Consolidated Financial Results for the Three Months Ended June 30,2025(Under Japanese GAAP)

August 8, 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 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 three months ended June 30, 2025 (from April 1, 2025 to June 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
      Three months ended June 30, 2025 June 30, 2024	Millions of yen 89,290 83,706	% 6.7 8.8	Millions of yen 6,684 6,458	% 3.5 63.6	Millions of yen 6,674 6,857	% (2.7) 60.2	Millions of yen 4,626 6,327	% (26.9) 141.3

      Note: Comprehensive income	For the three months ended June 30, 2025:	¥2,305 million	[(72.2)%]
      	For the three months ended June 30, 2024:	¥8,287 million	[135.4%]

      	Basic earnings per share	Diluted earnings per share
      Three months ended June 30, 2025 June 30, 2024	Yen 87.17 119.30	Yen - -

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
   As of	Millions of yen 287,762 289,702	Millions of yen 149,497 150,424	%	Yen
   June 30, 2025			50.6	2,746.25
   March 31, 2025			50.7	2,765.56

   Reference: Equity

   As of June 30, 2025: ¥145,751 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
   Fiscal year ending March 31, 2026 (Forecast)		55.00	-	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: None

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 quarterly 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 June 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 June 30, 2025	3,879,603 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)

      Three months ended June 30, 2025	53,072,839 shares
      Three months ended June 30, 2024	53,036,903 shares

      • Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: None

      • 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 4 of the attached materials.

        • The supplementary material on financial results will be posted to the Company's website promptly after the earnings results announcement.

      • 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 4

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

      2. Quarterly consolidated financial statements and significant notes thereto 5

         1. Quarterly consolidated balance sheets 5

         2. Quarterly consolidated statements of income and comprehensive income 7

            Quarterly consolidated statements of income (cumulative) 7

            Quarterly consolidated statements of comprehensive income (cumulative) 8

         3. Notes to quarterly consolidated financial statements 9

(Significant accounting policies for preparation of the quarterly consolidated financial statements) 9 (Notes to segment information, etc.) 9

(Notes on significant changes in the amount of shareholders' equity) 11

(Notes on premise of going concern) 11

(Notes to quarterly consolidated statements of cash flows) 11

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

During the three months ended June 30, 2025, the Japanese economy exhibited signs such as increased demand from inbound travelers and significant wage revisions centered on large companies.

Nevertheless, the outlook remains undeniably uncertain with sluggish personal consumption and continuously rising prices due to factors such as the normalization of a weak yen and chronic manpower shortages, along with shifts in the economic situation caused by the increase in U.S. import tariffs.

In this business environment, the Group has launched the Medium-Term Management Plan 2027 concluding in 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 we will focus on proactive investment in human resources and strategic development. At the same time, we will work to establish a management foundation that can respond flexibly and appropriately to change, through technological innovation, introduction of ICT, and strengthening internal controls. Furthermore, we are striving to achieve sustainable growth in corporate value through focusing on the three pillars of our business strategy: "expanding overseas business," "strengthening businesses in Japan," and "reforming business structure." To achieve these goals, we will promote a balanced allocation of funds to investments in human resources, investments in growth, and investments in strengthening maintenance, as we work to further enhance shareholder returns while maintaining financial stability.

With respect to financial results for the three months ended June 30, 2025, as a result of focusing on the business strategies of expanding overseas business and strengthening businesses in Japan in the Medium-Term Management Plan 2027 launched from April 2025, despite factors reducing revenue such as the suspension of certain production lines at customers and a decline in cargo volumes destined for the United States, net sales increased to ¥89,290 million (6.7% increase year on year) due to factors increasing revenue such as the consolidation of subsidiaries in India and Canada, increased cargo volumes from the resumption of international passenger flights in the airport division, and increased cargo volumes overseas in the international business division.

In terms of profits, the Company reported operating profit of ¥6,684 million (3.5% increase year on year) as a result of implementing the business strategy in the Medium-Term Management Plan 2027, despite the downward pressure on operating profit due to the reduced revenue. However, ordinary profit was ¥6,674 million (2.7% decrease year on year) due to foreign exchange effects. Profit attributable to owners of parent was ¥4,626 million (26.9% 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 6.5% year on year to ¥57,781 million due to the consolidation of our Indian steel subsidiary in the steel division, the resumption of international passenger flights in the airport division, and an increase in the volume of air conditioner renovation projects in the food and life-related (life-related) division, and the operation of new facilities in the food and life-related (food) division, despite the impact of the suspension of certain production lines at customers.

Profit rose 1.4% year on year to ¥6,538 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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