Interim report
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DISCLAIMER : 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 . Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) https://www.yamazen.co.jp/ Company name : YAMAZEN CORPORATION Listing : Tokyo Stock Exchange Securities code : 8051 URL : Representative : Inquiries : Telephone : + 81-6-6534-3003 Koji KISHIDA , President and CEO Masamichi YAMAZOE , Director and CFO Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Holding of financial results briefing : MENTA FASF August 10 , 2026 Yes 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 owners of Net sales Operating profit Ordinary profit parent Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30 , 2026 145,862 15.6 2,890 66.8 3,160 76.6 1,913 4.9 June 30 , 2025 126,136 6.4 1,732 99.0 1,790 58.1 1,823 183.9 Note : Comprehensive income For the three months ended June 30 , 2026 : For the three months ended June 30 , 2025 : Basic earnings per share ¥ 6,768 million ¥ 498 million [ - % ] [ ( 82.8 ) % ] Diluted earnings per share Yen Yen Three months ended June 30 , 2026 21.57 June 30 , 2025 21.37 19.43 Note : The year - on - year rate of change in comprehensive income for the first quarter of the fiscal year ending March 31 , 2027 is indicated as " - " because it exceeds 1,000 % . ( 2 ) Consolidated financial position As of June 30 , 2026 March 31 , 2026 Reference : Equity As of June 30 , 2026 : As of March 31 , 2026 : 2 . Cash dividends Total assets Net assets Equity - to - asset ratio Net assets per share Millions of yen Millions of yen % Yen 359,219 145,218 39.9 1,621.34 351,990 140,153 39.3 1,612.56 ¥ 143,314 million ¥ 138,416 million Annual dividends per share First quarter - end Second quarter - end Third quarter - end Fiscal year - end Total Yen Yen Yen Yen Yen 20.00 34.00 54.00 Fiscal year ended March 31 , 2026 Fiscal year ending March 31 , 2027 Fiscal year ending March 31 , 2027 ( Forecast ) Note : Revisions to the forecast of cash dividends most recently announced : None 20.00 36.00 3. Forecast of consolidated financial results for the fiscal year ending March 31 , 2027 ( from April 1 , 2026 to March 31 , 2027 ) 56.00 Net sales Operating profit Ordinary profit ( Percentages indicate year - on - year changes . ) Profit attributable to Basic earnings per share owners of parent Millions of yen % Millions of yen % Millions of yen 1 - % Millions of yen % Yen
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Six months ending September 30, 2026 290,000 11.6 7,000 37.0 7,100 31.2 4,600 10.0 52.45 Fiscal year ending March 31, 2027 585,000 8.0 15,000 24.6 15,400 18.4 10,000 7.2 115.92 Note: Revisions to the earnings forecasts most recently announced: Yes For the revision of the consolidated earnings forecast, please refer to the "Notice Concerning Revision of Consolidated Earnings Forecasts for the Second Quarter (Interim) and the Full Fiscal Year Ending March 2027" announced today (August 10, 2026). Note2: The Company has been repurchasing treasury shares based on a resolution of the Board of Directors held on February 12, 2026. “Basic earnings per share” in the forecast of consolidated financial results takes into account the impact of this purchase of treasury shares. - 2 -
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* Notes (1) Significant changes in the scope of consolidation during the period: Yes Newly included: 2 companies (Yamazen Machinery & Tools India Private Ltd., AtoG1 Co., Ltd.) (2) Adoption of accounting treatment specif ic 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 policie s due to other reasons: 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 95,305,435 shares As of March 31, 2026 95,305,435 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 6,912,659 shares As of March 31, 2026 9,468,740 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 88,680,173 shares Three months ended June 30, 2025 85,328,257 shares Note: The Company has introduced the Board Benefit Trust (BBT) and the Stock Benefit Trust (J-ESOP), and the number of treasury shares at the end of the fiscal year includes the Company's shares held by the Board Benefit Trust (BBT) and the Stock Benefit Trust (J-ESOP) (721,900 shares in the first quarter of the fiscal year ending March 31, 2027) 721,900 shares in the fiscal year ending March 31, 2026). In addition, treasury stock deducted in the calculation of the average number of shares during the period (quarterly total) includes the Company's shares (721,900 shares in the first quarter of the fiscal year ending March 31, 2027 and 320,325 shares in the first quarter of the fiscal year ending March 31, 2026) held by the Board Benefit Trust (BBT) and the Stock Benefit Trust (J-ESOP). * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:None * Proper use of earnings foreca sts, and other special matters (Cautions on forward-looking statements, etc.) The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors. Matters related to earnings forecasts are described in Appendix P.3 "1. Summary of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts." (Method of accessing supplementary material on financial results) Supplementary financial results materials will be posted on the Company's website. - 3 -
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Quarterly consolidated balance sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 88,139 77,940 Notes receivable - trade 2,888 1,977 Accounts receivable - trade 84,899 80,005 Electronically recorded monetary claims - operating 25,296 28,284 Securities 20,989 22,991 Merchandise and finished goods 43,920 52,947 Other 11,775 13,372 Allowance for doubtful accounts (473) (461) Total current assets 277,436 277,057 Non-current assets Property, plant and equipment Buildings and structures, net 4,928 5,050 Machinery, equipment and vehicles, net 2,320 2,290 Tools, furniture and fixtures, net 723 788 Land 3,809 3,819 Leased assets, net 1,883 1,893 Other, net 1,837 2,398 Total property, plant and equipment 15,503 16,240 Intangible assets 10,394 9,623 Investments and other assets Investment securities 32,433 39,588 Distressed receivables 27 32 Retirement benefit asset 13,683 13,819 Deferred tax assets 314 388 Other 2,260 2,539 Allowance for doubtful accounts (85) (90) Total investments and other assets 48,633 56,277 Total non-current assets 74,531 82,141 Deferred assets Bond issuance costs 22 20 Total deferred assets 22 20 Total assets 351,990 359,219 - 4 -
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 67,111 68,132 Electronically recorded obligations - operating 50,672 52,536 Short-term borrowings 20,088 20,088 Current portion of convertible bond-type bonds with share acquisition rights 7,760 - Lease liabilities 563 599 Income taxes payable 1,776 646 Contract liabilities 11,860 17,545 Provision for bonuses 3,472 2,153 Provision for voluntary recall of goods 47 251 Other 7,724 8,440 Total current liabilities 171,079 170,395 Non-current liabilities Convertible-bond-type bonds with share acquisition rights 28,006 28,005 Long-term borrowings 28 23 Lease liabilities 2,148 2,099 Deferred tax liabilities 7,643 9,881 Retirement benefit liability 366 424 Other 2,564 3,171 Total non-current liabilities 40,757 43,605 Total liabilities 211,837 214,000 Net assets Shareholders' equity Share capital 7,909 7,909 Capital surplus 7,495 6,890 Retained earnings 112,332 111,675 Treasury shares (11,793) (10,298) Total shareholders' equity 115,944 116,176 Accumulated other comprehensive income Valuation difference on available-for-sale securities 7,298 10,876 Deferred gains or losses on hedges 68 91 Foreign currency translation adjustment 11,710 12,837 Remeasurements of defined benefit plans 3,395 3,332 Total accumulated other comprehensive income 22,472 27,137 Non-controlling interests 1,736 1,904 Total net assets 140,153 145,218 Total liabilities and net assets 351,990 359,219 - 5 -
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Quarterly consolidated statement of income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 126,136 145,862 Cost of sales 107,022 123,471 Gross profit 19,114 22,391 Selling, general and administrative expenses 17,381 19,500 Operating profit 1,732 2,890 Non-operating income Interest income 151 216 Dividend income 126 147 Subsidy income 33 - Foreign exchange gains - 89 Other 20 28 Total non-operating income 331 480 Non-operating expenses Interest expenses 46 54 Foreign exchange losses 212 - Commission for purchase of treasury shares - 121 Other 15 35 Total non-operating expenses 274 210 Ordinary profit 1,790 3,160 Extraordinary income Gain on sale of non-current assets 2 2 Gain on sale of investment securities 1,013 - Total extraordinary income 1,015 2 Extraordinary losses Loss on retirement of non-current assets 0 0 Total extraordinary losses 0 0 Profit before income taxes 2,805 3,162 Income taxes - current 390 593 Income taxes - deferred 549 533 Total income taxes 940 1,126 Profit 1,865 2,036 Profit attributable to non-controlling interests 41 122 Profit attributable to owners of parent 1,823 1,913 - 6 -
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Quarterly consolidated statement of comprehensive income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 1,865 2,036 Other comprehensive income Valuation difference on available-for-sale securities (297) 3,577 Deferred gains or losses on hedges 12 22 Foreign currency translation adjustment (1,047) 1,194 Remeasurements of defined benefit plans, net of tax (34) (62) Total other comprehensive income (1,366) 4,732 Comprehensive income 498 6,768 Comprehensive income attributable to Comprehensive income attributable to owners of parent 509 6,600 Comprehensive income attributable to non-controlling interests (10) 167 - 7 -
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(Notes on segment information, etc.) Segment Information I. The three months of the previous fiscal year (April 1, 2025 to June 30, 2025) 1. Information on sales and the amount of profit or loss for each reported segment (Millions of yen) Reportable segments Adjustment amount (Note)2 Quarterly Consolidated Statements of Income (Note)3 Total of reportable segments and others Reconciling items Total Other (Note) 1 Production Equipment Business (Note)4 Consumer Goods Business (Note)4 Building Materials Home Products Sales Revenues from external customers 77,421 20,987 26,664 125,074 1,062 126,136 - 126,136 Transactions with other se gments - - - - 2,450 2,450 (2,450) - Total 77,421 20,987 26,664 125,074 3,513 128,587 (2,450) 126,136 Segment Profit 1,201 547 1,397 3,147 (1,423) 1,723 8 1,732 2. Information on impairment losses or goodwill on fixed assets by reporting segment Not applicable. II. The three months of the current fiscal year (April 1, 2026 to June 30, 2026) 1. Information on sales and the amount of profit or loss for each reported segment (Millions of yen) Reportable segments Adjustment amount (Note)2 Quarterly Consolidated Statements of Income (Note)3 Total of reportable segments and others Reconciling items Total Other (Note) 1 Production Equipment Business (Note)4 Consumer Goods Business (Note)4 Building Materials Home Products Sales Revenues from external customers 94,078 23,760 27,030 144,869 993 145,862 - 145,862 Transactions with other se gments - - - - 2,602 2,602 (2,602) - Total 94,078 23,760 27,030 144,869 3,595 148,465 (2,602) 145,862 Segment Profit 2,842 763 1,025 4,631 (1,767) 2,863 27 2,890 Note: 1. The "Adjustments Other" category covers the service business such as event planning and the head office division, which are constituent units that are not identified as business segments. 2. The main contents of the "Adjustments" for segment profit are as follows. (Millions of yen) The three months of the previous fiscal year The three months of the current fiscal year Company-wide expenses not attributable to each of the reporting segments included in "Other" (1,447) (1,823) 3. Segment profit is adjusted to operating income in the quarterly consolidated statements of income. 4. "Production Equipment Business" is a business field that supports "manufacturing" through the supply of machine tools, machine tools, etc., and "Consumer Goods Business" is a business field that proposes "creation of comfortable living spaces" through the supply of housing equipment and home life products. 2. Information on impairment losses or goodwill on fixed assets by reporting segment Not applicable. - 8 -