Interim report
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Financial Report for the First Quarter of the Fiscal Year ending March 31 , 2027 The following statements are an English translation of the original Japanese document . August 7 , 2026 ( All financial information has been prepared in accordance with accounting principles generally accepted in Japan . ) Name of company ... Taikisha Ltd. Stock Exchange ...... Tokyo Stock Exchange Code ........ Representative ..... Contact .... TEL . URL .. 1979 Masashi Osada , President and Representative Director Seiji Takeshita , Managing Corporate Officer , Administrative Management Headquarters Chief Executive ( 03 ) 5338-5052 https://www.taikisha.co.jp/ Scheduled date to commence dividend payments Supplemental materials prepared for financial results Briefing session of financial results Yes None ( Round down to one million yen ) 1. Consolidated Operating Performance ( April 1 , 2026 through June 30 , 2026 ) ( 1 ) Consolidated operating results Sales Operating income Three months ended June 30 , 2026 million yen 61,399 % million yen % Ordinary income million yen ( % indicates increase ratio over previous year ) Profit attributable to owners of parent % million yen % ( 4.2 ) 3,547 ( 11.0 ) 3,843 ( 7.9 ) 2,034 ( 28.4 ) June 30 , 2025 ( Note ) Comprehensive income 64,058 20.7 3.983 55.3 4,172 48.0 2,840 16.4 Three months ended June 30 , 2026 Three months ended June 30 , 2025 18,101 million yen % 558 million yen ( 86.9 ) % Profit attributable to owners of parent per share Profit attributable to owners of parent per share ( Diluted ) Three months ended yen yen June 30 , 2026 32.29 June 30 , 2025 43.93 ( 2 ) Consolidated financial position Total assets Net assets Equity capital ratio As of June 30 , 2026 March 31 , 2026 million yen 288,542 286,820 million yen 183,713 170,232 % 60.5 56.1 ( Note ) Shareholders ' Equity As of June 30 , 2026 As of March 31 , 2026 174,521 million yen 160,975 million yen 2. Dividends Dividend per share 1Q 2Q 3Q Year End Total ( annually ) Year ended yen yen yen yen March 31 , 2026 40.00 70.00 yen 110.00 March 31 , 2027 Year ending March 31 , 2027 ( Forecast ) 50.00 69.00 119.00 ( Note ) Revisions to forecast of dividends : None 3. Consolidated Earnings Forecast for Fiscal Year Ending March 31 , 2027 ( April 1 , 2026 through March 31 , 2027 ) Full year ( % indicates increase ratio over previous year ) Profit attributable to owners of parent Sales Operating income Ordinary income Profit attributable to owners of parent million yen 307,000 % 7.3 million yen 23,800 % 2.1 million yen 25,000 % 0.8 million yen 18,000 % 15.4 per share yen 285.72 ( Note ) Revisions to forecast of earnings : None —1—
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―2― 4. Others (1) Significant changes in the scope of consolidation during the period : None (2) Adoption of particular accounting treatments for quarterly consolidated financial statements : None (3) Changes in accounting policies, changes in accounting estimates and restatements (i) Changes in accounting policies due to revisions of accounting standards etc. : None (ii) Changes in accounting policies other than (i) : None (iii) Changes in accounting estimates : None (iv) Restatements : None (4) Number of shares issued (common shares) (i) Number of shares issued at the end of period (including treasury shares) As of June 30, 2026 63,464,018 shares As of March 31, 2026 63,464,018 shares (ii) Number of treasury shares at the end of period As of June 30, 2026 464,505 shares As of March 31, 2026 464,423 shares (iii) Average number of shares during the period Three months ended June 30, 2026 62,999,568 shares Three months ended June 30, 2025 64,662,719 shares (Note) The Company has introduced the "Board Benefit Trust (BBT)" as its performance -linked and share-based compensation plan and its own shares remaining in the Trust are included as treasury shares. The number of treasury shares owned by the trust as of June 30 , 2026 and as of March 31, 2026 are 419,000 and 419,000, respectively. The average number of treasury shares owned by the trust for three months ended June 30, 2026 and for three months ended June 30, 2025 are 419,000 and 298,800, respectively. ※ Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or auditing firms : Y es (optional) ※ Explanation about the proper use of consolidated forecasts and other notes Data and forward -looking statements disclosed herein are based on current information as of today, and may change depending upon various factors. The data and assumptions do not mean guaranteeing accomplishment of goals and projections, and may be changed at any time without notice. Consequently, the Company ask you to use this information at your discretion based upon your own judgment and information you may obtain through other sources. The company will not be liable for any damages that result from the use of this information.
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―3― 1 Consolidated Financial Statements (1) Consolidated Balance Sheets Millions of yen As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 90,664 68,845 Notes receivable, accounts receivable from completed construction contracts and other 112,879 100,553 Securities － 10,000 Costs on uncompleted construction contracts 2,445 2,668 Raw materials and supplies 1,013 1,737 Other 11,732 14,267 Allowance for doubtful accounts (1,370) (1,299) Total current assets 217,365 196,772 Non-current assets Property, plant and equipment 13,549 13,566 Intangible assets Goodwill 970 952 Other 1,334 1,355 Total intangible assets 2,305 2,308 Investments and other assets Investment securities 32,939 48,430 Deferred tax assets 931 746 Net defined benefit asset 15,281 22,806 Other 4,555 4,017 Allowance for doubtful accounts (107) (106) Total investments and other assets 53,599 75,894 Total non-current assets 69,454 91,769 Total assets 286,820 288,542 Liabilities Current liabilities Notes payable, accounts payable for construction contracts and other 44,070 35,602 Short-term loans payable 1,247 3,618 Income taxes payable 5,027 238 Advances received on uncompleted construction contracts 27,449 28,870 Provision for bonuses － 1,445 Provision for warranties for completed construction 698 673 Provision for loss on construction contracts 747 115 Provision for directors' bonuses 247 － Provision for loss on closing of factory － 472 Other 22,651 11,408 Total current liabilities 102,139 82,444 Non-current liabilities Long-term loans payable 35 25 Deferred tax liabilities 10,695 19,077 Provision for directors' retirement benefits 53 36 Provision for share awards 100 93 Provision for share awards for directors 831 831 Net defined benefit liability 1,781 1,802 Provision for loss on closing of factory 493 － Other 457 517 Total non-current liabilities 14,447 22,384 Total liabilities 116,587 104,829
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―4― Millions of yen As of March 31, 2026 As of June 30, 2026 Net assets Shareholders' equity Capital stock 6,455 6,455 Capital surplus 3,687 3,687 Retained earnings 119,768 117,363 Treasury shares (1,057) (1,057) Total shareholders' equity 128,853 126,448 Accumulated other comprehensive income Valuation difference on available-for-sale securities 16,596 27,186 Deferred gains or losses on hedges 8 (2) Foreign currency translation adjustment 11,355 11,784 Accumulated remeasurements of defined benefit plans 4,163 9,104 Total accumulated other comprehensive income 32,122 48,073 Non-controlling interests 9,256 9,191 Total net assets 170,232 183,713 Total liabilities and net assets 286,820 288,542
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―5― (2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income Consolidated Income Statements Millions of yen Three months ended June 30, 2025 Apr. 1, 2025 - Jun. 30, 2025 Three months ended June 30, 2026 Apr. 1, 2026 - Jun. 30, 2026 Net sales of completed construction contracts 64,058 61,399 Cost of sales of completed construction contracts 53,654 50,932 Gross profit on completed construction contracts 10,403 10,466 Selling, general and administrative expenses 6,420 6,919 Operating income 3,983 3,547 Non-operating income Interest income 166 192 Dividend income 248 299 Dividend income of insurance － 0 Real estate rent 52 54 Foreign exchange gains － 40 Reversal of allowance for doubtful accounts － 0 Other 65 69 Total non-operating income 533 657 Non-operating expenses Interest expenses 94 71 Rent expenses on real estates 3 3 Foreign exchange losses 166 － Provision of allowance for doubtful accounts 2 － Share of loss of entities accounted for using equity method 3 8 Other 74 279 Total non-operating expenses 344 361 Ordinary income 4,172 3,843 Extraordinary income Gain on disposal of non-current assets 0 0 Total extraordinary income 0 0 Extraordinary losses Loss on disposal of non-current assets 0 3 Total extraordinary losses 0 3 Profit before income taxes 4,173 3,840 Income taxes-current 495 405 Income taxes-deferred 408 1,330 Total income taxes 904 1,736 Profit 3,269 2,103 Profit attributable to non-controlling interests 429 69 Profit attributable to owners of parent 2,840 2,034
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―6― Consolidated Statements of Comprehensive Income Millions of yen Three months ended June 30, 2025 Apr. 1, 2025 - Jun. 30, 2025 Three months ended June 30, 2026 Apr. 1, 2026 - Jun. 30, 2026 Profit 3,269 2,103 Other comprehensive income Valuation difference on available-for-sale securities (173) 10,590 Deferred gains or losses on hedges 2 (10) Foreign currency translation adjustment (2,350) 450 Remeasurements of defined benefit plans (154) 4,942 Share of other comprehensive income of entities accounted for using equity method (34) 24 Total other comprehensive income (2,710) 15,997 Comprehensive income 558 18,101 Comprehensive income attributable to : Owners of parent 475 17,985 Non-controlling interests 83 115
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―7― (Notes of consolidated statements of cash flows) The Company does not prepare quarterly consolidated statements of cash flows for three months ended June 30, 2026. Shown below are depreciation (including amortization of intangible assets, excluding goodwill) and amortization of goodwill for three months ended June 30, 2025 and for three months ended June 30, 2026. Millions of yen Three months ended June 30, 2025 Apr. 1, 2025 - Jun. 30, 2025 Three months ended June 30, 2026 Apr. 1, 2026 - Jun. 30, 2026 Depreciation 516 553 Amortization of goodwill 18 38
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―8― (Segment information) Three months ended June 30, 2025 (April 1, 2025 - June 30, 2025) 1. Sales and profits or losses by reportable segments Millions of yen Reportable segments Other Eliminations/ Corporate Amount recorded in the consolidated financial statements Green Technology System Division Paint Finishing System Division Total Sales Sales to customers 43,277 20,384 63,661 397 － 64,058 Intersegment 2 － 2 22 (24) － Total 43,279 20,384 63,663 419 (24) 64,058 Segment profit (loss) 3,891 (297) 3,594 (28) 606 4,172 (Note) 1.“Other” includes business segments such as Business Development Headquarters which are not included in reportable segments. 2. The amount of Eliminations/ Corporate is as follows: Eliminations/ Corporate of Segment profit (loss) of 606 million yen includes non -allocatable common profits (net amount of common profit and loss) of 603 million yen and other adjustment of 2 million yen. Non-allocatable common profit and loss are mainly general and administrative expenses and dividend income etc. those are not attributed to any reportable segments. 3. Segment profit (loss) is adjusted in the ordinary income of the consolidated income statement. 2. Impairment loss on non-current assets or goodwill etc. by reportable segment Not applicable. Three months ended June 30, 2026 (April 1, 2026 - June 30, 2026) 1. Sales and profits or losses by reportable segments Millions of yen Reportable segments Other Eliminations/ Corporate Amount recorded in the consolidated financial statements Green Technology System Division Paint Finishing System Division Total Sales Sales to customers 41,960 19,112 61,072 327 － 61,399 Intersegment － － － 11 (11) － Total 41,960 19,112 61,072 338 (11) 61,399 Segment profit (loss) 3,793 (433) 3,359 (171) 654 3,843 (Note) 1.“Other” includes business segments such as Business Development Headquarters which are not included in reportable segments. 2. The amount of Eliminations/ Corporate is as follows: Eliminations/ Corporate of Segment profit (loss) of 654 million yen includes non -allocatable common profits (net amount of common profit and loss) of 658 million yen and other adjustment of minus 4 million yen. Non-allocatable common profit and loss are mainly general and administrative expenses and dividend income etc. those are not attributed to any reportable segments. 3. Segment profit (loss) is adjusted in the ordinary income of the consolidated income statement. 2. Impairment loss on non-current assets or goodwill etc. by reportable segment Not applicable. 3. Matters Regarding the Changes in Reportable Segment, etc. As a result of the reorganization effective April 1, 2026, business development operations and others which were previously included in “Green Technology System Division” have been transferred to “Other”. The segment information for the same period of the previous fiscal year has also been calculated under the new classification.
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―9― (Supplementary information) 1.Statement for orders-received during this period, net sales of completed construction contracts during this period, and construction carried forward by division (consolidated) Millions of yen Three months ended June 30, 2025 (Apr. 1, 2025 - Jun. 30, 2025) Three months ended June 30, 2026 (Apr. 1, 2026 - Jun. 30, 2026) Increase (Decrease) Amounts % Amounts % Amounts % Orders-received Green Technology System Division Building HV AC 8,576 8.8 20,258 19.2 11,681 136.2 Industrial HV AC 29,108 29.7 70,346 66.7 41,238 141.7 Total 37,684 38.5 90,605 85.9 52,920 140.4 [Overseas] [ 12,796 ] [ 13.1 ] [ 13,664 ] [ 12.9 ] [ 868 ] [ 6.8 ] Paint Finishing System Division 59,849 61.1 14,306 13.6 (45,542) (76.1) [Overseas] [ 57,054 ] [ 58.2 ] [ 10,494 ] [ 10.0 ] [ (46,560) ] [ (81.6) ] Other 477 0.4 497 0.5 19 4.2 [Overseas] [ － ] [ － ] [ － ] [ － ] [ － ] [ － ] Total 98,011 100.0 105,409 100.0 7,398 7.5 [Overseas] [ 69,851 ] [ 71.3 ] [ 24,159 ] [ 22.9 ] [ (45,692) ] [ (65.4) ] Net sales of completed construction contracts Green Technology System Division Building HV AC 8,649 13.5 11,291 18.4 2,642 30.5 Industrial HV AC 34,627 54.1 30,668 49.9 (3,959) (11.4) Total 43,277 67.6 41,960 68.3 (1,317) (3.0) [Overseas] [ 13,408 ] [ 20.9 ] [ 15,301 ] [ 24.9 ] [ 1,893 ] [ 14.1 ] Paint Finishing System Division 20,384 31.8 19,112 31.2 (1,271) (6.2) [Overseas] [ 15,176 ] [ 23.7 ] [ 16,628 ] [ 27.1 ] [ 1,452 ] [ 9.6 ] Other 397 0.6 327 0.5 (70) (17.6) [Overseas] [ 12 ] [ 0.0 ] [ (1) ] [ (0.0) ] [ (12) ] [ (100.0) ] Total 64,058 100.0 61,399 100.0 (2,658) (4.2) [Overseas] [ 28,596 ] [ 44.6 ] [ 31,929 ] [ 52.0 ] [ 3,333 ] [ 11.7 ] Construction carried forward Green Technology System Division Building HV AC 55,582 20.5 95,434 26.7 39,851 71.7 Industrial HV AC 91,049 33.5 140,978 39.5 49,929 54.8 Total 146,631 54.0 236,412 66.2 89,780 61.2 [Overseas] [ 41,569 ] [ 15.3 ] [ 53,732 ] [ 15.0 ] [ 12,162 ] [ 29.3 ] Paint Finishing System Division 124,112 45.7 119,589 33.4 (4,523) (3.6) [Overseas] [ 108,178 ] [ 39.8 ] [ 98,400 ] [ 27.6 ] [ (9,777) ] [ (9.0) ] Other 939 0.3 1,274 0.4 334 35.6 [Overseas] [ 39 ] [ 0.0 ] [ 0 ] [ 0.0 ] [ (38) ] [ (99.9) ] Total 271,684 100.0 357,276 100.0 85,592 31.5 [Overseas] [ 149,786 ] [ 55.1 ] [ 152,133 ] [ 42.6 ] [ 2,346 ] [ 1.6 ] (Note) 1. The amounts of orders received, net sales of completed construction contracts, and carried forward are the transacted amount with external customers. 2. In the previous consolidated cumulative first quarter, there is 2 million yen difference between net sales of completed construction contracts of 43,277 million yen and total sales of 43,279 million yen in the segment information by Green Technology System Division. In addition, there is 22 million yen difference between net sales of completed construction contracts of 397 million yen and total sales of 419 million yen in the segment information by Other segment. The differences are due to intersegment transactions. There is no difference between net sales of completed construction contracts and total sales in the segment information by Paint Finishing System Division. 3. In the consolidated cumulative first quarter, there is 11 million yen difference between net sales of completed construction contracts of 327 million yen and total sales of 338 million yen in the segment information by Other segment. The difference is due to intersegment transactions. There is no difference between net sales of completed construction contracts and total sales in the segment information by Green Technology System Division and Paint Finishing System Division.
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―10― 2.Statement for orders-received during this period, net sales of completed construction contracts during this period, and construction carried forward by division (Non-consolidated) Millions of yen Three months ended June 30, 2025 (Apr. 1, 2025 - Jun. 30, 2025) Three months ended June 30, 2026 (Apr. 1, 2026 - Jun. 30, 2026) Increase (Decrease) Amounts % Amounts % Amounts % Orders-received Green Technology System Division Building HV AC 8,113 29.6 19,927 24.7 11,813 145.6 Industrial HV AC 16,290 59.5 56,641 70.1 40,350 247.7 Total 24,404 89.1 76,568 94.8 52,164 213.7 [Overseas] [ 19 ] [ 0.1 ] [ 10 ] [ 0.0 ] [ (9) ] [ (47.3) ] Paint Finishing System Division 2,775 10.1 3,880 4.8 1,104 39.8 [Overseas] [ 394 ] [ 1.4 ] [ 890 ] [ 1.1 ] [ 496 ] [ 125.9 ] Other 211 0.8 342 0.4 131 62.1 [Overseas] [ － ] [ － ] [ 77 ] [ 0.1 ] [ 77 ] [ － ] Total 27,391 100.0 80,791 100.0 53,399 195.0 [Overseas] [ 413 ] [ 1.5 ] [ 978 ] [ 1.2 ] [ 564 ] [ 136.3 ] Net sales of completed construction contracts Green Technology System Division Building HV AC 7,791 22.2 10,790 36.4 2,998 38.5 Industrial HV AC 21,207 60.4 15,297 51.6 (5,909) (27.9) Total 28,998 82.6 26,087 88.0 (2,911) (10.0) [Overseas] [ 23 ] [ 0.1 ] [ 10 ] [ 0.1 ] [ (13) ] [ (55.6) ] Paint Finishing System Division 5,945 16.9 3,366 11.3 (2,579) (43.4) [Overseas] [ 1,465 ] [ 4.2 ] [ 1,289 ] [ 4.3 ] [ (175) ] [ (12.0) ] Other 145 0.5 204 0.7 59 40.7 [Overseas] [ 12 ] [ 0.0 ] [ 11 ] [ 0.0 ] [ (0) ] [ (5.0) ] Total 35,089 100.0 29,658 100.0 (5,431) (15.5) [Overseas] [ 1,501 ] [ 4.3 ] [ 1,311 ] [ 4.4 ] [ (189) ] [ (12.6) ] Construction carried forward Green Technology System Division Building HV AC 53,217 41.7 93,160 45.3 39,942 75.1 Industrial HV AC 49,511 38.8 87,204 42.4 37,693 76.1 Total 102,729 80.5 180,365 87.7 77,636 75.6 [Overseas] [ 52 ] [ 0.1 ] [ － ] [ － ] [ (52) ] [ (100.0) ] Paint Finishing System Division 24,398 19.1 24,519 11.9 121 0.5 [Overseas] [ 9,025 ] [ 7.1 ] [ 4,906 ] [ 2.4 ] [ (4,118) ] [ (45.6) ] Other 566 0.4 763 0.4 197 35.0 [Overseas] [ 39 ] [ 0.0 ] [ 78 ] [ 0.0 ] [ 39 ] [ 100.4 ] Total 127,693 100.0 205,649 100.0 77,955 61.0 [Overseas] [ 9,116 ] [ 7.2 ] [ 4,984 ] [ 2.4 ] [ (4,131) ] [ (45.3) ]
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―11― 3. Sales by regions Three months ended June 30, 2025 (April 1, 2025 - June 30, 2025) Millions of yen Japan North America Southeast Asia East Asia India Europe Other Total Thailand Other Southeast Asia China Other East Asia 35,462 7,547 4,538 6,222 2,291 1,682 5,597 19 697 64,058 Three months ended June 30, 2026 (April 1, 2026 - June 30, 2026) Millions of yen Japan North America Southeast Asia East Asia India Europe Other Total Thailand Other Southeast Asia China Other East Asia 29,469 6,714 5,416 8,806 1,803 323 5,201 2,707 956 61,399