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 . Consolidated Financial Results for the Six Months Ended June 30 , 2026 ( Under Japanese GAAP ) Company name : SHIKOKU KASEI HOLDINGS CORPORATION Listing : Tokyo Stock Exchange Securities code : 4099 URL : https://www.shikoku.co.jp/eng/ Representative : Mitsunori Watanabe Inquiries : Yoshiaki Ando Telephone : + 81-877-22-4111 President Director in charge of Corporate Management Scheduled date to file semi - annual securities report : August 12 , 2026 Scheduled date to commence dividend payments : September 4 , 2026 Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes August 12 , 2026 FASF ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the six months ended June 30 , 2026 ( from January 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Profit attributable to owners of parent Six months ended June 30 , 2026 June 30 , 2025 Note : Comprehensive income For the six months ended June 30 , 2026 : For the six months ended June 30 , 2025 : Net sales Millions of yen 45,841 Operating profit % Millions of yen % 34,172 34.1 ( 3.0 ) 9,439 5,253 79.7 Ordinary profit Millions of yen 9,692 % Millions of yen % 8.6 5,205 86.2 ( 12.3 ) 6,663 78.7 3,729 ( 7.5 ) ¥ 9,634 million 50.1 % ] ¥ 6,421 million 20.4 % ] Basic earnings per share Diluted earnings per share Six months ended June 30 , 2026 June 30 , 2025 Yen 77.04 42.12 Yen The Company conducted a 2 - for - 1 stock split of its common stock on July 1 , 2026. Basic earnings per share are calculated assuming that the stock split took place at the beginning of the fiscal year ended December 31 , 2025 . ( 2 ) Consolidated financial position As of June 30 , 2026 Total assets Net assets Equity - to - asset ratio Millions of yen 159,348 144,403 Millions of yen 102,931 94,599 % 64.2 65.0 December 31 , 2025 Reference : Equity As of June 30 , 2026 : ¥ 102,236 million As of December 31 , 2025 : ¥ 93,794 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 - 25.00 - 30.00 55.00 December 31, 2025 Fiscal year ending - 30.00 December 31, 2026 Fiscal year ending December 31, 2026 (Forecast) - 25.00 - Note: Revisions to the forecast of cash dividends most recently announced: Yes The Company conducted a 2-for-1 stock split of its common stock on July 1, 2026. The dividends per sha re shown above for the fiscal year ended December 31, 2025 and for the second qua rter-end of the fiscal year ending December 31, 202 6 are the amounts before the stock split. The total annual dividend per share for the fiscal year ending December 31, 2026 (forecast) is not shown because, due to the implementation of the stock split, it is not possib le to simply add up the second quarter-end and fisc al year-end dividends. Without considering the stock split, the fiscal year-end dividend per share for the fiscal year ending December 31, 2026 (forecast) is ¥50.00, and the total annual dividend per share is ¥80.00. 3. Consolidated financial result forecasts for the fiscal year ending December 31, 2026 (from January 1, 2026 to December 31, 2026) (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 Full year 94,000 32.9 18,000 65.6 18,400 54.3 12,600 48.9 145.67 Note: Revisions to the financial result forecast most recently announced: Yes The Company conducted a 2-for-1 stock split of its common stock on July 1, 2026. Basic earnings per share are calculated assuming that the stock split took place at the beginning of the fiscal year ending December 31, 2026. * Notes (1) Significant changes in the scope of consolidation during the period: Yes Newly included: ２ companies( PT Timuraya Tunggal,PT Pradipa Persada ) Excluded: - companies( ) (2) Adoption of accounting treatment specific to the preparation of semi-annual 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 89,739,126 shares As of December 31, 2025 89,739,126 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 3,240,786 shares As of December 31, 2025 3,240,674 shares
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(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended June 30, 2026 86,498,400 shares Six months ended June 30, 2025 88,562,148 shares The Company conducted a 2-for-1 stock split of its common stock on July 1, 2026. The total number of i ssued shares at the end of the period, the number of treasury shares at the end of the period, and the average number of shares outst anding during the period are calculated assuming that the stock split took place at the beginning of the fiscal year ended December 31, 2025. * Semi -annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Proper use of earnings forecasts, and other special matters Forward-looking statements such as operating results forecasts and other projections contained in this report are based on information currently available to the Company and certain assumptions deemed reasonable. Actual results may differ significantly from these forecasts due to a wide range of factors. The Company plans to hold a financial results briefing for institutional investors and analysts on Tuesday, August 25, 2026. The content (video and transcript) will be posted on the Company’s website shortly after the briefing.
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Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet (Millions of yen) As of December 31, 2025 As of June 30, 2026 Assets Current assets Cash and deposits 35,534 36,756 Notes receivable - trade 60 9 Electronically recorded monetary claims - operating 3,369 3,457 Accounts receivable - trade 15,143 19,989 Securities 11,895 11,198 Merchandise and finished goods 9,835 9,703 Work in process 109 319 Raw materials and supplies 4,645 7,390 Other 1,494 1,671 Allowance for doubtful accounts (1) (10) Total current assets 82,087 90,485 Non-current assets Property, plant and equipment Buildings and structures, net 6,975 7,490 Machinery, equipment and vehicles, net 9,772 10,363 Land 9,105 8,914 Construction in progress 3,047 6,682 Other, net 880 1,039 Total property, plant and equipment 29,781 34,489 Intangible assets Goodwill 66 1,992 Other 589 561 Total intangible assets 656 2,554 Investments and other assets Investment securities 27,465 27,012 Deferred tax assets 1,880 2,051 Retirement benefit asset 1,446 1,436 Other 1,087 1,321 Allowance for doubtful accounts (2) (2) Total investments and other assets 31,878 31,819 Total non-current assets 62,315 68,863 Total assets 144,403 159,348
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(Millions of yen) As of December 31, 2025 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 8,981 10,962 Electronically recorded obligations - operating 552 437 Short-term borrowings 3,000 5,474 Current portion of long-term borrowings 7,520 3,194 Accrued expenses 1,801 2,142 Income taxes payable 2,497 3,324 Accrued consumption taxes 203 176 Electronically recorded obligations-facilities 65 637 Other 3,562 3,238 Total current liabilities 28,184 29,587 Non-current liabilities Long-term borrowings 13,832 17,483 Deferred tax liabilities 5,312 6,735 Deferred tax liabilities for land revaluation 1,029 1,029 Provision for retirement benefits for directors (and other officers) 111 114 Retirement benefit liability 527 598 Asset retirement obligations 371 370 Provision for share awards 108 127 Other 325 370 Total non-current liabilities 21,619 26,829 Total liabilities 49,803 56,417 Net assets Shareholders' equity Share capital 6,867 6,867 Capital surplus 5,711 5,711 Retained earnings 69,085 74,446 Treasury shares (2,996) (2,997) Total shareholders' equity 78,668 84,029 Accumulated other comprehensive income Valuation difference on available -for -sale securities 11,670 14,791 Revaluation reserve for land 2,249 2,248 Foreign currency translation adjustment 472 467 Remeasurements of defined benefit plans 733 699 Total accumulated other comprehensive income 15,126 18,207 Non-controlling interests 804 694 Total net assets 94,599 102,931 Total liabilities and net assets 144,403 159,348
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Semi-annual Consolidated Statements of Income and Comprehensive Income Semi-annual Consolidated Statement of Income (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Net sales 34,172 45,841 Cost of sales 19,653 25,713 Gross profit 14,518 20,127 Selling, general and administrative expenses Transportation and storage costs 3,223 3,659 Advertising expenses 560 545 Salaries 1,418 1,608 Retirement benefit expenses 51 81 Provision for retirement benefits for directors (and other officers) 5 10 Research and development expenses 1,000 1,171 Other 3,005 3,612 Total selling, general and administrative expenses 9,264 10,687 Operating profit 5,253 9,439 Non-operating income Interest income 183 209 Dividend income 368 139 Foreign exchange gains - 183 Miscellaneous income 22 43 Total non-operating income 574 575 Non-operating expenses Interest expenses 71 291 Foreign exchange losses 536 - Donations 5 - Miscellaneous losses 9 31 Total non-operating expenses 622 322 Ordinary profit 5,205 9,692 Extraordinary income Gain on sale of non-current assets 5 1 Gain on sale of investment securities 146 286 Subsidy income - 213 Total extraordinary income 152 501 Extraordinary losses Loss on sale of non-current assets 5 2 Loss on retirement of non-current assets 39 59 Impairment losses - 228 Loss on sale of investment securities - 197 Total extraordinary losses 45 488 Profit before income taxes 5,312 9,705 Income taxes 1,542 3,152 Profit 3,769 6,553 Profit (loss) attributable to non-controlling interests 40 (110) Profit attributable to owners of parent 3,729 6,663
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Semi-annual Consolidated Statement of Comprehensive Income (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Profit 3,769 6,553 Other comprehensive income Valuation difference on available-for-sale securities 2,910 3,121 Revaluation reserve for land (29) - Foreign currency translation adjustment (214) (4) Remeasurements of defined benefit plans, net of tax (15) (34) Total other comprehensive income 2,651 3,081 Comprehensive income 6,421 9,634 Comprehensive income attributable to Comprehensive income attributable to owners of parent 6,380 9,745 Comprehensive income attributable to non -controlling interests 40 (110)
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Semi-annual Consolidated Statement of Cash Flows (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Cash flows from operating activities Profit before income taxes 5,312 9,705 Depreciation 1,473 2,046 Impairment losses - 228 Increase (decrease) in retirement benefit liability (2) (165) Decrease (increase) in retirement benefit asset (38) (35) Interest and dividend income (552) (348) Interest expenses 71 291 Loss (gain) on sale of investment securities (146) (89) Subsidy income - (213) Loss on retirement of property, plant and equipment 39 59 Loss (gain) on sale of property, plant and equipment 0 1 Decrease (increase) in trade receivables (68) (2,702) Decrease (increase) in inventories 69 (216) Increase (decrease) in trade payables (1,247) (784) Increase (decrease) in accrued consumption taxes 220 261 Other, net 575 (162) Subtotal 5,707 7,875 Interest and dividends received 566 388 Interest paid (74) (298) Subsidies received - 213 Income taxes refund (paid) (1,949) (2,191) Net cash provided by (used in) operating activities 4,250 5,987 Cash flows from investing activities Proceeds from redemption of securities 2,000 - Purchase of property, plant and equipment (2,680) (2,699) Proceeds from sale of property, plant and equipment 12 3 Payments for retirement of property, plant and equipment (38) (53) Purchase of shares of subsidiaries resulting in change in scope of consolidation (106) (4,435) Purchase of investment securities (5) (5) Proceeds from sale and redemption of investment securities 3,720 5,826 Other, net (84) (253) Net cash provided by (used in) investing activities 2,816 (1,617) Cash flows from financing activities Net increase (decrease) in short-term borrowings (3,500) (126) Proceeds from long-term borrowings 3,300 4,701 Repayments of long-term borrowings (9,153) (6,522) Purchase of treasury shares (2,794) (0) Dividends paid (1,120) (1,303) Other, net (2) 20 Net cash provided by (used in) financing activities (13,270) (3,230) Effect of exchange rate change on cash and cash equivalents (338) 82 Net increase (decrease) in cash and cash equivalents (6,541) 1,221 Cash and cash equivalents at beginning of period 33,739 35,484 Cash and cash equivalents at end of period 27,197 36,706