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. November 12, 2025 Consolidated Financial Results for the Six Months Ended September 30, 2025 (Under Japanese GAAP) Company name: MEDIKIT CO., LTD. Listing: Tokyo Stock Exchange Securities code: 7749 URL: http://www.medikit.co.jp/ Representative: Yoji Kageyama, President Inquiries: Takashi Nakajima, Vice President Telephone: +81-3-3839-8870 Scheduled date to file semi-annual securities report: November 13, 2025 Scheduled date to commence dividend payments: December 17, 2025 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 September 30, 2025 (from April 1, 2025 to September 30, 2025) (1) Consolidated operating results (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 % September 30, 2025 11,921 5.6 2,242 1.0 2,333 2.4 1,350 5.6 September 30, 2024 11,285 4.1 2,220 (2.5) 2,279 (5.1) 1,278 (3.2) Note: Comprehensive income For the six months ended September 30, 2025: ¥1,210 million [(11.1)%] For the six months ended September 30, 2024: ¥1,362 million [(9.8)%] Basic earnings per share Diluted earnings per share Six months ended Yen Yen September 30, 2025 92.40 - September 30, 2024 86.40 - Reference: Operating profit before amortization of goodwill For the six months ended September 30, 2025 ¥2,351 million [1.0%] For the six months ended September 30, 2024 ¥2,329 million [ (2.9)% ] (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % September 30, 2025 52,475 45,740 87.2 March 31, 2025 52,470 45,156 86.1 Reference: Equity As of September 30, 2025: ¥45,740 million As of March 31, 2025: ¥45,156 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 March 31, 2025 - 45.00 - 45.00 90.00 Fiscal year ending March 31, 2026 - 50.00 Fiscal year ending March 31, 2026 (Forecast) 50.00 100.00 Note: Revisions to the forecast of cash dividends most recently announced: None
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3. Forecast of consolidated financial results for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026) (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 March 31, 2026 24,000 6.4 4,500 0.3 4,592 (1.4) 2,924 (3.0) 199.96 Note: Revisions to the earnings forecasts most recently announced: None Reference: Operating profit before amortization of goodwill Full year ¥4,718 million (0.3%)
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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 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 September 30, 2025 15,880,000 shares As of March 31, 2025 15,880,000 shares (ii) Number of treasury shares at the end of the period As of September 30, 2025 1,251,913 shares As of March 31, 2025 1,264,393 shares (iii) Average number of shares outstanding during the period(cumulative from the beginning of the fiscal year) Six months ended September 30, 2025 14,620,961 shares Six months ended September 30, 2024 14,801,421 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 (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. For the conditions on which earnings forecasts are predicated and precautions for the use of earnings forecasts, please refer to Appendix P .3 "1. Summary of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."
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Semi-annual consolidated balance sheet (Thousands of yen) As of March 31, 2025 As of September 30, 2025 Assets Current assets Cash and deposits 21,559,317 21,120,558 Electronically recorded monetary claims - operating 73,121 74,836 Accounts receivable - trade 4,987,042 5,196,336 Money held in trust 1,500,000 1,500,000 Merchandise and finished goods 1,451,934 1,671,109 Work in process 1,706,436 1,826,206 Raw materials and supplies 1,408,999 1,445,393 Other 558,367 232,275 Allowance for doubtful accounts (1,550) (1,617) Total current assets 33,243,669 33,065,098 Non-current assets Property, plant and equipment Buildings and structures, net 6,058,603 5,920,507 Machinery, equipment and vehicles, net 3,281,514 3,781,697 Tools, furniture and fixtures, net 1,558,698 1,582,591 Land 2,397,962 2,390,461 Leased assets, net - 9,412 Construction in progress 1,151,161 935,186 Total property, plant and equipment 14,447,940 14,619,857 Intangible assets Goodwill 2,120,211 2,011,483 Other 1,162,845 1,106,179 Total intangible assets 3,283,057 3,117,662 Investments and other assets Investment securities 778,786 943,409 Retirement benefit asset 297,726 303,721 Deferred tax assets 259,646 265,913 Other 160,735 160,338 Allowance for doubtful accounts (750) (750) Total investments and other assets 1,496,145 1,672,633 Total non-current assets 19,227,143 19,410,153 Total assets 52,470,812 52,475,251
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(Thousands of yen) As of March 31, 2025 As of September 30, 2025 Liabilities Current liabilities Notes and accounts payable - trade 3,469,022 3,164,997 Lease liabilities - 1,445 Income taxes payable 866,938 1,122,821 Provision for bonuses 423,043 420,759 Other 1,400,495 871,763 Total current liabilities 6,159,498 5,581,786 Non-current liabilities Lease liabilities - 7,967 Asset retirement obligations 25,260 22,644 Deferred tax liabilities 340,392 323,465 Other 789,639 798,762 Total non-current liabilities 1,155,292 1,152,840 Total liabilities 7,314,791 6,734,626 Net assets Shareholders' equity Share capital 1,241,250 1,241,250 Capital surplus 8,378,585 8,385,024 Retained earnings 37,340,916 38,034,159 Treasury shares (2,545,002) (2,519,897) Total shareholders' equity 44,415,748 45,140,536 Accumulated other comprehensive income Valuation difference on available-for-sale securities 196,661 271,860 Foreign currency translation adjustment 462,685 287,764 Remeasurements of defined benefit plans 80,925 40,462 Total accumulated other comprehensive income 740,272 600,088 Total net assets 45,156,021 45,740,625 Total liabilities and net assets 52,470,812 52,475,251
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Semi-annual consolidated statement of income (Thousands of yen) Six months ended September 30, 2024 Six months ended September 30, 2025 Net sales 11,285,060 11,921,914 Cost of sales 6,988,932 7,341,833 Gross profit 4,296,128 4,580,080 Selling, general and administrative expenses 2,075,321 2,337,132 Operating profit 2,220,807 2,242,948 Non-operating income Interest income 3,033 21,815 Dividend income 9,047 8,840 Foreign exchange gains 2,009 5,626 Gain on investments in investment partnerships - 169 Rental income from land and buildings 17,829 17,456 Electricity sale income 13,530 14,094 Other 24,115 31,486 Total non-operating income 69,567 99,489 Non-operating expenses Interest expenses 3,778 3,820 Loss on investments in investment partnerships 629 - Depreciation 679 638 Electricity sale expenses 5,707 3,746 Other 429 390 Total non-operating expenses 11,225 8,595 Ordinary profit 2,279,148 2,333,841 Extraordinary income Gain on sale of non-current assets 1,080 26,153 Total extraordinary income 1,080 26,153 Extraordinary losses Impairment losses 55 - Loss on retirement of non-current assets 23 224 Total extraordinary losses 78 224 Profit before income taxes 2,280,151 2,359,770 Income taxes - current 967,765 1,049,891 Income taxes - deferred 33,560 (41,065) Total income taxes 1,001,326 1,008,825 Profit 1,278,825 1,350,945 Profit attributable to owners of parent 1,278,825 1,350,945
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Semi-annual consolidated statement of comprehensive income (Thousands of yen) Six months ended September 30, 2024 Six months ended September 30, 2025 Profit 1,278,825 1,350,945 Other comprehensive income Valuation difference on available-for-sale securities (34,288) 75,198 Foreign currency translation adjustment 200,157 (174,920) Remeasurements of defined benefit plans, net of tax (82,163) (40,462) Total other comprehensive income 83,705 (140,184) Comprehensive income 1,362,530 1,210,761 Comprehensive income attributable to Comprehensive income attributable to owners of parent 1,362,530 1,210,761 Comprehensive income attributable to non-controlling interests - -
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Semi-annual consolidated statement of cash flows (Thousands of yen) Six months ended September 30, 2024 Six months ended September 30, 2025 Cash flows from operating activities Profit before income taxes 2,280,151 2,359,770 Depreciation 664,143 854,939 Increase (decrease) in allowance for doubtful accounts (5) 67 Increase (decrease) in provision for bonuses 11,154 (2,284) Increase (decrease) in net defined benefit asset and liability (128,695) (68,281) Interest and dividend income (12,081) (30,655) Interest expenses 3,778 3,820 Amortization of goodwill 108,728 108,728 Loss (gain) on investments in investment partnerships 629 (169) Loss (gain) on sale and retirement of non-current assets (1,057) (25,929) Impairment losses 55 - Decrease (increase) in trade receivables 299,387 (209,909) Decrease (increase) in inventories 29,635 (374,614) Increase (decrease) in trade payables (144,665) 65,526 Other, net (848,910) 563,816 Subtotal 2,262,250 3,244,826 Interest and dividends received 11,488 29,999 Interest paid (7,465) (6,951) Income taxes paid (857,416) (795,717) Net cash provided by (used in) operating activities 1,408,858 2,472,157 Cash flows from investing activities Payments into time deposits (6,000,000) (5,300,000) Proceeds from withdrawal of time deposits 6,000,000 6,000,000 Purchase of property, plant and equipment (1,654,197) (2,086,909) Proceeds from sale of property, plant and equipment 1,080 34,335 Purchase of intangible assets (6,215) (18,099) Purchase of investment securities (500) (50,000) Proceeds from distributions from investment partnerships 610 833 Proceeds from collection of long-term loans receivable - 75 Payments of guarantee deposits (1,977) (180) Proceeds from refund of guarantee deposits 1,010 926 Net cash provided by (used in) investing activities (1,660,188) (1,419,018) Cash flows from financing activities Purchase of treasury shares - (55) Dividends paid (681,569) (676,734) Repayments of lease liabilities - (1,445) Net cash provided by (used in) financing activities (681,569) (678,234) Effect of exchange rate change on cash and cash equivalents 97,119 (113,663) Net increase (decrease) in cash and cash equivalents (835,780) 261,240 Cash and cash equivalents at beginning of period 19,111,087 17,059,317 Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation 67,619 - Cash and cash equivalents at end of period 18,342,926 17,320,558