Interim report
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DISCLAIMER: 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. October 5, 2026 Consolidated Financial Results for the Three Months Ended August 31, 2026 (Under Japanese GAAP) Company name: KANEKO SEEDS CO., LTD. Listing: Tokyo Stock Exchange Securities code: 1376 URL: https://www.kanekoseeds.jp Representative: MASAHIKO KANEKO, PRESIDENT Inquiries: HIROKATSU HASE, SENIOR MANAGING DIRECTOR HEAD OF GENERAL ADMINISTRA TION・RISK MANAGEMENT Telephone: +81-27-251-1619 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: None Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the three months ended August 31, 2026 (from June 1, 2026 to August 31, 2026) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales 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 % August 31, 2026 15,695 1.0 412 6.5 493 12.1 535 77.5 August 31, 2025 15,538 4.8 387 194.2 439 128.3 301 184.2 Note: Comprehensive income For the three months ended August 31, 2026: ¥866 million [48.8%] For the three months ended August 31, 2025: ¥582 million [238.6%] Basic earnings per share Diluted earnings per share Three months ended Yen Yen August 31, 2026 48.83 - August 31, 2025 27.08 - (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % August 31, 2026 50,586 27,202 53.8 May 31, 2026 54,186 26,745 49.4 Reference: Equity As of August 31, 2026: ¥27,202 million As of May 31, 2026: ¥26,745 million 2. Cash dividends 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 May 31, 2026 - 11.00 - 37.00 48.00 Fiscal year ending May 31, 2027 - Fiscal year ending May 31, 2027 (Forecast) 20.00 28.00 48.00 Note: Revisions to the forecast of cash dividends most recently announced: None 3. Forecast of consolidated financial results for the fiscal year ending May 31, 2027 (from June 1, 2026 to May 31, 2027) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Yen % Yen % Yen % Yen % Yen Six months ending November 30, 2026 - - - - - - - - - Fiscal year ending May 31, 2027 70,000 3.3 2,000 14.3 2,100 13.7 1,650 24.5 150.46 Note: Revisions to the earnings forecasts most recently announced: None
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* Notes (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: Yes Note: For details, please refer to Appendix P.6 "2. Quarterly Consolidated Financial Statements and Key Notes (3) Notes on Quarterly Consolidated Financial Statements (Notes on Accounting Procedures Specific to the Preparation of Quarterly Consolidated Financial Statements)" are available. (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 August 31, 2026 11,772,626 shares As of May 31, 2026 11,772,626 shares (ii) Number of treasury shares at the end of the period As of August 31, 2026 806,577 shares As of May 31, 2026 806,577 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended August 31, 2026 10,966,049 shares Three months ended August 31, 2025 11,142,603 shares Note: The number of treasury shares at the end of the fiscal year includes the Company's shares held by the Stock Benefit Trust (BBT) (106,950 shares in the first quarter of the fiscal year ending May 31, 2027 and 106,950 shares in the fiscal year ending May 31, 2026). In addition, the Company's shares held by the Stock Benefit Trust (BBT) are included in treasury stock that is deducted in the calculation of the average number of shares during the period. (106,950 shares in the first quarter of the fiscal year ending May 31, 2027 and 106,950 shares in the first quarter of the fiscal year ending May 31, 2026). * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:None * Proper use of earnings forecasts, and other special matters (Cautions on forward-looking statements, etc.) The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors.
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Quarterly consolidated balance sheet (Thousands of yen) As of May 31, 2026 As of August 31, 2026 Assets Current assets Cash and deposits 1,909,628 2,249,640 Notes and accounts receivable - trade 19,912,162 14,801,410 Electronically recorded monetary claims - operating 4,862,242 4,241,300 Merchandise 10,837,496 10,211,566 Accounts receivable - other 2,606,376 3,944,888 Other 346,689 498,734 Allowance for doubtful accounts (24,997) (18,989) Total current assets 40,449,597 35,928,550 Non-current assets Property, plant and equipment Land 4,593,854 4,593,854 Other, net 4,940,193 5,536,656 Total property, plant and equipment 9,534,048 10,130,510 Intangible assets 251,853 194,323 Investments and other assets Investment securities 3,492,416 3,869,339 Other 480,812 485,732 Allowance for doubtful accounts (21,943) (21,978) Total investments and other assets 3,951,285 4,333,094 Total non-current assets 13,737,187 14,657,929 Total assets 54,186,785 50,586,479
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(Thousands of yen) As of May 31, 2026 As of August 31, 2026 Liabilities Current liabilities Accounts payable - trade 22,776,957 15,310,623 Short-term borrowings 800,000 4,540,000 Income taxes payable 334,479 282,673 Other 2,060,367 1,641,948 Total current liabilities 25,971,804 21,775,245 Non-current liabilities Retirement benefit liability 411,765 418,860 Provision for share awards for directors (and other officers) 112,096 124,050 Deferred tax liabilities 601,298 754,044 Other 344,125 311,807 Total non-current liabilities 1,469,285 1,608,762 Total liabilities 27,441,090 23,384,008 Net assets Shareholders' equity Share capital 1,491,267 1,491,267 Capital surplus 1,760,773 1,760,773 Retained earnings 22,267,104 22,392,868 Treasury shares (1,206,430) (1,206,430) Total shareholders' equity 24,312,714 24,438,479 Accumulated other comprehensive income Valuation difference on available-for-sale securities 1,882,287 2,225,604 Foreign currency translation adjustment 31,658 37,296 Remeasurements of defined benefit plans 518,733 500,768 Total accumulated other comprehensive income 2,432,679 2,763,669 Non-controlling interests 300 321 Total net assets 26,745,694 27,202,471 Total liabilities and net assets 54,186,785 50,586,479
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Quarterly consolidated statement of income (Thousands of yen) Three months ended August 31, 2025 Three months ended August 31, 2026 Net sales 15,538,000 15,695,407 Cost of sales 13,103,889 13,189,860 Gross profit 2,434,110 2,505,546 Selling, general and administrative expenses 2,046,479 2,092,878 Operating profit 387,631 412,667 Non-operating income Dividend income 53,360 65,684 Rental income from buildings 19,147 17,895 Foreign exchange gains - 12,577 Other 4,307 3,881 Total non-operating income 76,815 100,040 Non-operating expenses Interest expenses 7,931 19,236 Foreign exchange losses 15,444 - Other 1,169 202 Total non-operating expenses 24,545 19,439 Ordinary profit 439,901 493,268 Extraordinary income Gain on sale of investment securities - 330,254 Total extraordinary income - 330,254 Extraordinary losses Loss on disposal of non-current assets 0 26,540 Total extraordinary losses 0 26,540 Profit before income taxes 439,901 796,983 Income taxes 138,188 261,500 Profit 301,712 535,482 Profit attributable to non-controlling interests 8 17 Profit attributable to owners of parent 301,704 535,465
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Quarterly consolidated statement of comprehensive income (Thousands of yen) Three months ended August 31, 2025 Three months ended August 31, 2026 Profit 301,712 535,482 Other comprehensive income Valuation difference on available-for-sale securities 292,581 343,317 Foreign currency translation adjustment (9,271) 5,642 Remeasurements of defined benefit plans, net of tax (2,661) (17,965) Total other comprehensive income 280,649 330,994 Comprehensive income 582,362 866,477 Comprehensive income attributable to Comprehensive income attributable to owners of parent 582,359 866,455 Comprehensive income attributable to non-controlling interests 2 21
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(Notes on segment information, etc.) I. The three months of the previous fiscal year (June 1, 2025 to August 31, 2025) 1. Information on sales and the amount of profit or loss for each reported segment (Thousands of yen) Seeds and Seedlings Floriculture and Home garden Crop Protection Agricultural Materials and Facilities Total Sales Revenues from external customers 2,299,602 1,451,689 8,569,834 3,216,873 15,538,000 Transactions with other segments - - - - - Total 2,299,602 1,451,689 8,569,834 3,216,873 15,538,000 Segment profit (loss) 259,311 (68,430) 451,477 51,145 693,503 2. The difference between the total amount of profit or loss of the reported segment and the amount recorded in the quarterly consolidated statements of income and the main details of the difference (matters related to adjustment of differences) (Thousands of yen) benefit amount of money Total Reporting Segments 693,503 Company-wide expenses (Note) (305,872) Operating Income in Quarterly Consolidated Statements of Income 387,631 Note: Corporate expenses are general and administrative expenses that are not primarily attributable to the reporting segment. 3. Information on impairment losses or goodwill on fixed assets by reporting segment Not applicable. II. The three months of the current fiscal year (June 1, 2026 to August 31, 2026) 1. Information on sales and the amount of profit or loss for each reported segment (Thousands of yen) Seeds and Seedlings Floriculture and Home garden Crop Protection Agricultural Materials and Facilities Total Sales Revenues from external customers 2,355,668 1,431,300 8,293,076 3,615,362 15,695,407 Transactions with other segments - - - - - Total 2,355,668 1,431,300 8,293,076 3,615,362 15,695,407 Segment profit (loss) 271,072 (75,415) 435,445 108,981 740,082 2. The difference between the total amount of profit or loss of the reported segment and the amount recorded in the quarterly consolidated statements of income and the main details of the difference (matters related to adjustment of differences) (Thousands of yen) benefit amount of money Total Reporting Segments 740,082 Company-wide expenses (Note) (327,414) Operating Income in Quarterly Consolidated Statements of Income 412,667 Note: Corporate expenses are general and administrative expenses that are not primarily attributable to the reporting segment. 3. Information on impairment losses or goodwill on fixed assets by reporting segment Not applicable.