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 . LOKUMA OPEN POSSIBILITIES Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) August 5 , 2026 FASF Company name : OKUMA Corporation Listing : Tokyo Stock Exchange , Nagoya Stock Exchange Securities code : 6103 URL : https://www.okuma.co.jp Representative : Atsushi leki Inquiries : Shinya Hibino 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 Representative Director , President Senior Officer ; Division Manager , Administration Division ( 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 . ) Profit attributable to owners of parent Net sales Three months ended June 30 , 2026 Millions of yen 51,903 % Operating profit Millions of yen % Ordinary profit Millions of yen % Millions of yen % 16.3 June 30 , 2025 Note : Comprehensive income Three months ended June 30 , 2026 June 30 , 2025 ( 2 ) Consolidated financial position For the three months ended June 30 , 2026 : For the three months ended June 30 , 2025 : Basic earnings per share Yen 84.52 23.29 44,646 ( 1.5 ) 4,399 175.1 1,599 ( 47.8 ) 4,930 129.0 4,984 253.7 2,152 ( 40.4 ) 1,409 ( 42.2 ) ¥ 12,202 million - % ] ¥ ( 223 ) million [ - % ] Diluted earnings per share Yen As of June 30 , 2026 Total assets Net assets Equity - to - asset ratio Millions of yen 349,647 340,386 Millions of yen % 263,942 72.0 As of June 30 , 2026 : As of March 31 , 2026 : 255,919 ¥ 251,785 million ¥ 245,008 million 72.0 March 31 , 2026 Reference : Equity
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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 - 50.00 - 50.00 100.00March 31, 2026 Fiscal year ending -March 31, 2027 Fiscal year ending March 31, 2027 (Forecast) 60.00 - 60.00 120.00 Note: Revisions to the forecast of cash dividends most recently announced: Yes 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222277777 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222266666 tttttooooo MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222277777))))) (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 Six months ending September 30, 2026 119,000 13.1 11,500 89.8 12,000 93.1 10,500 130.6 178.84 Full year 260,000 10.2 26,000 67.7 26,500 61.8 20,000 59.3 340.65 Note: Revisions to the financial result forecast most recently announced: Yes ***** 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: Yes (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 67,510,308 shares As of March 31, 2026 67,510,308 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 8,799,243 shares As of March 31, 2026 8,239,079 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 58,973,678 shares Three months ended June 30, 2025 60,501,552 shares * 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 ....................................................................................................... 2 (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information ... 3 2. Quarterly Consolidated Financial Statements and Primary Notes .......................................................... 5 (1) Quarterly Consolidated Balance Sheet ................................................................................................ 5 (2) Quarterly Consolidated Statements of Income and Comprehensive Income ...................................... 7 (3) Notes to Quarterly Consolidated Financial Statements ....................................................................... 9 (Notes on going concern assumption) ............................................................................................ 9 (Notes in case of significant changes in shareholders’ equity) ....................................................... 9 (Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements) .................................................................................................................................... 9 (Segment information, etc.) .......................................................................................................... 10 (Notes on statements of cash flows) ............................................................................................. 11 3. Other ...................................................................................................................................................... 12 (1) Order and Sales Status ....................................................................................................................... 12 (2) Overseas Sales ................................................................................................................................... 13 1
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1. Qualitative Information on Quarterly Financial Results (1) Explanation of Operating Results During the three months ended June 30, 202 6, the Group ’s business environment continued to face uncertainties in the global economy, such as ongoing geopolitical risks and inflation. However, the demand for machine tools remained steady for major corporations, and there were signs of a restart in capital investments even for medium- and small-sized businesses. Upward trend in demand both in Japan and overseas led to all- time high orders received on a consolidated basis. 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 2028.” We rolled them out globally, along with automation and Monozukuri solutions. Through such activities, 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 the U.S., the high level of demand continued, primarily from major corporations, in the aviation, space and satellites, defense-related, data center, and energy-related sectors. Furthermore, even with medium- and small-sized businesses, there were signs of a restart in capital investments. This U.S. trend of demand is showing signs of expanding worldwide. Even in Japan, in addition to the active demand in the aviation, space, defense-related, data center, and energy-related sectors, capital investment remained steady broadly across industries, including semiconductor manufacturing equipment, shipbuilding, and general industrial machinery. Furthermore, even with medium- and small-sized businesses, there were positive signs in capital investments, such as demand to replace equipment. In Europe, demand remained sluggish due to factors such as the stagnation in the automotive industry and sluggish export industries in Germany and elsewhere, but for Europe as a whole, investment activity picked up, starting with aircraft and defense-related sectors, as more countries are strengthening defense measures. As a result, demand significantly increased. In China, while orders for large-scale investment projects from major EV manufacturers, which supported orders received in the previous fiscal year, eased off, demand from sectors such as semiconductor manufacturing equipment and general industrial machinery remained firm. In Asia, excluding China, although there were differences in levels of strength by country and region as well as industry, demand particularly for semiconductor manufacturing equipment gradually increased. Regarding profitability, in response to strengthened investment in human capital, rising material costs, and persistently high transportation costs , 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 additional tariffs in the U.S. to sales prices to improve profitability. As a result, consolidated orders received during the three months ended June 30, 2026, were ¥75,263 million (up 38.9% year on year), consolidated net sales were ¥51,903 million (up 16.3% year on year), consolidated operating profit was ¥4,399 million (up 175.1% year on year), consolidated ordinary profit was ¥4,930 million (up 129.0% year on year), and profit attributable to owners of parent was ¥4,984 million (up 253.7% year on year). (2) Explanation of Financial Position The total assets at the end of the first quarter under review increased by ¥9,260 million compared to the end of the previous fiscal year, reaching ¥349,647 million. This was mainly due to the increase s of investment securities by ¥8,527 million, inventories by ¥5,311 million, property, plant and equipment of ¥1,183 million, cash and deposits of ¥1,157 million, intangible assets of ¥474 million and a decrease of notes and accounts receivable - trade of ¥8,542 million. In addition, t he total liabilities at the end of the first quarter under review increased by ¥1,237 million compared to the end of the previous fiscal year, reaching ¥85,705 million. This was mainly due to an increase of notes and accounts payable - trade by ¥1,475 million. 2
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The total net assets at the end of the first quarter under review increased by ¥8,023 million compared to the end of the previous fiscal year, reaching ¥263,942 million. This was mainly due to the increases of valuation difference on available-for-sale securities by ¥6,044 million, retained earnings by ¥2,021 million, foreign currency translation adjustment by ¥1,119 million, and treasury shares by ¥2,359 million. As a result, the equity- to-asset ratio at the end of the first quarter under review was 72.0%. (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information Regarding the business environment surrounding the Group, the outlook for the global economy is expected to remain uncertain due to the unpredictability of global trade policies, geopolitical risks resulting from continued conflicts in various parts of the world, ongoing inflation, trends of global monetary policies, and other factors. However, demand for machine tools continues to expand , mainly in the aviation, space and satellites, defense-related, data center and energy-related, and semiconductor manufacturing equipment sectors. In addition, amid initiatives being undertaken to address social issues, such as the declining labor force and decarbonization, in Japan and overseas, labor-saving, automation, and high-efficiency processing needs are expected to gradually expand in the medium to long term. Under these business conditions, with the basic strategy of providing Monozukuri solutions, such as 5-axis machining centers, multitasking machines, and other Green -Smart Machines, as well as automation solutions and decarbonization solutions, we will work to secure stable earnings by seizing the demand of growth industries without fail and by improving efficiency in production and operation. Based on the above business environment and our initiatives , we will revise the consolidated orders- received forecast for the fiscal year ending March 31, 2027 announced on May 12, 2026 to ¥276,000 million from ¥250,000 million. Regarding forecast on orders by region (destination), please refer to “First Quarter Fiscal Year 2026 Financial Results” posted on our website today (August 5, 2026). Furthermore, due to the revision of the consolidated orders-received forecast, we will revise the consolidated financial results forecast for the fiscal year ending March 31, 2027 as shown in the table below. (1) Revision of Consolidated Financial Results Forecast for the S ix Months Ending September 30, 2026 (April 1, 2026 to September 30, 2026) Net sales (Millions of yen) Operating profit (Millions of yen) Ordinary profit (Millions of yen) Profit attributable to owners of parent (Millions of yen) Basic earnings per share (Yen) Six months ending September 30, 2026 (Revised forecasts) 119,000 11,500 12,000 10,500 178.84 Six months ended September 30, 2025 (Actual results) 105,217 6,058 6,213 4,553 75.26 Change 13.1% 89.8% 93.1% 130.6% ― 3
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(2) Revision of Full-Year Consolidated Financial Results Forecast (April 1, 2026 to March 31, 2027) Net sales (Millions of yen) Operating profit (Millions of yen) Ordinary profit (Millions of yen) Profit attributable to owners of parent (Millions of yen) Basic earnings per share (Yen) Fiscal year ending March 31, 2027 (Revised forecasts) 260,000 26,000 26,500 20,000 340.65 Fiscal year ended March 31, 2026 (Actual results) 235,888 15,505 16,380 12,554 208.03 Change 10.2% 67.7% 61.8% 59.3% ― The revised financial results forecast assumes exchange rates of ¥159.0 per U.S. dollar and ¥185.0 per euro for the full fiscal year. For details on revision of consolidated financial results forecast and dividend forecast , refer to “Notice Regarding Revision of Consolidated Financial Forecast and Dividend Forecast for the Fiscal Year Ending March 31, 2027 ,” which was released today (August 5, 2026). 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. 4
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2. Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 53,014 54,172 Notes and accounts receivable - trade 45,894 37,351 Electronically recorded monetary claims - operating 417 682 Inventories 82,108 87,420 Other 9,537 10,768 Allowance for doubtful accounts (323) (315) Total current assets 190,649 190,080 Non-current assets Property, plant and equipment Buildings and structures, net 48,265 48,576 Other, net 26,200 27,073 Total property, plant and equipment 74,466 75,649 Intangible assets 16,970 17,444 Investments and other assets Investment securities 45,128 53,655 Other 13,179 12,824 Allowance for doubtful accounts (7) (7) Total investments and other assets 58,300 66,472 Total non-current assets 149,737 159,567 Total assets 340,386 349,647 5
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 14,710 16,186 Electronically recorded obligations - operating 4,688 4,477 Current portion of bonds payable 5,000 5,000 Income taxes payable 2,172 1,897 Provision for bonuses 4,247 1,930 Provision for bonuses for directors (and other officers) 189 44 Provision for product warranties 471 438 Other 20,723 21,393 Total current liabilities 52,203 51,368 Non-current liabilities Long-term borrowings 20,000 20,000 Retirement benefit liability 188 191 Other 12,076 14,145 Total non-current liabilities 32,264 34,337 Total liabilities 84,467 85,705 Net assets Shareholders' equity Share capital 18,000 18,000 Capital surplus 41,815 41,826 Retained earnings 162,866 164,887 Treasury shares (22,778) (25,138) Total shareholders' equity 199,903 199,575 Accumulated other comprehensive income Valuation difference on available-for-sale securities 21,030 27,075 Foreign currency translation adjustment 21,578 22,697 Remeasurements of defined benefit plans 2,496 2,436 Total accumulated other comprehensive income 45,105 52,209 Non-controlling interests 10,910 12,156 Total net assets 255,919 263,942 Total liabilities and net assets 340,386 349,647 6
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(2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net sales 44,646 51,903 Cost of sales 31,108 34,420 Gross profit 13,537 17,483 Selling, general and administrative expenses 11,938 13,083 Operating profit 1,599 4,399 Non-operating income Interest income 154 187 Dividend income 479 535 Other 97 109 Total non-operating income 731 832 Non-operating expenses Interest expenses 21 79 Foreign exchange losses 39 32 Other 117 189 Total non-operating expenses 178 302 Ordinary profit 2,152 4,930 Extraordinary income Gain on sale of investment securities - 1,752 Total extraordinary income - 1,752 Profit before income taxes 2,152 6,683 Income taxes 667 1,703 Profit 1,484 4,979 Profit (loss) attributable to non-controlling interests 75 (4) Profit attributable to owners of parent 1,409 4,984 7
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Quarterly Consolidated Statement of Comprehensive Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 1,484 4,979 Other comprehensive income Valuation difference on available-for-sale securities 372 6,048 Foreign currency translation adjustment (2,064) 1,233 Remeasurements of defined benefit plans, net of tax (15) (59) Total other comprehensive income (1,708) 7,222 Comprehensive income (223) 12,202 Comprehensive income attributable to Comprehensive income attributable to owners of parent 359 12,089 Comprehensive income attributable to non-controlling interests (583) 112 8
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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 first quarter under review, after the application of tax effect accounting. 9
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(Segment information, etc.) I. For the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 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 21,085 13,243 7,134 3,183 44,646 ― 44,646 Intersegment sales or transfers 16,121 1 24 2,427 18,574 (18,574) ― Total 37,207 13,244 7,158 5,610 63,220 (18,574) 44,646 Segment profit 246 383 29 173 832 767 1,599 (Notes) 1. The ¥767 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 Three Months Ended June 30, 2026 (April 1, 2026 to June 30, 2026) 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 23,888 18,063 7,745 2,205 51,903 ― 51,903 Intersegment sales or transfers 14,798 23 49 2,377 17,249 (17,249) ― Total 38,687 18,086 7,795 4,583 69,153 (17,249) 51,903 Segment profit (loss) 2,754 1,964 (172) (36) 4,508 (109) 4,399 (Notes) 1. The ¥(109) million adjustment in segment profit (loss) represents the elimination of unrealized profit, etc. 2. Segment profit (loss) is adjusted with the operating profit in the quarterly consolidated statement of income. 10
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(Notes on statements of cash flows) No quarterly consolidated statements of cash flows are prepared for the three months ended June 30, 2026. The depreciation (including amortization related to intangible assets other than goodwill) and the amortization of goodwill in the three months ended June 30 are as follows. (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Depreciation 2,231 2,556 Amortization of goodwill 29 30 11
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3. Other (1) Order and Sales Status 1) Order status (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Orders Received Order Backlog Orders Received Order Backlog NC lathes 8,982 19,411 14,044 27,530 Machining centers 29,903 64,700 37,559 62,961 Multitasking machines 13,038 19,768 21,035 31,591 NC grinders 743 1,112 358 821 Others 1,497 979 2,266 1,862 Total 54,166 105,972 75,263 124,767 2) Sales results (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net Sales Composition (%) Net Sales Composition (%) NC lathes 7,351 16.5 7,720 14.9 Machining centers 24,010 53.7 27,985 53.9 Multitasking machines 11,376 25.5 13,501 26.0 NC grinders 438 1.0 696 1.3 Others 1,468 3.3 2,000 3.9 Total 44,646 100.0 51,903 100.0 12
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(2) Overseas Sales For the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025) (Millions of yen) US Americas (other than the US) Europe China Asia/Pacific (other than China) Total I Overseas sales 12,146 1,094 7,134 8,018 3,601 31,996 II Consolidated net sales ― ― ― ― ― 44,646 III Percentage of overseas sales in consolidated net sales (%) 27.1 2.5 16.0 18.0 8.1 71.7 For the Three Months Ended June 30, 2026 (April 1, 2026 to June 30, 2026) (Millions of yen) US Americas (other than the US) Europe China Asia/Pacific (other than China) Total I Overseas sales 15,728 2,423 7,745 7,567 4,149 37,614 II Consolidated net sales ― ― ― ― ― 51,903 III Percentage of overseas sales in consolidated net sales (%) 30.3 4.7 14.9 14.6 8.0 72.5 13