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First Quarter of the Fiscal Year Ending March 31 , 2027 Financial Statements Briefing Materials MATSUDA Matsuda Sangyo Co. , Ltd. August 7 , 2026 Copyright © MATSUDA SANGYO CO . , LTD . ∧ 松田産業 株式会社 MATSUDA SANGYO CO . , LTD .
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 2 This document was prepared for the purpose of deepening understanding of our company, and is not intended to solicit investment. This document contains forward-looking statements related to future performance. These statements do not guarantee future performance and are subject to risks and uncertainties. Future performance may differ from the targets due to changes in the business environment and other factors. 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 version shall prevail. <Inquiries> Matsuda Sangyo Co., Ltd. CSR IR Dept. Inquiry form: https://www.matsuda-sangyo.co.jp/en/contact/contact4.html
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Copyright Ⓒ MATSUDA SANGYO CO.,LTD. Overview of Financial Results for FY3/27 1Q
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 4 (billion yen) FY3/26 1Q FY3/27 1Q Year-on-year increase (decrease) FY3/27 Forecasts (published on August 7) Net sales 146.6 208.6 +62.0 +42.3% 740.0 Operating profit 3.7 10.3 +6.5 +175.6% 28.5 Operating margin 2.6% 4.9% +2.3pt - 3.9% Ordinary profit 3.9 10.9 +6.9 +176.1% 29.6 Profit attributable to owners of parent 3.0 7.6 +4.6 +153.1% 20.6 Earnings per share (yen) 116.2 294.9 +178.7 +153.5% 797.1 Both net sales, operating income, and quarterly net income increased compared with the same quarter of the previous year. The forecast of financial results of FY3/27 has been revised upward as follows from the forecast published on May 13. Consolidated Financial Results
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 5 Net Sales Operating Profit (billion yen) 111.7 110.4 126.4 120.1 146.6 141.6 189.7 209.9 208.6 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/25 FY3/26 FY3/27 3.1 3.1 4.5 1.8 3.7 4.3 6.9 7.5 10.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/25 FY3/26 FY3/27 Quarterly Trend for Consolidated Financial Results
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 6 Consolidated Balance Sheet Assets (billion yen) March 31, 2026 June 30, 2026 Increase (decrease) Main reasons for change Current assets 170.7 154.8 (15.9) （－） Decrease in inventories Non-current assets 57.0 57.6 +0.6 （＋） New installation of factory equipment Total assets 227.7 212.5 (15.2) Liabilities March 31, 2026 June 30, 2026 Increase (decrease) Main reasons for change Current liabilities 83.9 62.2 (21.7) （－）Decrease in accounts payable-trade, short-term loans payable, and advances received Non-current liabilities 24.7 24.1 (0.6) （－）Decrease in long-term loans payable Interest bearing debt 52.4 45.6 (6.8) Total liabilities 108.7 86.4 (22.3) Net assets March 31, 2026 June 30, 2026 Increase (decrease) Main reasons for change Total net assets 119.0 126.0 +7.0 （＋） Increase in retained earnings Total liabilities and net assets 227.7 212.5 (15.2) Shareholder’s equity ratio 52.0% 59.0%
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 7 (billion yen) FY3/26 1Q FY3/27 1Q Increase (decrease) Summary Cash flows from operating activities 0.1 7.4 +7.3 （＋）Increase in quarterly net income before income taxes and a decrease in inventories （－）Payments of trade payables and income taxes Cash flows from investing activities (1.5) 0.1 +1.6 （＋）Sale of investment securities and the withdrawal of time deposits （ー） New installation of factory equipment Free cash flows (1.4) 7.5 +8.9 Cash flows from financing activities 1.2 (8.0) (9.2) （－）Decrease in short-term and long-term loans payable and the payment of cash dividends Net increase (decrease) in cash and cash equivalents (0.4) (0.4) (0.0) Cash and cash equivalents at end of period 10.9 14.0 +3.1 Consolidated Cash Flow Statements
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 8 ⚫ In the electronic devices field of the electronics sector, which is the key market for the Precious Metals Business Segment, demand for AI data centers continued to drive growth, while demand for automotive, industrial, and consumer equipment applications also followed a moderate recovery trend. ⚫ Although the volume of precious metals recycling handled decreased in the jewelry sector, it increased in the electronic devices sector, which, alongside factors such as the market price for precious metals remaining above the levels of the same quarter of the previous year, resulted in an increase in net sales and operating profit year on year. Precious Metals Business Segment (Overview of Financial Results) FY3/26 1Q FY3/27 1Q Increase (decrease) Net sales 115.5 177.7 +62.2 +53.8% Operating profit 2.7 9.2 +6.5 +233.3% Operating margin 2.4% 5.2% +2.8pt - (billion yen) FY3/27 1Q Increase (decrease) Reasons for increase (decrease) Gold 129.9 +40.1 +44.7% Quantity decreased by 5.8% and prices increased by 50.5% Silver 15.7 +9.1 +135.5% Quantity decreased by 5.3% and prices increased by 140.8% Platinum group 21.8 +9.5 +77.2% Quantity decreased by 6.6% and prices increased by 83.9% Other 10.1 +3.5 +51.7%
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 9 ⚫ In the food production sector, which is the key market for the Food Business Segment, continued to face challenging demand-side conditions, including a stronger trend toward frugality in personal consumption due to factors such as rising prices. ⚫ Sales volumes of seafood and livestock products decreased, resulting in a decrease in net sales compared with the same quarter of the previous year; however, an improvement in profit margin, driven by factors such as efforts to reflect costs in sellingprices and enhancing added value, contributed to an increase in operating profit compared with the same quarter of the previous year. Food Business Segment (Overview of Financial Results) FY3/26 1Q FY3/27 1Q Increase (decrease) Net sales 31.1 30.9 (0.2) (0.5)% Operating profit 0.9 1.0 +0.1 +8.3% Operating margin 3.1% 3.4% +0.3pt - (billion yen) FY3/27 1Q Increase (decrease) Reasons for increase (decrease) Seafood products 11.4 (0.6) (5.0)% Quantity decreased by 8.4% and prices increased by 3.4% Livestock products 12.7 (0.5) (4.1)% Quantity decreased by 11.1% and prices increased by 7.0% Agricultural products 4.9 +1.4 +39.1% Quantity increased by 30.6% and prices increased by 8.6% Other 1.7 (0.5) (18.9)%
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 10 （billion yen） ⚫ In the Precious Metals business segment, improved volumes in the electronic devices segment and precious metal price spreads contributed. ⚫ In the Food Business segment, sales volume decreased, but profit margins improved through increased value-added products and price pass-through. Changes in Operating Profit 2.7 +3.9 +3.1 (0.5) 9.2 FY3/26 1Q 数量要因 価格要因 製造費及び販管費増加 FY3/27 1Q Quantity factor Price factors (Market impact +Profit margin improvement) Increase in production costs and SG&A expenses 0.9 1.0 (0.1) +0.2 FY3/26 1Q 数量要因 価格要因 販管費増加 FY3/27 1Q Food Business Segment Quantity factor Price factor (Profit margin improvement) Increase in SG&A expenses (0.0) Precious Metals Business Segment
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Copyright Ⓒ MATSUDA SANGYO CO.,LTD. Appendix
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page1 Copyright Ⓒ MATSUDA SANGYO CO.,LTD. 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 24.4 24.7 24.10 25.1 25.4 25.7 25.10 26.1 26.4 26.7 白金（N･Y$建円換算 円/g） 0 2,000 4,000 6,000 8,000 10,000 24.4 24.7 24.10 25.1 25.4 25.7 25.10 26.1 26.4 26.7 0 100 200 300 400 500 24.4 24.7 24.10 25.1 25.4 25.7 25.10 26.1 26.4 26.7 銀（山元建値 円/g） 0 5,000 10,000 15,000 20,000 25,000 30,000 24.4 24.7 24.10 25.1 25.4 25.7 25.10 26.1 26.4 26.7 金（山元建値 円/g） 12 Trends of Precious Metals Market Prices