Interim report
Page 1
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 8, 2026 Consolidated Financial Results for the Six Months Ended August 31, 2026 (Under Japanese GAAP) Company name: CREEK & RIVER Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 4763 URL: https://www.cri.co.jp Representative: Jun Kurosaki, President and Representative Director Inquiries: Yuki Tochio, Corporate Officer Telephone: +81-3-4550-0011 Scheduled date to file semi-annual securities report: October 14, 2026 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (for institutional investors and analysts) (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the six months ended August 31, 2026 (from March 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 Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % August 31, 2026 32,058 14.1 2,760 32.7 2,760 34.4 2,107 (3.6) August 31, 2025 28,092 8.7 2,080 (5.2) 2,053 (9.4) 2,186 48.7 Note: Comprehensive income For the six months ended August 31, 2026: ¥2,169 million [(1.4)%] For the six months ended August 31, 2025: ¥2,201 million [43.4%] Basic earnings per share Diluted earnings per share Six months ended Yen Yen August 31, 2026 99.54 - August 31, 2025 103.37 103.15 (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % August 31, 2026 45,511 20,500 44.3 February 28, 2026 46,835 19,425 40.9 Reference: Equity As of August 31, 2026: ¥20,175 million As of February 28, 2026: ¥19,147 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 February 28, 2026 - 0.00 - 50.00 50.00 Fiscal year ending February 28, 2027 - 0.00 Fiscal year ending February 28, 2027 (Forecast) 52.00 52.00 Note: Revisions to the forecast of cash dividends most recently announced: Yes 3. Forecast of consolidated financial results for the fiscal year ending February 28, 2027 (from March 1, 2026 to February 28, 2027) (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 Fiscal year ending February 28, 2027 66,500 8.3 5,650 14.4 5,550 15.0 3,550 (13.5) 167.77 Note: Revisions to the earnings forecasts most recently announced: Yes
Page 2
* Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of semi-annual 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 August 31, 2026 23,009,000 shares As of February 28, 2026 23,009,000 shares (ii) Number of treasury shares at the end of the period As of August 31, 2026 1,833,769 shares As of February 28, 2026 1,833,769 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended August 31, 2026 21,175,231 shares Six months ended August 31, 2025 21,149,678 shares * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Proper use of earnings forecasts, and other special matters Forward-looking statements, such as earnings forecasts, contained in this material are based on information available to the Group and certain assumptions that the Group deems reasonable, and actual results may differ due to various factors. For information on the conditions on which earnings forecasts are based and precautions to be taken when using earnings forecasts, please refer to the attached page4 "Explanation of Forward-Looking Information on Consolidated Earnings Forecasts and Other Forward- Looking Information."
Page 3
Semi-annual consolidated balance sheet (Thousands of yen) As of February 28, 2026 As of August 31, 2026 Assets Current assets Cash and deposits 17,696,415 17,927,468 Notes and accounts receivable - trade, and contract assets 12,182,542 8,909,939 Electronically recorded monetary claims - operating 2,588,686 21,678 Merchandise 9,569 11,478 Finished goods 565,553 760,777 Work in process 304,842 1,748,672 Supplies 42,333 30,904 Prepaid expenses 747,428 721,866 Other 1,263,804 502,001 Allowance for doubtful accounts (58,922) (54,669) Total current assets 35,342,252 30,580,118 Non-current assets Property, plant and equipment 2,517,975 3,193,970 Intangible assets Goodwill 429,352 447,440 Software 767,147 815,731 Other 422,927 402,407 Total intangible assets 1,619,427 1,665,579 Investments and other assets Investment securities 2,326,939 5,317,440 Investments in capital 335,995 335,965 Leasehold and guarantee deposits 1,534,397 1,526,046 Deferred tax assets 2,029,068 1,762,646 Other 1,276,819 1,303,310 Allowance for doubtful accounts (147,057) (173,921) Total investments and other assets 7,356,161 10,071,486 Total non-current assets 11,493,564 14,931,036 Total assets 46,835,817 45,511,155
Page 4
(Thousands of yen) As of February 28, 2026 As of August 31, 2026 Liabilities Current liabilities Trade accounts payable 4,128,227 4,728,817 Electronically recorded obligations - operating 2,077,801 - Short-term borrowings 11,173,106 10,250,000 Current portion of long-term borrowings 98,640 169,445 Income taxes payable 1,389,421 1,003,224 Accrued consumption taxes 1,096,658 727,152 Accrued expenses 815,539 1,064,754 Provision for bonuses 457,846 489,738 refund liability 3,680,487 1,715,175 Deposits received 202,944 1,985,691 Other 1,310,126 1,021,522 Total current liabilities 26,430,799 23,155,522 Non-current liabilities Long-term borrowings 273,700 1,177,175 Retirement benefit liability 65,182 63,948 Provision for share awards 295,019 292,987 Deferred tax liabilities 195,504 158,838 Other 149,927 161,859 Total non-current liabilities 979,334 1,854,809 Total liabilities 27,410,133 25,010,332 Net assets Shareholders' equity Share capital 1,177,194 1,177,194 Capital surplus 2,475,256 2,475,121 Retained earnings 17,951,369 18,970,241 Treasury shares (2,675,464) (2,675,464) Total shareholders' equity 18,928,355 19,947,093 Accumulated other comprehensive income Valuation difference on available-for-sale securities 106,493 138,116 Foreign currency translation adjustment 113,098 90,729 Total accumulated other comprehensive income 219,592 228,845 Share acquisition rights 1,750 1,750 Non-controlling interests 275,985 323,133 Total net assets 19,425,683 20,500,822 Total liabilities and net assets 46,835,817 45,511,155
Page 5
Semi-annual consolidated statement of income (Thousands of yen) Six months ended August 31, 2025 Six months ended August 31, 2026 Net sales 28,092,553 32,058,345 Cost of sales 17,604,961 19,600,416 Gross profit 10,487,591 12,457,929 Selling, general and administrative expenses 8,407,058 9,697,169 Operating profit 2,080,532 2,760,760 Non-operating income Interest income 18,947 41,407 Dividend income 12,770 1,701 Surrender value of insurance policies 45,410 36,845 Subsidy income 12,122 10,930 Share of profit of entities accounted for using equity method - 2,931 Miscellaneous income 8,861 4,853 Other 4,668 3,730 Total non-operating income 102,781 102,400 Non-operating expenses Interest expenses 113,177 70,031 Provision of allowance for doubtful accounts - 26,060 Share of loss of entities accounted for using equity method 15,848 - Other 355 7,035 Total non-operating expenses 129,382 103,127 Ordinary profit 2,053,931 2,760,033 Extraordinary income Gain on sale of investment securities 196 5,157 Gain on sale of shares of subsidiaries and associates - 1,763 reconciliation income 56,685 - Reversal of provision for retirement benefits for directors (and other officers) 6,585 - Total extraordinary income 63,467 6,921 Extraordinary losses Loss on retirement of non-current assets 3,814 11 Loss on sale of non-current assets 0 - Loss on sale of investment securities 910 - Settlement payments 1,200 1,037 Office transfer expense - 44,289 Total extraordinary losses 5,925 45,337 Profit before income taxes 2,111,473 2,721,616 Income taxes - current 195,224 348,318 Income taxes - deferred (290,516) 212,735 Total income taxes (95,291) 561,053 Profit 2,206,765 2,160,562 Profit attributable to non-controlling interests 20,488 52,745 Profit attributable to owners of parent 2,186,276 2,107,817
Page 6
Semi-annual consolidated statement of comprehensive income (Thousands of yen) Six months ended August 31, 2025 Six months ended August 31, 2026 Profit 2,206,765 2,160,562 Other comprehensive income Valuation difference on available-for-sale securities 10,263 31,622 Foreign currency translation adjustment (15,340) (22,368) Total other comprehensive income (5,076) 9,253 Comprehensive income 2,201,688 2,169,816 Comprehensive income attributable to Comprehensive income attributable to owners of parent 2,181,200 2,117,071 Comprehensive income attributable to non-controlling interests 20,488 52,745
Page 7
(Notes on segment information, etc.) Segment Information I. Previous interim consolidated accounting period (from March 1, 2025 to August 31, 2025) 1. Information on sales and the amount of profit or loss for each reported segment (Thousands of yen) Reportable segments Other (Note) 1 Total Adjustment amount (Note) 2 Interim Consolidated Statements of Income (Note)3 Creative Field (Japan) Creative field (Korea) Medical field Accounting And Legal Field CRES field Total Sales Revenues from external customers 19,113,761 1,402,121 3,584,539 1,186,233 389,306 25,675,963 2,416,589 28,092,553 - 28,092,553 Transactions with other segments 58,395 - 600 5,908 21,202 86,106 160,040 246,146 (246,146) - Total 19,172,156 1,402,121 3,585,139 1,192,142 410,508 25,762,069 2,576,629 28,338,699 (246,146) 28,092,553 Segment profit (loss) 1,335,022 (16,747) 1,247,606 54,204 (525,859) 2,094,226 (2,990) 2,091,236 (10,703) 2,080,532 Note: 1 The "Other" category is a business segment that is not included in the reporting segments and includes IT, fashion, a nd other businesses. 2. The adjustment amount of (10,703) thousand yen for segment profit or loss (loss) is the elimination of inter -segment transactions. 3 Segment profit or loss (loss) is adjusted for operating income in the interim consolidated statements of income. 2. Information on impairment losses or goodwill on fixed assets by reporting segment (Significant fluctuations in the amount of goodwill) In the CRES field, goodwill increased by 296,105 thousand yen as a result of the acquisition of shares in T&W Office Co., Ltd. by C&R EVERLASTING STORY Co., Ltd., a consolidated subsidiary of the Company, on March 31, 2025. The amount of goodwill reflects the details of the provisional accounting treatment. II. Interim Consolidated Accounting Period (March 1, 2026 to August 31, 2026) 1. Information on sales and the amount of profit or loss for each reported segment (Thousands of yen) Reportable segments Other (Note) 1 Total Adjustment amount (Note) 2 Interim Consolidated Statements of Income (Note)3 Creative Field (Japan) Creative field (Korea) Medical field Accounting And Legal Field CRES field Total Sales Revenues from external customers 21,003,168 1,612,263 3,976,653 1,248,580 2,159,722 30,000,388 2,057,957 32,058,345 - 32,058,345 Transactions with other segments 45,387 - 6,475 6,641 21,279 79,783 175,367 255,151 (255,151) - Total 21,048,555 1,612,263 3,983,128 1,255,221 2,181,002 30,080,171 2,233,324 32,313,496 (255,151) 32,058,345 Segment profit (loss) 1,337,672 (24,171) 1,585,676 57,013 (150,656) 2,805,534 (38,729) 2,766,805 (6,045) 2,760,760 Note: 1 The "Other" category is a business segment that is not included in the reporting segments and includes IT, fashion, a nd other businesses. 2. The adjustment amount of (6,045) thousand yen for segment profit or loss (loss) is the elimination of inter -segment transactions. 3 Segment profit or loss (loss) is adjusted for operating income in the interim consolidated statements of income. 2. Information on impairment losses or goodwill on fixed assets by reporting segment (Significant fluctuations in the amount of goodwill) In the CRES field, the business combination associated with the acquisition of shares in T&W Office Co., Ltd., by C&R EVERLASTING STORY Co., Ltd., a consolidated subsidiary of the Company, on March 31, 2025 was provisionally accounted for in the previous consolidated fiscal year, but was finalized in the first quarter consolidated accounting period. In accordance with the finalization of the provisional accounting treatment, the initial allocation of acquisition costs has been revised, and the provisionally calculated amount of goodwill of 560,842 thousand yen decreased by 264,737 thousand yen to 296, 105 thousand yen due to the finalization of the accounting treatment.