MATSUDA SANGYO : Presentation Material for Financial Results (Q1 / FY2026)

Published August 8, 2025 at 7:33 a.m. UTC

Source: MarketScreener

First Quarter of theFiscal Year Ending March 31, 2026Financial StatementsBriefing Materials

Matsuda Sangyo Co., Ltd. August 8, 2025

This document was prepared for the purpose of deepening understanding of our company, and is not intended to solicit investment. The contents in this document were prepared based on various materials, including press releases, that have been published to date. However, we do not take any responsibility for the accuracy, completeness, relevance, or any other aspects of these contents.

Please note that we also do not take responsibility for any omissions, errors, or inaccuracies in the published text, graphs, or other contents.

This document contains forward-looking statements related to future performance. These statements do not guarantee future performance and are subject to risks and uncertainties. Future performance may differ from the targets due to changes in the business environment and other factors.

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between

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this translated document and the Japanese original, the original version shall prevail.

Matsuda Sangyo Co., Ltd.

CSR IR Dept.

Inquiry form: https://www.matsuda-sangyo.co.jp/ja/contact/contact4.html

Overview of Financial Results for FY3/26 1Q

Consolidated Financial Results

Both net sales, operating income, and quarterly net income increased compared with

the same quarter of the previous year.

FY3/25 1Q		FY3/26 1Q	Year-on-year increase (decrease)
Net sales	111.7	146.6	+34.8	+31.2%
Operating profit	3.1	3.7	+0.6	+19.7%
Operating margin	2.8%	2.6%	(0.2)pt	-
Ordinary profit	3.7	3.9	+0.2	+6.2%
Profit attributable to owners of parent	2.5	3.0	+0.4	+16.8%
Earnings per share (yen)	99.5	116.2	+16.7	+16.8%

(billion yen)

FY3/26

Forecasts

490.0

13.5

2.8%

14.3

10.0

385.8

Quarterly Trend for Consolidated Financial Results

(billion yen)

88.5

90.2

92.6

89.1

111.7

110.4

126.4

120.1

146.6

Net Sales

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

FY3/24

FY3/25

FY3/26

Operating Profit

2.4

2.6

3.1

3.7

2.1

1.8

4.5

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

FY3/24

FY3/25

FY3/26

Consolidated Balance Sheet

Assets (billion yen)

	March 31, 2025	June 30, 2025	Increase (decrease)	Main reasons for change
Current assets 116.1		119.9	+3.8 （＋） Increase in accounts receivable-trade
Non-current assets 52.7		53.7	+0.9 （＋） New installation of factory equipment
Total assets 168.9		173.7	+4.8

Liabilities

	March 31, 2025	June 30, 2025	Increase (decrease)	Main reasons for change
Current liabilities	48.6	52.6	（＋） Increase in short-term loans payable and advances +4.0 received （－）Decrease in income taxes payable
Non-current liabilities	20.1	19.3	(0.7) （－）Decrease in long-term loans payable
Interest bearing debt	33.3	35.8	+2.4
Total liabilities	68.7	72.0	+3.2

Net assets

	March 31, 2025	June 30, 2025	Increase (decrease)	Main reasons for change
Total net assets 100.1		101.6	+1.5 （＋） Increase in retained earnings
Total liabilities and net assets 168.9		173.7	+4.8

58.3%

Shareholder’s equity ratio 59.1%

Consolidated Cash Flow Statements

(billion yen)

	FY3/25 1Q	FY3/26 1Q	Increase (decrease)	Summary
Cash flows from operating activities	(4.7)	0.1	（＋）Increase in quarterly net income before income taxes, +4.9 depreciation and accounts payable-trade （－）Increase in accounts receivable-trade and income tax paid
Cash flows from investing activities	(1.4)	(1.5)	(0.1) （ー） New installation of factory equipment
Free cash flows	(6.2)	(1.4)	+4.8

Cash flows from financing activities 4.8

1.2

（＋）Increase in short-term loans payable

(3.5) （－）Repayment of long-term loans payable and cash dividends

paid

Net increase (decrease) in cash and cash (1.1)

equivalents

(0.4)

+0.7

Cash and cash equivalents at end of period 13.2

10.9

(2.2)

Precious Metals Business Segment (Overview of Financial Results)

In the electronic devices sector of the electronics industry, while manufacturing for smartphones, personal computers, and automotive applications remained sluggish, demand for data-center and server-related products for generation AI expanded, resulting in favorable performance.

Net sales and operating income increased compared with the same quarter of the previous fiscal year due to an increase in the volume of precious metal recycling handled, including the jewelry field, as well as a boost from the gold market.

(billion yen)

FY3/25 1Q		FY3/26 1Q	Increase (decrease)
Net sales	85.7	115.5	+29.7	+34.7%
Operating profit	2.4	2.7	+0.3	+15.2%
Operating margin	2.8%	2.4%	(0.4)pt	-

	FY3/26 1Q	Increase (decrease)		Reasons for increase (decrease)
Gold	89.8	+24.7	+38.1%	Quantity increased by 4.5% and prices increased by 33.7%
Silver	6.6	+0.4	+6.8%	Quantity increased by 0.4% and prices increased by 6.4%
Platinum group	12.3	+1.5	+14.6%	Quantity increased by 16.7% and prices decreased by 2.1%
Other	6.6	+3.0	+82.0%

Food Business Segment (Overview of Financial Results)

In the food manufacturing industry, robust inbound demand underpinned business sentiment amid a response to needs stemming from the diversification of food and an increased desire to save domestic consumption.

Sales and operating income increased compared with the same quarter of the previous fiscal year as a result of increased sales volume of fishery products, livestock products, and agricultural products and appropriately passing on soaring raw material and logistics costs to sales prices.

(billion yen)

FY3/25 1Q		FY3/26 1Q	Increase (decrease)
Net sales	26.0	31.1	+5.0	+19.5%
Operating profit	0.7	0.9	+0.2	+35.1%
Operating margin	2.7%	3.1%	+0.4pt	-

	FY3/26 1Q	Increase (decrease)		Reasons for increase (decrease)
Seafood products	12.0	+1.6	+15.9%	Quantity increased by 0.5% and prices increased by15.3%
Livestock products	13.2	+2.4	+22.5%	Quantity increased by 11.7% and prices increased by 10.8%
Agricultural products	3.5	+0	+0.3%	Quantity increased by 0.5% and prices decreased by 0.2%
Other	2.2	+0.9	+80.2%

Changes in Operating Profit

In the Precious Metals business segment, the profit margin improved due to gradual volume improvement in the electronic device field, higher volume in the jewelry field, and higher gold prices.
In the Food Business Segment, the profit margin improved due to an increase in sales volume, cost rationalization, and pass-through of cost increases.

Quantity

factor

Price factors

(Market impact

+Profit margin improvement)

Increase in production

costs and SG&A expenses

Precious Metals Business Segment

（billion yen）

(0.1)

Quantity

factor

(Profit margin improvement)

Increase in SG&A

expenses

Price Factors

Food Business Segment

Appendix

Trends of Precious Metals Market Prices

金（山元建値円/g）

銀（山元建値円/g）

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

22.4 22.7 22.10 23.1 23.4 23.7 23.10 24.1 24.4 24.7 24.10 25.1 25.4 25.7

200

180

160

140

120

100

22.4 22.7 22.10 23.1 23.4 23.7 23.10 24.1 24.4 24.7 24.10 25.1 25.4 25.7

白金（N･Y$建円換算円/g）

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

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22.4 22.7 22.10 23.1 23.4 23.7 23.10 24.1 24.4 24.7 24.10 25.1 25.4 25.7

12,000

10,000

8,000

6,000

4,000

2,000

22.4 22.7 22.10 23.1 23.4 23.7 23.10 24.1 24.4 24.7 24.10 25.1 25.4 25.7

MATSUDA SANGYO CO., LTD.