Interim report
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Consolidated Financial Results for the First Half of the Fiscal Year Ending March 31, 2027 (Japan GAAP) November 2, 2026 Company name: Nippon Light Metal Holdings Company, Ltd. Stock exchange listing: Tokyo Stock Exchange Code number: 5703 URL: https://www.nikkeikinholdings.com/ Representative: Shuichi ASAKUNO President & Chief Executive Officer Contact: Chizu ISHIKAWA Public Relations and IR Director, Corporate Management Office Phone: +81-03-6810-7160 Submission of semi-annual financial results: November 6, 2026 Expected date of dividends payment: December 1, 2026 Preparation of supplementary materials for semi- annual financial results: Yes Holding of a briefing on semi-annual financial results: Yes (for institutional investors and analysts) (Amounts less than one million yen are rounded off) 1. Consolidated Financial Results for Six Months Ended September 30, 2026 (1) Consolidated Results of Operations (Accumulated Total) (% figures show year-on-year change) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % September 30, 2026 337,805 21.2 21,375 83.5 20,159 107.0 11,531 110.8 September 30, 2025 278,673 6.7 11,649 36.5 9,741 33.8 5,471 13.8 (Note) Comprehensive income: Six months ended September 30, 2026 ¥14,627 million / 98.5% Six months ended September 30, 2025 ¥7,369 million / 31.7% Net profit per share (basic) Net profit per share (diluted) Six months ended Yen Yen September 30, 2026 187.13 － September 30, 2025 88.91 － (2) Consolidated Financial Position Total assets Net assets Equity ratio Millions of yen Millions of yen % As of September 30, 2026 583,400 278,262 44.2 As of March 31, 2026 556,315 267,934 44.7 (Reference) Shareholders’ equity: As of September 30, 2026 ¥258,088 million As of March 31, 2026 ¥248,686 million
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2. Dividends Annual dividends per share End of first quarter End of second quarter End of third quarter Year-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 ― 25.00 ― 55.00 80.00 Fiscal year ending March 31, 2027 ― 50.00 Fiscal year ending March 31, 2027 (forecasts) ― 60.00 110.00 (Note) Revisions to dividend forecasts published most recently: None 3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2027 (April 1, 2026－March 31, 2027) (% figures show year-on-year change) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Net profit per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Fiscal year ending March 31, 2027 700,000 19.6 37,000 44.4 35,000 48.0 20,000 28.3 324.57 (Note) Revisions to Forecast of Financial Results published most recently: Yes
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*Notes (1) Significant changes in the scope of consolidation during the period: None Newly added: ― (Company name: ― ) Excluded: ― (Company name: ― ) (2) Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatements (i) Changes in accounting policies due to revision of accounting standards: None (ii) Changes in accounting policies other than item (i) above: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of shares outstanding (common stock) (i) Number of shares outstanding at end of period (including treasury stock) As of September 30, 2026 61,993,750 shares As of March 31, 2026 61,993,750 shares (ii) Number of treasury stock at end of period As of September 30, 2026 318,624 shares As of March 31, 2026 402,600 shares (iii) Average number of shares outstanding during the term For the six months ended September 30, 2026 61,620,493 shares For the six months ended September 30, 2025 61,535,611 shares The Company has introduced a stock compensation plan for directors, etc., and shares of the Company held by a stock delivery trust established for this plan are included in the number of treasury stock at the end of the period and in the number of average shares during the period. * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Explanations concerning the appropriate use of financial forecasts and other special notes (Note of caution concerning forward-looking statements) The forward-looking statements such as results forecasts included in this document are based on the information available to the Company at the time of the announcement and on certain assumptions considered reasonable, and the Company makes no representations as to their achievability. Actual results may differ materially from the forecast depending on a range of factors. * 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.
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[Attached documents] Index Page Table of Contents 1.Overview of operating results ....................................................................... .............................................1 2. Semi-annual Consolidated Financial Statements and Important Notes ................................................... 2 (1) Semi-annual Consolidated Balance Sheets ............................................................................................ 2 (2) Semi-annual Consolidated Statements of Income and Semi-annual Consolidated Statements of Comprehensive Income ………………………………………………………………………………. 4 Semi-annual Consolidated Statements of Income ..................................................................................4 Semi-annual Consolidated Statements of Comprehensive Income ................ ....................................... 5 (3) Semi-annual Consolidated Statements of Cash Flows ............................................................................6 (4) Notes regarding the semi-annual consolidated financial statements .......................................................7 (Notes on premise of going concern) ....................................................................................................7 (Notes on significant fluctuations in value of shareholders’ equity, if any) ………………………….7 (Notes on segment information, etc.) ....................................................................................................8 (Significant Subsequent Events)………………………………………………………………………9
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1. Overview of Operating Results For an overview of operating results and other matters, please refer to the “FY2026 Second -Quarter Financial Results and Full-Year Earnings Forecast,” which was released via TDnet today (November 2, 2026). 1
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2. Semi-annual Consolidated Financial Statements and Important Notes (1) Semi-annual Consolidated Balance Sheets (Millions of yen) As of March 31, 2026 As of September 30, 2026 Assets Current assets Cash and deposits 33,140 46,791 Notes and accounts receivable - trade, and contract assets 153,759 146,618 Merchandise and finished goods 49,798 56,143 Work in process 24,678 30,966 Raw materials and supplies 35,741 41,538 Other 15,952 16,833 Allowance for doubtful accounts (282) (298) Total current assets 312,786 338,591 Non-current assets Property, plant and equipment Buildings and structures, net 61,222 62,359 Machinery, equipment and vehicles, net 46,587 47,790 Tools, furniture and fixtures, net 5,849 6,227 Land 56,117 55,903 Construction in progress 10,035 8,133 Total property, plant and equipment 179,810 180,412 Intangible assets Goodwill 869 719 Other 9,529 9,644 Total intangible assets 10,398 10,363 Investments and other assets Other 53,999 54,545 Allowance for doubtful accounts (678) (511) Total investments and other assets 53,321 54,034 Total non-current assets 243,529 244,809 Total assets 556,315 583,400 2
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(Millions of yen) As of March 31, 2026 As of September 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 59,871 62,102 Short-term borrowings 54,769 63,922 Current portion of bonds payable － 944 Income taxes payable 5,265 5,537 Other 36,157 34,711 Total current liabilities 156,062 167,216 Non-current liabilities Bonds payable 959 － Long-term borrowings 110,318 116,677 Retirement benefit liability 13,918 14,696 Other 7,124 6,549 Total non-current liabilities 132,319 137,922 Total liabilities 288,381 305,138 Net assets Shareholders' equity Share capital 46,525 46,525 Capital surplus 19,595 19,680 Retained earnings 159,200 167,325 Treasury shares (639) (504) Total shareholders' equity 224,681 233,026 Accumulated other comprehensive income Valuation difference on available-for-sale securities 7,041 8,990 Deferred gains or losses on hedges 220 20 Revaluation reserve for land 145 145 Foreign currency translation adjustment 11,536 11,357 Remeasurements of defined benefit plans 5,063 4,550 Total accumulated other comprehensive income 24,005 25,062 Non-controlling interests 19,248 20,174 Total net assets 267,934 278,262 Total liabilities and net assets 556,315 583,400 3
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(2) Semi-annual Consolidated Statements of Income and Semi-annual Consolidated Statements of Comprehensive Income Semi-annual Consolidated Statements of Income (April 1, 2026 – September 30, 2026) (Millions of yen) Six months ended September 30, 2025 Six months ended September 30, 2026 Net sales 278,673 337,805 Cost of sales 230,168 276,903 Gross profit 48,505 60,902 Selling, general and administrative expenses 36,856 39,527 Operating profit 11,649 21,375 Non-operating income Other 1,237 1,961 Total non-operating income 1,237 1,961 Non-operating expenses Interest expenses 1,026 1,369 Other 2,119 1,808 Total non-operating expenses 3,145 3,177 Ordinary profit 9,741 20,159 Extraordinary income Gain on sale of investment securities 260 194 Total extraordinary income 260 194 Profit before income taxes 10,001 20,353 Income taxes - current 3,436 5,395 Income taxes - deferred (141) 1,291 Total income taxes 3,295 6,686 Profit 6,706 13,667 Profit attributable to non-controlling interests 1,235 2,136 Profit attributable to owners of parent 5,471 11,531 4
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Semi-annual Consolidated Statements of Comprehensive Income (April 1, 2026 – September 30, 2026) (Millions of yen) Six months ended September 30, 2025 Six months ended September 30, 2026 Profit 6,706 13,667 Other comprehensive income Valuation difference on available-for-sale securities 1,430 1,962 Deferred gains or losses on hedges 71 (256) Foreign currency translation adjustment (59) (213) Remeasurements of defined benefit plans, net of tax (429) (521) Share of other comprehensive income of entities accounted for using equity method (350) (12) Total other comprehensive income 663 960 Comprehensive income 7,369 14,627 Comprehensive income attributable to Comprehensive income attributable to owners of parent 6,212 12,588 Comprehensive income attributable to non- controlling interests 1,157 2,039 5
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(3) Semi-annual Consolidated Statements of Cash Flows (Millions of yen) Six months ended September 30, 2025 Six months ended September 30, 2026 Cash flows from operating activities Profit before income taxes 10,001 20,353 Depreciation 10,284 10,650 Amortization of goodwill 123 123 Loss (gain) on sale of investment securities (260) (194) Increase (decrease) in allowance for doubtful accounts (34) (150) Increase (decrease) in retirement benefit liability (554) (136) Interest and dividend income (376) (361) Interest expenses 1,026 1,369 Decrease (increase) in trade receivables 13,863 7,850 Decrease (increase) in inventories (4,055) (18,822) Increase (decrease) in trade payables 1,450 2,595 Other, net (4,601) (1,910) Subtotal 26,867 21,367 Interest and dividends received 532 705 Interest paid (1,000) (1,372) Income taxes paid (3,315) (5,294) Net cash provided by (used in) operating activities 23,084 15,406 Cash flows from investing activities Purchase of property, plant and equipment (9,232) (13,162) Proceeds from sale of investment securities 389 241 Purchase of shares of subsidiaries and associates (2,405) － Other, net (590) (568) Net cash provided by (used in) investing activities (11,838) (13,489) Cash flows from financing activities Net increase (decrease) in short-term borrowings (8,782) 9,116 Proceeds from long-term borrowings 34,060 8,800 Repayments of long-term borrowings (12,230) (1,979) Dividends paid (3,093) (3,410) Dividends paid to non-controlling interests (546) (965) Other, net 17 (463) Net cash provided by (used in) financing activities 9,426 11,099 Effect of exchange rate change on cash and cash equivalents (402) 635 Net increase (decrease) in cash and cash equivalents 20,270 13,651 Cash and cash equivalents at beginning of period 34,690 33,119 Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation 156 － Cash and cash equivalents at end of period 55,116 46,770 6
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(4) Notes regarding the semi-annual consolidated financial statements (Notes on premise of going concern) Not applicable (Notes on significant fluctuations in value of shareholders’ equity, if any) Not applicable 7
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(Notes on segment information, etc.) < Segment information> I. First Half of the Consolidated Fiscal Year Ended March 31, 2026 (April 1, 2025, to September 30, 2025) 1. Information on net sales and profit (loss) by reporting segment (Millions of yen) Reporting segments Adjust- ments*1 Semi-annual consolidated profit/loss posted*2 Aluminum ingot and chemicals Aluminum sheet and extrusions Fabricated products and others Aluminum foil, powder and paste Total Net sales Net sales to external customers 90,709 50,987 81,408 55,569 278,673 － 278,673 Intersegment sales or transfers 40,694 26,185 11,388 161 78,428 (78,428) － Total 131,403 77,172 92,796 55,730 357,101 (78,428) 278,673 Segment profit (loss) 6,695 1,417 1,356 3,740 13,208 (1,559) 11,649 Notes: *1 The 1,559-million-yen negative adjustment to segment profit (loss) represents corporate expenses and mainly comprises expenses related to General Affairs, HR, Accounting, and other head office administration departments of the Company and Nippon Light Metal Company, Ltd. *2 Segment profit (loss) is adjusted with operating profit on the quarterly consolidated statements of income. 2. Information related to impairment loss of non-current assets and goodwill by reporting segment: Not applicable II. First Half of the Consolidated Fiscal Year Ending March 31, 2027 (April 1, 2026, to September 30, 2026) 1. Information on net sales and profit (loss) by reporting segment (Millions of yen) Reporting segments Adjust- ments*1 Semi-annual consolidated profit/loss posted*2 Aluminum ingot and chemicals Aluminum sheet and extrusions Fabricated products and others Aluminum foil, powder and paste Total Net sales Net sales to external customers 128,447 61,965 84,065 63,328 337,805 － 337,805 Intersegment sales or transfers 53,109 32,580 6,954 161 92,804 (92,804) － Total 181,556 94,545 91,019 63,489 430,609 (92,804) 337,805 Segment profit (loss) 13,956 4,121 (422) 5,351 23,006 (1,631) 21,375 Notes: *1 The 1,631-million-yen negative adjustment to segment profit (loss) represents corporate expenses and mainly comprises expenses related to General Affairs, HR, Accounting, and other head office administration departments of the Company and Nippon Light Metal Company, Ltd. *2 Segment profit (loss) is adjusted with operating profit on the quarterly consolidated statements of income. 2. Changes in reportable segment: Effective from the beginning of the current fiscal year, as part of an organizational restructuring, we have reclassified certain businesses of the Electronic materials division which were previously included in the “Aluminum sheet and extrusions” segment to the “Aluminum ingot and chemicals” segment. Segment information for the first half of the previous consolidated fiscal year has been restated to reflect the reclassification. 3. Information related to impairment loss of non-current assets and goodwill by reportable segment: Not applicable 8
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(Significant subsequent events) (Sale of shares in significant subsidiaries and other entities) At a Board of Directors meeting held on September 30, 2026, Nippon Light Metal Holdings Company, Ltd. (the “Company”) resolved to sell a portion of the shares in Sama Aluminium Co., Ltd., an equity-method associate of the Company. As a result of the sale, Sama Aluminium Co., Ltd., will cease to be an equity-method associate of the Company. 1. Purpose of the sale To achieve sustainable growth and enhance corporate value, the Company reviewed the rationale for holding the shares, taking into account the optimal allocation and deployment of capital for the Group as a whole, among other considerations. Based on this review, the Company decided to transfer the shares. 2. Name of purchaser (1) Name: Ulternative Investment Advisory Asset Management Inc. (2) Location: Seoul, Republic of Korea The purchaser has no notable capital, personnel , or business relationships with the Company or any of its affiliates. It is also not a related party of the Company. 3. Timing of the sale November 4, 2026 (scheduled) 4. Name and business activities of the equity-method associate and its transactions with the Company (1) Name: Sama Aluminium Co., Ltd. (2) Location: Pyeongtaek, Republic of Korea (3) Business activities: Rolling of aluminum foil and sheet s; manufacture and sale of processed foil and sheet products; and manufacture and sale of aluminum paste (4) Transactions: Toyo Aluminium K.K., a consolidated subsidiary of the Company, engages in technical cooperation and sells aluminum sheets. 5. Number of shares to be sold, sale price, and number of shares held and ownership percentage after the sale (1) Number of shares to be sold: 750,000 shares (2) Sale price: Approximately 4.5 billion yen (3) Number of shares held after the sale (ownership percentage): 2,924,000 shares (19.33%) 6. Impact on consolidated profit or loss The Company expects to record a gain of approximately 3.4 billion yen on the sale of shares of subsidiaries and associates as extraordinary income in the third quarter of the fiscal year ending March 31, 2027. 9
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(Acquisition of treasury share) Nippon Light Metal Holdings Company, Ltd. (the “Company”) resolved, at a meeting of its Board of Directors held on November 2, 2026, matters concerning the acquisition of treasury shares pursuant to the provisions of Article 156, Paragraph 1 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, Paragraph 3 of the same Act. 1. Reason for Acquiring Treasury Shares To enable the sustainable growth of the Group, the Company has adopted “2035 Vision,” a long‑term vision spanning 10 years, and aims to achieve a return on invested capital (ROIC) of 10% or above in order to continue evolving as a corporate group with a meaningful presence that simultaneously addresses social challenges and achieves business growth. Under the Medium‑term Management Plan (FY2026 through FY2028), we aim to establish a stable earnings base exceeding 30 billion yen in ordinary profit at the ear liest opportunity, targeting ROIC of 8% or above. In addition, we use a total payout ratio of approximately 40%, including the acquisition of treasury shares, as our indicator for returning profits to shareholders. On this basis, we have decided to acquire treasury shares with the aim of promoting a flexible and agile capital policy as part of efforts to improve capital efficiency and strengthen shareholder returns. 2. Details of the Acquisition (1) Type of shares to be acquired: Common stock of the Company (2) Total number of shares to be acquired: 600,000 shares (maximum) (1.0% of the total number of issued shares, excluding treasury shares) (3) Total amount of share acquisition costs: 1,500 million yen (maximum) (4) Acquisition period: (5) Acquisition method: From November 4, 2026 to March 31, 2027 Market purchases on the Tokyo Stock Exchange 10