Interim report
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Note: 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. February 4, 2026 CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll RRRRReeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee NNNNNiiiiinnnnneeeee MMMMMooooonnnnnttttthhhhhsssss EEEEEnnnnndddddeeeeeddddd DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222255555 (((((UUUUUnnnnndddddeeeeerrrrr JJJJJaaaaapppppaaaaannnnneeeeessssseeeee GGGGGAAAAAAAAAAPPPPP))))) Company name: OKUMA Corporation Listing: Tokyo Stock Exchange, Nagoya Stock Exchange Securities code: 6103 URL: https://www.okuma.co.jp Representative: Atsushi Ieki Representative Director, President Inquiries: Shinya Hibino Senior Officer; Division Manager, Administration Division Telephone: +81-587-95-7822 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: None Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 11111..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee nnnnniiiiinnnnneeeee mmmmmooooonnnnnttttthhhhhsssss eeeeennnnndddddeeeeeddddd DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222255555 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222255555 tttttooooo DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222255555))))) (((((11111))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg rrrrreeeeesssssuuuuullllltttttsssss (((((cccccuuuuummmmmuuuuulllllaaaaatttttiiiiivvvvveeeee))))) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % December 31, 2025 166,508 11.8 10,441 3.1 11,222 (0.7) 8,543 13.9 December 31, 2024 148,967 (11.0) 10,127 (44.4) 11,295 (38.6) 7,498 (42.7) Note: Comprehensive income For the nine months ended December 31, 2025: ¥ 18,885 million [ 170.8%] For the nine months ended December 31, 2024: ¥ 6,974 million [ (66.4) %] Basic earnings per share Diluted earnings per share Nine months ended Yen Yen December 31, 2025 141.19 - December 31, 2024 123.88 - Note: OKUMA (hereinafter, the “Company”) implemented a 2-for-1 common stock split, effective October 1, 2024. Basic earnings per share were calculated on the assumption that the stock split had been implemented at the beginning of the previous fiscal year. (((((22222))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll pppppooooosssssiiiiitttttiiiiiooooonnnnn Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % December 31, 2025 315,459 250,883 76.2 March 31, 2025 298,168 238,065 76.3 Reference: Equity As of December 31, 2025: ¥ 240,363 million As of March 31, 2025: ¥ 227,499 million
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22222..... CCCCCaaaaassssshhhhh dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss 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 - 100.00 - 50.00 -March 31, 2025 Fiscal year ending - 50.00 -March 31, 2026 Fiscal year ending March 31, 2026 (Forecast) 50.00 100.00 Note: Revisions to the forecast of cash dividends most recently announced: None The Company implemented a 2-for-1 common stock split, effective October 1, 2024. The 2nd quarter-end dividend for the fiscal year ending March 31, 2025 is presented in an amount before the stock split. The year-end dividend per share for the fiscal year ending March 31, 2025 is presented in an amount that takes the impact of the stock split into consideration. The annual dividend for the fiscal year ending March 2025 is indicated as “-” in consideration of the impact of the stock split. The 2nd quarter-end dividend for the fiscal year ending March 31, 2025, taking the stock split into consideration, is 50 yen, and the annual dividend is 100 yen. 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222266666 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222255555 tttttooooo MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222266666))))) (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 Full year 220,000 6.4 14,000 (4.4) 14,500 (6.6) 10,000 4.3 165.25 Note: Revisions to the financial result forecast most recently announced: None ***** NNNNNooooottttteeeeesssss (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 (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 December 31, 2025 67,510,308 shares As of March 31, 2025 67,510,308 shares (ii) Number of treasury shares at the end of the period As of December 31, 2025 6,997,491 shares As of March 31, 2025 7,008,644 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Nine months ended December 31, 2025 60,507,183 shares Nine months ended December 31, 2024 60,529,711 shares Note: The Company implemented a 2-for-1 common stock split, effective October 1, 2024. Average number of shares outstanding during the period were calculated on the assumption that the stock split had been implemented at the beginning of the previous fiscal year. * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes(voluntary)
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Table of Contents - Attachments 1. Qualitative Information on Quarterly Financial Results ......................................................................... 2 (1) Explanation of Operating Results ....................................................................................................... 2 (2) Explanation of Financial Position ....................................................................................................... 3 (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information ... 3 2. Quarterly Consolidated Financial Statements and Primary Notes .......................................................... 4 (1) Quarterly Consolidated Balance Sheet ................................................................................................ 4 (2) Quarterly Consolidated Statements of Income and Comprehensive Income ...................................... 6 (3) Notes to Quarterly Consolidated Financial Statements ....................................................................... 8 (Notes on going concern assumption) ............................................................................................ 8 (Notes in case of significant changes in shareholders’ equity) ....................................................... 8 (Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements) .................................................................................................................................... 8 (Segment information, etc.) ............................................................................................................ 9 (Notes on statements of cash flows) ............................................................................................. 10 (Significant subsequent events) .................................................................................................... 10 3. Other ...................................................................................................................................................... 11 (1) Order and Sales Status ....................................................................................................................... 11 (2) Overseas Sales ................................................................................................................................... 12 1
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1. Qualitative Information on Quarterly Financial Results (1) Explanation of Operating Results During the nine months ended December 31, 2025, the Group’s business environment continued to face uncertainties in the global economy, such as the unpredictability of the U.S. tariff policies, increasing geopolitical risks, and ongoing inflation. Under these circumstances, the demand for machine tools remained firm for major corporations; however, medium- and small-sized businesses continued to take a cautious stance about capital investments. Under these business conditions, the Group has positioned our machine tools that autonomously achieve high precision, high efficiency production and energy-saving performance contributing to decarbonization as “Green-Smart Machines” based on the “Medium-Term Management Plan 2025.” We rolled them out globally, along with automation and Monozukuri DX solutions that address social issues concerning manufacturing . In addition, we focused on obtaining orders as well as improving profitability and capital efficiency, and focused on enhancing corporate value by solving social issues concerning manufacturing services. In terms of market conditions by region, in Japan, partly due to the impact of the U.S. tariff measures on automobiles, medium- and small-sized businesses continued a cautious stance on capital investment. However, there were active movements of capital investment in various industries, including aerospace, defense-related, general industrial machinery, shipbuilding, construction machinery, power generation -related, and medical equipment sectors. In the U.S., among medium- and small-sized businesses, uncertainties in the tariff policies and rising interest rates led to a continued cautious stance on capital investment. However, demand from major corporations remained solid, particularly in the aerospace, defense -related, medical equipment, and energy-related sectors, among others. In Europe, as the economic outlook remained uncertain due to factors such as the stagnation in the automotive industry, sluggish export industries, and the impact of the U.S. tariff policies, demand remained sluggish. In China, industrial policies continued to support capital investment, and demand from sectors such as semiconductor manufacturing equipment, wind power generation, and general industrial machinery remained firm. In addition, we steadily secured large-scale orders from major EV manufacturers, resulting in solid overall order levels. In Asia, excluding China, although there were differences in levels of strength by country and region, demand remained firm. Under these market conditions, we exhibited at EMO Hannover 2025, Europe’s leading manufacturing machinery trade fair held in Hanover, Germany, from September 22 to 26, 2025, and presented process-intensive machine tools such as 5-axis machining centers and multitasking machines, and automation systems, for which demand has grown. Additionally, at the O kuma Machine Fair 2025 held at the Headquarters Plant from November 11 to 14, 2025, we welcomed numerous customers both domestically and internationally. To solve issues such as labor shortages and a lack of skilled workers, we promoted the expansion of sales by proposing process-intensive and automation systems centered on smart machines such as 5 -axis machining centers and multitasking machines, with ease of use as the concept, as well as specific solutions for enhancing productivity through their utilization. Regarding profitability, in response to rising material costs, persistently high transportation costs, and strengthened investment in human capital, we focused on reducing costs through measures such as improving production efficiency and expanding in-house manufacturing. We also worked to pass on cost increases and the burden of U.S. tariffs to sales prices. On the other hand, amid sluggish demand for machine tools, we have not achieved a full-scale recovery in factory capacity utilization. In addition, the concentration of contracted delivery dates for ordered machines in the latter half of the fiscal year served as a factor pushing down sales and profits. Regarding manufacturing, the Okuma PDC ( Process Distribution Center), which combines logistics 2
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functions and distribution processing (unit assembly functions), was completed within the Kani Plant in September 2025 and commenced operations in January 2026. By consolidating warehouse functions and logistics at the Okuma PDC, we will enhance delivery efficiency. Furthermore, by co-locating high-value-added processes such as unit production, we aim to reduce logistics costs and greenhouse gas emissions under Scope 3. As a result, consolidated orders received during the nine months ended December 31, 2025, were ¥173,114 million (up 13.9% year on year), consolidated net sales were ¥166,508 million ( up 11.8% year on year), consolidated operating profit was ¥10,441 million (up 3.1% year on year), consolidated ordinary profit was ¥11,222 million (down 0.7% year on year), and profit attributable to owners of parent was ¥8,543 million (up 13.9% year on year). (2) Explanation of Financial Position The total assets at the end of the third quarter under review increased by ¥17,290 million compared to the end of the previous fiscal year, reaching ¥315,459 million. This was mainly due to the increase s of property, plant and equipment by ¥10,278 million, investment securities by ¥9,128 million, inventories by ¥4,864 million, intangible assets by ¥2,296 million, and notes and accounts receivable - trade by ¥653 million, and a decrease of cash and deposits by ¥10,705 million. In addition, t he total liabilities at the end of the third quarter under review increased by ¥4,472 million compared to the end of the previous fiscal year, reaching ¥64,575 million. This was mainly due to the increases of income taxes payable by ¥247 million and notes and accounts payable - trade by ¥97 million. The total net assets at the end of the third quarter under review increased by ¥12,818 million compared to the end of the previous fiscal year, reaching ¥250,883 million. This was mainly due to the increases of valuation difference on available-for-sale securities by ¥6,248 million, foreign currency translation adjustment by ¥4,165 million, and retained earnings by ¥2,492 million. As a result, the equity-to-asset ratio at the end of the third quarter under review was 76.2%. (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information While uncertainty remains regarding the global economic outlook, demand in the aerospace, defense-related, and energy -related industries is expected to expand, and demand related to semiconductor manufacturing equipment is anticipated to gradually increase. In addition, as efforts to address social issues such as the declining labor population and decarbonization, both in Japan and overseas, continue to advance, demand for labor saving, automation, and high-efficiency machining is expected to remain firm over the medium to long term. Therefore, there are no changes to the full-year consolidated financial result s forecast announced on November 6, 2025. There are also no changes to the dividend forecast announced. The forward-looking statements, including the financial forecasts shown in this document, are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Actual performance and other results may differ materially from these forecasts due to various factors. 3
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2. Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2025 As of December 31, 2025 Assets Current assets Cash and deposits 53,079 42,373 Notes and accounts receivable - trade 37,879 38,532 Electronically recorded monetary claims - operating 834 656 Inventories 85,631 90,495 Other 7,630 8,593 Allowance for doubtful accounts (454) (293) Total current assets 184,600 180,358 Non-current assets Property, plant and equipment Buildings and structures, net 28,394 31,206 Other, net 26,024 33,490 Total property, plant and equipment 54,419 64,697 Intangible assets 14,874 17,170 Investments and other assets Investment securities 34,033 43,162 Other 10,244 10,075 Allowance for doubtful accounts (3) (4) Total investments and other assets 44,274 53,233 Total non-current assets 113,568 135,101 Total assets 298,168 315,459 4
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(Millions of yen) As of March 31, 2025 As of December 31, 2025 Liabilities Current liabilities Notes and accounts payable - trade 15,510 15,607 Electronically recorded obligations - operating 5,621 5,393 Current portion of bonds payable - 5,000 Income taxes payable 1,127 1,375 Provision for bonuses 3,576 2,240 Provision for bonuses for directors (and other officers) 110 102 Provision for product warranties 442 504 Other 16,349 19,343 Total current liabilities 42,737 49,567 Non-current liabilities Bonds payable 5,000 - Long-term borrowings 5,000 5,000 Retirement benefit liability 178 185 Other 7,187 9,822 Total non-current liabilities 17,365 15,008 Total liabilities 60,103 64,575 Net assets Shareholders' equity Share capital 18,000 18,000 Capital surplus 41,798 41,804 Retained earnings 156,362 158,854 Treasury shares (17,805) (17,777) Total shareholders' equity 198,355 200,881 Accumulated other comprehensive income Valuation difference on available-for-sale securities 13,093 19,341 Foreign currency translation adjustment 15,619 19,785 Remeasurements of defined benefit plans 430 353 Total accumulated other comprehensive income 29,144 39,481 Non-controlling interests 10,565 10,520 Total net assets 238,065 250,883 Total liabilities and net assets 298,168 315,459 5
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(2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Nine-Month Period (Millions of yen) For the nine months ended December 31, 2024 For the nine months ended December 31, 2025 Net sales 148,967 166,508 Cost of sales 100,688 116,683 Gross profit 48,278 49,824 Selling, general and administrative expenses 38,150 39,383 Operating profit 10,127 10,441 Non-operating income Interest income 477 429 Dividend income 881 1,024 Other 297 314 Total non-operating income 1,656 1,768 Non-operating expenses Interest expenses 54 74 Foreign exchange losses 38 400 Other 395 511 Total non-operating expenses 488 987 Ordinary profit 11,295 11,222 Extraordinary income Gain on sale of investment securities 394 - Total extraordinary income 394 - Extraordinary losses Factory rebuilding expense 64 - Total extraordinary losses 64 - Profit before income taxes 11,625 11,222 Income taxes 4,016 2,628 Profit 7,609 8,593 Profit attributable to non-controlling interests 111 50 Profit attributable to owners of parent 7,498 8,543 6
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Quarterly Consolidated Statement of Comprehensive Income For the Nine-Month Period (Millions of yen) For the nine months ended December 31, 2024 For the nine months ended December 31, 2025 Profit 7,609 8,593 Other comprehensive income Valuation difference on available-for-sale securities (2,336) 6,251 Foreign currency translation adjustment 1,843 4,116 Remeasurements of defined benefit plans, net of tax (141) (76) Total other comprehensive income (634) 10,291 Comprehensive income 6,974 18,885 Comprehensive income attributable to Comprehensive income attributable to owners of parent 6,959 18,880 Comprehensive income attributable to non-controlling interests 15 5 7
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(3) Notes to Quarterly Consolidated Financial Statements (Notes on going concern assumption) Not applicable. (Notes in case of significant changes in shareholders’ equity) Not applicable. (Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements) (Calculation of tax expenses) The Company calculates tax expenses by multiplying profit before income taxes for the period under review by a reasonably estimated effective tax rate for profit before income taxes for the fiscal year including the third quarter under review, after the application of tax effect accounting. 8
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(Segment information, etc.) I. For the Nine Months Ended December 31, 2024 (April 1, 2024 to December 31, 2024) Information on net sales and profit (loss) by reportable segment (Millions of yen) Reportable segment Adjustment (Note)1 Amount recorded in quarterly consolidated statement of income (Note)2 Japan Americas Europe Asia/Pacific Total Net sales Sales to outside customers 69,008 44,978 25,000 9,979 148,967 ― 148,967 Intersegment sales or transfers 50,192 110 104 6,428 56,835 (56,835) ― Total 119,201 45,088 25,104 16,408 205,802 (56,835) 148,967 Segment profit 6,657 1,857 637 702 9,855 271 10,127 (Notes) 1. The ¥271 million adjustment in segment profit represents the elimination of unrealized profit, etc. 2. Segment profit is adjusted with the operating profit in the quarterly consolidated statement of income. II. For the Nine Months Ended December 31, 2025 (April 1, 2025 to December 31, 2025) Information on net sales and profit (loss) by reportable segment (Millions of yen) Reportable segment Adjustment (Note)1 Amount recorded in quarterly consolidated statement of income (Note)2 Japan Americas Europe Asia/Pacific Total Net sales Sales to outside customers 82,194 49,074 24,559 10,679 166,508 ― 166,508 Intersegment sales or transfers 46,135 20 101 6,981 53,238 (53,238) ― Total 128,329 49,094 24,661 17,660 219,746 (53,238) 166,508 Segment profit 4,581 2,453 369 631 8,035 2,405 10,441 (Notes) 1. The ¥2,405 million adjustment in segment profit represents the elimination of unrealized profit, etc. 2. Segment profit is adjusted with the operating profit in the quarterly consolidated statement of income. 9
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(Notes on statements of cash flows) No quarterly consolidated statements of cash flows are prepared for the nine months ended December 31, 2025. The depreciation (including amortization related to intangible assets other than goodwill) and the amortization of goodwill in the nine months ended December 31 are as follows. (Millions of yen) For the nine months ended December 31, 2024 For the nine months ended December 31, 2025 Depreciation 7,106 6,835 Amortization of goodwill 81 87 (Significant subsequent events) (Borrowing of a large amount of funds) On January 20, 2026, the Company executed a syndicated loan of ¥15,000 million to finance capital expenditures, including investments in the Engineering Center and Innovation Center at the Konan Plant, based on the term loan agreement described below. The outline of the term loan agreement is as follows. Tranche A Tranche B Tranche C (1) Arranged amounts ¥5,000 million ¥5,000 million ¥5,000 million (2) Arranger MUFG Bank, Ltd. (3) Contract date January 20, 2026 (4) Loan date January 23, 2026 (5) Loan term 2 years 3 years 5 years (6) Collateral/Guarantee None 10
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3. Other (1) Order and Sales Status 1) Order status (Millions of yen) For the nine months ended December 31, 2024 For the nine months ended December 31, 2025 Orders Received Order Backlog Orders Received Order Backlog NC lathes 22,021 19,220 25,719 19,438 Machining centers 79,686 53,815 94,506 60,177 Multitasking machines 43,081 15,702 46,186 20,722 NC grinders 1,580 799 2,005 1,367 Others 5,606 1,118 4,696 1,352 Total 151,976 90,655 173,114 103,058 2) Sales results (Millions of yen) For the nine months ended December 31, 2024 For the nine months ended December 31, 2025 Net Sales Composition (%) Net Sales Composition (%) NC lathes 24,114 16.2 24,061 14.4 Machining centers 73,160 49.1 93,136 55.9 Multitasking machines 44,346 29.8 43,570 26.2 NC grinders 1,800 1.2 1,445 0.9 Others 5,545 3.7 4,294 2.6 Total 148,967 100.0 166,508 100.0 11
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(2) Overseas Sales For the Nine Months Ended December 31, 2024 (April 1, 2024 to December 31, 2024) (Millions of yen) US Americas (other than the US) Europe China Asia/Pacific (other than China) Total I Overseas sales 38,650 6,342 24,536 25,038 9,814 104,382 II Consolidated net sales ― ― ― ― ― 148,967 III Percentage of overseas sales in consolidated net sales (%) 25.9 4.3 16.5 16.8 6.6 70.1 For the Nine Months Ended December 31, 2025 (April 1, 2025 to December 31, 2025) (Millions of yen) US Americas (other than the US) Europe China Asia/Pacific (other than China) Total I Overseas sales 44,594 4,491 24,652 37,803 11,615 123,157 II Consolidated net sales ― ― ― ― ― 166,508 III Percentage of overseas sales in consolidated net sales (%) 26.8 2.7 14.8 22.7 7.0 74.0 12