Consolidated Financial Results for the Three Months Ended June 30, 2025

August 4, 2025

Inquiries (Title)

General Manager of Accounting & Financial Department

(Name)YOSHIDA Keigo (Tel) +81-78-303-5620

Dividend payable date (as planned)－ Supplemental material of results ： Yes Convening briefing of results ： None

(Yen amounts are rounded down to millions,

unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2025 (from April 1, 2025 to June 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
      Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      June 30, 2025	11,179	1.8	363	-	431	314.4	20	-
      June 30, 2024	10,979	9.3	(91)	-	104	(38.7)	(112)	-

      Note:

      For the three months ended

      Millions

      For the three months ended

      Millions

      Comprehensive income

      June 30, 2025 (1,130)

      [－%]

      June 30, 2024

      1,075

      of yen

      [ (10.7)% ]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	0.68	-
      June 30, 2024	(3.75)	-

      of yen

   2. Consolidated financial position

   	Total assets	Net assets	Capital adequacy ratio
   As of	Millions of yen	Millions of yen	%
   June 30, 2025	65,685	50,681	72.7
   March 31, 2025	68,630	52,586	72.1

   Reference: Owner's equity As of June 30, 2025

   Millions 47,744

   of yen

   As of March 31, 2025

   Millions 49,509

   of yen

2. Cash dividends

   	Annual dividend
   	First quarter	Second quarter	Third quarter	Year end	Annual
   Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026	Yen	Yen	Yen	Yen	Yen
   	- -	20.00	-	20.00	40.00
   Fiscal year ending March 31, 2026 (Forecast)		20.00	-	22.00	42.00

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

   Breakdown of the dividends for the fiscal year ended March 31, 2025: Stable dividend ¥40

   Dividends for the fiscal year ending March 31, 2026 (Forecast) : Stable dividend ¥40, Performance-based dividend ¥2

3. Consolidated financial forecast 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 ： None

* Notes

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

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

      As of June 30, 2025	34,136,635shares	As of March 31, 2025	34,136,635shares
      As of June 30, 2025	4,066,689shares	As of March 31, 2025	4,066,689shares
      Three months ended June 30, 2025	30,069,946shares	Three months ended June 30, 2024	30,056,337shares

4. Number of issued shares (common shares)

   1. Number of issued and outstanding shares at the period end (including treasury stock)

   2. Number of treasury stock at the period end

   3. Average number of shares (quarterly period-YTD)

• 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

・Forecasts presented herein are the current prospects based on information currently available and contain elements of uncertainty. Actual results may therefore differ from the above forecasts due to subsequent changes in the circumstances.

・The supplementary material on financial results is scheduled to be posted on our website.

• Table of Contents of Attached Materials

  Quarterly Consolidated Financial Statements and Significant Notes Thereto 2

  1. Quarterly consolidated balance sheet 2

  2. Quarterly consolidated statement of income and consolidated statement of comprehensive income 3

     Quarterly consolidated statement of income (cumulative) 3

     Quarterly consolidated statement of comprehensive income (cumulative) 4

  3. Notes to the Quarterly Consolidated Financial Statements 5

(Notes on segment information, etc.）5

1. Quarterly consolidated balance sheet

   (Millions of yen)

   As of March 31, 2025 As of June 30, 2025

   Assets

   Current assets
   Cash and deposits	18,966	17,613
   Notes and accounts receivable - trade, and contract assets	10,609	8,417
   Merchandise and finished goods	8,696	9,489
   Work in process	933	1,044
   Raw materials and supplies	5,057	5,103
   Other	1,073	1,761
   Allowance for doubtful accounts	(87)	(71)
   Total current assets	45,249	43,358
   Non-current assets
   Property, plant and equipment
   Buildings and structures, net	5,679	5,625
   Other	4,906	4,601
   Total property, plant and equipment	10,586	10,226
   Intangible assets
   Goodwill	850	782
   Other	1,478	1,401
   Total intangible assets	2,329	2,183
   Investments and other assets
   Investment securities	9,004	8,493
   Other	1,461	1,423
   Total investments and other assets	10,465	9,917
   Total non-current assets	23,381	22,327
   Total assets	68,630	65,685
   Liabilities
   Current liabilities
   Notes and accounts payable - trade	3,953	4,102
   Short-term borrowings	1,758	1,456
   Income taxes payable	548	399
   Provisions	338	305
   Other	3,364	2,942
   Total current liabilities	9,964	9,206
   Non-current liabilities
   Retirement benefit liability	3,113	3,121
   Other	2,966	2,676
   Total non-current liabilities	6,079	5,797
   Total liabilities	16,043	15,004
   Net assets
   Shareholders' equity
   Share capital	5,279	5,279
   Capital surplus	5,051	5,051
   Retained earnings	34,025	33,445
   Treasury shares	(3,666)	(3,666)
   Total shareholders' equity	40,690	40,109
   Accumulated other comprehensive income
   Valuation difference on available-for-sale securities	5,320	4,970
   Foreign currency translation adjustment	3,663	2,818
   Remeasurements of defined benefit plans	(165)	(154)
   Total accumulated other comprehensive income	8,818	7,634
   Non-controlling interests	3,077	2,937
   Total net assets	52,586	50,681
   Total liabilities and net assets	68,630	65,685

2. Quarterly consolidated statement of income and consolidated statement of comprehensive income (Quarterly consolidated statement of income (cumulative))

(Millions of yen)

Three months ended June 30, 2024

Three months ended June 30, 2025