Interim report
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ANEST IWATA FY2026 First Quarter Consolidated Financial Results [ Japan GAAP ] ( April 1 , 2026 through June 30 , 2026 ) Company Name Stock Exchanges on Which the Shares Are Listed Code Number URL Representative Contact Person August 10 , 2026 : ANEST IWATA Corporation : Tokyo Stock Exchange in Japan : 6381 : https://www.anestiwata-corp.com : Eisuke Miyoshi , President , Representative Director and Chief Executive Officer : Masanori Daimaru , Managing Executive Officer , Chief Operating Officer , General Manager of Corporate Planning Div . Tel . + 81- ( 0 ) 45-591-9344 Scheduled Payment Date of Cash Dividends Supplemental Materials Prepared for Financial Results Holding of Financial Results Meeting : Yes : None 1. Consolidated Results for FY2026 1st Quarter ( April 1 , 2026 through June 30 , 2026 ) ( 1 ) Consolidated Financial Results Net Sales Operating Profit Ordinary Profit ( Amounts are rounded to the nearest million yen ) ( % figures represent year - on - year increase or decrease ) Profit Attributable to Owners of Parent FY2026 1st Quarter FY2025 1st Quarter % 13.3 ( 3.2 ) Million Yen 13,700 12,088 1,234 929 1,315 1,137 895 ( Note ) Comprehensive Income : FY2026 1st Quarter 1,883 million yen ( — % ) , FY2025 1st Quarter ( 137 ) million yen ( — % ) Million Yen % 32.8 ( 8.7 ) Million Yen 1,763 % 34.1 Million Yen ( 22.8 ) % 27.0 ( 14.9 ) FY2026 1st Quarter FY2025 1st Quarter Basic Earnings per Share Diluted Earnings per Share Yen Yen 28.92 22.77 Consolidated Financial Position Total Assets Net Assets Equity Ratio Million Yen As of June 30 , 2026 As of March 31 , 2026 75,181 74,641 Million Yen 56,291 57,542 % 66.6 68.0 ( Reference ) Equity Capital : As of June 30 , 2026 50,103 million yen , As of March 31 , 2026 50,745 million yen 2. Cash Dividends FY2025 FY2026 FY2026 ( forecast ) End of 1st Quarter Yen End of 2nd Quarter Yen Annual Cash Dividends per Share End of 3rd Quarter Yen Year - end Total Yen Yen 41.00 46.00 87.00 43.00 50.00 93.00 ( Notes ) Revisions to the forecast of cash dividends since latest announcement : None The interim dividend of 43 yen and the year - end dividend of 50 yen for the fiscal year ending March 2027 ( forecast ) include commemorative dividends of 2 yen and 3 yen , respectively , to mark the company's 100th anniversary . 3. Forecast of Consolidated Results for FY2026 ( April 1 , 2026 through March 31 , 2027 ) ( % figures represent year - on - year increase or decrease Net Sales Operating Profit Ordinary Profit Profit Attributable to Owners of Parent Basic Earnings per Share Million Yen FY2026 Half Year ( total ) FY2026 30,500 60,700 6,460 ( Note ) Revisions to the forecast of consolidated results since latest announcement : Yes % Million Yen 15.9 8.6 3,000 5,400 % 19.4 Million Yen 3,800 % 15.3 A2.9 A 16.3 Million Yen 2,300 3,950 % 6.4 A26.3 Yen 58.49 100.45
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* Notes (1) Significant changes in the scope of consolidation during the current consolidated cumulative first quarter: Yes New: One company (Company name: SANWA Co., Ltd.) Excluded: － (Company name: ) (2) Application of account processing specific to the creation of quarterly consolidated financial statements: None (3) Change in accounting policy, change in accounting estimates and restatements (i) Change in accounting policy due to the revision of accounting standards, etc. : None (ii) Change in accounting policy for other reasons : None (iii) Change in accounting estimates : None (iv) Restatements : None (4) Number of shares issued (common share) (i) Number of shares issued (including treasury shares) at the period-end As of June 30, 2026 41,745,505 shares As of March 31, 2026 41,745,505 shares (ii) Number of treasury shares at the period-end As of June 30, 2026 2,553,955 shares As of March 31, 2026 2,359,253 shares (iii) Average number of shares outstanding in the period (quarterly total) FY2026 1st Quarter 39,324,326 shares FY2025 1st Quarter 39,343,616 shares (Note) We have introduced the performance -based stock compensation plan, "Board Benefit Trust (BBT) ," since FY20 19. Accordingly, in the calculation of the basic earnings per share, the Company shares owned by the Trust are included in treasury shares, which are deducted in the calculation of the average number of shares outstanding during the period. * Review of the attached quarterly consolidated financial statements by a certified public accountant or an audit corporation : Yes (Optional) * Explanation of the appropriate use of the expected results of operations, other special notes (Descriptions about the future) Forecasts for operations and other descriptions about the future that are contained in this document are based on the information acquired at the time of publication, as well as certain premises that we judge reasonable. The actual results of operations and so on may change greatly as a result of various factors. For information about the conditions acting as the premise for the expected results of operations and notes on the use of the expected results of operations, see "(2) Explanation for the information on future prospects including the expected consolidated results of operations" on page 4 of Attachment. Note: This document has been translated from the original document in Japanese. In the event of any discrepancy between this English translation and the original document in Japanese, the original document in Japanese shall prevail.
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1 Contents of Attachment 1. Qualitative information for financial results of the current quarter .................................................. 2 (1) Explanation for results of operations and financial condition .................................................... 2 (2) Explanation for the information on future prospects including the expected consolidated results of operations ................................................................................................................. 4 2. Quarterly consolidated financial statements and main notes ........................................................ 5 (1) Quarterly consolidated balance sheet ....................................................................................... 5 (2) Quarterly consolidated statement of income and comprehensive income ................................ 7 Quarterly consolidated statement of income ............................................................................... 7 Quarterly consolidated statement of comprehensive income ...................................................... 8 (3) Notes on quarterly consolidated financial statements ............................................................... 9 (Notes on the premise of a going concern) ............................................................................... 9 (Notes relating to cases in which there are significant changes in the amount of shareholders' equity) ............................................................................................................... 9 (Changes in scope of consolidation and application of the equity method) .............................. 9 (Additional information) ............................................................................................................. 9 (Related to quarterly consolidated balance sheet) ................................................................... 9 (Related to quarterly consolidated statement of income) .......................................................... 9 (Notes on quarterly consolidated statement of cash flows) ...................................................... 9 (Related to shareholders' equity, etc.) ...................................................................................... 10 (Rerated to Business combinations) ......................................................................................... 11 (Segment information, etc.) ...................................................................................................... 12 (Related to revenue recognition) .............................................................................................. 14 (Per share information) ............................................................................................................. 14 (Important subsequent events) ................................................................................................. 14 (4) Others ....................................................................................................................................... 14 Independent Auditor's Interim Review Report on Quarterly Consolidated Financial Statements ......... 15
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2 1. Qualitative information for financial results of the current quarter (1) Explanation for results of operations and financial condition Matters related to the future appearing in this text have been judged by our Group as of the last day of the current consolidated fiscal first quarter. (i) Overview and results of operations During the current consolidated cumulative first quarter (April 1, 2026 to June 30, 2026), the global economy remained resilient, supported by AI -related investment, although conditions varied across the regions. Meanwhile, geopolitical tensions continued to weigh on the global economy. The Japanese economy remained on a recovery trend, supported by expanding demand for AI-related products and inbound tourism, and improvements in the employment and income environment. Amid persistent price increases and unc ertainties regarding overseas economies and the situation in the Middle East, the future outlook remains unclear. Under these circumstances, our business performance for the current consolidated cumulative first quarter is as follows: net sales standing at 13,700 million yen ( up 13.3% from the same consolidated cumulative quarter of the previous fiscal year), operating profit at 1,234 million yen (up 32.8%), ordinary profit at 1,763 million yen (up 34.1%) and profit attributable to owners of parent at 1,137 million yen (up 27.0%). (Reference values) Results of each Business (Amount: million yen) Business category Three months ended June 30, 2026 (Product category) Consolidated net sales Change from the corresponding period of the previous fiscal year Consolidated operating profit Change from the corresponding period of the previous fiscal year Air energy business 8,017 11.1% 683 42.9% Air compressors 7,325 10.7% Vacuum equipment 691 15.7% Coating business 5,523 17.0% 602 12.9% Coating equipment 4,889 10.4% Coating systems 634 117.3% Other 159 3.8% (51) ― % Total 13,700 13.3% 1,234 32.8% (Notes) 1. Consolidated operating profit by business category is calculated with our Group's unique standard. 2. "Other" includes earnings from a consolidated subsidiary in Japan that sells consumer products and provides mobility after-sales services. (ii) Results of operations by segment There have been no significant changes to the nature of the businesses conducted by the Group during the current consolidated cumulative first quarter. Changes in affiliated companies are as follows: Effective from the current consolidated cumulative first quarter, SANWA Co., Ltd., a manufacturer and distributor of air compressors, was acquired through a share purchase and has therefore been included within the scope of consolidation. For further details, refer to "2. Quarterly consolidated financial statements and main notes- (3) Notes on quarterly consolidated financial statements - (Business combinations)". Results of operations by regional segment, which our Group adopts, are as described below. In addition, the Group revised its reporting segment classifications starting from the current consolidated cumulative first quarter. For details, refer to (Segment information, etc.) in "2. Quarterly consolidated financial statements and main notes - (3) Notes on quarterly consolidated financial statements." Japan and Asia Net sales stood at 7,338 million yen (up 17.3% from the same consolidated cumulative quarter of the previous fiscal year), and segment profit stood at 828 million yen (up 98.2%). The increase in profit was mainly due to an increase in gross profit resulting from an improvement in the cost-to-sales ratio in Japan. In the air compressor field, in Japan, sales of small-sized and medium-sized air compressors increased, mainly due to an improvement in industry conditions compared with the previous fiscal year. In the vacuum equipment field, sales increased as the shipments of vacuum pumps to semiconductor manufacturing- related equipment manufacturers in Japan and Taiwan remained strong. In the coating equipment field, sales remained flat year-on-year, primarily in Japan, as the industry continued to face uncertainty and disruption due to shortages of paint and thinner caused by the situation in the Middle East. In the coating systems field, sales increased because the deliveries of the order backlog carried over from the beginning of the fiscal year were completed, resulting in higher sales of coating systems projects and environmental equipment.
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3 Europe, Australia and Africa Net sales stood at 3,337 million yen (up 23.3% from the same consolidated cumulative quarter of the previous fiscal year) and segment profit stood at 438 million yen (up 81.3%). The increase in segment profit was mainly due to higher sales of high-margin spray guns and oil -free air compressors in Europe, as well as due to the absence of expenses related to the sale of business sites that had been incurred in the previous fiscal year. In the air compressor field, sales of oil-free scroll air compressors increased as the demand from OEM customers continued to grow. In addition, the Company is actively expanding its OEM customer base into new industries. In the coating equipment field, sales increased due to continued strong sales of spray guns for the car repair market. Americas and India Net sales stood at 2,924 million yen (up 16.4% from the same consolidated cumulative quarter of the previous fiscal year), and segment profit stood at 400 million yen (up 40.5%). The increase in segment profit was primarily driven by factors such as increased sales of high-margin oil-free air compressors. In the air compressor field, sales increased due to growth in oil-free air compressors in the U.S. and air compressors for the general-purpose market in India. In the vacuum equipment field, sales in the U .S. were flat compared to the same period of the previous year, but inquiries for vacuum pumps for research and development, including in the aerospace field, increased. In the coating equipment field, sales in the U.S. declined because the restructuring of the spray guns sales system, which began in the second half of the previous fiscal year, did not yield the expected results. Meanwhile, overall sales increased due to expanding sales of spray guns for the automotive manufacturing market in India. China and ASEAN Net sales stood at 2,913 million yen (up 4.2% from the same consolidated cumulative quarter of the previous fiscal year), and segment profit stood at 134 million yen (up 56.3%). The increase in segment profit was primarily driven by factors such as higher sales of high-margin spray guns and an increased ratio of direct sales in China. In the air compressor field, sales decreased due to stagnation in domestic sales caused by the economic downturn in China, as well as a contraction in export sales affected by some shipment delays. In the vacuum equipment field, sales of vacuum pumps increased through the acquisition of new customers, particularly equipment manufacturers in the research and development field. In the coating equipment field, sales increased as the shipments of spray guns for the car repair market in China continued to grow. In the coating systems field, sales increased due to the deliveries of coating system projects for automotive parts manufacturers in Southeast Asia. Others Net sales stood at 142 million yen (down 3.9% from the same consolidated cumulative quarter of the previous fiscal year), and segment loss stood at 34 million yen (segment loss was 25 million yen in the same consolidated cumulative quarter of the previous fiscal year). Segment loss was primarily attributable to investments in developing new business opportunities in the Philippines. In the Other Business field, the Mobility After -Sales Service Business, which primarily involves the operation of automotive body repair shops, continued to deliver steady results. (iii) Analysis of financial condition For assets, our current assets stood at 47,374 million yen (down 0.3% from the previous consolidated fiscal year). This was mainly due to an increase of 1,041 million yen in "Securities," while "Cash and deposits" decreased by 4,022 million yen. Our non-current assets stood at 27,807 million yen (up 2.5%). This was mainly because of an increase of 506 million yen in "Goodwill." As a result, our total assets stood at 75,181 million yen (up 0.7%). For liabilities, our current liabilities stood at 15,230 million yen (up 11.3%). This was mainly due to a n increase of 981 million yen in dividends payable included in “Other.” Our non-current liabilities stood at 3,659 million yen (up 7.0%). This was mainly due to a n increase of 68 million yen in “ Retirement benefit liability.” As a result, our total liabilities stood at 18,890 million yen (up 10.5%). Our net assets stood at 56,291 million yen (down 2.2%). This was mainly due to a decrease of 608 million yen in “Non-controlling interests.” Our equity capital, which is calculated by subtracting the non-controlling interests from the net assets, stood at 50,103 million yen, decreasing our equity ratio by 1.4 percentage points to 66.6%, from 68.0% at the end of the previous consolidated fiscal year.
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4 (iv) Production results (Amount: million yen) Reporting segment Japan and Asia Europe, Australia and Africa Americas and India China and ASEAN Others Total Three months ended June 30, 2026 6,346 1,226 992 2,431 ― 10,997 Three months ended June 30, 2025 5,456 933 1,099 1,824 ― 9,312 (Note) The increase recorded in the Americas was mainly due to the increase in production of coating equipment and air compressors. (v) Orders received and order backlog (Amount: million yen) Reporting segment Japan and Asia Europe, Australia and Africa Americas and India China and ASEAN Others Total Orders received in the current consolidated cumulative first quarter 689 ― 114 281 ― 1,086 Order backlog in the current consolidated cumulative first quarter 1,725 ― 197 958 ― 2,882 Orders received in the previous consolidated cumulative first quarter 320 ― 408 121 ― 851 Order backlog in the previous consolidated cumulative first quarter 1,819 ― 428 408 ― 2,656 (Notes) 1. These orders received and order backlog are for coating system products. Orders received and order backlog are not subject to management because of the short time from order to sale, except for coating system products. 2. The increase in orders received in Japan and Asia was primarily due to securing equipment projects related to automotive parts manufacturing in Japan. 3. The decrease in orders received and order backlog in the Americas and India is primarily attributable to the fact that, particularly in India, the Company was unable to secure automotive manufacturing -related large- scale projects in India comparable in siz e to those secured in the previous fiscal year, as well as due to the completion of deliveries for those projects. 4. The increase in the order backlog in China and ASEAN was primarily due to the acquisition of equipment projects associated with automobile manufacturing. (2) Explanation for the information on future prospects including the expected consolidated results of operations The earnings forecast for the fiscal year ending March 2027 has been revised from the forecast announced on May 12, 2026. For details, please refer to the " Notice Concerning Revisions to Consolidated Financial Results Forecasts for the First Half and Full -Year of the Fiscal Year Ending March 2027 " published on August 10, 2026. There has been no change to the dividend forecast for the fiscal year ending March 2027 from that announced on May 12, 2026.
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5 2. Quarterly consolidated financial statements and main notes (1) Quarterly consolidated balance sheet (Amount: million yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 20,749 16,726 Notes and accounts receivable-trade 11,912 11,779 Securities 1,009 2,051 Merchandise and finished goods 7,172 7,442 Work in process 1,246 1,528 Raw materials and supplies 4,218 5,128 Other 2,187 3,743 Allowance for doubtful accounts (988) (1,024) Total current assets 47,507 47,374 Non-current assets Property, plant and equipment Buildings and structures, net 7,247 7,483 Other, net 9,356 9,507 Total property, plant and equipment 16,603 16,991 Intangible assets Goodwill 418 924 Other 2,504 2,530 Total intangible assets 2,922 3,454 Investments and other assets Investment securities 5,181 4,628 Other 2,437 2,874 Allowance for doubtful accounts (10) (141) Total investments and other assets 7,608 7,360 Total non-current assets 27,133 27,807 Total assets 74,641 75,181
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6 (Amount: million yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable-trade 6,153 6,528 Short-term borrowings 929 1,083 Income taxes payable 852 422 Provision for bonuses 1,035 526 Other provisions 316 253 Other 4,390 6,415 Total current liabilities 13,677 15,230 Non-current liabilities Retirement benefit liability 1,115 1,183 Provision for share awards for directors (and other officers) 233 245 Other 2,072 2,231 Total non-current liabilities 3,420 3,659 Total liabilities 17,098 18,890 Net assets Shareholders' equity Share capital 3,354 3,354 Capital surplus 1,031 1,032 Retained earnings 42,572 41,888 Treasury shares (2,649) (2,975) Total shareholders' equity 44,308 43,299 Accumulated other comprehensive income Valuation difference on available-for-sale securities 686 779 Foreign currency translation adjustment 5,463 5,755 Remeasurements of defined benefit plans 287 268 Total accumulated other comprehensive income 6,437 6,803 Non-controlling interests 6,796 6,188 Total net assets 57,542 56,291 Total liabilities and net assets 74,641 75,181
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7 (2) Quarterly consolidated statement of income and comprehensive income Quarterly consolidated statement of income Consolidated cumulative first quarter (Amount: million yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 12,088 13,700 Cost of sales 6,275 7,163 Gross profit 5,813 6,537 Selling, general and administrative expenses 4,884 5,302 Operating profit 929 1,234 Non-operating income Interest and dividend income 73 101 Foreign exchange gains 6 149 Share of profit of entities accounted for using equity method 283 264 Other 49 38 Total non-operating income 412 553 Non-operating expenses Interest expenses 22 15 Other 4 9 Total non-operating expenses 26 24 Ordinary profit 1,315 1,763 Extraordinary income Gain on sale of non-current assets 2 0 Compensation income ― 61 Other ― 1 Total extraordinary income 2 63 Extraordinary losses Loss on sale and retirement of non-current assets 2 0 Provision of allowance for doubtful accounts ― *132 Total extraordinary losses 2 133 Profit before income taxes 1,314 1,693 Income taxes - current 265 425 Income taxes - deferred (29) (98) Total income taxes 235 327 Profit 1,079 1,366 Profit attributable to non-controlling interests 183 228 Profit attributable to owners of parent 895 1,137
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8 Quarterly consolidated statement of comprehensive income Consolidated cumulative first quarter (Amount: million yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 1,079 1,366 Other comprehensive income Valuation difference on available-for-sale securities 49 93 Foreign currency translation adjustment (1,157) 409 Remeasurements of defined benefit plans, net of tax (10) (18) Share of other comprehensive income of entities accounted for using equity method (97) 33 Total other comprehensive income (1,216) 517 Comprehensive income (137) 1,883 Comprehensive income attributable to Comprehensive income attributable to owners of parent 10 1,503 Comprehensive income attributable to non -controlling interests (148) 379
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9 (3) Notes on quarterly consolidated financial statements (Notes on the premise of a going concern) There are no relevant matters. (Notes relating to cases in which there are significant changes in the amount of shareholders' equity) There are no relevant matters. (Changes in scope of consolidation and application of the equity method) (Significant changes in the scope of consolidation) Effective from the current consolidated fiscal first quarter, SANWA Co., Ltd. was acquired as a subsidiary through a share purchase and has therefore been included in the scope of consolidation. (Additional information) (Performance-based stock compensation plan for directors and corporate officers) In accordance with a resolution at the 73rd ordinary general shareholders' meeting, held on June 25, 2019, we have introduced a performance -based stock compensation plan, "Board Benefit Trust (BBT)" (referred to as "this plan" in the remainder of this docu ment), targeted at our directors (excluding audit and supervisory committee members and independent directors) and corporate officers who do not concurrently serve as directors (referred to collectively as "directors and others"), for the purposes of impro ving mid - to long -term results of operations, increasing our corporate value, and promoting management awareness that puts shareholders first. (1) Overview of this plan This plan is a performance -based stock compensation plan whereby the trust established by us (the trust established in accordance with this plan is referred to as "this trust" in the remainder of this document) acquires Company shares by using the money co ntributed by us as a fund and through this trust, Company shares and money equivalent to the amount of money resulting from translating Company shares at market value (referred to collectively as "Company shares, etc." in the remainder of this document) to directors and others according to the rules for granting shares. The time at which directors and others can be granted Company shares, etc. is, in principle, the time at which the directors and others retire. (2) Company shares that remain in the trust Company shares that remain in the trust are recorded as treasury shares in Net assets at the book value (excluding the amount of money of incidental costs) in the trust. At the end of the previous consolidated fiscal year, the book price of the treasury sh ares is 231 million yen, and the number of shares is 202,800. At the end of the current consolidated fiscal first quarter, the book price of the treasury shares is 216 million yen, and the number of shares is 189,600. (Related to quarterly consolidated balance sheet) Notes receivable endorsed As of March 31, 2026 As of June 30, 2026 1,065 million yen 1,059 million yen (Related to quarterly consolidated statement of income) * Provision of allowance for doubtful accounts Three months ended June 30, 2026 The provision relates to fraudulent activities at an overseas subsidiary. (Notes on quarterly consolidated statement of cash flows) Quarterly consolidated statement of cash flows for the current consolidated cumulative first quarter has not been prepared. Depreciation (includes amortization related to intangible assets excluding goodwill) and amortization of goodwill for the first quarter consolidated cumulative period are as follows. Three months ended June 30, 2025 Three months ended June 30, 2026 Depreciation 551 million yen 568 million yen Amortization of goodwill 46 million yen 49 million yen
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10 (Related to shareholders' equity, etc.) Three months ended June 30, 2025 1. Dividends paid Resolution Class of shares Total amount of dividends (million yen) Dividend per share (yen) Record date Effective date Source of dividend June 25, 2025 Ordinary general shareholders’ meeting Common shares 910 23.0 March 31, 2025 June 26, 2025 Retained earnings (Note) The total amount of dividends includes the dividend of 5 million yen for the Company shares owned by the "Board Benefit Trust (BBT)." 2. Of the dividends whose record date belongs to the three months ended June 30, 2025, the effective date of the dividend is after June 30, 2025 There are no relevant matters. Three months ended June 30, 2026 1. Dividends paid Resolution Class of shares Total amount of dividends (million yen) Dividend per share (yen) Record date Effective date Source of dividend June 25, 2026 Ordinary general shareholders’ meeting Common shares 1,821 46.0 March 31, 2026 June 26, 2026 Retained earnings (Note) The total amount of dividends includes the dividend of 9 million yen for the Company shares owned by the "Board Benefit Trust (BBT)." 2. Of the dividends whose record date belongs to the three months ended June 30, 2026, the effective date of the dividend is after June 30, 2026 There are no relevant matters.
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11 (Related to Business combinations) (Business combinations by acquisition) At the provisional meeting of the Board of Directors held on April 28, 2026, our company resolved to acquire all shares of SANWA Co., Ltd., a manufacturer and distributor of compressors, and subsequently executed a share transfer agreement effective May 1, 2026. 1. Overview of the business combination (1) Name of the acquired company and the business description Name of acquired company: SANWA Co., Ltd. Principal business description: Manufacture and sale of compressors (2) Main reasons for the business combination To drive business growth in the high-pressure and gas compressor business (3) Date of business combination June 30, 2026 (4) Legal form of the business combination Acquisition of shares for cash consideration (5) Name of the entity after the business combination There are no changes. (6) Percentage of voting rights acquired 100％ (7) Principal basis for determining the acquiring company This is because the Company acquired the shares in exchange for cash consideration. 2. Period for which the acquired company's results are included in the consolidated financial statements Since only the balance sheet was consolidated for the current consolidated cumulative first quarter, the acquired company's results are not included. 3. Acquisition cost of the acquired company and breakdown by type of consideration Consideration for acquisition Cash 1,228 million yen Acquisition cost 1,228 million yen 4. Major acquisition-related costs and the amount thereof Compensation and fees paid to advisors 95 million yen 5. Amount of goodwill recognized, reason for recognition, amortization method, and amortization period (1) Amount of goodwill recognized 543 million yen (2) Reason for recognition It is attributable to the expected excess earning power from future business development. (3) Amortization method and amortization period Uniform amortization over 10 years 6. Amount of assets acquired and liabilities assumed as of the business combination date and the principal components thereof Current assets 859 million yen Non-current assets 449 million yen Total assets 1,309 million yen Current liabilities 472 million yen Non-current liabilities 152 million yen Total liabilities 624 million yen
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12 (Segment information, etc.) [Segment information] I Three months ended June 30, 2025 1. Information about the amounts of net sales and profit in each report ing segment and information about the disaggregation of revenue (Amount: million yen) Reporting segment Others (Note) Total Japan and Asia Europe, Australia and Africa Americas and India China and ASEAN Total Net sales Revenue from contracts with customers 4,379 2,645 2,360 2,576 11,961 126 12,088 Sales to external customers 4,379 2,645 2,360 2,576 11,961 126 12,088 Internal sales or transfers between segments 1,876 60 151 218 2,307 21 2,328 Total 6,255 2,706 2,512 2,795 14,269 148 14,417 Segment profit 418 241 285 85 1,030 (25) 1,005 (Note) The “Others” category comprises the business activities of certain subsidiaries that are not included in the reportable segments. 2. Difference between the total amounts of profit of the report ing segments and the amount reported in the quarterly consolidated statement of income , as well as the main items of the difference (matters related to difference adjustment) (Amount: million yen) Profit Amount Reporting segment total 1,030 Profit in the “Others” category (25) Company-wide expenses (Note) (241) Inter-segment transactions erased 165 Operating profit in the quarterly consolidated statement of income 929 (Note) Company-wide expenses are mainly selling, general and administrative expenses that cannot be attributed to the reporting segments. II Three months ended June 30, 2026 1. Information about the amounts of net sales and profit in each report ing segment and information about the disaggregation of revenue (Amount: million yen) Reporting segment Others (Note) Total Japan and Asia Europe, Australia and Africa Americas and India China and ASEAN Total Net sales Revenue from contracts with customers 4,959 3,198 2,775 2,634 13,567 133 13,700 Sales to external customers 4,959 3,198 2,775 2,634 13,567 133 13,700 Internal sales or transfers between segments 2,379 139 149 279 2,947 9 2,957 Total 7,338 3,337 2,924 2,913 16,515 142 16,657 Segment profit 828 438 400 134 1,801 (34) 1,766 (Note) The “Others” category comprises the business activities of certain subsidiaries that are not included in the reportable segments.
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13 2. Difference between the total amounts of profit of the report ing segments and the amount reported in the quarterly consolidated statement of income, as well as the main items of the difference (matters related to difference adjustment) (Amount: million yen) Profit Amount Reporting segment total 1,801 Profit in the “Others” category (34) Company-wide expenses (Note) (219) Inter-segment transactions erased (312) Operating profit in the quarterly consolidated statement of income 1,234 (Note) Company-wide expenses are mainly selling, general and administrative expenses that cannot be attributed to the reporting segments. 3. Matters relating to changes in reporting segments, etc. Starting from the current consolidated cumulative first quarter, the Group has changed its reporting segments from the previous categories of ["Japan," "Europe," "Americas," "China," and "Other"] to ["Japan and Asia," "Europe, Australia and Africa," "Americas and India," and "China and ASEAN"]. This change in reporting segment classifications was made in conjunction with the implementation of an organizational restructuring aimed at establishing a cross -functional professional management structure through t he introduction of the CxO system, strengthening global governance and enhancing market responsiveness through the delegation of authority to each region and the expansion of regional management functions, and improving organizational efficiency through the integration of overlapping functions and the clarification of roles and responsibilities. As a result, business activities such as the Consumer Business and the Mobility After-Sales Service Business, which were previously included in the "Japan" segment, have been reclassified into the "Others" segment. Furthermore, regarding the business activities of local subsidiaries previously classified under "Other," Taiwan and South Korea have been reclassified to "Japan & Asia," Australia and South Africa to "Europe, Australia & Africa," India to "Americas & India," and Thailand, Vietnam, and Indonesia to "China & ASEAN." In addition, the Company has changed its allocation method by allocating a portion of corporate expenses to each reporting segment, which had previously not been allocated to reporting segments. Segment information for the previous consolidated cumulative first quarter has been presented based on the revised segment classifications. 4. Information on impairment losses on non-current assets or goodwill by reporting segment (Significant changes in the amount of goodwill) In the "Japan and Asia" segment, SANWA Co., Ltd. was acquired as a subsidiary through a share purchase effective from the current consolidated cumulative first quarter and has therefore been included in the scope of consolidation. The increase in goodwill resulting from this transaction amounts to 543 million yen.
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14 (Related to revenue recognition) Information that breaks down revenue from contracts with customers is presented in "Notes (Segment information, etc.)." (Per share information) Basic earnings per share and calculation basis are as follows. Item Three months ended June 30, 2025 Three months ended June 30, 2026 Basic earnings per share 22.77 yen 28.92 yen (Basis for calculation) Profit attributable to owners of parent (million yen) 895 1,137 Amount not attributable to common shareholders (million yen) ― ― Profit attributable to owners of parent related to common shares (million yen) 895 1,137 Average number of common shares outstanding in the period (shares) 39,343,616 39,324,326 (Notes) 1. Diluted earnings per share is not stated because there are no diluted shares. 2. The shares of the Company remaining in the "Board Benefit Trust (BBT)," which are recorded as treasury shares in shareholders' equity, are included in the treasury shares deducted when calculating the average number of shares outstanding in the period for the calculation of basic earnings per share (245,400 shares in the previous consolidated cumulative first quarter, 192,900 shares in the current consolidated cumulative first quarter). (Important subsequent events) There are no relevant matters. (4) Others There are no relevant matters.
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15 (English Translation) Independent Auditor's Interim Review Report on Quarterly Consolidated Financial Statements August 10, 2026 To the Board of Directors of ANEST IWATA Corporation Fujimi Audit Corporation Tokyo Office Designated and Engagement Partner Certified Public Accountant: Miho Toriumi Designated and Engagement Partner Certified Public Accountant: Masao Bessho Auditor's Conclusion We conducted an interim review of the quarterly consolidated financial statements of ANEST IWATA Corporation (“the Company”) for the first quarter of the consolidated accounting period (April 1, 2026 to June 30, 2026) and the first quarter of the consolidated cumulative period (April 1, 2026 to June 30, 2026) of the consolidated fiscal year from April 1, 2026 to March 31, 2027, which are listed in the "Attachment" of the quarterly financial results summary, i.e., the quarterly consolidated balance sheet, quarterly consolidated statement of income, quarterly consolidated statement of comprehensive income, and notes. In the interim review conducted by our audit firm, we found no matters that would lead one to believe that the above quarterly consolidated financial statements were not prepared in any material respect in accordance with Article 4, Paragraph 1 of the Tokyo Stock Exchange , Inc.'s standards for preparation of quarterly financial statements, etc. and accounting standards generally accepted in Japan for interim consolidated financial statements (however, the omissions of statements set forth in Article 4, Paragraph 2 of the standards for preparation of quarterly financial statements, etc. are applied). Basis of Auditor’s Conclusions We conducted our interim review in accordance with the interim review standards generally accepted in Japan. Our responsibilities under the interim review standards are described in "Responsibility of the Auditor in the Interim Review of the Quarterly Consolidated Financial Statements." We are independent from the Company and its consolidated subsidiaries in accordance with professional ethics standards in Japan, including those applicable to audits of entities of signif icant social importance, and have fulfilled other ethical responsibilities as auditors. We believe that the evidence we have obtained provides a basis for our conclusions. Responsibility of Management and the Audit and Supervisory Committee for Quarterly Consolidated Financial Statements The responsibility of management is to prepare the quarterly consolidated financial statements in accordance with Article 4, Paragraph 1 of the Tokyo Stock Exchange, Inc.'s standards for preparation of quarterly financial statements, etc. and accounting standards generally accepted in Japan for interim consolidated financial statements (however, the omissions of statements set forth in Article 4, Paragraph 2 of the standards for preparation of quarterly financial statements, etc. are applied). This includes establishing and operating such internal control deemed necessary by management to enable the preparation and fair presentation of the quarterly consolidated financial statements that are free from hypocritical representations due to fraud or error. When preparing quarterly consolidated financial statements, the management is responsible for evaluating whether it is appropriate to prepare quarterly consolidated financial statements based on the premise of a going concern, and disclosing matters related to the going concern if necessary based on Article 4, Paragraph 1 of the Tokyo Stock Exchange, Inc. standards for preparation of quarterly financial statements, etc. and accounting standards generally accepted in Japan for interim consolidated financial statements (however, the omissions of statements set forth in Article 4, Paragraph 2 of the standards for preparation of quarterly financial statements, etc. are applied). The responsibility of the Audit and Supervisory Committee is to monitor the execution of duties by directors in the development and operation of the financial reporting process. Responsibility of the Auditor in the Interim Review of the Quarterly Consolidated Financial Statements The responsibility of the auditor is to express a conclusion on the quarterly consolidated financial statements from an independent standpoint in the interim review report based on the interim review conducted by the auditor. The auditor shall exercise professional judgment and maintain professional skepticism when implementing the following
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16 throughout the course of the interim review in accordance with the interim review standards generally accepted in Japan. The auditor shall primarily conduct interviews with the management and the persons responsible for the matters concerning finance and accounting, etc., analytical procedures and other interim review procedures. The interim review procedure is more limited than the annual financial statement audit conducted in accordance with auditing standards generally accepted in Japan. If it is determined that there is significant uncertainty regarding events or circumstances that may cast significant doubt o n matters related to the premise of a going concern, a conclusion is made based on the evidence obtained as to whether there are any matters that would lead one to believe that the quarterly consolidated financial statements are not prepared in accordance with Article 4, Paragraph 1 of the Tok yo Stock Exchange , Inc. standards for preparation of quarterly financial statements, etc. and accounting standards generally accepted in Japan for interim consolidated financial statements (however, the omission of statements set forth in Article 4, Paragraph 2 of the standards for preparation of quarterly financial statements, etc. is applied). In addition, in cases where significant uncertainty regarding the premise of a going concern is found, the interim review report shall draw attention towards the notes in the quarterly consolidated financial statements, and in cases where the notes in the q uarterly consolidated financial statements regarding significant uncertainty are not appropriate, the quarterly consolidated financial statements are required to express a qualified conclusion or a negative conclusion. Although the auditor's conclusions ar e based on evidence available up to the date of the interim review report, future events or circumstances may prevent the entity to cease to exist as a going concern. The auditor shall evaluate whether there are any matters that would lead one to believe that the presentation of the quarterly consolidated financial statements and notes have not been prepared in accordance with Article 4, Paragraph 1 of the Tokyo Stock Exchange, Inc.'s standards for preparation of quarterly financial statements, etc. and the accounting standards generally accepted in Japan for interim consolidated financial statements (however, the omissions of statements set forth in Article 4, Paragraph 2 of the standards for preparation of quarterly financial statements, etc. are applied). To express a conclusion on the quarterly consolidated financial statements, we obtain evidence regarding the financial information of the Company and its consolidated subsidiaries. We are responsible for directing, supervising, and performing the interim review of the quarterly consolidated financial statements. We assume sole responsibility for our conclusion. The auditor shall report to the Audit and Supervisory Committee on the scope of the planned interim review, the timing of its implementation, and important findings of the interim review. The auditor shall report to the Audit and Supervisory Committee that the auditor has complied with Japan's code of professional ethics regarding independence as well as on matters reasonably believed to affect the independence of the auditor and any measures taken to eliminate disincentives or safeguards applied to reduce disincentives to an acceptable level. Conflict of Interests There is no interest that should be noted pursuant to the provisions of the Certified Public Accountant Act between the Company or its consolidated subsidiaries and our audit firm or between the Company or its consolidated subsidiaries and the engagement partners. Regards (Notes) 1. The original of the above interim review report is kept separately by the Company (the company disclosing quarterly financial results summary). 2. XBRL data and HTML data are not included in the scope of the interim review.