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. September 10, 2026 Consolidated Financial Results for the Three Months Ended July 31, 2026 (Under Japanese GAAP) Company name: Timee, Inc. Listing: Tokyo Stock Exchange Securities code: 215A URL: http://corp.timee.co.jp/ Representative: Ryo Ogawa, President Inquiries: Tomoaki Yagi, Executive Director and CFO Telephone: +81-3-6822-3013 Scheduled date to commence dividend payments: – Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (for institutional investors and securities analysts) (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the three months ended July 31, 2026 (from May 1, 2026 to July 31, 2026) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % July 31, 2026 10,443 – 1,937 – 1,888 – 1,273 – January 31, 2026 10,856 – 2,108 – 2,082 – 1,439 – Note: Comprehensive income For the three months ended July 31, 2026: ¥1,274 million [–%] For the three months ended January 31, 2026: ¥1,436 million [–%] Basic earnings per share Diluted earnings per share Three months ended Yen Yen July 31, 2026 12.76 12.07 January 31, 2026 14.29 13.49 Notes: 1. Since consolidated financial statements have been prepared as of the end of the fiscal year ended October 31, 2025, year-on- year changes for the three months ended January 31, 2026 are not stated. 2. The fiscal year ended April 30, 2026 is a transitional period following the change in the fiscal year-end, and the financial statements cover the six-month period from November 1, 2025 to April 30, 2026. Accordingly, since the three months ended January 31, 2026 (November 1, 2025 to January 31, 2026) and the three months ended July 31, 2026 (May 1, 2026 to July 31, 2026) cover different periods of the year and are therefore not directly comparable, year-on-year changes for the three months ended July 31, 2026 are not provided. (2) Consolidated financial position Total assets Net assets Equity ratio As of Millions of yen Millions of yen % July 31, 2026 36,487 17,044 46.6 April 30, 2026 37,653 15,991 42.4 Reference: Equity As of July 31, 2026: ¥17,014 million As of April 30, 2026: ¥15,964 million
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2. Cash dividends Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended April 30, 2026 – 0.00 – 0.00 0.00 Fiscal year ending April 30, 2027 – Fiscal year ending April 30, 2027 (Forecast) 0.00 – 0.00 0.00 Note: Revisions to the forecast of cash dividends most recently announced: None 3. Consolidated financial results forecast for the fiscal year ending April 30, 2027 (from May 1, 2026 to April 30, 2027) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen First half 22,056 – 22,560 – 3,997 – 4,388 – 3,986 – 4,377 – 2,797 – 3,188 – 27.81 – 31.70 Full year 47,613 – 48,823 – 8,821 – 9,746 – 8,806 – 9,731 – 6,002 – 6,927 – 59.69 – 68.89 Notes:1. Revisions to the financial results forecast most recently announced: None 2. Consolidated financial results forecast for the fiscal year ending April 30, 2027 is disclosed with range. For further details, reference documents are the attached materials, “(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information” under “1. Qualitative Information on Quarterly Financial Results.” 3. Since the fiscal year ended April 30, 2026 is a transitional period following the change in the fiscal year-end, and the financial statements cover the six-month period from November 1, 2025 to April 30, 2026, year-on-year percentage changes are not provided.
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* Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatments specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common stock) (i) Total number of issued shares at the end of the period (including treasury shares) As of July 31, 2026 100,743,000 shares As of April 30, 2026 100,743,000 shares (ii) Number of treasury shares at the end of the period As of July 31, 2026 1,007,203 shares As of April 30, 2026 824,003 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended July 31, 2026 99,735,797 shares Three months ended January 31, 2026 100,683,000 shares * Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit firm: None * Proper use of financial results forecast and other special matters The financial results forecast and other forward-looking statements herein are based on information currently available to the Company and certain assumptions that the Company deems reasonable, and they are not intended to be a promise by the Company that they will be achieved. Actual results may differ significantly from those forecasts due to a wide range of factors. For the above-mentioned financial results forecast, reference documents are on page 3 of the attached materials, “(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information” under “1. Qualitative Information on Quarterly Financial Results.”
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1 Table of Contents - Attachments 1. Qualitative Information on Quarterly Financial Results ......................................................................... 2 (1) Explanation of Operating Results ....................................................................................................... 2 (2) Explanation of Financial Position ....................................................................................................... 3 (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information ..... 3 2. Quarterly Consolidated Financial Statements and Principal Notes ......................................................... 4 (1) Quarterly Consolidated Balance Sheet ................................................................................................ 4 (2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income .................................................................................................................................................... 6 (3) Notes to Quarterly Consolidated Financial Statements ....................................................................... 8 (Notes on going concern assumption) ............................................................................................ 8 (Notes in case of significant changes in shareholders’ equity) ....................................................... 8 (Notes on segment information, etc.) ............................................................................................. 8 (Notes on statements of cash flows) ............................................................................................... 9
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2 1. Qualitative Information on Quarterly Financial Results (1) Explanation of Operating Results Forward-looking statements herein were determined by the Group as of the end date of the quarter of the fiscal year under review. In addition, as the fiscal year ended April 30, 2026 is a transitional period following the change in the fiscal year-end, the financial statements cover an irregular six-month period from November 1, 2025 to April 30, 2026. Accordingly, as the three months ended January 31, 2026 (November 1, 2025 to January 31, 2026) and the three months ended July 31, 2026 (May 1, 2026 to July 31, 2026) cover different periods of the year and are therefore not directly comparable, no year-on-year comparison has been provided. Under the vision “Helping individuals create more valuable time” and having a mission of “Building infrastructure for expanding life’s possibilities through work,” the Group provides the on-demand job platform “Timee,” a fee-charging employment placement business that matches “time when someone wants to work” and “time when workers are needed” across the country. Different from conventional recruitment platforms, jobs which are matched on “Timee” are based on direct employment between clients and workers*1 on a one-day basis. During the three months ended July 31, 2026, the Japanese economy continued to recover moderately due to an improvement in employment and income conditions, and an increase in inbound demand. Meanwhile, the outlook still remains uncertain due to factors such as an unstable global situation and continuous rising prices, as well as the impact of monetary policy. In the labor market, measures by government to address the “Annual Income Threshold” are progressing, raising expectations for sustainable income growth. Furthermore, the regional minimum wages in each prefecture have been increased continuously. In July 2026, the Central Minimum Wages Council, an advisory body to the Minister of Health, Labour and Welfare, issued guidelines recommending that the national average minimum wage be raised by 55 yen year on year to 1,176 yen per hour. Wages are thus expected to rise further in the future. In addition, as labor shortages become chronic for society as a whole amid the declining population, falling birthrate, and aging society, there are expanding needs for acceptance of outside personnel by companies and diverse ways of working. Accordingly, we believe that demand for the Group’s business that offers new ways of working will further expand. In such a social and economic environment for Japan and the market environment surrounding the Group, which is a serious labor shortage, our matching business facilitated the mobility of human resources and continued to increase the number of registered client accounts and active accounts*2 of our services primarily in the logistics and retail industries. Furthermore, we strove to enhance marketing efficiency by continuously monitoring advertising market trends and customer responses for each advertising medium as well as CPI*3. Marketing activities through digital ads, mainly targeting workers, resulted in a considerable increase in the number of registered workers. The fill rate*4 in the three months ended July 31, 2026 remained at a high level of 86.3%, which was due to achieving stable operations by increasing the number of core workers*5. As for industry-specific developments, initiatives for expansion into the social care industry are progressing well, and we continue to achieve strong growth, supported by the successive rollout of new industry-specific features. In addition, in the food service industry, the growth rate of net sales turned positive in the first quarter under review, driven by the expansion into contract services, including school lunch and cafeteria management, and enhanced solution offerings. Meanwhile, in the logistics industry, though we were affected by external environment and lower transaction volumes at some clients, we continue to steadily implement our initiatives, including strengthening our structure through field managers and deepening relationships and expanding business with existing major clients. As a result, the number of registered workers exceeded 14.72 million and the number of registered client accounts exceeded 488 thousand during the three months ended July 31, 2026, generating transaction volume*6 of 33,687 million yen.
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3 For the three months ended July 31, 2026, the Group reported net sales of 10,443,623 thousand yen, operating profit of 1,937,534 thousand yen, ordinary profit of 1,888,600 thousand yen and profit attributable to owners of parent of 1,273,374 thousand yen. *1. “Workers” in the statements means “spot workers.” *2. Registered client accounts that posted at least one job listing in a month. *3. CPI, an abbreviation of cost per install, refers to acquisition cost per new worker. *4. Calculated by dividing the number of active workers by the number of job openings in the three months ended July 31, 2026. *5. Core workers are existing workers who work eight or more times per month. *6. The total amount of wages and transportation expenses paid to workers. (2) Explanation of Financial Position (Assets) Current assets as of the end of the first quarter under review were 33,081,210 thousand yen, down 1,471,463 thousand yen compared with the end of the previous fiscal year. This was mainly due to a 101,476 thousand yen decrease in accounts receivable - trade and a 501,527 thousand yen decrease in advances paid for wages and transportation expenses paid to workers resulting primarily from the effects of the unusually cool summer, the situation in the Middle East, and a decline in transaction volumes at some major logistics companies, as well as a 560,021 thousand yen decrease in cash and deposits attributable mainly to a reduction in short-term borrowings in response to these decreases. Also, non-current assets as of the end of the first quarter under review were 3,406,554 thousand yen, up 305,478 thousand yen compared with the end of the previous fiscal year. This was mainly due to a 265,315 thousand yen increase in guarantee deposits related to the relocation of the branch offices, as well as a 100,000 thousand yen increase in shares of subsidiaries and associates resulting from the establishment of Timee Financial, Inc. As a result, total assets were 36,487,765 thousand yen, down 1,165,984 thousand yen compared with the end of the previous fiscal year. (Liabilities) Current liabilities as of the end of the first quarter under review were 18,893,450 thousand yen, down 2,183,966 thousand yen compared with the end of the previous fiscal year. This was mainly due to a 1,200,000 thousand yen decrease in short-term borrowings as a result of repayment and a 719,366 thousand yen decrease in income taxes payable associated with income taxes paid. Also, non-current liabilities as of the end of the first quarter under review were 550,240 thousand yen, down 34,980 thousand yen compared with the end of the previous fiscal year. This was mainly due to a 34,980 thousand yen decrease in long-term borrowings as a result of repayment of borrowings. As a result, total liabilities were 19,443,690 thousand yen, down 2,218,946 thousand yen compared with the end of the previous fiscal year. (Net assets) Net assets as of the end of the first quarter under review were 17,044,074 thousand yen, up 1,052,962 thousand yen compared with the end of the previous fiscal year. This was mainly due to an increase in retained earnings as a result of recorded profit attributable to owners of parent of 1,273,374 thousand yen for the three months ended July 31, 2026. (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information The consolidated financial results forecast for the fiscal year ending April 30, 2027 remains unchanged from the consolidated financial results forecast that the Company disclosed dated June 11, 2026.
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4 2. Quarterly Consolidated Financial Statements and Principal Notes (1) Quarterly Consolidated Balance Sheet (Thousands of Yen) As of April 30, 2026 As of July 31, 2026 Assets Current assets Cash and deposits 16,540,436 15,980,414 Accounts receivable - trade 4,203,948 4,102,471 Accounts receivable - other 9,755 8,841 Advances paid 12,612,541 12,111,014 Prepaid expenses 785,782 923,470 Deposits paid 447,587 – Allowance for doubtful accounts (47,378) (45,001) Total current assets 34,552,673 33,081,210 Non-current assets Property, plant and equipment Facilities attached to buildings 714,921 736,151 Vehicles 6,588 6,588 Tools, furniture and fixtures 803,909 850,405 Construction in progress 9,570 22,330 Accumulated depreciation (571,507) (629,328) Total property, plant and equipment 963,481 986,146 Intangible assets Goodwill 320,620 308,289 Total intangible assets 320,620 308,289 Investments and other assets Investment securities 28,943 30,013 Shares of subsidiaries and associates – 100,000 Investments in capital 35 35 Guarantee deposits 541,929 807,244 Long-term prepaid expenses 87,075 68,570 Deferred tax assets 1,158,989 1,106,255 Total investments and other assets 1,816,973 2,112,118 Total non-current assets 3,101,075 3,406,554 Total assets 37,653,749 36,487,765
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5 (Thousands of Yen) As of April 30, 2026 As of July 31, 2026 Liabilities Current liabilities Short-term borrowings 13,500,000 12,300,000 Current portion of long-term borrowings 139,920 139,920 Accounts payable - other 2,594,229 2,444,642 Accrued expenses 2,414,252 2,250,767 Advances received 12,173 20,079 Refund liabilities 5,226 6,355 Deposits received 153,140 316,514 Provision for bonuses 349,916 218,616 Provision for bonuses for directors (and other officers) 96,846 15,673 Income taxes payable 1,346,057 626,690 Accrued consumption taxes 465,655 554,191 Total current liabilities 21,077,417 18,893,450 Non-current liabilities Long-term borrowings 585,220 550,240 Total non-current liabilities 585,220 550,240 Total liabilities 21,662,637 19,443,690 Net assets Shareholders' equity Share capital 243,363 243,363 Capital surplus 7,120,156 7,120,156 Retained earnings 9,652,602 10,925,976 Treasury shares (1,051,260) (1,275,670) Total shareholders' equity 15,964,861 17,013,826 Accumulated other comprehensive income Valuation difference on available-for-sale securities – 1,070 Total accumulated other comprehensive income – 1,070 Share acquisition rights 26,250 29,178 Total net assets 15,991,112 17,044,074 Total liabilities and net assets 37,653,749 36,487,765
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6 (2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income Quarterly Consolidated Statement of Income Three Months Ended January 31, 2026 and July 31, 2026 (Thousands of Yen) For the three months ended January 31, 2026 For the three months ended July 31, 2026 Net sales 10,856,010 10,443,623 Cost of sales 853,217 1,079,698 Gross profit 10,002,792 9,363,925 Selling, general and administrative expenses 7,894,270 7,426,390 Operating profit 2,108,522 1,937,534 Non-operating income Interest income 338 588 Point income 4,922 3,870 Miscellaneous income 9,721 1,710 Total non-operating income 14,982 6,169 Non-operating expenses Interest expenses 39,937 43,137 Commission expenses – 10,812 Loss on retirement of non-current assets 719 118 Miscellaneous losses – 1,034 Total non-operating expenses 40,657 55,103 Ordinary profit 2,082,846 1,888,600 Profit before income taxes 2,082,846 1,888,600 Income taxes – current 711,345 562,491 Income taxes – deferred (67,883) 52,734 Total income taxes 643,461 615,226 Profit 1,439,385 1,273,374 Profit attributable to owners of parent 1,439,385 1,273,374
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7 Quarterly Consolidated Statement of Comprehensive Income Three Months Ended January 31, 2026 and July 31, 2026 (Thousands of Yen) For the three months ended January 31, 2026 For the three months ended July 31, 2026 Profit 1,439,385 1,273,374 Other comprehensive income Valuation difference on available-for-sale securities (3,030) 1,070 Total other comprehensive income (3,030) 1,070 Comprehensive income 1,436,354 1,274,444 Comprehensive income attributable to Comprehensive income attributable to owners of parent 1,436,354 1,274,444
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8 (3) Notes to Quarterly Consolidated Financial Statements (Notes on going concern assumption) Not applicable. (Notes in case of significant changes in shareholders’ equity) Not applicable. (Notes on segment information, etc.) (Segment information) For the three months ended January 31, 2026 (from November 1, 2025 to January 31, 2026) Information on net sales and profit (loss) by reportable segment (Thousands of Yen) Reportable segment Other (Note 1) Total Adjustments (Note 2) Amounts stated on the consolidated financial statements Timee business Net sales Net sales to external customers 10,539,523 316,486 10,856,010 – 10,856,010 Intersegment sales or transfers 31,608 – 31,608 (31,608) – Total 10,571,132 316,486 10,887,618 (31,608) 10,856,010 Segment profit (loss) 2,165,994 (57,471) 2,108,522 – 2,108,522 Notes 1. The “Other” category is a business segment not included in reportable segments; it includes the Timee solutions business. 2. Adjustments are eliminations of intersegment transactions. For the three months ended July 31, 2026 (from May 1, 2026 to July 31, 2026) Information on net sales and profit (loss) by reportable segment (Thousands of Yen) Reportable segment Other (Note 1) Total Adjustments (Note 2) Amounts stated on the consolidated financial statements Timee business Net sales Net sales to external customers 9,909,996 533,627 10,443,623 – 10,443,623 Intersegment sales or transfers 66,815 – 66,815 (66,815) – Total 9,976,811 533,627 10,510,439 (66,815) 10,443,623 Segment profit (loss) 1,981,624 (44,089) 1,937,534 – 1,937,534 Notes 1. The “Other” category is a business segment not included in reportable segments; it includes the Timee solutions business. 2. Adjustments are eliminations of intersegment transactions.
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9 (Notes on statements of cash flows) Quarterly consolidated statements of cash flows for the three months ended July 31, 2026 have not been prepared. Depreciation and amortization of goodwill for the three months ended January 31, 2026 and July 31, 2026 are as follows: (Thousands of Yen) For the three months ended January 31, 2026 For the three months ended July 31, 2026 Depreciation 71,417 79,166 Amortization of goodwill 12,331 12,331