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TAIKI - SHA LTD . Financial Results Material The First Quarter of FY2026 August 7 , 2026 TAIKI - SHɅLD .
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2 Copyright 2026 Taikisha Lt d., All Rights Reserved. 1. Financial Summary2. Financial Summary by Segment3. Financial Statement4. Shareholder ReturnsP.03P.08P.22P.25 Table ofContents
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3 Copyright 2026 Taikisha Lt d., All Rights Reserved. 1. Financial Summary2. Financial Summary by Segment3. Financial Statement4. Shareholder ReturnsP.03P.08P.22P.25 Table ofContents
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 4 First Quarter of FY2026 Financial Highlight Orders receivedQoQ Change+7.5%Ordinary income3.8Billion yenNet sales of completed construction contracts61.3Billion yenProfit attributable to owners of parent2.0Billion yen Business environment OverseasDespite concern about a global economic slowdown, capital investment by manufacturers remained steady.Business environment JapanCapital investment in electronic components, semiconductor-related operations and data centers continued, while urban redevelopment demand remained robust.QoQ Change-4.2%QoQ Change-7.9%QoQ Change-28.4%105.4Billion yen
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 5 First Quarter of FY2026 Financial SummaryQoQCange1Q FY2026Results1Q FY2025Results7.3105.498.0Orders received-2.661.364.0Net sales of completed construction contracts-0.33.84.1Ordinary income-0.3pt6.3%6.5%Ratio-0.82.02.8Profit attributable to owners of parent-1.1pt3.3%4.4%Ratio-11.64 yen 32.29 yen 43.93 yen EPSJPY bn 1Q FY20261Q FY2025156.49152.93US4.944.51THB22.5820.98CNY1.701.71INRYen▍Exchange rate of main overseas affiliates▍Exchange rate impactImpact of exchange rate difference between andSales1.3 billion yenOrdinary income0.06 billion yen
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0.49 -0.49 -0.43 0.10 1Q FY2025 decrease ofsalesImprovement ofGross profit on completedconstruction contractsincrease of Selling, general andadministrative expensesNon-operating incomeand expenses1Q FY20260.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 Copyright 2026 Taikisha Lt d., All Rights Reserved. 6 First Quarter of FY2026 Breakdown of fluctuation in Ordinary Income 4.1 3.8▍Breakdown of fluctuation in Ordinary Income QoQ changeJPY bnIncreaseDecreaseTotal amount
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 7 FY2026 Earnings ForecastFY2026ForecastsFY2025ResultsTotal2Q-4Q1QResultsTotal2Q-4Q1Q330.5225.0105.4351.7253.798.0Orders received307.0245.661.3286.1222.064.0Net sales of completed construction contracts23.820.23.523.319.33.9Operating income25.021.13.824.720.64.1Ordinary income18.015.92.015.512.72.8Profit attributable to owners of parent11.0%10.1%ROEJPY bn FY2026AssumptionsFY2025Results148.00150.42US$4.924.57THB20.8020.94CNY1.68 1.71INR ▍Earnings Forecast ▍Exchange rate of main overseas affiliatesYen▍Impact of exchange rate fluctuationsImpact of 1% change in all exchange rates on the FY2026 forecastSales1.6 billion yenOrdinary income0.1 billion yen
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8 Copyright 2026 Taikisha Lt d., All Rights Reserved. 1. Financial Summary2. Financial Summary by Segment3. Financial Statement4. Shareholder ReturnsP.03P.08P.22P.25 Table ofContents
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9 First Quarter of FY2026 Orders received by SegmentQoQChange1Q FY2026Results1Q FY2025Results7.3105.498.0Orders received53.081.228.1Japan-45.624.169.8Overseas52.990.637.6Green Technology11.620.28.5Building HVAC41.270.329.1Industrial HVAC-45.514.359.8Paint Finishing0.00.40.4Other (JPY bn) Copyright 2026 Taikisha Lt d., All Rights Reserved.
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10.78.520.223.716.356.612.412.713.601020304050607080901QFY20241QFY20251QFY2026Copyright 2026 Taikisha Lt d., All Rights Reserved. 10 First Quarter of FY2026 Orders received -Green Technology System Division- 37.646.990.6 QoQChange1Q FY2026Results1Q FY2025Results52.990.637.6Orders received11.620.28.5Building HVAC41.270.329.1Industrial HVAC40.356.616.3Japan0.813.612.7Overseas-18.9pt15.1%34.0%Overseas ratio(JPY bn)▍Trend*(JPY bn)+140.4%Building HVACIndustrial HVACJapanIndustrial HVACOverseas* Figures for FY2024 are those before the segment classification change.
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6.82.73.813.757.010.40.030.060.01QFY20241QFY20251QFY2026Copyright 2026 Taikisha Lt d., All Rights Reserved. 11 First Quarter of FY2026 Orders received -Paint Finishing System Division- 20.659.814.3 QoQChange1Q FY2026Results1Q FY2025Results-45.514.359.8Orders received1.03.82.7Japan-46.510.457.0Overseas-22.0pt73.4%95.3%Overseas ratio(JPY bn)▍Trend(JPY bn)-76.1%Paint Finishing(Japan)Paint FinishingOverseas
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55.5 86.9 95.4 49.4 46.2 87.2 41.5 52.7 53.7 15.9 19.8 21.1 108.1 98.2 98.4 0.9 0.3 1.2 -10.0 40.0 90.0 140.0 190.0 240.0 290.0 340.0 390.0 1Q FY2025FY20251Q FY2026 ChangeCA1Q FY2026CFY2025B1Q FY2025A 7.3105.4351.798.0Orders received-2.661.3286.164.0Net sales of completed construction contracts85.5357.2304.4271.6Constructioncarried-forward89.7236.4185.9146.6Green Technology39.895.486.955.5Building HVAC49.9140.999.091.0Industrial HVAC-4.5119.5118.1124.1Paint Finishing0.31.20.30.9Other12 First Quarter of FY2026 Construction Carried-Forward by SegmentJPY bn Copyright 2026 Taikisha Lt d., All Rights Reserved. ▍Breakdown of Construction Carried-ForwardJPY bn357.2271.6304.4Building HVACIndustrial HVACJapanIndustrial HVACOverseasPaint FinishingJapanPaint FinishingOverseasOthers
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 13 First Quarter of FY2026 Net Sales and Ordinary income by SegmentQoQChange1Q FY2026Results1Q FY2025Results-2.661.364.0Net sales of completed construction contracts-5.929.435.4Japan3.331.928.5Overseas-1.341.943.2Green Technology2.611.28.6Building HVAC-3.930.634.6Industrial HVAC-1.219.120.3Paint Finishing-0.00.30.3Other-0.33.84.1Ordinary income-0.3pt6.3%6.5%Ratio-0.0 3.7 3.8 Green Technology0.0pt9.0%9.0%Ratio-0.1 -0.4 -0.2 Paint Finishing-0.8pt-2.3%-1.5%Ratio-0.1 -0.1 -0.0 Other-45.2pt-52.3%-7.1%Ratio (JPY bn)
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7.98.611.212.521.215.313.0 13.4 15.3 1.93.83.7024681012140102030405060701QFY20241QFY20251QFY2026Copyright 2026 Taikisha Lt d., All Rights Reserved. 14 First Quarter of FY2026 Net Sales and Ordinary income -Green Technology System Division- 33.543.241.9-3.0%▍Trend*(JPY bn)Net Sales Building HVACNet Sales Industrial HVACJapanNet Sales Industrial HVACOverseasOrdinary income QoQChange1Q FY2026Results1Q FY2025Results-1.341.943.2Net sales of completed construction contracts2.611.28.6Building HVAC-3.930.634.6Industrial HVAC-5.815.321.2Japan1.815.313.4Overseas5.5pt36.5%31.0%Overseas ratio-0.03.73.8Ordinary income0.0pt9.0%9.0%Ratio(JPY bn) * Figures for FY2024 are those before the segment classification change.
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5.35.22.414.215.116.60.2-0.2-0.4-1.5-1-0.500.511.52-15-55151QFY20241QFY20251QFY2026Copyright 2026 Taikisha Lt d., All Rights Reserved. 15 First Quarter of FY2026 Net Sales and Ordinary income -Paint Finishing System Division- 20.319.1-6.2%▍Trend(JPY bn)Net Sales Paint Finishing(Japan)Net Sales Paint Finishing(OverseasOrdinary income QoQChange1Q FY2026Results1Q FY2025Results-1.219.120.3Net sales of completed construction contracts-2.72.45.2Japan1.416.615.1Overseas12.6pt87.0%74.4%Overseas ratio-0.1-0.4-0.2Ordinary income-0.8pt-2.3%-1.5%Ratio(JPY bn) 19.5
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 16 FY2026 Earnings Forecast Orders received by SegmentFY2026ForecastsFY2025ResultsTotal2Q-4Q1QResultsTotal2Q-4Q1Q330.5 225.0 105.4 351.7 253.7 98.0 Orders received172.4 91.1 81.2 166.2 138.0 28.1 Japan158.1 133.9 24.1 185.4 115.6 69.8 Overseas231.0 140.3 90.6 214.5 176.8 37.6 Green Technology47.0 26.7 20.2 77.1 68.5 8.5 Building HVAC184.0 113.6 70.3 137.3 108.2 29.1 Industrial HVAC97.0 82.6 14.3 135.1 75.3 59.8 Paint Finishing2.5 2.0 0.4 2.0 1.6 0.4 Other (JPY bn)
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 17 FY2026 Earnings Forecast Orders received -Green Technology System Division-FY2026ForecastsFY2025ResultsTotal2Q-4Q1QResultsTotal2Q-4Q1Q231.0 140.3 90.6 214.5 176.8 37.6 Orders received47.0 26.7 20.2 77.1 68.5 8.5 Building HVAC184.0 113.6 70.3 137.3 108.2 29.1 Industrial HVAC110.0 53.3 56.6 65.0 48.7 16.3 Japan74.0 60.3 13.6 72.3 59.5 12.7 Overseas32.0%43.0%15.1%33.7%33.7%34.0%Overseas ratio (JPY bn)
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 18 FY2026 Earnings Forecasts Orders received -Paint Finishing System Division-FY2026ForecastsFY2025ResultsTotal2Q-4Q1QResultsTotal2Q-4Q1Q97.082.614.3135.175.359.8Orders received12.99.03.822.019.22.7Japan84.173.610.4113.156.057.0Overseas86.7%89.0%73.4%83.7%74.5%95.3%Overseas ratio(JPY bn)
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 19 FY2026 Earnings Forecast Net Sales and Ordinary Income by SegmentFY2026ForecastsFY2025ResultsTotal2Q-4Q1QResultsTotal2Q-4Q1Q307.0 245.6 61.3 286.1 222.0 64.0 Net sales of completed construction contracts140.1 110.6 29.4 142.0 106.6 35.4 Japan166.9 134.9 31.9 144.0 115.4 28.5 Overseas195.0 153.0 41.9 181.2 137.9 43.2 Green Technology44.0 32.7 11.2 46.1 37.5 8.6 Building HVAC151.0 120.3 30.6 135.0 100.4 34.6 Industrial HVAC110.0 90.8 19.1 103.0 82.7 20.3 Paint Finishing2.0 1.6 0.3 1.7 1.3 0.3 Other25.0 21.1 3.8 24.7 20.6 4.1 Ordinary income8.1%8.6%6.3%8.7%9.3%6.5%Ratio21.8 18.0 3.7 21.0 17.1 3.8 Green Technology11.2%11.8%9.0%11.6%12.4%9.0%Ratio4.2 4.6 -0.4 4.3 4.6 -0.2 Paint Finishing3.8%5.1%-2.3%4.2%5.6%-1.5%Ratio-0.7 -0.5 -0.1 -0.2 -0.2 -0.0 Other-35.0%-31.6%-52.3%-13.4%-15.2%-7.1%Ratio (JPY bn)
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 20 FY2026 Earnings Forecast Net Sales and Ordinary Income -Green Technology System Division-FY2026ForecastsFY2025ResultsTotal2Q-4Q1QResultsTotal2Q-4Q1Q195.0 153.0 41.9 181.2 137.9 43.2 Net sales of completed construction contracts44.0 32.7 11.2 46.1 37.5 8.6 Building HVAC151.0 120.3 30.6 135.0 100.4 34.6 Industrial HVAC80.0 64.6 15.3 73.6 52.4 21.2 Japan71.0 55.6 15.3 61.4 48.0 13.4 Overseas36.4%36.4%36.5%33.9%34.8%31.0%Overseas ratio21.8 18.0 3.7 21.0 17.1 3.8 Ordinary income11.2%11.8%9.0%11.6%12.4%9.0%Ratio
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 21 FY2026 Earnings Forecast Net Sales and Ordinary Income -Paint Finishing System Division-FY2026ForecastsFY2025ResultsTotal2Q-4Q1QResultsTotal2Q-4Q1Q110.0 90.8 19.1 103.0 82.7 20.3 Net sales of completed construction contracts14.1 11.6 2.4 20.5 15.2 5.2 Japan95.9 79.2 16.6 82.5 67.4 15.1 Overseas87.2%87.2%87.0%80.1%81.5%74.4%Overseas ratio4.2 4.6 -0.4 4.3 4.6 -0.2 Ordinary income3.8%5.1%-2.3%4.2%5.6%-1.5%Ratio
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22 Copyright 2026 Taikisha Lt d., All Rights Reserved. 1. Financial Summary2. Financial Summary by Segment3. Financial Statement4. Shareholder ReturnsP.03P.08P.22P.25 Table ofContents
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 23 1QFY20261QFY20251QFY202461.364.053.0Net sales of completed construction contracts10.410.48.2Gross profit on completed construction contracts17.0%16.2%15.5%Ratio3.53.92.5Operating income5.8%6.2%4.8%Ratio3.84.12.8Ordinary income6.3%6.5%5.3%Ratio2.02.82.4Profit attributable to owners of parent3.3%4.4%4.6%Ratio (JPY bn)Income Statements53.064.061.315.5%16.2%17.0%4.8%6.2%5.8%5.3%6.5%6.3%4.6%4.4%3.3%2.0%4.0%6.0%8.0%10.0%12.0%14.0%16.0%18.0%0.010.020.030.040.050.060.070.01QFY20241QFY20251QFY2026SalesGross profit on completed construction contracts ratioOperating income ratioOrdinary income ratioNet income ratio
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 24 Balance SheetsChange1QFY2026FY2025Subject-20.5 196.7 217.3 Current assets-21.8 68.8 90.6 Cash and deposits-12.3 100.5 112.8 Notes receivable, accounts receivable from completed construction contracts and other10.0 10.0 -Securities0.9 4.4 3.4 Costs on uncompleted construction contractsRaw materials and supplies2.5 14.2 11.7 Other0.0 -1.2 -1.3 Allowance for doubtful accounts22.3 91.7 69.4 Non-current assets0.0 13.5 13.5 Property, plant and equipment-0.0 0.9 0.9 Goodwill0.0 1.3 1.3 Other intangible assets15.4 48.4 32.9 Investment securities-0.1 0.7 0.9 Deferred tax assets6.9 26.8 19.8 Other0.0 -0.1 -0.1 Allowance for doubtful accounts1.7 288.5 286.8 Total assets JPY bnChange1QFY2026FY2025Subject-19.6 82.4 102.1 Current liabilities-8.4 35.6 44.0 Notes payable, accounts payable for construction contracts and other 2.3 3.6 1.2 Short-term loans payable1.4 28.8 27.4 Advances received on uncompleted construction contracts-0.6 0.1 0.7 Provision for loss on construction contracts-14.3 14.2 28.6 Other7.9 22.3 14.4 Non-current liabilities-11.7 104.8 116.5 Total liabilities13.4 183.7 170.2 Net assets-6.4 6.4 Capital stock-3.6 3.6 Capital surplus-2.4 117.3 119.7 Retained earnings-0.0 -1.0 -1.0 Treasury shares10.5 27.1 16.5 Valuation difference on available-for-sale securities-0.0 -0.0 0.0 Deferred gains or losses on hedges0.4 11.7 11.3 Foreign currency translation adjustment4.9 9.1 4.1 Accumulated remeasurements of defined benefit plans-0.0 9.1 9.2 Non-controlling interests1.7 288.5 286.8 Total liabilities and net assets
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25 Copyright 2026 Taikisha Lt d., All Rights Reserved. 1. Financial Summary2. Financial Summary by Segment3. Financial Statement4. Shareholder ReturnsP.03P.08P.22P.25 Table ofContents
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 26 Dividend▍Equity and DOE trends▍Dividend and payout ratio trendsDOE4.5%Equity JPY bnDOEAnnual dividend per share (JPY)Dividend Payout RatioAimed ROE level11%Dividend payout ratio40%Dividend Policy: DOEDividend policyWe will implement steady dividends targeting a consolidated dividend on equity ratio (DOE) of 4.5% (ratio revision effective from FY2025) FY2026 dividend per share planned at JPY119(JPY50 for the first half and JPY69 for the second half)Dividend Policy: DOE ※A 2-for-1 share split of common shares was conducted on April 1, 2025. Annual dividend amounts before the fiscal year ended March 31, 2025, was calculated assuming that the stock split had been conducted.121.0 124.6 125.7 144.0 148.0 160.9 166.4 169.8 2.7%2.8%3.2%3.2%3.2%4.5%4.5%4.5%0.0%1.0%2.0%3.0%4.0%5.0%0.050.0100.0150.0200.0250.0300.0 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026PlanFY2027Plan Medium-term business plan period45.050.060.565.572.0110.0119.0125.037.0%47.0%51.6%27.8%42.5%44.9%41.6%48.6%-10.00%0.00%10.00%20.00%30.00%40.00%50.00%60.00%0.020.040.060.080.0100.0120.0140.0160.0FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026PlanFY2027Plan Medium-term business plan period
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 27 Shareholder Returns and Total Payout ratio▍Shareholder returns and total payout ratio * The amount of treasury shares includes the acquisition of fractional shares. Policy for treasury share acquisition To improve capital efficiency and realize flexible financial policies, Taikisha plans to acquire JPY5 billion in treasury shares per year during the period of its medium-term business plan.(The Board of Directors on August 7, 2026, resolved a JPY5 billion repurchase for FY2026.)Total dividends (JPY bn)Value of treasury shares acquired (JPY bn)Total payout ratio 1.832.312.402.553.103.423.073.424.064.334.696.977.407.580.0 2.2 1.0 0.5 0.0 0.0 0.0 0.0 3.0 2.0 2.0 5.0 5.0 5.0 30.2%63.9%54.0%42.2%35.1%37.5%37.2%47.2%89.3%40.6%60.7%76.8%68.9%79.7% -20.0%0.0%20.0%40.0%60.0%80.0%100.0% 0.002.004.006.008.0010.0012.0014.0016.0018.0020.00 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026ResolvedFY2027Plan Medium-term business plan period
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Copyright 2026 Taikisha Lt d., All Rights Reserved. 28 DisclaimerDisclaimer Regarding ProjectionsData and projections contained in this document are based on the judgments and available information as of the date of publication. They are subject to change due to various factors and guarantee neither the achievement of targets or forecasts nor future performance in general. This information may also change without notice.When using information contained in this document, please cross-check and verify it with information obtained through other means and use it at your own discretion.Taikisha assumes no responsibility for any damages arising from the use of this document.For inquiries about this material, please contactthe Investor Relations Sectionof Taikisha’s Corporate Planning Headquarters TEL: +81-3-5338-5052 FAX: +81-3-5338-5195