Interim report
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This document is a translation of the original in Japanese prepared for the sole purpose of convenience for readers outside Japan . In the event of any discrepancies between this translation and the Japanese original , the latter shall prevail . The English translation of the review report by certified public accountants or an audit firm has been omitted . Consolidated Financial Results for the Three Months Ended June 30 , 2026 Accounting Standards Fo FASF Name of listed company : OHASHI TECHNICA INC . Securities code : 7628 [ J - GAAP ] August 6 , 2026 Listed exchange : Tokyo Stock Exchange URL : https://www.ohashi.co.jp/en/ Representative : Masaya Hirose , President & CEO Contact : Seiji Masaki , Senior Executive Officer ; General Manager of Accounting Division Telephone : + 81-3-5404-4418 Scheduled date of commencing dividend payments : — Availability of supplementary briefing materials on financial results : None Holding of financial results briefing : None ( Amounts of less than millions of yen are truncated ) 1. Consolidated performance for the three months ended June 30 , 2026 ( April 1 , 2026 - June 30 , 2026 ) ( 1 ) Consolidated operating results ( % of change from the same period of the previous year ) Profit attributable to Net sales Operating profit Ordinary profit owners of parent Million yen % Million yen % Million yen % Million yen % Three months ended 11,503 14.5 894 62.8 1,023 48.8 738 49.4 June 30 , 2026 Three months ended 10,046 0.8 549 71.1 687 49.1 493 57.0 June 30 , 2025 Note : Comprehensive income Three months ended June 30 , 2026 : 1,026 million yen [ - % ] Three months ended June 30 , 2025 : ( 517 ) million yen [ % ] Basic earnings Diluted earnings per share per share Yen Yen Three months ended 28.86 June 30 , 2026 Three months ended June 30 , 2025 19.22 Note : Our company conducted a stock split at a ratio of 2 shares for every one common share as of January 1 , 2026 . Accordingly , the basic earnings per share are calculated assuming that the stock split was conducted at the beginning of the previous fiscal year . ( 2 ) Consolidated financial position As of June 30 , 2026 As of March 31 , 2026 Reference : Equity Total assets Net assets Equity ratio Million yen 48,534 48,134 Million yen 41,612 41,059 % 84.6 84.2 As of June 30 , 2026 : 41,080 million yen As of March 31 , 2026 : 40,530 million yen
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2. Dividends Annual dividends End of 1Q End of 2Q End of 3Q Year-end Total Yen Yen Yen Yen Yen Year ended March 31, 2026 – 37.00 – 18.50 – Year ending March 31, 2027 – Year ending March 31, 2027 (forecast) 22.50 – 22.50 45.00 Notes: 1. Revision from the most recent announcement of cash dividends forecasts: None 2. Our company conducted a stock split at a ratio of 2 shares for every one common share as of January 1, 2026. The interim dividend per share at the end of the second quarter of the year ended March 31, 2026 is presented as the actual amount of the dividend before the stock split, and the total amount of the annual dividend is presented as “–.” If the stock split is not taken into account, the year-end dividend for the year ended March 31, 2026 would be 37.00 yen per share, and the total annual dividend would be 74.00 yen per share. 3. Consolidated performance forecast for the year ending March 31, 2027 (April 1, 2026-March 31, 2027) (Percentages show year-on-year changes) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Million yen % Million yen % Million yen % Million yen % Yen Full year 43,000 5.1 2,550 5.1 3,000 1.1 2,100 0.7 82.11 Note: Revision from the most recent announcement of performance forecasts: None
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*Notes (1) Significant changes in the scope of consolidation during the period: None (2) Application of particular accounting procedures to the preparation of quarterly financial statements: None (3) Changes in accounting policies, changes in accounting estimates and retrospective restatement 1) Changes in accounting policies due to revisions in accounting standards, etc.: None 2) Changes in accounting policies other than 1) above: None 3) Changes in accounting estimates: None 4) Retrospective restatement: None (4) Number of shares issued (common shares) 1) Number of shares issued at the end of the period (including treasury shares): June 30, 2026: 25,781,920 shares March 31, 2026: 25,781,920 shares 2) Number of treasury shares at the end of the period: June 30, 2026: 205,055 shares March 31, 2026: 205,011 shares 3) Average number of shares during the period: Three months ended June 30, 2026: 25,576,886 shares Three months ended June 30, 2025: 25,704,305 shares Note: Our company conducted a stock split at a ratio of 2 shares for every one common share as of January 1, 2026. Accordingly, the number of shares issued at the end of the period, the number of treasury shares at the end of the period, and the average number of shares during the period are calculated assuming that the stock split was conducted at the beginning of the previous fiscal year. *Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (voluntary) *Guide to appropriate use of performance forecasts and other notes Notes on forward-looking descriptions, etc. Forward-looking descriptions including performance forecasts in this document are based on information currently available to the Company and certain assumptions deemed reasonable, and are not a guarantee on their realization. Actual results, etc. may differ significantly due to various factors. For more notes on the use of performance forecasts, please see “(3) Explanation of consolidated financial results forecast and other forward-looking information” under “1. Overview of operating results, etc.” on page 3 of the attachment.
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1 Table of contents to the attachment 1. Overview of operating results, etc. ........................................................................................................................................ 2 (1) Overview of operating results for the three months ended June 30, 2026 .................................................................... 2 (2) Overview of financial position for the three months ended June 30, 2026 .................................................................. 3 (3) Explanation of consolidated financial results forecast and other forward-looking information ................................... 3 2. Quarterly consolidated financial statements and principal notes ........................................................................................... 4 (1) Quarterly consolidated balance sheets .......................................................................................................................... 4 (2) Quarterly consolidated statements of income and comprehensive income .................................................................. 6 Quarterly consolidated statements of income for the three months ended June 30, 2026 ............................................ 6 Quarterly consolidated statements of comprehensive income for the three months ended June 30, 2026 ................... 7 (3) Notes to quarterly consolidated financial statements ................................................................................................... 8 Notes on segment information, etc. .............................................................................................................................. 8 Notes in case of significant changes in shareholders’ equity ....................................................................................... 8 Notes on going concern assumption ............................................................................................................................. 8 Notes to consolidated statements of cash flows ............................................................................................................ 9 Notes on significant subsequent events ........................................................................................................................ 9
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2 1. Overview of operating results, etc. (1) Overview of operating results for the three months ended June 30, 2026 During the three months ended June 30, 2026, while the overall global economy remained robust, the chaotic situation in Iran brought about a surge in the prices of crude oil and oil-derived products as well as supply chain disruptions, while concerns over an economic slowdown due to rising prices caused further uncertainty in the global economic outlook. In the automotive industry in which OHASHI TECHNICA INC. (the “Company”) and its subsidiaries (collectively, the “Group”) operate, the global production volume at Japanese automobile manufacturers showed a slight increase year on year due to recovery in production and increased output in Japan, despite intensifying competition in China including local manufacturers, continued weak domestic demand in the ASEAN region, and the effect of production cutbacks at some passenger car manufacturers for the Middle East market. Under these circumstances, the Group entered the fifth year of its Medium-Term Business Plan: Mission 2025 + 2 (six-year plan). Accordingly, the Group has continued to promote measures that will contribute to the pursuit of economic value by further enhancing its four basic functions—development, manufacturing, procurement, and global functions—and to the creation of social value in the areas of environment, society, and governance, while also working on realizing efficient management that is more conscious of cost of capital. Consequently, in the three months ended June 30, 2026, consolidated net sales amounted to 11,503 million yen (up 14.5% year on year) due to the recovery of production in Japan and the contribution of new orders to sales in the regions, despite the impact of production cutbacks at our major clients in the ASEAN region and China. Consolidated operating profit was 894 million yen (up 62.8% year on year) due to overall higher sales and an improved gross profit margin resulting from revised prices as well as improved productivity in the manufacturing division, despite the continued impact of surging purchase prices. Ordinary profit was 1,023 million yen (up 48.8% year on year), and profit attributable to owners of parent was 738 million yen (up 49.4% year on year). Operating results by segment are as described below. (Segment net sales are net sales to external customers, and segment profit is adjusted with operating profit on the quarterly consolidated statements of income.) [Japan] Net sales were 5,289 million yen (up 15.0% year on year) due to the production recovery at automobile manufacturers that are our major clients and the contribution of new orders to sales. Segment profit was 229 million yen (up 94.6% year on year) due to higher sales and an improved gross profit margin, despite higher labor expenses partly due to the improvement of employee working conditions as well as increased costs for various properties. [Americas] Net sales were 4,413 million yen (up 19.2% year on year) due to the contribution of new orders to sales. Segment profit was 406 million yen (up 83.7% year on year) due to the impact of increased revenue. [ASEAN] Despite production cutbacks at automobile manufacturers that are our major clients, due to the contribution of new orders to sales and the effect of foreign currency translation, net sales were 869 million yen (up 6.3% year on year). Segment profit was 156 million yen (up 31.1% year on year) partly due to cost improvements and improved productivity in the manufacturing division. [China] Amid increasingly intensified sales competitions among local manufacturers, production at Japanese automobile manufacturers that are our clients has continued to decline, thus resulting in net sales of 426 million yen (down 21.1% year on year). Segment loss was 14 million yen (segment loss was 12 million yen in the three months ended June 30, 2025) due to the impact of decreased revenue. [Europe] Despite production cutbacks at automobile manufacturers that are our major clients, due to the contribution of new orders to sales, net sales were 504 million yen (up 31.2% year on year). Segment profit was 77 million yen (up 47.8% year on year) due to the impact of increased revenue. [Taiwan] OHASHI TECHNICA TAIWAN CO., LTD., which transacts business with companies of the Group only, has no net sales to external customers. Segment profit was 13 million yen (up 259.1% year on year) due to increased exports for companies of the Group.
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3 (2) Overview of financial position for the three months ended June 30, 2026 At the end of the three months ended June 30, 2026, assets amounted to 48,534 million yen, up 400 million yen from the end of the previous fiscal year. This was mainly due to increases in raw materials and supplies, and property, plant and equipment, despite decreases in notes and accounts receivable - trade, and contract assets, and merchandise and finished goods. Liabilities amounted to 6,922 million yen, down 152 million yen from the end of the previous fiscal year. This was mainly due to a decrease in income taxes payable, despite an increase in notes and accounts payable - trade. Net assets amounted to 41,612 million yen, up 552 million yen from the end of the previous fiscal year. This was mainly due to the recording of profit attributable to owners of parent and an increase in foreign currency translation adjustment. (3) Explanation of consolidated financial results forecast and other forward-looking information There is no change to the consolidated financial results forecast for the year ending March 31, 2027 from the forecast in the “Consolidated Financial Results for the Year Ended March 31, 2026” published on May 12, 2026.
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4 2. Quarterly consolidated financial statements and principal notes (1) Quarterly consolidated balance sheets (Thousand yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 22,603,504 22,652,433 Notes and accounts receivable - trade, and contract assets 5,944,760 5,729,737 Merchandise and finished goods 6,114,939 6,014,744 Work in process 841,545 877,352 Raw materials and supplies 1,239,778 1,310,900 Other 509,065 470,222 Allowance for doubtful accounts (12,758) (14,337) Total current assets 37,240,834 37,041,054 Non-current assets Property, plant and equipment Buildings and structures 6,394,104 6,556,437 Accumulated depreciation (3,955,526) (4,017,897) Buildings and structures, net 2,438,577 2,538,539 Machinery, equipment and vehicles 12,631,055 13,021,637 Accumulated depreciation (10,156,889) (10,322,807) Machinery, equipment and vehicles, net 2,474,166 2,698,829 Tools, furniture and fixtures 4,279,390 4,422,243 Accumulated depreciation (3,951,050) (3,984,044) Tools, furniture and fixtures, net 328,339 438,198 Land 1,501,575 1,491,000 Construction in progress 1,108,321 1,344,287 Total property, plant and equipment 7,850,979 8,510,856 Intangible assets Software 59,870 56,292 Other 57,295 58,573 Total intangible assets 117,166 114,865 Investments and other assets Investment securities 2,461,960 2,424,570 Deferred tax assets 71,082 46,399 Other 429,335 433,232 Allowance for doubtful accounts (37,000) (36,095) Total investments and other assets 2,925,378 2,868,105 Total non-current assets 10,893,524 11,493,827 Total assets 48,134,358 48,534,881
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5 (Thousand yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 3,447,509 3,575,226 Electronically recorded obligations - operating 444,213 453,143 Income taxes payable 513,169 218,716 Provision for bonuses 244,938 162,285 Provision for bonuses for directors (and other officers) 49,100 8,450 Other 1,199,956 1,375,230 Total current liabilities 5,898,887 5,793,052 Non-current liabilities Deferred tax liabilities 183,910 173,538 Retirement benefit liability 667,306 668,561 Other 324,936 287,717 Total non-current liabilities 1,176,153 1,129,816 Total liabilities 7,075,040 6,922,868 Net assets Shareholders’ equity Share capital 1,825,671 1,825,671 Capital surplus 1,611,240 1,611,240 Retained earnings 28,910,069 29,174,290 Treasury shares (187,347) (187,408) Total shareholders’ equity 32,159,633 32,423,793 Accumulated other comprehensive income Valuation difference on available-for-sale securities 759,589 704,999 Foreign currency translation adjustment 7,578,359 7,920,962 Remeasurements of defined benefit plans 33,029 31,126 Total accumulated other comprehensive income 8,370,979 8,657,088 Non-controlling interests 528,704 531,130 Total net assets 41,059,317 41,612,012 Total liabilities and net assets 48,134,358 48,534,881
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6 (2) Quarterly consolidated statements of income and comprehensive income Quarterly consolidated statements of income for the three months ended June 30, 2026 (Thousand yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net sales 10,046,829 11,503,612 Cost of sales 7,873,131 8,866,701 Gross profit 2,173,697 2,636,911 Selling, general and administrative expenses 1,624,389 1,742,466 Operating profit 549,307 894,444 Non-operating income Interest income 64,048 41,427 Dividend income 34,788 25,620 Share of profit of entities accounted for using equity method 9,815 28,416 Foreign exchange gains － 4,475 Gain on sale of scraps 16,069 22,402 Subsidy income 26,771 － Other 7,197 7,822 Total non-operating income 158,690 130,164 Non-operating expenses Interest expenses 1,864 1,536 Foreign exchange losses 17,659 － Provision of allowance for doubtful accounts 72 － Other 895 47 Total non-operating expenses 20,491 1,583 Ordinary profit 687,506 1,023,025 Extraordinary income Gain on sale of non-current assets 539 726 Total extraordinary income 539 726 Extraordinary losses Loss on sale of non-current assets － 430 Loss on retirement of non-current assets 237 0 Loss on fund leakage at foreign subsidiary 1,549 － Total extraordinary losses 1,787 430 Profit before income taxes 686,259 1,023,320 Income taxes - current 167,349 256,632 Income taxes - deferred 27,423 27,661 Total income taxes 194,773 284,293 Profit 491,485 739,027 Profit (loss) attributable to non-controlling interests (2,437) 1,005 Profit attributable to owners of parent 493,922 738,021
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7 Quarterly consolidated statements of comprehensive income for the three months ended June 30, 2026 (Thousand yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 491,485 739,027 Other comprehensive income Valuation difference on available-for-sale securities 267,351 (43,876) Foreign currency translation adjustment (1,275,784) 344,022 Remeasurements of defined benefit plans, net of tax (2,208) (1,903) Share of other comprehensive income of entities accounted for using equity method 1,310 (10,712) Total other comprehensive income (1,009,330) 287,530 Comprehensive income (517,844) 1,026,557 Comprehensive income attributable to Comprehensive income attributable to owners of parent (492,372) 1,024,131 Comprehensive income attributable to non- controlling interests (25,472) 2,425
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8 (3) Notes to quarterly consolidated financial statements Notes on segment information, etc. From the three months ended June 30, 2026, the order of presentation of reportable segments has been changed. Accordingly, the order of presentation of reportable segments for the three months ended June 30, 2025 has also been changed. I. For the three months ended June 30, 2025 1. Information on amounts of net sales and profit (loss) by reportable segment (Thousand yen) Reportable segments Adjustments (Note) 1 Consolidation (Note) 2 Japan Americas ASEAN China Europe Taiwan Total Net sales Net sales to external customers 4,600,800 3,703,435 818,045 539,776 384,770 － 10,046,829 － 10,046,829 Inter- segment sales or transfers 475,104 － 32,032 24,880 － 217,707 749,723 (749,723) － Total 5,075,904 3,703,435 850,078 564,656 384,770 217,707 10,796,553 (749,723) 10,046,829 Segment profit (loss) 117,981 221,273 119,375 (12,523) 52,114 3,651 501,874 47,433 549,307 Notes: 1. Adjustment of segment profit (loss) of 47,433 thousand yen includes inter-segment eliminations of 333 thousand yen and inventory adjustment of 47,099 thousand yen. 2. Segment profit (loss) is adjusted with operating profit in the quarterly consolidated statements of income. 2. Information on impairment loss on non-current assets or goodwill, etc. by reportable segment Not applicable. II. For the three months ended June 30, 2026 1. Information on amounts of net sales and profit (loss) by reportable segment (Thousand yen) Reportable segments Adjustments (Note) 1 Consolidation (Note) 2 Japan Americas ASEAN China Europe Taiwan Total Net sales Net sales to external customers 5,289,433 4,413,729 869,493 426,117 504,839 － 11,503,612 － 11,503,612 Inter- segment sales or transfers 528,055 1,206 22,737 22,251 － 346,335 920,585 (920,585) － Total 5,817,488 4,414,935 892,230 448,368 504,839 346,335 12,424,198 (920,585) 11,503,612 Segment profit (loss) 229,571 406,505 156,514 (14,762) 77,010 13,112 867,951 26,493 894,444 Notes: 1. Adjustment of segment profit (loss) of 26,493 thousand yen includes inter-segment eliminations of 130 thousand yen and inventory adjustment of 26,362 thousand yen. 2. Segment profit (loss) is adjusted with operating profit in the quarterly consolidated statements of income. 2. Information on impairment loss on non-current assets or goodwill, etc. by reportable segment Not applicable. Notes in case of significant changes in shareholders’ equity Not applicable. Notes on going concern assumption Not applicable.
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9 Notes to consolidated statements of cash flows Quarterly consolidated statements of cash flows for the three months ended June 30, 2026 have not been prepared. Depreciation (including amortization of intangible assets) for the three months ended June 30, 2026 is as follows. (Thousand yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Depreciation 250,600 230,876 Notes on significant subsequent events (Disposal of treasury shares as restricted stock compensation) At the Board of Directors meeting held on July 9, 2026, the Company resolved to carry out a disposal of treasury shares as restricted stock compensation (hereinafter, the “Disposal”) as set forth below. 1. Overview of Disposal (1) Disposal date August 7, 2026 (2) Class and number of shares to be disposed 15,570 shares of the Company’s common shares (3) Disposal price 1,132 yen per share (4) Total Disposal amount 17,625,240 yen (5) Recipients, number of recipients, and number of shares to be disposed Directors of the Company (excluding Directors serving as Audit and Supervisory Committee Members and Outside Directors): 3 persons 10,794 shares Executive Officers not concurrently serving as Directors of the Company: 4 persons 3,884 shares Executive Advisor of the Company: 1 person 892 shares 2. Purpose and reason for Disposal At the Board of Directors meeting held on May 12, 2026, the Company resolved to introduce a restricted stock compensation plan (the “Plan”) as a new compensation structure for Directors of the Company (excluding Directors serving as Audit and Supervisory Committee Members and Outside Directors; “Eligible Directors”), Executive Officers not concurrently serving as Directors, and Executive Advisor (collectively referred to as “Eligible Directors and Others”), with the aim of providing incentives to sustainably enhance the Company's corporate value and to further promote value sharing with shareholders. In addition, at the 74th Ordinary General Meeting of Shareholders held on June 24, 2026, approval was obtained for the following matters, among others, under the Plan: the grant of monetary claims not exceeding 50 million yen per annum to Eligible Directors as consideration to be contributed as property for the acquisition of restricted stock; the issuance or disposal of no more than 50,000 shares of the Company’s common shares per annum; and the restriction period for the transfer of restricted stock shall be, pursuant to the restricted stock allotment agreement to be entered into between the Company and each Eligible Director, the period from the date on which shares of the Company’s common shares are allotted through to the time immediately following the resignation or retirement from positions predetermined by the Board of Directors of the Company out of those assumed by officers or employees of the Company or its subsidiaries. The Disposal of the treasury shares stated above is made pursuant to this Plan.
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10 (Liquidation of consolidated subsidiary) At the Board of Directors meeting held on July 24, 2026, the Company resolved to liquidate OHASHI TECHNICA PRECISION PARTS (SHANGHAI) CO., LTD. (“OHASHI TECHNICA PRECISION PARTS (SHANGHAI)”), a consolidated subsidiary. 1. Reason for liquidation With the aim of streamlining operations through an integrated manufacturing and sales approach, primarily in the Guangzhou area, the Company established OHASHI TECHNICA AUTOMOTIVE PARTS (GUANGZHOU) CO., LTD., headquartered in Guangzhou, and has been proceeding with the transfer of operations from OHASHI TECHNICA PRECISION PARTS (SHANGHAI). Now that the transfer has been completed, the Company has decided to liquidate OHASHI TECHNICA PRECISION PARTS (SHANGHAI). 2. Overview of subsidiary to be liquidated (1) Name OHASHI TECHNICA PRECISION PARTS (SHANGHAI) CO., LTD. (2) Location B16 4th Floor No.231, North Fute Road, China (Shanghai) Pilot Free Trade Zone, Shanghai, China (3) Name and job title of representative Makoto Terai, President & CEO (4) Details of business Purchasing, sales, import and export of automotive components (5) Share capital 4 million USD (6) Date of establishment September 30, 2003 (7) Major shareholder and ownership ratio The Company, 100% 3. Liquidation schedule Since the transfer of all business operations to OHASHI TECHNICA AUTOMOTIVE PARTS (GUANGZHOU) CO., LTD. has been completed, the Company plans to liquidate OHASHI TECHNICA PRECISION PARTS (SHANGHAI) as soon as the necessary procedures, such as obtaining approval from the relevant authorities, are completed. 4. Impact of liquidation on financial results The liquidation of the subsidiary is expected to have only minor impact on the Company’s consolidated performance for the fiscal year ending March 31, 2027. We will promptly disclose matters that require public announcement as the liquidation process proceeds.
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11 (Disposal of treasury shares in connection with the introduction of Employee Stock Benefit Trust (J-ESOP)) The Company resolved at the Board of Directors meeting held on August 6, 2026 to carry out a disposal of treasury shares (the “Disposal of Treasury Shares”) in connection with the introduction of the “Employee Stock Benefit Trust (J-ESOP)” (the “Plan”) announced on May 12, 2026, as set forth below. 1. Overview of the Disposal of Treasury Shares (1) Date of the Disposal of Treasury Shares August 21, 2026 (2) Class and number of shares to be disposed 100,000 shares of the Company’s common shares (3) Price for the Disposal of Treasury Shares 1,129 yen per share (4) Total amount of the Disposal of Treasury Shares 112,900,000 yen (5) Intended recipient Custody Bank of Japan, Ltd. (Trust E Account) (6) Other matters The Company will submit an extraordinary report pursuant to the Financial Instruments and Exchange Act in connection with the Disposal of Treasury Shares. 2. Purpose and reason for the Disposal of Treasury Shares The Company announced the introduction of the Plan on May 12, 2026. (For an overview of the Plan, please refer to the “Notice Concerning Introduction of Employee Stock Benefit Trust (J-ESOP)” dated May 12, 2026.) The Disposal is made to dispose of treasury shares to Custody Bank of Japan, Ltd. (Trust E Account), which is the re-trustee that receives a re-trust from the trustee of the trust established pursuant to the trust agreement, for the purpose of holding and disposing of the Company’s shares for the administration of the Plan.