Scroll CorporationTSE: 8005

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

· Issued by Scroll Corporation

Note: This document has been translated from a part of the Japanese original. The fully translated version will be disclosed at a later date. These documents have been translated for reference purposes only. In the event of any discrepancy between these translated documents and their Japanese originals, the originals shall prevail.

October 31, 2025



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

Company name: Scroll Corporation Listing: Tokyo Stock Exchange Securities code: 8005

URL: https://www.scroll.jp/

Representative: Tomohisa Tsurumi President

Inquiries: Yasunori Sugimoto Director, General Manager of Corporate Management Dept. Telephone: +81-53-464-1114

Scheduled date to file semi-annual securities report: November 7, 2025 Scheduled date to commence dividend payments: November 28, 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

      42,569

      40,914

      %

      4.0

      2.2

      Millions of yen

      3,069

      3,841

      %

      (20.1)

      13.8

      Millions of yen

      3,297

      4,075

      %

      (19.1)

      18.5

      Millions of yen

      1,537

      2,764

      %

      (44.4)

      17.8

      Note: Comprehensive income

      For the six months ended September 30, 2025:

      ¥

      2,047 million [

      (14.4) %]

      For the six months ended September 30, 2024:

      ¥

      2,393 million [

      (16.8) %]

      Basic earnings per share

      Diluted earnings per share

      Six months ended

      Yen

      Yen

      September 30, 2025

      44.55

      -

      September 30, 2024

      80.54

      -

    2. Consolidated financial position

    Total assets

    Net assets

    Equity-to-asset ratio

    As of

    September 30, 2025

    March 31, 2025

    Millions of yen

    56,422

    56,032

    Millions of yen

    37,796

    36,470

    %

    67.0

    65.1

    Reference: Equity

    As of September 30, 2025:

    ¥

    37,796 million

    As of March 31, 2025:

    ¥

    36,470 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

    -

    24.00

    -

    27.50

    51.50

    Fiscal year ending March 31, 2026

    -

    29.50

    Fiscal year ending March 31, 2026

    (Forecast)

    -

    29.50

    59.00

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

  3. Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Full year

Millions of yen

87,000

%

3.5

Millions of yen

5,400

%

(10.8)

Millions of yen

5,800

%

(9.7)

Millions of yen

3,100

%

(27.4)

Yen

90.15

Note: Revisions to the financial result forecast most recently announced: Yes

* Notes

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

  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

      34,629,200 shares

      As of March 31, 2025

      34,415,000 shares

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

      As of September 30, 2025

      4,699 shares

      As of March 31, 2025

      1,261 shares

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

Six months ended September 30, 2025

34,520,569 shares

Six months ended September 30, 2024

34,327,740 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 (Cautions on forward-looking statements, etc.)

The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual results may differ from forecasts due to various factors in the future.

(How to obtain supplementary explanatory materials for financial results)

Financial results briefing materials will be disclosed on TDnet on the same day and posted on the Company's website.

Semi-annual Consolidated Financial Statements and Primary Notes

Semi-annual Consolidated Balance Sheet

Current assets

Cash and deposits

8,125

10,098

Accounts receivable - trade

11,863

10,823

Inventories

8,646

9,217

Accounts receivable - other

10,154

8,456

Other

1,280

1,378

Allowance for doubtful accounts

(l,39l)

(1,519)

Total current assets

38,679

38,455

Non-current assets

Property, plant and equipment

Buildings and structures, net

5,697

5,549

Land

5,511

5,511

Other, net

672

860

Total property, plant and equipment

11,881

11,920

Intangible assets

Goodwill

504

441

Other

601

556

Total intangible assets

1,106

998

Investments and other assets

Other

5,099

6,133

Allowance for doubtful accounts

(734)

(1,085)

Total investments and other assets

4,364

5,047

Total non-current assets

17,352

17,966

Total assets

56,032

56,422

Liabilities

Current liabilities

Accounts payable - trade

2,625

2,501

Accounts payable - other

11,604

11,222

Income taxes payable

1,362

1,242

Provisions

665

429

Other

1,644

1,528

Total current liabilities

17,903

16,923

Non-current liabilities

Provisions

52

54

Retirement benefit liability

1,423

1,453

Other

181

194

Total non-current liabilities

1,658

1,702

Total liabilities

19,561

18,625

(Millions of yen)

As ofMarch 31, 2025

As of September 30, 2025

Assets

As ofMarch 31, 2025

(Millions of yen) As of September 30, 2025

Net assets

Shareholders' equity

Share capital

6,116

6,229

Capital surplus

7,045

7,158

Retained earnings

22,019

22,610

Treasury shares

(I)

(1)

Total shareholders' equity

35,180

35,996

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

1,180

1,713

Deferred gains or losses on hedges

40

32

Foreign currency translation adjustment

69

54

Total accumulated other comprehensive income

1,290

1,799

Total net assets

36,470

37,796

Total liabilities and net assets

56,032

56,422

Semi-annual Consolidated Statements of Income and Comprehensive Income

Semi-annual Consolidated Statement of Income

(Millions of yen)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Net sales

40,914

42,569

Cost of sales

23,487

24,239

Gross profit

17,427

18,329

Selling, general and administrative expenses

13,586

15,260

Operating profit

3,841

3,069

Non-operating income

Interest income

11

36

Dividend income

47

56

Foreign exchange gains

54

31

Gain on adjustment of accounts payable

24

39

Recoveries of written offreceivables

27

28

Other

87

43

Total non-operating income

253

235

Non-operating expenses

Interest expenses

5

3

Expense related to restricted stock

5

I

Other

8

2

Total non-operating expenses

18

7

Ordinary profit

4,075

3,297

Extraordinary losses

Loss on retirement of non-current assets

0

Impairment losses

548

Loss on liquidation of business

151

Total extraordinary losses

0

699

Profit before income taxes

4,075

2,597

Income taxes - current

1,258

1,168

Income taxes - deferred

52

(108)

Total income taxes

1,310

1,060

Profit

2,764

1,537

Profit attributable to owners of parent

2,764

1,537

Semi-annual Consolidated Statement of Comprehensive Income

(Millions of yen)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Profit 2,764 1,537

Other comprehensive income

Valuation difference on available-for-sale securities (181) 533

Deferred gains or losses on hedges

(210)

(8)

Comprehensive income attributable to owners of parent

2,393

2,047

Total other comprehensive income

(371)

509

Comprehensive income attributable to

Comprehensive income 2,393 2,047

Foreign currency translation adjustment 20 (15)

Comprehensive income attributable to non-controlling interests

Semi-annual Consolidated Statement of Cash Flows

(Millions of yen)

For the six months For the six months ended September 30, 2024 ended September 30, 2025

Cash flows from operating activities

Depreciation 475 441

Profit before income taxes

4,075

2,597

Amortization of goodwill 63 63

Impairment losses 548

Increase (decrease) in allowance for doubtful accounts 337 461

Share-based payment expenses 62 96

Increase (decrease) in retirement benefit liability (3) 29

Increase (decrease) in other provisions

(152)

(235)

Interest expenses 5 3

Interest and dividend income

Loss on liquidation of business 151

Loss (gain) on sale and retirement of non-current assets

Decrease (increase) in trade receivables

(59)

0

894

(92)

1,038

Decrease (increase) in inventories (1,360) (571)

Decrease (increase) in accounts receivable - other

(1,394)

1,355

Decrease (increase) in other current assets 7 51

Increase (decrease) in trade payables

(138)

(162)

Increase (decrease) in accrued liabilities 418 (512)

Increase (decrease) in other current liabilities

(7)

(125)

Increase (decrease) in cash and cash equivalents resulting from change in scope of consolidation

19

Subtotal

3,196

5,111

Interest paid

(5)

(3)

Income taxes refund

23

0

Cash flows from investing activities

Purchase of property, plant and equipment

(117)

(357)

Proceeds from sale of investment securities

26

Purchase of shares of subsidiaries resulting in change in scope of consolidation

(672)

(458)

Net cash provided by (used in) investing activities

(1,693)

58

Proceeds from short-term borrowings

1,700

Repayments of long-term borrowings

(3,165)

Other, net

(0)

(0)

Effect of exchange rate change on cash and cash equivalents

20

(12)

Cash and cash equivalents at beginning of period

7,396

5,625

Net increase (decrease) in cash and cash equivalents (3,286) 2,972

Net cash provided by (used in) financing activities (3,806) (945)

Dividends paid (615) (944)

Repayments of short-term borrowings (25) (1,700)

Cash flows from financing activities

Other, net 57 (25)

Proceeds from cancellation of insurance funds 105

Purchase of intangible assets (91) (100)

Decrease (increase) in time deposits (1,000) 1,000

Net cash provided by (used in) operating activities 2,192 3,872

Income taxes paid (1,083) (1,329)

Interest and dividends received 61 93

Other, net (27) (28)

Cash and cash equivalents at end of period

4,129

8,598