Interim report
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Accounting Standards F Note : FASF MEMBERSHIP 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 . August 10 , 2026 Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) Tokyo Stock Exchange ( Prime ) https://www.cgc-jp.com/ Company name : Listing : Central Glass Co. , Ltd. Securities code : 4044 URL : Representative : Inquiries : Telephone : Kazuhiko Maeda , Representative Director , President & CEO Hidekazu Hashimoto , General Manager of Corporate Communications Department + 81-3-3259-7062 Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Holding of financial results briefing : Yes None ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( April 1 , 2026 through June 30 , 2026 ) ( 1 ) Consolidated operating results ( Percentages indicate year - on - year changes . ) Net sales Three months ended Millions of yen % Operating profit Millions of yen % Ordinary profit Millions of yen % Profit attributable to owners of parent Millions of yen % June 30 , 2026 June 30 , 2025 37,763 33,368 13.2 ( 4.2 ) 3,958 1,586 149.4 4,875 173.7 3,906 368.3 ( 46.0 ) 1,781 ( 57.5 ) 834 ( 72.3 ) Note : Comprehensive income For the three months ended June 30 , 2026 : 6,664 million yen [ - % ] ( The difference is shown as " - " since it is greater than 1,000 % . ) For the three months ended June 30 , 2025 : 541 million yen [ ( 87.5 ) % ] Basic earnings per share Three months ended Yen June 30 , 2026 June 30 , 2025 157.56 33.65 ( 2 ) Consolidated financial position As of Diluted earnings per share Yen Total assets Net assets Equity ratio Millions of yen 201,798 197,825 Millions of yen % 132,509 128,212 63.3 62.5 June 30 , 2026 March 31 , 2026 Reference : Equity As of June 30 , 2026 : 127,748 million yen As of March 31 , 2026 : 123,625 million yen 2. Cash dividends First quarter Second quarter Annual dividends per Third quarter share Year - end Total Yen Fiscal year ended March 31 , 2026 Yen 85.00 Yen Yen 85.00 Yen 170.00 Fiscal year ending March 31 , 2027 Fiscal year ending March 31 , 2027 ( Forecast ) 85.00 85.00 170.00 Note : Revisions to the forecast of cash dividends most recently announced : None
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3. Consolidated financial forecast for the year ending March 31, 2027(April 1, 2026 through March 31, 2027) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen First six months ending September 30, 2026 79,000 18.9 6,200 147.8 6,300 84.6 4,200 96.6 169.4 Fiscal year ending March 31, 2027 167,500 15.9 11,000 9.7 11,300 (8.0) 8,000 (4.3) 322.67 Note: Revision to the financial forecast most recently announced: Yes * Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes (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 shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 26,000,000 shares As of March 31, 2026 26,000,000 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 1,206,592 shares As of March 31, 2026 1,207,216 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 24,792,947 shares Three months ended June 30, 2025 24,784,470 shares Note: Treasury shares held by the trust account for the granting of stock to directors and employees are included in the number of treasury shares at the end of the period and in the number of treasury shares deducted in calculating the average number of shares outstanding during the period. * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Cautionary note regarding forward-looking statements: The above forecast is based on data available as of the date of release of this document as well as assumptions based on uncertain factors, which might have a material effect on the Company’s performance in the future.
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■Overview of Business Results 1. Overview of quarterly operating results Net sales increased 13.2% year on year to 37,763 million yen because the Group engaged in proactive sales activities. Operating profit increased by 2,371 million yen year on year to 3,958 million yen as a result of company -wide efficiency improvement and operational streamlining initiatives. Ordinary profit increased by 3,094 million yen year on year to 4,875 million yen, and quarterly profit attributable to owners of parent increased by 3,072 million yen year on year to 3,906 million yen. Overview by Segment [Electronic Materials Business] Net sales increased 23.5% year on year to 7,494 million yen because of higher selling prices resulting from the weak yen, price revisions in response to rising raw material costs for certain specialty gas products, and the resolution of the impact of a temporary decline in shipments of resist materials during the previous fiscal period. Operating profit increased by 1,122 million yen year on year to 2,134 million yen due to increased net sales, despite the rise in raw material costs. (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Amount % Net sales 6,068 7,494 1,425 23.5 Operating profit 1,012 2,134 1,122 110.8 [Energy Materials Business] Net sales increased 81.5% year on year to 3,881 million yen due to factors such as the expansion of mass production for large-scale projects in Japan. Operating loss was 832 million yen, an improvement of 241 million yen compared to the same period of the previous year. This was due to an increase in revenue, despite the impact of rising raw material costs that had continued since the second half of the previous fiscal year. (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Amount % Net sales 2,138 3,881 1,742 81.5 Operating profit (loss) (1,073) (832) 241 - [Life & Healthcare (L&HC) Business] Net sales increased 4.7% year on year to 10,055 million yen. Operating profit rose 704 million yen year on year to 1,657 million yen, driven by both the increase in net sales and the effects of reduced fixed costs. (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Amount % Net sales 9,601 10,055 454 4.7 Operating profit 952 1,657 704 74.0 Medi-Chemicals Net sales were lower than in the same period of the previous year due to the impact of the sale of shares in our consolidated subsidiary in the United Kingdom, despite rising product prices due to the weak yen. Applied Chemicals Net sales increased year on year due to growth in sales of functional materials and certain inorganic chemical products. Fertilizers Net sales exceeded the same period of the previous year because the average selling price was higher than in the same period of the previous year due to a price adjustment implemented in the second half of the previous fiscal year , although sales volume remained on par with the previous year.
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Breakdown of net sales by business subsegment (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Amount % Medi-Chemicals 3,153 2,468 (685) (21.7) Applied Chemicals 4,453 5,462 1,009 22.7 Fertilizers 1,994 2,124 130 6.5 Total 9,601 10,055 454 4.7 [Glass Business] Net sales increased 5.1% year on year to 15,031 million yen. Operating profit rose by 300 million yen year on year to 931 million yen, driven by increased net sales, despite the impact of rising raw material costs. (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Amount % Net sales 14,299 15,031 731 5.1 Operating profit 630 931 300 47.7 Architectural glass Net sales increased year on year due to price revisions, although the non-residential market remained sluggish. Automotive glass Net sales increased year on year due to price revisions. Glass fiber Net sales exceeded the same period of the previous year due to increased sales of glass wool products for the automotive industry. Breakdown of net sales by business subsegment (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Amount % Architectural glass 5,458 5,647 189 3.5 Automotive glass 6,721 7,090 369 5.5 Glass fiber 2,119 2,292 173 8.2 Others 0 0 0 0.7 Total 14,299 15,031 731 5.1 2. Overview of quarterly consolidated financial position Total assets at the end of the first quarter of the fiscal year increased by 3,973 million yen from the end of the previous fiscal year to 201,798 million yen. This was mainly attributable to increases of 3,206 million yen in cash and deposits and 3,033 million yen in investment securities due to higher stock prices, which more than offset decreases of 1,281 million yen in notes and accounts receivable, trade, and contract assets, and 1,117 million yen in property, plant and equipment. Total liabilities decreased by 323 million yen from the end of the previous fiscal year to 69,289 million yen. While accrued expenses increased by 1,546 million yen, interest-bearing debt decreased by 1,106 million yen due mainly to the repayment of borrowings, and provisions decreased by 564 million yen. Net assets increased by 4,296 million yen from the end of the previous fiscal year to 132,509 million yen. Although net assets decreased by 2,146 million yen due to dividend payments, profit attributable to owners of the parent of 3,906 million yen was recorded for the quarter, and net unrealized gains on available -for-sale securities increased by 2,043 million yen. The equity ratio increased by 0.8 percentage points to 63.3%.
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3. Overview of quarterly research and development activities The Group’s research and development (R&D) expenses for the three months ended June 30, 2026 amounted to 1,869 million yen. There have been no significant changes in the status of the Group's R&D activities during the first quarter of the fiscal year under review. (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Difference Amount % R&D expenses 1,913 1,869 (44) (2.3) 4. Future forecast The Company has reviewed our earnings forecast s for the first half and the full fiscal year of FY2026 , which were announced on May 14, 2026. For further details, please refer to Notice of Revisions to Consolidated Financial Forecasts for the First-Half and the Full Year of FY2026 disclosed today. The consolidated financial forecast is based on judgments made on information available to the Company at the present time. Actual results may differ from the forecast due to various factors. We will carefully assess the impact of future changes in business conditions and review the forecast as necessary.
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■Quarterly 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 25,697 28,904 Notes and accounts receivable - trade, and contract assets 35,043 33,762 Merchandise and finished goods 26,124 26,550 Work in process 2,495 2,685 Raw materials and supplies 14,334 14,655 Other 3,816 3,366 Allowance for doubtful accounts (117) (122) Total current assets 107,395 109,803 Non-current assets Property, plant and equipment Buildings and structures, net 18,183 17,901 Machinery, equipment and vehicles, net 15,072 14,433 Land 20,406 20,408 Construction in progress 2,800 2,875 Other, net 4,662 4,390 Total property, plant and equipment 61,125 60,008 Intangible assets Other 1,623 1,698 Total intangible assets 1,623 1,698 Investments and other assets Investment securities 18,765 21,798 Other 8,974 8,553 Allowance for doubtful accounts (59) (63) Total investments and other assets 27,680 30,288 Total non-current assets 90,429 91,995 Total assets 197,825 201,798
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 13,733 13,834 Short-term borrowings 6,838 7,389 Current portion of bonds payable 5,000 5,000 Income taxes payable 924 1,269 Contract liabilities 999 1,053 Provision for bonuses 1,263 400 Other 13,437 14,290 Total current liabilities 42,198 43,237 Non-current liabilities Bonds payable 10,000 10,000 Long-term borrowings 7,998 6,370 Provision for special repairs 2,889 3,027 Provision for share awards for directors (and other officers) 83 104 Provision for share awards for employees 555 595 Retirement benefit liability 4,608 4,709 Asset retirement obligations 227 227 Other 1,051 1,017 Total non-current liabilities 27,414 26,051 Total liabilities 69,612 69,289 Net assets Shareholders' equity Share capital 18,168 18,168 Capital surplus 8,109 8,109 Retained earnings 85,616 87,375 Treasury shares (3,792) (3,791) Total shareholders' equity 108,101 109,862 Accumulated other comprehensive income Valuation difference on available -for-sale securities 7,548 9,592 Foreign currency translation adjustment 6,666 7,025 Remeasurements of defined benefit plans 1,309 1,267 Total accumulated other comprehensive income 15,524 17,885 Non-controlling interests 4,586 4,760 Total net assets 128,212 132,509 Total liabilities and net assets 197,825 201,798
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2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 33,368 37,763 Cost of sales 24,679 26,522 Gross profit 8,688 11,240 Selling, general and administrative expenses 7,101 7,282 Operating profit 1,586 3,958 Non-operating income Interest income 33 23 Dividend income 443 460 Share of profit of entities accounted for using equity method － 4 Foreign exchange gains － 280 Other 469 437 Total non-operating income 946 1,207 Non-operating expenses Interest expenses 67 65 Share of loss of entities accounted for using equity method 21 － Foreign exchange losses 502 － cost of inactive non-current assets 30 58 Loss on abandonment of non-current assets 84 108 Other 45 57 Total non-operating expenses 752 290 Ordinary profit 1,781 4,875 Extraordinary losses Loss on sale of investment securities － 0 Total extraordinary losses － 0 Profit before income taxes 1,781 4,874 Income taxes 739 681 Profit 1,041 4,193 Profit attributable to non-controlling interests 207 286 Profit attributable to owners of parent 834 3,906
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Consolidated Statements of Comprehensive Income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 1,041 4,193 Other comprehensive income Valuation difference on available-for-sale securities (287) 2,038 Deferred gains or losses on hedges (15) － Foreign currency translation adjustment 211 419 Remeasurements of defined benefit plans, net of tax (36) (42) Share of other comprehensive income of entities accounted for using equity method (372) 54 Total other comprehensive income (500) 2,470 Comprehensive income 541 6,664 Comprehensive income attributable to Comprehensive income attributable to owners of parent 290 6,267 Comprehensive income attributable to non-controlling interests 250 396
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3. Notes to Quarterly Consolidated Financial Statements Notes on premise of going concern Not applicable. Adoption of specific accounting policies for quarterly consolidated financial statement Income tax expenses of the Company and some consolidated subsidiaries are calculated by multiplying quarterly income before income taxes by the effective tax rate that is reasonably estimated by applying tax effect accounting to the projected annual income before income taxes. Notes to segment information 1. The first quarter ended June 30, 2025 (Millions of yen ) Reportable Segments Others (*1) Adjustments (*2) Consolidated Electronic Materials Energy Materials L&HC Glass Total Net sales: External customers 6,068 2,138 9,601 14,299 32,108 1,259 - 33,368 Intersegment 24 1 18 0 44 505 (549) - Total 6,093 2,140 9,619 14,300 32,152 1,764 (549) 33,368 Segment profit or loss (Operating profit) 1,012 (1,073) 952 630 1,521 65 - 1,586 2. The first quarter ended June 30, 2026 (Millions of yen ) Reportable Segments Others (*1) Adjustments (*2) Consolidated Electronic Materials Energy Materials L&HC Glass Total Net sales: External customers 7,494 3,881 10,055 15,031 36,463 1,300 - 37,763 Intersegment - 1 88 1 91 1,012 (1,104) - Total 7,494 3,882 10,144 15,033 36,554 2,313 (1,104) 37,763 Segment profit or loss (Operating profit) 2,134 (832) 1,657 931 3,890 67 - 3,958 *1: “Others” represents business segments that are not included in the reportable segments and primarily consists of trading operations and other related businesses. *2: “Adjustments” are intersegment eliminations. Notes on significant changes in the amount of shareholders’ equity Not applicable. Notes to quarterly consolidated statement of cash flows Quarterly consolidated statements of cash flows have not been prepared for the first quarter of the current fiscal year. Depreciation (including amortization related to intangible assets) for the first quarter of the fiscal year under review are as follows. (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Depreciation 1,974 1,995