Interim report
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DISCLAIMER: This document has been translated from a par t 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. October 30, 2026 Consolidated Financial Results for the Six Months Ended September 30, 2026 (Under Japanese GAAP) Company name: FP CORPORATION Listing: Tokyo Stock Exchange Securities code: 7947 URL: https://www.fpco.jp/ Representative: Morimasa Sato, Representative Direc tor, Chairman Inquiries: Isao Ikegami, Executive Vice President a nd Director, Executive General Manager of Finance and Accounting Division Telephone: +81-84-953-1145 Scheduled date to file semi-annual securities report: November 6, 2026 Scheduled date to commence dividend payments: Novem ber 25, 2026 Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (for institutional investors and analysts) (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the six month s ended September 30, 2026 (from April 1, 2026 to September 30, 2026) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % September 30, 2026 129,009 8.0 10,978 18.1 11,039 18.1 7,430 15.6 September 30, 2025 119,460 4.0 9,296 43.6 9,346 43.3 6,425 48.1 Note: Comprehensive income For the six months ended September 30, 2026: ¥7,493 million [6.5%] For the six months ended September 30, 2025: ¥7,033 million [52.1%] Basic earnings per share Diluted earnings per share Six months ended Yen Yen September 30, 2026 91.86 - September 30, 2025 79.47 - (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio Net assets per share As of Millions of yen Millions of yen % Yen September 30, 2026 320,261 169,340 52.6 2,083.89 March 31, 2026 304,062 165,171 54.1 2,033.28 Reference: Equity As of September 30, 2026: ¥168,593 million As of March 31, 2026: ¥164,444 million 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 - 31.50 - 41.50 73.00 Fiscal year ending March 31, 2027 - 36.50 Fiscal year ending March 31, 2027 (Forecast) 41.50 78.00 Note: Revisions to the forecast of cash dividends most recently announced: Yes 3. Forecast of consolidated financial results for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027) (Percentages indicate year-on-year changes.) 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 Fiscal year ending March 31, 2027 264,000 9.8 25,800 19.4 25,800 18.5 17,200 15.7 212.62 Note: Revisions to the earnings forecasts most recently announced: Yes
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* Notes (1) Significant changes in the scope of consolidati on during the period: None (2) Adoption of accounting treatment specific to th e preparation of semi-annual consolidated financial statements: None (3) Changes in accounting policies, changes in acco unting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other re asons: 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 September 30, 2026 84,568,424 shares As of March 31, 2026 84,568,424 shares (ii) Number of treasury shares at the end of the pe riod As of September 30, 2026 3,665,135 shares As of March 31, 2026 3,691,650 shares (iii) Average number of shares outstanding during t he period (cumulative from the beginning of the fiscal year) Six months ended September 30, 2026 80,888,138 shares Six months ended September 30, 2025 80,861,893 shares * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Proper use of earnings forecasts, and other speci al matters (Notes on Forward-Looking Statements, etc.) The earnings forecasts described in this material are prepared based on information available as of the date of this release. Actual results may differ from forecasts due to various factors in the future. " (How to obtain financial results briefings and supplementary financial results briefing materials) The Company plans to hold an earnings briefing for institutional investors and analysts on Monday, November 2, 2026. The financial results briefing will be held at the venue and live-streamed. In addition, financial results briefing materials and financial results briefing videos will be posted on the Company's website on the following schedule. • Financial results briefing materials: Monday, November 2, 2026 • Financial results briefing video: Friday, November 13, 2026
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Semi-annual consolidated balance sheet (Millions of yen) As of March 31, 2026 As of September 30, 2026 Assets Current assets Cash and deposits 25,478 21,582 Notes and accounts receivable - trade 42,187 47,599 Merchandise and finished goods 26,328 29,265 Work in process 136 134 Raw materials and supplies 6,243 6,277 Other 5,088 5,810 Allowance for doubtful accounts (23) (20) Total current assets 105,439 110,650 Non-current assets Property, plant and equipment Buildings and structures, net 89,527 87,685 Machinery, equipment and vehicles, net 31,967 31,933 Land 40,873 40,879 Leased assets, net 1,563 1,567 Other, net 13,278 24,983 Total property, plant and equipment 177,211 187,048 Intangible assets Goodwill 494 439 Other 2,721 2,633 Total intangible assets 3,216 3,073 Investments and other assets 18,195 19,488 Total non -current assets 198,622 209,610 Total assets 304,062 320,261
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(Millions of yen) As of March 31, 2026 As of September 30, 2026 Liabilities Current liabilities Accounts payable - trade 26,612 32,859 Short -term borrowings 15,738 19,251 Commercial papers 18,000 18,000 Income taxes payable 4,113 4,537 Provision for bonuses 3,576 4,040 Provision for bonuses for directors 197 94 Other 17,979 19,676 Total current liabilities 86,218 98,459 Non-current liabilities Long -term borrowings 45,162 43,674 Provision for retirement benefits for directors 156 167 Provision for executive officers' retirement benefits 97 95 Retirement benefit liability 5,002 6,376 Other 2,253 2,146 Total non -current liabilities 52,672 52,460 Total liabilities 138,891 150,920 Net assets Shareholders' equity Share capital 13,150 13,150 Capital surplus 15,587 15,596 Retained earnings 139,999 144,072 Treasury shares (8,359) (8,299) Total shareholders' equity 160,377 164,520 Accumulated other comprehensive income Valuation difference on available -for -sale securities 1,621 1,908 Foreign currency translation adjustment 1,824 1,617 Remeasurements of defined benefit plans 621 546 Total accumulated other comprehensive income 4,066 4,072 Non -controlling interests 726 747 Total net assets 165,171 169,340 Total liabilities and net assets 304,062 320,261
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Semi-annual consolidated statement of income (Millions of yen) Six months ended September 30, 2025 Six months ended September 30, 2026 Net sales 119,460 129,009 Cost of sales 81,627 88,126 Gross profit 37,832 40,882 Selling, general and administrative expenses 28,536 29,904 Operating profit 9,296 10,978 Non-operating income Interest income 17 38 Dividend income 38 68 Share of profit of entities accounted for using equity method - 29 Gain on sale of scraps 61 64 Subsidy income 63 2 Other 242 231 Total non -operating income 424 434 Non-operating expenses Interest expenses 137 296 Share of loss of entities accounted for using equity method 77 - Other 159 76 Total non -operating expenses 374 373 Ordinary profit 9,346 11,039 Extraordinary losses Loss on sale and retirement of non -current assets 61 50 Total extraordinary losses 61 50 Profit before income taxes 9,284 10,988 Income taxes - current 3,127 4,248 Income taxes - deferred (264) (747) Total income taxes 2,863 3,500 Profit 6,421 7,488 Profit (loss) attributable to non -controlling interests (3) 57 Profit attributable to owners of parent 6,425 7,430
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Semi-annual consolidated statement of comprehensive income (Millions of yen) Six months ended September 30, 2025 Six months ended September 30, 2026 Profit 6,421 7,488 Other comprehensive income Valuation difference on available -for -sale securities 368 286 Remeasurements of defined benefit plans, net of tax (51) (74) Share of other comprehensive income of entities accounted for using equity method 295 (206) Total other comprehensive income 612 5 Comprehensive income 7,033 7,493 Comprehensive income attributable to Comprehensive income attributable to owners of parent 7,037 7,435 Comprehensive income attributable to non -controlling interests (3) 57
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Semi-annual consolidated statement of cash flows (Millions of yen) Six months ended September 30, 2025 Six months ended September 30, 2026 Cash flows from operating activities Profit before income taxes 9,284 10,988 Depreciation 7,268 7,213 Increase (decrease) in provision for bonuses 163 463 Increase (decrease) in provision for bonuses for directors (98) (102) Increase (decrease) in allowance for doubtful accounts 2 (0) Increase (decrease) in provision for retirement benefits for directors (26) 10 Increase (decrease) in provision for executive officers' retirement benefits (22) (1) Increase (decrease) in retirement benefit liability 70 677 Interest and dividend income (55) (106) Interest expenses 137 296 Share of loss (profit) of entities accounted for using equity method 77 (29) Loss (gain) on sale and retirement of non -current assets 60 43 Decrease (increase) in trade receivables (889) (5,412) Decrease (increase) in inventories (128) (2,968) Decrease (increase) in accounts receivable - other 256 (222) Increase (decrease) in trade payables (1,705) 6,246 Other, net 818 1,663 Subtotal 15,211 18,759 Interest and dividends received 55 106 Interest paid (141) (302) Income taxes paid (3,512) (3,811) Net cash provided by (used in) operating activities 11,613 14,751 Cash flows from investing activities Purchase of property, plant and equipment (6,699) (16,641) Payments for acquisition of businesses (201) - Other, net 102 (115) Net cash provided by (used in) investing activities (6,798) (16,756) Cash flows from financing activities Net increase (decrease) in short -term borrowings - (104) Proceeds from long -term borrowings 7,000 9,000 Repayments of long -term borrowings (6,241) (6,871) Repayments of lease liabilities (542) (523) Dividends paid (3,232) (3,354) Other, net (36) (36) Net cash provided by (used in) financing activities (3,052) (1,890) Net increase (decrease) in cash and cash equivalents 1,762 (3,895) Cash and cash equivalents at beginning of period 19,020 25,478 Cash and cash equivalents at end of period 20,782 21,582
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(4) Notes to Quarterly Consolidated Financial Statements Note to Going Concern Assumption Not applicable Notes on Any Significant Change in the Value of Shareholders’ Equity Not applicable Notes on segment information Since the Group is a single segment of the simple food container-related business, the description is omitted. Important Subsequent Events Not applicable