Interim report
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Translation Notice : This is a translation of part of the original document in Japanese and is only for reference purposes . In the event of any discrepancies between this translated document and the original Japanese document , the latter shall prevail . SEIKA GROUP Consolidated Financial Results for the Three Months Ended June 30 , 2026 Company name : Seika Corporation Stock exchange listing : Tokyo Stock Exchange [ Japanese GAAP ] Accounting Standards FASF MEMBERSHIP August 7 , 2026 Code number : 8061 URL : https://seika.com/ir/en/ Representative : Akihiko Sakurai , President and Chief Executive Officer Contact : Yasumasa Kawana , Director , Senior Managing Executive Officer in charge of administration Phone : + 81-3-5221-7101 Scheduled date of commencing dividend payments : Availability of supplementary briefing materials on financial results : Yes Schedule of financial results briefing session : No ( Amounts of less than one million yen are rounded down . ) 1. Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( April 1 , 2026 – June 30 , 2026 ) ( 1 ) Consolidated Operating Results ( % indicates year - on - year change . ) Net sales Three months ended June 30 , 2026 Million yen 27,738 % Operating profit Million yen % Ordinary profit Million yen % Profit attributable to owners of parent Million yen % June 30 , 2025 25,569 8.5 24.8 2,543 59.7 2,734 52.3 2,757 54.4 1,592 20.8 1,795 ( 24.4 ) 1,785 ( 52.4 ) ( Note ) Comprehensive income : Three months ended June 30 , 2026 : ¥ 1,940 million [ 78.8 % ] Three months ended June 30 , 2025 : ¥ 1,085 million [ ( 58.1 ) % ] Profit per share Diluted profit per share Three months ended Yen June 30 , 2026 Yen 76.17 June 30 , 2025 76.73 49.62 49.23 ( Note ) The Company implemented a 3 - for - 1 stock split of shares of common stock on October 1 , 2025. Profit per share and diluted profit per share are calculated on the assumption that the stock split was conducted at the beginning of the previous consolidated fiscal year . ( 2 ) Consolidated Financial Position Total assets Net assets Equity ratio As of June 30 , 2026 As of March 31 , 2026 Million yen 182,202 Million yen 53,781 54,784 % 29.2 27.3 198,329 ( Reference ) Equity : As of June 30 , 2026 : ¥ 53,218 million As of March 31 , 2026 : ¥ 54,186 million ( Note ) During the first quarter of the fiscal year under review , the Company finalized the provisional accounting treatment related to a business combination , and the figures for the fiscal year ended March 31 , 2026 have been adjusted to reflect the details of this finalized provisional accounting treatment .
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2. Dividends Annual dividends 1st quarter-end 2nd quarter-end 3rd quarter-end Year-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 – 110.00 – 45.00 – Fiscal year ending March 31, 2027 – Fiscal year ending March 31, 2027 (Forecast) 46.00 – 59.00 105.00 (Note) Revision to the forecast for dividends announced most recently: Yes (Note) The Company implemented a 3-for-1 stock split of shares of common stock on October 1, 2025. The dividend for the second quarter of the fiscal year ended March 31, 2026 is presented in an actual dividend amount prior to the stock split. The year-end dividend per share for the fiscal year ended March 31, 2026 is presented in an amount that takes the impact of this stock split into account, and for the total annual dividends, “–” is shown. Taking into account the stock split, the second quarter-end dividend per share for the fiscal year ended March 31, 2026 is ¥36.66 and the annual dividend is ¥81.66. 3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2027 (April 1, 2026 - March 31, 2027) (% indicates year-on-year change.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Profit per share Million yen % Million yen % Million yen % Million yen % Yen First half 61,000 17.7 5,000 53.2 5,400 43.6 4,400 40.9 121.85 Full year 128,000 18.0 10,500 30.8 11,000 21.8 8,400 11.9 232.49 (Note) Revision to the financial results forecast announced most recently: Yes (Note) During the first quarter of the fiscal year under review, the Company finalized the provisional accounting treatment related to a business combination, and the figures for the fiscal year ended March 31, 2026 have been adjusted to reflect the details of this finalized provisional accounting treatment. Accordingly, the year-on-year change has also been calculated based on these adjusted figures.
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* Notes: (1) Significant changes in the scope of consolidation during the period: None Newly added: ― (Company name: ) Excluded: ― (Company name: ) (2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates and restatement 1) Changes in accounting policies due to the revision of accounting standards: No 2) Changes in accounting policies other than 1) above: No 3) Changes in accounting estimates: No 4) Restatement: No (4) Number of outstanding shares (common shares) 1) Number of outstanding shares at the end of the period (including treasury shares): As of June 30, 2026: 36,961,950 shares As of March 31, 2026: 36,961,950 shares 2) Number of treasury shares at the end of the period: As of June 30, 2026: 1,241,553 shares As of March 31, 2026: 939,673 shares 3) Average number of shares during the period: Three months ended June 30, 2026: 35,937,019 shares Three months ended June 30, 2025: 35,989,296 shares (Notes) 1. The number of treasury shares excluded from the calculation of the number of treasury shares at the end of the period and average number of shares during the period include the shares of the Company owned by The Master Trust Bank of Japan, Ltd. (Trust Account) as trust assets for distributing stock to officers. 2. The Company implemented a 3-for-1 stock split of shares of common stock on October 1, 2025. Numbers of outstanding shares (common shares) are calculated on the assumption that the stock split was conducted at the beginning of the previous consolidated fiscal year. * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (voluntary) * Explanation of the proper use of financial results forecast and other notes The financial results forecasts in this document are based on information available to the Company as of the date of disclosure of this document. Actual results may differ from these forecasts due to various factors in the future.
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2. Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly Consolidated Balance Sheets (Million yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 19,737 14,584 Notes and accounts receivable - trade, and contract assets 67,035 50,456 Investments in leases 228 224 Securities 101 101 Merchandise and finished goods 9,100 10,115 Work in process 2,610 2,742 Raw materials and supplies 2,000 2,012 Advance payments to suppliers 47,654 54,017 Other 1,451 1,170 Allowance for doubtful accounts (157) (155) Total current assets 149,762 135,269 Non-current assets Property, plant and equipment Buildings and structures 3,594 3,620 Machinery, equipment and vehicles 1,014 1,066 Tools, furniture and fixtures 571 592 Fixed assets for rent, net 711 739 Leased assets 139 130 Land 6,014 6,019 Construction in progress 30 30 Total property, plant and equipment 12,075 12,199 Intangible assets Goodwill 9,661 9,509 Customer-related intangible assets 2,612 2,571 Right to use facilities 116 119 Software 241 224 Other 98 121 Total intangible assets 12,730 12,545 Investments and other assets Investment securities 21,736 20,467 Long-term loans receivable 27 26 Deferred tax assets 729 763 Other 1,303 968 Allowance for doubtful accounts (37) (37) Total investments and other assets 23,759 22,188 Total non-current assets 48,566 46,932 Total assets 198,329 182,202
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(Million yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 55,866 40,761 Short-term borrowings 8 8 Current portion of long-term borrowings 3,600 3,120 Lease liabilities 71 71 Accounts payable – other 2,327 2,132 Income taxes payable 2,227 1,331 Advances received 49,409 56,090 Provision for product warranties 33 37 Provision for bonuses 1,471 1,393 Provision for bonuses for directors 222 56 Other 1,999 2,263 Total current liabilities 117,237 107,268 Non-current liabilities Long-term borrowings 19,577 14,735 Lease liabilities 264 255 Retirement benefit liability 2,244 2,272 Provision for retirement benefits for directors 167 168 Provision for share awards 139 140 Asset retirement obligations 20 20 Deferred tax liabilities 3,402 3,058 Other 491 500 Total non-current liabilities 26,307 21,152 Total liabilities 143,544 128,420 Net assets Shareholders’ equity Share capital 6,728 6,728 Capital surplus 2,107 2,107 Retained earnings 36,208 37,247 Treasury shares (608) (1,776) Total shareholders’ equity 44,435 44,307 Accumulated other comprehensive income Valuation difference on available-for-sale securities 6,836 6,034 Foreign currency translation adjustment 2,709 2,721 Remeasurements of defined benefit plans 204 155 Total accumulated other comprehensive income 9,750 8,911 Share acquisition rights 207 151 Non-controlling interests 390 412 Total net assets 54,784 53,781 Total liabilities and net assets 198,329 182,202
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(2) Quarterly Consolidated Statements of Income and Comprehensive Income Three Months Ended June 30 (Million yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net sales 25,569 27,738 Cost of sales 19,139 18,848 Gross profit 6,429 8,889 Selling, general and administrative expenses 4,836 6,345 Operating profit 1,592 2,543 Non-operating income Interest income 12 4 Dividend income 24 26 Gain on sale of securities 0 0 Share of profit of entities accounted for using equity method 168 246 Other 23 30 Total non-operating income 230 308 Non-operating expenses Interest expenses 1 65 Foreign exchange losses 18 26 Other 7 25 Total non-operating expenses 27 117 Ordinary profit 1,795 2,734 Extraordinary income Gain on sale of investment securities 1,577 1,329 Total extraordinary income 1,577 1,329 Extraordinary losses Provision for litigation loss 489 – Total extraordinary losses 489 – Profit before income taxes 2,883 4,063 Income taxes - current 1,004 1,261 Income taxes - deferred 72 21 Total income taxes 1,076 1,282 Net Profit 1,806 2,781 Profit attributable to Profit attributable to owners of parent 1,785 2,757 Profit attributable to non-controlling interests 21 23 Other comprehensive income Valuation difference on available-for-sale securities (367) (823) Foreign currency translation adjustment (285) 6 Remeasurements of defined benefit plans, net of tax (16) (46) Share of other comprehensive income of entities accounted for using equity method (51) 22 Total other comprehensive income (721) (840) Comprehensive income 1,085 1,940 Comprehensive income attributable to Comprehensive income attributable to owners of parent 1,068 1,918 Comprehensive income attributable to non-controlling interests 16 21