Interim report
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Note: This document has been translated from a part of 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. February 12, 2026 CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll RRRRReeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee NNNNNiiiiinnnnneeeee MMMMMooooonnnnnttttthhhhhsssss EEEEEnnnnndddddeeeeeddddd DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222255555 (((((UUUUUnnnnndddddeeeeerrrrr JJJJJaaaaapppppaaaaannnnneeeeessssseeeee GGGGGAAAAAAAAAAPPPPP))))) Company name: TOKAI Corp. Listing: Tokyo Stock Exchange Securities code: 9729 URL: https://www.tokai-corp.com/ Representative: Toshiaki Asai Representative Director & President Inquiries: Kenji Yoshida Corporate Officer, Head of Finance & Corporate Planning Division Telephone: +81-58(263)-5111 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 11111..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee nnnnniiiiinnnnneeeee mmmmmooooonnnnnttttthhhhhsssss eeeeennnnndddddeeeeeddddd DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222255555 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222255555 tttttooooo DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222255555))))) (((((11111))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd ooooopppppeeeeerrrrraaaaatttttiiiiinnnnnggggg rrrrreeeeesssssuuuuullllltttttsssss (((((cccccuuuuummmmmuuuuulllllaaaaatttttiiiiivvvvveeeee))))) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % December 31, 2025 119,866 7.2 6,830 20.4 7,318 18.2 5,143 16.7 December 31, 2024 111,765 8.1 5,672 (3.3) 6,188 0.7 4,409 6.8 Note: Comprehensive income For the nine months ended December 31, 2025: ¥ 6,066 million [ 63.6%] For the nine months ended December 31, 2024: ¥ 3,708 million [ (20.4) %] Basic earnings per share Diluted earnings per share Nine months ended Yen Yen December 31, 2025 154.51 - December 31, 2024 129.28 - (((((22222))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll pppppooooosssssiiiiitttttiiiiiooooonnnnn Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % December 31, 2025 117,716 83,488 70.3 March 31, 2025 114,289 85,841 74.5 Reference: Equity As of December 31, 2025: ¥ 82,791 million As of March 31, 2025: ¥ 85,184 million Note: In the nine months ended December 31, 2025, the Company finalized the provisional accounting treatment for a business combination, and the finalized figures have been reflected in the fiscal year ended March 31, 2025.
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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 - 29.00 - 29.00 58.00March 31, 2025 Fiscal year ending - 34.00 -March 31, 2026 Fiscal year ending March 31, 2026 (Forecast) 34.00 68.00 Note: Revisions to the forecast of cash dividends most recently announced: None Note: Breakdown of the third quarter dividend for the fiscal year ending March 31, 2026 : Commemorative dividend 5 yen Special dividend - yen 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222266666 (((((fffffrrrrrooooommmmm AAAAAppppprrrrriiiiilllll 11111,,,,, 22222000002222255555 tttttooooo MMMMMaaaaarrrrrccccchhhhh 3333311111,,,,, 22222000002222266666))))) (Percentages indicate year-on-year changes.) Net sales 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 157,976 5.6 8,216 0.3 8,590 (2.7) 5,499 16.3 178.24 Note: Revisions to the financial result forecast most recently announced: None Note: In the nine months ended December 31, 2025, the Company finalized the provisional accounting treatment for a business combination, and the effects of the finalization have been reflected in the YoY percentage changes of financial result forecasts. Note: Consolidated financial result forecasts for “basic earnings per share” take into account the impact of the acquisition and retirement of treasury shares based on the resolution of the Board of Directors meeting held on November 11, 2025. ***** NNNNNooooottttteeeeesssss (1) Significant changes in the scope of consolidation during the period: Yes Newly included: - companies( ) Excluded: 1 companies( Bilmen Co., Ltd. ) (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 December 31, 2025 33,092,146 shares As of March 31, 2025 36,041,346 shares (ii) Number of treasury shares at the end of the period As of December 31, 2025 2,207,308 shares As of March 31, 2025 2,221,346 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Nine months ended December 31, 2025 33,292,282 shares Nine months ended December 31, 2024 34,104,913 shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes(voluntary) * Proper use of earnings forecasts, and other special matters
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Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet (Millions of yen) As of March 31, 2025 As of December 31, 2025 Assets Current assets Cash and deposits 25,455 25,891 Notes and accounts receivable - trade 21,632 23,273 Securities 1,403 1,353 Inventories 6,490 7,351 Other 1,373 1,455 Allowance for doubtful accounts (44) (52) Total current assets 56,311 59,272 Non-current assets Property, plant and equipment Buildings and structures, net 15,641 15,335 Machinery, equipment and vehicles, net 5,894 5,592 Land 11,828 11,859 Other, net 3,344 3,188 Total property, plant and equipment 36,708 35,975 Intangible assets Goodwill 3,479 3,194 Other 2,250 2,473 Total intangible assets 5,730 5,668 Investments and other assets Investment securities 8,257 9,718 Deferred tax assets 2,126 1,862 Other 5,455 5,507 Allowance for doubtful accounts (300) (288) Total investments and other assets 15,539 16,799 Total non-current assets 57,977 58,443 Total assets 114,289 117,716
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(Millions of yen) As of March 31, 2025 As of December 31, 2025 Liabilities Current liabilities Notes and accounts payable - trade 10,728 13,192 Short-term borrowings 1,766 6,074 Income taxes payable 2,033 787 Provision for bonuses 2,233 1,152 Provision for bonuses for directors (and other officers) 73 51 Other 6,318 7,182 Total current liabilities 23,153 28,440 Non-current liabilities Long-term borrowings 166 72 Deferred tax liabilities 634 1,235 Provision for retirement benefits for directors (and other officers) 442 437 Retirement benefit liability 2,386 2,478 Other 1,663 1,563 Total non-current liabilities 5,293 5,787 Total liabilities 28,447 34,227 Net assets Shareholders' equity Share capital 8,108 8,108 Capital surplus 4,922 3,331 Retained earnings 74,874 73,128 Treasury shares (4,813) (4,751) Total shareholders' equity 83,090 79,816 Accumulated other comprehensive income Valuation difference on available-for-sale securities 2,109 2,983 Remeasurements of defined benefit plans (15) (8) Total accumulated other comprehensive income 2,094 2,975 Non-controlling interests 656 697 Total net assets 85,841 83,488 Total liabilities and net assets 114,289 117,716
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Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Nine-Month Period (Millions of yen) For the nine months ended December 31, 2024 For the nine months ended December 31, 2025 Net sales 111,765 119,866 Cost of sales 85,833 91,027 Gross profit 25,931 28,839 Selling, general and administrative expenses 20,259 22,008 Operating profit 5,672 6,830 Non-operating income Interest income 42 66 Dividend income 178 239 Subsidy income 116 81 Rent revenue of real estate 24 26 Other 209 149 Total non-operating income 571 563 Non-operating expenses Interest expenses 18 26 Compensation for damage 3 19 Rental costs on real estate 15 16 Other 17 14 Total non-operating expenses 54 76 Ordinary profit 6,188 7,318 Extraordinary income Gain on sale of investment securities 770 548 Total extraordinary income 770 548 Extraordinary losses Loss on retirement of non-current assets 42 22 Impairment losses 281 18 Loss on liquidation of subsidiaries and associates - 47 Total extraordinary losses 323 88 Profit before income taxes 6,635 7,778 Income taxes - current 1,744 2,144 Income taxes - deferred 440 449 Total income taxes 2,185 2,593 Profit 4,450 5,184 Profit attributable to non-controlling interests 40 40 Profit attributable to owners of parent 4,409 5,143
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Quarterly Consolidated Statement of Comprehensive Income For the Nine-Month Period (Millions of yen) For the nine months ended December 31, 2024 For the nine months ended December 31, 2025 Profit 4,450 5,184 Other comprehensive income Valuation difference on available-for-sale securities (746) 875 Remeasurements of defined benefit plans, net of tax 4 7 Total other comprehensive income (741) 882 Comprehensive income 3,708 6,066 Comprehensive income attributable to Comprehensive income attributable to owners of parent 3,667 6,025 Comprehensive income attributable to non-controlling interests 40 41