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Fiscal 2026 First Quarter Results Briefing Three months ended June 30 , 2026 August 12 , 2026 TOPPAN Holdings Inc. TOPPAN
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© TOPPAN Holdings Inc. Summary of Fiscal 2026 First Quarter Results (Three months ended June 30, 2026) 2 コメント記載 担当：小笠原 改革の進捗がある場合は記載 営業外で大きな変動が無いか *The periods for treasury share purchases are May 15, 2025 to June 30, 2025 for fiscal 2025 and May 15, 2026 to June 30, 2026 for fiscal 2026 and are not aligned with the fiscal year. FY2025 Q1 Results FY2026 Q1 Results YoY Change Net sales 397.5 457.3 +15.0% Profitability Gross profit 24.0% 95.3 24.2% 110.7 +16.2% SG&A 20.6% 81.7 19.8% 90.7 +11.0% Non-GAAP operating profit 4.1% 16.1 5.6% 25.4 +57.0% Net profit 3.4% 13.5 4.4% 20.0 +47.9% EBITDA 32.2 43.1 +33.6% Non-GAAP net profit 2.4% 9.3 5.6% 25.7 +175.0% Net profit 2.4% 9.3 4.7% 21.6 +131.3% Per-Share indicators Non-GAAP EPS JPY 32.35 JPY 91.24 EPS JPY 32.41 JPY 76.89 Equity per share JPY 4,425.53 JPY 4,917.67 Exchange rate (JPY/USD) JPY 144 JPY 161 Exchange rate (JPY/EUR) JPY 165 JPY 186 Treasury share purchases JPY 8.52 bn (End of June, 2025) JPY 5.06 bn (End of June, 2026) (JPY bn)
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© TOPPAN Holdings Inc. FY2025 Q1 Results FY2026 Q1 Results YoY Change YoY Change (Ex-TPC) Information Solutions Net sales 210.2 211.2 +0.5% Non-GAAP operating profit 3.2% 6.8 3.6% 7.6 +11.8% Operating profit 2.4% 5.0 2.9% 6.2 +23.2% Living & Industry Net sales 136.2 214.2 +57.3% Non-GAAP operating profit 7.4% 10.0 8.7% 18.5 +85.5% Operating profit 6.8% 9.3 6.8% 14.6 +56.7% Electronics Net sales 56.6 37.6 -33.4% ＋40.0％ Non-GAAP operating profit 16.1% 9.1 24.7% 9.3 +2.4% ＋226.0％ Operating profit 16.0% 9.0 24.7% 9.3 +3.2% ＋234.8％ Adjustment Net sales -5.5 -5.9 +7.7% Non-GAAP operating profit -9.7 -10.1 +3.8% Operating profit -9.8 -10.1 +2.7% Total Net sales 397.5 457.3 +15.0% +24.3% Non-GAAP operating profit 4.1% 16.1 5.6% 25.4 +57.0% +155.6% Operating profit 3.4% 13.5 4.4% 20 +47.9% +174.6% Summary of Fiscal 2026 First Quarter Results 3 右側にコメント記載 担当：小笠原 調整額の説明もちゃ んと入れたい 決算のポイント（セグメント別） ポイントは原稿で説明 GAAPとNon-GAAPの順番逆にす る？（短信は逆になった） (JPY bn) *Fiscal 2025 Q1 results for the Electronics segment include TPC's sales of JPY 29.7 billion and non-GAAP operating profit / operating profit of JPY 6.2 billion.
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© TOPPAN Holdings Inc. 4 Fiscal 2026 First Quarter: Changes in Non-GAAP Operating Profit Versus Prior Year *TPC: Tekscend Photomask Corp. (transitioned to an equity-method associate from the second half of fiscal 2025 due to stock listing) 未更新 Fiscal 2025 Q1 Non-GAAP Operating Profit Fiscal 2026 Q1 Non-GAAP Operating Profit TPC* transition to equity method Information Living 次世代 半導体 パッケージ Electronics Adjustments, other Foreign exchange impact Living (one- time costs) 「TPC」は、アスタリスクを付けて、脚注（略語の意味）を入れて下さい 16.1 -6.2 9.9 +2.6 +0.3 -1.9 +10.0 +4.6 -0.3 25.4
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© TOPPAN Holdings Inc. ■ Segment Operating Profit (JPY bn)/ Margin■ Segment Net Sales (JPY bn) 5 Information Solutions: Fiscal 2026 First Quarter Results Increase in sales and profit due to strong performance in security business Sub-segment Net sales % of sales Non-GAAP OP Margin GAAP OP Margin Information overall 211.2 (+1.0) 100% 3.6% (+0.8) 2.9% (+1.1) Security 58.7 (+2.3) 28% Approx. 10% (+2.0) Approx. 9% (+2.1) IoT Solutions 4.8 (+1.1) 2% Approx. -27% (+0.0) Approx. -29% (+0.0) Marketing 20.6 (-0.1) 10% Approx. -2% (-0.6) Approx. -2% (-0.6) BPO 15.3 (+0.1) 7% Approx. -11% (-0.4) Approx. -11% (-0.4) Securities & Business Printing 39.7 (+1.6) 19% Approx. 15% (+0.5) Approx. 14% (+0.5) Information Printing 46.9 (-5.0) 22% Approx. 1% (-0.7) Approx. 1% (-0.6) Information (Other) 24.9 (+1.1) 12% Approx. -6% (+0.0) Approx. -6% (+0.0) Sub-segment Remarks Security ✓ Sales increased due to new consolidation of dzcard ✓ Profit increased due to DPS price increase in Japan IoT Solutions ✓ Sales increased due to acquisition of public-sector projects Marketing ✓ Sales remained flat as project wins from private-sector companies offset the post-demand decline from World-Expo-related projects in the previous year BPO ✓ Sales remained flat as project wins from the public sector offset the decline in private-sector projects Securities & Business Printing ✓ Capturing demand for election solutions overseas contributed to increases in both sales and profit ✓ Domestically, withdrew from the supplies business as part of structural reform Information Printing ✓ Decrease in sales and profit due to continued market contraction Information (Other) ✓ E-books and publishing-related businesses performed well Foreign Exchange Impact ✓ YoY: + JPY 0.4 billion ■ Sub-segment Net Sales and Operating Profit ■ Status by sub-segment *(Change) / Unit: JPY bn 205.6 210.2 211.2 0 50 100 150 200 250 FY24 Q1 FY25 Q1 FY26 Q1 Information (Other) Information Printing Securities & Business Printing BPO Marketing IoT Solutions 4.4 6.8 7.6 2.1% 3.2% 3.6% 1.4% 2.4% 2.9% 0.0% 1.0% 2.0% 3.0% 4.0% 0 2 4 6 8 FY24 Q1 FY25 Q1 FY26 Q1 Non-GAAP operating profit Operating profit Non-GAAP OP Margin OP Margin
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© TOPPAN Holdings Inc. 0 5 10 15 20 25 30 Japan Oversea total Americas Europe Asia, others FY25 Q1 FY26 Q1 ■ Segment Operating Profit (JPY bn)/ Margin■ Segment Net Sales (JPY bn) 6 Living & Industry: Fiscal 2026 First Quarter Results Increase in sales and profit due to strong performance in both overseas packaging and décor materials Sub-segment Net sales % of sales Overseas sales % Non-GAAP OP Margin GAAP OP Margin Living & Industry overall 214.2 (+78.0) 100% 61% 8.7% (+8.5) 6.8% (+5.2) Packaging 175.1 (+74.3) 82% 60% Approx. 9% (+8.0) Approx. 7% (+4.7) Décor Materials 39.1 (+3.6) 18% 69% Approx.8% (+0.5) Approx. 7% (+0.5) Sub-segment Remarks Packaging ✓ Sales increased due to the new consolidation of the packaging business in the Americas and strong demand in the Asian region. Profit increased driven by cost synergies such as global procurement. The market environment in North America is trending toward improvement. ✓ Although factors related to the Middle East have had a positive impact (approx. JPY 2.0 billion) due to inventory valuation methods used in accounting, this will be offset once the situation stabilizes. Décor Materials ✓ Sales and profit increased due to market share expansion for decorative sheets in Europe and North America Foreign Exchange Impact ✓ YoY: + JPY 0.4 billion ■ Status by sub-segment ■ Sub-segment Net Sales and Operating Profit *(Change) / Unit: JPY bn ■ Sales by Region - SX Packaging■ Sales by Region – Packaging Overall SX 30% 中東影響による原材料価格の上昇については、原価計上に移動平均法を 採用しているため、1Qの原価上昇は相対的に薄まった 135.4 136.2 214.2 0 40 80 120 160 200 240 FY24 Q1 FY25 Q1 FY26 Q1 Packaging Décor Materials 0 20 40 60 80 100 120 Japan Oversea total Americas Europe Asia, others FY25 Q1 FY26 Q1 8.0 10.0 18.5 5.9% 7.4% 8.7% 5.1% 6.8% 6.8% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 0 5 10 15 20 FY24 Q1 FY25 Q1 FY26 Q1 Non-GAAP operating profit Operating profit Non-GAAP OP Margin OP Margin
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© TOPPAN Holdings Inc. Sub-segment Net sales % of sales Non-GAAP OP Margin GAAP OP Margin Electronics overall 37.6 100% +24.7% +24.7% (-18.9) (+0.2) (+0.2) Semiconductors 26.7 71% Approx. 35% Approx. 35% (-19.4) (-0.1) (-0.1) (Excl. advanced packaging) (+10.3) - (+6.0) (+6.1) Displays 10.9 29% Approx. 1% Approx. 1% (+0.5) (+0.4) (+0.4) ■ Segment Operating Profit (JPY bn)/ Margin■ Segment Net Sales (JPY bn) Non-GAAP営業利益 498 534 341 240 7 Electronics: Fiscal 2026 First Quarter Results Profit increase due to FC-BGA growth, despite sales decrease due to TPC deconsolidation サブセグメント 売上高 売上構成比 GAAP営業利益率 Non-GAAP営業利益率 エレ系全体 1,620 (▲243) 100% 14.8% (▲97) 14.8% (▲101) 半導体 1,160 (▲244) 70% 約21% (▲86) 約21% (▲89) (次世代PKG除く) - - 約28% 約28% ディスプレイ 460 (+1) 30% 約1% (▲10) 約1% (▲12) Sub-segment Remarks Semiconductors ✓ The significant decrease in sales due to the deconsolidation of TPC was offset by growth in FC-BGAs, keeping profit flat ✓ FC-BGAs saw increases in both sales and profit due to the new Niigata line’s contribution to production and an increasing proportion of AI- related products ✓ Expenses for advanced packaging came in below plan due to factors such as a review of the accounting treatment method for development expenses Displays ✓ Sales of anti-reflective films increased due to strong performance in products for OLEDs Foreign Exchange Impact ✓ YoY: +JPY 1.7 billion ■ Sub-segment Net Sales and Operating Profit ■ Non-GAAP Operating Profit of Semiconductor Business Excluding Photomasks from Last Year and Advanced Packaging This Year ■ Status by sub-segment *(Change) / Unit: JPY bn カラーフィルタの項目は削除しましょう 69.1 56.6 37.6 0 20 40 60 80 FY24 Q1 FY25 Q1 FY26 Q1 Semiconductors Displays 9.1 -6.2 2.9 1.8 4.3 0.3 9.3 FY2025 TPC FY2025 (Ex-TPC) Foreign exchange impact Semiconductors Displays FY2026 0 2 4 6 8 10 12 2.8 1.7 12.5 9.1 9.3 18.1% 16.1% 24.7% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 0 5 10 15 20 25 30 FY24 Q1 FY25 Q1 FY26 Q1 Non-GAAP operating profit Operating profit Non-GAAP OP Margin OP Margin
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© TOPPAN Holdings Inc. FY2025 FY2026 Key Points of Fiscal 2026 Q1 Results Q1 Q1 Net sales 397.5 457.3 Variance vs. prior year (%) - 15.0 Gross profit 95.3 110.7 Gross margin (%) 24.0 24.2 SG&A 81.7 90.7 SG&A to sales (%) 20.6 19.8 Non-GAAP operating profit 16.1 25.4 Margin (%) 4.1 5.6 Variance vs. prior year (%) - 57.0 Operating profit 13.5 20.0 Margin (%) 3.4 4.4 Variance vs. prior year (%) - 47.9 Ordinary profit 15.0 22.9 Extraordinary income 3.5 2.5 Extraordinary losses 0.9 1.0 Profit before taxes 17.6 24.4 Profit (attributable to owners of parent) 9.3 21.6 Margin (%) 2.4 4.7 Variance vs. prior year (%) - 131.3 Exchange rate (JPY/USD) 144 161 (JPY/EUR) 165 186 8 Fiscal 2026 First Quarter: Consolidated Statements of Income - Factors Affecting Main Items - ○ Gross profit margin: Improved by 0.2 percentage points. While affected by the removal of TPC from the scope of consolidation, increased profitability driven by expanded FC-BGA production and recovery in packaging business demand in the Americas contributed to improved margin. ○ SG&A expenses: Increased by JPY 9.0 billion YoY due to the impact of new consolidated entities. The ratio improved by 0.8 percentage points due to factors such as reduced personnel expenses. ○ Non-operating income/expenses: Interest expenses increased primarily due to increased borrowings and higher interest rates. On the other hand, investment income increased following TPC becoming an equity-method associate, resulting in a JPY 1.5 billion YoY increase in non-operating income/expenses. ○ Gain on sale of investment securities: Decreased by JPY 2.2 billion. Strategic-shareholdings were reduced as planned. (End of fiscal 2025 Q4: 196 stocks ⇒ End of fiscal 2026 Q1: 195 stocks) 新規FMT作成 担当：梶 (JPY bn)
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© TOPPAN Holdings Inc. Medium Term Plan Initiatives 9 Progress and results of each project will be disclosed and explained as appropriate. コメント記載 担当：小笠原 改革の進捗がある場合は記載 営業外で大きな変動が無いか To execute the threepriority initiatives, an integrated project structure combining the holding company and business units has been established and is being driven top-down. 1) Business Portfolio Transformation 2) Corporate Reform 3) Balance Sheet Reform ⚫ Structural reform of businesses requiring improvement/transformation ⚫ Redefining indirect departments across the holding company and business units ⚫ Human asset management reform ⚫ Reduction of liquidity on hand ⚫ Optimization of working capital cycle ⚫ Consolidation and closure of production sites / Asset divestment ⚫ Accelerated divestment of strategic- shareholdings Head of Information Solutions Head of Living & Industry Head of ElectronicsBusiness Units Holding Company Project Owner: COO (Satoshi Oya) MTP Implementation Project Leaders: Heads of Corporate Planning, Finance, Personnel Divisions Steering Committee: CHRO, CFO, CSO, Manufacturing Lead Close collaboration
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© TOPPAN Holdings Inc. FY2024 Results FY2025 Results FY2026 Plan YoY Change Net sales 1,719.5 1,805.0 1,925.0 6.6% Profitability Gross profit 23.1% 413.3 23.5% 424.2 23.7% 455.4 7.3% SG&A 19.1% 328.2 19.8% 357.1 19.5% 375.4 5.1% Non-GAAP operating profit 5.7% 97.6 5.2% 94.1 5.2% 101.0 7.2% Net profit 4.9% 85.0 3.7% 67.1 4.2% 80.0 19.2% EBITDA 9.7% 166.3 8.6% 154.8 9.1% 175.0 13.0% Non-GAAP net profit 3.9% 67.2 3.9% 71.2 3.9% 75.0 5.3% Net profit 5.2% 90.1 3.6% 64.8 2.9% 55.0 -15.1% Capital efficiency Non-GAAP ROE 5.0% 5.4% 5.7% 0.3% ROE 6.7% 4.9% 4.2% -0.7% Per-Share indicators Non-GAAP EPS JPY 222.90 JPY 249.74 JPY 270.78 - EPS JPY 298.62 JPY 227.07 JPY 198.57 - Equity per share JPY 4,471.44 JPY 4,742.83 JPY 4,780.45 - Dividend per share JPY 56 JPY 58 JPY 58 - Financial health Equity ratio 51.4% 52.3% 51.2% -1.1% Exchange rate (JPY/USD) JPY 149 JPY 151 JPY 150 Exchange rate (JPY/EUR) JPY 162 JPY 176 JPY 175 Treasury share purchases 99.99 29.99 50.0 (Upper Limit) Fiscal 2026 Full Year Results Forecast (no change) 10 *The periods for treasury share purchases are May 15, 2025 to May 14, 2026 for fiscal 2025 and May 15, 2026 to May 14, 2027 for fiscal 2026 and are not aligned with the fiscal year. (JPY bn)
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© TOPPAN Holdings Inc. Fiscal 2026 Full Year Results Forecast (no change) 11 (JPY bn) FY2024 Results FY2025 Results FY2026 Plan YoY Change Information Solutions Net sales 925.5 923.2 966.0 4.6% Non-GAAP operating profit 5.6% 51.7 5.8% 53.4 6.3% 61.0 14.2% Operating profit 4.9% 45.5 4.9% 45.0 5.6% 54.5 21.1% Living & Industry Net sales 550.1 723.0 827.0 14.4% Non-GAAP operating profit 7.1% 38.9 7.0% 50.8 7.7% 64.0 26.0% Operating profit 6.1% 33.4 4.6% 33.0 6.0% 49.5 50.0% Electronics Net sales 283.3 186.3 162.0 -13.0% Non-GAAP operating profit 18.9% 53.4 18.3% 34.1 14.8% 24.0 -29.6% Operating profit 18.7% 53.0 18.1% 33.6 14.8% 24.0 -28.6% Adjustment Net sales -39.4 -27.5 -30.0 9.1% Non-GAAP operating profit -46.5 -44.2 -48.0 8.6% Operating profit -46.9 -44.6 -48.0 7.6% Total Net sales 1,719.5 1,805.0 1,925.0 6.6% Non-GAAP operating profit 3.9% 97.6 5.2% 94.1 5.2% 101.0 7.2% Operating profit 5.2% 85.0 3.7% 67.1 4.2% 80.0 19.2%
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© TOPPAN Holdings Inc. - APPENDIX -
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© TOPPAN Holdings Inc. 13 (Reference) Quarterly Sales and Operating Profit by Segment Quarterly Full year FY2024 FY2025 FY2026 FY24 FY25 FY26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Forecast Information Solutions Net sales 205.6 219.7 225.6 274.4 210.2 215.2 238.3 259.4 211.2 925.5 923.2 966.0 Variance vs. prior year (%) - - - - 2.3 -2.1 5.6 -5.5 0.5 2.8 -0.2 4.6 Operating profit 2.9 7.4 10.2 24.9 5.0 5.8 14.0 20.0 6.2 45.5 45.0 54.5 Operating margin (%) 1.4 3.4 4.5 9.1 2.4 2.7 5.9 7.7 2.9 4.9 4.8 5.6 Variance vs. prior year (%) - - - - 73.1 -20.9 37.8 -19.8 23.2 - -1.0 21.1 Living & Industry Net sales 135.4 140.3 137.6 136.6 136.2 194.3 194.9 197.4 214.2 550.1 723.0 827.0 Variance vs. prior year (%) - - - - 0.5 38.4 41.5 44.5 57.3 2.3 31.4 14.3 Operating profit 6.9 8.7 9.4 8.2 9.3 5.5 10.4 7.7 14.6 33.4 33.0 49.5 Operating margin (%) 5.1 6.2 6.8 6.0 6.8 2.8 5.3 3.9 6.8 6.0 4.6 6.0 Variance vs. prior year (%) - - - - 33.7 -36.5 10.1 -5.7 56.7 - -1.1 50.0 Electronics Net sales 69.1 69.7 72.4 71.9 56.6 62.3 31.7 35.6 37.6 283.3 186.3 162.0 Variance vs. prior year (%) - - - - -18.1 -10.7 -56.1 -50.5 -33.4 6.3 -34.2 -13.0 Operating profit 12.4 12.8 16.5 11.2 9.0 11.4 6.2 6.9 9.3 53.0 33.6 24.0 Operating margin (%) 17.9 18.3 22.8 15.6 15.9 18.3 19.7 19.5 24.7 18.7 18.0 14.8 Variance vs. prior year (%) - - - - -27.2 -10.8 -62.2 -38.3 3.2 - -36.6 -28.5 Adjustments (Net sales) 7.3 4.7 5.8 21.5 5.5 5.8 5.8 10.2 5.9 39.4 27.5 30.0 Adjustments (Operating profit) 11.0 11.8 11.8 12.1 9.8 11.6 10.6 12.4 10.1 46.9 44.6 48.0 Consolidated net sales 402.8 425.1 429.9 461.5 397.5 466.0 459.1 482.2 457.3 1,719.5 1,805.0 1,925.0 Consolidated operating profit 11.2 17.1 24.3 32.2 13.5 11.2 20.0 22.2 20.0 85.0 67.1 80.0 (JPY bn) * Units are ¥BN unless otherwise indicated. ** Due to the change in accounting policy from fiscal 2025, fiscal 2024 results presented here have been retrospectively adjusted.
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© TOPPAN Holdings Inc. 14 (Reference) Non-GAAP Operating Profit Reconciliation (by quarter) Quarterly Full year FY2024 FY2025 FY2026 FY24 FY25 FY26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Forecast Information Solutions Operating Profit 2.9 7.4 10.1 24.9 5.0 5.8 14.0 20.0 6.2 45.5 45.0 54.5 Amortization 1.0 1.3 0.6 0.7 1.2 1.4 1.7 1.2 1.4 3.8 5.6 6.5 M&A related fee 0 0 0 0.6 0.1 0 0 0.1 0 0.7 0.3 0 Stock compensation reserve 0.4 0.4 0.4 0.4 0.4 0.4 0.4 1.2 0 1.7 2.5 0 Non-GAAP Operating Profit 4.4 9.2 11.3 26.7 6.8 7.7 16.1 22.7 7.6 51.7 53.4 61.0 Living & Industry Operating Profit 6.9 8.7 9.4 8.2 9.3 5.5 10.4 7.9 14.6 33.4 33.0 49.5 Amortization 0.8 0.5 1.1 0.4 0.5 4.4 4.3 2.4 3.9 2.9 11.7 14.5 M&A related fee 0 0 0 1.8 0 4.5 0.1 0.1 0 1.8 4.8 0 Stock compensation reserve 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.5 0 0.7 1.1 0 Non-GAAP Operating Profit 8.0 9.4 10.7 10.7 10.0 14.7 15.0 11.1 18.5 38.9 50.8 64.0 Electronics Operating Profit 12.4 12.8 16.5 11.2 9.0 11.4 6.2 6.9 9.3 53.0 33.6 24.0 Amortization 0 0 0 0 0 0 0 0 0 0.1 0 0 M&A related fee 0 0 0 0 0 0 0 0 0 0 0 0 Stock compensation reserve 0 0.1 0 0 0 0 0 0.2 0 0.3 0.4 0 Non-GAAP Operating Profit 12.5 12.9 16.6 11.3 9.1 11.5 6.3 7.1 9.3 53.4 34.1 24.0 (JPY bn)
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© TOPPAN Holdings Inc. * Due to the change in accounting policy from fiscal 2025, fiscal 2024 results presented here have been retrospectively adjusted. 0 5 10 15 20 25 30 35 0 20 40 60 80 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2024 FY2025 FY2026 Semiconductors Displays Operating Profit (RHS) Non-GAAP Operating Profit (RHS) (¥bn) (¥bn) 0 3 6 9 0 50 100 150 200 250 300 Q1 Q1 Q1 FY2024 FY2025 FY2026 (¥bn) (¥bn) 15 (Reference) Quarterly Sales and Operating Profit by Segment Information Solutions Living & Industry Electronics Q1 (3 months, YoY comparison) Q1 (3 months, YoY comparison) Q1 (3 months, YoY comparison) 0 10 20 30 0 100 200 300 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2024 FY2025 FY2026 Security IoT Solutions Marketing BPO Securities & Business Printing Information Printing Information (Other) Operating Profit (RHS) Non-GAAP Operating Profit (RHS) (¥bn) (¥bn) 0 5 10 15 20 0 50 100 150 200 250 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2024 FY2025 FY2026 Packaging Décor Materials Non-GAAP Operating Profit (RHS) Operating Profit (RHS) (¥bn) (¥bn) 0 5 10 15 20 0 50 100 150 200 250 Q1 Q1 Q1 FY2024 FY2025 FY2026 (¥bn) (¥bn) 0 5 10 15 20 25 0 20 40 60 80 Q1 Q1 Q1 FY2024 FY2025 FY2026 (¥bn) (¥bn)
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© TOPPAN Holdings Inc. 16 (Reference) Consolidated Statements of Income - Main Items by Quarter - * Units are ¥BN unless otherwise indicated. ** Due to the change in accounting policy from fiscal 2025, fiscal 2024 results presented here have been retrospectively adjusted. Quarterly Full year FY2024 FY2025 FY2026 FY24 FY25 FY26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Forecast Net sales 402.8 425.1 429.9 461.5 397.5 466.0 459.1 482.2 457.3 1,719.5 1,805.0 1,925.0 Variance vs. prior year (%) - - - - -1.3 9.6 6.8 4.4 15.0 - 5.0 6.6 Gross profit 92.4 98.7 104.9 117.1 95.3 107.8 108.0 113.0 110.7 413.3 424.2 455.4 Gross margin (%) 22.9 23.2 24.3 25.3 24.0 23.1 23.5 23.4 24.2 24.0 23.5 23.7 SG&A 81.1 81.6 80.5 84.8 81.7 96.6 87.9 90.7 90.7 328.2 357.1 375.4 SG&A to sales (%) 20.1 19.1 18.7 18.3 20.6 20.7 19.2 18.8 19.8 19.1 19.8 19.5 Operating profit 11.2 17.1 24.3 32.2 13.5 11.2 20.0 22.2 20.0 85.0 67.1 80.0 Margin (%) 2.8 4.0 5.6 6.9 3.4 2.4 4.3 4.6 4.4 4.9 3.7 4.2 Variance vs. prior year (%) - - - - 20.1 -34.4 -17.7 -30.9 47.9 - -21.1 19.2 Ordinary profit 16.6 15.8 26.4 30.6 15.0 11.1 26.6 22.9 22.9 89.5 75.7 83.5 Extraordinary income 6.3 26.6 39.5 111.3 3.5 21.7 15.3 20.9 2.5 183.8 61.6 0 Extraordinary losses 1.4 2.6 5.7 78.3 0.9 2.1 1.1 27.6 1.0 88.2 31.9 0 Profit before taxes 21.4 39.9 60.2 63.5 17.6 30.6 40.7 16.2 24.4 185.2 105.3 83.5 Profit (attributable to owners of parent) 9.8 23.0 39.3 17.8 9.3 20.5 28.2 6.6 21.6 90.1 64.8 55.0 Margin (%) 2.4 5.4 9.1 3.8 2.4 4.4 6.1 1.4 4.7 5.2 3.6 2.9 Variance vs. prior year (%) - - - - -4.8 -11.0 -28.3 -62.6 131.3 - -28.1 -15.1 Exchange rate (JPY/USD) 158 152 153 152 144 146 149 149 161 149 151 150 (JPY/EUR) 170 165 165 163 165 168 172 172 186 162 176 175 (JPY bn)
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© TOPPAN Holdings Inc. 17 (Reference) Non-GAAP Operating Profit Reconciliation (by quarter) Quarterly Full year FY2024 FY2025 FY2026 FY24 FY25 FY26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Forecast Net sales 402.8 425.1 429.9 461.5 397.5 466 459.1 482.2 457.3 1,719.5 1,805.0 1,925.0 Operating Profit 11.2 17.1 24.3 32.2 13.5 11.2 20.0 22.2 20.0 85.0 67.1 80.0 Amortization 1.9 1.9 1.7 1.2 1.7 5.8 6.1 3.7 5.3 6.8 17.4 21.0 M&A related fee 0 0 0 2.5 0.1 4.5 0.1 0.3 0 2.6 5.1 0 Stock compensation reserve 0.7 0.7 0.7 0.7 0.7 0.7 0.7 2.1 0 3.0 4.4 0 Non-GAAP Operating Profit 14.0 19.8 26.9 36.7 16.1 22.4 27.0 28.5 25.4 97.6 94.1 101.0 Margin (%) 3.5 4.7 6.3 8.0 4.1 4.8 5.9 5.9 5.6 5.7 5.2 5.2 Variance vs. prior year (%)- - - - 15.0 13.1 0.4 -22.3 57.0 17.6 -3.6 7.2 Net Profit 9.8 23.0 39.3 17.8 9.3 20.5 28.2 6.8 21.6 14.9 64.8 55.0 (Items/amounts adjusted after tax and deduction of non- controlling interests) Amortization 1.6 1.5 1.5 1.0 1.4 5.3 5.5 2.5 4.5 5.7 14.7 17.0 M&A related fee 0 .0 0 1.7 0 3.1 0 0.4 0 1.8 3.5 0 Stock compensation reserve 0.5 0.5 0.5 0.5 0.5 0.5 0.5 1.5 0 2.1 3.0 0 Structural-reform-related costs 0.1 1.5 4.0 79.8 0 0.2 0.2 22.0 0 85.6 22.4 3.0 Gain or loss on sale of investment securities -4.2 -17.2 -24.9 -71.7 -2.1 -14.6 -6.7 -13.9 -0.5 -118.1 -37.3 0 Non-GAAP Net Profit 8.0 9.3 20.7 29.1 9.3 15.2 27.9 18.7 25.7 67.2 71.2 75.0 Margin (%) 2.0 2.2 4.8 6.3 2.3 3.3 6.1 3.9 5.6 3.9 3.9 3.9 Variance vs. prior year (%)- - - - 16.3 63.4 34.8 -35.7 175.0 28.7 6.0 5.3 (JPY bn)
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© TOPPAN Holdings Inc. 18 (Reference) Consolidated Balance Sheet - Main Items - ◯現金・預金 Sonoco社TFP事業買収代金の支 払いなどで減少 ◯棚卸資産 Sonoco社TFP事業買収等で増加 ◯無形固定資産 Sonoco社TFP事業のれん代、他 ◯自己株式 消却により減少 End of Mar. 2025 End of Mar. 2026 End of Jun. 2026 Main factors for change Current assets 1,406.9 1,173.6 1,156.8 Cash & deposits 768.9 438.8 442.6 Notes & accounts receivable 439.7 478.4 441.9 Securities 9.6 2.5 1.0 Inventories 140.6 181.5 196.4 ○ Increase associated with rising raw material prices Non-current assets 1,108.1 1,384.5 1,414.8 Property, plant & equipment 620.9 653.7 658.5 Intangible assets 87.2 281.4 281.8 Goodwill 22.3 103.8 104.0 Investments & other assets 399.9 449.2 474.4 Investment securities 310.6 340.0 361.3 ○ Increase in market value Total assets 2,515.0 2,558.1 2,571.6 End of Mar. 2025 End of Mar. 2026 End of Jun. 2026 Main factors for change Liabilities 1,096.4 1,148.1 1,118.2 Current liabilities 822.8 629.2 589.0 Notes & accounts payable 178.6 161.1 169.6 Short-term borrowings 312.7 125.0 147.6 ○ Increase due to borrowings for working capital Current portion of long-term borrowings 27.1 17.8 17.3 Non-current liabilities 273.5 518.8 529.1 Bonds 50.0 130.0 130.0 Long-term borrowings 77.6 218.0 217.3 Net assets 1,418.6 1,410.0 1,453.4 Shareholders' equity 1,158.1 1,169.7 1,174.5 Treasury shares -114.3 -45.2 -51.5 Valuation/translation difference, etc. / Comprehensive income 135.4 167.4 205.2 Valuation difference on available-for-sale securities 73.1 55.9 80.2 ○ Increase in market value Foreign currency translation adjustment 58.9 94.4 109.0 Share acquisition rights - - - Non-controlling interests 125.0 72.8 73.5 Total liabilities & net assets 2,515.0 2,558.1 2,571.6 Equity 1,293.5 1,337.1 1,379.8 ✓ Investment securities Number of stocks held End of March 2026: 196 stocks → End of June 2026: 195 stocks Ratio to net assets (including deemed-owned shares): 14.3%
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Disclaimer Regarding Forward-Looking Statements Results forecasts and other forward-looking statements in these materials are made by the Company based on information available at the current time. Actual results may differ from forecasts due to future changes in the business environment.