#TOKAIHoldings

Acquired 224,700 shares of treasury stock from March 1 to March 24, 2026, and 1,834,400 shares from September 4, 2025, to March 24, 2026; 1,834,400 shares are scheduled for cancellation on April 10, 2026.

TOKAI Corporation plans to acquire 520,000,000 shares (40.0% voting rights) of Taft Hydroenergy Corporation to make it a consolidated subsidiary. The acquisition price is undisclosed. Execution planned for June 2026.

As of April 1, 2026, TOKAI Holdings Corporation and its major group companies implemented executive personnel changes. Numerous appointments and resignations of executive officers as well as reassignments and changes of directors and board members were made.

From February 1 to February 28, 2026, the Company acquired 248,100 shares of common stock, with a total acquisition price of 295,655,200 yen. The cumulative number of shares acquired is 1,609,700 shares, with a cumulative acquisition price of 1,736,055,100 yen.

For the third quarter of the fiscal year ending March 2026, net sales were 177,382 million yen (2.4% increase YoY), operating income was 12,332 million yen (27.0% increase YoY), and net income attributable to owners of parent for the quarter was 7,514 million yen (33.1% increase YoY). Share Buyback totaled 1,361,600 shares at a purchase price of 1,440,399,000 yen.

Net sales reached 177.4 billion yen (Year-over-Year +2.4%), operating income 12.3 billion yen (+27.0%), and quarterly net income 7.5 billion yen (+33.1%), achieving record highs. Full-year earnings guidance was also revised upward, and the dividend forecast was increased to 19 yen per share.

Revised consolidated earnings forecast for the fiscal year ending March 2026: net sales of JPY 246,000 million (2.8% decrease from previous forecast), operating income of JPY 18,300 million (4.6% increase), and net income attributable to owners of parent of JPY 10,600 million (6.0% increase).

Revised the forecasted dividend per share for the fiscal year ending March 2026 from 34 yen to 36 yen, an increase of 2 yen. The annual dividend including the dividend paid in November 2025 will be 36 yen.

Junichi Yamada will resign as Representative Director of TOKAI Holdings as of April 1, 2026, and assume the position of Representative Director and President of Tokai Gas Co., Ltd. Satoshi Masuda is scheduled to newly assume the position of Executive Officer.

Acquired 277,000 shares of treasury stock totaling 311,326,600 yen from January 1 to January 31, 2026. Cumulative shares acquired total 1,361,600 shares, with an aggregate acquisition amount of 1,440,399,900 yen.

From December 1 to December 31, 2025, the Company acquired 262,200 shares of its common stock as treasury stock, at a total acquisition cost of 278,322,600 yen.