Interim report
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Note: This document has been translated from 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. August 4, 2026 CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll RRRRReeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee TTTTThhhhhrrrrreeeeeeeeee MMMMMooooonnnnnttttthhhhhsssss EEEEEnnnnndddddeeeeeddddd JJJJJuuuuunnnnneeeee 3333300000,,,,, 22222000002222266666 (((((UUUUUnnnnndddddeeeeerrrrr JJJJJaaaaapppppaaaaannnnneeeeessssseeeee GGGGGAAAAAAAAAAPPPPP))))) Company name: TOBU RAILWAY CO.,LTD. Listing: Tokyo Stock Exchange Securities code: 9001 URL: https://www.tobu.co.jp/ Representative: Yutaka Tsuzuki President Director Inquiries: Kosuke Shimizu Finance and Accounting Department Manager Telephone: +81-3-5962-2183 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (Yen amounts are rounded down to millions, unless otherwise noted.) 11111..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee ttttthhhhhrrrrreeeeeeeeee mmmmmooooonnnnnttttthhhhhsssss eeeeennnnndddddeeeeeddddd JJJJJuuuuunnnnneeeee 3333300000,,,,, 22222000002222266666 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222266666 tttttooooo JJJJJuuuuunnnnneeeee 3333300000,,,,, 22222000002222266666))))) (((((11111))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg rrrrreeeeesssssuuuuullllltttttsssss (((((cccccuuuuummmmmuuuuulllllaaaaatttttiiiiivvvvveeeee))))) (Percentages indicate year-on-year changes.) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30, 2026 156,292 5.2 21,017 10.6 20,712 9.5 14,193 1.5 June 30, 2025 148,613 (0.9) 19,003 (11.2) 18,916 (12.4) 13,989 (6.1) Note: Comprehensive income For the three months ended June 30, 2026: ¥ 18,978 million [ 6.8%] For the three months ended June 30, 2025: ¥ 17,768 million [ 2.6%] Basic earnings per share Diluted earnings per share Three months ended Yen Yen June 30, 2026 72.59 - June 30, 2025 70.40 - (((((22222))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll pppppooooosssssiiiiitttttiiiiiooooonnnnn Total assets Net assets Equity ratio As of Millions of yen Millions of yen % June 30, 2026 1,852,176 633,865 33.9 March 31, 2026 1,863,562 622,227 33.0 Reference: Equity As of June 30, 2026: ¥ 627,224 million As of March 31, 2026: ¥ 615,605 million
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22222..... CCCCCaaaaassssshhhhh dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 32.50 - 37.50 70.00March 31, 2026 Fiscal year ending -March 31, 2027 Fiscal year ending March 31, 2027 (Forecast) 37.50 - 37.50 75.00 Note: Revisions to the forecast of cash dividends most recently announced: None 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222277777 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222266666 tttttooooo MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222277777))))) (Percentages indicate year-on-year changes.) Operating revenue 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 Full year 673,000 2.7 72,000 0.2 63,500 (7.7) 56,000 0.7 286.39 Note: Revisions to the financial result forecast most recently announced: None ***** NNNNNooooottttteeeeesssss (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 197,266,821 shares As of March 31, 2026 197,266,821 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 1,727,246 shares As of March 31, 2026 1,735,470 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 195,534,331 shares Three months ended June 30, 2025 198,705,111 shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
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TOBU RAILWAY CO.,LTD.(9001) 1 Quarterly Consolidated Financial Statements Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 44,370 37,297 Notes and accounts receivable - trade, and contract assets 77,585 66,637 Land and buildings for sale in lots 33,862 35,957 Other 39,104 38,205 Allowance for doubtful accounts (135) (104) Total current assets 194,787 177,993 Non-current assets Property, plant and equipment Buildings and structures, net 533,552 530,972 Land 696,164 696,234 Other, net 232,704 233,944 Total property, plant and equipment 1,462,421 1,461,152 Intangible assets 22,016 21,003 Investments and other assets Investment securities 127,510 135,099 Other 57,693 57,786 Allowance for doubtful accounts (867) (860) Total investments and other assets 184,336 192,026 Total non-current assets 1,668,775 1,674,182 Total assets 1,863,562 1,852,176
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TOBU RAILWAY CO.,LTD.(9001) 2 (Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 50,884 39,809 Short-term borrowings 106,900 88,924 Current portion of long-term borrowings 64,862 65,483 Commercial papers - 50,000 Current portion of bonds payable 9,800 - Provisions 9,638 11,532 Other 233,899 202,849 Total current liabilities 475,985 458,599 Non-current liabilities Bonds payable 124,000 124,000 Long-term borrowings 483,425 475,488 Provisions 1,345 1,338 Retirement benefit liability 35,723 36,159 Other 120,855 122,725 Total non-current liabilities 765,350 759,711 Total liabilities 1,241,335 1,218,310 Net assets Shareholders' equity Share capital 102,135 102,135 Capital surplus 52,008 52,063 Retained earnings 347,268 354,193 Treasury shares (5,228) (5,199) Total shareholders' equity 496,183 503,194 Accumulated other comprehensive income Valuation difference on available-for-sale securities 64,475 69,357 Revaluation reserve for land 46,725 46,631 Foreign currency translation adjustment 240 245 Remeasurements of defined benefit plans 7,980 7,795 Total accumulated other comprehensive income 119,421 124,029 Non-controlling interests 6,621 6,641 Total net assets 622,227 633,865 Total liabilities and net assets 1,863,562 1,852,176
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TOBU RAILWAY CO.,LTD.(9001) 3 Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income (For the three months) (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Operating revenue 148,613 156,292 Operating expenses Operating expenses and cost of sales of transportation 97,464 102,890 Selling, general and administrative expenses 32,145 32,384 Total operating expenses 129,609 135,274 Operating profit 19,003 21,017 Non-operating income Dividend income 1,487 1,528 Dividend income of insurance 375 370 Other 317 542 Total non-operating income 2,180 2,441 Non-operating expenses Interest expenses 1,914 2,430 Other 353 315 Total non-operating expenses 2,267 2,746 Ordinary profit 18,916 20,712 Extraordinary income Gain on sale of non-current assets 42 286 Gain on sale of investment securities 142 - Subsidy income 150 174 Other 53 28 Total extraordinary income 388 490 Extraordinary losses Loss on retirement of non-current assets 173 136 Loss on tax purpose reduction entry of non-current assets 19 4 Other 69 225 Total extraordinary losses 262 367 Profit before income taxes 19,042 20,835 Income taxes - current 5,805 6,538 Income taxes - deferred (774) 24 Total income taxes 5,031 6,562 Profit 14,011 14,272 Profit attributable to non-controlling interests 21 79 Profit attributable to owners of parent 13,989 14,193
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TOBU RAILWAY CO.,LTD.(9001) 4 Quarterly Consolidated Statements of Comprehensive Income (For the three months) (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 14,011 14,272 Other comprehensive income Valuation difference on available-for-sale securities 3,766 4,885 Revaluation reserve for land 0 - Foreign currency translation adjustment (23) 5 Remeasurements of defined benefit plans, net of tax 14 (184) Share of other comprehensive income of entities accounted for using equity method (0) 0 Total other comprehensive income 3,757 4,705 Comprehensive income 17,768 18,978 Comprehensive income attributable to Comprehensive income attributable to owners of parent 17,747 18,896 Comprehensive income attributable to non-controlling interests 21 82