Interim report
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Company name: TOKAI RIKA CO., LTD Listing: Tokyo Stock Exchange and Nagoya Stock Exchange Securities code: 6995 URL: http://www.tokai-rika.co.jp Representative: Hiroyoshi Ninoyu Inquiries: Hiroaki Shimizu, General Manager of Finance and Accounting Division Telephone: +81-587-95-5211 Scheduled date to file semi-annual securities report: Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: Holding of quarterly financial results briefing: 1. Consolidated financial results for the six months ended September 30, 2025, (from April 1, 2025 to September 30, 2025) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % September 30, 2025 314,823 3.6 20,085 8.3 23,920 64.7 18,505 73.6 September 30, 2024 303,972 (1.1) 18,541 (8.4) 14,523 (47.6) 10,658 (47.3) Note: Comprehensive income For the Six Months Ended September 30, 2025 : 21,961 million ［-%］ For the Six Months Ended September 30, 2024 : -1,369 million ［-%］ Six months ended Yen Yen September 30, 2025 217.48 - September 30, 2024 126.00 - (2) Consolidated financial position As of Millions of yen Millions of yen % September 30, 2025 527,900 354,487 63.0 March 31, 2025 510,942 337,877 61.9 Reference: Equity As of September 30, 2025 ¥332,735 million As of March 31, 2025 ¥316,076 million Equity ratioTotal assets Net assets Basic earnings Diluted earnings per share per share Net sales Operating profit Ordinary profit Profit attributable to owners of parent 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. October 30, 2025 Consolidated Financial Results for the six months ended September 30, 2025 (Under Japanese GAAP) October 30, 2025 November 26, 2025 Yes None (Yen amounts are rounded down to millions, unless otherwise noted.)
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2. Cash dividends Fiscal year ended Yen March 31, 2025 95.00 March 31, 2026 March 31, 2026 (Forecast) 105.00 3. Consolidated earnings forecast for the fiscal year ending March 31,2026(from April 1, 2025 to March 31, 2026) Basic earnings per shares Millions of yen % Millions of yen % Millions of yen % Millions of yen % Millions of yen Full year 620,000 0.4 29,000 (18.2) 34,000 (1.4) 26,000 (6.5) 305.52 * Notes (1) Significant changes in the scope of consolidation during the period: None (2) Application of special accounting methods in preparation for quarterly consolidated financial statements: Yes Note: For details, please refer to (3) Notes to Semi-annual Consolidated Financial Statements [Note to special accounting methods in preparation for quarterly consolidated financial statements] on P.7 of the attachment. (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) 89,234,171 shares 94,234,171 shares (ii)Number of treasury shares at the end of the period 4,125,427 shares 9,195,446 shares (iii)Average number of shares outstanding during the period For the Six Months Ended September 30, 2024 85,092,240 shares For the Six Months Ended September 30, 2023 84,590,075 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 above forward-looking statements are prepared based on judgment and assumption from information currently available to the Company. These statements do not purport that the Company pledges to realize such statements. Actual business results may differ from the forecast figures due to various factors such as uncertainties of the information, future economic conditions, stock prices and exchange rates trends. Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Notes: Revisions to the forecast of cash dividends most recently announced: None (Percentages indicate the changes of the same period of the previous year.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Notes: Revisions to the forecast of financial result most recently announced: Yes As of September 30, 2025 As of March 31, 2025 As of September 30, 2025 As of March 31, 2025 50.00 50.00- - - 45.00 55.00 -
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１．Financial Results and Position................................................................................................................................................... P.2 （１） Consolidated Financial Results for FY2026 First Half................................................................................................................................................................................... P.2 （２） Consolidated Financial Position for FY2026 First Half................................................................................................................................................................................... P.2 （３） Explanation for Forecast of Consolidated Financial Results................................................................................................................................................................................... P.2 ２．Semi-annual consolidated financial statements and main notes.......................................................................................................... P.3 （１） Semi-annual Consolidated Balance Sheet................................................................................................................................................................................... P.3 （２） Semi-annual Consolidated Statement of Income and Semi-annual Consolidated Statement of Comprehensive Income................................................................................................................................................................................... P.5 （３）Notes to the summary of the quarterly consolidated financial statements..........................................................................................................（３） Notes to Semi-annual Consolidated Financial Statements................................................................................................................................................................................... P.7 Note to special accounting methods in preparation for quarterly consolidated financial statements................................................................................................................................................................................... P.7 Notes on Segment Information, etc................................................................................................................................................................................... P.8 Note in case of Significant Fluctuations in the Amount of Shareholders' Equity................................................................................................................................................................................... P.9 Note on Assumption of Going Concern................................................................................................................................................................................... P.9 TABLE OF CONTENTS
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１．Financial Results and Position （１）Consolidated Financial Results for FY2026 First Half Results by segment were as follows. (Japan) (North Americas) (Asia) (Others) （２）Consolidated Financial Position for FY2026 First Half （３）Explanation for Forecast of Consolidated Financial Results For the six months ended September 30, 2025, consolidated net sales increased by 10,851 million yen or 3.6%, year on year, to 314,823 million yen. Consolidated operating income increased by 1,544 million yen or 8.3%, year on year, to 20,085 million yen. Consolidated ordinary income increased by 9,397 million yen or 64.7%, year on year, to 23,920 million yen. Profit attributable to owners of parent company shareholders increased by 7,847 million yen or 73.6%, year on year, to 18,505 million yen. Equity at the end of the second quarter in consolidated accounts were 354,487 million yen, an increase by 16,610 million yen from the end of previous year. We have revised our consolidated financial results forcasts for the fiscal year ending March 31, 2026, which was announced on Aplil 24, 2025. For more information, please see 'Notice Concerning Revisions to Full-Year Financial Results Forecast' released today. Net sales increased by 8,653 million yen or 5.8% year on year, to 157,981 million yen due to an increase in client production volume. Operating income increased by 698 million yen or 122.0% year on year, to 1,270 million yen due to an increase in sales and . Net sales increased by 4,543 million yen or 5.5% year on year, to 87,148 million yen due to an increase in client production volume. Operating income increased by 894 million yen or 22.2% year on year, to 4,921 million yen due to an increase in sales and . Net sales increased by 1,383 million yen or 1.5% year on year, to 96,060 million yen due to an increase in client production volume. Operating income increased by 619 million yen or 5.4% year on year, to 12,155 million yen. Net sales decreased by 1,461 million yen or 5.8% year on year, to 23,687 million yen. Operating income increased by 66 million yen or 3.5% year on year, to 1,947 million yen. Assets at the end of the second quarter in consolidated accounts were 527,900 million yen, an increase by 16,958 million yen from the end of previous year due to an increase in marketable securities. Liabilities at the end of the second quarter in consolidated accounts were 173,413 million yen, an increase by 349 million yen from the end of previous year. －4－
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３．Financial Results and Position （１）Semi-annual Consolidated Balance Sheet Millions of Yen As of As of Increase ASSETS March 31, 2025 September 30, 2025 (Decrease) CURRENT ASSETS: Cash and deposits 75,074 79,931 4,857 Notes and accounts receivable 81,774 83,542 1,768 Electronically recorded monetary claims-operating 11,823 11,954 131 Marketable securities 23,198 35,214 12,016 Finished goods 26,131 27,155 1,024 Work-in-process 41,502 42,316 814 Raw materials and supplies 9,675 9,754 79 Other current assets 16,387 15,325 (1,062) Less: Allowance for doubtful accounts (43) (49) (6) Total current assets 285,523 305,145 19,622 NON-CURRENT ASSETS: Buildings and structures 44,280 46,116 1,836 Machinery and vehicle 35,807 43,141 7,334 Others 43,504 40,806 (2,698) Total tangible non-current assets 123,591 130,064 6,473 Intangible non-current assets Others 4,445 4,648 203 Total intangible non-current assets 4,445 4,648 203 Investments and other assets: Investments securities 32,579 22,678 (9,901) Net defined benefit asset 50,099 50,777 678 Others 14,782 14,666 (116) Less: Allowance for doubtful accounts (79) (79) 0 Total investments and other assets 97,382 88,042 (9,340) Total noncurrent assets 225,419 222,754 (2,665) TOTAL 510,942 527,900 16,958 －5－
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Millions of Yen As of As of Increase LIABILITIES AND EQUITY March 31, 2025 September 30, 2025 (Decrease) CURRENT LIABILITIES： Notes and accounts payable 51,306 54,452 3,146 Electronically recorded obligations-operating 9,605 9,211 (394) Income taxes payable 2,547 4,017 1,470 Provision for bonuses to employees 11,373 9,532 (1,841) Provision for product warranty 12,244 12,079 (165) Other provisions 1,227 1,140 (87) Others 42,872 40,552 (2,320) Total current liabilities 131,179 130,985 (194) NONCURRENT LIABILITIES: Bonds payable 10,000 10,000 - Provision for retirement benefits for directors (and other officers) 270 260 (10) Defined benefit liability 20,055 20,181 126 Long-term asset retirement obligations 72 72 - Others 11,487 11,913 426 Total noncurrent liabilities 41,885 42,427 542 Total liabilities 173,064 173,413 349 SHAREHOLDERS' EQUITY: Capital stock 22,856 22,856 - Capital surplus 25,637 15,308 (10,329) Retained earnings 241,060 255,296 14,236 Treasury stock (19,001) (8,519) 10,482 Total shareholders' equity 270,552 284,941 14,389 ACCUMULATED OTHER COMPREHENSIVE INCOME Net unrealized gain on available-for-sale securities 5,068 4,788 (280) Foreign currency translation adjustments 23,303 26,794 3,491 Remeasurements of defined benefit plans 17,151 16,209 (942) Total accumulated other comprehensive income 45,523 47,793 2,270 NON-CONTROLLING INTERESTS 21,801 21,751 (50) Total equity 337,877 354,487 16,610 TOTAL 510,942 527,900 16,958 －6－
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（２）Semi-annual Consolidated Statement of Income and Semi-annual Consolidated Statement of Comprehensive Income (Consolidated Statement of Income) Millions of Yen Six months Ended Six months Ended Increase September 30, 2024 September 30, 2025 (Decrease) NET SALES 303,972 314,823 10,851 COST OF SALES 259,849 268,212 8,363 Gross profit 44,123 46,611 2,488 SELLING，GENERAL AND ADMINISTRATIVE EXPENSES 25,581 26,525 944 Operating income 18,541 20,085 1,544 NON-OPERATING INCOME Interest income 675 656 (19) Dividend income 318 210 (108) Share of profit of entities accounted for using equity method 357 400 43 Foreign exchange gain - 1,566 1,566 Other 485 1,526 1,041 Total non-operating income 1,836 4,362 2,526 NON-OPERATING EXPENSES Interest expenses 21 33 12 Foreign exchange loss 5,375 - (5,375) Loss on sales and retirement of non-current assets - 430 430 Other 457 62 (395) Total non-operating expenses 5,854 526 (5,328) Ordinary income 14,523 23,920 9,397 EXTRAORDINARY INCOME Gain on sales of non-current assets 781 - (781) Gain on sales of investment securities 2,336 2,566 230 Total extraordinary income 3,118 2,566 (552) EXTRAORDINARY LOSS Impairment loss 302 82 (220) Total extraordinary loss 302 82 (220) INCOME BEFORE INCOME TAXES 17,338 26,405 9,067 INCOME TAXES 5,912 6,926 1,014 PROFIT 11,426 19,478 8,052 PROFIT ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 768 973 205 PROFIT ATTRIBUTABLE TO OWNERS OF PARENT 10,658 18,505 7,847 －7－
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(Consolidated Statement of Comprehensive Income) Millions of Yen Six months Ended Six months Ended Increase September 30, 2024 September 30, 2025 (Decrease) PROFIT 11,426 19,478 8,052 OTHER COMPREHENSIVE INCOME Net unrealized gain on available-for-sale securities (6,672) (177) 6,495 Foreign currency translation adjustments (4,692) 3,724 8,416 Remeasurements of defined benefit plans (1,235) (945) 290 Share of other comprehensive income of entities (195) (119) 76 Total other comprehensive income (12,796) 2,482 15,278 COMPREHENSIVE INCOME (1,369) 21,961 23,330 (Breakdown) Comprehensive income attributable to owners of parent (1,801) 20,775 22,576 attributable to non-controlling interests 431 1,186 755 －8－
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（３）Notes to Semi-annual Consolidated Financial Statements (Note to special accounting methods in preparation for quarterly consolidated financial statements) Regarding tax expenses, we reasonably estimate the effective tax rate after applying tax effect accounting to the income before tax for the current period, including the third quarter consolidated accounting period of the consolidated accounting year, and calculate it by multiplying the estimated effective tax rate by the income before tax for the quarter. However, if calculating tax expenses using the estimated effective tax rate results in a significantly unreasonable outcome, we use the statutory effective tax rate. Additionally, the adjustment amount for corporate taxes is included in the corporate tax figures. －9－
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(Notes on Segment Information, etc) 【Segment information】 Ⅰ FY2025（April 1, 2024-September 30, 2024） Information on net sales and profit or loss amounts by reporting segment （Millions of yen） Japan North Americas Asia Total 119,061 82,455 77,557 279,074 24,897 303,972 - 303,972 30,267 149 17,119 47,536 250 47,786 △47,786 - 149,328 82,605 94,677 326,610 25,148 351,759 △47,786 303,972 572 4,027 11,536 16,137 1,881 18,018 523 18,541 (Note) *１ *２ “Adjustments” of segment profit(loss) is the elimination of intersegment transactions. *３ Segment profit is adjusted with the operating profit from the quarterly consolidated income statement. Ⅱ FY2026（April 1, 2025-September 30, 2025） Information on revenue and profit or loss amounts by reporting segment Japan North Americas Asia Total 125,909 87,058 78,465 291,434 23,389 314,823 - 314,823 32,071 89 17,594 49,755 298 50,054 △50,054 - 157,981 87,148 96,060 341,190 23,687 364,877 △50,054 314,823 1,270 4,921 12,155 18,347 1,947 20,294 △209 20,085 (Note) *１ *２ “Adjustments” of segment profit(loss) is the elimination of intersegment transactions. *３ Segment profit is adjusted with the operating profit from the quarterly consolidated income statement. Consolidated *３ Reporting Segment Others *１ Total Adjustments *２ Consolidated *３ Net Sales Customers Intersegment Adjustments *２ Segment profit(loss) “Others” include segments that are not part of the reporting segments and encompasses the business activities of local subsidiaries in Europe and South Americas. “Others” include segments that are not part of the reporting segments and encompasses the business activities of local subsidiaries in Europe and South Americas. Net Sales Customers Intersegment Total Total Segment profit(loss) Reporting Segment Others *１ Total －10－
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(Note in case of Significant Fluctuations in the Amount of Shareholders' Equity) At the Board of Directors meeting held on April 24, 2025, the Company cancelled 5,000,000 shares of treasury stock on May 30, 2025, pursuant to Article 178 of the Companies Act. As a result of this cancellation, capital surplus and treasury stock decreased by 10,339 million yen each during the current interim consolidated accounting period. As a result, capital surplus amounted to 15,308 million yen and treasury stock amounted to 8,519 million yen, respectively, at the end of the current interim consolidated accounting period. (Note on Assumption of Going Concern) There are no applicable items. －11－