Interim report
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Note : This document has been translated from a part of the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . HOCHIKI Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) HOCHIKI CORPORATION Accounting ndards Fo FASF MEMBERSHIP August 5 , 2026 Company name : Tokyo Stock Exchange https://www.hochiki.co.jp/ Hajime Hosoi , Representative Director , President and CEO Listed exchange : Securities code : 6745 URL : Representative : Inquiries : Telephone : Yasuharu Kobayashi , Representative Director , Senior Managing Executive Officer and General Manager of Business Administrative Division + 81-3-3444-4111 Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Yes Holding of financial results briefing : None ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Profit attributable to Net sales Operating profit Ordinary profit owners of parent Three months ended June 30 , 2026 Millions of yen 23,833 % 6.6 Millions of yen 1,519 % 41.4 Millions of yen 1,652 % Millions of yen % 54.4 1,180 47.5 June 30 , 2025 22,362 7.1 1,074 115.5 1,069 21.6 800 40.9 Note : Comprehensive income For the three months ended June 30 , 2026 : 1,503 million yen [ 29.1 % ] For the three months ended June 30 , 2025 : 1,164 million yen [ ( 8.2 ) % ] Three months ended June 30 , 2026 Basic earnings per share Diluted earnings per share Yen 15.83 10.73 Yen June 30 , 2025 Note : The Company effected a 3 - for - 1 stock split for every one share of common stock on April 1 , 2026. Basic earnings per share has been calculated assuming that the stock split was implemented at the beginning of the previous fiscal year . ( 2 ) Consolidated financial position Ratio of equity capital Total assets Net assets Net assets per share to total assets Millions of yen Millions of yen % Yen 91,805 97,936 67,933 68,469 74.0 910.07 69.8 916.87 67,896 million yen As of June 30 , 2026 March 31 , 2026 Reference : Equity capital As of June 30 , 2026 : As of March 31 , 2026 : 68,403 million yen Note : The Company effected a 3 - for - 1 stock split for every one share of common stock on April 1 , 2026. Net assets per share has been calculated assuming that the stock split was implemented at the beginning of the previous fiscal year . - 1 -
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- 2 - 2. Cash Dividends 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 March 31, 2026 - 40.00 - 80.00 120.00 Fiscal year ending March 31, 2027 - Fiscal year ending March 31, 2027 (Forecast) 20.00 - 20.00 40.00 Notes: 1. Change in the dividend forecast from the most recent announcement: None 2. The Company effected a 3-for-1 stock split for every one share of common stock on April 1, 2026. For the fiscal year ended March 31, 2026, the actual amounts of cash dividends before the stock split are presented. For the fiscal year ending March 31, 2027 (forecast), figures are presented on a post-split basis. 3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2027 (from April 1, 2026 to March 31, 2027) (Percentages for the full year and for the second quarter consolidated cumulative period indicate the change over the previous year and the change over the same quarter of the previous year, respectively.) 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 Second quarter consolidated cumulative period 50,000 2.9 4,400 2.2 4,400 0.6 3,100 2.8 41.55 Full year 110,000 3.9 12,300 1.9 12,500 1.3 9,000 (4.0) 120.64 Note: Change in the earnings forecast from the most recent announcement: None
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- 3 - * Notes (1) Significant changes in the scope of consolidation during the period: None Newly included: - companies (Company name) Excluded: - companies (Company name) (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (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 other than (i) above: 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 79,200,000 shares As of March 31, 2026 79,200,000 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 4,594,871 shares As of March 31, 2026 4,594,821 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 74,605,129 shares Three months ended June 30, 2025 74,605,236 shares Note: The Company effected a 3-for-1 stock split for every one share of common stock on April 1, 2026. The total number of issued shares at the end of the period (including treasury shares), the number of treasury shares at the end of the period, and the average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) have been calculated assuming that the stock split was implemented at the beginning of the previous fiscal year. * Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: None * Proper use of forecasts of financial results, and other special matters The forward-looking statements including forecasts of financial results described herein are prepared based on information currently available to HOCHIKI CORPORATION (the “Company”) as of the release date of this document and certain assumptions that the Company regards as reasonable. Actual results may differ significantly from these forecasts due to various factors. As for notes regarding key assumptions for the forecasts of financial results and use of the forecasts of financial results, please refer to “1. Overview of Operating Results and Financial Position, (3) Explanation of Forward-looking Information Such As Consolidated Earnings Forecasts” on page 5 of the Attachment to this document.
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- 4 - 1. Overview of Operating Results and Financial Position (1) Overview of Operating Results for the Three Months Ended June 30, 2026 During the three months ended June 30, 2026, while the Japanese economy experienced a moderate recovery trend against the backdrop of factors such as improvement in employment and income environments, an uncertain outlook has continued to prevail, including the impact of U.S. tariff policy on the world economy, the geopolitical risks in Ukraine and the Middle East, fluctuations in energy and raw material prices, and rising logistics costs. The fire prevention and security system industries continue to face the risks that have a negative impact on earnings through upward pressure on costs, such as ongoing increases in material and energy prices and persistently high logistics costs. Under these circumstances, the Group has implemented measures based on its Medium- to Long- Term Management Plan “GLOBAL VISION 2030,” such as investing in development and digital transformation and enhancing recruitment efforts, while also working to improve profitability by optimizing its business portfolio . In the Domestic Business, refurbishment/retrofit and maintenance services progressed smoothly. In the Overseas Business, overall, earnings remained strong, as system sales grew in the North American region and earnings in the European region were also solid. As a result, orders received increased to 37,729 million yen (up 9.5% year on year) and net sales increased to 23,833 million yen (up 6.6% year on year). As for profit, due to an increase in the sales of highly profitable refurbishment/retrofit and maintenance services, as well as the promotion of order-taking activities conscious of profitability, the Group recorded an operating profit of 1,519 million yen (up 41.4% year on year), an ordinary profit of 1,652 million yen (up 54.4% year on year), and a profit attributable to owners of parent of 1,180 million yen (up 47.5% year on year), which all showed a significant increase from the previous fiscal year. The overview of each segment is as follows: (Fire Alarm Systems) Orders received were 23,377 million yen (up 19.7% year on year), net sales were 15,323 million yen (up 9.1% year on year) and segment profit (operating profit) amounted to 2,009 million yen (up 49.3% year on year) due to growth in refurbishment/retrofit installations in the Domestic Business and also growth in the Overseas Business. (Maintenance) Orders received were 10,110 million yen (down 0.4% year on year), net sales were 4,475 million yen (up 6.3% year on year) and segment profit (operating profit) amounted to 807 million yen (up 17.6% year on year) as a result of efforts to improve the profitability of maintenance and inspection agreements and promote order-taking activities for improvement work. (Fire Extinguishing Systems) Orders received were 1,735 million yen ( down 37.5% year on year) , net sales were 2,383 million yen ( down 15.3% year on year), and segment profit (operating profit) amounted to 292 million yen (down 43.5% year on year) due to longer construction periods of large-scale projects and changes in the order receipt cycle. (Security Systems) Orders received were 2,506 million yen (up 25.0% year on year), net sales were 1,651 million yen (up 27.8% year on year) and segment profit (operating profit) amounted to 229 million yen (up 458.9% year on year) as a result of sales activities conducted mainly for access control systems by leveraging the customer base of the Fire Alarm Systems Business, as well as enhanced promotion of equipment sales to retailers.
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- 5 - (2) Overview of Financial Position for the Three Months Ended June 30, 2026 (Current assets) The balance of current assets as of June 30, 2026 amounted to 66,523 million yen, a decrease of 6,198 million yen compared to the balance as of the end of the previous fiscal year. This is mainly due to a de crease in notes and accounts receivable - trade, and contract assets. (Non-current assets) The balance of non-current assets as of June 30, 2026 amounted to 25,282 million yen, an increase of 68 million yen compared to the balance as of the end of the previous fiscal year. This is mainly due to an increase in software included in other in intangible assets. (Current liabilities) The balance of current liabilities as of June 30, 2026 amounted to 16,612 million yen, a decrease of 5,548 million yen compared to the balance as of the end of the previous fiscal year. This is mainly due to a decrease in accounts payable - other included in other. (Non-current liabilities) The balance of non-current liabilities as of June 30, 2026 amounted to 7,259 million yen, a decrease of 46 million yen compared to the balance as of the end of the previous fiscal year. This is mainly due to a decrease in lease liabilities included in other. (Net assets) The balance of net assets as of June 30, 2026 amounted to 67,933 million yen, a decrease of 535 million yen compared to the balance as of the end of the previous fiscal year. This is mainly due to a decrease in retained earnings. (3) Explanation of Forward-looking Information Such As Consolidated Earnings Forecasts No revision was made to the earnings forecast for the six months ending September 30, 2026 and the fiscal year ending March 31, 2027, announced on May 8, 2026. A prompt announcement will be made if it is determined the forecasts of financial results need revising.
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- 6 - 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 27,966 26,479 Notes and accounts receivable - trade, and contract assets 24,828 19,283 Electronically recorded monetary claims - operating 3,430 3,443 Finished goods 7,018 7,775 Work in process 1,656 1,662 Raw materials 6,509 6,621 Other 1,400 1,345 Allowance for doubtful accounts (89) (86) Total current assets 72,721 66,523 Non-current assets Property, plant and equipment Land 4,385 4,394 Other, net 8,457 8,621 Total property, plant and equipment 12,842 13,015 Intangible assets Goodwill 93 86 Other 1,374 1,421 Total intangible assets 1,467 1,508 Investments and other assets Other 11,026 10,881 Allowance for doubtful accounts (122) (122) Total investments and other assets 10,904 10,758 Total non-current assets 25,214 25,282 Total assets 97,936 91,805 Liabilities Current liabilities Notes and accounts payable - trade 4,186 3,923 Electronically recorded obligations - operating 1,597 1,366 Income taxes payable 2,348 286 Provision for bonuses for directors (and other officers) 118 - Provision for loss on construction contracts 109 100 Provision for product compensation 360 358 Other 13,441 10,577 Total current liabilities 22,160 16,612 Non-current liabilities Provision for retirement benefits for directors (and other officers) 6 2 Provision for share awards for directors (and other officers) 291 303 Retirement benefit liability 5,028 5,006 Other 1,980 1,946 Total non-current liabilities 7,306 7,259 Total liabilities 29,467 23,872
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- 7 - (Millions of yen) As of March 31, 2026 As of June 30, 2026 Net assets Shareholders’ equity Share capital 3,798 3,798 Capital surplus 2,700 2,695 Retained earnings 56,775 55,949 Treasury shares (1,835) (1,835) Total shareholders’ equity 61,438 60,607 Accumulated other comprehensive income Valuation difference on available-for-sale securities 3,068 3,089 Revaluation reserve for land (662) (662) Foreign currency translation adjustment 2,938 3,211 Remeasurements of defined benefit plans 1,621 1,649 Total accumulated other comprehensive income 6,964 7,288 Non-controlling interests 66 37 Total net assets 68,469 67,933 Total liabilities and net assets 97,936 91,805
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- 8 - (2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income Quarterly Consolidated Statement of Income Three months ended June 30, 2025 and 2026 (Millions of yen) Three months ended June 30, 2025 (From April 1, 2025 to June 30, 2025) Three months ended June 30, 2026 (From April 1, 2026 to June 30, 2026) Net sales 22,362 23,833 Cost of sales 14,251 14,521 Gross profit 8,110 9,312 Selling, general and administrative expenses 7,035 7,792 Operating profit 1,074 1,519 Non-operating income Interest income 15 19 Dividend income 63 74 Foreign exchange gains - 58 Other 24 31 Total non-operating income 103 185 Non-operating expenses Interest expenses 7 8 Foreign exchange losses 80 - Compensation expenses for damage - 35 Other 20 8 Total non-operating expenses 108 52 Ordinary profit 1,069 1,652 Extraordinary income Gain on sale of property, plant and equipment 1 3 Total extraordinary income 1 3 Extraordinary losses Loss on sale of property, plant and equipment - 0 Loss on sale of membership - 6 Loss on retirement of property, plant and equipment 3 1 Total extraordinary losses 3 8 Profit before income taxes 1,067 1,647 Income taxes - current 206 281 Income taxes - deferred 64 186 Total income taxes 270 468 Profit 797 1,179 Loss attributable to non-controlling interests (2) (1) Profit attributable to owners of parent 800 1,180
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- 9 - Quarterly Consolidated Statement of Comprehensive Income Three months ended June 30, 2025 and 2026 (Millions of yen) Three months ended June 30, 2025 (From April 1, 2025 to June 30, 2025) Three months ended June 30, 2026 (From April 1, 2026 to June 30, 2026) Profit 797 1,179 Other comprehensive income Valuation difference on available-for-sale securities (8) 21 Foreign currency translation adjustment 172 273 Remeasurements of defined benefit plans, net of tax 203 28 Total other comprehensive income 366 323 Comprehensive income 1,164 1,503 Comprehensive income attributable to Comprehensive income attributable to owners of parent 1,167 1,504 Comprehensive income attributable to non-controlling interests (2) (1)
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- 10 - (3) Notes to Quarterly Consolidated Financial Statements (Notes to segment information, etc.) Three months ended June 30, 2025 (From April 1, 2025 to June 30, 2025) 1. Information on the amount of net sales and profit or loss by reporting segment and information on disaggregated revenue (Millions of yen) Reporting segment Adjustment (Note 1) Carried on quarterly consolidated statement of income (Note 2) Fire Alarm Systems Maintenance Fire Extinguishing Systems Security Systems Total Net sales Goods or services transferred at a point in time 9,045 - 30 699 9,775 - 9,775 Goods or services transferred over time 4,999 4,210 2,783 593 12,586 - 12,586 Revenue arising from contracts with customers 14,045 4,210 2,813 1,292 22,362 - 22,362 Segment profit 1,345 687 518 41 2,592 (1,517) 1,074 Notes: 1. Adjustment for segment profit of ( 1,517) million yen is company- wide expenses that are not allocated to each reporting segment. Company-wide expenses are mainly general and administrative expenses that do not belong to any reporting segment. 2. Segment profit is adjusted with operating profit on the quarterly consolidated statement of income. Three months ended June 30, 2026 (From April 1, 2026 to June 30, 2026) 1. Information on the amount of net sales and profit or loss by reporting segment and information on disaggregated revenue (Millions of yen) Reporting segment Adjustment (Note 1) Carried on quarterly consolidated statement of income (Note 2) Fire Alarm Systems Maintenance Fire Extinguishing Systems Security Systems Total Net sales Goods or services transferred at a point in time 9,924 - 57 710 10,691 - 10,691 Goods or services transferred over time 5,399 4,475 2,325 940 13,141 - 13,141 Revenue arising from contracts with customers 15,323 4,475 2,383 1,651 23,833 - 23,833 Segment profit 2,009 807 292 229 3,340 (1,820) 1,519 Notes: 1. Adjustment for segment profit of (1,820) million yen is company- wide expenses that are not allocated to each reporting segment. Company-wide expenses are mainly general and administrative expenses that do not belong to any reporting segment. 2. Segment profit is adjusted with operating profit on the quarterly consolidated statement of income.
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- 11 - (Notes in case of significant changes in shareholders’ equity) Not applicable. (Notes on going concern assumption) Not applicable. (Notes to quarterly consolidated statement of cash flows) Quarterly consolidated statement of cash flows was not prepared for the three months ended June 30, 2026. Depreciation (including amortization related to intangible assets, excluding goodwill) and amortization of goodwill for the three months ended June 30, 2025 and 2026 are as follows. (Millions of yen) Three months ended June 30, 2025 (From April 1, 2025 to June 30, 2025) Three months ended June 30, 2026 (From April 1, 2026 to June 30, 2026) Depreciation 340 414 Amortization of goodwill 19 6
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- 12 - 3. Supplementary Information Net sales, Orders received, Order backlog Net sales (Millions of yen) Three months ended June 30, 2025 (From April 1, 2025 to June 30, 2025) Three months ended June 30, 2026 (From April 1, 2026 to June 30, 2026) Year on year Comparative increase (decrease) Amount Percentage Amount Percentage % % % Fire Alarm Systems 14,045 62.8 15,323 64.3 109.1 1,278 [Of which Overseas] [5,901] [26.4] [6,904] [29.0] [117.0] [1,003] Maintenance 4,210 18.8 4,475 18.8 106.3 265 Fire Extinguishing Systems 2,813 12.6 2,383 10.0 84.7 (430) Security Systems 1,292 5.8 1,651 6.9 127.8 358 Total 22,362 100.0 23,833 100.0 106.6 1,471 Note: All amounts are rounded down to the nearest million yen. Orders received (Millions of yen) Three months ended June 30, 2025 (From April 1, 2025 to June 30, 2025) Three months ended June 30, 2026 (From April 1, 2026 to June 30, 2026) Year on year Comparative increase (decrease) Amount Percentage Amount Percentage % % % Fire Alarm Systems 19,531 56.7 23,377 62.0 119.7 3,846 [Of which Overseas] [5,901] [17.1] [6,904] [18.3] [117.0] [1,003] Maintenance 10,148 29.4 10,110 26.8 99.6 (38) Fire Extinguishing Systems 2,777 8.1 1,735 4.6 62.5 (1,041) Security Systems 2,004 5.8 2,506 6.6 125.0 501 Total 34,462 100.0 37,729 100.0 109.5 3,267 Note: All amounts are rounded down to the nearest million yen. Order backlog (Millions of yen) As of June 30, 2025 As of June 30, 2026 Year on year Comparative increase (decrease) Amount Percentage Amount Percentage % % % Fire Alarm Systems 18,209 46.1 22,786 52.1 125.1 4,576 [Of which Overseas] [-] [-] [-] [-] [-] [-] Maintenance 9,137 23.1 9,179 21.0 100.5 42 Fire Extinguishing Systems 10,015 25.3 9,213 21.1 92.0 (801) Security Systems 2,166 5.5 2,528 5.8 116.7 361 Total 39,529 100.0 43,708 100.0 110.6 4,179 Note: All amounts are rounded down to the nearest million yen.