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February 2026 Inabata & Co., Ltd. IR Briefing for Q3 Fiscal Year ending March 2026
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Net sales: ¥624.7 billion - 1.6 % YoY Operating profit: ¥20.2 billion - 0.5 % YoY Ordinary profit: ¥21.4 billion + 3.0 % YoY ¥16.7 billion - 4.1 % YoYProfit attributable to owners of parent: Consolidated Results Review－Q3 FY03/2026 2 Copyright © INABATA＆CO., LTD. 2026 Ordinary profit reached a record high, with operating profit maintained at a record level. Sales declined in Information & Electronics, while sales grew in all other segments. Profit declined in Information & Electronics, while profit rose substantially in Life Industry. Gains on sales of investment securities declined. Dividend income and equity-method investment gains increased.
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Q1-3 FY03/25 Q1-3 FY03/26 (A) YoY change Forecast announced May 9, 2025 (B) Achievement rate （A)/(B)Amount % Net sales 635.1 624.7 -10.3 -1.6% 870.0 71.8% Operating profit 20.3 20.2 -0.1 -0.5% 25.5 79.5% Ordinary profit 20.8 21.4 +0.6 +3.0% 25.5 84.2% Profit attributable to owners of parent 17.4 16.7 -0.7 -4.1% 19.5 85.9% Exchange rate (USD/JPY) 152.64 148.71 -3.93 143.00 (Billions of yen) 3 Copyright © INABATA＆CO., LTD. 2026 Consolidated Results Review－Q3 FY03/2026
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504.9 561.1 572.9 635.1 624.7680.9 735.6 766.0 837.8 Full-year forecast (as announced on May 9, 2025) 870.0 0.0 200.0 400.0 600.0 800.0 1,000.0 FY03/22 FY03/23 FY03/24 FY03/25 FY03/26 Net sales Q1-3 Full year (Billions of yen) % Achieved 71.8% * Estimate at time of release (Reference) FY03/22 FY03/23 FY03/24 FY03/25 FY03/26 Exchange rate: USD/JPY Q1-3 111.14 136.49 143.33 152.64 148.71 Full year 112.39 135.50 144.59 152.62 143.00 4 Copyright © INABATA＆CO., LTD. 2026 * Trend in Net Sales
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16,335 16,126 16,319 20,393 20,282 20,052 20,314 21,190 25,824 Full-year forecast (as announced on May 9, 2025) 25,500 0 5,000 10,000 15,000 20,000 25,000 30,000 FY03/22 FY03/23 FY03/24 FY03/25 FY03/26 Operating profit Q1-3 Full year % Achieved 79.5% (Millions of yen) 5 Copyright © INABATA＆CO., LTD. 2026 Trend in Operating Profit
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17,829 15,394 16,402 20,826 21,460 21,648 19,110 21,393 26,134 Full-year forecast (as announced on May 9, 2025) 25,500 0 5,000 10,000 15,000 20,000 25,000 30,000 FY03/22 FY03/23 FY03/24 FY03/25 FY03/26 Ordinary profit Q1-3 Full Year % Achieved 84.2% (Millions of yen) 6 Copyright © INABATA＆CO., LTD. 2026 Trend in Ordinary Profit
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18,281 15,357 16,686 17,468 16,748 22,351 19,478 20,000 19,833 Full-year forecast (as announced on May 9, 2025) 19,500 0 5,000 10,000 15,000 20,000 25,000 FY03/22 FY03/23 FY03/24 FY03/25 FY03/26 Profit attributable to owners of parent Q1-3 Full year % Achieved 85.9% (Millions of yen) Notes: 1. Recording of gain on sales of investment securities: ¥8.97 billion in FY03/22, ¥8.66 billion in FY03/23, ¥3.76 billion in FY03/24, ¥3.61 billion in FY03/25 ¥7.13 billion in Q3 FY03/22, ¥6.42 billion in Q3 FY03/23, ¥3.71 billion in Q3 FY03/24, ¥3.61 billion in Q3 FY03/25, ¥2.64 billion in Q3 FY03/26 2. Recording of gain on negative goodwill: ¥3.41 billion in Q1 FY03/24 (and full-year FY03/24) 7 Copyright © INABATA＆CO., LTD. 2026 Trend in Profit Attributable to Owners of Parent
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Assets End-FY03/25 End-Dec 2025 Change Liabilities and net assets End-FY03/25 End-Dec 2025 Change Cash and deposits 59.8 71.8 +12.0 Notes and accounts payable - trade 121.1 134.3 +13.1 Notes receivable - trade 29.6 29.8 +0.1 Short-term loans payable 28.3 28.1 -0.1 Accounts receivable- trade 173.8 185.7 +11.9 Other current liabilities 18.9 23.4 +4.4 Inventories 86.7 93.4 +6.6 Bonds payable 25.0 25.0 - Other current assets 9.9 12.1 +2.2 Long-term loans payable 20.2 27.7 +7.4 Property, plant and equipment 19.7 27.9 +8.2 Other non-current liabilities 11.6 14.9 +3.2 Intangible assets 9.3 10.4 +1.0 Shareholders' equity 169.4 176.5 +7.0 Investment securities 36.2 44.8 +8.6 Accumulated other comprehensive income 38.7 53.6 +14.9 Other fixed assets 16.7 17.6 +0.8 Non-controlling interests 8.4 10.0 +1.6 Total assets 441.9 493.8 +51.9 Total liabilities and net assets 441.9 493.8 +51.9 Current ratio 213.7% 211.4% Equity ratio 47.1% 46.6% Balance Sheet (Billions of yen) 8 Copyright © INABATA＆CO., LTD. 2026 Cash and deposits, notes and accounts receivable - trade, and notes and accounts payable - trade increased, due mainly to the impact of weaker yen. Thanks to an increase in the market value of securities held, investment securities and accumulated other comprehensive income grew.
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(Billions of yen) (Times) Equity Capital, Net Interest-Bearing Debt, Net Debt/Equity Ratio 174.9 179.4 200.1 208.1 230.2 29.1 28.4 11.5 13.7 9.0 0.17 0.16 0.06 0.07 0.04 0.00 0.20 0.40 0.60 0.80 0 50 100 150 200 250 End-FY03/22 End-FY03/23 End-FY03/24 End-FY03/25 End-Dec/25 Equity capital Net interest-bearing debt Net debt/equity ratio Notes: Equity capital = net assets – stock acquisition rights – non-controlling interests Net debt/equity ratio = (short-term loans payable + long-term loans payable + bonds payable – cash and deposits) / equity capital Copyright © INABATA＆CO., LTD. 2026 9
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Q1-3 FY03/25 Q1-3 FY03/26 YoY change Information & Electronics 202.5 181.7 -10.3% Chemicals 89.0 93.4 +5.0% Life Industry 40.7 44.7 +9.8% Plastics 302.6 304.7 +0.7% Other 0.1 0.1 -0.1% Total 635.1 624.7 -1.6% Information & Electronics: 29.1% Chemicals: 14.9% Life Industry: 7.2% Plastics: 48.8% Net Sales by Business Segment (Billions of yen) Net Sales 10 Copyright © INABATA＆CO., LTD. 2026 In Information & Electronics, net sales declined due to the absence of large equipment sales and lower sales of solar power generation-related products. In Plastics, sales generally held firm for all applications.
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(Billions of yen) (Reference) Q3 FY03/2026 Net Sales Breakdown by Segment and Region Note: Revenue arising from contracts with customers are recorded based on the location of corresponding sales offices, categorized by country or region. 11 Copyright © INABATA＆CO., LTD. 2026 Information & Electronics Chemicals Life Industry Plastics Other Total Japan 65.0 70.4 35.2 117.9 - 288.7 Southeast Asia 10.5 12.6 0.1 127.1 - 150.4 Northeast Asia 85.7 3.3 2.4 44.9 - 136.3 Americas 12.2 3.3 4.7 12.8 - 33.2 Europe 8.1 3.5 2.1 1.8 - 15.7 Revenue arising from contracts with customers 181.7 93.4 44.7 304.7 - 624.6 Other revenue - - - - 0.1 0.1 Sales to external customers 181.7 93.4 44.7 304.7 0.1 624.7
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Q1-3 FY03/25 Q1-3 FY03/26 YoY change Information & Electronics 6,765 5,548 -18.0% Chemicals 2,283 2,629 +15.2% Life Industry 939 1,845 +96.4% Plastics 10,302 10,156 -1.4% Other 102 102 -0.2% Total 20,393 20,282 -0.5% Operating Profit by Business Segment （Millions of yen）Operating profit Information & Electronics 27.3% Chemicals 13.0% Life Industry 9.1% Plastics 50.1% Other 0.5% 12 Copyright © INABATA＆CO., LTD. 2026 In Information & Electronics, profit declined due to lower sales of FPD-related and solar power generation-related products. Profit grew in Chemicals, as sales of paint, ink and adhesive-related products increased. In Life Industry, profit increased significantly owing to a recovery in earnings of the US subsidiary and contributions from newly consolidated subsidiaries in Japan.
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Net Sales by Business Segment (Full Year) (Billions of yen) 13 Copyright © INABATA＆CO., LTD. 2026 No change has been made to the initial FY03/26 forecast by segment. (Forecast) 238.0 239.1 264.0 264.0 89.8 112.6 118.2 132.5 43.6 53.5 53.7 64.5 363.9 360.4 401.5 408.8 Other 0.1 Other 0.1 Other 0.1 Other 0.2 0.0 200.0 400.0 600.0 800.0 1,000.0 FY03/23 FY03/24 FY03/25 FY03/26 Other Plastics Life Industry Chemicals Information & Electronics 766.0735.6 837.8 870.0
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Operating Profit by Business Segment (Full Year) (Billions of yen) 14 Copyright © INABATA＆CO., LTD. 2026 5.26 6.90 8.47 6.60 2.77 2.78 2.94 3.20 1.93 1.48 1.17 2.80 10.20 9.87 13.08 12.80 Other 0.13 Other 0.13 Other 0.10Other 0.13 0.0 5.0 10.0 15.0 20.0 25.0 30.0 FY03/23 FY03/24 FY03/25 FY03/26 Other Plastics Life Industry Chemicals Information & Electronics 20.3 21.1 No change has been made to the initial FY03/26 forecast by segment. 25.8 25.5 (Forecast)
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Note: Total return ratio (%) = (dividend amount + amount of treasury shares acquired) / consolidated net income × 100 During NC2026 Progressive dividends We will ensure that dividend per share does not decline year on year by continually increasing our dividends. Target total return ratio of around 50% Copyright © INABATA＆CO., LTD. 2026 15 Basic Policy on Shareholder Return
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* Amounts current as of December 31, 2025. Copyright © INABATA＆CO., LTD. 2025 36 40 40 48 53 63 110 115 120 125 128 23.7% 25.6% 36.4% 22.7% 28.1% 27.5% 29.4% 33.5% 33.1% 34.4% 35.0% 31.1% 34.8% 46.5% 30.0% 31.9% 27.6% 62.2% 47.1% 44.7% 55.0% FY03/16 FY03/17 FY03/18 FY03/19 FY03/20 FY03/21 FY03/22 FY03/23 FY03/24 FY03/25 FY03/26 Dividend Dividend payout ratio Total return ratio Approx. 50% target Annual dividends per share and indicators of shareholder return Treasury shares FY03/16 FY03/17 FY03/18 FY03/19 FY03/20 FY03/21 FY03/22 FY03/23 FY03/24 FY03/25 FY03/26* Acquisition amount 707 891 679 936 425 - 7,499 2,635 2,229 4,079 3,208 No. of shares Acquired 600 600 400 600 300 - 3,085 1,035 765 1,200 1,000 No. of shares cancelled - - - - - - 2,700 3,685 1,200 1,200 1,000 (Millions of yen) (Thousands of shares） (Thousands of shares） forecast （Yen） Shareholder Return For FY03/26, we plan to pay an annual dividend of ¥128 per share, up for the eighth consecutive fiscal year. (interim: ¥63 (actual), year-end: ¥65 (forecast)) We bought back and canceled 1,000,000 shares. NC2020 NC2023 NC2026 16
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Note: In Q1 FY03/26 Satoen Co., Ltd., Marukabu Sato Seicha Co., Ltd. and Maruishi Chemical (Thailand) Co., Ltd. were made consolidated subsidiaries. Number of companies Japan Overseas Total Consolidated subsidiaries 13 39 52 (Of which, manufacturers and processing companies) （8） （18） （26） Equity-method affiliates 2 1 3 (Of which, manufacturers and processing companies) （1） （1） （2） Total 15 40 55 (Of which, manufacturers and processing companies) （9） （19） （28） Copyright © INABATA＆CO., LTD. 2026 17 Consolidated Subsidiaries
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16.4 16.0 16.5 16.5 16.5 130.5 134.6 144.6 153.6 160.6 22.6 12.8 10.2 9.4 14.2 11.7 17.1 28.5 28.1 38.3 -50 0 50 100 150 200 250 FY03/22 FY03/23 FY03/24 FY03/25 End-Dec 2025 Capital stock and capital surplus Retained earnings Treasury shares Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans (Reference) Equity Capital 18 Copyright © INABATA＆CO., LTD. 2026 174.9 179.4 200.1 Treasury shares: -0.9 Treasury shares: -7.3 Remeasurements of defined benefit plans: 0.5 Deferred gains or losses on hedges: 0.3 Treasury shares: -2.2 Remeasurements of defined benefit plans: 0.5 Deferred gains or losses on hedges: 0.3 (Billions of yen) Deferred gains or losses on hedges: 0.5 Treasury shares: -0.7 Remeasurements of defined benefit plans: 0.8 Deferred gains or losses on hedges: 0.3 Remeasurements of defined benefit plans: 0.4 208.1 230.2 Treasury shares: -0.7 Remeasurements of defined benefit plans: 0.8 Deferred gains or losses on hedges: 0.3
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112.39 135.50 144.59 152.62 148.71 17.51 19.75 20.13 21.11 20.77 0.00 50.00 100.00 150.00 FY03/22 FY03/23 FY03/24 FY03/25 Q3 FY03/26 USD/JPY CNY/JPY (Yen) (Reference) Trends in average foreign exchange rates 19 Copyright © INABATA＆CO., LTD. 2026
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Cautionary note regarding future estimates The data and future predictions contained in this document are based on information available and judgments applicable at the time of the document’s release. The data and future forecasts contained herein may include elements that are subject to change, and this document and its contents are no guarantee of future performance. Presentation of numbers Yen figures presented in these materials have been rounded off below the unit indicated. Consequently, individual figures may not sum to the total amounts indicated. IR Inquiries IR Department, Financial Management Office, Inabata & Co., Ltd. E-mail: inabata-ir@inabata.com Copyright © INABATA＆CO., LTD. 2026 20