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 . Consolidated Financial Results for the Six Months Ended June 30 , 2026 ( Under Japanese GAAP ) Company name : Seibu Giken Co. , Ltd. Listing : Tokyo Stock Exchange Securities code : 6223 URL : https://seibu-giken.com/ Representative : Fumio Kuma Inquiries : Miwa Hirakawa Telephone : + 81-92-942-3511 Scheduled date to file semi - annual securities report : August 7 , 2026 Scheduled date to commence dividend payments : - Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes Representative Director , Executive President Director , Senior Executive Officer , Corporate Management Operations August 7 , 2026 FASF 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 ) Net sales Operating profit ( Yen amounts are rounded down to millions , unless otherwise noted . ) ( Percentages indicate year - on - year changes . ) Ordinary profit Six months ended June 30 , 2026 Millions of yen 18,132 30.5 June 30 , 2025 13,897 ( 5.6 ) % Millions of yen 2,562 2,031 % 26.1 Millions of yen 2,848 % Profit attributable to owners of parent Millions of yen % 24.6 1,985 43.4 13.8 2,555 70.8 1,496 7.6 Note : Comprehensive income For the six months ended June 30 , 2026 : For the six months ended June 30 , 2025 : Basic earnings per share ¥ 3,318 million [ 239.5 % ] ¥ 977 million [ ( 67.2 ) % ] Diluted earnings per share Six months ended June 30 , 2026 June 30 , 2025 Yen 130.67 74.06 Note : " Diluted earnings per share " is not stated as there are no dilutive shares . ( 2 ) Consolidated financial position As of June 30 , 2026 December 31 , 2025 Reference : Equity As of June 30 , 2026 : Yen Total assets Net assets Equity - to - asset ratio Millions of yen 50,526 48,197 Millions of yen % 33,108 65.2 32,224 66.6 ¥ 32,923 million ¥ 32,092 million As of December 31 , 2025 :
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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 - 0.00 - 70.00 70.00December 31, 2025 Fiscal year ending - 0.00December 31, 2026 Fiscal year ending December 31, 2026 (Forecast) - 70.00 70.00 Note: Revisions to the forecast of cash dividends most recently announced: None 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222266666 (((((fffffrrrrrooooommmmm JJJJJaaaaannnnnuuuuuaaaaarrrrryyyyy 11111,,,,, 22222000002222266666 tttttooooo DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 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 36,050 5.0 4,030 (11.0) 4,460 (0.8) 3,870 12.0 199.61 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 semi-annual 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 June 30, 2026 20,500,000 shares As of December 31, 2025 20,500,000 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 1,066,100 shares As of December 31, 2025 640,500 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended June 30, 2026 19,560,164 shares Six months ended June 30, 2025 20,200,480 shares * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Explanation of the proper use of financial results forecast and other notes The forward-looking statements contained in this document, including the financial results forecasts, are based on information currently available to the Company and certain assumptions deemed to be reasonable. Actual results may differ significantly from these forecasts due to a wide range of factors.
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Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet (Millions of yen) As of December 31, 2025 As of June 30, 2026 Assets Current assets Cash and deposits 15,505 15,015 Notes and accounts receivable - trade, and contract assets 9,327 9,384 Electronically recorded monetary claims - operating 1,152 3,253 Inventories 5,435 6,206 Other 2,004 642 Allowance for doubtful accounts (217) (227) Total current assets 33,207 34,275 Non-current assets Property, plant and equipment Buildings and structures, net 7,096 7,144 Machinery, equipment and vehicles, net 1,035 1,144 Land 3,217 3,236 Other, net 2,416 3,419 Total property, plant and equipment 13,766 14,945 Intangible assets 116 133 Investments and other assets Other 1,376 1,489 Allowance for doubtful accounts (268) (316) Total investments and other assets 1,107 1,172 Total non-current assets 14,990 16,251 Total assets 48,197 50,526
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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 2,101 2,198 Electronically recorded obligations - operating 3,205 941 Short-term borrowings 3,200 8,300 Current portion of long-term borrowings 250 202 Income taxes payable 755 646 Contract liabilities 3,094 2,146 Provision for product warranties 123 120 Provision for bonuses 620 424 Other 1,615 1,226 Total current liabilities 14,967 16,207 Non-current liabilities Long-term borrowings 566 559 Retirement benefit liability 37 38 Other 401 613 Total non-current liabilities 1,005 1,211 Total liabilities 15,972 17,418 Net assets Shareholders' equity Share capital 711 711 Capital surplus 3,526 3,563 Retained earnings 24,581 25,746 Treasury shares (999) (1,999) Total shareholders' equity 27,819 28,021 Accumulated other comprehensive income Valuation difference on available-for-sale securities (31) (45) Foreign currency translation adjustment 4,304 4,947 Total accumulated other comprehensive income 4,272 4,902 Non-controlling interests 132 184 Total net assets 32,224 33,108 Total liabilities and net assets 48,197 50,526
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Semi-annual Consolidated Statements of Income and Comprehensive Income Semi-annual Consolidated Statement of Income (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Net sales 13,897 18,132 Cost of sales 8,772 11,952 Gross profit 5,124 6,179 Selling, general and administrative expenses 3,093 3,617 Operating profit 2,031 2,562 Non-operating income Interest income and dividend income 62 45 Nursery school-related revenue 9 6 Subsidy income 3 213 Surrender value of insurance policies - 35 Foreign exchange gains - 19 Other 25 30 Total non-operating income 100 351 Non-operating expenses Interest expenses 16 45 Nursery school-related expenses 10 10 Foreign exchange losses 106 - Other 12 9 Total non-operating expenses 146 65 Ordinary profit 1,985 2,848 Extraordinary income Subsidy income - 744 Gain on sale of non-current assets 0 17 Total extraordinary income 0 762 Extraordinary losses Loss on retirement of non-current assets 5 12 Total extraordinary losses 5 12 Profit before income taxes 1,981 3,597 Income taxes - current 528 613 Income taxes - deferred (38) 295 Total income taxes 489 908 Profit 1,491 2,688 Profit (loss) attributable to non-controlling interests (4) 133 Profit attributable to owners of parent 1,496 2,555
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Semi-annual Consolidated Statement of Comprehensive Income (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Profit 1,491 2,688 Other comprehensive income Valuation difference on available-for-sale securities (2) (13) Foreign currency translation adjustment (511) 643 Total other comprehensive income (514) 629 Comprehensive income 977 3,318 Comprehensive income attributable to Comprehensive income attributable to owners of parent 981 3,185 Comprehensive income attributable to non-controlling interests (4) 133
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Semi-annual Consolidated Statement of Cash Flows (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Cash flows from operating activities Profit before income taxes 1,981 3,597 Depreciation 463 523 Increase (decrease) in allowance for doubtful accounts 14 48 Increase (decrease) in provision for product warranties (45) (3) Increase (decrease) in provision for bonuses (17) (199) Increase (decrease) in retirement benefit liability (0) 1 Interest and dividend income (62) (45) Subsidy income - (744) Interest expenses 16 45 Loss (gain) on sale of non-current assets (0) (17) Loss on retirement of non-current assets 5 12 Decrease (increase) in trade receivables (89) (2,081) Decrease (increase) in inventories (1,080) (661) Increase (decrease) in trade payables (267) (2,194) Increase (decrease) in contract liabilities 1,708 (1,040) Other, net (347) 795 Subtotal 2,276 (1,962) Interest and dividends received 62 45 Interest paid (16) (46) Income taxes paid (591) (716) Net cash provided by (used in) operating activities 1,730 (2,679) Cash flows from investing activities Purchase of investment securities (15) (24) Payments into time deposits - (87) Proceeds from withdrawal of time deposits - 213 Payments for investments in capital - (4) Purchase of property, plant and equipment (1,058) (1,547) Proceeds from sale of property, plant and equipment 0 17 Purchase of intangible assets (8) (44) Proceeds from maturity of insurance funds - 20 Subsidies received - 744 Other, net (7) 66 Net cash provided by (used in) investing activities (1,088) (644) Cash flows from financing activities Net increase (decrease) in short-term borrowings 2,500 5,100 Proceeds from long-term borrowings - 100 Repayments of long-term borrowings (282) (155) Repayments of lease liabilities (74) (23) Purchase of treasury shares (999) (999) Dividends paid (1,434) (1,390) Dividends paid to non-controlling interests - (37) Purchase of shares of subsidiaries not resulting in change in scope of consolidation - (8) Net cash provided by (used in) financing activities (291) 2,584 Effect of exchange rate change on cash and cash equivalents (444) 395 Net increase (decrease) in cash and cash equivalents (94) (344) Cash and cash equivalents at beginning of period 14,012 14,958 Cash and cash equivalents at end of period 13,917 14,614