Business Plan

Trends in Net Sales, Gross Profit, Orders Received, and Orders Backlog

FY2026 Business Plan

4. Progress of the Medium-Term Management Plan "EJ2027"

FY2026 Business Plan by Segment Highlights of FY2026 Business Plan

Long-term Vision

Progress Made in the First Year of the Medium-term Management Plan (Overall)

Progress Made in the First Year of the Medium-term Management Plan

6. Topics

Issuance of an Integrated Report Implementation of Stock Split

7. Reference Materials

Our Business History

Business Overview by Segment Results Trends in the past 10 years Cost of Equity and ROE

Trends in stock price / market capitalization and PBR Results Trends by Segment

(by Segment) © EBARA JITSUGYO CO.,LTD. 2

Market Condition

Demand for renewal and development of water infrastructure facilities due to their aging remains at a high level
Demand for disaster prevention and mitigation under the Fundamental Plan for National Resilience is on an increasing trend
Demand remains strong in the private sector due to renewal of domestic plants
Demand related to semiconductors picked up
Financial Highlights for FY2025
Net sales, operating profit and ordinary profit reached new highs for the third consecutive year
Profit reached a new high for the first time in four years
Driven by Engineering business, the operating profit plan was achieved ahead of schedule as early as in the first year of the Medium-term Management Plan (operating profit of 6.1 bn yen was recorded as compared to the plan of 5.5 bn yen)
Forecast for FY2026
Market conditions remain strong in both the public and private sectors, and operating profit is expected to reach a new high for the fourth consecutive year on the back of the high-level orders backlog (up 2.3 bn yen from the previous period)
Plan to increase orders received and net sales, especially in disaster prevention and mitigation, storage batteries, and fisheries, which are focus areas that will drive business growth
Plan to increase SG&A expenses in response to rising labor costs and higher R&D expenses stemming from active development investment
Shareholder Returns
As a basic policy, the target payout ratio will be raised from 35% to 40%
A dividend of 75 yen per share is planned for FY2026 (a 15 yen increase on a post-split basis)
Resolution to purchase treasury shares up to ¥ 1 billion

FY2025 Financial Results Overview

Market

Condition

Demand for renewal and development of water infrastructure facilities due to their aging remains at a high level
Demand for disaster prevention and mitigation under the Fundamental Plan for National Resilience is on an increasing trend
Demand remains strong in the private sector due to renewal of domestic plants
Demand related to semiconductors picked up

Orders Received

Net Sales

Orders received, net sales, operating profit, ordinary profit and profit all reached new highs

*All comparisons are year-on-year

41.21bn yen

（3.70bn yen↑/9.9%↑）

Engineering business drove the results
Net sales in Manufacturing business slightly increased while those in Trading business remained flat
43.59bn yen
（3.76bn yen↑/9.5%↑）
Engineering business drove the results
Orders received remained flat in Manufacturing and Trading businesses
Gross Profit

13.92bn yen

（2.20bn yen↑/18.8%↑）

Operating Profit

6.12bn yen

（1.87bn yen↑/44.0%↑）

Engineering business drove the results
Profit margin improved in all segments, which contributed to an increase in gross profit
An increase in gross profit exceeded an increase in SG&A expenses, mainly personnel expenses
Orders Backlog

36.13bn yen

（2.38bn yen↑/7.1%↑）

Ordinary Profit

6.31bn yen

（1.87bn yen↑/42.2%↑）

Orders backlog increased in all segments, mainly in Engineering business

Profit

4.38bn yen

（1.22bn yen↑/38.8%↑）

	FY2023		FY2024		FY2025		Year-on-Year
(Unit: mn yen)		Ratio(％)		Ratio(％)		Ratio(％)	Change(％)	Change
Net Sales	36,280	100.0	37,503	100.0	41,211	100.0	+ 9.9	+ 3,708
Gross Profit	11,142	30.7	11,727	31.3	13,927	33.8	+ 18.8	+ 2,200
SG&A Expenses	7,117	19.6	7,475	19.9	7,806	18.9	+ 4.4	+ 331
Operating Profit	4,025	11.1	4,251	11.3	6,121	14.9	+ 44.0	+ 1,870
Ordinary Profit	4,164	11.5	4,443	11.8	6,316	15.3	+ 42.2	+ 1,873
Profit	3,141	8.7	3,157	8.4	4,384	10.6	+ 38.8	+ 1,227

Orders Received	38,452	-	39,833	-	43,598	-	+ 9.5	+ 3,765
Orders Backlog	31,421	-	33,750	-	36,136	-	+ 7.1	+ 2,386

(Unit: mn yen)		FY2023	FY2024	FY2025	Year-on-Year
(Unit: mn yen)		FY2023	FY2024	FY2025	Change (％)	Change
Manufacturing	Orders Received	7,255	7,743	7,517	- 2.9	- 226
	Net Sales	7,654	7,111	7,506	+ 5.6	+ 395
	Gross Profit	3,260	2,871	3,119	+ 8.7	+ 248

Engineering	Orders Received	20,835	20,500	24,358	+ 18.8	+ 3,858
	Net Sales	17,671	18,872	22,450	+ 19.0	+ 3,578
	Gross Profit	5,201	5,682	7,532	+ 32.6	+ 1,850

Trading	Orders Received	10,360	11,589	11,721	+ 1.1	+ 132
	Net Sales	10,954	11,520	11,254	- 2.3	- 266
	Gross Profit	2,680	3,173	3,274	+ 3.2	+ 101

Orders Received

Manufacturing

Gross Profit

Net Sales

(Unit: mn yen)

			Field	FY2024	FY2025	Change	Change factors
			Measuring	1,289	2,060	+771	Demand related to semiconductors picked up
			Energy-	922	851	-71	Orders for home batteries decreased
			saving/creating
-0.22 bn yen 7,255	7,743	7,517	Deodorizing	1,908	1,464	-444	Decreased in reaction to large-scale orders for the renewal of deodorizing equipment in the equivalent period in the previous year
(-2.9%)
			Water treatment	3,281	2,797	-484	Orders for water treatment plants in the private sector decreased
			plants
FY2023	FY2024	FY2025	Medical	343	343	0	-

			Field	FY2024	FY2025	Change	Change factors
			Measuring	1,693	1,694	+1	Inventory adjustment continued
			Energy-	1,005	840	-165	Sales in home batteries decreased
+0.39 bn yen 7,654	7,111	7,506	saving/creating
			Deodorizing	1,350	1,646	+296	Steady sales on the back of the orders backlog at the beginning of the period
(+5.6%)
			Water treatment	2,676	2,904	+228	Sales related to waterscape facilities for waterfront parks increased
			plants
FY2023	FY2024	FY2025	Medical	385	421	+36	Orders for equipment used by public agencies remained steady

FY2023 FY2024 FY2025

3,119

2,871

3,260

Gross profit increased in line with an increase in net sales
Gross profit margin rose as a result of changes in the sales mix

+0.24 bn yen

(+8.7%)

41.6%

40.4%

42.6%

Gross Profit Margin

Orders Received

Engineering

+3.85 bn yen

(+18.8%)

(Unit: mn yen)

FY2023 FY2024 FY2025

Demand for renewal and development of water infrastructure facilities remains at a high level, and demand for disaster prevention and mitigation is on an increasing trend
Trading
10,360

11,721

11,589

Orders Received

+0.13 bn yen

(+1.1%)

(Unit: mn yen)

FY2023 FY2024 FY2025

Demand for facility enhancement and renewal of domestic plants remains strong
Net Sales

Net Sales

Demand for the renewal of fire extinguishing pumps and other disaster prevention equipment also remains strong
-0.26 bn yen
(-2.3%)
- Net sales remained
at a high level despite a slight decrease
FY2023 FY2024 FY2025
10,954

11,254

11,520

Gross Profit

Gross Profit Margin

+1.85 bn yen

(+32.6%)

29.4% 30.1% 33.6%

FY2023 FY2024 FY2025

Gross profit increased in line with an increase in net sales
FY2023 FY2024 FY2025
- Gross profit margin
rose as a result of high profit margin orders received
3,274
3,173
2,680
+0.10 bn yen
(+3.2%)
29.1%
27.5%
24.5%
Gross Profit Margin

Gross Profit
Gross profit margin rose as we focused on profitable orders

+3.57 bn yen

(+19.0%)

The high-level orders

backlog at the beginning of the period contributed to net sales

FY2023 FY2024 FY2025

5,201

5,682

7,532

17,671

18,872

22,450

20,500

20,835

24,358

Trends in Net Sales, Gross Profit, Orders Received, and Orders Backlog

Manufacturing	Engineering ■ Trading									(Unit: mn yen)
32,485 8,563	Trend in Net Sales 36,280 37,503 30,229 7,654 7,111 6,288			41,211 7,506	35,014 7,240	Trend in Orders Received 34,643 7,743 7,626				43,598 7,517
14,683	14,408	17,671	18,872	22,450	17,435	16,349	20,835		20,500	24,358

9,238	9,532	10,954	11,520	11,254	10,338	10,667	10,360		11,589	11,721
FY2021	FY2022	FY2023	FY2024	FY2025	FY2021	FY2022	FY2023		FY2024	FY2025

10,489 3,803 4,403	Trend in Gross Profit 11,142 11,727 9,282 2,871 3,260 2,580 5,682 4,234 5,201			13,927 3,119 7,532	25,256 3,221 16,760	Trend in Orders Backlog 29,250 31,421 33,750 18,384 21,549 23,176				36,136 4,755 25,084


2,281	2,467	2,680	3,173	3,274	5,274	6,354	5,759		5,828	6,296
FY2021	FY2022	FY2023	FY2024	FY2025	FY2021	FY2022	FY2023		FY2024	FY2025
								© EBARA JITSUGYO CO.,LTD.			10

38,452 39,833

7,255

4,511

4,112

4,744

FY2026 Business Plan

Market conditions remain strong in both the public and private sectors, and we recognize that the favorable market conditions will continue in the future
Net sales are expected to increase on the back of the high-level orders backlog (up 2.3 bn yen from the previous period)
Plan to increase orders received and net sales, especially in disaster prevention and mitigation, storage batteries, and fisheries, which are focus areas that will drive business growth
Plan to increase SG&A expenses in response to rising labor costs and higher R&D expenses stemming from active development investment

Net Sales	37,503	100.0	41,211	100.0	44,000	100.0	+ 6.8	+ 2,789
Gross Profit	11,727	31.3	13,927	33.8	14,200	32.3	+ 2.0	+ 273
SG&A Expenses	7,475	19.9	7,806	18.9	7,900	18.0	+ 1.2	+ 94
Operating Profit	4,251	11.3	6,121	14.9	6,300	14.3	+ 2.9	+ 179
Ordinary Profit	4,443	11.8	6,316	15.3	6,500	14.8	+ 2.9	+ 184
Profit	3,157	8.4	4,384	10.6	4,500	10.2	+ 2.6	+ 116

Orders Received	39,833	-	43,598	-	46,000	-	+ 5.5	+ 2,402
Orders Backlog	33,750	-	36,136	-	38,136	-	+ 5.5	+ 2,000

(Unit: mn yen)

FY2024 Results

Ratio (％)

FY2025 Results

FY2026 Plan

Year-on-Year

Ratio (％)

Change (％)

Change

(Unit: mn yen)		FY2025	FY2026 Plan	Year-on-Year
(Unit: mn yen)		FY2025	FY2026 Plan	Change (％)	Change
Manufacturing	Orders Received	7,517	10,500	+ 39.7	+ 2,983
	Net Sales	7,506	8,100	+ 7.9	+ 594
	Gross Profit	3,119	3,250	+ 4.2	+ 131
	Gross Profit Margin(%)	41.6	40.1	-	-

Engineering	Orders Received	24,358	23,000	- 5.6	- 1.358
	Net Sales	22,450	23,600	+ 5.1	+ 1,150
	Gross Profit	7,532	7,600	+ 0.9	+ 68
	Gross Profit Margin(%)	33.6	32.2	-	-

Trading	Orders Received	11,721	12,500	+ 6.6	+ 779
	Net Sales	11,254	12,300	+ 9.3	+ 1046
	Gross Profit	3,274	3,350	+ 2.3	+ 76
	Gross Profit Margin(%)	29.1	27.2	-	-

Advance niche strategies and expansion of business domains to be the core of growth

FY2022 FY2023 FY2024 FY2025 FY2026

Plan

FY2022 FY2023 FY2024 FY2025 FY2026

Plan

Water treatment plants

Medical

3,250

3,119

2,871

3,260

2,580

Energy-saving/creating

Deodorizing

7,111

6,288

7,506

7,654

7,517

7,255

7,626

Measuring

8,100

7,743

Gross Profit

10,500

（Unit: mn yen）

Gross profit increases in line with

the increase in net sales

Increase in the water treatment plants field, with the expectation of receiving orders for
large-scale projects related to land-based aquaculture facilities, for which demand is growing
Demand for measuring instruments related to semiconductor industry picks up

Net Sales

Orders Received

Gross Profit

Orders Received/ Net Sales

Develop business domains based on both the customer and product axes

Net Sales

Orders Received

Gross Profit

Net Sales

Orders Received

Demand for renewal and development of public water infrastructure facilities and demand for disaster prevention and mitigation remains strong, but orders received decreases slightly due to the absence of large-scale projects
Sales increase on the back of the high-level orders backlog
- Gross profit increases in line with the increase in net sales

（Unit: mn yen）（Unit: mn yen）

16,349

20,835 20,500

24,358

23,000

Gross Profit

17,671 18,872

14,408

22,450 23,600

4,234 5,201 5,682

7,532

7,600

FY2022	FY2023	FY2024	FY2025	FY2026	FY2022	FY2023	FY2024	FY2025	FY2026
				Plan					Plan

Increase as capital investment at semiconductor plants and pharmaceutical
plants remains strong
Increase due to enhancing lineup of products handled

Although gross profit margin

declines due to the absence of high profit margin projects, gross profit remains at the same level as the previous year in line with an increase in net sales

（Unit: mn yen）

10,667

10,360

11,589

11,721

12,500

Gross Profit

10,954

9,532

11,520

11,254 12,300

2,467

2,680

3,173 3,274 3,350

Net Sales

Orders Received

Gross Profit

Orders Received/ Net Sales

Steadily reinforce the revenue base that has been a foundation since the company's establishment

FY2022	FY2023	FY2024	FY2025	FY2026	FY2022	FY2023	FY2024	FY2025	FY2026
				Plan					Plan

Progress of the Medium-Term Management Plan "EJ2027"

Long-term Vision

As our long-term vision, we have formulated what our company aims to achieve, which is to evolve into "Total Environmental Solutions Company" that enables people's health, harmony with nature, and comfortable, convenient, and safe living.

Our financial targets are net sales of 60.0 bn yen and operating profit of 8.0 bn yen by FY2030.

Long-term vision

EJ2027

EJ2030

Total Environmental Solutions Company

EJ2024

Medium-term management plan

2025－2027

FY2027

Medium-term management plan 2028－2030

Net sales Operating profit

Operating profit margin

60.0 bn yen

8.0 bn yen

13.0％

Net sales

2022－2024

FY2024

37.5 bn yen

Net sales Operating profit

Operating profit margin ROE

45.0 bn yen

5.5 bn yen

12.2％

15.0％ or more

ROE

15.0％ or more

Operating profit

Operating profit margin ROE

4.2bn yen

11.3％

14.2％

Progress Made in the First Year of the Medium-term Management Plan (Overall)

Gross profit has reached a level close to the final year plan due to the increase in gross profit margin, although net sales are far from the final year plan
Operating profit achieved the final year plan ahead of schedule in the first year of the medium-term plan (6.1 billion yen compared to the plan of 5.5 billion yen)
ROE also exceeded the final year plan
Focus on achieving net sales plan for the final fiscal year (45 billion yen), and lead to the long-term vision (60 billion yen in net sales and 8 billion yen in operating profit)

Company-wide	FY2025 Results (1st year)		FY2026 Plan (2nd year)	FY2027 Plan (final year)		Status
Net Sales	41,211	mn yen	44,000 mn yen	45,000	mn yen	Focus on achieving the plan
Gross Profit	13,927	mn yen	14,200 mn yen	14,000	mn yen	Nearing achievement
Gross Profit Margin	33.8 %		32.3 %	31.1 %		-
SG&A Expenses	7,806	mn yen	7,900 mn yen	8,500	mn yen	-
Operating Profit	6,121	mn yen	6,300 mn yen	5,500	mn yen	Achieved ahead of schedule
Operating Profit Margin	14.9 %		14.3 %	12.2 %		-
ROE	17.1	%	-	15.0	% or more	-

Progress Made in the First Year of the Medium-term Management Plan (by Segment)

Manufacturing business needs to grow further, as there is a gap between the plan for the final year and the current situation
Engineering business achieved the gross profit plan for the final year ahead of schedule
Trading business also reached a level close to the gross profit plan for the final year

（Unit: mn yen）	FY2025 Results (1st year)	FY2026 Plan (2nd year)	FY2027 Plan (final year)	Status
Manufacturing	7,506	8,100	9,000
Engineering	22,450	23,600	23,000
Trading	11,254	12,300	13,000
Net Sales	41,211	44,000	45,000
Manufacturing	3,119	3,250	3,700
Engineering	7,532	7,600	6,900	Achieved ahead of schedule
Trading	3,274	3,350	3,400
Gross Profit	13,927	14,200	14,000

Shareholder Returns

FY2025 Dividends

Basic Policy

Maintain stable and continuous profit distribution with a target payout ratio of 35%

For FY2025,

a dividend of 120 yen per share is planned

(to be proposed to the Annual General Meeting of Shareholders to be held in March 2026)

		FY2023 Result	FY2024 Result	FY2025 Plan
Dividends	Annual	85.0 yen	95.0 yen	120.0 yen
	Interim	42.5 yen	47.5 yen	60.0 yen
	Year-end	42.5 yen	47.5 yen	60.0 yen
Payout Ratio		32.3％	36.0%	32.6%

Trends in Annual Dividends per Share

Dividend (yen/share)

Payout Ratio (％)

48.0%

30.8%

29.3%

33.6%

32.3%

36.0%

32.6%

24.8%

24.9%

26.2%

29.8%

120

22.5

									（Plan）
Acquisition of Treasury Shares		270mn yen		570mn yen	1,000mn yen	320mn yen	680mn yen	310mn yen	190mn yen
Total Payout Ratio	24.8％	42.1％	26.2％	53.9％	65.3％	63.1％	53.8％	45.8％	37.0％

FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025

FY2026 Shareholder Return Policy

Change of Basic Dividend Policy

After

Before

Maintain stable and continuous profit distribution with a target payout ratio of 35 % Maintain stable and continuous profit distribution with a target payout ratio of 40 %

FY2026 Dividend Forecast

・ FY2026 dividend forecast: 75 yen per share (up 15 yen/share)

Stock split was implemented on January 1, 2026. (2 for 1)

For comparison, if we convert it to the amount as of December 31, 2025 before the stock split,

FY2026 dividend forecast is ¥150 per share, an increase of ¥30 from the planned dividend of ¥120 per share for the previous fiscal year.

Share Buybacks

Basic Policy

As one way of returning profits to shareholders, flexibly implement share buybacks, taking into account capital needs and stock price levels

Resolution of the Board

The following resolution was adopted by the Board of Directors in February 9, 2026:

Total acquisition cost

1.0 bn yen (maximum)

Total number of shares to be acquired

600,000 shares (maximum)

Percentage of total number of shares issued (excluding treasury shares): 2.52％

Acquisition period

February 10, 2026 to August 31, 2026

Topics

In October 2025, we issued our first Integrated Report, which integrates financial and non-financial information. We plan to issue this report every year.

We implemented a stock split in order to create an environment in which investors can invest more easily, improve the liquidity of our shares, and expand the investor base by lowering the amount per investment unit of our shares.

Stock split ratio	1 share → 2 shares
Total number of issued shares before the stock split	12,930,000 shares
Number of shares to be increased by the stock split	12,930,000 shares
Total number of issued shares after the stock split	25,860,000 shares

Record date	December 31, 2025
Effective date	January 1, 2026

Reference Materials

The three business segments

Note: "Ebara products" implies various products of Ebara Corporation (Ebara Group).

27.3

Engineering

The design, construction, and maintenance of public water infrastructure facilities

Steady demand for renewal and development, as well as disaster prevention and mitigation
Business domains are being explored and expanded

Manufacturing

The development, manufacture, and sales of environment-rerated products and facilities

Highest-focus business with our own products
Employs fabless approach that focuses on R&D

23.5

Trading

Sales of pumps, blowers, air conditioners etc., mostly Ebara products, as an agent

Focuses on sales of new products, as well as pumps, a major product
Expands business area nationwide

Net Sales

FY2025

41,211mn yen

Gross Profit

FY2025

13,927mn yen

18.2

54.5

22.4

54.1

There is no capital relationship between Ebara Corporation (Ebara Group) and Ebara Jitsugyo.

Ebara Jitsugyo Group started out as an agent selling fluid machinery during Japan's post-war recovery. Since then, it has grown in tandem with Japan's economic development and the spread of public water infrastructure in society.

1945～1955

1956～1979

1980～2005

2006～

Founding

1945

Post-war / industrial recovery

Era of high economic growth / development of social infrastructure

Stable growth era - the bubble and its collapse / diversification of environmental needs

Products for medical institutions

Launch of "ASD-1000"

Era of climate change and population decline / infrastructure maintenance and decarbonization

Bio desulfurization equipment

Manufacturing business

Start of Manufacturing business

Launch of Voef

humus deodorizer

ozone air sterilization and deodorization system

Delivery of 1st large-scale product

Launch of "EG-101X" ozone monitor

Entry into fisheries system field

Entry into energy saving/creation field

Start of storage battery business

1976

1985

1991

1992 2005 2013 2020

Start of Engineering business First regional site

designing, constructing, and Shizuoka sales office opened maintaining sewerage and (now the Shizuoka branch) waterworks and water Since then, opened sites in

treatment facilities various regions of Japan

Large-scale project

Completion of Shimokawahara Rainwater Pumping Station equipment and facility construction

Disaster reconstruction project

Completion of Sueyama water purification plant and Kanomata water intake plant water treatment facility construction

Founded Ginsuikai

comprised of our affiliated companies

Business grew considerably with

spread of sewerage and waterworks

Contributed to disaster

recovery and reconstruction

Engineering business

1956

1966

1991

1998

2018

Founded by Fukusaburo Iwaki

Start of fluid machinery sales

business

Opening of

Minemachi Plant

Started handling

particle crushers

Listed on Tokyo

Stock Exchange first section

Opening of Osaka sales office

(now the Osaka branch)

Ebajitsu founded

Drop in demand due to oil crisis

Over-the-counter

stock offering Listed on Tokyo

Stock Exchange

Drop in demand due

Started handling

compressors (Trinitas founded)

Transitioned to

Tokyo Stock Exchange Prime Market

to collapse of bubble

second section

Trading business

1945

1950

1971 1975

1985

(IPO-related)

1998 2001 2004

2010

2022