Slides
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Daiseki Co.,Ltd.
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Contents 1 1．Consolidated Financial Results for the First Quarter 2 2．Group Companies Financial Results for the First Quarter 102.1 Daiseki (Parent) 112.2 Daiseki Eco.Solution (Consolidated) 182.3 Daiseki MCR 222.4 System Kikou 253．Daiseki Group Corporate Profile 27 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.Forward-Looking Statements : This document contains forward-looking statements, business plan projections andjudgments based on information available to management at the time of writing. Due to the existence of a variety ofrisk factors and uncertainties, these statements and projections may differ from actual results.
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FY Feb 2026FY Feb 2026FYFeb 2025 1QResultsProgress RateFull YearForecastvs.ForecastYoY1QActual1QForecast1Q Actual 25.5％70,0000.0％7.2％17,91217,90016,703Net sales 24.8％24,000（34.2％）-3.7％1.7％5,964（33.3％）6,200（34.6％）5,862（35.0％）Gross profit(ratio to Net sales) 24.3％15,700（22.4％）-6.5％-1.9％3,830（21.3％）4,100（22.9％）3,906（23.3％）Operating profit(ratio to Net sales) 24.7％15,800（22.5％）-4.4％-7.2％3,916（21.8％）4,100（22.9％）4,220（25.2％）Ordinary profit(ratio to Net sales) 24.6％9,900（14.1％）-2.3％-9.1％2,441（13.6％）2,500（13.9％）2,687（16.0％）Profit attributable toowners of parent (ratio to Net sales) 75USD63.9USD75USD81.3USDWTI crude oil price（USD/barrel） 151JPY146.0JPY151JPY153.1JPYExchange rate（USD/JPY) 2,068USD1,967USD2,068USD2,136USDLME lead price（USD/ton) 1.1 Consolidated Financial Results （Millions of yen）Achieved record highs in net sales and gross profit for the first quarter 3
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1.2 Summary １．Group companies results①Daiseki（parent） achieved record highs in net sales, ordinary profit and net income although slightly short of the forecast, due to aggressivelyacquisition of wastewater as a raw material for recycled fuels (supplemental fuels), despite sluggish growth in the indices of industrial production.②Daiseki Eco.Solution exceeded the forecasts in both net sales and profits, partly due to the influence of large-scale projects won in the previous fiscal year.③Daiseki MCR achieved record high in net sales due to stable factory operations, while profits slightly fell short of the forecasts due to factors such as lead market prices and exchange rates.④System kikou’s net sales and profits fell short of the forecasts due to some construction projects scheduled for completion in 1Q were brought forward to the previous period and some were pushed back to 2Q.２．Consolidated results①Consolidated net sales achieved record high slightly exceeded the forecast, but consolidated profits fell short of the forecasts reflecting the performance of individual companies.３．ESG, Return to shareholders, etc.①Purchased 800,000 treasury shares for JPY2,947mn from April to May 2025.②In June 2025, Daiseki concluded a comprehensive partnership agreement with Shinshiro City and commenced demonstration tests for ammonia recovery from livestock farming, among other initiatives. （Approximately 370,000 tons of ammonia are emitted into the atmosphere annually in Japan, with about 60％ of that attributed to the livestock industry.） 4
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1.3 Results by Company FY Feb 2026FY Feb 2025 YoY％ to Consolidated1Q Actual％ to Consolidated1Q Actual 7.2％100.0％17,912100.0％16,703Consolidated Net sales 2.6％56.6％10,13959.1％9,877Daisekiby company 24.1％32.8％5,89128.4％4,747Daiseki Eco.Solution(consolidated) 5.2％1.5％2711.5％257Hokuriku Daiseki 11.8％6.5％1,1696.2％1,045Daiseki MCR -20.9％4.3％7735.8％978System Kikou --1.8％-334-1.2％-203Eliminations -1.9％100.0％3,830100.0％3,906Consolidated Operating profit -2.8％76.2％2,92277.0％3,007Daisekiby company 24.3％18.0％69014.2％555Daiseki Eco.Solution(consolidated) 11.1％0.8％300.7％27Hokuriku Daiseki -19.7％4.2％1645.2％204Daiseki MCR -68.5％0.9％383.1％121System Kikou --0.4％-15-0.2％-10Eliminations (Millions of yen) 5
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1.4 Quarterly Results 2,687 2,1932,4082,017 2,5002,5002,6002,3002,4411,500 2,500 3,500 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 4,220 3,4943,8483,265 4,1003,8004,2003,7003,9163,000 4,000 5,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 3,906 3,4213,7993,191 4,1003,8004,1003,7003,8303,000 4,000 5,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 16,70316,08817,240 17,27117,90017,70017,900 16,500 17,912 15,000 17,500 20,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual （2）Operating Profit（1）Net Sales （3）Ordinary Profit (Millions of yen）(Millions of yen） (Millions of yen）(Millions of yen）（4）Profit Attributable to Owners of Parent 6
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1.5 Quarterly YoY Change 10.5 -6.6 -7.9 -2.3 -6.9 13.9 7.9 14.0 -9.1 -30 0 30 1Q 2Q 3Q 4QFY Feb2025Actual vs. FY Feb2024ActualFY Feb2026Forecast vs. FY Feb2025ActualFY Feb2026Actual vs. FY Feb2025Actual 4.4 -9.8 -8.9 -1.3 -2.8 8.7 9.1 13.2 -7.2 -30 0 30 1Q 2Q 3Q 4QFY Feb2025Actual vs. FY Feb2024ActualFY Feb2026Forecast vs. FY Feb2025ActualFY Feb2026Actual vs. FY Feb2025Actual -0.7 -10.3 -9.3 11.1 4.9 11.0 7.9 15.9 -1.9 -30 0 30 1Q 2Q 3Q 4QFY Feb2025Actual vs. FY Feb2024ActualFY Feb2026Forecast vs. FY Feb2025ActualFY Feb2026Actual vs. FY Feb2025Actual -6.5 -10.0 -3.4 10.7 7.1 10.0 3.8 -4.4 7.2 -30 0 30 1Q 2Q 3Q 4QFY Feb2025Actual vs. FY Feb2024ActualFY Feb2026Forecast vs. FY Feb2025ActualFY Feb2026Actual vs. FY Feb2025Actual (％) (％) (％) (％) （2）Operating Profit（1）Net Sales （3）Ordinary Profit（4）Profit Attributable to Owners of Parent 7
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1.6 Quarterly Achievement Ratio 27.9 4.4 0.3 -3.9 -2.3 -15 0 15 30 1Q 2Q 3Q 4QFY Feb2025 Actual vs. Initial ForecastFY Feb2026 Actual vs. Forecast 24.1 2.7 1.2 -6.6 -4.4 -15 0 15 30 1Q 2Q 3Q 4QFY Feb2025 Actual vs. Initial ForecastFY Feb2026 Actual vs. Forecast 14.8 3.6 -0.0-8.8 -6.5 -15 0 15 30 1Q 2Q 3Q 4QFY Feb2025 Actual vs. Initial ForecastFY Feb2026 Actual vs. Forecast 1.2 -0.6 2.0 7.9 0.0 -15 0 15 30 1Q 2Q 3Q 4QFY Feb2025 Actual vs. Initial ForecastFY Feb2026 Actual vs. Forecast (％) (％) (％) (％) （2）Operating Profit（1）Net Sales （3）Ordinary Profit（4）Profit Attributable to Owners of Parent 8
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Dividend PolicyGradually raise the dividend payout ratio through gradual dividend increases, aiming for 40％Considering purchase of treasury shares approximately 12 billion yen over the three-year to the FY February 2027Aiming for achieve ROE of 12.0％ in the FY February 2027 and ROE of 15.0％ in the FY February 2031 1.7 Return to Shareholders 28 2830303336 2832 303639 36 36.7 36.5 34.4 34.1 37.2 34.9 25 30 35 40 45 0 20 40 60 80 FYFeb2021FYFeb2022FYFeb2023FYFeb2024FYFeb2025FYFeb2026Interim DividendYear-end DividendPayout Ratio （％）（Yen） （％） Stock split1.2 72 5660 606672 Include commemorative dividend¥2 （1）Dividends・Dividend Payout Ratio Forecast （2）Purchase of treasury shares （3）ROE(Consolidated） 9.0 11.1 11.3 12.0 11.2 5 10 15 FYFeb2021FYFeb2022FYFeb2023FYFeb2024FYFeb2025 FY February 2024JPY1,199mn300,000sharesApril25-July12,2023JPY1,212mn300,000sharesOctober3,2023FY February 2025JPY1,823mn500,000sharesApril5,2024 JPY900mn300,000sharesApril23-May2,2024FY February 2026JPY2,947mn800,000sharesApril9-May23,2025 9
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2.1 ①Daiseki（Parent） FY Feb 2026FY Feb 2026FYFeb 2025 1QResults Progress RateFull Year Forecastvs. ForecastYoY1Q Actual1Q Forecast1Q Actual 24.7％41,000-0.5％2.6％10,13910,2009,877Net sales 24.4％17,300（42.1％）-3.7％0.0％4,235（41.7％）4,400（43.1％）4,235（42.8％）Gross profit(ratio to Net sales) 24.5％11,900（29.0％）-2.5％-2.8％2,922（28.8％）3,000（29.4％）3,007（30.4％）Operating profit(ratio to Net sales) 28.8％12,700（30.9％）-1.0％8.5％3,662（36.1％）3,700（36.2％）3,374（34.1％）Ordinary profit(ratio to Net sales) 30.9％8,900（21.7％）-1.6％16.3％2,754（27.1％）2,800（27.4％）2,366（23.9％）Net income(ratio to Net sales) （Millions of yen） Daiseki（Parent) Summary①Net sales reached record high although slightly short of the forecast due to aggressively acquisition of wastewater as a raw material for recycled fuels (supplemental fuels), despite sluggish growth in the indices of industrial production.②Gross profit margin and operating profit margin were lower YoY due to fewer unexpected high-profit projects in March compared to the FY February2025.③Received a dividend of JPY600mn from System Kikou to efficiently utilize group company funds.④As a result of the above, ordinary profit and net income also reached record highs. Achieved record highs in net sales, gross profit, ordinary profit and net income for the first quarter 11
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②Quarterly Results 2,3661,8462,0871,645 2,800 2,0002,2001,9002,754 1,0002,0003,0004,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 3,3742,6752,9912,331 3,700 3,0003,2002,8003,662 2,0003,0004,0005,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 3,007 2,6132,8762,261 3,0003,0003,1002,8002,9222,0003,0004,0005,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 9,8779,4619,9429,201 10,20010,30010,40010,10010,139 9,00010,00011,00012,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual （2）Operating Profit（1）Net Sales （3）Ordinary Profit （4）Net Income (Millions of yen）(Millions of yen） (Millions of yen）(Millions of yen） 12
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③Quarterly YoY Change 22.0 -1.1 3.3 -6.4 18.3 8.2 5.4 15.4 16.3 -15 0 15 30 1Q 2Q 3Q 4QFY Feb2025Actual vs. FY Feb2024ActualFY Feb2026Forecast vs. FY Feb2025ActualFY Feb2026Actual vs. FY Feb2025Actual 21.8 -0.8 3.9 -2.1 9.6 12.1 6.9 20.0 8.5 -15 0 15 30 1Q 2Q 3Q 4QFY Feb2025Actual vs. FY Feb2024ActualFY Feb2026Forecast vs. FY Feb2025ActualFY Feb2026Actual vs. FY Feb2025Actual 12.3 -1.7 2.5 -2.6 -0.2 14.7 7.7 23.8 -2.8 -15 0 15 30 1Q 2Q 3Q 4QFY Feb2025Actual vs. FY Feb2024ActualFY Feb2026Forecast vs. FY Feb2025ActualFY Feb2026Actual vs. FY Feb2025Actual 6.9 3.5 3.4 0.3 3.2 8.8 4.6 9.7 2.6 -15 0 15 30 1Q 2Q 3Q 4QFY Feb2025Actual vs. FY Feb2024ActualFY Feb2026Forecast vs. FY Feb2025ActualFY Feb2026Actual vs. FY Feb2025Actual (％) (％) (％) (％) （2）Operating Profit（1）Net Sales （3）Ordinary Profit （4）Net Income 13
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④Quarterly Achievement Ratio 20.5 -4.4 3.1 -6.7 -1.0 -25 0 25 1Q 2Q 3Q 4QFY Feb2025 Actual vs. ForecastFY Feb2026 Actual vs. Forecast 22.0 -4.7 2.3 -10.0 -1.6 -25 0 25 1Q 2Q 3Q 4QFY Feb2025 Actual vs. ForecastFY Feb2026 Actual vs. Forecast 11.4 -6.6 2.7 -9.5 -2.5 -25 0 25 1Q 2Q 3Q 4QFY Feb2025 Actual vs. ForecastFY Feb2026 Actual vs. Forecast -0.2 -4.4 -1.5 -4.1 -0.5 -25 0 25 1Q 2Q 3Q 4QFY Feb2025 Actual vs. ForecastFY Feb2026 Actual vs. Forecast (％) (％) (％) (％) （2）Operating Profit（1）Net Sales （3）Ordinary Profit （4）Net Income 14
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3,181 3,0652,9883,0593,0233,0573,117 3,296 3,197 3,277 2,834 3,055 3,3663,328 3,1823,118 3,270 3,0733,257 3,387 3,297 3,388 2,8802,933 3,4423,4033,3553,4203,4873,3933,4353,5133,452 3,598 3,216 3,286 3,434 3,3603,343 2,700 2,900 3,100 3,300 3,500 3,700 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan FebFY Feb2024FY Feb2025FY Feb2026ForecastFY Feb2026 41.4 41.2 41.0 40.9 42.5 40.7 42.0 41.7 41.1 40.2 37.7 40.5 44.7 41.9 41.9 41.2 41.5 40.7 41.0 42.5 42.0 41.6 39.6 36.3 42.5 41.5 41.1 35 37 39 41 43 45 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan FebFY Feb2024FY Feb2025FY Feb2026 (％) ⑤Monthly Trends （1）Net Sales （2）Gross Profit Margin(Millions of yen) *Sales decreased in January and February because by seasonalfactors 15
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2,5302,4532,5142,3042,7152,6532,6982,5252,7372,7712,7592,6811,0781,0941,2091,1291,1561,0981,1731,0641,1581,1731,1971,1361,4391,3451,4291,3971,4341,3711,4251,2851,4521,5341,5541,5131,8901,8911,9452,0191,9051,8351,8521,9062,0292,0592,0082,0542,0142,0442,1801,9732,0431,8772,0481,8292,0802,0462,1231,992280311332343436405504396441449469437184219238192239268290287 0 2,500 5,000 7,500 10,000 12,500 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4QNagoyaHokurikuKansaiKyushuKantoChibaHiroshima ⑥Sales by Works （％） 26.3 27.5 27.0 12.1 11.6 11.4 15.1 14.3 14.3 20.8 19.4 20.0 22.1 20.2 20.5 3.4 4.5 4.3 2.1 2.3 0 25 50 75 100 FY Feb2024FY Feb2025FY Feb2026 9,802 10,594 2,737 4,512 4,493 1,158 5,612 5,517 1,452 7,746 7,500 2,029 8,212 7,798 2,080 1,267 1,743 441 835 239 0 15,000 30,000 45,000 FY Feb2024FY Feb2025FY Feb2026 37,15538,48310,139 9,8779,1409,6109,1689,235 9,4619,9429,20110,30010,40010,10010,139 （１）Quarterly （2）Total （3）Composition Ratio (Millions of yen） (Millions of yen） FY Feb 2024 FY Feb 2026FY Feb 2025 Forecast Forecast Forecast (started operationin March 2024) 1QFull Year Full Year 1QFull Year Full Year16
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5075100125150175 M-08S-08M-09S-09M-10S-10M-11S-11M-12S-12M-13S-13M-14S-14M-15S-15M-16S-16M-17S-17M-18S-18M-19S-19M-20S-20M-21S-21M-22S-22M-23S-23M-24S-24M-25-Indices of industrial production Declared the first state of emergency on April 7th,2020 ⑦【Track Record】Expand business by increasing market share Financial crisis （3）Number of Active Customer Accounts ✓Our continuously sales growth exceedsthe trend of indices of industrial production 【2008.3=100】 （2）Market Share 25.6％(as of February 28,2025) ✓Aiming for over 30％ market share, focus on developing new customers 6,201number of factories with transactions24,252number of manufacturing factories in Japan with at least 100 employees *the next update is scheduled for the end of August 2025 vs. February 28, 2024 ・Transactions number ＋270 factories 5,1355,3075,5585,5145,5735,5665,5385,4685,5595,703 1,9411,9192,0602,1262,2092,1422,2292,2632,2842,371 6,0136,2686,3526,4536,5376,4536,4756,3446,5616,701 2,665 2,746 2,852 2,980 3,049 2,981 3,011 3,100 3,108 3,215 66479562663467256858354874377302,0004,0006,0008,000 FY Feb2016FY Feb2017FY Feb2018FY Feb2019FY Feb2020FY Feb2021FY Feb2022FY Feb2023FY Feb2024FY Feb20251HSales over 1 million yen(included in 1H)FullYearSales over 1 million yen(included in full year)New(full year) （1）Indices of Industrial Production vs. Sales（Parent) -Monthly sales（except for soil contamination treatment sales） 17
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2.2 ①Daiseki Eco. Solution(Consolidated) Daiseki Eco. Solution Summary①Both net sales and profits exceeded the forecasts, partly due to the influence of large-scale projects won in the previous fiscal year.②Collaborative visits with Daiseki 313companies, 77quotations, collaborative sales JPY315mn③The consulting sales ratio rose to 42.6％ of sales, and Green Arrows Central, Green Arrows Kyushu and Sugimoto Trading Company also performed steadily, resulting operating profit increased 7.8％ compared to the forecast. FY Feb 2026FY Feb 2026FYFeb 2025 1QResultsProgressRateFull YearForecastvs.ForecastYoY1QActual1QForecast1QActual 28.0％21,0006.1％24.1％5,8915,5504,747Net sales 27.4％4,700（22.3％）1.5％16.2％1,289（21.8％）1,270（22.8％）1,109（23.3％）Gross profit(ratio to Net sales) 29.0％2,380（11.3％）7.8％24.3％690（11.7％）640（11.5％）555（11.6％）Operating profit(ratio to Net sales) 29.1％2,400（11.4％）9.3％26.5％699（11.8％）640（11.5％）553（11.6％）Ordinary profit(ratio to Net sales) 31.6％1,350（6.4％）22.1％41.2％427（7.2％）350（6.3％）302（6.3％）Profit attributable toowners of parent (ratio to Net sales) （Millions of yen） 18
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②Quarterly Results 302 293 343 294350 310 370 320427 0 400 800 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 553 522 604 576640 550 640 570 699 0 400 800 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 555 512 604 581640 540 640 560 690 0 400 800 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 4,7474,160 5,2685,7685,5505,1505,2305,070 5,891 3,000 5,000 7,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual （2）Operating Profit（1）Net Sales （3）Ordinary Profit (Millions of yen）(Millions of yen） (Millions of yen）(Millions of yen）（4）Profit Attributable to Owners of Parent 19
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③Sales by Division OtherGreen Arrows Kyushu Green Arrows CentralGifuWestern JapanTokyoNagoya（millions of yen） 1832084332119821,9222,698FY Feb 2024 Q1 7031813675778171,8722,472Q2 7351944314436541,9841,498Q3 6911824222436491,697686Q4 7441814422617461,639730FY Feb 2025 Q1 791177436908201,309534Q2 809195435968831,4351,413Q3 8211854021481,0981,8111,301Q4 8531984283911,4761,4521,089FY Feb 2026 Q1※Sugimoto trading company group is included in Others from 2Q of the FY ending February 2024. 20
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300314 243 178184154192213225 637684546020315463 0 100 200 300 400 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4QSoil contamination treatmentPurification treatment(included in soil contamination treatment) ⑥Soil Contamination Treatment Volume ※The above soil treatment volume includes the industrial waste treatment volume. FY Feb2024 FY Feb2025 FY Feb2026（Thousands of tons） 21
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FY Feb 2026FY Feb 2026FYFeb 2025 1QResults Progress RateFull Year Forecastvs. ForecastYoY1Q Actual1Q Forecast1Q Actual 25.9％4,5048.0％11.8％1,1691,0831,045Net sales 26.5％838（18.6％）-9.2％-13.6％222（18.9％）245（22.6％）257（24.6％）Gross profit(ratio to Net sales) 27.4％598（13.2％）-11.3％-19.7％164（14.0％）185（17.0％）204（19.5％）Operating profit(ratio to Net sales) 27.7％596（13.2％）-9.9％-19.5％165（14.1％）184 （16.9％）206（19.7％）Ordinary profit(ratio to Net sales) 27.3％380（8.4％）-9.6％-27.7％103（8.8％）115（10.6％）143（13.7％）Net income(ratio to Net sales) 2.3 ①Daiseki MCR Daiseki MCR Summary①Net sales reached record high due to stable factory operations led to smooth production, however profits slightly fell short of the forecasts due to the impact of lead market prices, exchange rates, and rising raw material costs.②Will not conduct the large-scale repairs in this fiscal year carried out in the previous fiscal year, and plan to conduct regular small-scale repairs in 2Q. （Millions of yen） 22
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204 47 130 172185 42 212 159164 0 150 300 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual ②Quarterly Results 143 33 87 104 115 27 133 1051030 150 300 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 206 50 133 177184 40 213 159165 0 150 300 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 1,0451,154 1,1961,219 1,0831,1541,1761,091 1,169 1,000 1,200 1,400 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual FY Feb 2026 regular repairs(3 weeks)FY Feb2025 large-scale repairs(approximately 1.5 months) （2）Operating Profit（1）Net Sales （3）Ordinary Profit （4）Net Income (Millions of yen）(Millions of yen） (Millions of yen）(Millions of yen） 23
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70100130160 01,5003,0004,500 13,432 13,998 14,905 14,531 11,398 12,396 11,861 10,994 9,050 9,844 9,980 12,719 12,945 13,329 13,008 14,251 11,801 16,849 17,022 15,912 14,950 13,425 12,682 12,345 11,728 8,946 10,190 10,174 12,635 13,705 12,441 12,772 12,503 13,307 8,00012,00016,00020,000 FY Feb 2009FY Feb 2010FY Feb 2011FY Feb 2012FY Feb 2013FY Feb 2014FY Feb 2015FY Feb 2016FY Feb 2017FY Feb 2018FY Feb 2019FY Feb 2020FY Feb 2021FY Feb 2022FY Feb 2023FY Feb 2024FY Feb 2025Production volumeSales volume (USD/ton) (USD/JPY)Oct2007 $3,980/ｔ Dec2008 $880/ｔ (ton) 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026_1Q Apr2025 $1,820/ｔ 24 Mar2025 $2,081/ｔ 1,572 3,020 1,802 1,907 2,206 2,321 2,103 2,104 2,043 1,768 1,965 2,368 2,151 1,976 1,849 2,249 2,125 2,125 2,047 1,967 117.8 114.4 100.6 93.4 86.4 78.9 82.0 99.5 108.4 120.7 108.3 111.3 110.4 109.0 105.9 111.5 134.1 143.2 152.5 146.0 （1）LME Lead Price & Exchange Rate （USD/JPY) ③LME Lead Price & Exchange Rate・Daiseki MCR Production & Sales Volume FYLME LeadPrice(USD/ton)Exchange Rate(USD/JPY)LME lead price (left axis)Exchange rate (right axis) (*)Assumptions FY Feb 2026plan LME lead price：2,068USD/ton, Exchange rate：1USD/151JPY （2）Daiseki MCR Production & Sales Volumeoperation at the old factory old & new new FYFeb2026_1Q3,794t3,388t
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2.4 ①System Kikou System Kikou Summary①Some of the construction projects scheduled for completion in 1Q were brought forward to the previous period and some were pushed back to 2Q, resulting both net sales and profits of 1Q fell short of the forecasts.②90％ of orders for the full-year target are anticipated at this point, and both net sales and profits are expected to make up for the delay from 2Q onwards.③Tank cleaning projects for general businesses companies in collaboration with Daiseki are expected to be acquired from 2Q onwards. FY Feb 2026FY Feb 2026FYFeb 2025 1QResults Progress RateFull Year Forecastvs. ForecastYoY1Q Actual1Q Forecast1Q Actual 16.6％4,650-35.4％-20.9％7731,199978Net sales 13.9％1,098（23.6％）-45.7％-23.4％153（19.8％）283（23.6％）200（20.5％）Gross profit(ratio to Net sales) 5.3％715（15.3％）-78.5％-68.5％38（4.9％）178（14.8％）121（12.4％）Operating profit(ratio to Net sales) 5.4％716（15.3％）-78.3％-68.2％38（4.9％）179（14.9％）121（12.4％）Ordinary profit(ratio to Net sales) 3.1％468（10.0％）-87.2％-80.4％14（1.9％）117（9.7％）76（7.7％）Net income(ratio to Net sales) （Millions of yen） 25
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②Quarterly Results 76 153 115 116117 146 145 60140100200300 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 121 234 178 182179 223 222 92380 100 200 300 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 121 235 177 172178 223 222 92380100200300 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual 978 1,282987 1,2231,1991,3391,330 7827735001,0001,5002,000 1Q 2Q 3Q 4QFY Feb2025 ActualFY Feb2026 ForecastFY Feb2026 Actual （2）Operating Profit（1）Net Sales （3）Ordinary Profit （4）Net Income (Millions of yen）(Millions of yen） (Millions of yen）(Millions of yen） 26
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System Kikou Co.,Ltd.Head Office Minato-ku TokyoMain Business Cleaning and treatment of tanksHoldings ratio of Daiseki 100％ Green Arrows Kyushu Co.,Ltd.Head Office Kasuya-Gun FukuokaMain Business Recycling of waste plasterboardin the Kyushu areaHolding ratio of Daiseki Eco.Solution 58.0％ 3.1 Daiseki Group Corporate Profile (As of February 28,2025) Daiseki’s scope of consolidation Daiseki Eco.Solution’s scope of consolidation Daiseki Co.,Ltd.Listed Market Prime(TSE),Premier(NSE)Code 9793Head Office Minato-ku Nagoya-CityMain Business Intermediate treatment ofindustrial wasteHokuriku Daiseki Co.,Ltd.Head Office Kanazawa-City IshikawaMain Business Manufacturing of lubricating oil and sales of petroleum productsHoldings ratio of Daiseki 100％ Daiseki Eco. Solution Co.,Ltd.Listed Market Standard(TSE),Premier(NSE) Code 1712Head Office Mizuho-ku Nagoya-CityMain Business Soil-related consulting, surveys,analyses and processingHoldings ratio of Daiseki 53.9％ Daiseki MCR Co.,Ltd.Head Office Utsunomiya-City TochigiMain Business Refinement of lead, Recycling of used batteriesHoldings ratio of Daiseki 100％ Green Arrows Central Co.,Ltd.Head Office Tokai-City AichiMain Business Recycling of waste plasterboardin the Chubu areaHolding ratio of Daiseki Eco.Solution 54.0％ Sugimoto Paper Industry Co.,Ltd. Head Office Nagahama-City Shiga Main Business Wastepaper collection Holding ratio of Daiseki Eco.Solution 100％ Sugimoto Trading Company Co.,Ltd. Head Office Hikone-City Shiga Main Business General waste transportationand treatment, industrial wastecollection, transportation andintermediate treatment, etc. Holding ratio of Daiseki Eco.Solution 100％ 28
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3.2 Network①Daiseki(As of February 28,2025) Kyushu Works・2FactoriesChiba Works・1Fatory Kanto Works・3Factories Daiseki Head OfficeNagoya Works・4FactoriesMiyazaki Branch Office Shizuoka Branch Office Tokyo Sales Department Tohoku Branch OfficeKansai Works・4Factories Hokuriku Works・1Factofry Hiroshima Works 29
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Tomakomai Office Osaka Office･Osaka Recycling Center・Nishiosaka Office Tokyo Office Green Arrows CentralShikoku OfficeGreen Arrows KyushuKyushu Office Daiseki Eco.Solution Head Office･Nagoya Recycling Center・Bioenergy Center Daiseki MCR Head Office Chiba OfficeSystem Kikou Head Office Yokohama Namamugi Recycling Center・Yokohama Ebisu Recycling Center Daiseki Eco.Solution Head Office･Nagoya Recycling Center・Bioenergy Center Chubu OfficeYokkaichi Equipment Center Kansai Office Tohoku Office ②Daiseki Group (As of February 28,2025) Sugimoto Trading Company Daiseki Eco.Solution Co.,Ltd.Hokuriku Daiseki Co.,Ltd.Daiseki MCR Co.,Ltd.System Kikou Co.,Ltd.Green Arrows Central Co.,Ltd.Green Arrows Kyushu Co.,Ltd.Sugimoto Trading Company Co.,Ltd.Sugimoto Paper Industry Co.,Ltd. Sugimoto Paper Industry Gifu Recycling Center Hokuriku Daiseki 30