Topre : Flash Report of Financial Results for the First Quarter of the Year Ending March 31, 2026

August 8, 2025

Company name Topre Corporation Listed Tokyo Stock Exchange Securities code 5975 URL https://www.topre.co.jp

Representative (Title) Representative Director, President, Executive Officer (Name) Yutaka Yamamoto

Contact person (Title) Executive Officer, General Manager of General Affairs Dept. (Name) Takayuki Noda TEL 03-3271-0711 Scheduled date to begin dividend payments : -

Supplementary materials for financial results : No Financial results information meeting held : No

(Yen amounts are rounded down to the nearest million)

1. Consolidated Operating Results for the First Quarter of the Year Ending March 31, 2026 (April 1, 2025 through June 30, 2025)

   1. Consolidated Operating Results (Cumulative) (%, YoY)

      	Net sales		Operating profit		Ordinary profit		Quarterly profit attributable to owners of parent company
      First Quarter of the Year Ending March 31, 2026 First Quarter of the Year Ended March 31, 2025	Millions of Yen	%	Millions of Yen	%	Millions of Yen	%	Millions of Yen	%
      	88,120 90,583	(2.7) 14.2	4,873 4,706	3.5 49.2	2,744 10,563	(74.0) (15.3)	2,039 7,011	(70.9) (22.8)

      Note: Comprehensive income

      First Quarter of the Year Ending March 31, 2026: ¥1,604 million [(85.2%)] First Quarter of the Year Ended March 31, 2025 ¥10,856 million [(21.6%)]

      	Net Profit per Share (Quarter)	Fully Diluted Net Profit per Share (Quarter)
      	Yen		Yen
      First Quarter of the Year Ending March 31, 2026	40.78	-
      First Quarter of the Year Ended March 31, 2025	136.81	-

   2. Consolidated Financial Position

      	Total Assets	Total Equity	Equity Capital Ratio	Equity per Share
      	Millions of Yen	Millions of Yen	%	Yen
      First Quarter of the Year Ending March 31, 2026	355,298	220,500	61.0	4,388.57
      Year Ended March 31, 2025	371,086	223,257	59.2	4,338.28

      Ref.: Equity Capital

      First Quarter of the Year Ending March 31, 2026: ¥216,868 million

      Year Ended March 31, 2025: ¥219,650 million

2. Dividends

   	Dividend per Share
   	Q1	Q2	Q3	Q4	Total
   Year Ended March 31, 2025 Year Ending March 31, 2026	Yen - -	Yen 35.00	Yen -	Yen 50.00	Yen 85.00
   Year Ending March 31, 2026 (Forecast)		40.00	-	40.00	80.00

   Note: Revision from the most recently released dividend estimate: No

   (Note) Breakdown of the year-end dividend for the year ended March 31, 2025: Regular dividend ¥40, Commemorative dividend ¥10 (90th anniversary commemorative dividend)

3. Consolidated Financial Forecast for the Year Ending March 31, 2026 (April 1, 2025 through March 31, 2026)

(The percentage indicates the year-on-year change for annual data, and the change compared to the same quarter of the previous year for quarterly data)

Note: Revision from the most recently released financial results forecast: No Notes

1. Significant Changes in the Scope of Consolidation during the Consolidated Period for Q1: Yes

   Newly Included: None	(Company Name)	-
   Excluded: 1	(Company Name)	PT. TOPRE INDONESIA AUTOPARTS

   (Note) For details, please refer to the attached document, p.8, "2. Quarterly Consolidated Financial Statements and Notes (3) Notes on Quarterly Consolidated Financial Statements (Change in scope of consolidation or scope of application of the equity method)."

2. Use of Accounting Methods Specific to Preparation of the Quarterly Consolidated Financial Statements: No

3. Changes in Accounting Policies and Changes/Restatements in Accounting Estimates

   1. Changes in accounting policies due to amendments of accounting standards : No

   2. Other changes in accounting policies : No

   3. Changes in accounting estimates : No

   4. Restatements : No

      Q1 of the Year Ending March 31, 2026	54,021,824 shares	Year Ended March 31, 2025	54,021,824 shares
      Q1 of the Year Ending March 31, 2026	4,605,115 shares	Year Ended March 31, 2025	3,391,002 shares
      Q1 of the Year Ending March 31, 2026	50,003,464 shares	Q1 of the Year Ended March 31, 2025	51,248,137 shares

4. Number of Shares Issued (Common Stock)

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

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

   3. Average number of shares during the period (cumulative for the quarter)

      Beginning from the Q2 accounting period for the Year Ended March 31, 2017, we have adopted a Board Incentive Plan Trust for director compensation. Our company's shares that are held by this trust are included in treasury shares.

      *Review of the Attached Quarterly Consolidated Financial Statements by a Certified Public Accountant or Auditing Firm: No

      *A Cautionary Note on Forward-looking Statements:

      This report contains forward-looking statements including those concerning the future performance of Topre Corporation ("Topre"), and those statements are based on information available to Topre and certain assumptions that Topre deems reasonable. Various factors may cause Topre's actual results to be materially different from any future performance expressed or implied by these forward-looking statements.

      • Table of Attached Materials

        1. Qualitative Data on Quarterly Financial Results 2

           1. Explanations on Operating Results 2

           2. Explanations on Financial Position 2

           3. Explanation on Consolidated Financial Forecasts and Other Forward-Looking Statements 3

        2. Quarterly Consolidated Financial Statements and Notes 4

           1. Quarterly Consolidated Balance Sheets 4

           2. Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of

              Comprehensive Income 6

              (Quarterly Consolidated Statements of Income) 6

              (Quarterly Consolidated Statements of Comprehensive Income) 7

           3. Notes on Quarterly Consolidated Financial Statements 8

              (Assumptions for going concern) 8

              (Notes if there is a significant change in the amount of shareholders' equity) 8

              (Change in scope of consolidation or scope of application of the equity method) 8

              (Use of accounting methods specific to preparation of the quarterly consolidated financial

              statements) 8

              (Changes in accounting policies) 8

              (Changes in accounting estimates) 8

              (Notes on quarterly consolidated statements of cash flows) 8

              (Segment information) 9

              (Significant subsequent events) 10

        3. Other 10

      (Significant events pertaining to assumptions for going concern) 10

      1. Qualitative Data on Quarterly Financial Results

         1. Explanations on Operating Results

            1. Summary

               In this first quarter, the Group's consolidated net sales were ¥88,120 million, a year-on-year decrease of

               ¥2,462 million (down 2.7%), and operating profit was ¥4,873 million, a year-on-year increase of ¥166 million (up 3.5%). Ordinary profit was ¥2,744 million, a year-on-year decrease of ¥7,819 million (down 74.0%), and profit attributable to owners of parent company for the quarter was ¥2,039 million, a year-on-year decrease of ¥4,972 million (down 70.9%).

            2. Breakdown by business segment Press-Related Products Businesses

               In the Press-Related Products Businesses, net sales decreased year on year due to a decline in shipment volumes in Japan and China and the impact of foreign exchange translation in North America. As a result, in the Press-Related Products Businesses overall, net sales were ¥70,216 million, a year-on-year decrease of

               ¥3,758 million (down 5.1%). In terms of profits, segment income (operating profit) was ¥2,866 million, an increase of ¥45 million (up 1.6%) year on year, reflecting increased sales in India and improved profitability in the United States.

               Temperature Controlled Logistics-Related Businesses

               With regard to the Temperature Controlled Logistics-Related Businesses, in the refrigerator truck division, both net sales and operating profit exceeded those of the same period last year, primarily due to an increase in sales volume of medium-sized vehicles. As a result, net sales for the Temperature Controlled Logistics-Related Businesses overall were ¥14,438 million, a year-on-year increase of ¥1,123 million (up 8.4%). Profits for this segment (operating profit) increased by ¥58 million (up 3.6%) year on year to ¥1,696 million.

               Other Businesses

               In the air-conditioning equipment division, despite restrained investment in the fan segment due to U.S. tariffs, continued deliveries of specialized equipment for semiconductor plants since the second half of last fiscal year led to increases in both net sales and operating profit compared to the previous year. In the electronic devices division, while unit sales of the "REALFORCE" keyboards increased in Japan and North America, they declined in China and South Korea. In addition, sales of OEM custom keyboards also decreased, resulting in lower net sales and operating profit year on year. In the transportation business, both net sales and operating profit increased year on year. As a result, net sales for Other Businesses overall were

               ¥3,466 million, a year-on-year increase of ¥172 million (up 5.2%). Profits for this segment (operating profit) increased by ¥55 million (up 22.6%) year on year to ¥303 million.

         2. Explanations on Financial Position

            Status of Assets, Liabilities, and Net Assets ASSETS

            Current assets were ¥158,506 million mainly due to decreases of cash and deposits.

            Non-current assets were ¥196,791 million, primarily due to a decrease in property, plant and equipment.

            As a result, total assets amounted to ¥355,298 million, a ¥15,788 million decrease compared to the end of the previous consolidated fiscal year.

            LIABILITIES

            Current liabilities were ¥96,607 million, primarily due to a decrease in income taxes payable.

            Non-current liabilities were ¥38,190 million, primarily due to a decrease in long-term loans payable.

            As a result, total liabilities decreased by ¥13,031 million from the end of the previous consolidated fiscal year to ¥134,797 million.

            NET ASSETS

            Net assets amounted to ¥220,500 million, a decrease of ¥2,757 million compared to the end of the previous consolidated fiscal year, primarily due to the purchase of treasury shares and other factors.

         3. Explanation on Consolidated Financial Forecasts and Other Forward-Looking Statements

There is no change to the forecast of consolidated financial results for the second quarter and the full fiscal year ending March 31, 2026, from the forecast announced on May 14, 2025.