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SSC 人 を 想い 、 産業 を つなぐ Financial Results Briefing for FY2026 Q1 SEIKA CORPORATION TSE Prime Market : 8061
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2© SEIKA CORPORATION Business Overview Energy Business Industrial Machinery Business Product Business Parent /C onsolidated S ubsidiaries Equity - M ethod Affiliates SEIKA CORPORATION Meinan Kyodo Energy Co., Ltd. TVE Co. Ltd. Fenwal Controls of Japan, Ltd. S-TEC CO., LTD. TEN FEET WRIGHT INC. SEIKA CORPORATION Seika Sangyo GmbH SEIKA MACHINERY , INC. SEIKA (SHANGHAI) CO., LTD. FORMOSA SEIKA CORPORATION SEIKA SANGYO (VIETNAM) COMPANY LTD. Seika Sangyo (Thailand) Co., Ltd. ASAHI SUNAC CORPORATION (Became a subsidiary on Dec. 1, 2025) SEIKA CORPORATION Tsurumi (Europe) Group NIPPON DAIYA VALVE Group Seika Daiya Engine Co., Ltd. SHIKISHIMA KIKI Co., Ltd. Seika Digital Image Corporation Shipyard Tanaka Co., Ltd. Production equipment for functional materials, foods and beverages; automation/labor- saving equipment; plant equipment Reference: p. 36 Main Products Energy generation-related facilities including thermal, nuclear, and renewable energy Reference: p. 32 Submersible pumps, industrial valves, marine engines, and products related to semiconductors and special measurement Reference: p. 39
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3© SEIKA CORPORATION CONTENTS 1. Financial Summary 2. Summary of Consolidated Financial Results for FY2026 Q1 3. Consolidated Forecast for FY2026 4. Shareholder Returns Reference Materials
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© SEIKA CORPORATION 4 1. Financial Summary 2. Summary of Consolidated Financial Results for FY2026 Q1 3. Consolidated Forecast for FY2026 4. Shareholder Returns Reference Materials
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5© SEIKA CORPORATION Financial Summary Net sales: ¥27.73 bn (up ¥2.16 bn YoY) Operating profit: ¥2.54 bn (up ¥0.95 bn YoY) Profit attributable to owners of parent: ¥2.75 bn (up ¥0.97 bn YoY) Significant increases in both net sales and profit, driven by strong performance in the Energy Business and major subsidiaries. Order backlog: ¥83.67 bn (up ¥16.85 bn YoY) Dividend forecast: ¥105.00 per share (FY2025 dividend: ¥81.66 per share) * For the MHI distributor business in the Energy Business (commissioned transactions), net fees alone are posted. Net sales* FY2026 Q1 ¥ 27.73 bn +8.5% FY2025 Q1 ¥25.56 bn Operating profit FY2026 Q1 ¥ 2.54 bn +59.7% FY2025 Q1 ¥1.59 bn Orders received FY2026 Q1 ¥ 34.56 bn +34.9% FY2025 Q1 ¥25.62 bn Order backlog FY2026 Q1 ¥ 83.67 bn +25.2% FY2025 Q1 ¥66.81 bn Dividend forecast FY2026 ¥ 105.00 + ¥ 23.34 FY2025 ¥81.66 Disclosed the Annual Securities Report for FY2025 on June 5, 2026, 19 days before the Annual General Meeting of Shareholders
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6© SEIKA CORPORATION Previous forecast Revised forecast Change Net sales ¥125.0 bn ¥128.0 bn ＋2.4% Operating profit ¥9.1 bn ¥10.5 bn ＋15.4% Ordinary profit ¥9.8 bn ¥11.0 bn ＋12.2% Profit attributable to owners of parent ¥7.6 bn ¥8.4 bn ＋10.5% Earnings per share ¥214.89 ¥232.49 ― Financial Summary (Upward Revision and Dividend Increase in FY2026) Dividend forecast Full-year forecast Previous forecast ¥93.00 Revised forecast ¥105.00 Since orders and deliveries progressed at a pace exceeding expectations in the Energy Business, the Company revised its financial results forecast upward, with net sales, operating profit, ordinary profit, and profit attributable to owners of parent expected to exceed previous forecasts. The Company regards shareholder returns as one of its top management priorities. In light of its basic policy of paying stable dividends with a target dividend payout ratio of 45%, as well as the above revision to its earnings forecast, the Company has revised its year-end dividend forecast for the current fiscal year upward by ¥12 per share, from the previously announced ¥47, to ¥59 per share. (Interim: ¥46 / Year-end: ¥47) (Interim: ¥46 / Year-end: ¥59)
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© SEIKA CORPORATION 7 1. Financial Summary 2. Summary of Consolidated Financial Results for FY2026 Q1 3. Consolidated Forecast for FY2026 4. Shareholder Returns Reference Materials
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8© SEIKA CORPORATION Summary of Consolidated Financial Results for FY2026 Q1 FY2025 Q1 FY2026 Q1 Change Transaction value ¥63.10 bn ¥67.21 bn +6.5% Net sales ¥25.56 bn ¥27.73 bn +8.5% Operating profit ¥1.59 bn ¥2.54 bn +59.7% Ordinary profit ¥1.79 bn ¥2.73 bn +52.3% Profit attributable to owners of parent ¥1.78 bn ¥2.75 bn +54.4% Orders received ¥25.62 bn ¥34.56 bn +34.9% Order backlog ¥66.81 bn ¥83.67 bn +25.2%
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9© SEIKA CORPORATION Progress of Consolidated Financial Results 0 25 50 75 100 Profit attributable to owners of parent Ordinary profit Operating profit Net sales Q1 Q2 Q3 Q4 27.73 2.54 2.73 2.75 21.7% 24.2% 24.9% 32.8% Results Full-year forecast (previous forecast) 27.73 128.0 (125.0) 2.54 10.5 (9.1) 2.73 11.0 (9.8) 2.75 8.4 (7.6) 34.56 – (Billions of yen) Progress Net sales Operating profit Ordinary profit Profit attributable to owners of parent 34.56受注高Orders received
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10© SEIKA CORPORATION 48.56 54.78 149.76 26.30 117.23 As of March 31, 2026 Total assets ¥198.32 bn Total liabilities ¥143.54 bn Current assets Non-current assets Non-current liabilities Net assets Current liabilities Equity ratio 27.3% 124.15 216.56 208.44 11.6 17.5 14.8 0 10 20 30 0 100 200 2024/3 2025/3 2026/3 EPS and ROE EPS ROE 46.93 53.78 135.26 21.15 107.26 As of June 30, 2026 Total assets ¥182.20 bn Total liabilities ¥128.42 bn ¥51.8 ¥91.3 ¥98.07 1.10 1.69 1.83 0.00 0.50 1.00 1.50 2.00 2.50 3.00 0 200 400 600 800 1,000 1,200 2025/3 2026/3 2027/3 Market capitalization and PBR Market capitalization PBR bn bn bn X X X Share price: ¥1,441 ¥2,536 ¥2,729 ¥ ％ ¥ ％ ¥ ％ Equity ratio 29.2% Net assets (Billions of yen) Mar. 31, 2025 Mar. 31, 2026 Jun. 30, 2026 47.66 54.78 53.78 Consolidated Balance Sheet Current assets Non-current assets Non-current liabilities Net assets Current liabilities Mar. 31, 2025 FY3/2025Mar. 31, 2026 Jun. 30, 2026 * The fiscal year-end share prices and EPS figures shown above have been adjusted to reflect the three-for-one share split of the Company’s common stock effective October 1, 2025. * Provisional accounting for a business combination was finalized in FY2026 Q1. Figures for FY2025 reflect the finalization of that provisional accounting. Mar. 31, 2024 Mar. 31, 2025 Mar. 31, 2026
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11© SEIKA CORPORATION FY2026 Q1 Overview by Segment
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12© SEIKA CORPORATION Overview by Segment Net sales Segment profit (Operating profit + Share of profit (loss) of entities accounted for using the equity method) FY2025 Q1 Results FY2026 Q1 Results Change FY2025 Q1 Results FY2026 Q1 Results Change Energy Business 7.44 7.96 +6.9% 0.72 1.21 +68.1% Industrial Machinery Business 10.91 11.65 +6.8% 0.009 0.30 － Product Business 7.20 8.12 +12.7% 1.04 1.22 +17.3% Net sales increased and segment profit rose substantially, reflecting sales recognized from periodic repair work for nuclear power plants in western Japan, construction of power generation facilities for thermal power plants, and major equipment upgrades. Energy Business Despite a rebound from the delivery of a large project by the Company in the previous year, net sales and profit increased as ASAHI SUNAC CORPORATION, which became a consolidated subsidiary in December 2025, performed steadily. Industrial Machinery Business Net sales and profit increased, driven by strong performance at consolidated subsidiaries, including the Tsurumi (Europe) Group. Product Business 7.20 8.12 10.91 11.65 7.44 7.96 FY25 Q1 FY26 Q1 1.04 1.22 0.009 0.300.72 1.21 FY25 Q1 FY26 Q1 (Billions of yen) (Billions of yen) Industry Machinery Business
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13© SEIKA CORPORATION 0 25 50 75 100 Progress Against Full-Year Forecast (Net Sales and Segment Profit) [Net sales] [Segment profit] Results Full-year forecast (previous forecast) 7.96 420 (40.0) 11.65 490 (49.0) 8.12 370 (36.0) 7.96 11.65 8.12 1.21 1.22 Results Full-year forecast (previous forecast) 1.21 47 (4.0) 0.30 16 (1.3) 1.22 47 (4.3) 18.9% 23.7% 21.9% 0.30 Progress(Billions of yen) (Billions of yen) 18.8% 26.0% 25.9% Q1 Q2 Q3 Q4 Energy Business Industrial Machinery Business Product Business Energy Business Industrial Machinery Business Product Business
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14© SEIKA CORPORATION Significant increase due to the inclusion of ASAHI SUNAC’s order backlog in Q4 following its consolidation as a subsidiary on December 1, 2025 FY2025 FY2026 Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Energy Business 9.76 14.16 10.32 8.47 42.72 12.49 Industrial Machinery Business 7.21 10.32 7.06 16.74 41.35 12.21 Product Business 8.64 7.29 7.23 11.31 34.48 9.85 Total 25.62 31.78 24.62 36.52 118.56 34.56 Quarterly Orders Received by Segment (Billions of yen) (Billions of yen)All segments performed above year-ago levels. 0 40 80 120 160 0 40 80 120 160 FY2025 FY2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4 Energy Industrial Machinery Product Energy Industrial Machinery Product 16 12 8 4
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15© SEIKA CORPORATION FY2025 FY2026 Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Energy Business 7.44 11.64 7.79 11.59 38.49 7.96 Industrial Machinery Business 10.91 6.73 6.26 11.67 35.59 11.65 Product Business 7.20 7.88 7.82 11.47 34.39 8.12 Total 25.56 26.26 21.89 34.75 108.48 27.73 Quarterly Net Sales by Segment 0 40 80 120 0 40 80 120 (Billions of yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4 Energy Industrial Machinery Product Energy Industrial Machinery Product 12 8 4 All segments performed above year-ago levels. (Billions of yen) FY2025 FY2026
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16© SEIKA CORPORATION Strong orders across all segments drove a substantial increase in order backlog. FY2025 FY2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Energy Business 27.48 30.00 32.52 29.40 33.93 Industrial Machinery Business 24.30 27.90 28.70 33.76 34.33 Product Business 15.01 14.42 13.83 13.66 15.39 Total 66.81 72.33 75.06 76.84 83.67 Quarterly Order Backlog by Segment 0 100 200 300 400 0 100 200 300 400 (Billions of yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q1 Q2 Q3 Q4 Energy Industrial Machinery Product Energy Industrial Machinery Product 40 30 20 10 (Billions of yen) FY2025 FY2026
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17© SEIKA CORPORATION (Billions of yen) Energy Business Industrial Machinery Business Product Business Total Adjustment Amount in consolidated financial statements Segment profit (*1) FY25 Q1 0.72 0.009 1.04 1.77 -0.01 1.76 FY26 Q1 1.21 0.30 1.22 2.74 0.04 2.78 Change +0.49 +0.29 +0.18 +0.96 +0.06 +1.02 Segment assets (*2) FY25 Q1 60.15 13.15 22.35 95.66 27.46 123.12 FY26 Q1 91.51 36.71 23.57 151.80 30.40 182.20 Change +31.36 +23.56 +1.21 +56.13 +2.94 +59.08 Segment liabilities (*2) FY25 Q1 49.90 8.68 7.28 65.87 10.00 75.88 FY26 Q1 79.94 11.19 7.51 98.65 29.76 128.42 Change +30.04 +2.50 +0.22 +32.77 +19.75 +52.53 Invested capital FY25 Q1 10.24 4.46 15.06 29.78 FY26 Q1 11.56 25.52 16.05 53.14 Change +1.32 +21.05 +0.98 +23.36 Return on invested capital FY25 Q1 7.1% 0.2% 6.9% 6.0% FY26 Q1 10.5% 1.2% 7.6% 5.2% Profit, Assets, and Liabilities by Segment *1 Segment profit reflects operating profit in the consolidated statement of income after adjustment for share of profit/loss of entities accounted for using the equity method. *2 Only segment profit and segment assets are disclosed in the consolidated financial results for the fiscal year ended March 31, 2026. From the fiscal year ending March 31, 2027, segment profit, segment assets, and segment liabilities will be disclosed together, and the figures shown have been reclassified in accordance with the new disclosure method.
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18© SEIKA CORPORATION Product Business 2.58 2.65 3.31 0.51 0.50 0.66 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 FY24 Q1 FY25 Q1 FY26 Q1 Net sales Operating profit Performance of Major Consolidated Subsidiaries (1) ＠160.74＠160.89 ＠183.73 ( € 3.2 mn) （€16.0 mn） ( € 3.1 mn) （€16.5 mn) ( € 3.6 mn) (€18.0 mn) 1.73 1.98 1.73 0.27 0.34 0.20 -2 0 2 4 6 8 10 12 14 16 0 5 10 15 20 25 30 FY24 Q1 FY25 Q1 FY26 Q1 Net sales Operating profit (Billions of yen) Manufacture and sale of industrial valves • Broad range of applications, including industrial plants for the pharmaceutical, food, chemical, semiconductor, nuclear power, and steel industries; infrastructure projects such as water and sewer systems and shield tunneling; and environmentally conscious decarbonization projects • Sales focused primarily on Japan and other Asian markets • Flagship diaphragm valves hold the leading market share in Japan Sales of submersible pumps for construction applications • Europe-wide operations with its headquarters in Germany serving as the hub • Its own distribution network comprising distributors in each country • Pumps used in public infrastructure construction, mining, and other applications, with a particularly strong share of the construction market • Flexible response to local market needs through both sales and rental services • Ample inventory held at warehouses across Europe, enabling rapid response to urgent demand Tsurumi (Europe) GmbH Group Nippon Daiya Valve Co., Ltd. (Billions of yen) ▸ With opening order backlog down following record-high FY2025 results, focused on securing and fulfilling orders and deliveries in semiconductor-related and functional chemical fields, as well as short-lead-time orders ▸ Newly purchased site adjacent to the head office plant scheduled for handover at the end of August, followed by plant renovations ▸ Higher net sales and operating profit YoY (Net sales +24.6%; operating profit +30.5%) ▸ Higher share of sales to infrastructure construction and mining sectors * Non-consolidated data
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19© SEIKA CORPORATION 0.96 0.70 0.80 0.01 0.06 0.10 -1.0 0.0 1.0 2.0 3.0 4.0 5.0 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 FY24 Q1 FY25 Q1 FY26 Q1 Net sales Operating profit 1.94 1.72 1.71 0.09 0.03 0.09 -1.0 0.0 1.0 2.0 3.0 4.0 5.0 0.0 5.0 10.0 15.0 20.0 25.0 FY24 Q1 FY25 Q1 FY26 Q1 Net sales Operating profit 2.76 3.12 3.65 0.20 0.28 0.53 0.0 5.0 10.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 FY24 Q1 FY25 Q1 FY26 Q1 Net sales Operating profit ▸ Profit growth for the third consecutive fiscal year ▸ Increase in new construction and expansion projects for large-scale data centers ▸ Captured demand for maintenance of marine engines and power generation equipment by strengthening the branch network and staffing ▸ Service orders, including overhaul services for used fishing-vessel engines, contributed to sales ▸ Increased business with major aquaculture operators ▸ Synergies with subsidiary Shipyard Tanaka beginning to materialize, including overseas projects and expanded sales of Mitsubishi engines ▸ Became a subsidiary on December 1, 2025 ▸ Performance progressing steadily against the full-year plan ▸ Strong performance in automation-related coating system projects and forging machinery maintenance orders Product Business Industrial Machinery Business Sales of MHI marine engines throughout Hokkaido • As MHIET’s authorized distributor for Hokkaido, operates 10 locations providing sales and maintenance services for fishing-vessel, marine, and industrial engines throughout the region • Sales, installation, repair, and maintenance of Mitsubishi marine engines and other products Coating Equipment Business, Forging Machinery Business, and New Components (NC) Business • Coating equipment business currently focused on automotive applications, with expansion into other industries through SEIKA’s customer base expected • Rising thinner prices due to higher naphtha prices driving increased demand for conversion from liquid to powder coating systems (Reference: p. 37) Sales and servicing of MHI marine engines • Sales and maintenance services for Mitsubishi marine diesel engines used in fishing and commercial vessels in Japan • Main products include marine diesel engines (main and auxiliary engines), boats, parts, and related equipment Performance of Major Consolidated Subsidiaries (2) * FY24 and FY25 show results for Q1 (June–August) before the fiscal year-end change. Seika Daiya Engine Co., Ltd. SHIKISHIMA KIKI Co., Ltd. ASAHI SUNAC CORPORATION (Billions of yen) (Billions of yen) (Billions of yen)
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© SEIKA CORPORATION 20 1. Financial Summary 2. Summary of Consolidated Financial Results for FY2026 Q1 3. Consolidated Forecast for FY2026 4. Shareholder Returns Reference Materials
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21© SEIKA CORPORATION FY2025 Results FY2026 Change from FY2025 ResultsPrevious forecast Revised forecast Net sales ¥108.48 bn ¥125.0 bn ¥128.0 bn +18.0 % Operating profit ¥8.03 bn ¥9.1 bn ¥10.5 bn +30.8 % Ordinary profit ¥9.03 bn ¥9.8 bn ¥11.0 bn +21.8 % Profit attributable to owners of parent ¥7.50 bn ¥7.6 bn ¥8.4 bn +11.9 % Earnings per share ¥208.44 ¥214.89 ¥232.49 － Annual dividends * ¥81.66 ¥93 ¥105 +¥23.34 (Interim: ¥46 / Year-end: ¥47) (Interim: ¥46 / Year-end: ¥59) Consolidated Forecast for FY2026 * Annual dividends shown above have been adjusted for the three-for-one share split of common stock effective October 1, 2025.
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22© SEIKA CORPORATION Consolidated Forecast by Segment for FY2026 Net sales (Billions of yen) Segment profit [Segment Profit = Operating Profit + Share of Profit/Loss of Entities Accounted for using the Equity Method] FY2025 FY2026 Change from FY2025 Results FY2025 FY2026 Change from FY2025 ResultsResults Previous forecast Revised forecast Results Previous forecast Revised forecast Energy Business 38.49 40.0 42.0 +3.51 4.01 4.0 4.7 +0.69 Industrial Machinery Business 35.59 49.0 49.0 +13.41 0.14 1.3 1.6 +1.46 Product Business 34.39 36.0 37.0 +2.61 4.45 4.3 4.7 +0.25 Total 108.48 125.0 128.0 +19.53 8.61 9.6 11.0 +2.4 From the previous fiscal year (FY2025), amounts shown for segment profit have changed from operating profit to operating profit adjusted by share of profit/loss of entities accounted for using the equity method, in consideration of profit/loss of equity method affiliates. Industry Machinery Business
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23© SEIKA CORPORATION Organic business growth ¥ 12.0 bn Organic business growth 6%/year ¥ 8.03 bn Initial forecast ¥6.6 bn Initial forecast ¥9.1 bn FY2025 Results FY2026 targets (Final year of Medium-Term Management Plan) ¥ 10.5 bn Striving to achieve target ahead of schedule FY2030 Long-Term Management Vision targets Non - organic business initiatives Organic business growth 6%/year Upward revised Previous forecast ¥9.1 bn Building a new revenue base and businesses Business investment through financial leverage using our healthy balance sheet (maintaining a long-term JCR issuer rating at A-) Investments not in unrelated areas, but in business partners and fields where we have expertise, as exemplified by the investment in ASAHI SUNAC Enhancing the revenue base in existing businesses Broadening the revenue base by further promoting complementary M&As with customers that offer business synergies, such as TVE and Fenwal Controls of Japan (targeting equity method profit and profit from business synergies) Targeting fields related to the Industrial Machinery Business and the Product Business in addition to the Energy Business Long-Term Management Vision “VIORB 2030” Medium - Term Management Plan “VIORB2030 Phase 1” Path to Achieving the Operating Profit Targets under the Long-Term Management Vision
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© SEIKA CORPORATION 24 1. Financial Summary 2. Summary of Consolidated Financial Results for FY2026 Q1 3. Consolidated Forecast for FY2026 4. Shareholder Returns Reference Materials
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25© SEIKA CORPORATION Shareholder Returns – Acquisition of Treasury Stock Reason for acquisition Acquisition method Market purchase Class of shares to be acquired Common stock of the Company Total acquisition cost ¥3.0 billion (maximum) Total number of shares that can be acquired 1,050,000 shares (maximum) Percentage of total shares issued and outstanding (excluding treasury stock): 2.89% Acquisition period May 14, 2026 to August 31, 2026 The acquisition will end once either the total acquisition cost or the total number of shares acquired reaches the respective upper limit. (Ref) Holdings of treasury stock as of March 31, 2026 Total shares issued and outstanding (excluding treasury stock): 36,312,473 shares No. of treasury stock* 649,477 shares *Treasury shares do not include shares of the Company owned by the officer remuneration BIP trust. To improve capital efficiency To enhance shareholder returns To implement flexible capital policies in response to changes in the business environment
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26© SEIKA CORPORATION Shareholder Returns — Change in Return Policy Dividend Trends Maintain consistent and stable dividends while flexibly addressing funding needs for business development and other initiatives Conduct share repurchases in a timely and appropriate manner in response to changes in the business environment Effective from the interim dividend for FY2026 (Forecast) Annual dividends: ¥105 per share Payout ratio: 45.2% Reason for change: With core earnings power strengthened through strategic business investments, the shareholder return policy has been revised to focus primarily on dividends supported by earnings from operations. Previous Target total shareholder return ratio: 45% Target consolidated payout ratio: 45% * Annual dividends shown below have been adjusted for the three-for-one share split of common stock effective October 1, 2025. 21.66 30 50 73.33 81.66 105 34.8 21.6 45.240.4 37.2 39.5 0 45 0 50 100 FY21 FY22 FY23 FY24 FY25 FY26 Dividend (Yen per share) Consolicated payout ratio (％) Total return ratio (％) Target payout ratio: 35% Target total return ratio: 45% Target payout ratio: 45% Planned treasury stock acquisition: ¥3.0 bn (Forecast)
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© SEIKA CORPORATION 27 Reference Materials CONTENTS
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28© SEIKA CORPORATION Company Profile Securities Code 8061 Business category Trading company Head office Shin-Tokyo Bldg 3F, 3-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo 100-0005 Establishment October 1, 1947 President Akihiko Sakurai Share c apital ¥6,728 million *Net assets: ¥54.78 billion (as of March 31, 2026) Number of employees Consolidated: 1,558 Parent only: 359 Core business Sale, import, export and after sales service related to power generating equipment, environmental equipment, industrial machinery and electric equipment SEIKA CORPORATION's locations 29 offices in Japan, including head office, Osaka Sub Head Office, Fukuoka Branch and Hiroshima Branch 2 offices overseas including Seoul Branch Group companies 33 companies in total (13 in Japan and 20 overseas) Business sites 153 bases in total (125 in Japan and 28 overseas) The company will celebrate its 80th anniversary in October 2027.
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29© SEIKA CORPORATION Initiatives for Human Capital – Improving Engagement ① Number of new hires Turnover of new graduate hires within three years Overall turnover New graduates in FY2026 16 Mid-career hires in FY2025 11 0% 4.7% * Results of new hires between April 2023 andApril 2026 3,350 3,580 3,960 4,700 5,000 5,800 FY2023 FY2024 FY2025 延べ研修実施時間(時… 教育・研修費用の総… Total hours of training / total education/training expenditures Engagement survey Work engagement Organizational engagement 69.00%53.00% The CompanyTrading sector average The Company 74.00%53.25% A strong bond between employees and their work. It consists of “vigor” toward work, “dedication” (pride and a sense of purpose) to work, and “absorption” in work. A strong bond between employees and the company. It consists of “willingness to contribute” to the company, “alignment with the philosophy and policies,” and “brand awareness of their own company.” Trading sector average
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30© SEIKA CORPORATION Introduction to Each Business Energy generation-related facilities including thermal, nuclear, and renewable energy Production equipment for functional materials, foods and beverages; automation/labor- saving equipment; plant equipment Submersible pumps, industrial valves, marine engines, and products related to semiconductors and special measurement Energy Business Industrial Machinery Business Product Business
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31© SEIKA CORPORATION Introduction to Each Business – Seika Corporation’s strengths Robust network for interacting with customers and suppliers Strong credibility as an authorized agent of Mitsubishi Heavy Industries Stable earning power based on social infrastructure
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32© SEIKA CORPORATION Business Overview — Energy Business Thermal power generation Nuclear power generation Renewable energy Sales and maintenance services for power generation and related equipment in thermal power plants Regular inspections and maintenance for private power generation plants Providing solutions for conversions to low carbon Sales and maintenance services for power generation equipment in nuclear power plants Sales and maintenance services for utilities, security, and other power plant peripheral equipment Renewable energy-related equipment such as small-scale hydropower, solar power and biomass power generation Provision of clean energy equipment and solutions Main customers Strengths Flywheel (battery-free) UPS Supporting essential infrastructure that underpins every aspect of society — from industry and daily life to culture Business stability as an agent for Mitsubishi Heavy Industries, which has strong product capabilities and market share in the power generation equipment market Strong trust relationships and business foundations developed with customers such as power companies and major chemical manufacturers Stable profitability over the medium and long term amid rising electricity demand Gas turbines Boilers Circulating water pumps Power generation equipment inspections and after-sales service Power plant peripheral equipment (Disaster prevention equipment) Power companies in Japan Private power generation users
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33© SEIKA CORPORATION Introduction to Each Business – Energy Business Negotiations / Coordination Mitsubishi Heavy Industries J - POWER Kansai Electric Power Chugoku Electric Power Shikoku Electric Power Kyushu Electric Power Nippon Steel ENEOS JFE MHI Sales Agency Business: Facilitating Business Discussions Negotiations / Coordination
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34© SEIKA CORPORATION Introduction to Each Business – Energy Business The Energy Business comprises two types of business: Commissioned transactions Delivery, replacement, and maintenance of Mitsubishi Heavy Industries’ core power generation equipment Principal transactions Delivery, replacement, and maintenance of peripheral equipment for power generation, such as equipment for coal handling, water treatment, and gas treatment Horizontal-whorl Francis turbineGas turbine Ultra-lightweight solar panel Emergency diesel power generator Many high-volume projects; no exposure to financial or product- related risks Many products are provided by specialist manufacturers, and the project scale varies. ⇒ We assume a certain financial burden, but profit margins are higher than with commissioned transactions. Products handled Customers Characteristics Electric power companies in western Japan and industrial companies nationwide that possess in-house power generation equipment
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35© SEIKA CORPORATION Business Overview — Energy Business Mitsubishi Heavy Industries Mitsubishi Heavy Industries Power IDS Mitsubishi Heavy Industries Power Environmental Solutions Mitsubishi Electric Hitachi Mitsubishi Hydro Mitsubishi Heavy Industries Machinery Systems NIKKISO TVE OTEC ELECTRONICS Fenwal Controls of Japan Kansai Electric Power Kyushu Electric Power Chugoku Electric Power Shikoku Electric Power J-POWER Generation Service ENEOS Kobe Steel JFE NIPPON STEEL Himeji Natural Gas Power Generation Kawasaki Natural Gas Power Generation CustomersSuppliers
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36© SEIKA CORPORATION Automation - related business Recycling - related business Solution business Businesses related to A SAHI S UNAC Automated warehouses, autonomous transport robots, automated spice injection equipment, production line automation equipment Pyrolysis equipment, solvent recovery equipment, non-heating re-pelleting equipment, and other equipment related to material recycling and recycling plants Proposing eco-friendly equipment to address issues in each country and industry, proposing production efficiency systems using system integrators Development, manufacture, sale, and service of coating machinery, high pressure manufacturing machinery, and precision cleaning and coating equipment Business Overview — Industrial Machinery Business Providing h igh - value - added products that support affluent and comfortable lifestyles Strengths Information capabilities that utilize a network of over 100 business locations in Japan and overseas, and the speed of business development Proposal capabilities and on - site response capabilities to solve customer issues comprehensively, from general to specialized equipment, based on business transactions with about 1,000 manufacturers (in this segment) Industrial process equipmentEnvironmentally-friendly equipment Automation equipment Coating Machinery (ASAHI SUNAC) Forging Machinery (ASAHI SUNAC)
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37© SEIKA CORPORATION Business Overview — ASAHI SUNAC CORPORATION (Became a Subsidiary in December 2025) Location Owariasahi, Aichi Prefecture Lines of business Development, manufacture, sale, and service of coating machinery, high-pressure manufacturing machinery, precision cleaning and coating equipment Share capital ¥255 million Founded July 17, 1942 Date of share transfer: December 1, 2025 (Acquired for ¥18.8 billion) Goodwill to be amortized: ¥11.5 billion; Amortization period: 16 years Background of making ASAHI SUNAC CORPORATION a subsidiary There are existing ties between the companies, which have established joint ventures in Thailand and Germany, and there were close relationships. ASAHI SUNAC is a company that possesses stable earnings power that contributes to our sustainable growth, as well as advanced technologies. Expected synergies (expansion of business revenue) (1) Acquiring new customers for our Industrial Machinery Business and Product Business (2) Promotion of sales of coating equipment to the machinery manufacturers we work with (3) Growing overseas sales channels using Seika’s international network in Thailand, Germany, and elsewhere Current status and future policies ASAHI SUNAC’s fiscal year-end changed from May 31 to December 31 on becoming a subsidiary. As a result, we have included its profit/loss figures for December 2025 (a single month) in our consolidated financial results for the fiscal year ended March 31, 2026. ASAHI SUNAC has adopted our Cash Management System (CMS) and are working to improve capital efficiency. Through post-merger integration (PMI), we are promoting the integration of management, operations, and a sense of belonging. - Development of a governance structure - Strengthening of sales structures using our network of domestic and international offices. - Reorganizing of redundant overseas offices
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38© SEIKA CORPORATION Customers Business Overview — Industrial Machinery Business Mitsubishi Heavy Industries Group companies The Japan Steel Works Seo Koatsu Kogyo Kyowa FineTech Daisho Tekkosho ASAHI SANUC Unozawa-gumi Iron Works MIURA KONAN ELECTRIC Mitsubishi Chemical Mitsui Chemicals Toray Industries KANEKA TOYOBO JNC Suntory Kirin Brewery SK SILTRON Mitsubishi Heavy Industries Group companies Kawasaki Heavy Industries Group companies JFE Engineering JGC FUJI ELECTRIC TAKUMA The Hanshin Diesel Works Toshiba Plant Systems & Services For manufacturers of chemicals, materials, and beverages For plant engineering companies OKM VALVE TECHNOLOGY Fellow ESPO CHEMICALS Nippon Daiya Valve Ebara Fan & Blower S-TEC Suppliers Toyo Electric Motomura Manufacture Yamato Scale ORGANO Mutual Nihon Netsugen Systems Denka Consultant & Engineering S-TEC MOVE ENGINEERING Seo Koatsu Kogyo HONDA KIKO Toho Chemical Engineering & Construction Oji Paper Tokuyama
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39© SEIKA CORPORATION Seika Corporation Seika Digital Image Sales of submersible pumps for construction use Manufacture and sale of industrial valves Sales and service related to fishing and commercial marine engines in Japan Sales and service of gas instruments, laser technology, various imaging instruments Holds a strong share of the construction pump market and operates a distributor network across Europe from its base in Germany Employs flexible sales styles suited to practices in each country, such as product rentals Sales centered on Japan and Asian markets in a wide range of fields, including chemicals, pharmaceuticals, food products, semiconductors, steel, and power generation Product examples: manufacture and sale of diaphragm valves, ball valves, butterfly valves Sales and manufacturing facilities: Japan, China, Thailand Main product of diaphragm valves holds the top market share in Japan. Facilities located near fishing ports across Japan Holds a strong share of the fishing- vessel engine market, which is highly concentrated Strengths in field service and maintenance Sells instruments to power and chemicals plants, universities, research institutes, and other niche markets Sells a wide range of equipment to the semiconductor industry Sells labor-saving equipment, including UT drones for plant equipment inspections Inspection with drone Tsurumi (Europe) Group Providing unique, highly competitive products for niche markets Measuring and analysis equipment Strengths 39 We have many specialized and highly competitive “ strong products ” By offering total services ranging from product sales to maintenance, we gain customer trust and establish a continuous and stable earnings base This segment’s products can be the starting point for exploring new industries and customers, and it functions as a segment mix element Business Overview — Product Business NIPPON DAIYA VALVEGroup Seika Daiya Engine SHIKISHIMA KIKI
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40© SEIKA CORPORATION Business Overview — Product Business HIGH COMPONENTS AOMORI Kioxia Rapidus KYOCERA COSEL AT&S Nippon Sanso Taikisha Power plants, steel mills, chemical plants, etc. Universities, research institutes Samsung Japan TSURUMI MANUFACTURING AblePrint Technology (Taiwan) Package substrate manufacturers in China and Taiwan PROMECON process measurement control (Germany) NEO MONITORS (Norway) Mesa Laboratories (USA) Chugai Technos Asahi Chemical Research Laboratory NTT Innovative Devices Fenwal Controls of Japan Dan-Takuma SUMIKASEKISUI FILM CustomersSuppliers
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41© SEIKA CORPORATION Long-Term Management Vision and Revisions of Numerical Targets in the Medium-Term Management Plan Corporate Philosophy Corporate Governance Long-Term Management Vision “VIORB 2030” Product Business Energy Business Industrial Machinery Business FY2025 actual Net sales ¥108.48 bn Operating profit ¥8.03 bn Ordinary profit ¥9.03 bn FY2030 Long-Term Management Vision target Net sales ¥180.0 bn Operating profit ¥12.0 bn Ordinary profit ¥12.5 bn Business strategy Management strategy ( ) Business expansion in growth domains Accelerate complementary M&A in existing businesses Agile commitment of necessary management resources to improve profitability Development and execution of measures to mitigate risk of business environment changes at Group companies. Optimization of business investments, human capital investments, and shareholder returns Sophistication of human capital management (labor productivity improvement, health management) SHIKISHIMA KIKI SEIKA (SHANGHAI) CO., LTD. FORMOSA SEIKA CORPORATION FY2026 Medium-Term Management Plan target Net sales ¥12.80 bn Operating profit ¥10.5 bn Ordinary profit ¥11.0 bn
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42© SEIKA CORPORATION Performance Trends – Consolidated Financial Results 2.24 4.26 3.76 4.7 6.25 8.29 9.03 11.0 FY2023 FY2024 FY2025 FY2026 Ordinary profit H1 Full year 40.04 44.51 51.83 60.0 86.78 93.73 108.48 128.0 FY2023 FY2024 FY2025 FY2026 Net sales H1 Full year *After adoption of the “Accounting Standard for Revenue Recognition,” etc. 2.05 2.92 3.26 4.45.58 6.48 8.03 10.5 FY2023 FY2024 FY2025 FY2026 Operating profit H1 Full year 1.46 5.02 3.12 4.04.48 7.79 7.50 8.4 FY2023 FY2024 FY2025 FY2026 Profit attributable to owners of parent H1 Full year (Billions of yen) (Billions of yen） (Billions of yen) (Billions of yen） (Forecast) (Forecast) (Forecast) (Forecast)
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43© SEIKA CORPORATION 04/3 05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 26/3 Transaction value 1,395.2 1,172.0 1,107.3 1,483.1 1,565.9 1,612.6 1,233.9 1,202.4 1,357.2 1,366.7 1,264.9 1,320.3 1,271.0 1,507.4 1,655.9 1,571.5 1,406.8 1,362.7 1,342.6 1,757.4 2,053.8 2,904.4 2,957.2 Operating profit 6.4 19.1 20.8 36.3 32.3 37.5 14.0 25.6 30.6 28.2 21.9 34.0 21.7 30.4 25.9 21.1 28.0 25.8 38.2 46.3 55.8 64.8 80.3 Transaction value Operating profit 139.52 135.72117.20 110.73 123.39148.31 156.59 161.26 120.24 0.64 126.49 132.03136.67 150.74127.10 157.15 140.68 136.27 134.26 175.74 205.38 290.44 295.72165.59 2.823.062.561.403.753.233.632.081.91 2.582.802.112.593.042.173.402.19 3.82 4.63 5.58 6.48 8.03 Consolidated Performance Trends (Transaction Value and Operating Profit) * The Accounting Standard for Revenue Recognition and other related standards are not applied to transaction value. (Billions of yen)
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44© SEIKA CORPORATION 7.6 15.4 11.6 17.5 14.8 2022/3 2023/3 2024/3 2025/3 2026/3 Return on Equity (ROE) Consolidated Performance Trends – Management Indicators 0.64 0.71 1.06 1.10 1.69 2022/3 2023/3 2024/3 2025/3 2026/3 Price Book-value Ratio (PBR) 8.6 4.9 9.9 6.7 12.2 2022/3 2023/3 2024/3 2025/3 2026/3 Price Earnings Ratio (PER) 62.29 138.60 124.16 216.56 208.44 2022/3 2023/3 2024/3 2025/3 2026/3 Earnings Per Share (EPS) (%) (Times) (Times) (yen) * EPS is presented after adjustment for the three- for-one share split effective October 1, 2025. 1.010%
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45© SEIKA CORPORATION Review of Actions to Achieve Management Conscious of Capital Cost and Share Price Specific measures Progress (As of March 31, 2026) Results Revise the ROE target upward from the initial 8.0% range to 10.0% 10% or higher has been maintained since 2023/3. Enhance shareholder returns by revising the shareholder return policy from target dividend payout ratio of 35% to target total payout ratio of 45% Focusing on expanding business earnings directly linked to the share price, we prioritized business investments funded by cash on hand and borrowings. With no share buybacks conducted and due to the effect of negative goodwill, the total payout ratio remained below 45%. Continue to reduce cross- shareholdings, aiming for less than 20% of consolidated net assets by the end of 2025/3, while considering a further reduction to the 10% range in the future Cross-shareholdings of less than 20% of consolidated net assets was achieved and ongoing. 25.68% 21.27% 28.13% 19.88% 16.78% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 0 20 40 60 80 100 120 140 Balance of cross-shareholdings Ratio of cross-shareholdings to consolidated net assets 7.6 15.4 11.6 17.5 14.8 0.0 10.0 20.0 ¥ 7.98 bn ¥ 7.59 bn ¥ 12.14 bn ¥ 9.47 bn 2022/3 2023/3 2024/3 2025/3 2026/3 ¥ 9.19 bn ¥21.66 ¥30 ¥50 ¥73.33 ¥81.66 34.8 % 21.6 % 40.4 % 37.2 % 39.5 % Annual dividends Dividend payout ratio Total payout ratio Target total payout ratio: 45%Target dividend payout ratio: 35% Further reduction 10% range 2022/3 2023/3 2024/3 2025/3 2026/3 2022/3 2023/3 2024/3 2025/3 2026/3 2028/3
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46© SEIKA CORPORATION Specific measures Progress (As of March 31, 2026) Results Introduce a shareholder benefits program to attract new shareholders and stimulate trading activity • Introduced a shareholder benefits program • Implemented a three-for-one share split Number of shareholders increased 2.6x and trading proceeds surged 13.4x compared to 2023/3, driven by effective IR on strong performance and shareholder benefits. Execute ¥10 billion-scale growth investments by leveraging our strong B/S while maintaining financial soundness Executed investments with a focus on financial leverage by utilizing our healthy balance sheet for allocating ¥10 billion to organic growth and up to ¥30 billion to non-organic growth, based on revisions to Long-Term Management Vision and Medium-Term Management Plan targets While maintaining a long-term JCR issuer rating of A-, made Fenwal Controls of Japan, Ltd. an equity-method affiliate and acquired ASAHI SUNAC CORPORATION as a subsidiary. Introduce an executive compensation system that functions as a sound incentive for sustained growth Introduced the BIP trust system which uses market capitalization, ROE, and achievement level of the Medium- Term Management Plan as evaluation criteria The BIP trust system was introduced. Enhance information disclosure, dialogue with investors, and IR to gain broader understanding of our initiatives • Held six company briefings for individual investors annually • Enhanced IR meetings ・ Published an integrated report • Published an analyst report (Shared Research Inc.) • Strengthened publicity in TV, radio, and magazines • Fully renewed our corporate website Enhanced information disclosure and IR activities resulted in a total of 150 annual meetings with institutional investors in FY2025. Review of Actions to Achieve Management Conscious of Capital Cost and Share Price Shares held Benefits 100-499 ¥1,000 QUO Card 500-999 ¥2,000 QUO Card 1,000- ¥3,000 QUO Card 6 24 88 150 * Card design subject to change 7,734 10,444 13,047 20,279 32.85 102.41 316.96 441.40 (100) 400 900 0 5,000 10,000 15,000 20,000 Shareholders Trading proceeds (million yen/day) FY2022 FY2023 FY2024 FY2025 2023/3 2024/3 2025/3 2026/3
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47© SEIKA CORPORATION 7,734 10,444 13,047 20,279 0 5,000 10,000 15,000 20,000 25,000 2023/3 2024/3 2025/3 2026/3 Shareholders 0.71 1.06 1.10 1.69 684.7 1,235.0 1,441.7 2,536 (200.0) 300.0 800.0 1,300.0 1,800.0 2,300.0 2,800.0 3,300.0 3,800.0 -1 -1 0 1 1 2 2 3 PBR (times) Stock price(yen) Changes in Market Interest in Response to Corporate Actions FY2025 Apr Acquired shares of TOKYO SANGYO CO., LTD. Jul Awarded CDP Climate Change Report 2024 score of B Oct Executed a stock split (3-for-1 ratio) Dec Acquired ASAHI SUNAC CORPORATION Mar Held IR meeting in Singapore Recognized as a Certified Health & Productivity Management Outstanding Org. FY2023 Apr Selected as a primary distributor for Mitsubishi Heavy Industries’ thermal and nuclear power business in western Japan (nuclear power business added to our core operations) May Formulated the Medium-Term Management Plan “VIORB2030 Phase1” Nov Announced actions to achieve management conscious of capital cost and share price Feb Acquired Shipyard Tanaka Co., Ltd. • Conducted a company briefing for individual investors • Released an analyst report by Shared Research Inc. • Published integrated report • Introduced a shareholder benefits program • Held IR meeting in Taiwan FY2024 Jun Made Fenwal Controls of Japan, Ltd. an equity-method affiliate Nov Earned long-term JCR issuer rating of A- Dec Executed secondary offerings of shares held by banks Mar Donated under corporate hometown tax contributions (Kitakyushu-city) Revised upward the final-year targets of the Long-Term Vision FY2022 Made TVE an equity- method affiliate in March 2023 • Held IR meeting in Singapore * Stock prices shown have been adjusted to reflect the three-for-one stock split effective October 1, 2025. 47
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48© SEIKA CORPORATION Initiatives to Enhance Corporate Value Trends in indicators 2023/3 2024/3 2025/3 2026/3 PBR (Times) 0.71 1.06 1.10 1.69 ROE (%) 15.4 11.6 17.5 14.8 Operating Profit (Billions of yen) 4.63 5.58 6.48 8.03 Operating profit margin (%) 5.0 6.4 6.9 7.4 Total asset turnover (Times) 1.0 0.9 0.8 0.7 Financial leverage (Times) 2.8 2.6 2.8 3.2 PER (Times) 4.9 9.9 6.7 12.2 PBR 1.69x ROE 14.8% PER 12.2x Total asset turnover 0.7 times Financial leverage 3.2x × Operating profit margin 7.4% Future initiatives Boosting ROE by enhancing profitability Business investment aimed at enhancing capital efficiency ‣ Continue disciplined investments to strengthen the earnings base and enhance corporate value over the medium to long term Business portfolio restructuring ‣ Evaluate the profitability and growth potential of each business to reallocate resources without being constrained by existing business boundaries ‣ Strengthen the earnings base by increasing productivity and controlling low - margin projects ‣ Optimize and reduce non-business assets to improve capital efficiency Promotion of capital structure optimization while maintaining financial soundness Since launching initiatives in response to the TSE’s request regarding management that is conscious of cost of capital and stock price, PBR has improved from below 1x on 2023/3, along with indicators such as the number of shareholders and trading volume. ROE remained at a high level, supported by the growth of group companies in which we have invested and increased operating profit mainly driven by the strong energy business. PER has improved along with our recognition in the stock market, supported by enhanced IR activities, stable business performance, and dividend policy. ×
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49© SEIKA CORPORATION (Billions of yen） 2028/3 7.59 12.14 9.47 9.19 Amount sold 1.37 0.34 3.41 2.85 To improve the floating stock ratio as of March 31, 2025, we executed secondary offerings of shares held by banks and reduced cross-shareholdings. We reduced cross-shareholdings by approximately ¥3.0 billion compared to the end of March 2024, bringing the ratio down to 16.78% and will continue to seek to achieve a cross-shareholdings-to-consolidated-net- assets ratio in the 10% range. Trends in cross - shareholdings Holdings of listed shares Holdings of unlisted shares Ratio of cross-shareholdings-to-consolidated-net-assets Status of Reduction of Cross-shareholdings Balance of cross- shareholdings Floating stock ratio: 0.45% as of October 2023 0.55% as of October 2025 Included as a constituent of the TOPIX1000 index Floating stock ratio Approximately 10% decrease in shares held by banks Approximately 10% increase in the ratio of institutional investors (Compared to the end of March 2023) Secondary offerings of shares held by banks (December,2024) UP 4.7 4.4 1.7 1.7 71.3 117.1 93.1 90.2 21.27% 28.13% 19.88% 16.78% 0% 5% 10% 15% 20% 25% 30% 0 40 80 120 2023/3 2024/3 2025/3 2026/3 Balance of cross- shareholdings Total ¥7.59 bn Further reduction 10 % range Liquidity Trading value ¥12.14 bn ¥9.47 bn ¥ 9.19 bn
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Corporate Planning Dept. TEL: +81-3-5221-7117 E-mail：SMB076@jp.seika.com IR Contact For more information, please visit: IR Information https://www.seika.com/en/ir/ Integrated Report 2025 https://www.seika.com/en/ir/library/integrated-report/ IR News Mailing Service https://www.seika.com/en/ir/mail/ Cautionary Statement Regarding Forward- Looking Statements: All forward-looking statements contained herein are based on information available to SEIKA CORPORATION as of the date hereof and actual results may differ materially from those in the forward-looking statements due to unforeseeable factors or uncertainties. Figures in billions of yen or millions of yen presented herein are rounded down to the nearest billion yen or to the nearest million yen respectively and numbers may not add up due to rounding.