Interim report
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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 . Consolidated Financial Results for the Six Months Ended June 30 , 2026 ( Under Japanese GAAP ) Tokyo Stock Exchange Company name : Chofu Seisakusho Co. , Ltd. Listing : Securities code : 5946 URL : Representative : Inquiries : Telephone : https://www.chofu.co.jp/ Gaku Yamashita , President Hiroyuki Inoue , Manager of Accounting Section of Corporate Administration Department + 81-83-248-2777 Scheduled date to file semi - annual securities report : August 7 , 2026 Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Holding of financial results briefing : August 20 , 2026 Yes None ( Video distribution schedule ) August 7 , 2026 ( 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 Net sales Operating profit Ordinary profit parent Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30 , 2026 21,129 ( 0.0 ) 561 637.5 1,248 ( 16.6 ) 991 645.3 June 30 , 2025 21,140 4.5 76 ( 59.7 ) 1,496 11.4 133 ( 86.3 ) Note : Comprehensive income For the six months ended June 30 , 2026 : For the six months ended June 30 , 2025 : Basic earnings per share ¥ 2,833 million ¥ ( 394 ) million [ - % ] [ ( 113.5 ) % ] Diluted earnings per share Six months ended June 30 , 2026 June 30 , 2025 Yen Yen 29.16 3.91 ( 2 ) Consolidated financial position As of June 30 , 2026 December 31 , 2025 Reference : Equity As of June 30 , 2026 : Total assets Net assets Equity - to - asset ratio Millions of yen Millions of yen % 91.9 139,784 152,134 148,076 137,732 93.0 As of December 31 , 2025 : ¥ 139,784 million ¥ 137,732 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 23.00 23.00 46.00 Fiscal year ended December 31 , 2025 Fiscal year ending December 31 , 2026 Fiscal year ending December 31 , 2026 ( Forecast ) Note : Revisions to the forecast of cash dividends most recently announced : None 23.00 23.00 3. Forecast of consolidated financial results for the fiscal year ending December 31 , 2026 ( from January 1 , 2026 to December 31 , 2026 ) Fiscal year ending December 31 , 2026 46.00 Net sales Operating profit Ordinary profit ( Percentages indicate year - on - year changes . ) Profit attributable to Basic earnings per share owners of parent Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen 48,000 3.2 2,400 40.2 Note : Revisions to the earnings forecasts most recently announced : Yes 4,600 0.3 3,200 47.1 94.11
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* Notes (1) Significant changes in the scope of consolidati on during the period: None (2) Adoption of accounting treatment specific to th e preparation of semi-annual consolidated financial statements: None (3) Changes in accounting policies, changes in acco unting 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 re asons: 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 34,239,312 shares As of December 31, 2025 34,239,312 shares (ii) Number of treasury shares at the end of the pe riod As of June 30, 2026 237,854 shares As of December 31, 2025 237,029 shares (iii) Average number of shares outstanding during t he period (cumulative from the beginning of the fiscal year) Six months ended June 30, 2026 34,001,741 shares Six months ended June 30, 2025 34,003,472 shares * 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 speci al matters 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. For the conditions on which earnings forecasts are predicated and precautions for the use of earnings forecasts, please refer to Appendix P.3 "1. Qualitative Information on the Interim Financial Results (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."
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Semi-annual consolidated balance sheet (Millions of yen) As of December 31, 2025 As of June 30, 2026 Assets Current assets Cash and deposits 3,733 5,596 Notes and accounts receivable - trade, and contract assets 9,439 5,474 Securities 8,654 9,383 Merchandise and finished goods 4,973 6,257 Work in process 789 543 Raw materials and supplies 2,912 3,375 Other 500 633 Allowance for doubtful accounts (4) (4) Total current assets 30,998 31,260 Non-current assets Property, plant and equipment Buildings and structures, net 5,518 5,442 Machinery, equipment and vehicles, net 2,799 2,715 Land 14,593 14,593 Construction in progress 19 18 Other, net 191 201 Total property, plant and equipment 23,122 22,972 Intangible assets 1,268 1,279 Investments and other assets Investment securities 87,613 91,576 Long -term loans receivable 139 206 Retirement benefit asset 64 - Other 4,869 4,839 Allowance for doubtful accounts (0) (0) Total investments and other assets 92,686 96,622 Total non -current assets 117,077 120,874 Total assets 148,076 152,134
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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 3,137 2,641 Short -term borrowings - 30 Income taxes payable 662 593 Provision for bonuses 326 1,274 Provision for product compensation loss 1,367 1,294 Provision for product warranties 268 274 Accounts payable - other 1,000 2,370 Accrued expenses 90 197 Deposits received 994 805 Other 1,046 660 Total current liabilities 8,893 10,144 Non-current liabilities Deferred tax liabilities 1,076 1,558 Retirement benefit liability - 167 Other 373 480 Total non -current liabilities 1,450 2,206 Total liabilities 10,343 12,350 Net assets Shareholders' equity Share capital 7,000 7,000 Capital surplus 3,554 3,554 Retained earnings 121,528 121,738 Treasury shares (520) (520) Total shareholders' equity 131,563 131,772 Accumulated other comprehensive income Valuation difference on available -for -sale securities 5,731 7,627 Remeasurements of defined benefit plans 437 383 Total accumulated other comprehensive income 6,169 8,011 Total net assets 137,732 139,784 Total liabilities and net assets 148,076 152,134
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Semi-annual consolidated statement of income (Millions of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Net sales 21,140 21,129 Cost of sales 16,765 16,292 Gross profit 4,374 4,837 Selling, general and administrative expenses 4,298 4,276 Operating profit 76 561 Non-operating income Interest income 542 671 Dividend income 239 270 Rental income from real estate 325 344 Foreign exchange gains 186 37 Electricity sale income 258 251 Other 87 131 Total non -operating income 1,639 1,707 Non-operating expenses Interest expenses 3 4 Rental expenses on real estate 136 135 Electricity sale expenses 75 73 Loss on investments in silent partnerships - 805 Other 2 1 Total non -operating expenses 219 1,020 Ordinary profit 1,496 1,248 Extraordinary income Gain on sale of non -current assets 0 - Total extraordinary income 0 - Extraordinary losses Loss on disposal of non -current assets 1 - Loss on sale of investment securities 0 10 Provision for product compensation loss 1,500 - Total extraordinary losses 1,501 10 Profit (loss) before income taxes (4) 1,237 Income taxes - current 822 578 Income taxes - deferred (960) (332) Total income taxes (137) 245 Profit 133 991 Profit attributable to owners of parent 133 991
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Semi-annual consolidated statement of comprehensive income (Millions of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Profit 133 991 Other comprehensive income Valuation difference on available -for -sale securities (491) 1,896 Remeasurements of defined benefit plans, net of tax (36) (54) Total other comprehensive income (527) 1,842 Comprehensive income (394) 2,833 Comprehensive income attributable to Comprehensive income attributable to owners of parent (394) 2,833
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Semi-annual consolidated statement of cash flows (Millions of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Cash flows from operating activities Profit (loss) before income taxes (4) 1,237 Depreciation 841 767 Increase (decrease) in provision for bonuses 956 948 Increase (decrease) in provision for compensation for product 1,499 (72) Increase (decrease) in retirement benefit liability 252 270 Increase (decrease) in other provisions (71) (61) Interest and dividend income (781) (941) Interest expenses 3 4 Loss (gain) on sale of short -term and long -term investment securities 0 10 Foreign exchange losses (gains) (186) (37) Loss (gain) on disposal of non -current assets 0 - Decrease (increase) in trade receivables 4,401 3,965 Decrease (increase) in inventories (1,432) (1,500) Increase (decrease) in trade payables (558) (496) Increase (decrease) in deposits received (206) (188) Other, net (119) 602 Subtotal 4,596 4,508 Interest and dividends received 771 923 Interest paid (3) (4) Income taxes paid (491) (570) Net cash provided by (used in) operating activities 4,872 4,857 Cash flows from investing activities Payments into time deposits - (200) Proceeds from withdrawal of time deposits 82 - Proceeds from sale and redemption of securities 6,662 3,900 Purchase of property, plant and equipment and intangible assets (769) (1,136) Proceeds from sale of property, plant and equipment 2 - Purchase of investment securities (8,832) (6,723) Proceeds from sale and redemption of investment securities 200 1,789 Loan advances (11) (90) Proceeds from collection of loans receivable 14 22 Net cash provided by (used in) investing activities (2,652) (2,436) Cash flows from financing activities Net increase (decrease) in short -term borrowings - 30 Proceeds from long -term borrowings - 107 Purchase of treasury shares (0) (0) Dividends paid (780) (782) Net cash provided by (used in) financing activities (780) (644) Effect of exchange rate change on cash and cash equivalents (22) 18 Net increase (decrease) in cash and cash equivalents 1,417 1,794 Cash and cash equivalents at beginning of period 3,622 3,379 Cash and cash equivalents at end of period 5,039 5,173
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(Notes on segment information, etc.) Segment Information Previous interim consolidated accounting period (January 1, 2025 to June 30, 2025) and current interim consolidated accounting period (January 1, 2026 to June 30, 2026) Since the Group is a single segment of the manufacture and sale of housing-related equipment, it is omitted.