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 Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) Company name : Listing : PIOLAX , Inc. Tokyo Stock Exchange Securities code : 5988 URL : https://www.piolax.co.jp Representative : Inquiries : Telephone : + 81-45-577-3880 Satoshi Yamada , President Toshihiro Fukuda , General Manager , Accounting Department , Management & Services Division Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Holding of financial results briefing : August 5 , 2026 None None ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1 . Consolidated financial results for 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 Profit attributable to owners of Operating profit Ordinary profit parent Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30 , 2026 15,761 4.4 266 ( 30.5 ) 394 28.5 125 ( 2.0 ) June 30 , 2025 15,092 ( 4.1 ) 383 ( 40.9 ) 306 ( 65.8 ) 128 ( 82.2 ) Note : Comprehensive income For the three months ended June 30 , 2026 : For the three months ended June 30 , 2025 : ¥ 863 million ¥ ( 2,008 ) million [ - % ] [ - % ] Basic earnings per share Diluted earnings per share Three months ended Yen Yen June 30 , 2026 5.21 June 30 , 2025 4.65 ( 2 ) Consolidated financial position As of June 30 , 2026 March 31 , 2026 Reference : Equity As of June 30 , 2026 : As of March 31 , 2026 : 2 . Cash dividends Total assets Millions of yen 100,182 101,415 ¥ 64,077 million ¥ 64,854 million First quarter - end Second quarter - end Yen Yen 39.00 Net assets Equity - to - asset ratio Millions of yen % 65,372 66,144 64.0 63.9 Annual dividends per share Third quarter - end Fiscal year - end Total Yen Yen Yen 53.00 92.00 Fiscal year ended March 31 , 2026 Fiscal year ending March 31 , 2027 Fiscal year ending March 31 , 2027 ( Forecast ) Note : Revisions to the forecast of cash dividends most recently announced : None 39.00 53.00 3. Forecast of consolidated financial results for the fiscal year ending March 31 , 2027 ( from April 1 , 2026 to March 31 , 2027 ) 92.00 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 Fiscal year ending 63,000 1.5 1,500 2.0 1,500 3.2 700 27.45 March 31 , 2027 Note : Revisions to the earnings forecasts most recently announced : None
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* Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes Note: This is whether or not accounting procedures specific to the preparation of quarterly consolidated financial statements are applied. (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 37,054,100 shares As of March 31, 2026 37,054,100 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 13,003,582 shares As of March 31, 2026 12,787,708 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 24,155,623 shares Three months ended June 30, 2025 27,582,886 shares Note: 1. The Company has introduced a stock-based remuneration plan for directors, and the Company's shares remaining in the trust are included in the treasury stock to be deducted in the calculation of the average number of shares during the period. (The first quarter of the previous fiscal year: 87,376 Shares, the first quarter of the current fiscal year: 87,376 Shares.) 2. The Company has introduced a stock-based remuneration plan for employees, and the Company's shares remaining in the trust are included in the treasury stock to be deducted in the calculation of the average number of shares during the period. (The first quarter of the previous fiscal year: 63,919 Shares, the first quarter of the current fiscal year: 62,400 Shares.) * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:None * Proper use of earnings forecasts, 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 available to the Company and on certain assumptions deemed to be reasonable. Actual financial results may differ from the results anticipated in the statements due to various factors.
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1 Quarterly consolidated balance sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 26,192 26,160 Notes and accounts receivable - trade 12,925 12,464 Electronically recorded monetary claims - operating 1,815 1,873 Securities 152 153 Merchandise and finished goods 6,681 6,639 Work in process 2,661 2,690 Raw materials and supplies 3,286 3,377 Income taxes refund receivable 244 260 Other 4,282 3,581 Allowance for doubtful accounts (103) (99) Total current assets 58,140 57,101 Non-current assets Property, plant and equipment Buildings and structures, net 15,995 15,815 Machinery, equipment and vehicles, net 7,761 7,648 Tools, furniture and fixtures, net 2,241 2,238 Land 5,942 5,931 Leased assets, net 542 525 Construction in progress 3,351 3,312 Total property, plant and equipment 35,836 35,471 Intangible assets Other 1,458 1,428 Total intangible assets 1,458 1,428 Investments and other assets Investment securities 4,670 4,793 Other 1,314 1,392 Allowance for doubtful accounts (4) (4) Total investments and other assets 5,980 6,181 Total non-current assets 43,275 43,081 Total assets 101,415 100,182
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2 (Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Accounts payable - trade 3,152 3,090 Short-term borrowings 24,171 24,000 Income taxes payable 279 200 Provisions 852 441 Other 5,086 5,250 Total current liabilities 33,541 32,982 Non-current liabilities Provision for share awards for directors (and other officers) 150 151 Provision for share awards 46 49 Retirement benefit liability 485 504 Asset retirement obligations 37 37 Other 1,008 1,083 Total non-current liabilities 1,729 1,827 Total liabilities 35,271 34,810 Net assets Shareholders' equity Share capital 2,960 2,960 Capital surplus 2,572 2,572 Retained earnings 74,625 73,456 Treasury shares (29,381) (29,722) Total shareholders' equity 50,777 49,268 Accumulated other comprehensive income Valuation difference on available-for-sale securities 906 990 Deferred gains or losses on hedges (1) (2) Foreign currency translation adjustment 13,213 13,861 Remeasurements of defined benefit plans (41) (40) Total accumulated other comprehensive income 14,077 14,808 Non-controlling interests 1,289 1,295 Total net assets 66,144 65,372 Total liabilities and net assets 101,415 100,182
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3 Quarterly consolidated statement of income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 15,092 15,761 Cost of sales 11,827 12,368 Gross profit 3,264 3,392 Selling, general and administrative expenses 2,880 3,125 Operating profit 383 266 Non-operating income Interest income 110 67 Dividend income 124 156 Share of profit of entities accounted for using equity method 0 1 Other 52 115 Total non-operating income 288 340 Non-operating expenses Interest expenses 53 86 Loss on abandonment of non-current assets 1 2 Loss on valuation of derivatives 17 72 Rental costs 1 1 Foreign exchange losses 22 6 Commission expenses 201 - Other 68 43 Total non-operating expenses 365 213 Ordinary profit 306 394 Extraordinary losses Extra payments for early retirements 210 - Total extraordinary losses 210 - Profit before income taxes 96 394 Income taxes (30) 255 Profit 126 138 Profit (loss) attributable to non-controlling interests (1) 12 Profit attributable to owners of parent 128 125
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4 Quarterly consolidated statement of comprehensive income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 126 138 Other comprehensive income Valuation difference on available-for-sale securities 69 83 Deferred gains or losses on hedges 0 (1) Foreign currency translation adjustment (2,204) 641 Remeasurements of defined benefit plans, net of tax - 1 Total other comprehensive income (2,134) 724 Comprehensive income (2,008) 863 Comprehensive income attributable to Comprehensive income attributable to owners of parent (1,937) 857 Comprehensive income attributable to non-controlling interests (70) 5
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5 (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) Automobile-related Medical Total Sales Sales to external customers 13,823 1,268 15,092 Transactions with other segments - - - Total 13,823 1,268 15,092 Segment Profit 615 42 657 2. The difference between the total amount of profit or loss of the reported segment and the amount recorded in the quarterly consolidated statements of income and the main details of the difference (matters related to adjustment of differences) (Millions of yen) benefit amount of money Total Reporting Segments 657 Company-wide expenses (Note) (275) Inter-segment transaction elimination 3 Other Adjustments (2) Operating Income in Quarterly Consolidated Statements of Income 383 Note: Corporate expenses are general and administrative expenses that are not primarily attributable to the reporting segment . 3. Information on impairment losses or goodwill on fixed assets by reporting segment There are no important items to be covered. 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) Automobile-related Medical Total Sales Sales to external customers 14,384 1,376 15,761 Transactions with other segments - - - Total 14,384 1,376 15,761 Segment Profit 475 45 521 2. The difference between the total amount of profit or loss of the reported segment and the amount recorded in the quarterly consolidated statements of income and the main details of the difference (matters related to adjustment of differences) (Millions of yen) benefit amount of money Total Reporting Segments 521 Company-wide expenses (Note) (258) Inter-segment transaction elimination 3 Other Adjustments 0 Operating Income in Quarterly Consolidated Statements of Income 266 Note: Corporate expenses are general and administrative expenses that are not primarily attributable to the reporting segment. 3. Information on impairment losses or goodwill on fixed assets by reporting segment There are no important items to be covered.