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Iwatani Financial Results for 1Q FY2026 ( Results for the Fiscal Year Ended June 30th , 2026 ) ( Forward - Looking Statements ) This material contains forward - looking statements based on expectations and are not guarantees or assurances of future performance . Accordingly , please be fully aware that results may differ materially from those expectations . Copyright © Iwatani Corporation . All rights reserved . August 6 , 2026 Iwatani Corporation [ Security Code 8088 )
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Copyright © Iwatani Corporation. All rights reserved. 1 FY2026 1Q Overview
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Copyright © Iwatani Corporation. All rights reserved. 2 Net sales and all profit categories increased, and record-high in profits for 1Q. Highlights Summary of Financial Results for FY2026 1Q ■ Net sales increased in all segments due to higher LPG import prices as well as solid sales of products for the semiconductor and electronic components industries and rechargeable battery materials. ■ Operating profit increased due to the positive impact of LPG import price fluctuations and improved profitability of helium. ■ Full-year forecasts : No change Due to the finalization of the provisional accounting treatment for the business combination with ISG, Inc., operating profit, ordinary profit, and profit attributable to owners of parent for FY2025 1Q have been revised from the amounts previously announced. All data presented in this material reflect the above revision. 64 134 43 97 178 1Q 2Q 3Q 4Q Net sales 233.3 billion yen Operating profit 13.4 billion yen 31.7 billion yen YoY+27.0 billion yen +13.1% YoY +6.9 billion yen +109.0% YoY+26.9 billion yen +569.6% Profit attributable to owners of parent 1Q 2Q 3Q 4Q ■Operating profit quarterly trends (100 million yen) FY2025 FY2026 Ordinary profit 34.2 billion yen YoY +26.8 billion yen +361.3%
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Copyright © Iwatani Corporation. All rights reserved. 3 2,063 113 69 3 2,333 FY26 1Q Results (A) FY25 1Q Results (B) YoY (A) - (B) (A) / (B) FY26 Forecasts Progress (A) / (C) Net sales 2,333 2,063 +270 +13.1% 9,600 24.3% Gross profit 647 545 +101 +18.6% - - Operating profit 134 64 +69 +109.0% 488 27.5% Operating profit excluding impact of LPG import price fluctuation 98 75 +22 +29.1% 488 20.1% Non-operating profit 208 10 +198 +1,949.5% - - Equity gains of affiliated companies related to Cosmo Energy HD 182 (5) +187 - 88 - Ordinary profit 342 74 +268 +361.3% 590 58.1% Profit attributable to owners of parent 317 47 +269 +569.6% 455 69.7% (100 million yen) 64 56 27 134 (6)(6) FY25 1Q FY26 1Q Consolidated Operating Results FY25 1Q FY26 1Q ■Operating profit ■Net sales Industrial Gases & Machinery Materials Others, Adjustments Integrated Energy 83 Integrated Energy Industrial Gases & Machinery Materials Others
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Copyright © Iwatani Corporation. All rights reserved. 4 FY26 1Q Results (A) FY25 1Q Results (B) YoY (A) - (B) YoY (A) / (B) FY26 Forecasts (C) Progress (A) / (C) Net sales 2,333 2,063 +270 +13.1% 9,600 24.3% ■Integrated Energy 998 914 +83 +9.1% 4,047 24.7% ■Industrial Gases & Machinery 690 620 +69 +11.3% 2,927 23.6% ■Materials 628 515 +113 +21.9% 2,573 24.4% ■Others 16 13 +3 +28.0% 53 32.1% Operating profit 134 64 +69 +109.0% 488 27.5% ■Integrated Energy 76 20 +56 +271.8% 231 33.2% ■Industrial Gases & Machinery 48 21 +27 +129.8% 185 26.2% ■Materials 23 29 (6) (23.1)% 130 17.7% ■Others, Adjustments (14) (7) (6) - (58) - Operating profit excluding impact of LPG import price fluctuation 98 75 +22 +29.1% 488 20.1% Equity gains of affiliated companies related to Cosmo Energy HD 182 (5) +187 - 88 - Ordinary profit 342 74 +268 +361.3% 590 58.1% Profit attributable to owners of parent 317 47 +269 +569.6% 455 69.7% (100 million yen) *Due to the reclassification of two consolidated subsidiaries from “Others” to the Integrated Energy business starting from FY2026, the results for FY2025 have been restated. Consolidated Operating Results (Segment Analysis)
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Copyright © Iwatani Corporation. All rights reserved. 5 FY25 1Q Im pact of LPG im port price fluctuation Retail Wholesale Industrial Energy-related equipm ent Portable gas cooking stove, cassette gas canisters FY26 1Q ■Impact of LPG import price fluctuation +4,790 ■Retail (220) -decrease in sales volume of LPG ■Wholesale +1,260 -increase in the profitability of LPG ■Industrial (40) -decrease in LPG demand for calorific adjustment for city gas ■Energy-related equipment +20 -solid sales of GHP, air conditioning, etc. ■Portable gas cooking stove, cassette gas canister (200) -decrease in sales in China FY26 1Q Results (A) FY25 1Q Results (B) YoY (A) - (B) YoY (A) / (B) FY26 Forecasts (C) Progress (A) / (C) Net sales 99,809 91,475 +8,333 +9.1% 404,700 24.7% Operating profit 7,671 2,063 +5,608 +271.8% 23,100 33.2% Operating profit excluding impact of LPG import price fluctuation 4,063 3,242 +821 +25.3% 23,100 17.6% Results Analysis of changes in operating profit (100 million yen) 1Q 2Q 1H 3Q 4Q Full year FY26 1Q +36.1 - - - - - FY25 1Q (11.8) (19.4) (31.2) (24.4) (1.4) (57.1) Changes +47.9 - - - - - (million yen)Operating Profit Analysis of Integrated Energy Main factors 4,790 1,260 (200)(40) 2,063 7,671 (220) 20
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Copyright © Iwatani Corporation. All rights reserved. 6 FY25 1Q Air separation gases Hydrogen business Speciality gases Gas-related equipment FY26 1Q (million yen) 6 Results Analysis of changes in operating profit Main factors Operating Profit Analysis of Industrial Gases & Machinery ■Air separation gases +140 -solid sales of air separation gases mainly for the electronic component industries ■Hydrogen business +690 -increase in sales volume of liquid hydrogen for space development and decarbonization ■Specialty gases +1,620 -increase in the profitability of helium due to rising market prices -strong sales of the gases for semiconductor industries ■Gas-related equipment +280 -increase in sales of ammonia supply facilities for decarbonization FY26 1Q Results (A) FY25 1Q Results (B) YoY (A) - (B) YoY (A) / (B) FY26 Forecasts (C) Progress (A) / (C) Net sales 69, 024 62,033 +6,990 +11.3% 292,700 23.6% Operating profit 4,842 2,107 +2,735 +129.8% 18,500 26.2% 140 690 2,107 4,8421,620 280
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Copyright © Iwatani Corporation. All rights reserved. 7 FY25 1Q Functional plastics products Resources & advances materials Metals Electronic materials FY26 1Q (million yen) 7 Results Analysis of changes in operating profit Main factors Operating Profit Analysis of Materials ■Functional plastics products +480 -solid sales of resin raw materials and resin products ■Resources & advanced materials (1,030) -decline in the profitability of mineral sands due to the delays in achieving stable operations at a new mining site in Australia -increase in sales of rare earths and other items due to the efforts to ensure stable supply ■Metals (150) -decrease in sales volume of stainless steels ■Electronic materials +10 -increase in sales of rechargeable battery materials 480 (1,030) 10 (150) 2,991 2,301 FY26 1Q Results (A) FY25 1Q Results (B) YoY (A) - (B) YoY (A) / (B) FY26 Forecasts (C) Progress (A) / (C) Net sales 62,825 51,517 +11,307 +21.9% 257,300 24.4% Operating profit 2,301 2,991 (690) (23.1)% 13,000 17.7%
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Copyright © Iwatani Corporation. All rights reserved. 8 FY2026 Forecasts
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Copyright © Iwatani Corporation. All rights reserved. 9 Forecasts for the Year Ending March 31, 2027 FY26 Forecasts FY25 Results Change Rate Net sales 9,600 9,085 +514 +5.7% ■Integrated Energy 4,047 3,949 +97 +2.5% ■Industrial Gases &Machinery 2,927 2,887 +39 +1.4% ■Materials 2,573 2,183 +389 +17.8% ■Others 53 64 (11) (18.1)% Operating profit 488 383 +104 +27.4% ■Integrated Energy 231 149 +81 +54.8% ■Industrial Gases &Machinery 185 154 +30 +20.0% ■Materials 130 116 +13 +11.9% ■Others, Adjustments (58) (36) (21) - Operating profit excluding impact of LPG import price fluctuation 488 440 +47 +10.8% Equity earnings of affiliated companies related to Cosmo Energy HD 88 109 (21) (19.6)% Ordinary profit 590 552 +37 +6.8% Profit attributable to owners of parent 455 476 (21) (4.5)% (100 million yen) Estimated exchange rate Dividend forecast Fiscal Year Ending Mar. 31, 2027 -interim dividend : 23.5 JPY (forecast) -year-end dividend: 23.5 JPY (forecast) -annual dividend : 47.0 JPY (forecast) Exchange rate 150 JPY/$ LPG import price 550 $/t (FY25 results) Exchange rate 151.14 JPY/$ LPG import price 549 $/t No change from initial forecasts *Announced on May 14th, 2026 *Due to the reclassification of two consolidated subsidiaries from “Others” to the Integrated Energy business starting from FY2026, the results for FY2025 have been restated.
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Copyright © Iwatani Corporation. All rights reserved. 10 LPG import price fluctuation produces short-term impact on performance (due to market fluctuations) For Reference: Impact of LPG Import Price Fluctuations Assumption ① LPG import price -LPG from Middle East(CP) -LPG from the US(MB) Wholesale price is linked to LPG import price. Assumption ② Term from import to sale is approx. three months. Legally required reserves:40 days Gas-producing country Iwatani's LPG import & storage terminal LPG users Wholesale pricelinked to Approx. three months ⇒If LPG import prices return to original levels, the impact will be zero. *Actual impact on performance varies depending on inventory volume, time of sale, sales volume, etc. Rising Phase Falling Phase Cost basis Earnings booster effect Basis for selling price Earnings depressor effects Cost basis Basis for selling price