Consolidated Financial Results for the Six Months Ended September 30, 2025 (Under Japanese GAAP)

November 14, 2025

Company name: Konoike Transport Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 9025

URL: https://www.konoike.net/

Representative: Tadahiko Konoike, Representative Director, Chairman, President and Chief Executive Officer Inquiries: Yoshihito Nakanishi, Executive Officer, Executive General Manager, Finance/Accounting

Division

Telephone: +81-6-6227-4600

Scheduled date to file Semi-annual Securities Report: November 14, 2025 Scheduled date to commence dividend payments: December 1, 2025 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and analysts)

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

1. Consolidated financial results for the six months ended September 30, 2025 (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 September 30, 2025 September 30, 2024	Millions of yen 179,322 169,689	% 5.7 9.1	Millions of yen 12,588 12,019	% 4.7 46.9	Millions of yen 12,556 12,116	% 3.6 39.1	Millions of yen 8,127 9,722	% (16.4) 75.7

      Note: Comprehensive income	For the six months ended September 30, 2025:	¥6,006 million	[(53.7)%]
      	For the six months ended September 30, 2024:	¥12,982 million	[43.0%]

      	Basic earnings per share	Diluted earnings per share
      Six months ended September 30, 2025 September 30, 2024	Yen 153.11 183.28	Yen - -

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
   As of	Millions of yen 289,549 289,702	Millions of yen 153,247 150,424	%	Yen
   September 30, 2025			51.6	2,813.08
   March 31, 2025			50.7	2,765.56

   Reference: Equity

   As of September 30, 2025: ¥149,373 million As of March 31, 2025: ¥146,776 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 March 31, 2025		35.00		61.00	96.00
   Fiscal year ending March 31, 2026		55.00
   Fiscal year ending March 31, 2026 (Forecast)			-	55.00	110.00

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

3. Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

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

1. Significant changes in the scope of consolidation during the period: None Newly included: - companies (Company name)

   Excluded: - companies (Company name)

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

   None

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 September 30, 2025	56,952,442 shares
      As of March 31, 2025	56,952,442 shares

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

      As of September 30, 2025	3,852,824 shares
      As of March 31, 2025	3,879,603 shares

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

      Six months ended September 30, 2025	53,080,882 shares
      Six months ended September 30, 2024	53,047,507 shares

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

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

        The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Any

        statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors. For the suppositions that form the assumptions for the forecast of financial results and cautions concerning the use thereof, please refer to the section of "(3) Explanation of the forecast of consolidated financial results and other forward-looking statements" of "1.

        Overview of operating results and others" on page 5 of the attached materials.

        (How to obtain supplementary material on financial results and content of financial results briefing)

        The Company plans to hold an online financial results briefing for institutional investors and analysts on Wednesday, November 19, 2025. The supplementary material on financial results to be used on the day will be posted to the Company's website on Wednesday, November 19, 2025.

        • Table of contents of attached materials

      Index

      1. Overview of operating results and others 2

         1. Overview of operating results for the period 2

         2. Overview of financial position for the period 3

         3. Explanation of the forecast of consolidated financial results and other forward-looking statements 5

         4. Basic policy for profit allocation, and dividends for the current fiscal year 5

      2. Semi-annual consolidated financial statements and significant notes thereto 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 12

(Notes to segment information, etc.) 12

(Notes on significant changes in the amount of shareholders' equity) 14

(Notes on premise of going concern) 14

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Forward-looking statements presented in this report reflect judgments made as of the end of the current accounting period and accordingly are not guarantees of future performance.

During the six months ended September 30, 2025, the Japanese economy exhibited signs of recovery, supported by growing inbound demand and substantial wage increases led by large corporations.

Nevertheless, the outlook remains undeniably uncertain as multiple economic headwinds persisted:

continuously rising prices driven by prolonged yen depreciation and chronic labor shortages, lackluster personal consumption, and shifts in the global economic environment stemming from higher U.S. import tariffs.

In this business environment, the Group has launched its Medium-Term Management Plan 2027, covering the period through the fiscal year ending March 31, 2028. Under the basic policy of

"maximizing employee happiness and corporate value through growth investments and infrastructure investments in people, technology, and ICT," we view "people" as the source of value creation and are focusing on proactive investment in human resources and strategic development. Concurrently, we will work to establish a management foundation that enables agile and precise responses to change through technological innovation, ICT implementation, and enhanced internal controls. Furthermore, we have positioned "expanding overseas business," "strengthening businesses in Japan," and "reforming

business structure" as the three pillars of our business strategy, aiming to achieve sustainable growth in corporate value. In expanding our overseas business, despite the impact of tariffs, FSNL Private Ltd., which was newly consolidated in the previous fiscal year, has been strengthening a stable revenue base by responding to strong demand through increased transaction volumes and operational efficiencies, while PMI (post-merger integration) has proceeded broadly as planned. Going forward, we will

continue to pursue further operational sophistication and strategic expansion into new business areas to accelerate growth.

With respect to financial results for the six months ended September 30, 2025, net sales increased to

¥179,322 million (5.7% increase year on year) driven by the business strategies of expanding overseas business and strengthening businesses in Japan outlined in the Medium-Term Management Plan 2027 launched from April 2025. While certain factors-including the suspension of certain customer

production lines and lower cargo volumes destined for the United States- weighed on revenue, these negative factors were more than offset by positive contributions from the consolidation of subsidiaries in India and Canada, increased volumes associated with the resumption of international passenger

flights in the airport division, and higher handling volumes at overseas in the international business division.

In terms of profits, as a result of implementing the business strategies outlined in the Medium-Term Business Plan 2027 - expanding overseas business and strengthening businesses in Japan - operating profit reached ¥12,588 million (4.7% increase year on year) and ordinary profit was ¥12,556 million (3.6% increase year on year). However, profit attributable to owners of parent was ¥8,127 million (16.4% decrease year on year) in part due to reactionary decline from the impact of disposal of

strategically held stocks in the previous fiscal year.

Financial results by segment are as follows. Note that segment profit represents operating profit before deducting general and administrative expenses.

(i) Integrated Solutions Business

Net sales increased 6.9% year on year to ¥116,583 million due to the consolidation of our Indian

steel subsidiary in the steel division, the resumption of international passenger flights in the airport division, the operation of new facilities and increased transaction volume in the food and life-

related (food) division, and an increase in the volume of air conditioner renovation projects in the food and life-related (life-related) division, despite the impact of the suspension of certain

production lines at customers.

Profit rose 8.5% year on year to ¥12,592 million in part due to the impact of the aforementioned consolidation of a subsidiary and higher transaction volume, as well as our continued efforts to ensure appropriate pricing.

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