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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 1 Beautifully, For the future Presentation Materials for the Third Quarter of the Fiscal Year Ending March 2026 TOYOKOH Inc. February 12, 2026
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2 - Introduction - Pages updated from the financial results presentation for the Second quarter of the Fiscal Year Ending March 2026 (disclosed on November 13, 2025) Confidential All rights reserved. Ⓒ 2026 Toyokoh Inc. For investors who have been continuously monitoring our IR materials. T he following page has been updated since the last time. Please check the following page for the time being to catch up on the changes from the last time. Page Item Changes P.5 Company Profile The following information has been updated as of the end of December 2025: number of officers and employees, sales trends by business, total processed area of SOSEI. P.17 Intellectual Property Rights Status The table on the bottom right regarding the number of intellectual property rights has been updated from the last time as of the end of October 2025 to the current time as of the end of January 2026 . P.27 Trends in sales, operating profit and R&D expenses The third quarter of FY 2026/3 have been added to the graph . P.28 Order backlog trends by business and by year The order record by business as of the end of the third quarter of FY 2026/3 have been added. P.29 Financial Statement Analysis Vital parts of the income statement for the third quarter of the FY 2026/3 are shown, compared with the same period last year. P.30 Key Initiatives by Focus Area and Future Outlook Describes the main initiatives for each focus area in the FY2026/3, and the future business direction and outlook beyond the se initiatives. P.31 Secured the first overseas order for CoolLaser A signing ceremony for CoolLaser's first overseas order was held at "Singapore Airshow 2026," one of Asia's largest aerospace exhibitions (Released on February 12, 2026). P.32 Case Study: Pedestrian Bridge Maintenance Introducing our initiatives in pedestrian bridge maintenance. While aging bridges are increasingly being removed across Japan, CoolLaser can extend their lifespan. P.33 Analysis of the Balance Sheet Commentary on key balance sheet items. Investments for business growth were implemented during 3Q P.35 The Society of Laser Processing for Transportable System Updated to the latest information (Base, Number of members).
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 3 Table of contents 1: Company Overview 2: Business Overview and Growth Strategy ( SOSEI ) 3: Business Overview and Growth Strategy ( CoolLaser ) 4. Overview of financial results for the Third Quarter of the FY 2026/3 5. APPENDIX
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１： Company Overview Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 4
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630 784 873 1,012 1,076 1,058 1,603 1,348 48 25 47 33 41 36 422 882 770 678 809 921 1,046 1,117 1,095 2,025 3,000 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2019/3 期 2020/3 期 2021/3 期 2022/3 期 2023/3 期 2024/3 期 2025/3 期 2026/3 期 予想 SOSEI CoolLaser FY2026/3 Forecast 85% 15% (plan) FY2030/3 budget FY2025/3 Actual FY2024/3 Actual CoolLaser ・ Development, manufacturing and sales of "CoolLaser" which uses laser to remove rust and paint from aging infrastructure ・ Delivery starts in September 2024 SOSEI ・ Development and processing of "SOSEI" which uses three layers of special resin spray coating to restore a strong roof ・ A total of 1.67 million m 2 of floor space already processed for companies such as major automobile manufacturers Note1 5 Representative Director, CEO Kazuaki Toyosawa Establishment March 1996 ( First external capital raised in 2018 ) Accumulative capital raised 3,400 million yen Note1 (excluding amount procured through borrowings) Officers and Employees 56 people Note1 Base Headquarters: Fuji City, Shizuoka Prefecture Research Laboratory: - CoolLaser development base (Hamamatsu) - SOSEI Development Base (Fuji) Branch Office: Tokyo, Fukuoka Mission Beautifully , For the future Unit ： million yen TOYOKOH's technology will create an environmentally friendly future for infrastructure maintenance. CoolLaser delivery begins Sales trends by business Note2 FY2019/3 → FY2024/3 CAGR ： +10.1% Changes in sales composition by business Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. FY2024/3 → FY2025/3 Growth rate ： +84.9% FY2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3 Forecast 43% 57% 21% 79% 3% 97% CoolLaser SOSEI 3Q cum. total 2,231 Progress rate: 74 % Note1: As of the end of December 2025 Note2 ： Created using non - consolidated value
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 6 Funding that began in 2018 accelerated the development of CoolLaser, leading to its launch in 2023. 1996 2006 Founded in painting and waterproofing work 2008 Toyosawa enrolled in The Graduate School for the Creation of New Photonics Industries 2018 2019 2021 2023 2024 At the research group: ・ "Safety Guidelines" published ・ Qualification system begins CoolLaser 's first commercially available model "G19 - 6000" series launched 2014 Hamamatsu Research Center opened as a development base ・ Society of Laser Processing for Transportable System (general incorporated association) launched ・ JIS standards established Delivery of "G19 - 6000" series starts Current CEO (Toyosawa) joined the company in 2003 SOSEI method, and turning a profit (2006) Sales Capital raising 200 million yen Capital raising 7 00 million yen Development Phase Business growth and profitability phase Development Phase Social implementation phase Business growth and profitability phase We are here! CoolLaser Social I mplementation phase SOSEI Capital raising 1.4 bi llion yen Capital raising 7 00 million yen Listed on the TSE Growth Market 2025
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Hiroshi Abe Director ( Audit & Supervisory Committee Member ) Worked at Deloitte Tohmatsu, where he provided support for ventures and helped build management systems. He then established a tax accounting firm and became its representative partner. Certified Public Accountant/Tax Accountant Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 7 We have gathered management members with extensive knowledge of optics, construction, and startup management. A deep tech company Note1 that develops and manufactures "CoolLaser ®," a laser construction device made in Japan that boasts the world's highest level of output for outdoor use , in its CoolLaser business. Kazuaki Toyosawa Representative Director, CEO The second generation founder of TOYOKOH, he is well versed in the construction industry . Former designer . Creator of the one - of - a - kind technology SOSEI and CoolLaser . Minoru Moriya Director After working at Misumi, he participated in the founding of companies such as Raksul. He has served as a fellow at Hakuhodo and JAXA, and as a member of the Cabinet Office's expert committee. Hikaru Sasaki Director ( Full - time Audit & Supervisory Committee Member ) Worked at Deloitte Tohmatsu in auditing and M&A. After being independent, he provided financial support and accounting consulting, and supported the establishment of financial statements and management systems for companies preparing for IPO. Fumiaki Kawazoe Director ( Audit & Supervisory Committee Member ) Experienced corporate and tax law at Anderson Mori. Obtained LLM in international tax law from Leiden University in the Netherlands. Representative and lawyer at law firm Y Cube. Note: When our company borrowed funds from Mizuho Bank, Ltd. in November 2024 to establish a mass production system, as a dee p t ech venture company certified by the Ministry of Economy, Trade and Industry for its business activity plan for utilizing innovative technological research result s, we were selected for the debt guarantee system for facilitating business utilizing innovative technological research results, in which the Small and Medium Enterprise Agency wi ll guarantee 50% of the loan amount. Hajime Shirai Director CFO PwC and Frontier Management, and is a manager in the IPO division of Deloitte and a certified public accountant. Noriyuki Suzuki Director COO Toko (now Murata Manufacturing) He has held important positions at ROHM, NVIDIA , and EDGEMATRIX, and has led sales departments and formulated sales strategies for large corporations and local governments.
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rental Processing Processing cooperation Purchase Equipment and consumables sales, maintenance note 2 Processing cooperation Purchase Processing Management * In the case of prime contractor Processing Processing Management * In the case of subcontractors Purchase Purchase Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 8 Two unique technologies developed for the maintenance infrastructure industry SOSEI uses a processing method in which a special three - layer resin is sprayed onto aging roofs. Our company is responsible for receiving orders, managing the processing and providing services to customers with support from partner companies. As an equipment manufacturer, CoolLaser sells and rents equipment, and as the number of units increases, it sells consumables and provides maintenance and repair services as ongoing revenue. Note 1 : Processing sales for the SOSEI business are mainly received through prime contractors. Note 2 : Maintenance services for the CoolLaser business will be provided in the future. Note 3 : Installation sales for the CoolLaser business are mainly from test installations to confirm the performance of the equipment. Client (Infrastructure owner) Equipment User (Infrastructure owners and processing companies) Client (Owner of the factory/building where processing is carried out) Rental companies SOSEI Business Prime contractor CoolLaser Business Equipment and consumables sales Processing Sales note 3 Processing Sales note 1 Equipment and consumables sales, maintenance note 2 Processing partner companies (coating) Assembly contractor (system) Parts Manufacturer (Oscillators, compressors, chillers, etc.) Consumables manufacturers (protective windows, etc.) Material Manufacturer (Resin/Paint) Processing partner companies (Waterproofing/Painting) TOYOKOH Inc. Maintenance sales
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 9 2 : Business Overview and Growth Strategy ( SOSEI )
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 10 Our proprietary material, SOSEI, solves the problems of aging factories and warehouses and saves energy. Concerns of clients (manufacturing and logistics industries) Jointly developed a special three - layer resin with a major chemical manufacturer and signed an exclusive procurement contract SOSEI protects factory and warehouse equipment and products from various natural disasters, and improves the efficiency of air conditioning inside buildings with the thermos effect Note 1 of the roof . It contributes to a significant reduction in electricity bills and CO 2 emissions, and obtained patent for construction method that balances construction quality and worker safety Note 2 Measures against deterioration We need to protect our buildings and facilities from natural disasters. Maintain and improving production volume Factory operations cannot be stopped in order to achieve planned production Cost reduction There is a need to reduce factory running costs SOSEI can solve all of the above problems at the same time Waterproofing and reinforcement effects extend the life of buildings The method does not affect the interior of the building, so the plant can continue operating. Improved air conditioning efficiency and reduced electricity bills through insulation effect 3rd layer SOSEI top Weather Resistant Paint Two - component urethane solvent 2nd layer SOSEI coat Waterproofing and reinforcement materials Special Polyurethane Resin 1st layer SOSEI foam Adhesives and insulation materials Special polyurethane foam Slate Roof Note 1: The first insulating layer keeps the building cool in the summer, improving cooling efficiency, and in the winter, it keeps the building warm, improving heating efficiency. Note 2: Patent No. 7332142, 6815548
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 11 SOSEI contributes to climate change measures Energy saving effect during heating and cooling season Attic temperature reduced by up to 20 ° C Annual electricity bill 34% reduction Annual CO2 emissions 112t reduction SOSEI processing completed SOSEI Uninstalled SOSEI was installed in a model building ( L48m x W20m x H5m ) , the difference in heat loss before and after installation was calculated, and the average outdoor temperature, indoor temperature, and operating hours during the heating and cooling season throughout the year were set, and the energy saving effect was quantified from the difference in thermal load. Note: These are actual implementation cases and do not guarantee effectiveness.
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 12 Even with a weak slate roof It is possible to install solar panels (patent pending). SOSEI + Solar panel installation example (Chugoku region 10,000 m2) SOSEI + Solar power generation + Renewable energy switching SOSEI can reinforce slate roofs that were deemed too weak to support the installation of solar panels . It makes it possible to install solar panels will also contribute to achieving zero carbon in factories and warehouses . Energy saving Energy Creation Renewable Energy Shortage of electricity is met by storage batteries and natural energy sources Source : Google Maps Aerial Photo 2024/8 roof S olar panels b y various manufacturers Note : An illustration of the amount of energy used and CO2 emissions By repairing, reinforcing and insulating deteriorated slate roofs with SOSEI, installing solar panels on the reinforced roof surface, generating electricity and switching over the energy that cannot be met to renewable energy sources, you can contribute to zero carbonization. Reduce energy consumption using the SOSEI method Reduce energy consumption from fossil fuels by installing solar power generation Reduce energy consumption from fossil fuels by switching to renewable energy CO2 emission amount NOW With SOSEI only Fossil fuel - derived energy consump tion
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Short - term Mid - term Long - term After 3 years After 5 years Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 13 SOSEI is taking advantage of the current trend of decarbonization and energy saving, and is expanding overseas, aiming to become No. 1 in the domestic BtoB roof maintenance market. C ommercialization of SOSEI +solar power (SOSEI solar) with partners SOSEI solar in full scale No.1 in the domestic market for factory and warehouse roof maintenance Overseas expansion Expansion of processing system (increase in recruiting and distributors) Note 1 SOSEI Line Robo for metal roofs in full scale Note 1: Agencies that operates sales and processing management Note 2: The above table is a future plan only and does not guarantee its achievement. The plan may be revised or the implemen tat ion schedule may be changed in the future.
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 14 3: Business Overview and Growth Strategy ( CoolLaser )
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37% Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 15 The aging of social infrastructure and preventive maintenance work are likely to increase in the future in an accelerating manner. 5.2 5.8 6.1 6.3 6.25.2 8.1 8.1 9.2 11.6 0.0 2.0 4.0 6.0 8.0 10.0 12.0 2018 年 2023 年 2028 年 2038 年 2048 年 Unit: trillion yen If preventive maintenance is implemented Cost of corrective maintenance The need for CoolLasers, which are used for preventive maintenance, is expected to continue to increase in the future. Estimates of future infrastructure maintenance and renewal costs Note2 Percentage of road bridges that were built more than 50 years ago Note1 Fifteen years from now, 75% of all buildings will be 50 years old or older. As of March 2040 75% As of March 2023 maintenance costs Note 1: Ministry of Land, Infrastructure, Transport and Tourism, "Current Status and Future of Aging Social Capital (as of July 16, 2 02 5)" Note 2: Calculated from "Estimates of future maintenance and renewal costs for social capital in areas under the jurisdiction of the Ministry of Land, Infrastructure, Transport and Tourism (November 30, 2018)" based on the difference in maintenance costs for corrective maintenance and preventive maintenance 20 years from now (FY2038) . year
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 16 CoolLaser is the world's highest - class power laser, and can quickly and cleanly remove rust from complex shapes such as bolts, which was previously difficult to remove. Laser technology produces no industrial waste Note and can even remove the salt that causes rust to recur. Click here to watch the CoolLaser introduction video. *YouTube will open Source ： Japan Video Topics “Technology to protect infrastructure” URL ： https://web - japan.org/jvt/ Note: Tomomi Kibata and Yasutaka Sasaki (2016) " Effect of reducing industrial waste containing harmful substances such as lead and PCBs using the Circulation Eco Clean Blasting Method " According to page 2 in https://www.cbr.mlit.go.jp/kikaku/2016kannai/pdf/in05.pdf , blasting requires 40kg/ m2 of abrasive material to remove 1kg/ m2 of paint from 1m2 . The amount of CO2 emissions required to transport industrial waste to the landfill site is 1kg/ m2 for CoolLaser ÷ 41kg/ m2 for blasting = 2.4% , a 98% reduction compared to blasting.
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. CoolLaser h as been granted the IP right in Japan and the US. This product stands out in the market by specializing in outdoor processing . CoolLaser is a revolutionary technology that uses laser light to remove paint, rust, and harmful substances from the surface of steel by melting, evaporating, and thermally crushing them, while minimizing the thermal impact on the steel itself by using ultra - high - speed circular rotation scan. Unit: item Domestic A broad Already acquired 20 8 Pending 12 7 total 32 15 Intellectual Property Rights Status As at the end of January 2026 Patented technology with ultra - high speed circular irradiation US - 9868179 Patent No. 5574354 17 Rust Salt Metal Laser
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. Differences from general laser cleaning equipment created by unique patented technology . General laser cleaning equipment Thermal effects and processing speed The thermal impact is small, but the processing speed is slow. Although the thermal impact is large, this is resolved using proprietary patented technology, and processing is fast. Examples of use Cleaning of thin metal sheets, molds, important parts. Cleaning of cultural heritage such as sculptures and stone buildings. Removal of rust and old paint from the surfaces of social infrastructure steel structures such as bridges and steel towers and ships and railway vehicles, removal of radioactive and other harmful substances, etc. Illustration of laser oscillation * Uses Pulsed Laser * Uses CW (continuous wave) Features • Low average power output • Linear Scan Method • High average power output • Circular Scan Method Advantages • Small thermal effect • High output is possible and processing speed is fast • Can remove thick paint films and rust • Oscillators are inexpensive • Long-distance transmission possible, enabling processing for a wide range area. • The circular scanning method is less likely to result in missing teeth when working handheld. Disadvantages • Difficult to achieve high output (maximum 1kW ) • processing speed is slow, and thick coating and rust are difficult to remove. • Oscillators are expensive • Long-distance transmission is difficult, making the range of processing limited. • The linear scanning method is prone to missing teeth when working by hand. • CW method has a large thermal effect, but our proprietary patented technology solves this problem. 18 time Strength time Strength
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 19 CoolLaser Product Positioning Multi - layered difficulty in imitation Current Position Map Note 1 CoolLaser has established a unique position in terms of high output and outdoor use . Both high output (vertical axis direction) and outdoor use (horizontal axis direction) entail various development difficulties . Note 1 : Based on our own analysis and consideration of the websites and catalogs of manufacturers where commercially available products have been confirmed. ▪ A track record as a front - runner. ✓ Development began in 2008, and since its global TV broadcast in 2018, there have been over 150 on - site achievements. ✓ The company holds a construction industry license. It has introduced prototypes to identify issues and reflected them in development. ✓ The optimal parameters for efficiently and cleanly removing rust have been discovered from tens of thousands of options. ✓ The patented circular rotating irradiation technology achieves both high output and handiness. ✓ Society of Laser Processing for Transportable System is working on standardization for social implementation and reflecting this in development. International standardization is also in sight in the future. ▪ Securing resources and excellent engineers by utilizing startup activities. ✓ Raising awareness and securing funds through startup activities. ✓ Engineers gathered from top manufacturers in Japan, a major power in optics. ✓ Based in Hamamatsu, the city of light, manufacturing with collaborative partners with high technical capabilities. ✓ Achieved capital procurement from major infrastructure owners and general contractors. Established a strong group of shareholder companies to promote the spread of CoolLaser. Outdoor processing Indoor Use Low Power ( Low degree of rust removal) Development Difficulty Low High Low High General laser cleaning equipment manufacturers High Power ( High degree of rust removal) Establishing a unique position
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Major construction equipment rental company Major space development organizations Applied to hydroelectric power generation facilities and power transmission towers Applied to communication towers where rust could not be removed Installs multiple units and rent them to construction companies Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 20 CoolLaser solves various customer needs and on - site pain points A major construction equipment rental company in the industry has a corporate culture that is proactive in adopting innovative new technologies, and has installed multiple CoolLasers. The construction equipment rental market is expected to grow in the future, driven by the trend of the sharing economy. Major electric power group company By improving the quality of processing work in the maintenance of hydroelectric power generation equipment and transmission line towers, the company hopes to prevent the recurrence of rust and reduce the life cycle costs of infrastructure. In a society with a declining population, the introduction of new technologies will help secure workers to cope with the declining number of workers. 40m - tall parabolic antenna is constantly in motion, temporary scaffolding could not be set up, and the thick rust that is typical of coastal areas could not be removed. CoolLaser does not use abrasives, so no dust is scattered, allowing work to be done without scaffolding, reducing processing time and costs. This type of need for partial repainting exists in many places. before after before after before after Machine sales Machine sales Processing sales
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 21 CoolLaser is more environmentally and worker - friendly than existing methods, and reduces waste costs and LCC. Industrial waste disposal costs and CO2 emissions Reduction of lead, PCBs, etc., which are harmful to workers Removal of salt that can cause rust to reoccur CoolLaser changes the 3 Ds (Dirty, Dangerous and Demeaning) in the workplace to 3 Cs (Cool, Clean and Creative) , contributing to the well - being of workers . Removing salt prevents the recurrence of rust and reduces life cycle costs, contributing to the maintenance and management of infrastructure within limited budgets . 0% 50% 100% 0% 50% 100% 0% 50% 100% 98% reduction Note 1 98% reduction Note 2 96% reduction Note 3 Note 1: 40kg/m2 of abrasive material used to remove paint using the sand blasting method ÷ (1kg/m2 of paint + 40kg/m2 of abrasive material) = 98% reduction. Source: Tomomi Kibata and Yasutaka Sasaki (2016) "Effect of r educing industrial waste containing harmful substances such as lead and PCBs using the circulating eco - clean blasting method" Note 2: 1 - Laser hybrid (CoolLaser + cup wire) method 0.6mg/m2 ÷ Sand blasting method 35.4mg/m2 = 98% reduction. Source: Civil Engineering New Technology Showcase 2023 in Tokyo (Date: 2023/0 9/ 27 Organized by: Public Works Research Institute) "Substrate preparation technology using laser surface treatment technology" Note 3: 1 - CoolLaser 2.4mg/m³ ÷ Lead concentration when using power tools (diamond tools) 61mg/m³ = 96% reduction. Source: Environmental Management Center Co ., Ltd. "Work environment measurement during paint removal work (2024/3/25)" Blast Blast Sander CoolLaser CoolLaser CoolLaser
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 22 CoolLaser can handle all processes in one go and reduce costs. Substrate preparation process Cost comparison by processing method Note 1 Note 1 : Source: In - house calculations assuming girder end (treatment area : 73 m2 ), old paint film : 300 µm ( containing PCBs ). Assumes that crushed slag and garnet ( non - metallic abrasive ) will be used as the abrasive for blasting. 99 95 95 466 415 216 31 951 907 19 1,560 1,218 517 0 500 1,000 1,500 2,000 塗膜剥離 サビ除去～素地調整 安全対策費 産廃処理費 Blast CoolLaser Stripping agent + blasting Salt removal High pressure cleaning, etc. Paint peeling Stripping agents, etc. Rust removal Power tools, etc. Surface preparation Blast Conventional method With CoolLaser, all processes can be completed with one machine. Reduction Unit: 10,000 yen Conventionally, surface preparation required changing equipment for each process, but with CoolLaser, the entire process can be done in one go . It also reduces costs such as industrial waste disposal fees, and taking into account other advantages, there are great benefits for all three parties : the client, the workers, and the users . Surface peeling Surface peeling to Surface preparation Safety measure cost Industrial waste disposal
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 23 The infrastructure maintenance market that CoolLaser targets is vast and numerous. With iron and oxygen, any structure will corrode through rust . There are a wide range of maintenance needs for outdoor structures, and our company focuses on the following areas : Bridges Steel tower Other Fields Maritime Road Railway Maritime Dock Communication Plant Power Transmission Storage Equipment Sales Domestic market size Over 80 billion yen (in 2023 ) Note 730,000 b ridges 100,000 b ridges 80,000 t owers 240,000 units 7,000 ships 1,000 ports 5,000 locations 7,000 units Note : Global blasting sales market size 8 . 7 Billion USD (a) × 145 yen/USD ( 2024 / 9 / 27 TTM Mitsubishi UFJ Research & Consulting) × 6 . 4 % (b) = Domestic blasting sales market size 80 billion yen (a) Maximize Market Research Global shot blasting machine market ( 2023 ) (b) Kobunsha "Takayoshi Sato's Overseas Construction Market Series ( 3 ) - Market Size Edition ( 2015 )" Japanese construction market size 257 . 6 billion USD ÷ Global construction market size 4 trillion USD The market size is a figure calculated by our company using the above calculation method based on public information or data created by a third party, etc . There are limitations to the accuracy of statistical surveys and data created by a third party, and it is an estimated value calculated based on certain assumptions or assumptions by our company, so it may differ significantly from the actual market size . Sources : Roads = Ministry of Land, Infrastructure, Transport and Tourism "Road Statistics Survey (March 2022 )", Railways = Ministry of Land, Infrastructure, Transport and Tourism "Railway Statistics Annual Report (FY 2021 )", Communications = JTOWER Business Plan (May 2024 ), Power Transmission = Ministry of Economy, Trade and Industry "Current Status of Technical Standards for Steel Towers and Utility Poles (November 2019 )", Maritime = Japan Federation of Coastal Shipping Associations Maritime Statistics Handbook ( 2019 ), Docks = Ministry of Land, Infrastructure, Transport and Tourism Ports and Harbors Bureau (April 2023 ), Plants = Agency for Natural Resources and Energy "Electricity Survey and Statistics ( 2019 )", Storage = Agency for Natural Resources and Energy "Petroleum Facilities Survey (March 2020 )" Domestic numbers Markets where BLAST is used The amount could be even larger if markets that could not use BLAST are also included . Note:
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Telecommunication towers 80,000 Towers Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 24 CoolLaser f uture growth strategies Examples of industry - based development measures ✓ Obtaining technical review certification for expressway companies ✓ Railway handbook specifications based on demonstration of long life in the railway field ✓ Establishment of transmission line tower processing method by major electric power core processing company Kanto, Tokai, Kinki ... Overseas Competitor companies A , B and C ... Privately owned Public ownership Regional axis Industry axis Note 2 Note 2 Note 2 Note 2 Note 2 Examples of regional development measures ✓ Collaboration with sales partners (leasing companies, agencies) ✓ Nationwide equipment deployment by construction equipment rental companies ✓ Sales expansion through exhibitions Note 1 : The above table is merely an image of the CoolLaser development that we currently envision , and does not represent any specific plans or forecasts, nor does it guarantee their achievement. Note 2 : The figures shown are for the domestic market. See page 17 for the source . Hydroelectric power generation : Agency for Natural Resources and Energy "Electricity Survey Statistics (2019) " Sales expansion image We have built up specifications and a track record for laser processing for each industry, and are expanding to other regions, other companies in the same industry, and overseas . Since infrastructure maintenance is a wide - ranging business with a huge number of cases both domestically and internationally, we are not limited to our own use, but as an equipment manufacturer, we will contribute to the maintenance of social infrastructure widely together with our users . Post - IPO growth strategy ✓ Utilizing raised funds to expand sales structure and increase leads ✓ Use the funds raised to conduct overseas PoCs (e.g., US state transportation departments, national oil majors, etc.) ✓ IPO and increased trust in the company, leading to higher order rates Hydroelectric power G eneration 1,700 units Railway 100,000 bridges Roads 730,000 bridges Power L ines 240,000 units
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 25 CoolLaser will grow its production and sales system, expanding its sales channels overseas, and contribute to solving a wide range of social issues by being adopted in public works projects. Note 1: The land and building for the relocation site have already been acquired, and the relocation work is underway. Note 2: The above table is merely a future plan and does not guarantee its achievement. The plan may be revised or the implem ent ation schedule may change in the future. Short - term Mid - term Long - term Expanding our organization (sales, development, maintenance) After 3 years After 5 years Expansion and relocation of production base Note 1 Specifications for each market Public works (road and bridge market) in full scale Entering the decontamination field Installation in the overseas market Overseas expansion in full scale Application development of the current model (G19 - 6000 series) Development of next - generation models Planned change in sales composition ratio Note 2 21% 79% CoolLaser SOSEI =Utilizes IPO funds 60% 40% 85% 15%
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４： Overview of financial results for the Third Quarter of the FY 2026/3 Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 26
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(61) (169) (339) (571) (185) (189) 301 469 5.9% 16.9% 32.6% 42.2% 19.2% 15.6% 8.1% 6.2% -100% -50% 0% 50% (600) (300) 0 300 600 900 1,200 FY2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3 3Q Operating profit R&D cost ratio 630 784 873 1,012 1,076 1,058 1,603 1,348 48 25 47 33 41 36 422 882 770 678 809 921 1,046 1,117 1,095 2,025 3,000 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2019/3 期 2020/3 期 2021/3 期 2022/3 期 2023/3 期 2024/3 期 2025/3 期 2026/3 期 予想 SOSEI CoolLaser 27 Unit: million yen Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. The Third quarter of the fiscal year ending March 2026 , sales progressed to 74 % of the full - year forecast . Development expenses are on a downward trend, and operating profit is on an upward trend. Trends in operating profit and R&D expense ratio Note Sales Trends Sales on CoolLaser continued to grow on equipment sales, as in the previous fiscal year. The continued growth of SOSEI will serve as the foundation for supporting the high growth of CoolLaser . Left axis: Operating profit (million yen) Right axis: R&D cost ratio(%) Development of G19 Completion of G19 , SOSEI price increase Operating profit by business segment (million yen) Note : R&D cost rate = R&D cost ÷ Sales FY2019/3 → FY 2024/3 CAGR : +10.1% FY2024/3 → FY2025/3 Growth rate : + 84.9 % CoolLaser delivery starts 3Q cum. total 2,231 Progress rate: 74 % FY2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3 Forecast FY2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3 3Q SOSEI 146 173 144 101 158 280 571 521 CoolLaser -98 -191 -348 -512 -186 -325 -69 139 Head office expenses -109 -151 -134 -160 -157 -143 -201 -191 Total -61 -169 -339 -571 -185 -189 301 469
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12 126 1,749 1,099 630 389 611 630 12 126 2,138 1,710 1,260 0 500 1,000 1,500 2,000 2,500 2022/3期 2023/3期 2024/3期 2025/3期 2026/3期 3Q末 SOSEI CoolLaser About the lead time SOSEI ・ One month from receiving an order to starting construction, and at most six months from start to completion, so it is not a business model that would normally lead to a buildup of orders. ・ We use the percentage of completion method. The order amount is counted according to sales progress. CoolLaser T akes about 6 months from order to delivery. About FY2024/3 SOSEI has also received an order for a large project spanning two and a half years, and orders for both businesses are on the rise. CoolLaser started receiving orders for G19, and order sales increased. About FY2025/3 The orders of SOSEI is counted as large - scale projects progress. The number of processing partner companies has increased as a result of receiving large - scale orders, and the expanded capacity will lead to sales growth. Orders for CoolLaser have been received for delivery in the first half of FY2026/3. About FY2026/3 3Q SOSEI: Large - scale projects are proceeding as planned. Focus is on sales activities to secure the next phase and preparing for the SOSEI x Solar collaboration. CoolLaser : The business will switch to build - to - forecast production with the start of the new factory's operation (2026/2 ～ ) . Focus is on preparation for 'spec - in' (standardization) domestically and receiving orders through exhibitions overseas. Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 28 Orders record Note1 by business and by year 6 machines Deliveries Planned in FY2026/3 ~FY2027/3 Note2 Unit: Orders record (million yen) 4 machines Note:1: Order backlog= Cumulative amount of order sales received at the end of each fiscal year - amount recognized as sales by the end of the fiscal year Note 2: The estimated delivery time is the current estimated delivery time, and may differ from the actual delivery time. 6 machines FY2022/3 2023/3 2024/3 2025/3 2026/3 3Q SOSEI: Large - scale projects are proceeding as planned. Focus is on sales activities to secure the next phase and preparing for the SOSEI x Solar collaboration. CoolLaser: With the new factory commencing operations, the business will switch from make - to - order production to build - to - forecast production. Focus is on domestic preparation for 'spec - in' (standardization) and receiving orders through overseas exhibitions. Regarding the order backlog, SOSEI’s record fluctuates due to securing projects lasting one year or more. CoolLaser is also expected to have a limited correlation with short - term sales as it switches to build - to - forecast production with the start of the new factory's operation.
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Composition ratio Composition ratio Composition ratio Composition ratio Compared to last year 1,095 100.0 2,025 100.0 1,538 100.0 2,231 100.0 145.1 SOSEI 1,058 96.6 1,603 79.1 1,221 79.4 1,348 60.4 110.4 CoolLaser 36 3.4 422 20.9 316 20.6 882 39.6 279.1 789 72.1 1,163 57.4 873 56.8 1,255 56.3 143.7 SOSEI 645 61.0 898 56.0 678 55.5 721 53.5 106.3 CoolLaser 143 392.0 264 62.6 195 61.8 534 60.5 273.3 305 27.9 862 42.6 664 43.2 975 43.7 146.8 SOSEI 413 39.0 704 44.0 543 44.5 627 46.5 115.4 CoolLaser -107 △ 292.0 158 37.4 120 38.2 348 39.5 288.6 494 45.2 561 27.7 400 26.0 506 22.7 126.4 Salary 153 14.0 190 9.4 137 9.0 171 7.7 124.4 Research and development expenses 170 15.6 163 8.1 119 7.8 139 6.2 116.7 Expert fee 103 9.4 110 5.5 80 5.2 102 4.6 128.6 Other expenses 66 6.1 96 4.8 62 4.1 92 4.1 146.8 -189 △ 17.3 301 14.9 264 17.2 469 21.0 177.7 SOSEI 280 26.5 571 35.7 446 36.5 521 38.7 116.9 CoolLaser -325 △ 885.4 -69 △ 16.4 -52 - 139 15.8 - Head office expenses -143 △ 13.1 -201 △ 9.9 -130 △ 8.5 -191 △ 8.6 147.3 59 5.4 3 0.2 2 0.2 6 0.3 239.3 28 2.6 42 2.1 19 1.3 16 0.7 84.4 -157 △ 14.4 262 13.0 247 16.1 459 20.6 185.8 -157 △ 14.4 262 13.0 247 16.1 459 20.6 185.8 -158 △ 14.5 321 15.8 268 17.5 391 17.6 145.7 Non-operating income Non-operating expenses Profit (loss) before income taxes Profit (loss) Ordinary profit (loss) Sales Gross profit Selling, general and administrative expenses Operating profit (loss) FY2026.3 3Q（Actual）FY2025.3 3Q （Actual） Cost of sales （Unit：Million yen、%） FY2024.3（Actual） FY2025.3（Actual） Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 29 In the Third quarter of the FY 2026/3 , sales grew while maintaining profitability, as in the previous FY. Breakdown of P/L ❶ CoolLaser delivered eight devices between April and December 2025 . 12 devices planned for delivery for the full fiscal year. One unit was transferred for internal - use equipment during Q3 (refer to P.33 for details). SOSEI's growth rate for the 3 Q of FY2026/3 is 10 .4% , exceeding the full - year forecast of +6.1% from FY2025/ 3 to FY2026/3 . ❷ Gross profit margins for both SOSEI and CoolLaser remains near 40% , as they were in FY2025 . SOSEI is at a higher level than the average level of about 25% in the construction industry. ❸ Personnel expenses increased due to the increase in the number of company employees (including PA) from 40 as of the end of March 2025 to 49 as of the end of December 2025 ( breakdown : SOSEI +3, CL +5, Head office +1). *Salary in the table include executive compensation. ❹ The increase in Expert Fees compared to last year includes 5M yen for the annual general meeting and 10M yen for the website renewal recorded in the 1Q, as well as 6M yen for international patent application fees and 4M yen for disclosure support software recorded in the 3Q. Note1: Source: Construction Industry Information Management Center, General Incorporated Foundation, "Construction Industry Management Analysis (2023) Summary Edition," p. 14 Note 2: 1Q financial results have not been reviewed by an auditing firm. 1 2 3 4
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Key Initiatives by Focus Area and Future Outlook Confidential All rights reserved. Ⓒ 2026 Toyokoh Inc. 30 Field FY2026/3 Activity Status Region Roads - Held a technical verification meeting for expressway companies ( 2025/4, 10, 11, 12 ). - Selected as a semi - recommended technology for FY2025 by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) fro m among 3,700 NETIS - registered construction methods (April 2025). - Exhibited at a construction technology exhibition (June 2025, approx. 20,000 visitors). - Participated in the New Technology Showcase in cooperation with the Public Works Research Institute under the jurisdiction of MLIT (July 2025, approx. 1,800 viewers). - PoC (test processing) on girder ends on expressways. Hundreds of similar aging locations exist on just one expressway route ( J uly 2025). - Conducted PoC on weathering steel bridges (September 2025, approx. 80 participants). Kinki, Tohoku, Shikoku, Kanto, Chubu Railway - Proposed to subways in the ASEAN region in collaboration with a general trading company (May 2025). - Held a technical verification meeting for railway bridges (2025/10, 12 ). ASEAN Region, Tokai, Kanto, Chugoku Power - Held an ad - hoc qualification training course for laser process technicians and management engineers for power facilities, brid ges, bases, etc. (April 2025, approx. 50 trainees). - Strengthened the application development of CoolLaser for asbestos removal (May 2025). - PoC on power company's transmission towers, hydroelectric power generation facilities (sluice gates), etc. (August 2025). - Strengthened expansion into the decommissioning market in collaboration with a shareholder (Taihei Dengyo Co., Ltd.) (Septemb er 2025). - Full - scale implementation for electric power company transmission towers using aerial work platforms (scaffolding - less). More c ost - effective than rebuilding due to rising steel costs (Nov 2025) Okinawa, Tohoku Maritime - Held an ad - hoc qualification training course for laser construction technicians and management engineers for shipyards and plant s (April 2025, approx. 40 trainees). Shikoku Defence - Developed distributors for military - related facilities at one of the world‘s largest anti - corrosion technology exhibitions in th e U.S. (April 2025). - Exhibited as a maintenance technology for defence equipment at military and defence exhibitions in the UK, Singapore, Saudi and Australia, in collaboration with the Acquisition, Technology & Logistics Agency (ATLA) (2025/9,11 & 2026/2 ). US, UK, Australia, ASEAN Region, Middle - East Demonstration tests, technical verification, and performance evaluation for standardization. Application development, improvement development, and construction method development based on feedback (as needed). By simultaneously expanding our production capacity and demonstrating that we can supply the required number of units for each field in preparation for the upcoming 'spec - in' (standardization), the relevant fields will gain significant momentum.
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Confidential All rights reserved. Ⓒ 2026 Toyokoh Inc. 31 Signing ceremony for CoolLaser’s first overseas order held at "Singapore Airshow 2026," one of Asia's largest aerospace exhibitions (Released Feb 12, 2026) Highlights from the ATLA booth at the two exhibitions: CoolLaser enables maintenance without generating secondary waste, protecting workers from health hazards and contributing to global environmental protection and the realization of a decarbonized society . In the UAE region, where the order was secured, high priority is placed on preventing worker health hazards and fulfilling responsibilities as an oil - producing nation toward a decarbonized society. GBA, the customer, has agreed to receive the delivery of the first unit during the fiscal year ending March 2027 . This serves as a precursor to multiple - unit deployment, with a view toward expanding into maintenance for defense - related facilities in the UAE The signing ceremony at the "Singapore Airshow 2026" is a direct result of the multiple support provided by ATLA in promoting CoolLaser at international exhibitions. (Left) Group photo of exhibitors at "Singapore Airshow 2026" (Feb 3 to Feb 6, 2026, Changi Exhibition Centre, Singapore) (Right) Signing ceremony with GBA, headquartered in Dubai, UAE.
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Confidential All rights reserved. Ⓒ 2026 Toyokoh Inc. 32 Extending the lifespan of pedestrian bridges with CoolLaser — Addressing the nationwide trend of bridge removal due to aging. - Social Issues Repainting the undersides of pedestrian bridges crossing roads was difficult because installing scaffolding for grit blasting carried the risk of collisions with passing trucks. As a result, many aging bridges at busy intersections have been slated for removal, leading to severe traffic congestion. - Solution via CoolLaser CoolLaser utilizes light energy and generates no secondary waste. Featuring a proprietary dust - collection mechanism at the laser head, it allows for repainting from aerial work platforms without the need for scaffolding . By utilizing CoolLaser , we can extend the life of the 12,000 pedestrian bridges across Japan , alleviating traffic congestion and supporting efficient regional economic activity. Source: Photo taken by Toyokoh Inc. in Mishima City, Shizuoka Prefecture, December 2025 Maintenance of a pedestrian bridge using CoolLaser
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Confidential All rights reserved. Ⓒ 2026 Toyokoh Inc. 33 Key items in the Balance Sheet. Investments for business growth were implemented during 3Q. Analysis of the Balance Sheet End of 2Q (End of Sep 2025) End of 3Q (End of Dec 2025 ) Increase / Decrease Factors Securities － 499 +499 Purchased 500 million yen worth of commercial paper (CP) issued by Mitsubishi HC Capital Inc. with a 3 - month maturity (Note 1). This investment aims to strengthen the partnership with Mitsubishi HC Capital, a leading leasing company and a key sales partner for CoolLaser . Note 1: The minimum purchase amount for the company's CP is 500 million yen. Machinery and equipment 61 125 +63 Previously, the Company owned only one unit of CoolLaser for internal use (on - site). Due to this shortage, we had to decline several requests for product demonstrations and on - site verifications. To prevent further lost opportunities, one unit was transferred from finished goods inventory to internal - use equipment. Unit: Million Yen Source: Quarterly Balance Sheet (Financial Results Summary)
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５： APPENDIX Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 34
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 35 70% of member companies are painting construction companies across the country. They are also expected to be potential users. Name Society of Laser Processing for Transportable System chairman Kazuhiro Nishikawa ( Former President of the Public Works Research Institute, National Research and Development Agency ) Base Akasaka K Tower 4F, 1 - 2 - 7 Motoakasaka, Minato - ku, Tokyo Establishment April 1 , 2019 Number of members 121 companies *As of the end of January 2026, including supporting members and academic members. Activities 1) Formulation and publication of safety guidelines for laser processing 2) Human Resource Development 3) Research into issues and countermeasures related to laser processing 4) Raising awareness about laser processing director Vice Chairman - Kazuhisa Fujita (Professor, Photonics Industry Creation Graduate School) Expert Director - Takeshi Mori (Professor Emeritus, Hosei University) - Shoken Shimizu (Specially Appointed Researcher, New Technology Safety Research Group, National Institute of Occupational Safety and Health, Japan Occupational Health and Safety Organization) - Shigenobu Kainuma (Professor, Department of Civil Engineering, Graduate School of Engineering, Kyushu University) - Keigo Suzuki （ Associate Professor, Fukui University, Engineering Department, Architecture and Construction Engineering Course ） Director - Kazuaki Toyosawa (CEO, TOYOKOH Inc.) - Masamitsu Takahashi (Chairman of Daiichi Cutter Kogyo Co., Ltd.) - Naoyuki Yamamoto (President and CEO of Yamamoto Optical Co., Ltd.) - Yasushi Kamihigashi (Chief Engineer, Central - NEXCO Technical Marketing Company Limited) - Kazuyuki Mizuguchi ( Executive Officer ( Technology Director) , Yokogawa Bridge Corp.) - Masaaki Watanabe (Manager of Civil Engineering Sales Department, Suzuyo Construction Co., Ltd.) In order to create a laser processing market, the association has been working on standardization of safety rules and handling qualification systems. 70% of the member companies are painting companies nationwide, and they have voiced their expectations as the first users of CoolLaser . Source: https://www.laser - seko.org/ Source: Notice of General Meeting of the Laser Processing Research Association, HP Society of Laser Processing for Transportable System Academic Member Repair Specialist Safety Expert Optical Expert 知 見 From the perspective of the client/prime contractor, a certain level of knowledge that is sufficient to be entrusted with processing is made visible. Findings Human Resources Development Committee Safety Committee Qualification system for laser irradiation processing / management technicians ・ Increase in people seeking qualifications ・ It will lead to attracting maintenance workers 資格 Qualified Person Private practitioner
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 36 CoolLaser Configuration Truck mounted ① System ② Laser oscillator chiller ③ Transformer Touch Panel ④ Touch panel A ⑤ Touch panel B Laser Control Area ⑩ Signal Tower ⑪ Control box ⑫ Head chiller ⑬ Dust collector Laser head ⑭ Laser head Safety measures ⑮ Protective equipment ⑯ Shielding material System Overview Item Specifications Laser : 5.4kW near infrared light continuous wave ( CW ) Loading dimensions: Approx. 5,500mm (W) x 1,750mm (D) x 2,100mm (H) Total weight: Approx . 3,000kg Power consumption: 50kVA ( please use a generator of over 100kVA ) Cables ⑥ Air hose ⑦ Communication cable ⑧ Optical fiber ⑨ Connection cable
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 37 SOSEI with other processing methods SOSEI has a good overall balance and is a service with a high repeat rate among customers . SOSEI Metal cover method A method of covering a steel roof from above Slate roof replacement A method to replace a roof with a new one When to use The structural strength is weak and metal cover is not an option, insulation is required, and the price is reasonable When the appearance has priority When deterioration is significant and it is possible to stop factory operations Cost ( design unit price ) Note 1 ○ ( 15,000 yen / ㎡ ) △ ( 20,000 yen / ㎡ ) ○ ( 15,000 yen / ㎡ ) Cost ( running ) ○ ( Every 15 to 20 years) ◎ ( Every 20 years) ◎ ( Every 20 years) Load ○ ( ~2.5kg/ ㎡ ) ✕ ( 6~15kg/ ㎡ ) - Durability ○ ( About 15 years) ◎ ( About 20 years) ◎ ( About 20 years) Processing Period ○ ( ~150 m2 / day) ○ ( ~150 m2 / day) ✕ ( 50 m2 / day) Thermal insulation ◎ ( Around - 20 ℃) △ (Insulation required, increased costs) ✕ (No effect) Pre - processing ◎ (No pre - processing required) △ (Requires drilling holes or replacing hook bolts, asbestos inspection) ✕ (Factory operations must be suspended) Comprehensive evaluation ◎ Overall, there are no weaknesses. Well - balanced △ The roof load is large, and processing costs are high due to the recent rise in raw materials. ✕ The factory must be suspended Note 1 : Scaffolding costs are excluded. ◎ ○ △ × in the table are based on our own analysis and consideration based on interviews with processing clients, prime contractors, etc.
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Confidential All rights reserved. Ⓒ 2026 TOYOKOH Inc. 38 This document has been prepared by our company solely for the purpose of providing information to deepen understanding of our co mpany, and has not been prepared for the purpose of soliciting investment or engaging in any similar activities, whether in Japan or ov erseas. The statements about the future, such as earnings forecasts, contained in this document (including, but not limited to, our b usi ness plans, market size, competitive situation, information on the industry, and growth potential) are based on our judgment and availabl e i nformation as of the date of publication of this document, and do not guarantee future earnings, etc., and contain various risks and unc ert ainties. Please note that actual earnings, etc. may differ from forecasts due to changes in the environment, etc. This document contains information about parties other than our company, such as information about our competitive environmen t, industry trends, and changes in the general social structure. Our company has not independently verified the accuracy, ration ali ty, or appropriateness of this information, and does not guarantee any of the information. <Contact> TOYOKOH Inc. pr@toyokoh.com