NIKKON : Financial Results for the First Half of the Fiscal Year Ending March 31, 2026

Financial Results for the First Half of the Fiscal Year Ending March 31, 2026

NIKKON Holdings Co., Ltd.

Security: 9072 Thursday, November 20, 2025

1. Financial Results Explanation

   1. Financial Results

   2. Initiatives under Medium-Term Management Plan
   3. Shareholder Returns
   4. Interim Report from the Special Committee

2. ESG Explanation

   1. ESG Initiatives and Progress

2025年3月期 2026年3月期

中間計 画比

売上高

売上原価一般管 理

営業利益

営業外 収益営業外用

経常利益

特別利益特別損失

税金等調整前中間 純利益

法人税等

親会社株主に帰属する中間純利益

(Millions of yen)

Net Sales

Operating profit Ordinary profit

Increased due to an expansion of new and existing business and the effects of M&A activities

Declined due to one-off expenses incurred due to M&A activities Increased due to a reduction in foreign exchange losses

Profit attributable to owners of parent increased, reflecting increased gain on the sales of cross-shareholdings

3

(Millions of yen)

Increase Decrease Total

2024.9 Increase Existing companies Acquired companies 2025.9

4

1. Financial Results (2) Financial Indicators (Consolidated)

   (Millions of yen)

   	Assets	FY2025/3	1H 2026/3	Changes
   	Current assets
   	Cash and deposits
   	Accounts receivable, inventories and others
   	Other
   	Property, plant and equipment
   	Buildings and structures
   	Machinery, equipment and vehicles
   	Tools, furniture and fixtures
   	Lands
   	Lease assets
   	Construction in progress
   	Intangible assets
   	Customer-related intangible assets
   	Goodwill
   	Other
   	Total investments and other assets
   	Investment securities
   	Deferred tax assets
   	Retirement benefit asset
   	Other
   	Total assets

   Liabilities	FY2025/3	1H 2026/3	Changes
   Current liabilities
   Notes and accounts payable - trade
   Short-term borrowings and bonds
   Lease obligations
   Income taxes payable
   Provision for bonuses
   Provision for directors' bonuses
   Electronically recorded obligations - non- operating
   Other
   Non-current liabilities
   Long-term borrowings and bonds payable
   Deferred tax liabilities
   Lease obligations
   Retirement benefit obligations
   Other
   Net assets
   Shareholders' equity
   Total accumulated other comprehensive income
   Share acquisition rights
   Non-controlling interests
   Total liabilities and net assets

   
   
   
   
   
   

   Intangible assets: Customer-related assets declined by 1.2 billion yen due to exchange rates, and another 1.2 billion yen due to goodwill amortization

   Investment securities in investments and other assets Increased to 2.3 billion yen, reflecting increased valuation of held shares

   Short-term borrowings and bonds in current liabilities: Short-term purchase liabilities decreased by 17.9 billion yen (refinancing of funds for

   M&A activities)

   Long-term borrowings and bonds in current liabilities: Issued 10 billion yen in bonds and borrowed 19 billion yen as funds for M&A activities 5

   
   
   2025年3月期 前中間連結会計期間 2026年3月期 当中間連結 会計期間 1. Financial Results (3) Net Sales and Operating Profit by Segment (Consolidated)
   
   
   

   (Millions of yen)

   セグメント 売上高 営業利益 利益❹ 売上高 前年比 営業 利益 前年比 利益❹

   1H 2026/3
   Net sales	Change (%)	Operating profit	Change (%)	Profit ratio
   60,823	7.9%	3,706	27.3%	6.1%
   21,094	3.9%	4,195	0.2%	19.7%
   28,047	-1.2%	1,986	-11.6%	7.0%
   11,905	2.2%	1,690	-5.5%	14.2%
   10,043	177.4%	-847	-	-
   131,912	9.6%	10,731	-6.8%	8.0%

   Composition of net sales

   Other Testing 8%

   9%

   Packaging

   21%

   Transportation

   46%

   Warehousing

   16%

   Segment	Net sales	1H 2025/3 Operating profit Profit ratio
   Tra運ns送por事tat業ion	56,392	2,911	5.2%
   Wa倉reh庫ou事sin業g	20,305	4,186	20.5%
   Pac梱ka包gin事g 業	28,393	2,247	7.8%
   Teテstiスngト事 業	11,649	1,789	15.4%
   Othそeのr 他事 業	3,621	380	7.9%
   T全ota事l 業合計	120,361	11,514	9.4%

   
   
   

   • Profit rates reflect adjustment to figures after elimination of intra-group transactions.

   • Profit rates reflect adjustment to figures after elimination of intra-group transactions.

     Composition of operating profit

     Other

     -7%

     Testing

     13%

     Transportation

     30%

     Packaging

     16%

     Warehousing

     34%

     Transportation: Net sales increased, in part due to expanded business volume and contributions from newly consolidated subsidiaries due to acquisitions. Operating profit also increased, driven by the higher sales

     Warehousing: Net sales rose after a new warehouse was opened. Operating profit increased slightly, in part reflecting depreciation expenses incurred and higher labor costs

     Packaging: Net sales declined due to lower business volume in some areas, while operating profit fell, reflecting the impact of lower sales and rising labor costs

     Testing: Net sales rose due to increased business volume, while operating profit decreased due to higher depreciation expenses for testing equipment and increasing personnel expenses

     Other: Net sales increased thanks to contributions from newly consolidated subsidiaries due to acquisitions. Operating profit fell due to M&A expenses.

     6

     1. Financial Results (4) Net Sales by Industry / Regions (Consolidated)
     
     
     
     
     
     

     • Net Sales by Industry

   百万円

   (Millions of yen)

   1H 2025/3

   1H 2026/3

   2026年3月期 当中間連 結会計期間

   売上高 前年比

   構成比

   Change

   Newspapers and publications

   Net sales by industry

   2025年3月期 前中間連結会計期間

   売上高 構成比

   Aut自om動obil車e

   Aut自o-P動arts車 部品 Hou住sin宅g

   Tireタs イヤ

   Agr農icul業tura機l M械achinery

   Ind産ustr業ial 機Mac械hinery

   Net sales

   47,286

   19,549

   13,807

   5,134

   3,758

   2,768

   Proportion (%)

   39.3%

   16.2%

   11.5%

   4.3%

   3.1%

   2.3%

   Net sales

   54,944

   22,217

   14,809

   5,425

   3,888

   3,752

   (%) Proportion (%)

   16.2% 41.7%

   13.6% 16.8%

   7.3% 11.2%

   5.7% 4.1%

   3.5% 2.9%

   35.5% 2.8%

   2%

   Industrial Machinery 3%

   Agricultural Machinery

   Other 16%

   Housing

   Automobile 42%

   Foo食d a品nd ・be飲ver料ages

   2,795

   2.3%

   2,958

   5.8% 2.2%

   3%

   2025年3月期 前中間連 結会計期間

   2026年3月期 当中間連 結会計期間

   New新sp聞ape・rs出an版d p物ublications		2,350	2.0%		2,292	-2.5%		1.7%
   Othそerの他		22,909	19.0%		21,623	-5.6%		16.4%
   T合otal計		120,361	100.0%		131,912	11.1%		100.0%
   (Millions of yen) Net sales		1H 2025/3 Operating Net sales profit Profit ratio			1H 2026/3 Change Operating Change Profit (%) profit (%) ratio
   J日ap本an	98,969	10,745	10.9%	108,544	9.7%	8,891	-17.3%	8.2%
   N北or米th America	12,474	591	4.7%	14,037	12.5%	1,260	113.2%	9.0%
   Aアsiジa ア	8,917	609	6.8%	9,330	4.6%	620	1.8%	6.6%
   T全ot事al 業合 計	120,361	11,946	9.9%	131,912	9.6%	10,772	-9.8%	8.2%

   • Net Sales by Region

   Tires 4%

   11%

   Auto-Parts 17%

   
   
   

   7

   百万 円

   売上高 営業利益

   利益 率

   売上高 前年比 営業 利益 前年比

   利益 率

   Net sales by region

   North Asia America 7%

   11%

   Japan 82%

   7

* Profit rates reflect adjustment to figures after elimination of intra-group transactions.

(Millions of yen)

30,000

25,000

20,000

15,000

25,914

16,548

28,344 28,280

22,226

23,139

Thirteenth Medium-Term Management Plan

26,447

12,569

(Millions of yen)

10,000

5,000

0

2019/3 2020/3 2021/3 2022/3 2023/3

2024/3 2025/3 2026/3

Location:

Structural specifications:

Single-story reinforced concrete column and steel frame structure Land area: 33,407 m2

Total floor area: 16,903 m2

Main equipment: Air-conditioned consigned manufacturing room (455 m2), warehouse management system (WMS)

9 dock levelers, 6 skylights and large ceiling fans

Completion of Kokufu No.1 Warehouse at Suzuka Center Sales Office of Nippon Konpo Unyu Soko Co., Ltd.

• Completed Facilities

  • Thailand: 1 site

  • NIPPON KONPO UNYU SOKO

    CO., LTD.: 2 sites

  • NIPPON RIKUSO Co., Ltd.: 1

    site

    Operations commenced at a total of four sites

    Completion of Kokufu-Dai Motor Pool at Suzuka Center Sales Office of Nippon Konpo Unyu Soko Co., Ltd.

    Completion of Suzuka Logistics Center for NIPPON RIKUSO Co., Ltd.

• Under Construction

• Indonesia: 1 site

• NIPPON KONPO UNYU SOKO CO., LTD.

  Fukuoka, Tochigi: 2 sites

• ITO-EXPRESS.CO., LTD

  Ibaraki: 1 site

• NIKKON Holdings Tochigi: 1 site

Structural specifications:

Two-story steel frame structure

Land area: 33,958.58 m2 Total floor area: 13,308.40 m2

Main equipment: 2 freight elevators, 1 vertical conveyor unit, 6 truck platform lanes, 7 docking lanes, 2 container platform lanes (compatible with double-trailer trucks)

3131 Yamamotocho, Suzuka-shi, Mie

Location:

Structural specifications:

Two-story steel frame structure

Land area: 7,384 m2 Total floor area: 3,321.97 m2

Main equipment: On-site fueling station

4845 Aza Yamamomo, Kocho, Suzuka-shi, Mie

Location:

Structural specifications

Four-story steel frame structure

Land area: 4,400 m2 Total floor area: 16,456.10 m2

Main equipment: 3 freight elevators, 2 dock levelers, six truck pit lanes Power supply terminal (outdoor installation)

7651-11 Ishimaru, Kocho, Suzuka-shi, Mie

Location: