Torishima Pump Mfg : Consolidated Financial Results for the 2nd quarter of FY2025

November 12, 2025

Company name: Torishima Pump Mfg. Co., Ltd.

Stock exchange listings: Tokyo Stock Exchange

Stock code: 6363

URL: https://http://www.torishima.co.jp

Representative: Kotaro Harada, Representative Director, CEO

Contact: Ko Kaneko, Deputy General Manager of Administration Division

TEL: +81 72-695-0551

Scheduled date for submission of interim report: Scheduled date of starting dividend payment: Preparing supplementary material on quarterly financial results:

November 13, 2025

December 5, 2025 Yes

Financial results briefing: Yes (for investment analysts and institutional investors)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Six Months of the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to September 30, 2025)
   1. Consolidated operating results (Cumulative) (Percentages indicate YoY changes)

      	Net sales		Operating income		Ordinary income		Net income attributable to owners of parent
      Six months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      September 30, 2025	41,240	9.8	532	△16.1	40	-	△56	-
      September 30, 2024	37,565	10.9	635	△66.2	△168	-	459	△64.5

      	Net income per share	Net income per share-Diluted
      Six months ended	Yen	Yen
      September 30, 2025	△2.13	-
      September 30, 2024	17.29	17.24

      (Note) Comprehensive income For the six months ended March 2026: 235 million yen (△85.0 %) For the six months ended March 2025: 1,578 million yen (△46.1 %)

   2. Consolidated financial positions

      	Total assets	Net assets	Equity ratio
      As of	Million yen	Million yen	%
      September 30, 2025	110,205	55,048	49.5
      March 31, 2025	115,621	56,417	48.4

      (Reference) Owner's equity As of the end of the six months ending March 2026: 54,584 million yen As of the end of the fiscal year ended March 2025: 55,954 million yen

2. Cash dividends

   	Dividends per share
   	End of first quarter	End of second quarter	At the end of the third quarter	Fiscal year-end	Total
   Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026	Yen	Yen	Yen	Yen	Yen
   	- -	30.00 31.00	-	30.00	60.00

   Fiscal year ending March 31, 2026 (Forecast)

   -

   31.00

   62.00

   (Note) Presence or absence of revisions to the most recently announced dividend forecast: None

3. Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2026 (from April 01, 2025 to March 31, 2026)

(Percentages indicate YoY changes)

(Note) Correction of financial forecast from the most recent financial forecast: Yes

• Notes

  1. Significant changes in the scope of consolidation during the period: None Newly included: -, Excluded: -

  2. Application of specific accounting treatments for the preparation of interim consolidated financial statements: Yes

     (Note) For details, please refer to the attached document on page 8, "2. Interim Consolidated Financial Statements and Main Notes (3) Notes on Interim Consolidated Financial Statements (Notes on accounting procedures specific to the preparation of interim consolidated financial statements)."

  3. Changes in accounting policies, Changes in accounting estimates, Retrospective restatement

     1. Changes in accounting policies based on revisions of accounting standard: None

     2. Changes in accounting policies other than (i): None

     3. Changes in accounting estimates: None

     4. Retrospective restatement: None

        (Note) For details, please refer to the attached document, p.8 "2. Interim Consolidated Financial Statements and Main Notes (3) Notes to Interim Consolidated Financial Statements（Notes on changes in accounting policies）."

  4. Number of shares issued (common stock)

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

        As of September 30, 2025	29,045,679 shares
        As of March 31, 2025	29,045,679 shares

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

        As of September 30, 2025	2,728,982 shares
        As of March 31, 2025	2,412,759 shares

     3. Average number of shares outstanding during the period (interim)

     As of September 30, 2025	26,524,531 shares
     As of September 30, 2024	26,578,748 shares

     (Note) The Number of treasury stock at the period end for the fiscal year ending March 2025 includes treasury shares held by the stock grant trust (ESOP).

     Note that the treasury shares included in the stock benefit trust (ESOP) are 149,200 shares for the fiscal year ending March 2025.

• The second quarter (interim) financial results report is not subject to review by certified public accountants or audit firms.

• Notes on the appropriate use of forecasts and other special items (Cautionary Statement Regarding Forward-Looking Statements)

Forward-looking statements such as performance forecasts contained in this document are based on information currently available to the Company and on certain assumptions deemed reasonable, and are not intended as a guarantee of their achievement. Actual results may differ significantly due to various factors. For the conditions underlying the forecasts and notes regarding the use of forecasts, please refer to the attached document on P.2, "1. Overview of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Forecasts."

Table of Contents

1. Overview of Operating Results, etc 2

   1. Overview of operating results for the interim period 2

   2. Overview of Financial Positions for the Interim Period 2

   3. Explanation regarding forward-looking statements such as consolidated forecasts 3

2. Interim Consolidated Financial Statements and Main Notes 3

   1. Interim Consolidated Balance Sheet 3

   2. Interim Consolidated Statement of Income and Interim Consolidated Statement of Comprehensive Income 5

      (Interim Consolidated Statement of Income) 5

      (Interim Consolidated Statement of Comprehensive Income) 6

   3. Notes to the Interim Consolidated Financial Statements 7

      (Notes regarding the assumption of a going concern) 7

      (Notes in case of significant changes in the amount of shareholders' equity) 7

      (Notes on the interim consolidated balance sheet) 7

      (Notes to the interim consolidated statement of income) 8

      (Notes on segment information, etc.) 8

      (Notes on accounting procedures specific to the preparation of interim consolidated financial statements) . 8 (Notes on changes in accounting policies) 8

      (Notes on changes in accounting estimates) 8

      (Additional information) 8

      (Significant Subsequent Events) 8

3. Supplementary Information, etc 9

   1. Production, Orders, and Sales Status 9

1. Overview of Operating Results, etc.

   1. Overview of operating results for the interim period

      During the interim period, geopolitical risks have persisted and major countries' policy shifts have further heightened uncertainty. In the United States, the implementation of additional tariffs due to the review of trade policies is affecting international supply chains, increasing uncertainty in trade policy, and raising concerns about a decline in exports due to a reactionary drop following last-minute demand. In China, although the effects of various policies are evident, adjustments in the real estate market and delays in the recovery of domestic demand are weighing on growth. In Europe, while inflation is showing signs of subsiding, economic recovery remains sluggish. In the foreign exchange market, interest rate differentials among Japan, the US, and Europe, combined with US government policies, have led to continued instability, impacting corporate earnings structures and procurement costs. Under these circumstances, companies are required to respond with greater flexibility and agility.

      In the pump industry, demand for pumps is expected to remain firm due to ongoing infrastructure development focused on water resources to address global population growth, renewal of aging facilities, and disaster prevention and mitigation measures in response to abnormal weather. However, there is a possibility that the order environment may deteriorate depending on economic conditions.

      Under these circumstances, our group is promoting research and development of pump technologies for handling hydrogen and ammonia, which contribute to a carbon-neutral society, as well as joint development through industry-academia collaboration, in order to meet social demands as an essential infrastructure company.

      In this way, we are striving to develop new pumps required by society, while also working to improve facilities and systems for pump manufacturing, thereby enhancing productivity and production capacity.

      For the six months ended September 30, 2025, orders received by our group amounted to 48,282 million yen (a decrease of 9,536 million yen compared to the same period of the previous year). Breaking this down by customer category, orders from Public and public-sector were 11,428 million yen (a decrease of 3,431 million yen year on year), private-sector orders were 6,051 million yen (an increase of 385 million yen year on year), and overseas orders were 30,802 million yen (a decrease of 6,491 million yen year on year).

      Net sales for the six months ended September 30, 2025 were 41,240 million yen (an increase of 3,675 million yen year on year).

      In terms of profitability, operating profit for the six months ended September 30, 2025 was 532 million yen (a decrease of 102 million yen year on year), and the ratio of operating profit to net sales was 1.3%.

      Ordinary profit was 40 million yen (compared to an ordinary loss of 168 million yen in the same period of the previous year) as a result of foreign exchange losses of 723 million yen recorded as non-operating expenses. The ratio of ordinary profit to net sales was 0.1%.

      The interim net loss attributable to owners of parent was 56 million yen (compared to a profit attributable to owners of parent of 459 million yen in the same period of the previous year), and the ratio of net income to net sales was 0.1%. In addition, interim net loss per share was 2.13 yen.

   2. Overview of Financial Positions for the Interim Period

      As for total assets at the end of the interim consolidated accounting period, they decreased by 5,415 million yen compared to the end of the previous consolidated fiscal year, amounting to 110,205 million yen. This was mainly due to factors such as a decrease in notes and accounts receivable - trade, and contract assets (a decrease of 6,052 million yen compared to the end of the previous consolidated fiscal year), despite an increase in work in process (an increase of 1,440 million yen compared to the end of the previous consolidated fiscal year) and an increase in investment securities (an increase of 1,995 million yen compared to the end of the previous consolidated fiscal year).

      Liabilities decreased by 4,047 million yen compared to the end of the previous fiscal year, amounting to 55,157 million yen. This was mainly due to a decrease in notes and accounts payable - trade (a decrease of 4,952 million yen compared to the end of the previous fiscal year), despite an increase in contract liabilities (an increase of 291 million yen compared to the end of the previous fiscal year).

      Regarding net assets, they decreased by 1,368 million yen compared to the end of the previous consolidated fiscal year, amounting to 55,048 million yen.

   3. Explanation regarding forward-looking statements such as consolidated forecasts

   Regarding the forecasts for the fiscal year ending March 2026, please refer to the "Notice on Revision of Full-Year Forecasts for the Fiscal Year Ending March 2026" announced on November 12, 2025. 2. Interim Consolidated Financial Statements and Main Notes

2. Interim Consolidated Financial Statements and Main Notes

   1. Interim Consolidated Balance Sheet

      Previous fiscal year (March 31, 2025)

      (Unit: Million yen)

      For the six months ended (September 30, 2025)

      Assets

      Current assets

      Cash and deposits 17,115 15,052

Notes and accounts receivable - trade, and

38,974 32,922

Previous fiscal year (March 31, 2025)

(Unit: Million yen)

For the six months ended (September 30, 2025)

Liabilities

Current liabilities

1. Interim Consolidated Statement of Income and Interim Consolidated Statement of Comprehensive Income

   (Interim Consolidated Statement of Income)

   (Unit: Million yen)

   Previous six-month For the six months ended consolidated accounting period From April 1, 2025 (From April 1, 2024 until September 30, 2025 until September 30, 2024
   Net sales	37,565	41,240
   Cost of sales	27,991	31,381
   Gross profit	9,573	9,858
   Selling, general and administrative expenses	8,938	9,325
   Operating profit	635	532
   Non-operating income
   Dividend income	169	173
   Share of profit of entities accounted for using equity method	39	23
   Rental income	59	58
   Other	200	142
   Total non-operating income	469	397
   Non-operating expenses
   Interest expenses	74	131
   Foreign exchange losses	1,123	723
   Other	75	34
   Total non-operating expenses	1,272	889
   Ordinary profit (loss)	△168	40
   Extraordinary income
   Gain on sale of investment securities	1,020	-
   Total extraordinary income	1,020	-
   Net income before income taxes	852	40
   Income taxes	360	84
   Net income or interim net loss(△)	492	△43
   Net income attributable to non-controlling interests	32	13
   Interim net loss attributable to owners of parent (△)	459	△56

   (Interim Consolidated Statement of Comprehensive Income)

   Previous six-month

   (Unit: Million yen) For the six months ended

   consolidated accounting period From April 1, 2025

   (From April 1, 2024

   until September 30, 2024

   until September 30, 2025

   Net income or interim net loss (△)	492	△43
   Other comprehensive income
   Valuation difference on available-for-sale securities	△923	1,197
   Deferred gains or losses on hedges	757	165
   Foreign currency translation adjustment	1,319	△1,018
   Remeasurements of defined benefit plans, net of tax	△66)	△66
   Share of other comprehensive income of entities △0 1
   accounted for using equity method
   Total other comprehensive income	1,086	279
   Comprehensive income	1,578	235
   Profit attributable to
   Interim comprehensive income attributable to 1,515 233 owners of the parent

   Interim comprehensive income attributable to non-controlling interests

   62 1

2. Notes to the Interim Consolidated Financial Statements

   (Notes regarding the assumption of a going concern) There are no applicable items.

   (Notes in case of significant changes in the amount of shareholders' equity) There are no applicable items.

   (Notes on the interim consolidated balance sheet)

   *1 Financial covenants

   Previous fiscal year (March 31, 2025)

   Of the Company's borrowings, the monetary loan agreement of 2,500 million yen through syndicated loans and term loans is subject to financial covenants.

   If any of the following provisions are violated, you may lose the benefit of time and be required to repay the principal and interest upon the lender's demand.

   1. Maintain an amount of consolidated net assets on the balance sheet as of the end of each fiscal year that is at least 75% of the greater of (a) the amount of consolidated net assets on the balance sheet as of the end of the immediately preceding fiscal year, or (b) the amount of consolidated net assets on the balance sheet as of the end of the fiscal year immediately preceding the fiscal year in which the loan agreement was executed.

   2. The ordinary profit or loss on the consolidated statement of income for each fiscal year must not record a loss for two consecutive periods.

For the six months ended September 30, 2025

Of the Company's borrowings, the monetary loan agreement of 2,500 million yen through syndicated loans and term loans is subject to financial covenants.

If any of the following provisions are violated, you may lose the benefit of time and be required to repay the principal and interest upon the lender's demand.

1. Maintain an amount of consolidated net assets on the balance sheet as of the end of each fiscal year that is at least 75% of the greater of (a) the amount of consolidated net assets on the balance sheet as of the end of the immediately preceding fiscal year, or (b) the amount of consolidated net assets on the balance sheet as of the end of the fiscal year immediately preceding the fiscal year in which the loan agreement was executed.

2. The ordinary profit or loss on the consolidated statement of income for each fiscal year must not result in a loss for two consecutive periods.

(Notes to the interim consolidated statement of income)

*1 The major items and amounts included in selling, general and administrative expenses are as follows.

(Million yen)

Previous interim consolidated accounting period

(From April 1, 2024

until September 30, 2024

For the six months ended From April 1, 2025

until September 30, 2025

1. The previous six months ended September 30, 2024 and the current six months ending September 30, 2025

   In our group, since the manufacturing and construction of finished goods, for which delivery deadlines are mainly concentrated at the end of the fiscal year, are our primary operations, net sales and operating expenses in the first half of the year are usually lower than those in the second half.

   (Notes on segment information, etc.) [Segment Information]

   1. For the six months ended September 30, 2024

      As the "Pump Business" accounts for more than 90% of both the total net sales and the total operating profit and loss of all segments in our group, the details are omitted.

   2. For the six months ended September 30, 2025

As the "Pump Business" accounts for more than 90% of both the total Net sales and the total operating profit and loss of all segments in our group, the details are omitted.

(Notes on accounting procedures specific to the preparation of interim consolidated financial statements)

(Calculation of tax expenses)

With regard to income tax expenses, the effective tax rate after applying tax effect accounting to the pre-tax Net income for the consolidated fiscal year including the current interim consolidated accounting period is reasonably estimated, and the estimated effective tax rate is applied to the pre-tax Net income to calculate the tax expenses.

However, if the estimated effective tax rate cannot be used, the statutory effective tax rate is applied.

(Notes on changes in accounting policies) There are no applicable items.

(Notes on changes in accounting estimates) There are no applicable items.

(Additional information)

There are no applicable items.

(Significant Subsequent Events) There are no applicable items.

1. Supplementary Information, etc.

(1) Production, Orders, and Sales Status Production, Orders, and Sales Status by Segment