Consolidated Financial Statements for the fiscal year ended March 31, 2026

May 13, 2026

Company name: SEIKO GROUP CORPORATION Listing: Tokyo Stock Exchange

Securities code: 8050

URL: https://www.seiko.co.jp/en/

Representative: Shuji Takahashi President

Inquiries: Masanobu Minami General Manager, Accounting Department Telephone: +81-3-3563-2111

Scheduled date of annual general meeting of shareholders: June 25, 2026 Scheduled date to commence dividend payments: June 26, 2026

Scheduled date to file annual securities report: June 24, 2026 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 operating results (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
   Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 335,686 304,744	% 10.2 10.1	Millions of yen 30,873 21,240	% 45.4 44.1	Millions of yen 33,119 20,769	% 59.5 30.7	Millions of yen 21,980 13,316	% 65.1 32.5

   Note: Comprehensive income	For the fiscal year ended March 31, 2026:	¥	24,950 million [	138.1%]
   	For the fiscal year ended March 31, 2025:	¥	10,477 million [	(56.6) %]

   	Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Ratio of operating profit to net sales
   Fiscal year ended	Yen	Yen	%	%	%
   March 31, 2026	268.93	-	13.3	8.8	9.2
   March 31, 2025	163.09	-	8.7	5.6	7.0

   Reference: Share of profit (loss) of entities accounted for using equity method

   For the fiscal year ended March 31, 2026:	¥	1,481 million
   For the fiscal year ended March 31, 2025:	¥	1,240 million

   Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Basic earnings per share have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.

2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
   As of March 31, 2026 March 31, 2025	Millions of yen 383,881 369,236	Millions of yen 177,502 158,014	% 45.8 42.2	Yen 2,150.47 1,909.32

   Reference: Equity

   As of March 31, 2026:	¥	175,783 million
   As of March 31, 2025:	¥	155,972 million

   Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Net assets per share have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.

3. Consolidated cash flows

Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. For the fiscal years ended March 2025 and March 2026, the actual dividend amounts before the stock split are stated. For the fiscal year ending March 2027 (forecast), the figures after the stock split are stated. If the stock split is not taken into account, the annual dividend for the fiscal year ending March 2027 (forecast) would be 180 yen.

(Percentages indicate year-on-year changes.)

Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. The basic earnings per share in the consolidated financial result forecasts for the fiscal year ending March 2027 takes into account the impact of this stock split.

1. 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

2. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of March 31, 2026	82,808,522 shares
      As of March 31, 2025	82,808,522 shares

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

      As of March 31, 2026	1,066,720 shares
      As of March 31, 2025	1,118,820 shares

   3. Average number of shares outstanding during the period

(Note)

For the purpose of calculating the number of treasury shares at the end of period and the average numbers of shares issued during the period, treasury shares held in the Board Benefit Trust (BBT) are included in the treasury shares deducted in the calculation.

The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Total number of issued shares at the end of the period (including treasury shares), number of treasury shares at the end of the period, and average number of shares outstanding during the period have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.

1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 18,040 16,238	% 11.1 6.7	Millions of yen 3,452 755	% 356.8 4.3	Millions of yen 4,009 1,658	% 141.8 12.2	Millions of yen 6,766 4,500	% 50.3 25.0

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   March 31, 2026	82.74	-
   March 31, 2025	55.09	-

   Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Basic earnings per share have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.

2. Non-consolidated financial position

Reference: Equity

As of March 31, 2026: ¥ 59,040 million

As of March 31, 2025: ¥ 60,494 million

Note: The Company conducted a 2-for-1 stock split of its common shares effective April 1, 2026. Net assets per share have been calculated on the assumption that the stock split had been conducted at the beginning of the previous fiscal year.

• Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters (Cautionary statements with respect to financial forecast)

  The financial forecasts which appear in this report have been prepared based solely on the information which was available to the Company as of the date on which the report was released and the Company does not in any way guarantee the achievement of the forecasts. Actual results may differ significantly from the forecasted figures due to a number of factors.

  1. Business Results

     1. Overview ............................................................................................................. 5

     2. Financial Condition ............................................................................................. 8

     3. Overview of Cash Flows....................................................................................... 9

     4. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2027 (FY2026) 10

  2. Basic Policy on Adoption of Accounting Standards 11

  3. Consolidated Financial Statements and Primary Notes

     1. Consolidated Balance Sheet 12

     2. Consolidated Statements of Income and Comprehensive Income 14

     3. Consolidated Statements of Changes in Equity 16

     4. Consolidated Statements of Cash Flows 18

     5. Notes to Consolidated Financial Statements 19

(Going concern assumption) 19

(Important matters that are the basis for preparation of consolidated financial

statements) 19

(Segment information) 20

(Per share information) 23

(Significant subsequent events) 25

In the fiscal year ended March 31, 2026, the Japanese economy showed a moderate recovery as personal consumption and capital expenditures remained firm despite inflationary pressures. Inbound demand remained strong, mainly due to tourists from Europe, the United States, and Southeast Asia, despite a decrease in Chinese tourists.

The overseas economy continues to show solid growth in the United States, while Europe is on a moderate recovery trend due to factors such as easing inflation. In China, the pace of recovery has slowed due to factors such as a deceleration in domestic demand, and the real estate market remains a key area of concern.

Currently, impacts on supply chains must be closely monitored amid changes in international affairs.

(¥ million)

In the "Emotional Value Solutions Business (EVS Business)," the Watches Business and the WAKO Business for Japan recorded significant sales growth driven by robust personal consumption and the inbound demand. The Watches Business for overseas also grew, particularly in the United States, and net sales were significantly higher year on year. In the "Devices Solutions Business (DS Business)," net sales increased year on year, driven by growth in sales of primarily micro batteries. In the "Systems Solutions Business (SS Business)," net sales were higher year on year, primarily due to efforts to diversify business and expand the stock business. As a result, for the fiscal year ended March 31, 2026, the Group reported consolidated net sales of 335.6 billion yen (up 10.2% YoY).

On an overall consolidated basis, domestic net sales came to 175.7 billion yen (up 5.7% YoY), and overseas net sales were 159.8 billion yen (up 15.4% YoY). Overseas net sales comprised 47.6% of net sales overall.