Interim report
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Note : 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 . Company name : I - ne CO . , LTD . Consolidated Financial Results for the Six Months Ended June 30 , 2026 ( Under Japanese GAAP ) FASF August 7 , 2026 Listing : Tokyo Stock Exchange Securities code : 4933 URL : https://i-ne.co.jp/ Representative : Yohei Onishi Inquiries : Yoshinori Hara Telephone : + 81-6-6443-0881 Representative Director , President and CEO Director , Executive Officer and CFO Scheduled date to file semi - annual securities report : August 7 , 2026 Scheduled date to commence dividend payments : September 10 , 2026 Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes ( for institutional investors and analysts ) ( 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 ) EBITDA ( Percentages indicate year - on - year changes . ) Profit attributable to owners of parent Millions of Net sales Operating profit Ordinary profit Millions of Millions of Millions of Millions of Six months ended yen % yen % yen % yen % % June 30 , 2026 26,808 20.1 June 30 , 2025 22,321 9.9 2,891 13.5 2,547 2,012 19.2 1,911 20.4 yen 1,047 13.5 15.2 1,688 ( 17.0 ) 1,587 ( 25.9 ) 923 ( 25.6 ) ( Note ) Comprehensive income For the six months ended June 30 , 2026 : For the six months ended June 30 , 2025 : Basic earnings per share ¥ 1,140 million [ 4.6 % ] ¥ 1,090 million [ ( 3.9 ) % ] Diluted earnings per share Six months ended June 30 , 2026 June 30 , 2025 Yen 58.92 52.81 Yen 58.52 51.70 ( Note ) EBITDA = Operating profit + Depreciation and amortization + Amortization of goodwill ( 2 ) Consolidated financial position As of June 30 , 2026 Total assets Net assets Equity - to - asset ratio Millions of yen 33,419 37,060 Millions of yen 17,989 20,109 % 53.1 49.8 ¥ ¥ 17,739 million 18,444 million December 31 , 2025 As of June 30 , 2026 : ( Reference ) Equity As of December 31 , 2025 : 2. Cash dividends Fiscal year ended December 31 , 2025 Fiscal year ending December 31 , 2026 Fiscal year ending December 31 , 2026 ( Forecast ) Annual dividends per share First quarter - end Second quarter - end Third quarter - end Fiscal year - end Total Yen Yen 0.00 Yen Yen Yen 15.00 15.00 7.00 ( Note ) Revisions to the forecast of cash dividends most recently announced : None 8.00 15.00
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3.ConsolidatedfinancialresultforecastsforthefiscalyearendingDecember31,2026(fromJanuary1,2026toDecember31,2026) (Percentagesindicateyear-on-yearchanges.) Netsales EBITDA Operatingprofit Millionsofyen % Millionsofyen % Millionsofyen % Fullyear 55,000 ~57,000 12.3 ~14.1 1,700 ~3,200 (69.8) ~(43.1) 0 ~1,500 (100.0) ~(61.3) (Note)1.Revisionstothefinancialresultforecastmostrecentlyannounced: Yes 2.For the revision to consolidated earnings forecasts, please refer to “Notice Concerning Revision of Consolidated FinancialForecastsfortheFiscalYearEndingDecember31,2026” whichwasannouncedtoday(August7,2026). *Notes (1)Significantchangesinthescopeofconsolidationduringtheperiod: Yes Newlyincluded: - companies( ) Excluded: 2 companies( I-neCosmeticsShanghaiCo.,Ltd.,EndeavourInc. ) (2)Adoptionofaccountingtreatmentspecifictothepreparationofsemi-annualconsolidatedfinancialstatements: None (3)Changesinaccountingpolicies,changesinaccountingestimates,andrestatement (i) Changesinaccountingpoliciesduetorevisionstoaccountingstandardsandotherregulations: None (ii) Changesinaccountingpoliciesduetootherreasons: None (iii) Changesinaccountingestimates: None (iv) Restatement: None (4)Numberofissuedshares(commonshares) (i) Totalnumberofissuedsharesattheendoftheperiod(includingtreasuryshares) AsofJune30,2026 17,791,270 shares AsofDecember31,2025 17,791,270 shares (ii) Numberoftreasurysharesattheendoftheperiod AsofJune30,2026 241 shares AsofDecember31,2025 9,421 shares (iii) Averagenumberofsharesoutstandingduringtheperiod(cumulativefromthebeginningofthefiscalyear) SixmonthsendedJune30,2026 17,786,020 shares SixmonthsendedJune30,2025 17,485,719 shares *Semi-annualfinancialresultsreportsareexemptfromreviewconductedbycertifiedpublicaccountantsoranauditfirm. *Properuseofearningsforecasts,andotherspecialmatters (ImportantNoteRegardingForward-LookingStatements,Etc.) Thefinancialresultsforecastandotherforward-lookingstatementsinthisdocumentarebasedontheinformationcurrentlyavailabletotheCompany andcertainassumptionsconsideredtoberationalbytheCompanyandtheydonotconstituteaguaranteethattheCompanywillachievetheforecast orotherforward-lookingstatements.Theactualresultsmaydiffersubstantiallyfromtheforecastforvariousreasons. (AvailabilityofSupplementaryBriefingMaterialonFinancialResults) The Company plans to post supplementary briefing material on financial results on TDnet and theCompany’s website on August 7, 2026. Furthermore,avideoexplainingregardingthefinancialresultswillbepostedontheCompany’swebsiteassoonasitisprepared.
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Semi-annualConsolidatedFinancialStatementsandPrimaryNotes Semi-annualConsolidatedBalanceSheet (Millionsofyen) AsofDecember31,2025 AsofJune30,2026 Assets Currentassets Cashanddeposits 8,531 6,896 Accountsreceivable-trade 7,401 6,326 Merchandise 4,790 4,346 Rawmaterialsandsupplies 576 689 Advancepaymentstosuppliers 344 632 Incometaxesrefundreceivable 194 - Other 445 552 Allowancefordoubtfulaccounts (42) (40) Totalcurrentassets 22,243 19,403 Non-currentassets Property,plantandequipment Buildingsandstructures 1,225 1,231 Accumulateddepreciation (380) (505) Buildingsandstructures,net 844 726 Tools,furnitureandfixtures 642 769 Accumulateddepreciation (490) (548) Tools,furnitureandfixtures,net 151 220 Leasedassets 3 3 Accumulateddepreciation (0) (0) Leasedassets,net 3 3 Other 50 - Totalproperty,plantandequipment 1,050 950 Intangibleassets Goodwill 5,754 5,428 Trademarkright 2,432 2,314 Contract-relatedassets 2,916 2,751 Customer-relatedintangibleassets 669 620 Other 230 253 Totalintangibleassets 12,004 11,368 Investmentsandotherassets Deferredtaxassets 1,305 1,194 Other 456 502 Totalinvestmentsandotherassets 1,761 1,697 Totalnon-currentassets 14,816 14,015 Totalassets 37,060 33,419
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(Millionsofyen) AsofDecember31,2025 AsofJune30,2026 Liabilities Currentliabilities Accountspayable-trade 2,355 2,076 Electronicallyrecordedobligations-operating 39 - Currentportionoflong-termborrowings 1,285 1,285 Accountspayable-other 3,777 3,270 Incometaxespayable 517 467 Refundliabilities 245 322 Provisionforbonuses 343 353 Other 743 770 Totalcurrentliabilities 9,308 8,546 Non-currentliabilities Long-termborrowings 5,357 4,714 Assetretirementobligations 575 576 Deferredtaxliabilities 1,706 1,589 Other 3 2 Totalnon-currentliabilities 7,642 6,883 Totalliabilities 16,950 15,430 Netassets Shareholders'equity Sharecapital 50 50 Capitalsurplus 5,683 4,179 Retainedearnings 12,726 13,503 Treasuryshares (15) (0) Totalshareholders'equity 18,444 17,732 Accumulatedothercomprehensiveincome Deferredgainsorlossesonhedges 26 - Foreigncurrencytranslationadjustment (27) 7 Totalaccumulatedothercomprehensiveincome (0) 7 Shareacquisitionrights 198 249 Non-controllinginterests 1,467 - Totalnetassets 20,109 17,989 Totalliabilitiesandnetassets 37,060 33,419
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Semi-annualConsolidatedStatementsofIncomeandComprehensiveIncome Semi-annualConsolidatedStatementofIncome (Millionsofyen) Forthesixmonths endedJune30,2025 Forthesixmonths endedJune30,2026 Netsales 22,321 26,808 Costofsales 9,452 10,365 Grossprofit 12,869 16,443 Selling,generalandadministrativeexpenses 11,180 14,430 Operatingprofit 1,688 2,012 Non-operatingincome Interestanddividendincome 3 8 Outsourcingserviceincome 0 0 Compensationincome 0 2 Surrendervalueofinsurancepolicies 8 0 Settlementincome 34 - Other 2 5 Totalnon-operatingincome 49 16 Non-operatingexpenses Interestexpenses 32 37 Commissionexpenses 0 0 Rentalexpenses - 47 Foreignexchangelosses 115 13 Other 2 19 Totalnon-operatingexpenses 150 117 Ordinaryprofit 1,587 1,911 Extraordinaryincome Gainonsaleofnon-currentassets 0 - Directorscompensationsrefund - 4 Totalextraordinaryincome 0 4 Extraordinarylosses Lossonretirementofnon-currentassets 0 - Specialinvestigationcosts,etc. - 219 Listingbreachofcontract - 33 Surcharge - 6 Lossonliquidationofsubsidiaries - 24 Totalextraordinarylosses 0 283 Profitbeforeincometaxes 1,587 1,633 Incometaxes-current 671 430 Incometaxes-deferred (69) 29 Totalincometaxes 602 460 Profit 984 1,173 Profitattributabletonon-controllinginterests 61 125 Profitattributabletoownersofparent 923 1,047
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Semi-annualConsolidatedStatementofComprehensiveIncome (Millionsofyen) Forthesixmonths endedJune30,2025 Forthesixmonths endedJune30,2026 Profit 984 1,173 Othercomprehensiveincome Deferredgainsorlossesonhedges 47 (66) Foreigncurrencytranslationadjustment 57 34 Totalothercomprehensiveincome 105 (32) Comprehensiveincome 1,090 1,140 Comprehensiveincomeattributableto Comprehensiveincomeattributabletoownersof parent 1,000 1,055 Comprehensiveincomeattributabletonon-controlling interests 89 85
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Semi-annualConsolidatedStatementofCashFlows (Millionsofyen) Forthesixmonths endedJune30,2025 Forthesixmonths endedJune30,2026 Cashflowsfromoperatingactivities Profitbeforeincometaxes 1,587 1,633 Depreciation 532 553 Amortizationofgoodwill 325 325 Share-basedpaymentexpenses 46 69 Specialinvestigationcosts,etc. - 219 Listingbreachofcontract - 33 Rentalexpenses - 47 Loss(gain)onsaleofnon-currentassets (0) - Lossonretirementofnon-currentassets 0 - Increase(decrease)inallowancefordoubtfulaccounts (3) (1) Increase(decrease)inprovisionforbonuses (25) 10 Increase(decrease)incontractliabilities - 17 Increase(decrease)inprovisionforlossonbusiness liquidation (113) - Increase(decrease)inrefundliabilities 375 76 Interestanddividendincome (3) (8) Interestexpenses 32 37 Foreignexchangelosses(gains) 83 13 Decrease(increase)intradereceivables 2,356 1,075 Decrease(increase)ininventories (938) 331 Increase(decrease)intradepayables (345) (318) Decrease(increase)inprepaidexpenses (79) (176) Increase/decreaseinconsumptiontaxes payable/consumptiontaxesrefundreceivable (169) 146 Increase(decrease)inaccountspayable-other (564) (440) Increase(decrease)inaccruedexpenses - (19) Increase(decrease)indepositsreceived - 12 Decrease(increase)inadvancepaymentstosuppliers 248 (287) Other,net (91) (281) Subtotal 3,253 3,065 Interestanddividendsreceived 3 8 Interestpaid (34) (38) Incometaxespaid (663) (287) Specialinvestigationcosts,etc.paid - (162) Netcashprovidedby(usedin)operatingactivities 2,560 2,586 Cashflowsfrominvestingactivities Paymentsintotimedeposits (12) - Proceedsfromwithdrawaloftimedeposits 1,000 - Purchaseofinvestmentsecurities - (144) Paymentsforinvestmentsincapital (10) - Purchaseofproperty,plantandequipment (117) (82) Purchaseofintangibleassets (28) (48) Paymentsofleaseholddeposits (14) (6) Proceedsfromsaleofproperty,plantandequipment 0 - Other,net 0 (0) Netcashprovidedby(usedin)investingactivities 817 (281)
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(Millionsofyen) Forthesixmonths endedJune30,2025 Forthesixmonths endedJune30,2026 Cashflowsfromfinancingactivities Netincrease(decrease)inshort-termborrowings (10,000) - Proceedsfromlong-termborrowings 9,000 - Repaymentsoflong-termborrowings (1,734) (642) Purchaseofsharesofsubsidiariesnotresultingin changeinscopeofconsolidation - (2,910) Dividendspaid (226) (266) Dividendspaidtonon-controllinginterests - (150) Other,net 0 0 Netcashprovidedby(usedin)financingactivities (2,960) (3,969) Effectofexchangeratechangeoncashandcash equivalents (30) 29 Netincrease(decrease)incashandcashequivalents 386 (1,635) Cashandcashequivalentsatbeginningofperiod 7,270 8,531 Cashandcashequivalentsatendofperiod 7,656 6,896