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. September 2, 2026 Consolidated Financial Results for the Fiscal Year Ended July 20, 2026 (Under Japanese GAAP) Company name: Uchida Yoko Co.,Ltd. Listing: Tokyo Stock Exchange Securities code: 8057 URL: https://www.uchida.co.jp/ Representative: Noboru Okubo, Pres ident and Chief Executive Officer Inquiries: Shoichiro Satoh, Director, Ex ecutive Managing Officer, and Executive Manager of Finance Management Group Telephone: +81-3-3555-4066 Scheduled date of annual general meeting of shareholders: October 10, 2026 Scheduled date to commence dividend payments: October 14, 2026 Scheduled date to file annual securities report: October 9, 2026 Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (for analysts) (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the fiscal year ended July 20, 2026 (from July 21, 2025 to July 20, 2026) (1) Consolidated operating results (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Fiscal year ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % July 20, 2026 425,729 26.3 15,631 28.4 16,770 27.8 12,486 27.1 July 20, 2025 337,055 21.3 12,174 30.3 13,126 29.5 9,825 40.4 Note: Comprehensive income For the fiscal year ended July 20, 2026: ¥18,052 million [121.6%] For the fiscal year ended July 20, 2025: ¥8,144 million [(42.5)%] Basic earnings per share Diluted earnings per share Return on equity Ratio of ordinary profit to total assets Ratio of operating profit to net sales Fiscal year ended Yen Yen % % % July 20, 2026 253.23 - 16.0 9.3 3.7 July 20, 2025 199.45 - 14.5 8.1 3.6 Reference: Share of profit (loss) of entities accounted for using equity method For the fiscal year ended July 20, 2026: ¥171 million For the fiscal year ended July 20, 2025: ¥104 million Note: The Company conducted a 5-for-1 stock split of common shares effective January 21, 2026. Basic earnings per share was calculated assuming that the stock split had taken place at the beginning of the fiscal year. (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 July 20, 2026 187,176 85,982 45.8 1,737.66 July 20, 2025 174,917 70,805 40.3 1,431.86 Reference: Equity As of July 20, 2026: ¥85,702 million As of July 20, 2025: ¥70,548 million Note: The Company conducted a 5-for-1 stock split of common shares effective January 21, 2026.Net assets per share was calculated assuming that the stock split had taken place at the beginning of the fiscal year. (3) Consolidated cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of fiscal year Fiscal year ended Millions of yen Millions of yen Millions of yen Millions of yen July 20, 2026 13,069 (1,331) (3,466) 31,364 July 20, 2025 549 (1,027) (2,751) 23,071
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2. Cash dividends Annual dividends per share Total cash dividends (Total) Payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) First quarter- end Second quarter- end Third quarter- end Fiscal year-end Total Yen Yen Yen Yen Yen Millions of yen % % Fiscal year ended July 20, 2025 - - - 300.00 300.00 2,957 30.1 4.4 Fiscal year ended July 20, 2026 - - - 76.00 76.00 3,750 30.0 4.8 Fiscal year ending July 20, 2027 (Forecast) 76.00 76.00 35.7 Note: The Company conducted a 5-for-1 stock split of common shares effective January 21, 2026. The year-end dividend per share for the fiscal year ended July 20, 2026 and the year- end dividend per share for the fiscal year ending July 20, 2027 (forecast) are shown taking into account the impact of the stock split. The year-end dividend per share for the fiscal year ending July 20, 2026 will be 380.00 yen and the year-end dividend per share for the fiscal year ending July 20, 2027 (forecast) will be 380.00 yen. 3. Forecast of consolidated financial results for the fiscal year ending July 20, 2027 (from July 21, 2026 to July 20, 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 July 20, 2027 400,000 (6.0) 15,000 (4.0) 16,000 (4.6) 10,500 (15.9) 212.89
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* Notes (1) Significant changes in the scope of c onsolidation during the fiscal year: None (2) Changes in accounting policies, change s 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 (3) Number of issued shares (common shares) (i) Total number of issued shares at the end of the fiscal year (including treasury shares) As of July 20, 2026 52,096,855 shares As of July 20, 2025 52,096,855 shares (ii) Number of treasury shares at the end of the fiscal year As of July 20, 2026 2,776,344 shares As of July 20, 2025 2,826,679 shares (iii) Average number of shares outstanding during the fiscal year Fiscal year ended July 20, 2026 49,310,698 shares Fiscal year ended July 20, 2025 49,259,898 shares Note: The Company has conducted a stock split with an effective date of January 21, 2026 at the ratio of 5 shares to 1 common share. Assuming that the stock split occurred at the beginning of the previous fiscal year, the number of shares outstanding at the end of the fiscal year, the number of treasury shares at the end of the fiscal year, and the average number of shares during the fiscal year are calculated. [Reference] Overview of non-consolidated financial results 1. Non-consolidated financial results for the fiscal year ended July 20, 2026 (from July 21, 2025 to July 20, 2026) (1) Non-consolidated operating results (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit Fiscal year ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % July 20, 2026 219,696 40.8 6,285 27.1 11,608 28.2 10,459 26.7 July 20, 2025 156,060 15.5 4,943 71.3 9,055 52.8 8,254 67.4 Basic earnings per share Diluted earnings per share Fiscal year ended Yen Yen July 20, 2026 212.00 - July 20, 2025 167.49 - Note: The Company has conducted a stock split with an effective date of January 21, 2026 at the ratio of 5 shares to 1 common share. Assuming that the stock split occurred at the beginning of the previous fiscal year, basic earnings per share is calculated. (2) Non-consolidated financial position Total assets Net assets Equity-to-asset ratio Net assets per share As of Millions of yen Millions of yen % Yen July 20, 2026 133,767 56,838 42.5 1,151.82 July 20, 2025 129,600 47,653 36.8 966.67 Reference: Equity As of July 20, 2026: ¥56,838 million As of July 20, 2025: ¥47,653 million Note: The Company has conducted a stock split with an effective date of January 21, 2026 at the ratio of 5 shares to 1 common share. Assuming that the stock split occurred at the beginning of the previous fiscal year, net assets per share are calculated. * Financial results reports are exem pt from audit conducted by certified public accountants or an audit firm. * Proper use of earnings foreca sts, and other special matters The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and certain assumptions deemed reasonable. However, the Company makes no assurances that these forecasts will be achieved. Actual financial results and other results may differ materially due to various factors. For matters related to the above earnings forecasts and forward-looking information, please refer to “Forward-Looking Information” on page 5 of the attached materials.
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- 1 - ○Table of Contents of the Appendix 1. Overview of Operating Results and Financial Position………………………………… ……………………………… 2 (1) Overview of Operating Results for current fiscal year………………………………………………………………… 2 (2) Overview of Financial Position for the current fiscal year……………….…………………………………………… 4 (3) Overview of Cash Flows fort the current fiscal year…………………………………………………………………… 4 (4) The current fiscal year and dividends for the next fiscal year………………………………………………………… 5 (5) Outlook for the Next Fiscal Year and Forward-Looking Information………………………………………………… 5 2. Management Policies……………………………………………………………………………………………………. 6 (1) Basic Management Policies…………………………………………………………………………………………… 6 (2) Basic Policy on Distribution of Profits ………………………………………………………………………………… 6 (3) Target Management Indicators ………………………………………………………………………………………… 6 (4) Medium - to Long-term Management Strategies and Issues to be Addressed ………………………………………… 6 3. Basic Approach to the Selection of Accounting Standards……………………………………………………………… 7 4. Consolidated Financial Statements and Significant Notes Thereto……………………………………………………… 8 (1) Consolidated Balance Sheets ………………………………………………………………………………………… 8 (2) Consolidated statement of income and consolidated statement of comprehensive income …………………………… 10 (3) Consolidated Statements of Changes in Equity………………………………………………………………………… 12 (4) Consolidated Statements of Cash Flows ……………………………………………………………………………… 14 (5) Notes to Consolidated Financial Statements…………………………………………………………………………… 16 -Notes on Going Concern Assumption……………………………………………………………………………………16 -Notes on Segment information………………………………………………………………………………………… 16 -Notes on Per share information ………………………………………………………………………………………… 17 -Notes on Significant events after reporting fiscal year………………………………………………………………… 17
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- 2 - 1.Overview of Operating Results and Financial Position (1) Overview of Operating Results for the Current Fiscal Year During the fiscal year under review, the Japanese economy was affected by rising energy prices, as well as concerns over the procurement of raw materials and increases in raw material prices, due to the situation in the Middle East. However, capital investment aimed at addressing labor shortages and promoting digitalization remained firm, and corporate earnings have remained at a high level. However, looking ahead, there are also risks that the domestic economy could face downside pressure due to further increases in resource prices resulting from the stalemate in the situation in the Middle East, geopolitical turmoil spreading worldwide, and sudden changes in monetary and fiscal policies in Japan and overseas, including the United States. On the other hand, from a medium- to long-term perspective, it is becoming increasingly clear that the factor expected to have the greatest impact on Japan is the transformation of its social structure resulting from the rapid decline in the birthrate. A transition toward social and industrial structures adapted to a declining birthrate is indispensable, and the value of “people and data” is expected to increase further. Japan is therefore required to mobilize resources from both within and outside the country to maximize their utilization. For 116 years, the Uchida Yoko Group has supported customers’ “work” and “learning” activities and accumulated know- how through its various business units. In the fiscal year under review, which marks the second year of the 17th Medium- Term Management Plan, from the fiscal year ened July 20, 2025 to the fiscal year ending July 20, 2027, the Group accelerated organizational restructuring through the reconfiguration of business units based on this accumulated know-how, as well as management reforms aimed at strengthening collaboration. Through these initiatives, the Group sought to contribute to social transformation by promoting its Group Vision of “Creating Value from Information and Co-Creating Knowledge.” During the fiscal year under review, amid increasing investment demand in Japan in both public and private markets that support the utilization of “people and data,” the Group steadily captured this demand under the above policy, resulting in strong business performance. In the public market, GIGA School devices, which were introduced all at once in schools five years ago on a one-device-per- student basis, entered a full-scale replacement period. Amid the larger-scale GIGA-related special demand in the fiscal year under review, the Company demonstrated its capability to handle the entire process in an integrated manner, from device procurement to kitting and deployment, and achieved implementation results that exceeded those of the previous GIGA School device deployment cycle.At the same time, demand also expanded for large-scale projects to integrate learning and administrative networks by implementing network enhancements and security measures to enable the smooth use of large numbers of devices, and the Company increased its project wins.Meanwhile, in local government system standardization projects being advanced in line with national guidelines, the Company steadily completed the work planned for the fiscal year under review. In addition, in public facilities such as school facilities, local government facilities, and welfare facilities, the Company’s proposals tailored to issues faced in the fields of education, administration, and welfare were highly evaluated, leading to progress in project wins. As a result, in the public market as a whole, both net sales and profit significantly exceeded expectations. In the private market, the Company secured large-scale projects for solutions that visualize and utilize employee location information and environmental data within offices, while the number of users of cloud-based meeting room reservation support services also increased, ensuring stable revenue. In the first half of the fiscal year under review, replacement demand associated with Windows upgrades continued from the previous fiscal year. In software license projects for major companies, renewals of contracts with existing customers and new large-scale projects progressed throughout the year. As a result, the major private-sector market, including the office environment construction field, remained generally firm. The Company also expanded efforts to strengthen its management foundation for future growth, including hiring personnel, improving employee treatment through measures such as base salary increases, and enhancing workplace environments. In addition, selling, general and administrative expenses increased as the Company proceeded with the introduction and deployment of a common Group sales management system to strengthen Group management. As a result, consolidated net sales for the fiscal year under review were 425,729 million yen, up 26.3% year on year; operating profit was 15,631 million yen, up 28.4% year on year; ordinary profit was 16,770 million yen, up 27.8% year on year; and profit attributable to owners of parent was 12,486 million yen, up 27.1% year on year. Net sales and all profit categories reached record highs for the second consecutive fiscal year.
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- 3 - (Millions of yen) Previous Consolidated Fiscal Year Current Consolidated Fiscal Year Change Amount Change Rate (%) Net Sales 337,055 425,729 88,674 26.3 Gross Profit 52,387 59,240 6,853 13.1 Selling, general and administrative expenses 40,213 43,609 3,396 8.4 Operating Profit 12,174 15,631 3,457 28.4 Ordinary Profit 13,126 16,770 3,643 27.8 Profit attributable to owners of parent 9,825 12,486 2,661 27.1 Operating results by segment are as follows. Government and Education Business Replacement demand for one device per student under the GIGA School Program reached its peak, resulting in concentrated large-scale deployments throughout Japan. The Company leveraged the processing capacity of the kitting centers it had expanded in the previous fiscal year, as well as its nationwide deployment capabilities, to smoothly carry out the simultaneous deployment of devices. In network renewal projects that integrate administrative and learning systems, the Company secured large-scale projects as its proposals were highly evaluated for leveraging its design capabilities for large-scale device environments, technical expertise and knowledge in security, and deep understanding of school environments. The Company also made progress in receiving large-scale orders for prefecture-wide school administrative systems. In local government system standardization projects, although more local governments than expected postponed projects to the next fiscal year or later, the Company steadily completed work scheduled for the fiscal year under review as well as many related welfare system projects. In addition, amid demand for the establishment of new faculties and the reorganization of departments at universities to develop science and engineering talent, as promoted by the government, the Company secured large-scale projects by leveraging the know-how it has cultivated in handling everything from consulting to environment construction. Furthermore, in school reconstruction and renovation projects aimed at supporting new forms of education, the Company made steady progress in winning increasingly large-scale projects. As a result, net sales were 161,038 million yen, up 73.6% year on year, and operating profit was 8,974 million yen, up 71.2% year on year, representing substantial growth. Office Business As corporate earnings remained firm, companies continued to invest in creating comfortable office environments aimed at securing and retaining human resources. Against this backdrop, demand for high-grade, large-scale projects also expanded in the shared office and rental office fields, and the Company won numerous projects. In addition, large-scale office investments, including office relocations, layout changes, and initiatives to enhance communication, remained solid primarily in the Tokyo, Nagoya, and Osaka metropolitan areas. In regional areas, renovation demand aimed at strengthening branch functions increased, and the Company won large-scale welfare facility projects, while public-sector government building projects also performed steadily. Although the Company steadily captured this demand, net sales were 59,172 million yen, down 0.4% year on year, due to the reactionary decline from large-scale projects recorded in the previous fiscal year. On the other hand, operating profit was 2,132 million yen, up 7.3% year on year, reflecting the recovery of overseas markets and improved profitability in peripheral office-related businesses. Information Business Among major private-sector companies, amid growing needs for infrastructure development with a view to AI and data utilization, the Company made progress in securing large-scale system projects that visualize employee location information and various data within office buildings in real time, in order to enhance communication among employees and understand office utilization. Contracts for the Company’s meeting room operation support service, in which it holds a high market share, also grew steadily. In addition, IT service-related demand associated with the termination of Windows 10 support, which had continued from the previous fiscal year, contributed to results in the first quarter of the fiscal year under review. Cloud-based subscription software license contracts also continued to grow throughout the year. On the other hand, in relatively highly profitable SI projects for small and medium-sized enterprises, many business negotiations were postponed due to delays in the supply of servers and PCs caused by semiconductor shortages. In addition, demand for business system renewals was in a transition period. As a result, net sales were 204,447 million, up 11.3% year on year, and operating profit was 4,293 million yen, down 6.5% year on year.
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- 4 - Other The principal businesses in this segment are education and training services and staffing services. Although net sales were 1,071 million, down 10.2% year on year, group training progra ms and DX training services for private-sector companies continued to perform steadily. Operating profit was 174 million yen, down 39.9% year on year. (2) Overview of Financial Position for the Current Fiscal Year (Assets, Liabilities, and Net Assets) (Millions of yen) Previous Consolidated Fiscal Year Current Consolidated Fiscal Year Change Amount Change Rate (%) Current assets 131,642 136,431 4,788 3.6 Non-current assets 43,274 50,744 7,470 17.3 Total assets 174,917 187,176 12,259 7.0 Current liabilities 92,319 87,302 (5,017) (5.4) Non-current liabilities 11,793 13,892 2,099 17.8 Total liabilities 104,112 101,194 (2,917) (2.8) Total net assets 70,805 85,982 15,176 21.4 Equity-to-asset ratio (%) 40.3 45.8 +5.5points - ・Current assets increased by 4,788 million yen in total, mainly due to an increase of 8,563 million yen in cash and deposits, and decreases of 2,348 million yen in inventories and 1,898 million yen in notes and accounts receivable - trade, and contract assets. ・Non-current assets increased by 7,470 million yen in total, mainly due to an increase of 5,189 million yen in retirement benefit asset and an increase of 2,312 million yen in investment securities resulting from the fair value valuation of listed securities. ・Current liabilities decreased by 5,017 million in total, mainly due to decreases of 12,023 million yen in trade payables and 3,056 million yen in accounts payable - other, despite increases of 6,784 million yen in contract liabilities, 1,960 million yen in accrued consumption taxes, and 651 million yen in income taxes payable. ・Non-current liabilities increased by 2,099 million yen in total, mainly due to increases of 2,038 million yen in deferred tax liabilities and 581 in provision for product warranties, and a decrease of 693 million yen in retirement benefit liability. ・Total net assets increased by 15,176 million yen, mainly due to the recording of profit attributable to owners of parent of 12,486 million yen, a decrease of 2,957 million yen resulting from dividends paid, increases of 3,431 million yen in remeasurements of defined benefit plans and 1,654 million yen in valuation difference on available-for-sale securities resulting from the fair value valuation of listed securities. ・As a result, the equity-to-asset ratio increased by 5.5 percentage points, from 40.3% at the end of the previous fiscal year to 45.8%. (3) Overview of Cash Flows for the Current Fiscal Year (Millions of yen) Previous Consolidated Fiscal Year Current Consolidated Fiscal Year Change Amount Cash flows from operating activities 549 13,069 12,520 Cash flows from investing activities △1,027 △1,331 △304 Cash flows from financing activities △2,751 △3,466 △715 Cash and cash equivalents at the end of the fiscal year under review increased by 8,292 million yen from the end of the previous fiscal year to 31,364 million yen. ・Net cash provided by operating activities amounted to 13,069 m illion yen, compared with 549 million yen provided in the previous fiscal year. This was mainly due to the recording of profit before income taxes of 18,009 million yen, compared with 14,479 million yen in the previous fiscal year; an increase in contract liabilities of 6,783 million yen, compared with an increase of 56 million yen in the previous fiscal year; a decr ease in inventories of 2,414 million yen, compared with an increase of 13,118 million yen in the previous fiscal year; and a decrease in trade receivables and contract assets of 1,949 million yen, compared with an increase of 14,555 million yen in the previous fiscal year. These factors were partially offset by a decrease in trade payables of 12,051 million yen, compared with an increase of 18,334 million yen in the previous fiscal year, and income taxes paid of 5,119 million yen, compared with 3,032 million yen in the previous fiscal year. ・Net cash used in investing activities amounted to 1,331 million ye n, compared with 1,027 million yen used in the previous fiscal year. This decrease was mainly du e to cash outflows including payments of loans receivable of 1,263 million yen, purchase of intangible assets of 1,072 million yen, and purchase of property, plant and equipment of 888 million yen, partially offset by proceeds from sale of investment securities of 1,724 million yen.
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- 5 - ・Net cash used in financing activities amounted to 3,466 million yen, compared with 2,751 million yen used in the previous fiscal year. This decrease was mainly due to dividends paid of 2,957 million yen. The following is a summary of changes in the Group's cash flow-related indicators. Fiscal year ended July 2022 Fiscal year ended July 2023 Fiscal year ended July 2024 Fiscal year ended July 2025 Fiscal year ended July 2026 Equity-to-asset ratio (%) 36.7% 39.2% 42.8% 40.3% 45.8% Market value-based equity ratio 38.0% 39.7% 53.9% 56.1% 55.4% Cash flow to interest- bearing debt ratio － 0.7 years 1.1 years 9.1 years 0.4 years Interest coverage ratio － 120.0 times 79.6 times 6.9 times 125.6 times Equity-to-asset ratio: Equity / Total assets Equity-to-asset ratio based on market value: Market capitalization / Total assets Interest-bearing debt to cash flow ratio: Interest-bearing debt / Operating cash flow Interest coverage ratio: Operating cash flow / Interest payments •All indicators are calculated based on consolidated financial figures. •Market capitalization is calculated by multiplying the closing share price at the end of the fiscal year by the number of shares outstanding at the end of the fiscal year, excluding treasury shares. •Operating cash flow is the cash flows from operating activities in the consolidated statement of cash flows. Interest-bearing debt includes all liabilities recorded on the consolidated balance sheet on which interest is paid. Interest payments are based on interest paid as stated in the consolidated statement of cash flows. •The interest-bearing debt to cash flow ratio and interest coverage ratio for the fi scal year ended July 20, 2022 are not presented because operating cash flow was negative. (4) Dividends for the Current and Next Fiscal Years In the current fiscal year, business performance significantly exceeded the initial forecast, resulting in a substantial increase in profit attributable to owners of parent. Accordingly, the Compan y has decided to increase the ordinary dividend per share by 4.00 yen, from 72.00 yen per share announced on June 3, 2026, to 76.00 yen per share. For the next fiscal year, the Company currently plans to continue paying a dividend of 76.00 yen, the same amount as the dividend for the current fiscal year. However, the Company will make an appropriate decisi on based on a comprehensive consideration of future earnings trends, the business environment, and other factors. The basic policy on profit distribution is described in “2. Management Policies (2) Basic Policy on Profit Distribution.” (5) Outlook for the Next Fiscal Year and Forward-Looking Information For the next fiscal year, progress is expected in local government system standardization projects that were postponed from the current fiscal year to the next fiscal year. However, replacement demand associated with the termination of Windows 10 support is expected to subside, and only some device replacement projects related to the GIGA School Program are expected to remain. On the other hand, business results in other areas that form the baseline of the Group’s performance are expected to steadily expand, mainly in the private market. Accordingly, in terms of both net sales and profit, the Group plans to maintain a level close to that of the current fiscal year, in which record-high profits were significantly renewed. In the private market, investment in DX and talent acquisition is expected to remain strong. The Group expects growth in the office environment construction business, as well as growth in the major private-sector ICT business and a recovery in business system projects for small and medium-sized enterprises. In the public market, the Group will proceed with local government system standardization projects. In addition, with a view to utilizing data after the GIGA School Program, the Group will promote large-scale network construction, one of its strengths, as well as the creation of learning environments that facilitate the use of ICT. Based on these factors, the Group forecasts consolidated net sales of 400,000 million yen, down 6.0% year on year; operating profit of 15,000 million yen, down 4.0% year on year; and ordinary profit of 16,000 million yen, down 4.6% year on year for the next fiscal year. Profit attributable to owners of parent is also forecast at 10,500 million yen, down 15.9% year on year, although the Group does not expect to record the gain on sale of investment securities that was recorded in the previous fiscal year. The Group plans to maintain profit attributable to owners of parent at a level of at least the 10,000 million yen range. The next fiscal year will be the final year of the 17th Medium-Term Management Plan. At the start of the plan, the Group expected special demand to subside in the third year and projected net sales of 340,000 million yen and operating profit of 11,500 million yen. However, based on the circumstances descri bed above, the earnings forecast for the next fiscal year is expected to significantly exceed those level.
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- 6 - (Millions of yen) Results for the fiscal year ended July 20 2022 Results for the fiscal year ended July 20 2023 Results for the fiscal year ended July 20 2024 Results for the fiscal year ended July 20 2025 Results for the fiscal year ended July 20 2026 Forecast for the fiscal year ending July 20 2027 Compared to 2022 Net sales 221,856 246,549 277,940 337,055 425,729 400,000 Year-on-year change 76.2% 111.1% 112.7% 121.3% 126.3% 94.0% 180.3% Operating income 7,890 8,436 9,345 12,174 15,631 15,000 Year-on-year change 76.1% 106.9% 110.8% 130.3% 128.4% 96.0% 190.1% Profit*1 4,840 6,366 6,996 9,825 12,486 10,500 Year-on-year change 78.6% 131.5% 109.9% 140.4% 127.1% 84.1% 216.9% *1 Profit attributable to owners of parent The figures in the above forecasts are based on judgments and assumptions made in light of information currently available to the Company. Changes in economic trends in Japan and overseas may have a significant impact on business performance. We will disclose any major changes in the future as appropriate. 2. Management Policies (1) Basic Management Policy Based on its corporate philosophy of "Through the creation of environments conducive to innovation and creativity, we play our part in building a better world for all and helping to delive r industrial prosperity and happiness for our employees." the Group aims to be a company that earns the trust and satisfaction of all stakeholders in society, including shareholders, business partners, and employees. We have defined our corporate vision as "Creating value from data and Collaborating in the Design of knowledge," and have made continuing to support our customers' growth the reason for our Group's existence. We aim to contribute to society and enhance our corporate value. (2) Basic Policy on Profit Distribution With regard to shareholder returns, the Company’s basic policy is to aim for further expansion and enhancement of shareholder returns, balancing “enhancement of financial base” and “investment for realization of medium- to long-term corporate management strategies” on the premise of maintaining stable dividends. Under this policy, the Company will implement a progressive divi dend policy, under which it will, in principle, maintain or increase the dividend level. (3) Target Management Indicators We aim to maintain a stable return on equity (ROE) of 10% or more while promoting investments for our own transformation to respond to future market changes. (4) Medium- to Long-Term Management Strategies and Issues to Be Addressed The most significant impact on Japanese society going forward will be changes in the social structure caused by the rapid decline in the birthrate in Japan. For Japan to achieve growth, it is essential to transform its social and industrial structur es in response to the declining birthrate. Investment in “people” and “data” will become increasingly important for transformation that changes mechanisms together with the utilization of data. Over its 116-year history, the Uchida Yoko Group has consistently worked to develop customers’ “work” and “learning” in both the private and public markets. Through these efforts, the Group has developed both ICT-related businesses and environment construction-related businesses, and has built numerous distinctive and unique business units. We believe that bringing together the know-how accumulated ac ross the Group’s diverse businesses to contribute to Japanese so ciety, where the utilization of people and data will be increasingly required, is both the Group’s social mission and a growth opportunity. However, under the mere extension of conventional management practices, there were circumstances in which these valuable resources could not be fully utilized. Therefore, in order to address the significant impact of Japan’s declining birthrate, which is certain to materialize in the future, the Group began reforms in 2015 from a medium- to long-term perspective. Under the 14th Medium-Term Management Plan, from the fiscal year ended July 20, 2016 to the fiscal year ended July 20, 2018, the Group adopted a perspective different from its conventional three-segment structure. In order to take a comprehensive view of all businesses across the Company, the Group established a business portfolio based on four matrices: from the business axis, ICT-related businesses and environment construction-related businesses, and from the market axis, the private market and the public market. Based on this portfolio, the Group began sharing resources.
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- 7 - Under the 15th Medium-Term Management Plan, from the fiscal year ended July 20, 2019 to the fiscal year ended July 20, 2021, the sharing of resources enhanced flexibility and mobility, enabling the Group to respond more broadly and steadily than before to the expansion in demand around 2020 and achieve record-high profits. This effect also proved effective during the COVID-19 pandemic, allowing the Group to respond accurately and flexibly to rapid market changes, including GIGA School Program projects and increased IT investments by major private companies. As a result, the Group achieved significant results and raised the baseline of performance in each business field. Under the 16th Medium-Term Management Plan, from the fiscal year ended July 20, 2022 to the fiscal year ended July 20, 2024, the Group proceeded with organizational restructuring mainly at Uchida Yoko Co., Ltd., while also beginning preparations for restructuring across the entire Group. In a ddition to making consolidated listed subsidiary UCHIDA ESCO Co., Ltd. a wholly owned subsidiary, the Group began making large-scale investments to build a common Group sales management system. The Group also took on the challenge of overseas investment by acquiring a 100% interest in a software development company in Luxembourg to achieve new growth. Under the current 17th Medium-Term Management Plan, from the fiscal year ended July 20, 2025 to the fiscal year ending July 20, 2027, the Group aims to establish its unique competitiv e advantage by utilizing resources across the entire Group and strengthening competitiveness through the mobilization of resour ces beyond segments, in order to bring together its ICT and environment construction know-how in strategically important markets. In the fiscal year ended July 20, 2026, the development of the common sales management system integrated across the Group has progressed to the final group companies. The Group is also advancing a common Group framework and system development for the reorganization and strengthening of system engineers in order to respond to the expected expansion of data utilization going forward. In the fiscal year ending July 20, 2027, in the major private-sector ICT business, where growth is expected, the Group will effectively integrate operations across Group companies and promote customer development in coordination with the Office Business. In the public market, based on the significant results achieved through the GIGA School Program and local government system standardization projects, the Group will strengthen its structure to bring together the strengths of its education ICT business and local government business. Through these initiatives, the Group will contribute to Japanese society by promoting its Group Vision of “Creating Value from Information and Co-Creating Knowledge.” 3. Basic Policy on Selection of Accounting Standards Taking into consideration the comparability of consolidated financial statements across periods and among companies, the Group's policy is to prepare its consolidated financial statements in accordance with Japanese GAAP for the time being. With regard to the application of IFRS, the Group intends to respond appropriately after considering developments in Japan and overseas.
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- 8 - 4. Consolidated Financial Statements and Significant Notes Thereto (1)Consolidated balance sheet (Millions of yen) As of July 20, 2025 As of July 20, 2026 Assets Current assets Cash and deposits 25,872 34,436 Notes and accounts receivable - trade, and contract assets 69,634 67,735 Securities 1,500 1,500 Merchandise and finished goods 14,326 10,290 Work in process 15,588 17,161 Raw materials and supplies 614 728 Short-term loans receivable 310 1,515 Other 3,854 3,145 Allowance for doubtful accounts (58) (83) Total current assets 131,642 136,431 Non-current assets Property, plant and equipment Buildings and structures 13,787 14,197 Accumulated depreciation (10,749) (10,957) Buildings and structures, net 3,037 3,239 Machinery, equipment and vehicles 2,132 2,305 Accumulated depreciation (1,856) (1,890) Machinery, equipment and vehicles, net 276 415 Tools, furniture and fixtures 7,068 6,849 Accumulated depreciation (6,245) (5,922) Tools, furniture and fixtures, net 823 927 Leased assets 310 352 Accumulated depreciation (202) (188) Leased assets, net 108 163 Land 6,381 6,429 Total property, plant and equipment 10,627 11,174 Intangible assets Software 3,190 2,831 Other 33 24 Total intangible assets 3,224 2,855 Investments and other assets Investment securities 19,479 21,791 Long-term loans receivable 197 - Retirement benefit asset 6,954 12,143 Deferred tax assets 1,359 1,332 Other 1,557 1,572 Allowance for doubtful accounts (125) (126) Total investments and other assets 29,423 36,714 Total non-current assets 43,274 50,744 Total assets 174,917 187,176
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- 9 - (Millions of yen) As of July 20, 2025 As of July 20, 2026 Liabilities Current liabilities Notes and accounts payable - trade 50,775 41,889 Electronically recorded obligations - operating 8,213 5,076 Short-term borrowings 1,970 1,910 Accrued expenses 5,579 5,589 Accounts payable - other 4,661 1,604 Income taxes payable 3,242 3,893 Accrued consumption taxes 579 2,540 Contract liabilities 12,096 18,880 Provision for product warranties 306 205 Provision for bonuses 3,116 3,274 Provision for loss on construction contracts 52 218 Other 1,725 2,219 Total current liabilities 92,319 87,302 Non-current liabilities Deferred tax liabilities 2,821 4,860 Provision for product warranties - 581 Retirement benefit liability 6,012 5,319 Asset retirement obligations 238 362 Other 2,719 2,768 Total non-current liabilities 11,793 13,892 Total liabilities 104,112 101,194 Net assets Shareholders' equity Share capital 5,000 5,000 Capital surplus 80 171 Retained earnings 57,146 66,675 Treasury shares (1,366) (1,342) Total shareholders' equity 60,860 70,503 Accumulated other comprehensive income Valuation difference on available-for-sale securities 7,702 9,356 Foreign currency translation adjustment 486 912 Remeasurements of defined benefit plans 1,498 4,929 Total accumulated other comprehensive income 9,687 15,198 Non-controlling interests 257 279 Total net assets 70,805 85,982 Total liabilities and net assets 174,917 187,176
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- 10 - (2)Consolidated statement of income (Millions of yen) Fiscal year ended July 20, 2025 Fiscal year ended July 20, 2026 Net sales 337,055 425,729 Cost of sales 284,668 366,489 Gross profit 52,387 59,240 Selling, general and administrative expenses 40,213 43,609 Operating profit 12,174 15,631 Non-operating income Interest income 108 172 Dividend income 563 606 Share of profit of entities accounted for using equity method 104 171 Rental income from real estate 27 25 Other 314 344 Total non-operating income 1,118 1,320 Non-operating expenses Interest expenses 80 104 Rental expenses on real estate 14 12 Loss on retirement of non-current assets 12 17 Bad debt expenses 25 - Other 32 47 Total non-operating expenses 166 181 Ordinary profit 13,126 16,770 Extraordinary income Gain on sale of investment securities 1,353 1,279 Total extraordinary income 1,353 1,279 Extraordinary losses Loss on valuation of shares of subsidiaries and associates - 39 Total extraordinary losses - 39 Profit before income taxes 14,479 18,009 Income taxes - current 4,366 5,717 Income taxes - deferred 245 (249) Total income taxes 4,612 5,468 Profit 9,867 12,541 Profit attributable to non-controlling interests 42 54 Profit attributable to owners of parent 9,825 12,486
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- 11 - Consolidated statement of comprehensive income (Millions of yen) Fiscal year ended July 20, 2025 Fiscal year ended July 20, 2026 Profit 9,867 12,541 Other comprehensive income Valuation difference on available-for-sale securities (747) 1,621 Foreign currency translation adjustment (302) 425 Remeasurements of defined benefit plans, net of tax (683) 3,431 Share of other comprehensive income of entities accounted for using equity method 11 32 Total other comprehensive income (1,722) 5,511 Comprehensive income 8,144 18,052 Comprehensive income attributable to Comprehensive income attributable to owners of parent 8,102 17,997 Comprehensive income attributable to non-controlling interests 42 54
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- 12 - (3)Consolidated statement of changes in equity Fiscal year ended July 20, 2025 (Millions of yen) Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders' equity Balance at beginning of fiscal year 5,000 34 49,487 (1,391) 53,131 Changes during fiscal year Dividends of surplus (2,166) (2,166) Profit attributable to owners of parent 9,825 9,825 Purchase of treasury shares (1) (1) Disposal of treasury shares 46 26 72 Net changes in items other than shareholders' equity Total changes during fiscal year - 46 7,658 24 7,729 Balance at end of fiscal year 5,000 80 57,146 (1,366) 60,860 Accumulated other comprehensive income Non- controlling interests Total net assets Valuation difference on available- for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Balance at beginning of fiscal yea r 8,438 788 2,182 11,409 247 64,788 Changes during fiscal year Dividends of surplus (2,166) Profit attributable to owners of parent 9,825 Purchase of treasury shares (1) Disposal of treasury shares 72 Net changes in items other than shareholders' equity (736) (302) (683) (1,722) 9 (1,712) Total changes during fiscal year (736) (302) (683) (1,722) 9 6,016 Balance at end of fiscal year 7,702 486 1,498 9,687 257 70,805
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- 13 - Fiscal year ended July 20, 2026 (Millions of yen) Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders' equity Balance at beginning of fiscal year 5,000 80 57,146 (1,366) 60,860 Changes during fiscal year Dividends of surplus (2,957) (2,957) Profit attributable to owners of parent 12,486 12,486 Purchase of treasury shares (1) (1) Disposal of treasury shares 90 24 115 Net changes in items other than shareholders' equity Total changes during fiscal year - 90 9,528 23 9,643 Balance at end of fiscal year 5,000 171 66,675 (1,342) 70,503 Accumulated other comprehensive income Non- controlling interests Total net assets Valuation difference on available- for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Balance at beginning of fiscal year 7,702 486 1,498 9,687 257 70,805 Changes during fiscal year Dividends of surplus (2,957) Profit attributable to owners of parent 12,486 Purchase of treasury shares (1) Disposal of treasury shares 115 Net changes in items other than shareholders' equity 1,654 425 3,431 5,511 22 5,533 Total changes during fiscal year 1,654 425 3,431 5,511 22 15,176 Balance at end of fiscal year 9,356 912 4,929 15,198 279 85,982
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- 14 - (4)Consolidated statement of cash flows (Millions of yen) Fiscal year ended July 20, 2025 Fiscal year ended July 20, 2026 Cash flows from operating activities Profit before income taxes 14,479 18,009 Depreciation 1,950 2,244 Increase (decrease) in allowance for doubtful accounts (16) 23 Increase (decrease) in provision for product warranties (397) 480 Increase (decrease) in provision for loss on construction contracts 17 166 Decrease (increase) in retirement benefit asset (903) (638) Increase (decrease) in retirement benefit liability (81) (234) Interest and dividend income (672) (779) Interest expenses 80 104 Share of loss (profit) of entities accounted for using equity method (104) (171) Loss on valuation of shares of subsidiaries and associates - 39 Loss (gain) on sale of investment securities (1,353) (1,279) Decrease (increase) in accounts receivable - trade, and contract assets (14,555) 1,949 Decrease (increase) in inventories (13,118) 2,414 Increase (decrease) in trade payables 18,334 (12,051) Increase (decrease) in contract liabilities 56 6,783 Increase (decrease) in accrued expenses (64) 1 Increase (decrease) in accounts payable - other (8) (3,249) Increase (decrease) in accrued consumption taxes (564) 1,960 Other, net (118) 1,719 Subtotal 2,960 17,495 Interest and dividends received 679 789 Interest paid (80) (104) Income taxes paid (3,032) (5,119) Income taxes refund 22 8 Net cash provided by (used in) operating activities 549 13,069
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- 15 - (Millions of yen) Fiscal year ended July 20, 2025 Fiscal year ended July 20, 2026 Cash flows from investing activities Payments into time deposits and other (188) (306) Proceeds from withdrawal of time deposits and other 200 257 Purchase of property, plant and equipment (725) (888) Proceeds from sale of property, plant and equipment 0 1 Purchase of intangible assets (1,243) (1,072) Purchase of investment securities (108) (3) Proceeds from sale of investment securities 1,210 1,724 Loan advances (311) (1,263) Proceeds from collection of loans receivable 144 255 Other, net (5) (36) Net cash provided by (used in) investing activities (1,027) (1,331) Cash flows from financing activities Net increase (decrease) in short-term borrowings (160) (60) Repayments of lease liabilities (390) (415) Dividends paid (2,166) (2,957) Dividends paid to non-controlling interests (32) (32) Purchase of treasury shares (1) (1) Net cash provided by (used in) financing activities (2,751) (3,466) Effect of exchange rate change on cash and cash equivalents 13 21 Net increase (decrease) in cash and cash equivalents (3,214) 8,292 Cash and cash equivalents at beginning of fiscal year 26,286 23,071 Cash and cash equivalents at end of fiscal year 23,071 31,364
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- 16 - (5) Notes to Consolidated Financial Statements Notes on Going Concern Assumption No items to be reported Notes on Segment information Segment Information 1 Overview of Reporting Segments The Group's reporting segments consist of segments that take into account similarities between products and services and sales markets, and are subject to periodic review by the Board of Directors in order to determine the allocation of management resources and evaluate business performance. The details of the business for each reporting segment for the current fiscal year are as follows. Government and Education Business is engaged in the construction and sale of ICT systems to universities, elementary, junior high, and high school markets, the manufacture and sale of educational equipment, the design and sale of space design and furniture to educational facilities, the core business of government agencies and local governments, the construction of ICT systems, and the manufacture, sale, design, and construction of office-related furniture. Office Business, manufactures, and sells office-related furniture for the private and public markets, designs, designs, and constructs spaces, sells ICT equipment, and manufactures and sells office machinery and hobby craft-related products. Information Business is engaged in the design and construction of mission-critical systems for companies, the design, construction, maintenance, and sale of ICT equipment and network systems, and the provision and sale of software licenses and ICT asset management. 2. Method of calculating the amount of sales, profits or losses, assets, liabilities, and other items for each reporting segment The method of accounting for the reported business segments is generally the same as described in the "Fundamental Important Matters for the Preparation of Consolidated Financial Statements". Profit in the reporting segment is a figure based on operating income. Internal revenues and transfers between segments are based on prevailing market prices. 3. Information on the amount of sales, profits or losses, assets, liabilities, and other items for each reporting segment The previous fiscal year (July 21, 2024 to July 20, 2025) (Millions of yen) Reportable segments Other (Note) 1 Total Adjustments (Note) 2 Amount recorded in consolidated financial statements (Note)3 Government and Education Business Office Business Information Business Total Net Sales Sales to external customers 92,781 59, 419 183,661 335,862 1,192 337,055 - 337,055 Intersegment sales or transfers 84 274 181 540 5,694 6,234 (6,234) - Total 92,865 59,694 183,843 336,402 6,887 343,290 (6,234) 337,055 Segment Profit 5,240 1,987 4,591 11,819 290 12,109 64 12,174 Segment Assets 48,063 28,725 67,183 143,972 4,060 148,032 26,884 174,917 Other items Depreciation 1,045 540 294 1,880 70 1,950 - 1,950 Impairment losses - - - - - - - - Increase in property, plant and equipment and intangible assets 1,034 527 396 1,959 16 1,975 - 1,975 Note: 1 The "Other" category consists of business segments not included in the reporting segments and includes education and training business, staffing service business, real estate leasing business, and others. 2 The adjustment amount is as follows: (1) The amount of adjustment for segment profit is the elimination of inter-segment transactions. (2) The main items of the adjusted segment assets of 26,884 million yen are cash and deposits of the parent company and investment securities that have not been allocated to each reporting segment. 3 Segment profit is adjusted to operating income in the consolidated statements of income.
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- 17 - The current fiscal year (July 21, 2025 to July 20, 2026) (Millions of yen) Re portable segments Other (Note) 1 Total Adjustments (Note) 2 Amount recorded in consolidated financial statements (Note)3 Government and Education Business Office Business Information Business Total Net Sales Sales to external customers 161,038 59, 172 204,447 424,658 1,071 425,729 - 425,729 Intersegment sales or transfers 84 242 120 447 6,038 6,485 (6,485) - Total 161,122 59,415 204,567 425,105 7,109 432,215 (6,485) 425,729 Segment Profit 8,974 2,132 4,293 15,399 174 15,574 56 15,631 Segment Assets 53,391 31,018 65,729 150,139 4,171 154,310 32,866 187,176 Other items Depreciation 1,217 616 353 2,187 57 2,244 - 2,244 Impairment losses - - - - - - - - Increase in property, plant and equipment and intangible assets 1,014 832 382 2,230 21 2,251 - 2,251 Note: 1 The "Other" category consists of business segments not included in the reporting segments and includes education and training business, staffing service business, real estate leasing business, and others. 2 The adjustment amount is as follows: (1) The amount of adjustment for segment profit is the elimination of inter-segment transactions. (2) The main items of the adjusted segment assets of 32,866 million yen are cash and deposits of the parent company and investment securities that have not been allocated to each reporting segment. 3 Segment profit is adjusted to operating income in the consolidated statements of income. Notes on Per share information item Previous Fiscal Year (From July 21, 2024 to July 20, 2025) Current Fiscal Year (From July 21, 2025 to July 20, 2026) Net assets per share 1, 431.86 yen 1,737.66 yen Net earnings per share 199.45 yen 253.23 yen Note: 1 Diluted earnings per share are not presented because the company has no securities with dilutive effects. 2 The Company has conducted a stock split with an effec tive date of January 21, 2026 at the ratio of 5 shares to 1 common share. Assuming that the stock split occurred at the beginning of the previous fiscal year, net assets per share and net earnings per share are calculated. 3 The basis for calculating the current fiscal year profit per share is as follows: item Previous Fiscal Year (From July 21, 2024 to July 20, 2025) Current Fiscal Year (From July 21, 2025 to July 20, 2026) Profit attributable to owners of parent (millions of yen) 9,825 12,486 Amounts not attributable to common shareholders (millions of yen) -- Profit attributable to owners of parent attributable to common shares (millions of yen) 9,825 12,486 Average number of common shares outstanding during the fiscal year (Thousand shares) 49,259 49,310 Notes on Significant events after reporting fiscal year No items to be reported