Slide 1: AMIYA Corporation Financial Results Presentation Q2 FY12/2026
Securities Code:4258 AMIYA Corporation Financial Results P re s e n t a t i o n M a t e r i a l s Q2 FY 12/2026
Slide 2: AMIYA
01 AMIYA
Slide 3: AMIYA is a comprehensive provider of made-in-Japan cybersecurity solutions
AMIYA is a comprehensive provider of made-in-Japan cybersecurity solutions Identity AMIYA Building sovereign cyber defense capability is a first-order priority for Japan— critical to the nation's economic security, and equally so to how companies invest in managing their own risk. AMIYA is a compreh
Slide 4: Core products and services are developed and operated in-house
AMIYA's core products and services are developed and operated in-house Data Security Business Network Security Business Accessible SIEM Over 6,500 contracts Fully managed SASE Over 5,900contracts *cumulative *cumulative *Network All Cloud—Track Record Comprehensive Cloud-based CSIRT Cybersecurity se
Slide 5: AMIYA's performance over the last three years
AMIYA's performance over the last three years Looking back at the previous MTP (FY2023 - 2025) we successfully doubled revenue and ARR, while driving a four-fold increase in operating profit. Subscription-driven contract liabilities (advances received) doubled, alongside a three-fold increase in EPS
Slide 6: AMIYA by the Numbers
AMIYA by the Numbers Our Client Base/Sales Channels Consist Primarily of Prominent Companies. One of Japan’s Premiere Solution Providers. Track 10K No.1 40 Server log Large management sales channels Record ＋ (companies) + (17 years running) Extensive sales track record as a vendor of made-in-Japan s
Slide 7: Financial Highlights
02 Financial Highlights
Slide 8: Q2 Result Highlights
Q2 Result Highlights Our annual plan is typically back-loaded toward H2, but we've already hit close to the 50% mark as we close out Q2 Profit attributable to Revenue Rev Operating Profit OP owners of parent NI FY2025 Q2 FY2025 Q2 FY2025 Q2 ¥ 2,746 M ¥ 486 M ¥ 325 M FY2026 Q2 FY2026 Q2 FY2026 Q2 YoY
Slide 9: Q2 Executive Summary
Q2 Executive Summary Robust sales growth fully absorbed promotional costs, driving interim profit to a record high 2025Q2 2026Q2 We posted record interim highs Revenue: ¥2.746 B ¥3.397 B YoY＋24% across both revenue and Operating Profit: ¥486 M ¥638 M YoY＋31% operating profit ARR: ¥3.332 B ¥4.461 B Y
Slide 10: Rev/OP Quarterly Trends
Rev／OP Quarterly Trends Even as we position this as a year for proactive investment, our operating profit margin continued to climb Top-line revenue grew 23.7% YoY, and operating profit surged by 31.3%, expanding our operating margin to 18.8% (Unit: ¥1 M) Revenue (Unit: ¥1 M) Operating Profit 7,002(
Slide 11: OP Quarterly Trend
OP Quarterly Trend Our growing base of subscription ARR is now driving a sharp acceleration in profitability Operating profit up 14% QoQ (FY2024) +72% (FY2025) +84% (FY2026) Steady acceleration in sequential operating profit growth 1,200 (Forecast) FY2026 FY2025 FY2024 FY2023 1,051 638 FY2022 795 Op
Slide 12: Quarterly Revenue / Operating Profit
Quarterly Revenue / Operating Profit Our business is typically weighted toward H2 due to seasonal patterns. Our business is typically weighted toward H2 (July–December). We have already reached the halfway point of this fiscal year. Revenue (Non-cumulative) Operating Profit (Non-cumulative) FY2022 F
Slide 13: Quarterly Trends in ARR
Quarterly Trends in ARR ARR growth (+34% YoY) outpaced revenue growth (+24% YoY), underscoring the steady expansion of our recurring revenue base Company-wide ARR DS Business ARR NS Business ARR QoQ YoY QoQ YoY QoQ YoY + 10.9% + 33.9% + 11.5% + 39.2% + 10.4% + 29.4% (Unit: ¥1 M) 2,104 データセキュリティ(DS)事
Slide 14: Quarterly Trends in Contract Liabilities
Quarterly Trends in Contract Liabilities Contract liabilities grew 68.5% YoY, representing a steady accumulation of future revenue not yet recognized in the P&L Our business foundation is both broad and structural, ensuring we are not dependent on any single large contract YoY 2,988 +68.5% 2,186 2,0
Slide 15: Quarterly Trends in SG&A
Quarterly Trends in SG&A To elevate our profile as a made-in-Japan brand, we are accelerating our investments in marketing and talent acquisition The rise in corporate expenses is mainly due to our new graduate hiring. Turning to our advertising spend, we are strategically directing funds toward tra
Slide 16: Summary by Segment
Summary by Segment Cybersecurity has become a key national policy priority Data Security Business Network Security Business Against the backdrop of escalating cyberattacks and stricter government Network All Cloud continues to deliver robust growth, driven by the ongoing mandates—like the SCS Assess
Slide 17: Data Security Business: Transition to Subscription Model
Data Security Business Transition from Perpetual License to Subscription Model Is Going Well Subscription Sales Annualサブスク解約率 Subscription Churn (Unit: #) YoY Transition from Legacy Plans ＋56.7％ Legacy Plans - Churn Rate (%) to Subscription Model 575 23.3% 533 19.3% 18.6% 18.4% 18.6% 483 17.0% 16.9%
Slide 18: Network Security Business: Subscriptions and Churn Rate
Network Security Business Subscriptions and Churn Rate Devices / Licenses (Cumulative) Annual Subscription Churn Number of licenses Necessity and competitive YoY＋39.9％ 117,206（VPN＋SASE licenses) advantage lead to low churn rates 102,619 93,584 86,934 83,763 78,002 73,879 68,363 69,808 85,856(VPN lic
Slide 19: Sustainable Growth and Growth Strategy
03 Sustainable Growth and Growth Strategy
Slide 20: The SCS Assessment System is a major tailwind for the market
The SCS Assessment System is serving as a major tailwind for the market Driven by the escalating frequency of cyberattacks, both the government and parent companies are now mandating strict cyber hygiene across their supply chains, creating a massive tailwind for our business. METI's Cybersecurity R
Slide 21: Key Global Cybersecurity Frameworks
Key Global Cybersecurity Frameworks Key Cybersecurity Market Scale Projections Frameworks (2030) Global players Japanese players EDR ¥2.3 T CrowdStrike. (Approx. ¥25 T) Monitor and block unauthorized device activity SentinelOne. (Approx. ¥900 B) IDaaS ¥1.5 T Unified access to multiple Okta (Approx.
Slide 22: Tailwinds and business model pivot drive continued rapid growth
Driven by tailwinds in cybersecurity and a business model pivot, we expect continued rapid growth Transitioned our revenue structure from legacy one-time purchases to a recurring subscription model. Recurring subscriptions rising from 51% to a targeted 61%. (¥1 M) DS事業ストック売上 DS Business (Recurring)
Slide 23: Transitioned to Subscription Model for Our Flagship Offerings
Transitioned to Subscription Model for Our Flagship Offerings April 2024: ALog fully transitioned to an exclusive subscription model. This allowed us to grow revenues approximately 7-fold compared to legacy maintenance fees, while reducing the churn rate from 14% to under 1%. Perpetual Subscription
Slide 24: Revenue Trend by Segment
Revenue Trend by Segment Our high-margin recurring businesses are driving growth, particularly our SaaS-based Network All Cloud and ALog, which has now fully transitioned to a subscription model. Comprehensive cybersecurity services are also gaining momentum, though we are holding back scaling our l
Slide 25: Target ARR
Target ARR 7.2 B Capitalizing on robust cybersecurity demand, our flagship ALog and Verona solutions will drive our ARR growth. We are targeting over ¥7.2 billion in ARR by fiscal year 2028. ARR Target ¥ (¥1 M) ¥ 3.2 B 4.8 B データセキュリティ事業（DS事業） Data Security Business (DS Business) ネットワークセキュリティ事業（NS事業）
Slide 26: Shareholder Returns
Shareholder Returns New progressive dividend policy and projected dividend increase for fiscal year 2026 Change in Dividend Policy Previous Policy New Policy Based dividend payouts on a comprehensive assessment of our business We commit to maintaining or growing our annual dividend, with no cuts bar
Slide 27: Driving Growth Through Capital Alliances
Driving Growth Through Capital Alliances Industry leaders are actively taking equity stakes in AMIYA, recognizing the value of our made-in-Japan cybersecurity solutions. These investments reflect strong confidence in our superior R&D capabilities and rapid growth trajectory NTT DOCOMO BUSINESS Canon
Slide 28: Investment Plan
Investment Plan We are investing heavily in R&D and sales promotion to capture market leadership in the SASE sector. Ultimately, we want our made-in-Japan solution to be a leading standard in this ¥6 trillion market. 2023 2024 2025 2026 2027 2028 Launched our Developed the Develop new SIEM Develop A
Slide 29: Investment Plan: Sales Promotion
Investment Plan: Sales Promotion Ramping up advertising and sales promotion in FY 2026 to cement our status as the premier made-in-Japan cybersecurity vendor Interop Tokyo 2026 Various online events Information Security EXPO Partner summits Copyright @ AMIYA Corporation 29
Slide 30: Acquired a production facility for made-in-Japan hardware
M＆A We acquired a production facility to establish ourselves as a manufacturer of made-in-Japan hardware May 13, 2026 disclosure We consolidated Ampere Inc., a company specializing in the manufacture of industrial and IT equipment, as a Group subsidiary. Objective No. 1: Objective No. 2: Drive Group
Slide 31: Next-Gen ALog
Next-Gen | R&D enhancements to AI-driven automated analysis & monitoring Legacy ALog Next-Gen ALog (August 2026 release date) Collect logs Integrate data Collect logs Integrate data Forensic searches during Forensic searches during SIEM Store logs critical incidents Store logs critical incidents Req
Slide 32: Next-Gen Verona
Next-Gen | In-house development of a high-end, made-in-Japan SASE solution Verona SASE (Current) Next-Gen Verona SWG URL Filtering SWG URL Filtering Antivirus Antivirus FWaaS Anti-spam FWaaS Anti-spam SASE IDS / IPS IDS / IPS Requirements Application Control Application Control CASB CASB Tenant Cont
Slide 33: Core Product KPIs
Core Product KPIs Data Security Business Track Record 6,500 contracts Network Security Business Track Record 5,900 contracts (Cumulative) (Cumulative) Accessible SIEM 仮想ネットワークシリーズ Network All Cloud series Our pricing scales with the organization. First-year revenue is roughly a 60/40 split Clients a
Slide 34: Commitment to Human Capital
Commitment to Human Capital *All figures on a non-consolidated basis (As of September 30, 2025) Workforce Target Gender Split Talent Strategy 300 Secure new cybersecurity graduate Management that truly cares about talent with the objective of fostering/training this talent Female Male employee motiv
Slide 35: Business Overview and Competitive Advantage
04 Business Overview and Competitive Advantage
Slide 36: Data Security Business
Data Security Business Source: Deloitte Tohmatsu MIC Research Institute, "Current Status and Future Outlook of the Internal Threat Prevention Solutions Market," published March 2026 Accessible SIEM Automated log collection across all systems Automated analysis of Indicators of Compromise Compliant w
Slide 37: Automated Risk Assessment Powered by AI as a Competitive Edge
Data Security Business | Automated Risk Assessment Powered by AI as a Competitive Edge Before After Alog: system log Different log formats ALog data collection Ever-growing no. systems automatically for each system Collect collects data from the target system Collected logs are automatically standar
Slide 38: The Only Solution to Convert Massive Data Logs into Human-readable Format
Data Security Business | The Only Solution to Convert Massive Data Logs | into Human-readable Format Complex logs in different formats Automatically converts data into human-readable format S-1-5-21-2910433525-404745982-3962478095- When? Who? Where? What? 500/Toshio/2008SP2/0x50b70/Security/File/E:¥
Slide 39: AI risk assessment is a competitive differentiator unique to Amiya
Data Security Business | Integration of AI to automate risk assessment functions is a competitive differentiator unique to Amiya Internal Identify irregular patterns External Identify irregular patterns fraud threats Identify irregular folder access times Identify irregular folder access patterns Ra
Slide 40: Managed Threat Monitoring for SMEs
Data Security Business ／ | Managed Threat Monitoring for SMEs ALog takes care of the operational side. Proprietary solutions. SOC/CSIRT Fully managed cybersecurity by our remote experts Competitive pricing. Managed threat monitoring Monitoring Analysis SOC services Leverage a wide range of collected
Slide 41: SIEM Market & Key Players
For Reference* SIEM Market & Key Players Global SIEM Market Key Players Internationally, the log management market is called There are very few made-in-Japan SIEM providers. The the SIEM market. market is dominated by North American vendors, all of This market is expected to reach ¥1.8 trillion by 2
Slide 42: Comprehensive Cybersecurity Services
Data Security Business | End-to-end coverage spanning vulnerability assessments, Comprehensive Cybersecurity Services emergency response, audits, and training Beyond product sales, our competitive edge lies in delivering a full spectrum of end-to-end cybersecurity services Consulting Security assess
Slide 43: Network Security Business
Network Security Business Network virtualization enables fully remote, cloud-based management of communications infrastructure Cloud-based Fully managed SASE Cloud-based Wi-Fi IT management services Copyright @ AMIYA Corporation 43
Slide 44: Legacy Networks Relied on Manual, On-premise Setup
Network Security Business Legacy Networks | Used to Rely on Manual, On-premise Setup & Configuration Gateway VPN SaaS/IaaS FQDN Internet Security Database cameras UTM Applications Load Router L３ switch balancing Server DNS Remote access L2 switch Remote work WLAN Email Web Firewall IoT Virtualizatio
Slide 45: One of Japan's Leading Network Virtualization Services
Network Security Business |One of Japan's Leading Network Virtualization Services Network Virtualization Point 1 FY2025 High Retention 5,900 companies Driven by Infrastructural Stickiness FY2025 99% Cloud Management Stable operation of Center corporate networks Adoption Setup 2 Head Office Network M
Slide 46: SASE neutralizes both ransomware and phishing threats
Network Security Business | SASE neutralizes both ransomware and phishing threats Fully managed SASE, ZTNA SWG simplified for everyone Zero-trust networks URL filtering DNS security FWaaS IPS/IDS CASB Branches & Antivirus Application control data centers Anti-spam Web access control Internal access
Slide 47: Positioning of our SASE Solution
Positioning of our SASE Solution Simple Implementation Made-in-Japan SASE • Managed services included • Competitive pricing • Zero upfront SI fees Company D • DLP/Sandboxing under ¥5 M - ¥50 M/year development Cost Company I High Low ¥10 M - ¥100 M/year Overseas SASE Palo Alto ¥100 M - ¥1 B/year Ove
Slide 48: SASE offers feature parity with high-priced global brands
Network Security Business offers feature parity with high-priced global brands Core SASE Capabilities Global Global Domestic competitor P competitor Z Competitor A SASE: A comprehensive network security platform SD-WAN ○ △ × ○ Always-On & Forced Tunneling ○ ○ × ○ ZTNA Device Posture (Endpoint Health
Slide 49: Deliver certain success for businesses built on safety and security
Deliver certain success for businesses built on safety and security