NIKKON : Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)

February 6, 2026

Company name: NIKKON Holdings Co., Ltd. Listing: Tokyo Stock Exchange

Securities code: 9072

URL: https://www.nikkon-hd.co.jp

Representative: Masakatsu Kuroiwa, President and Representative Director

Inquiries: Yasunori Matsuda, Representative Director and Managing Executive Officer Telephone: +81-3-3541-5330

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: None

Holding of financial results briefing: None

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

1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      December 31, 2025	201,375	8.9	17,388	(5.1)	18,268	(5.1)	12,200	(4.7)
      December 31, 2024	184,962	11.1	18,322	14.5	19,250	6.6	12,797	4.1

      Note: Comprehensive income For the nine months ended December 31, 2025:	¥14,691 million	[64.1%]
      For the nine months ended December 31, 2024:	¥8,954 million	[(47.5)%]

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	101.61	93.03
      December 31, 2024	102.88	94.70

      Note: The Company has conducted a stock split at the ratio of two shares to one share as of October 1, 2024. "Basic earnings per share" and "diluted earnings per share" are calculated on the assumption that the said share split was conducted at the beginning of the previous fiscal year.

      Note: At the end of the previous fiscal year, the provisional accounting treatment for the business combination was finalized, and the figures for the third quarter of the fiscal year ending March 31, 2025 reflect the details of the provisional accounting treatment.

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	%
   December 31, 2025	434,856	242,322	54.6
   March 31, 2025	431,273	250,635	56.0

   Reference: Equity

   As of December 31, 2025: ¥237,504 million

   As of March 31, 2025: ¥241,627 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	-	54.00	-	27.00	-
   Fiscal year ending March 31, 2026	-	37.00	-
   Fiscal year ending March 31, 2026 (Forecast)				37.00	74.00

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

   Note: The Company has conducted a stock split at the ratio of two shares to one share as of October 1, 2024. Dividends for the second quarter of the fiscal year ending March 31, 2025

   For gold, the amount of the actual dividend before the split is described. For the total annual dividend for the fiscal year ending March 31, 2025, the stock split

   Since simple sum is not possible due to the implementation of the method, it is described as "-". Per share in the fiscal year ending March 31, 2025 without stock split The year-end dividend will be 54 yen, and the annual dividend per share will be 108 yen.

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

(Percentages indicate year-on-year changes.)

Note: Revisions to the earnings forecasts most recently announced: Yes

For details regarding the revision of the consolidated earnings forecast, please refer to the "Notice of Revision of Earnings Forecast" announced today (February 6, 2026).

1. Significant changes in the scope of consolidation during the period: None

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes

   Note: For details, see Quarterly Financial Results Appendix 8 "2. See Quarterly Consolidated Financial Statements and Key Notes (3) Notes on Quarterly Consolidated Financial Statements (Application of Accounting Procedures Specific to the Preparation of Quarterly Consolidated Financial Statements).

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 December 31, 2025	126,479,784 shares
      As of March 31, 2025	126,479,784 shares

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

      As of December 31, 2025	8,486,112 shares
      As of March 31, 2025	5,594,372 shares

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

Note: The Company has conducted a stock split at the ratio of two shares to one share as of October 1, 2024. Assuming that the stock split occurred at the beginning of the previous fiscal year, the number of shares outstanding at the end of the period, the number of treasury shares at the end of the fiscal year, and the average number of shares during the period are calculated. The number of treasury shares at the end of the fiscal year and the number of treasury shares deducted for the calculation of the number of treasury

shares during the period include the Company's treasury stock (98,400 shares at the end of the fiscal year ending March 31, 2025 and 98,400 shares at the end of the third quarter of the fiscal year ending March 31, 2026) held by the trust with the directors as beneficiaries.

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

• Proper use of earnings forecasts, and other special matters

The forward-looking statements, including forecasts of financial results, contained in these materials are based on information available to the Company and on certain assumptions deemed to be reasonable. Actual financial results may differ from the results anticipated in the statements due to various factors.

(Millions of yen)

(Millions of yen)

(Millions of yen)

(Millions of yen)

(Notes on segment information, etc.) Segment Information

1. The nine months of the previous fiscal year (April 1, 2024 to December 31, 2024)

   1. Information on sales and the amount of profit or loss for each reported segment, as well as information on the breakdown of revenues

      (Millions of yen)

      	Reportable segments					Other (Note)	Total
      	Transportation segment	Warehouse segment	Packaging segment	Test segment	Total
      Sales
      automobile	31,873	7,495	19,935	17,471	76,775	401	77,177
      Automotive Parts	18,803	8,636	9,019	404	36,863	1,122	37,986
      housing	12,310	2,599	6,116	-	21,026	120	21,147
      Agricultural Machinery	3,339	1,430	737	25	5,533	60	5,593
      Food & Beverage	1,408	1,968	611	-	3,988	11	4,000
      Newspapers & Publications	3,534	0	-	-	3,534	-	3,534
      Other	16,602	7,974	6,619	4	31,200	3,011	34,211
      Revenue generated from contracts with external customers	87,872	30,105	43,040	17,905	178,923	4,727	183,651
      Other Earnings	-	477	-	-	477	833	1,311
      Revenues from external customers	87,872	30,583	43,040	17,905	179,401	5,560	184,962
      Transactions with other segments	309	226	410	10	956	1,831	2,788
      Total	88,181	30,810	43,450	17,915	180,358	7,392	187,751
      Segment Profit	5,062	6,488	3,406	2,829	17,786	494	18,281

      Note: 1. The "Other" category is a business segment that is not included in the reporting segments, and includes customs clearance and automobile repair businesses. "Other" excludes interest income related to operating and non-operating transactions.

   2. At the end of the previous fiscal year, the provisional accounting treatment for the business combination was finalized, and the details of the provisional accounting treatment were reflected in the segment profit for the nine months of the previous fiscal year.

      1. Information on Assets by Reporting Segment

         AS A RESULT OF THE ACQUISITION OF AN INTEREST IN SUPREME AUTO TRANSPORT, LLC. AND THE INCLUSION OF AN INTEREST IN SUPREME AUTO TRANSPORT, LLC. IN THE THIRD QUARTER OF THIS FISCAL YEAR, SEGMENT ASSETS IN THE TRANSPORTATION BUSINESS INCREASED BY 18,230 MILLION YEN COMPARED TO THE END OF THE PREVIOUS CONSOLIDATED FISCAL YEAR.

      2. The difference between the total amount of profit or loss of the reported segment and the amount recorded in the quarterly consolidated statements of income and the main details of the difference (matters related to adjustment of differences)

         (Millions of yen)

         benefit	amount of money
         Total Reporting Segments	17,786
         Benefits of the "Other" category	494
         Other Adjustments (Note)	41
         Operating Income in Quarterly Consolidated Statements of Income	18,322

         Note Other adjustments are the differences that occur when you delete commercial and non-business transactions.

      3. Information on impairment losses or goodwill on fixed assets by reporting segment (Significant fluctuations in the amount of goodwill)

      IN THE THIRD QUARTER OF THIS FISCAL YEAR, WE ACQUIRED AN INTEREST IN SUPREME AUTO TRANSPORT, LLC. AND INCLUDED IT IN THE SCOPE OF

      CONSOLIDATION, RESULTING IN 3,792 MILLION YEN OF GOODWILL IN THE TRANSPORTATION BUSINESS. The amount of goodwill reflects an important revision of the initial allocation of acquisition costs due to the finalization of the provisional accounting treatment for the business combination.

2. The nine months of the current fiscal year (April 1, 2025 to December 31, 2025)

   1. Information on sales and the amount of profit or loss for each reported segment, as well as information on the breakdown of revenues

      (Millions of yen)

      	Reportable segments					Other (Note)	Total
      	Transportation segment	Warehouse segment	Packaging segment	Test segment	Total
      Sales
      automobile	34,868	8,047	19,304	17,557	79,778	3,288	83,066
      Automotive Parts	19,214	9,144	8,964	568	37,891	4,340	42,232
      housing	12,642	2,581	6,090	-	21,314	1,425	22,740
      Agricultural Machinery	3,636	1,263	761	5	5,668	64	5,732
      Food & Beverage	1,443	1,685	673	-	3,802	194	3,996
      Newspapers & Publications	3,367	0	62	-	3,429	-	3,429
      Other	18,037	8,713	6,887	72	33,710	4,140	37,851
      Revenue generated from contracts with external customers	93,210	31,436	42,744	18,204	185,596	13,454	199,050
      Other Earnings	-	569	-	-	569	1,756	2,325
      Revenues from external customers	93,210	32,005	42,744	18,204	186,165	15,210	201,375
      Transactions with other segments	233	218	381	13	846	1,913	2,760
      Total	93,444	32,223	43,126	18,217	187,012	17,124	204,136
      Segment profit (loss)	5,945	6,473	3,107	2,870	18,397	(1,074)	17,322

      Note: The "Other" category refers to business segments that are not included in the reporting segments, and includes customs clearance and the manufacturing and sales of packaging materials. "Other" excludes interest income related to operating and non-operating transactions.

   2. The difference between the total amount of profit or loss of the reported segment and the amount recorded in the quarterly consolidated statements of income and the main details of the difference (matters related to adjustment of differences)

      (Millions of yen)

      benefit	amount of money
      Total Reporting Segments	18,397
      Benefits of the "Other" category	(1,074)
      Other Adjustments (Note)	65
      Operating Income in Quarterly Consolidated Statements of Income	17,388

      Note Other adjustments are the differences that occur when you delete commercial and non-business transactions.

   3. Information on impairment losses or goodwill on fixed assets by reporting segment It is omitted because it is not important.