Interim report
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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the First Quarter Ended June 30 , 2026 Under Japanese GAAP Accounting FASF MEMBERSHIP August 7 , 2026 Company name : COMSYS Holdings Corporation Stock Exchange Listings : Prime Market of Tokyo Stock Exchange ( Securities code : 1721 ) URL : Representative : For Inquiry : https://www.comsys-hd.co.jp/english/ Hiroshi Tanabe , President , Representative Director Toru Mashimo , Director and General Manager of Finance and Accounting Department ( Telephone : 81-3-3448-7000 ) Scheduled Commencement of Dividend Payment : Supplementary Materials on Financial Results : IR Presentation on Financial Results : Attached Not scheduled Amounts less than one million yen have been omitted . 1. Consolidated Financial Results ( for the three months ended June 30 , 2026 ) ( 1 ) Consolidated Operating Results ( Millions of yen , except per share data and percentages ) Net Sales Operating Profit Ordinary Profit Three months ended June 30 , 2026 June 30 , 2025 Millions of yen 139,329 128,268 % Millions of yen 8.6 9,905 2.5 7,639 % Millions of yen 29.6 10,587 7.6 8,301 Profit Attributable to Owners of Parent % Millions of yen 27.5 7.4 % 8,538 47.4 5,793 26.5 Note : Comprehensive income : Three months ended June 30 , 2026 : Three months ended June 30 , 2025 : ¥ 7,578 million ¥ 6,442 million [ 17.6 % ] [ 63.3 % ] Primary Earnings per Share Diluted Earnings per Share Three months ended June 30 , 2026 June 30 , 2025 Yen 73.89 49.32 Yen 73.14 49.22 ( 2 ) Consolidated Financial Position As of June 30 , 2026 Total Assets Net Assets Equity Ratio Millions of yen 551,582 565,709 Millions of yen 403,896 407,451 % 71.8 70.7 March 31 , 2026 ( Reference ) Shareholders ' equity : As of June 30 , 2026 : As of March 31 , 2026 : ¥ 395,870 million ¥ 399,893 million
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2. Cash Dividends for Sha reholders of Common Shares Cash Dividends per Share over the Fiscal Year End of 1st Quarte r End of 2nd Quarte r End of 3rd Quarte r Yea r-End Annual Yen Yen Yen Yen Yen Year ended March 31, 2026 – 60.00 – 70.00 130.00 Year ending March 31, 2027 – Year ending March 31, 2027 (Forecast) 65.00 – 70.00 135.00 Note: Most recently announced revisions to dividend forecast: No 3. Consolidated Earnings Forecast (for the fiscal year ending March 31, 2027) (Millions of yen, except per share data and percentages) Net Sales Operating Profit Ordinary Profit Profit Attributable to Owners of Parent Primary Earnings per Share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Year ending March 31, 2027 670,000 6.2 54,000 6.1 55,000 5.4 37,860 4.3 327.22 Note: Most recently announced revisions to consolidated earnings forecast: No
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* Notes: (1) Significant changes in scope of consolidation during the period under review: Yes Newly consolidated: Four companies (Company name) World-Eco Co., Ltd. Sun-Takizawa Co., Ltd. Daiei-Kaihatsu Co., Ltd. SANWA E-TECH Inc. Excluded from consolidation: Two companies (Company name) Toyohashi NDS Co., Ltd. Kawasaki Reinetsu Denki Co., Ltd. (2) Adoption of accounting methods specific to quarterly consolidated financial statements: Yes (3) Changes in accounting policies, changes in acco unting estimates and restatements of prior period financial statements due to error correction (i) Changes in accounting policies due to revisions of accounting standards: No (ii) Changes in accounting poli cies due to other reasons: No (iii) Changes in accounting estimates: No (iv) Restatements of prior period financial statements due to error correction: No (4) Number of shares issued (common shares) (i) Number of shares issued (including treasury shares) As of June 30, 2026 118,000,000 shares As of March 31, 2026 118,000,000 shares (ii) Number of treasury shares As of June 30, 2026 2,859,056 shares As of March 31, 2026 2,297,943 shares (iii) Average number of shares issued in the period Three months ended June 30, 2026 115,556,960 shares Three months ended June 30, 2025 117,474,446 shares Note: The Company has introduced the ESOP trust account for sh are grant, and shares of the Company held by this trust are included in the number of treasury shares at the end of period and treasury shares deducted from the calculation of the average number of shares issued during the period. * Review of attached quarterly consolidated financial statements by certified public accountants or an audit corporation: No * Disclaimer concerning the Proper Use of Business Results Forecasts and Other Relevant Specific Items (Caution regarding forward-looking statements and others) Forward-looking statements including earnings forecasts contained in this document are based on certain reasonable assumptions and beliefs in light of information currently available to management. Readers are advised that actual results may differ materially from forecasts due to a variety of factors. With respect to the conditions that underpin earnings forecasts as well as cautionary statements regarding the proper use of earnings forecasts, please refer to “(3) Discussion of Forward-Looking Information, including Consolidated Earnings Forecasts” under “1. Business Review” of this Consolidated Financial Results report in the Accompanying Materials section on page 3. (Regarding the review of attached quarterly consolidated financial statements by certified public accountants or an audit corporation) The Company intends to disclose the quarterly financial results report with the interim review report attached after the review is completed. Scheduled disclosure date: August 14, 2026
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 1 - Accompanying Materials Index 1. Business Review ....................................................................................................................................... 2 (1) Overview of Operating Results for the Period Under Review ........................................................... 2 (2) Overview of Financial Position for the Period Under Review ........................................................... 3 (3) Discussion of Forward-Looking Information, Including Consolidated Earnings Forecasts .............. 3 2. Quarterly Consolidated Financial Statements and Notes .......................................................................... 4 (1) Quarterly Consolidated Balance Sheets ............................................................................................. 4 (2) Quarterly Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ................................................................................................................................................ 6 (3) Notes on Quarterly Consolidated Financial Statements ..................................................................... 8 (Accounting Methods Specific to the Preparation of Quarterly Consolidated Financial Statements) ......................................................................................................................................... 8 (Segment Information, etc.) ................................................................................................................ 9 (Significant Changes in Shareholders’ Equity) ................................................................................ 11 (Going Concern Assumption) ........................................................................................................... 11 (Quarterly Consolidated Statements of Cash Flows) ....................................................................... 11
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 2 - 1. Business Review (1) Overview of Operating Result s for the Period Under Review The consolidated financial results for the three months ended June 30, 2026 is as follows. (Millions of yen) Three months ended June 30, 2026 Year-on-year amount change Year-on-year percentage change Orders Received 194,116 +22,708 +13.2% Net Sales 139,329 +11,060 +8.6% Operating Profit 9,905 +2,265 +29.6% Ordinary Profit 10,587 +2,285 +27.5% Profit Attributable to Owners of Parent 8,538 +2,745 +47.4% The main factors contributing to the increase or decrease in each item compared to the same period of the previous fiscal year are as follows. Orders Received In the telecom-carrier field, although the NCC engineering business is sluggish due to a decrease in capital investment, orders increased due to strong performance continuing from the previous fiscal year for its work to improve communication quality (mobile-related business) in the NTT engineering business. In the IT solutions field, orders decreased due to the absence of large-scale projects in the previous fiscal year. In the social system-related field, orders increased due to the winning of large- scale data center projects and the addition of the order volume from companies that became consolidated subsidiaries in April. As a result, orders received increased by ¥22,708 million or 13.2% year on year to ¥194,116 million. Net Sales In the telecom-carrier field, net sales increased due to strong performance continuing from the previous fiscal year for its work to improve communication quality (mobile-related business) in the NTT Engineering business. In the IT solutions field, net sales were flat year on year as the absence of large- scale projects in the previous fiscal year was offset by other projects. In the social system-related field, net sales increased due to the steady progress of construction for large-scale data center and other projects as well as the increase in consolidated subsidiaries. As a result, net sales increased by ¥11,060 million or 8.6% year on year to ¥139,329 million. Profit In the telecom-carrier field, its work to improve communication quality (mobile-related business) showed strong performance, in addition to the increase in net sales, leading to an increase in profit. In the IT solutions field, there was an absence of large-scale projects in the previous fiscal year, but it was offset by other projects. In the social system-related field, profits have increased due to a favorable performance from increased net sales and initiatives aimed at improving productivity. As a result, operating profit increased by ¥2,265 million or 29.6% year on year to ¥9,905 million and ordinary profit increased by ¥2,285 million or 27.5% year on year to ¥10,587 million. Profit attributable to owners of parent increased by ¥2,745 million or 47.4% year on year to ¥8,538 million due to the sale of investment securities and other factors.
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 3 - Initiatives and results We introduced a Group-wide engagement measurement tool as an initiative to improve employee engagement. Through this initiative, the Group as a whole will strive to align perspectives with employees and improve engagement. In addition, as a result of our initiatives for sustainability management, following our selection last fiscal year as one of the “A List” companies in the “climate change” field by CDP, we have also been selected as one of the “A List” companies in the supplier engagement assessment in the same field. Furthermore, we were selected as a component of the Sompo Sustainability Index for the second consecutive year, receiving a comprehensive evaluation for its ongoing business activities addressing climate change. (2) Overview of Financial Position for the Period Under Review Total assets as of June 30, 2026 amounted to ¥551,582 million, down ¥14,126 million compared with the end of the previous fiscal year. This was mainly attributable to a decrease in notes receivable, accounts receivable from completed construction contracts and other. Liabilities decreased by ¥10,571 million compared with the end of the previous fiscal year, to ¥147,686 million. This was largely attributable to a decrease in notes payable, accounts payable for construction contracts and other. Net assets decreased by ¥3,555 million compared with the end of the previous fiscal year, to ¥403,896 million. This was primarily attributable to payment of dividends from retained earnings. (3) Discussion of Forward-Looking Information, Including Consolidated Earnings Forecasts There are no changes in the consolidated earnings forecast for the full fiscal year ending March 31, 2027, from the earnings forecast announced on May 12, 2026.
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 4 - 2. Quarterly Consolidated Fina ncial Statements and Notes (1) Quarterly Consolid ated Balance Sheets (Millions of yen) As of March 31, 2026 As of June 30, 2026 ASSETS Current assets: Cash and deposits 42,033 71,262 Notes receivable, accounts receivable from completed construction contracts and other 209,870 151,145 Costs on construction contracts in progress 45,580 54,318 Other inventories 8,525 9,222 Other 25,018 33,674 Allowance for doubtful accounts (145) (114) Total current assets 330,883 319,508 Non-current assets: Property, plant and equipment Buildings and structures, net 44,837 45,896 Land 77,046 77,285 Other, net 27,397 28,722 Total property, plant and equipment 149,281 151,905 Intangible assets Goodwill 96 1,210 Other 6,316 6,976 Total intangible assets 6,413 8,186 Investments and other assets Investment securities 41,577 34,339 Other 40,617 40,707 Allowance for doubtful accounts (3,063) (3,063) Total investments and other assets 79,131 71,982 Total non-current assets 234,826 232,074 Total assets 565,709 551,582
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 5 - (Millions of yen) As of March 31, 2026 As of June 30, 2026 LIABILITIES Current liabilities: Notes payable, accounts payable for construction contracts and other 78,494 62,245 Short-term borrowings 2,413 2,628 Income taxes payable 9,900 4,933 Advances received on construction contracts in progress 11,564 21,034 Provisions 484 520 Other 30,188 32,183 Total current liabilities 133,046 123,545 Non-current liabilities: Long-term borrowings – 148 Deferred tax liabilities for land revaluation 1,248 1,248 Retirement benefit liability 11,991 11,593 Provision for retirement benefits for directors (and other officers) 637 606 Provision for environmental measures 400 400 Provision for share awards 289 350 Other 10,644 9,792 Total non-current liabilities 25,211 24,141 Total liabilities 158,257 147,686 NET ASSETS Shareholders’ equity: Share capital 10,000 10,000 Capital surplus 36,903 37,205 Retained earnings 340,162 340,251 Treasury shares (6,710) (9,977) Total shareholders’ equity 380,354 377,478 Accumulated other comprehensive income: Valuation difference on available-for-sale securities 14,234 13,406 Deferred gains or losses on hedges (2) 0 Revaluation reserve for land (7,334) (7,334) Remeasurements of defined benefit plans 12,641 12,318 Total accumulated other comprehensive income 19,539 18,391 Share acquisition rights 1,037 1,024 Non-controlling interests 6,520 7,001 Total net assets 407,451 403,896 Total liabilities and net assets 565,709 551,582
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 6 - (2) Quarterly Consolidated Statem ents of Income and Consolidated Statements of Comprehensive Income (Quarterly Consolidated Statements of Income) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 128,268 139,329 Cost of sales 110,933 118,319 Gross profit 17,335 21,010 Selling, general and administrative expenses 9,695 11,104 Operating profit 7,639 9,905 Non-operating income: Interest income 2 3 Dividend income 537 550 Other 243 217 Total non-operating income 783 772 Non-operating expenses: Interest expenses 6 8 Rental expenses 59 41 Foreign exchange losses 0 21 Depreciation of idle assets 36 6 Other 18 12 Total non-operating expenses 121 90 Ordinary profit 8,301 10,587 Extraordinary income: Gain on sale of investment securities 513 2,510 Other 16 207 Total extraordinary income 530 2,718 Extraordinary losses: Loss on retirement of non-current assets 5 60 Provision for loss compensation – 103 Extra retirement payments 6 5 Loss on sale of investment securities 3 – Other 1 99 Total extraordinary losses 15 269 Profit before income taxes 8,816 13,036 Income taxes 2,901 4,328 Profit 5,914 8,708 Profit attributable to non-controlling interests 120 169 Profit attributable to owners of parent 5,793 8,538
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 7 - (Quarterly Consolidated Statements of Comprehensive Income) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 5,914 8,708 Other comprehensive income: Valuation difference on available-for-sale securities 724 (810) Deferred gains or losses on hedges (25) 2 Remeasurements of defined benefit plans, net of tax (171) (322) Total other comprehensive income 527 (1,129) Comprehensive income 6,442 7,578 (Breakdown) Comprehensive income attributable to owners of parent 6,310 7,390 Comprehensive income attributable to non-controlling interests 131 187
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 8 - (3) Notes on Quarterly Consol idated Financial Statements (Accounting Methods Specific to the Preparation of Quarterly Consolidated Financial Statements) Calculation of Tax Expenses The Company calculates tax expenses by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year, including the cumulative first quarter period under review, and multiplying profit before income taxes by the estimated effective tax rate.
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 9 - (Segment Information, etc.) [Segment Information] I. For the Cumulative First Quarter Ended June 30, 2025 (From April 1, 2025 to June 30, 2025) 1. Net Sales and Profit (Loss) by Reportable Segment and Breakdown of Revenue (Millions of yen) Reportable Segments Nippon COMSYS Group SANWA COMSYS Engineer- ing Group TOSYS Group TSUKEN Group NDS Group SYSKEN Group Hokuriku Denwa Kouji Group COMSYS JOHO SYSTEM Group Sub-total N e t s a l e s : Carrier-Related 21,231 5,681 5,282 8,072 10,214 4,804 2,893 – 58,179 IT Solutions 13,709 – 562 3,759 4,350 572 269 4,799 28,024 Social System-Related 29,042 265 2,072 2,112 6,216 1,271 618 – 41,599 External customers 63,983 5,946 7,917 13,944 20,781 6,648 3,781 4,799 127,803 Inter-segment 1,194 258 210 1,045 140 166 63 783 3,861 Sub-total 65,178 6,204 8,127 14,989 20,921 6,814 3,844 5,583 131,664 Segment profit (loss) 3,981 (33) 35 1,151 1,376 145 350 497 7,504 Other Business (Note 1) Total Adjust- ment (Note 2) Amount Stated on the Quarterly Consoli- dated Statements of Income (Note 3) Net sales: Carrier-Related – 58,179 – 58,179 IT Solutions – 28,024 – 28,024 Social System-Related 465 42,065 – 42,065 External customers 465 128,268 – 128,268 Inter-segment 8,142 12,004 (12,004) – Sub-total 8,608 140,273 (12,004) 128,268 Segment profit (loss) 7,001 14,506 (6,866) 7,639 Notes: 1. The “Other Business” category consists of the staffing business, the shared services business, and COMSYS Holdings Corporation (a pure holding company), which is not attributable to any business segment. 2. Segment profit (loss) adjustment is the resu lt of elimination of intercompany transactions between the Company and business segments and inter-segment transactions. 3. Segment profit (loss) was reconciled to operating profit in the quarterly consolidated statements of income.
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 10 - II. For the Cumulative First Quarter Ended June 30, 2026 (From April 1, 2026 to June 30, 2026) 1. Net Sales and Profit (Loss) by Reportable Segment and Breakdown of Revenue (Millions of yen) Re portable Segments Nippon COMSYS Group SANWA COMSYS Engineer- ing Group TOSYS Group TSUKEN Group NDS Group SYSKEN Group Hokuriku Denwa Kouji Group COMSYS JOHO SYSTEM Group Sub-total N e t s a l e s : Carrier-Related 23,775 4,716 6,032 8,286 10,275 5,398 3,438 – 61,923 IT Solutions 12,754 – 859 1,449 4,771 468 243 7,353 27,900 Social System-Related 33,982 600 2,799 2,035 7,061 1,769 806 – 49,054 External customers 70,512 5,316 9,692 11,771 22,107 7,636 4,487 7,353 138,878 Inter-segment 1,504 281 203 559 176 75 123 1,476 4,400 Sub-total 72,017 5,597 9,895 12,330 22,284 7,711 4,611 8,829 143,278 Segment profit (loss) 5,385 (52) 504 870 1,588 276 580 738 9,892 Other Business (Note 1) Total Adjust- ment (Note 2) Amount Stated on the Quarterly Consoli- dated Statements of Income (Note 3) Net sales: Carrier-Related – 61,923 – 61,923 IT Solutions – 27,900 – 27,900 Social System-Related 450 49,505 – 49,505 External customers 450 139,329 – 139,329 Inter-segment 8,940 13,340 (13,340) – Sub-total 9,390 152,669 (13,340) 139,329 Segment profit (loss) 7,690 17,582 (7,677) 9,905 Notes: 1. The “Other Business” category consists of the staffing business, the shared services business, and COMSYS Holdings Corporation (a pure holding company), which is not attributable to any business segment. 2. Segment profit (loss) adjustment is the resu lt of elimination of intercompany transactions between the Company and business segments and inter-segment transactions. 3. Segment profit (loss) was reconciled to operating profit in the quarterly consolidated statements of income. 2. Information Regarding Impairment Loss on Non-Current Assets and Goodwill by Reportable Segment Significant changes in the amount of goodwill In the TOSYS Group segment, World-Eco Co., Ltd., Sun-Takizawa Co., Ltd., and Daiei- Kaihatsu Co., Ltd. are included in the scope of consolidation as their significance have increased. The increase in the amount of goodwill caused by this event was ¥244 million for the cumulative first quarter period under review. In the SYSKEN Group segment, SANWA E-TECH Inc. is included in the scope of consolidation as its significance has increased.
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COMSYS Holdings Corporation (1721) Consolidated Financial Results for the First Quarter Ended June 30, 2026 - 11 - The increase in the amount of goodwill caused by this event was ¥994 million for the cumulative first quarter period under review. (Significant Changes in Shareholders’ Equity) The balance of treasury shares at the end of the cumulative first quarter period under review increased by ¥3,266 million from the end of the previous fiscal year to ¥9,977 million. The main factors are as follows. Purchase of Treasury Shares In accordance with the resolution of the Board of Directors’ meeting held on May 12, 2026, the Company purchased 655,000 treasury shares between May 13 and June 30, 2026. As a result, treasury shares increased by ¥3,548 million in the cumulative first quarter period under review. (Going Concern Assumption) Not applicable (Quarterly Consolidated Statements of Cash Flows) The Company has not prepared a quarterly statement of cash flows for the cumulative first quarter period under review. Depreciation and amortization (including amortization related to intangible assets, excluding goodwill) and amortization of goodwill in the cumulative first quarter period are as follows. (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Depreciation and amortization 2,617 2,783 Amortization of goodwill 34 125