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. July 31, 2026 CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll RRRRReeeeesssssuuuuullllltttttsssss fffffooooorrrrr ttttthhhhheeeee TTTTThhhhhrrrrreeeeeeeeee MMMMMooooonnnnnttttthhhhhsssss EEEEEnnnnndddddeeeeeddddd JJJJJuuuuunnnnneeeee 3333300000,,,,, 22222000002222266666 (((((UUUUUnnnnndddddeeeeerrrrr JJJJJaaaaapppppaaaaannnnneeeeessssseeeee GGGGGAAAAAAAAAAPPPPP))))) Company name: Makino Milling Machine Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 6135 URL: https://www.makino.co.jp/ Representative: Shotaro Miyazaki President, Director Inquiries: Toshiyuki Nagano Executive Vice President, Director Executive Manager of Corporate Service Division Telephone: +81-46-284-1439 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes(for investment analysts and institutional investors) (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.) 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 % June 30, 2026 69,770 25.9 7,590 137.1 8,175 121.9 5,661 353.7 June 30, 2025 55,397 6.8 3,201 8.2 3,684 (3.5) 1,247 (61.4) Note: Comprehensive income For the three months ended June 30, 2026: ¥ 13,502 million [ -%] For the three months ended June 30, 2025: ¥ (279) million [ -%] Basic earnings per share Diluted earnings per share Three months ended Yen Yen June 30, 2026 242.02 - June 30, 2025 53.35 - (((((22222))))) CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll pppppooooosssssiiiiitttttiiiiiooooonnnnn Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % June 30, 2026 440,698 268,584 60.9 March 31, 2026 423,026 261,429 61.7 Reference: Equity As of June 30, 2026: ¥ 268,245 million As of March 31, 2026: ¥ 261,056 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 - 0.00 - 270.00 270.00March 31, 2026 Fiscal year ending -March 31, 2027 Fiscal year ending March 31, 2027 (Forecast) 160.00 - 36.00 - Notes : Revisions to the forecast of cash dividends most recently announced: Yes The Company plans to implement a 5-for-1 stock split, effective October 1, 2026. The dividend for the fiscal year ended March 31, 2026 and the second-quarter-end dividend for the fiscal year ending March 31, 2027 are presented on a pre-stock-split basis. The forecast year-end dividend per share for the fiscal year ending March 31, 2027 reflects the effect of the stock split. Without giving effect to the stock split, the forecast year-end dividend per share for the fiscal year ending March 31, 2027 would be 180 yen, and the annual dividend per share would be 340 yen. 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.) 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 Six months ending September 30, 2026 131,500 10.1 11,000 15.8 11,500 9.2 9,100 34.6 389.03 Full year 276,000 5.7 27,600 10.2 28,400 4.0 22,100 5.3 188.96 Notes : Revisions to the financial result forecast most recently announced: None Basic earnings per share in the full-year consolidated financial results forecast for the fiscal year ending March 31, 2027 reflects the effect of the stock split. Without giving effect to the stock split, basic earnings per share would be 944.78 yen.
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***** NNNNNooooottttteeeeesssss (1) Significant changes in the scope of consolidation during the period: None Newly included: - companies( ) Excluded: - companies( ) (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes (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 24,893,841 shares As of March 31, 2026 24,893,841 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 1,502,211 shares As of March 31, 2026 1,502,184 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 23,391,649 shares Three months ended June 30, 2025 23,388,348 shares * 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 The financial projections and other predictive statements presented here rely on information that the Company currently has and on certain assumptions that it considers reasonable. These statements are not meant to guarantee that the Company will meet these expectations. Actual outcomes may vary considerably from these forecasts due to various factors.
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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 75,137 72,431 Notes and accounts receivable - trade, and contract assets 60,934 63,370 Securities 39 41 Merchandise and finished goods 37,317 38,653 Work in process 20,622 23,712 Raw materials and supplies 51,068 53,703 Other 15,406 14,025 Allowance for doubtful accounts (1,298) (1,385) Total current assets 259,229 264,554 Non-current assets Property, plant and equipment Buildings and structures, net 42,500 66,107 Machinery, equipment and vehicles, net 10,489 12,775 Tools, furniture and fixtures, net 4,425 4,581 Land 20,257 20,488 Leased assets, net 8,720 8,656 Construction in progress 24,410 2,217 Total property, plant and equipment 110,804 114,826 Intangible assets Other 3,569 3,580 Total intangible assets 3,569 3,580 Investments and other assets Investment securities 30,549 38,779 Long-term loans receivable 429 422 Deferred tax assets 6,696 6,807 Retirement benefit asset 7,948 7,729 Other 3,851 4,049 Allowance for doubtful accounts (51) (51) Total investments and other assets 49,422 57,737 Total non-current assets 163,796 176,144 Total assets 423,026 440,698
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 22,448 25,344 Electronically recorded obligations - operating 15,861 17,091 Short-term borrowings 16,759 17,077 Current portion of bonds payable 10,000 10,000 Current portion of long-term borrowings 9,000 9,000 Lease liabilities 1,469 1,426 Income taxes payable 3,339 4,215 Other 51,722 54,655 Total current liabilities 130,601 138,811 Non-current liabilities Bonds payable 5,000 5,000 Long-term borrowings 7,000 7,000 Lease liabilities 4,130 4,037 Deferred tax liabilities 11,462 13,950 Provision for retirement benefits for directors (and other officers) 173 177 Retirement benefit liability 843 711 Other 2,384 2,426 Total non-current liabilities 30,995 33,301 Total liabilities 161,596 172,113 Net assets Shareholders' equity Share capital 21,142 21,142 Capital surplus 37,140 37,147 Retained earnings 156,414 155,759 Treasury shares (7,163) (7,163) Total shareholders' equity 207,534 206,886 Accumulated other comprehensive income Valuation difference on available-for-sale securities 17,815 23,494 Foreign currency translation adjustment 31,272 33,643 Remeasurements of defined benefit plans 4,434 4,221 Total accumulated other comprehensive income 53,521 61,358 Non-controlling interests 372 339 Total net assets 261,429 268,584 Total liabilities and net assets 423,026 440,698
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Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statement of Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Net sales 55,397 69,770 Cost of sales 39,514 46,300 Gross profit 15,883 23,470 Selling, general and administrative expenses 12,682 15,879 Operating profit 3,201 7,590 Non-operating income Interest and dividend income 439 456 Foreign exchange gains - 9 Subsidy income 228 118 Other 321 225 Total non-operating income 989 809 Non-operating expenses Interest expenses 128 176 Foreign exchange losses 366 - Other 10 49 Total non-operating expenses 505 225 Ordinary profit 3,684 8,175 Extraordinary income Gain on sale of non-current assets 34 118 Gain on sale of investment securities 17 680 Total extraordinary income 52 798 Extraordinary losses Loss on retirement of non-current assets 17 15 Tender offer related expenses 1,043 - Total extraordinary losses 1,060 15 Profit before income taxes 2,676 8,958 Income taxes 1,425 3,295 Profit 1,250 5,662 Profit attributable to non-controlling interests 2 1 Profit attributable to owners of parent 1,247 5,661
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Quarterly Consolidated Statement of Comprehensive Income For the Three-Month Period (Millions of yen) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Profit 1,250 5,662 Other comprehensive income Valuation difference on available-for-sale securities (240) 5,681 Foreign currency translation adjustment (1,232) 2,370 Remeasurements of defined benefit plans, net of tax (56) (212) Total other comprehensive income (1,529) 7,839 Comprehensive income (279) 13,502 Comprehensive income attributable to Comprehensive income attributable to owners of parent (282) 13,498 Comprehensive income attributable to non-controlling interests 3 3