Interim report
Page 1
DISCLAIMER: This document has been translated from a part of 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 4, 2026 Consolidated Financial Results for the Three Months Ended June 30, 2026 (Under Japanese GAAP) Company name: USS Co., Ltd. Listing: Tokyo Stock Exchange / Nagoya Stock Exchange Securities code: 4732 URL: https://www.ussnet.co.jp/en/ Representative: Yukihiro Ando, Ch airman and Representative Director Inquiries: Shota Kawasaki, General Manager, Finance Department, Supervisory Office Telephone: +81-52-689-1109 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results fo r the three months ended June 30, 2026 (from April 1, 2026 to June 30, 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 % June 30, 2026 31,256 14.1 16,150 9.8 16,348 9.9 10,946 7.0 June 30, 2025 27,389 6.8 14,708 9.4 14,870 9.2 10,232 10.6 Note: Comprehensive income For the three months ended June 30, 2026: ¥11,108 million [7.4%] For the three months ended June 30, 2025: ¥10,344 million [10.9%] Basic earnings per share Diluted earnings per share Three months ended Yen Yen June 30, 2026 23.83 23.78 June 30, 2025 21.73 21.69 (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % June 30, 2026 243,031 190,273 76.8 March 31, 2026 270,130 210,966 76.7 Reference: Equity As of June 30, 2026: ¥186,564 million As of March 31, 2026: ¥207,078 million 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 March 31, 2026 - 25.20 - 29.50 54.70 Fiscal year ending March 31, 2027 - Fiscal year ending March 31, 2027 (Forecast) 28.20 - 28.20 56.40 Note: Revisions to the forecast of cash dividends most recently announced: Yes 3. Forecast of consolidated financial results for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 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 Six months ending September 30, 2026 60,980 13.0 31,130 8.4 31,520 8.5 21,100 5.8 46.16 Fiscal year ending March 31, 2027 121,800 7.0 62,600 4.6 63,400 4.6 42,600 3.0 93.46 Note: Revisions to the earnings forecasts most recently announced: Yes
Page 2
* Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the prepar ation of quarterly consolidated financial statements: Yes (Calculation of tax expenses) Taxes are calculated by determining a reasonable estimate of the effective tax rate, after the application of tax effect accounting, for profit before income taxes in the current fiscal year (including the first quarter). Quarterly profit before income taxes is then multiplied by this estimated effective tax rate to calculate taxes. (3) Changes in accounting policies, change s in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policie s 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 474,000,000 shares As of March 31, 2026 474,000,000 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 19,785,702 shares As of March 31, 2026 9,702,502 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 459,231,423 shares Three months ended June 30, 2025 470,762,673 shares Note: The number of treasury shares at the end of the fiscal year includes shares owned by the USS Employee Stock Ownership Plan Trust. (the fiscal year ended March 31, 2026: 75,900 shares) As of June 30, 2026, no treasury shares held by the Trust remain, as all shares held by the Trust have been sold. * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (optional) * Proper use of earnings foreca sts, and other special matters (Cautions on forward-looking statements, etc.) The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors. (Method of accessing supplementary material on financial results) On Tuesday, August 4, 2026, the Company will post supplementary financial results explanatory materials on the Company's website.
Page 3
Quarterly consolidated balance sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 110,433 81,689 Receivables due from member dealers at auction 13,433 13,807 Notes and accounts receivable - trade, and contract assets 3,700 3,571 Operating loans 10,394 10,785 Inventories 1,883 1,946 Other 2,206 3,342 Allowance for doubtful accounts (308) (312) Total current assets 141,741 114,831 Non-current assets Property, plant and equipment Buildings and structures, net 36,188 35,604 Land 62,702 62,702 Construction in progress 104 105 Other, net 2,885 3,274 Total property, plant and equipment 101,880 101,687 Intangible assets Goodwill 6,207 6,072 Other 7,519 7,662 Total intangible assets 13,726 13,735 Investments and other assets Investments and other assets 13,470 13,539 Allowance for doubtful accounts (688) (761) Total investments and other assets 12,781 12,778 Total non-current assets 128,389 128,200 Total assets 270,130 243,031
Page 4
(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Payables due to member dealers at auction 27,992 25,523 Notes and accounts payable - trade 1,292 1,450 Short-term borrowings 697 777 Current portion of long-term borrowings 1,320 1,265 Income taxes payable 10,912 5,570 Provisions 1,213 1,792 Other 8,741 9,354 Total current liabilities 52,169 45,734 Non-current liabilities Provisions 138 71 Retirement benefit liability 1,009 1,037 Asset retirement obligations 646 651 Other 5,198 5,264 Total non-current liabilities 6,993 7,024 Total liabilities 59,163 52,758 Net assets Shareholders' equity Share capital 18,881 18,881 Capital surplus 9,038 9,038 Retained earnings 193,843 191,017 Treasury shares (9,328) (27,001) Total shareholders' equity 212,434 191,935 Accumulated other comprehensive income Valuation difference on available-for-sale securities 99 87 Revaluation reserve for land (5,563) (5,563) Remeasurements of defined benefit plans 108 105 Total accumulated other comprehensive income (5,356) (5,371) Share acquisition rights 442 377 Non-controlling interests 3,446 3,331 Total net assets 210,966 190,273 Total liabilities and net assets 270,130 243,031
Page 5
Quarterly consolidated statement of income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 27,389 31,256 Cost of sales 10,015 12,090 Gross profit 17,374 19,166 Selling, general and administrative expenses 2,665 3,015 Operating profit 14,708 16,150 Non-operating income Interest income 18 42 Rental income from real estate 153 153 Miscellaneous income 43 28 Total non-operating income 215 224 Non-operating expenses Interest expenses 3 4 Rental costs on real estate 45 18 Miscellaneous losses 3 4 Total non-operating expenses 52 26 Ordinary profit 14,870 16,348 Extraordinary income Gain on sale of non-current assets 8 17 Subsidy income 102 7 Total extraordinary income 111 24 Extraordinary losses Loss on sale of non-current assets 0 - Loss on retirement of non-current assets 6 19 Total extraordinary losses 7 19 Profit before income taxes 14,975 16,353 Income taxes 4,645 5,230 Profit 10,329 11,123 Profit attributable to non-controlling interests 97 177 Profit attributable to owners of parent 10,232 10,946
Page 6
Quarterly consolidated statement of comprehensive income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 10,329 11,123 Other comprehensive income Valuation difference on available-for-sale securities 15 (12) Remeasurements of defined benefit plans, net of tax (1) (2) Total other comprehensive income 14 (14) Comprehensive income 10,344 11,108 Comprehensive income attributable to Comprehensive income attributable to owners of parent 10,247 10,931 Comprehensive income attributable to non-controlling interests 97 177
Page 7
Quarterly consolidated statement of cash flows (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Cash flows from operating activities Profit before income taxes 14,975 16,353 Depreciation and amortization 1,233 1,267 Amortization of goodwill 134 134 Increase (decrease) in allowance for doubtful accounts 54 76 Increase (decrease) in provision for bonuses 507 559 Increase (decrease) in retirement benefit liability 24 23 Interest and dividend income (18) (42) Interest expenses 3 4 Loss (gain) on sale and retirement of property, plant and equipment (1) 2 Net change in due from/to member dealers at auction (1,363) (2,843) Decrease (increase) in trade receivables 92 128 Decrease (increase) in operating loans receivable (547) (391) Increase (decrease) in trade payables (98) 157 Increase (decrease) in accounts payable - other 3 938 Increase (decrease) in deposits received (475) (425) Other, net (853) (1,331) Subtotal 13,672 14,612 Interest and dividends received 21 41 Interest paid (3) (4) Income taxes paid (9,724) (10,340) Net cash provided by (used in) operating activities 3,966 4,309 Cash flows from investing activities Net decrease (increase) in time deposits - 400 Purchase of property, plant and equipment (1,318) (299) Proceeds from sale of property, plant and equipment 16 40 Purchase of intangible assets (381) (956) Other, net (51) (28) Net cash provided by (used in) investing activities (1,734) (845) Cash flows from financing activities Net increase (decrease) in short-term borrowings 190 79 Repayments of long-term borrowings (55) (55) Proceeds from guarantee deposits received from member dealers 42 63 Refund of guarantee deposits received from member dealers (26) (30) Purchase of treasury shares (16,000) (17,999) Proceeds from sale of treasury shares 54 148 Dividends paid (10,798) (13,699) Dividends paid to non-controlling interests (248) (292) Repayments of finance lease liabilities (23) (23) Other, net - 0 Net cash provided by (used in) financing activities (26,863) (31,808) Net increase (decrease) in cash and cash equivalents (24,632) (28,344) Cash and cash equivalents at beginning of period 104,719 88,933 Cash and cash equivalents at end of period 80,087 60,589
Page 8
(Notes on segment information, etc.) Segment Information I. The three months of the previous fiscal year (April 1, 2025 to June 30, 2025) 1. Information on sales and the amount of profit or loss for each reported segment (Millions of yen) Reportable segments Other (Note) 1 Total Adjustment amount (Note) 2 Quarterly Consolidated Statements of Income (Note)3 Auto Auction Used Vehicle Sales/Purchases Recycling Total Net Sales Revenues from external customers 22,313 2,862 1,891 27,066 322 27,389 - 27,389 Internal sales or transfers between segments 144 - 2 146 - 146 (146) - Total 22,457 2,862 1,893 27,213 322 27,536 (146) 27,389 Segment Profit or Loss 14,614 (25) 53 14,642 31 14,674 34 14,708 Notes: 1. The "Other" category refers to business segments that are not included in the reporting segments, such as the auto loan business and the electricity sales business through solar power generation systems. 2. The adjustment amount of 34 million yen in segment profit or loss is due to the elimination of inter-segment transactions. 3. Segment profit or loss is adjusted to operating profit in the quarterly consolidated statements of income. II. The three months of the current fiscal year (April 1, 2026 to June 30, 2026) 1. Information on sales and the amount of profit or loss for each reported segment (Millions of yen) Reportable segments Other (Note) 1 Total Adjustment amount (Note) 2 Quarterly Consolidated Statements of Income (Note)3 Auto Auction Used Vehicle Sales/Purchases Recycling Total Net Sales Revenues from external customers 24,206 3,262 3,421 30,890 365 31,256 - 31,256 Internal sales or transfers between segments 57 - 1 58 - 58 (58) - Total 24,264 3,262 3,422 30,948 365 31,314 (58) 31,256 Segment Profit 15,728 65 284 16,077 37 16,115 35 16,150 Notes: 1. The "Other" category refers to business segments that are not included in the reporting segments, such as the auto loan business and the electricity sales business through solar power generation systems. 2. The adjustment amount of 35 million yen in segment profit is due to the elimination of inter-segment transactions. 3. Segment profit is adjusted to operating profit in the quarterly consolidated statements of income.