Amano CorporationTSE: 6436

Summary Financial Statements (Consolidated) for Fiscal Year 2024 (Year Ended March 31, 2025)

Apr 24, 2025 at 6:57 AM UTC · Issued by Amano Corporation

Summary Financial Statements (Consolidated)

for Fiscal Year 2024 (Year Ended March 31, 2025) (Japan GAAP)

Company name:	Amano Corporation		Listed on: TSE
Securities code:	6436	URL	https://www.amano.co.jp/en
Representative:	Manabu Yamazaki, President & Representative Director
Inquiries:	Kiyotaka Muroi, Operating Officer
General Manager, Corporate Planning

Scheduled date for Ordinary General Meeting of Shareholders: June 27, 2025

Scheduled date for filing of securities report: June 27, 2025

Scheduled date for start of dividend payments: June 30, 2025

Supplementary explanation materials prepared for financial results: Yes

Briefing held on financial results: Yes (for institutional investors and analysts)

April 24, 2025

Phone: +81 (45) 439-1591

(Amounts less than 1 million yen are rounded down)

1. Business results for fiscal year 2024 (April 1, 2024 to March 31, 2025)

(1) Operating results		(Percentages represent year on year changes)
			Net income attributable to
Net sales	Operating profit	Ordinary profit	owners of the parent
			company

Millions of yen

FY 2024 (year	175,423
ended March 2025)

FY 2023 (year	152,864
ended March 2024)

Note: Comprehensive income

(% change)	Millions of yen	(% change)	Millions of yen	(% change)	Millions of yen	(% change)
14.8	23,040	17.7	24,642	18.2	17,828	35.7
15.1	19,567	23.9	20,855	23.0	13,141	16.4

FY 2024 (year ended March 2025): ¥ 20,813 million (7.3%)

FY 2023 (year ended March 2024): ¥ 19,403 million (27.1%)

	Net income per	Diluted net income	Ratio of net income	Ratio of ordinary	Ratio of operating
	share		per share	to equity capital	profit to total assets	profit to net sales
FY 2024 (year	Yen	Yen		%		%	%
249.91	-		13.5		13.0	13.1
ended March 2025)

FY 2023 (year	182.48	-		10.6		11.7	12.8
ended March 2024)

Reference: Equity in earnings of affiliates	FY 2024 (year ended March 2025): ¥ 208 million
		FY 2023 (year ended March 2024): ¥ 184 million
(2) Financial position
	Total assets		Net assets	Equity ratio	Net assets per share
	Millions of yen	Millions of yen			%	Yen
FY 2024 (year	194,338		136,563			69.9	1,906.85
ended March 2025)

FY 2023 (year	184,585		128,103			69.1	1,779.42
ended March 2024)

Reference: Equity capital		FY 2024 (year ended March 2025): ¥ 135,929 million
		FY 2023 (year ended March 2024): ¥ 127,600 million

(3) Cash flows

FY 2024 (year ended March 2025) FY 2023 (year ended March 2024)

2. Dividends

FY 2023 (year ended March 2024) FY 2024 (year ended March 2025)

FY 2025 (year ending March 2026) (est.)

Cash flow from operating	Cash flow from investing	Cash flow from financing Cash and cash equivalents
activities	activities	activities	at end of year
	Millions of yen		Millions of yen		Millions of yen		Millions of yen
	24,672		(4,192)		(17,361)		55,859
	23,771		(10,221)		(18,216)		51,648
	Annual dividends			Total dividend	Payout ratio	Ratio of dividend
First	Second	Third
Year-end	Total	amount (Year) (Consolidated)	to net assets
quarter-end quarter-end	quarter-end	(Consolidated)
Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
-	40.00	-	95.00	135.00	9,787	74.5	7.9
-	50.00	-	125.00	175.00	12,601	70.7	9.5
-	55.00	-	125.00	180.00		72.0

3. Forecast earnings for fiscal year 2025 (April 1, 2025 to March 31, 2026)

(Percentages represent year on year changes)

	Net sales		Operating profit	Ordinary profit		Net income attributable	Net income per share
			to owners of the parent
							company
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
First half	85,800	1.9	10,300	4.1	10,900	3.5	7,200	0.5	101.00
Full year	180,000	2.6	24,500	6.3	26,000	5.5	18,000	1.0	252.51

Notes
(1) Significant changes among subsidiaries during the fiscal year under review		:	None
(i.e. changes among specific subsidiaries resulting in a change in the scope of consolidation)
(2) Changes to accounting policy, changes to accounting forecasts, and restatements
[1]	Changes arising from revision of accounting standards	:	None
[2]	Changes to accounting policy other than those in [1] above	:	None
[3]	Changes to accounting forecasts	:	None
[4]	Restatements	:	None

(3) Number of shares issued and outstanding (common stock)

Number of shares issued and outstanding at the end of the period (including treasury stock)
Number of shares of treasury stock at the end of the period
Average number of shares outstanding

As of March 31,	76,657,829	As of March 31,	76,657,829
2025	shares	2024	shares
As of March 31,	5,373,192	As of March 31,	4,948,546
2025	shares	2024	shares
As of March 31,	71,339,401	As of March 31,	72,019,048
2025	shares	2024	shares

Note: The number of shares of treasury stock as of March 31, 2025, includes Amano's shares held by the Director's Compensation BIP Trust and the Employee Stock Ownership Plan (J-ESOP).

(721,481 shares as of Mar. 31, 2025 and 793,884 shares as of March 31, 2024 respectively)

In addition, these Company's shares are included in the treasury stock which is deducted in calculating the average number of shares outstanding.

Reference: Non-consolidated results

1. Business results for fiscal year 2024 (April 1, 2024 to March 31, 2025)

(1) Operating results					(Percentages represent year on year changes)
	Net sales		Operating profit	Ordinary profit		Net income
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
FY 2024 (year ended	78,867	8.5	14,522	20.1	20,447	27.9	16,361	53.1
March 2025)

FY 2023 (year ended	72,685	12.3	12,090	23.4	15,986	19.1	10,684	8.6
March 2024)

	Net income per share	Diluted net income per share
		Yen		Yen
FY 2024 (year ended		229.34		―
March 2025)

FY 2023 (year ended		148.35		―
March 2024)

(2) Financial position
	Total assets		Net assets		Equity ratio		Net assets per share
	Millions of yen	Millions of yen		%		Yen
FY 2024 (year ended		134,091		112,271		83.7		1,574.97
March 2025)

FY 2023 (year ended		132,798		108,216		81.5		1,509.11
March 2024)

Reference: Equity capital		FY 2024 (year ended March 2025): ¥ 112,271 million
		FY 2023 (year ended March 2024): ¥ 108,216 million

2. Forecast earnings for fiscal year 2025 (April 1, 2025 to March 31, 2026)

(Percentages represent year on year changes)

	Net sales		Operating profit		Ordinary profit	Net income	Net income per share
	Millions of yen	% Millions of yen	% Millions of yen	% Millions of yen	%	Yen
First half	36,900	1.0	6,200	1.8	9,300	(13.6)	7,000	(18.9)	98.20
Full year	80,500	2.1	15,000	3.3	19,500	(4.6)	14,500	(11.4)	203.41

Note: Summary Financial Statements are not subject to auditing by a certified public accountant or auditing firm.

Note: Explanation concerning appropriate use of the earnings forecast, and other matters to note Caution regarding forward-lookingstatements

Earnings forecasts and other forward-looking statements contained in this document are based on information available at the time of this document's preparation and on certain assumptions that are deemed to be reasonable. A variety of factors could cause actual results to differ significantly from the forecasts.

Obtaining supplementary financial results materials and information on the scheduled financial results briefingSupplementary financial results materials are disclosed on the Amano's website on the same day as the date of this document. Also, a financial results briefing for institutional investors and analysts is scheduled for Friday, April 25, 2025. The financial results materials to be distributed at this briefing are due to be on the Amano's website immediately on the same day.

Table of Contents for Attachment

1. Summary of Business Results	2
(1)	Summary of Business Results for This Fiscal Year	2
(2)	Summary of Financial Condition for This Fiscal Year	5
(3)	Summary of Cash Flows for This Fiscal Year	5
(4)	Future Outlook	6
(5)	Basic Policy on Distribution of Profits and Payment of Dividends for This Fiscal Year and the Next	6
2. Business Policies	6
(1)	Basic Management Policy	6
(2)	Medium-long Term Business Strategy	6
3. Basic Approach to the Selection of Accounting Standards	7
4. Consolidated Financial Statements and Primary Explanatory Notes	8
(1)	Consolidated Balance Sheets	8
(2)	Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	10
(3)	Consolidated Statement of Changes in Shareholders' Equity	12
(4)	Consolidated Statements of Cash Flows	14
(5)	Notes to Consolidated Financial Statements	16
Notes on Regarding the Premise of a Going Concern	16
Additional Information	16
Notes on Segment Information	17
Notes on Per-share Data	19
Notes on Significant Subsequent Events	20

1. Summary of Business Results

Summary of Business Results for the Fiscal Year
During the fiscal year under review, the Japanese economy is considered to be on a moderate recovery trend, supported by a strong corporate appetite for capital investment, although the outlook of the Japanese economy is ridden by uncertainties such as overseas economic slowdown, rising geopolitical risks, extensive price hikes, and exchange rate volatility.
Under this business environment, in our "9th Medium-Term Business Plan" that started in April 2023, we, the Amano Group, have set forth the management concept of "The 4th Stage Towards a 100-year Company-Initiatives for a Paradigm Shift Leading to Sustainable Management" in which we have promoted DX (digital transformation) in each business field and have executed strategic investments in software-based assets, IoT, AI, etc., and further enhance our competitive advantage in terms of profitability. Furthermore, we have proactively worked to solve social issues.
As a result, during the fiscal year under review, Amano recorded net sales of ¥175,423 million, up by 14.8% year on year. Operating profit increased by 17.7% to ¥23,040 million, ordinary profit went up by 18.2% to ¥24,642 million, and net income attributable to owners of the parent company increased by 35.7% to ¥17,828 million, resulting in increases in both sales and profit.
(Main factors behind the business results)
1. At the non-consolidated Amano, Parking Systems sales increased due to surplus demand stimulated by the introduction of new banknotes, etc. In addition, Information Systems sales continued to grow in software due to vigorous investment by various companies. Environmental Systems sales increased due to the strong performance of the large-scale systems, and Clean Systems sales continued to grow due to the strong performance of cleaning robots as well.
2. In domestic group companies, the parking management contract services business continued to grow, and the cloud service business for T&A sales decreased slightly due to the transfer of operations to Amano and other factors. The digital time stamp business continued to perform well.
3. In overseas markets, sales increased in North America, Europe, and Asia, partly due to the effect of yen depreciation. In North America, Parking Systems sales continued to grow due to the effect of new products. In Europe, sales of Information Systems in France continued to grow by capturing customer needs. However, in North America and Europe, increased employees and rising labor costs put downward pressure on profits. In Asia, Parking Systems sales grew in South Korea and Hong Kong, and Environmental Systems sales grew in Thailand.
4. Gains on the sale of investment securities was booked as a result of the reduction of cross-shareholdings.

The following is a breakdown of sales by business division.

Sales by business division					(Millions of yen)
	FY 2023	FY 2024
Category	(April 1, 2023-	(April 1, 2024-	Change
March 31, 2024)	March 31, 2025)
	Amount	Ratio (%)	Amount	Ratio (%)	Amount	%
Time Information System business:
Information Systems	35,757	23.4	39,953	22.8	4,196	11.7
Time Management Products	2,572	1.7	2,436	1.4	(136)	(5.3)
Parking Systems	78,510	51.3	93,459	53.2	14,949	19.0
Subtotal	116,840	76.4	135,849	77.4	19,009	16.3
Environment System business:
Environmental Systems	23,089	15.1	25,306	14.5	2,217	9.6
Clean Systems	12,935	8.5	14,267	8.1	1,332	10.3
Subtotal	36,024	23.6	39,574	22.6	3,549	9.9
Total	152,864	100.0	175,423	100.0	22,559	14.8

Time Information System business

The sales in this business totaled ¥135,849 million, up by ¥19,009 million (up 16.3%) year on year. The following is a breakdown of sales by business division.

• Information Systems ¥39,953 million (up 11.7% year on year)

Domestic sales for the current term were as follows. For non-consolidated Amano, software sales increased by ¥2,142 million (20.0%) due to the promotion of renewal proposals, hardware sales decreased by ¥381 million (12.1%), and sales generated by maintenance contracts and supplies services increased by ¥202 million (4.5%) year on year. Amano Business Solutions Corporation, deploying the cloud services, sales slightly decreased due to the transfer of operations to Amano and other factors.

Overall overseas sales increased by ¥2,263 million (14.1%), as Accu-Time Systems, Inc. in North America sales were flat and Horoquartz S.A. in Europe sales increased.

• Time Management Products ¥2,436 million (down 5.3% year on year)

Overall domestic sales for the current term decreased by ¥291 million (13.0%) year on year as the sales of standard time recorders and PC-linked time recorders decreased.

Overall overseas sales decreased by ¥12 million (2.1%) as sales in Europe and Asia decreased.

• Parking Systems ¥93,459 million (up 19.0% year on year)

Domestic sales for the current term were as follows. For non-consolidated Amano, domestic parking lot management systems sales increased by ¥1,608 million (9.6%) due to capturing the demand for new banknote, while sales generated by maintenance contracts and supplies services increased by ¥1,704 million (15.1%). Sales continued to increase in the parking management contract services business operated by Amano Management Service. As a result of the continued investment by them, the number of parking spaces under management increased by 74,000 (10.4%) from the end of the previous fiscal year.

Overall overseas sales increased by ¥11,178 million (28.9%) due to the increase in the sales of Amano McGann, Inc. in North America and the increase in sales of the parking management contract services business in South Korea and Hong Kong in Asia.

Environment System business

The sales in this business totaled ¥39,574 million, up by ¥3,549 million (up 9.9%) year on year. The following is a breakdown of sales by the business division.

• Environmental Systems ¥25,306 million (up 9.6% year on year)

During the current term for non-consolidated Amano, domestic sales of standard dust collection systems increased by ¥169 million (2.4%) , sales of large-scale systems increased by ¥495 million (6.7%), and sales generated by maintenance contracts and supplies services increased by ¥144 million (3.2%) year on year.

Overall overseas sales increased by ¥910 million (23.2%) as sales in Asia increased in mainly Thailand.

• Clean Systems ¥14,267 million (up 10.3% year on year)

During the current term for non-consolidated Amano, overall domestic sales of cleaning equipment increased by ¥137 million (5.4%) due to increase in sales of cleaning robots, and domestic sales generated by maintenance contracts and supplies services increased by ¥139 million (6.4%) year on year.

Overall overseas sales increased by ¥1,150 million (15.3%) due to the increase in the sales of Amano Pioneer Eclipse Corporation in North America.

Reference information

Information by area

							(Millions of yen)
		Net sales			Operating profit or loss
	FY 2023	FY 2024		Percentage	FY 2023	FY 2024		Percentage
	(year ended	(year ended	Change	change	(year ended	(year ended	Change	change
	March 2024) March 2025)		(%)	March 2024) March 2025)		(%)
Japan	87,229	93,916	6,686	7.7	19,347	22,260	2,913	15.1
Other Asia	32,473	41,166	8,693	26.8	2,385	2,625	240	10.1
North	21,108	25,239	4,130	19.6	(165)	293	459	―
America

Europe	13,551	16,196	2,644	19.5	1,944	2,127	182	9.4
Total	154,362	176,518	22,155	14.4	23,511	27,307	3,795	16.1
Eliminations/	(1,497)	(1,094)	―	―	(3,944)	(4,267)	―	―
Corporate

Consolidated	152,864	175,423	22,559	14.8	19,567	23,040	3,472	17.7
Notes: 1. The national and regional demarcations are based on the degree of geographical proximity.
2. Major countries and territories included in areas other than Japan:
(1) Other Asia:	Singapore, Thailand, Malaysia, Indonesia, South Korea, China, Philippines, and Vietnam
(2) North America: United States, Canada, and Mexico
(3) Europe:	France, Belgium, and Spain

Overseas sales

		Overseas sales
	FY 2023	FY 2024		Percentage
	(year ended	(year ended	Change
	change (%)
	March 2024)	March 2025)

Other Asia	32,687	41,293	8,605	26.3

(Millions of yen)

Proportion of consolidated net sales accounted

for by overseas sales (%)

FY 2023	FY 2024
(year ended	(year ended	Change
March 2024)	March 2025)
21.4	23.5	2.1

North America	19,800	23,598	3,798	19.2	12.9	13.4	0.5
Europe		13,105	15,577	2,471	18.9	8.6	8.9	0.3
Other regions		1,361	1,853	492	36.2	0.9	1.1	0.2
Total		66,954	82,322	15,367	23.0	43.8	46.9	3.1
Consolidated net	152,864	175,423
sales

Notes: 1. The national and regional demarcations are based on the degree of geographical proximity.
2. Major countries and territories included in areas other than Japan:
(1)	Other Asia:		Singapore, Thailand, Malaysia, Indonesia, South Korea, China, Philippines, and Vietnam
(2)	North America: United States and Canada
(3)	Europe:		France, Belgium, and Spain
(4)	Other regions:	Central and South America

3. Overseas sales comprise sales by Amano and its consolidated subsidiaries to countries and regions other than Japan.

Summary of Financial Condition for This Fiscal Year
1. Assets, liabilities, and net assets

Total assets amounted to ¥194,338 million (up ¥9,753 million from the previous consolidated fiscal year-end). •Current assets: an increase of ¥7,227 million due to increases in cash and bank deposits, and notes and accounts

receivable-trade and contract assets, etc.

•Fixed assets: an increase of ¥2,525 million due to increases in software in progress, and lease assets, etc.

Total liabilities amounted to ¥57,775 million (up ¥1,293 million from the previous consolidated fiscal year-end). •Current liabilities: an increase of ¥1,603 million due to an increase in accrued income taxes, etc.

•Long-term liabilities: a decrease of ¥310 million due to a decrease in lease liabilities, etc.

Net assets amounted to ¥136,563 million (up ¥8,459 million from the previous consolidated fiscal year-end). •Shareholders' equity: an increase of ¥5,584 million due to posting of net income attributable to owners of the

parent company, etc.

•Accumulated other comprehensive income: an increase of ¥2,743 million due to an increase in foreign currency translation adjustments, etc.

Summary of Cash Flows for This Fiscal Year
Consolidated cash and cash equivalents increased by ¥4,210 million from the previous fiscal year-end to a total of ¥55,859 million as of March 31, 2025. The status of each type of cash flow at year-end and the underlying factors are as follows.
Net cash provided by operating activities totaled ¥24,672 million (an increase in income of ¥901 million year on year).
•Main income factors:
Posting of income before income taxes amounting to ¥25,674 million, posting of depreciation and amortization amounting to ¥11,013 million, and posting of receipts from interest and dividends amounting to ¥1,378 million.
•Main expenditure factors:
Posting of income taxes paid amounting to ¥6,535 million, posting of decrease in trade payables amounting to ¥4,292 million, and posting of increase in trade notes and accounts receivable and contract assets amounting to ¥1,762 million.
Net cash used in investing activities totaled −¥4,192 million (a decrease in cash outflow of ¥6,029 million year on year).
•Main income factors:
Posting of proceeds from withdrawal of time deposits amounting to ¥10,748 million, posting of proceeds from redemption of securities amounting to ¥3,050 million, and posting of proceeds from sale of investment securities amounting to ¥1,826 million.
•Main expenditure factors:
Posting of increase in time deposits amounting to ¥9,941 million, posting of payment for purchase of tangible fixed assets amounting to ¥4,557 million, posting of payment for acquisition of intangible fixed assets amounting to ¥2,889 million, and posting of payment for acquisition of investment securities amounting to ¥1,707 million.
Net cash used in financing activities amounted to −¥17,361 million (a decrease in cash outflow of ¥854 million year on year).
•Main income factors:
Posting of proceeds from sale and leaseback amounting to ¥2,247 million. •Main expenditure factors:
Posting of dividends paid amounting to ¥10,488 million, posting of repayments of lease liabilities amounting to ¥7,869 million, and posting of payment for acquisition of treasury stock amounting to ¥1,955 million.

Future Outlook
With regard to the outlook for the Japanese economy in the next fiscal year, although a moderate recovery trend continues, supported by strong corporate appetite for capital investment, uncertainties about the future is considered to be growing due to factors such as concerns about recessions overseas, heightened geopolitical risks, and the impact of changes in U.S. trade policy, etc.
Amid this business environment, Amano and our group companies have set "The 4th Stage Towards a 100-year Company-Commitment to a Paradigm Shift Leading to Sustainable Management" as our management concept and work to address key issues in the "9th Medium-Term Business Plan".
The details of the Plan are available on the Amano's website.
Basic Policy on Distribution of Profits and Payment of Dividends for This Fiscal Year and the Next
Amano places great importance on our policy of paying dividends to shareholders. Our fundamental policy to return profits to shareholders is to continue to make stable ordinary dividend payments, make appropriate performance-based distributions, and to acquire treasury stock, as it deems necessary. We aim to maintain a dividend payout ratio over 40% on a consolidated basis, a total return ratio over 55%, and a net asset dividend ratio over 2.5%.
In line with this policy, taking into account our current-year operations results, we plan to pay a year-end dividend of ¥125 per share, and the annual per-share dividend for this fiscal year will be ¥175 (including ¥50 per share paid as the interim dividend), an increase of ¥40 from the annual per share dividend of ¥135 for the previous fiscal year. In addition, the Board of Directors approved a resolution regarding the acquisition of treasury stock on April 24, 2025. For more details of this matter, please visit the Amano's website.
(https://www.amano.co.jp/en/ir/dl/news/2025/20250424_2.pdf).
As a result, the consolidated payout ratio will be 70.7%, the net asset dividend ratio will be 9.5%, and the total return ratio will be 93.1%.
With regard to the dividend for the next fiscal year ending March 31, 2026, in line with our "Basic Policy on Distribution of Profits" and in view of our outlook for the next fiscal year, we currently aim to pay an annual per share dividend of ¥180 (with an interim dividend of ¥55 and a year-end dividend of ¥125).
Retained earnings will be earmarked to fund effective investment aimed at the fundamental enhancement of the capacity to conduct our business operations. This will include the expansion and strengthening of existing business fields, strategic investment in growth fields, and spending on research and development, as well as the rationalization of production plants and equipment for the purpose of reducing costs and further improving product quality, etc.

2. Business Policies

Basic Management Policy
Amano's management philosophy is to create new values and contribute to the realization of a safe, comfortable and a wholesome society in the fields of "People & Time" and "People & Air."
Under this management philosophy and based on an optimal governance structure that responds to changes in the business environment, we will strive to maximize corporate value by ensuring sustained growth through the creation of new businesses and markets with a medium-to long-term global perspective, in addition to expanding our existing businesses. Furthermore, we will aim to become a company that has the trust and high regard of all the stakeholders including customers, business partner companies, shareholders, employees and local communities by constantly returning a fair profit earned through business activities.
Medium-longTerm Business Strategy
Amano launched the "9th Medium-Term Business Plan" for the three-year period from April 2023 to March 2026, and has revised the numerical targets in consideration of the business results of the current period.
The details of the plan are available on the Amano's website. （https://www.amano.co.jp/en/ir/managementpolicy/plan/）

[1] Basic policies

In the "9th Medium-Term Business Plan", we have set "The 4th Stage Towards a 100-year Company - Commitment to Paradigm Shift Leading to Sustainable Management" as our management concept.

Starting as a hardware manufacturer, we have grown as a company that provides total solutions including services such as software, cloud services, and consigned businesses, etc., in response to changing market needs and technological innovation. To further develop this trend, we will promote DX (digital transformation) in each

business field and execute strategic investments in software-based assets, IoT, AI, etc. In addition, we will improve customer convenience by enhancing the functions of standard products and further enhance our competitive advantage in terms of profitability. Furthermore, we will develop and expand our management infrastructure and work to solve social issues such as maximizing the value of human capital and reducing environmental impacts.

Under this policy, we will expand our business performance based on the three growth drivers, aiming to achieve sales of ¥180,000 million, operating profit of ¥24,500 million, operating profit margin (OPR) of 13%, and ROE of 12% in the fiscal year ending March 31, 2026, the final year of this plan.

Expansion of business performance based on the three growth drivers in the "9th Medium-Term Business Plan."

Information Systems: Software plus cloud services
Parking Systems: Proposals centric to the Data center for Systems and Management Services
Clean Systems: Robot plus cloud service proposals

[2] Numerical targets

(Major assumptions of the numerical targets)

Information Systems at non-consolidated Amano is expected to see continued investment in systems by various companies, including those in industries that are exempt from the "Work Style Reform Law" and in the public and education sectors. On the other hand, despite there would be the absence of favorable performance for new banknotes in the previous fiscal year, Parking Systems is expected to grow on a full- year basis due to continued expansion of renewal investment, which had settled down under the COVID-19, and new projects in regional areas. Environmental Systems is expected to be driven by large-scale systems which have continuing strong demands and by a recovery for general-purpose machines from the second half onwards. Clean Systems is expected to achieve earnings growth due to further expanded sales of cleaning robots.
The domestic and overseas parking management contract services business will further drive the Amano Group overall performance as a growth driver.
Amano-McGann,Inc. in North America, plans to further improve profitability through new product effects and thorough intensive management of project earnings.
The cross-shareholdings divested in the previous period, while our policy is to continue to reduce them, have only been reflected as completed divestments.
Some of the impact of U.S. trade policy has been factored in. Amano plans to revise our financial projections in a timely manner should the business environment change in the future.

							(Millions of yen)
	FY 2023	FY 2024	FY 2025	FY 2025
	(year ended	(year ended	(year ending	(year ending
	March 2024)	March 2025)	March 2026)	March 2026)
	(Results)	(Results)	(Original Plan)	(Revised)
	Amount	YoY (%)	Amount	YoY (%)	Amount	YoY (%)	Amount	YoY (%)
Net sales	152,864	15.1	175,423	14.8	168,000	(4.2)	180,000	2.6
Operating profit	19,567	23.9	23,040	17.7	23,000	(0.2)	24,500	6.3
Operating profit	12.8%	―	13.1%	―	13.7%	―	13.6%	―
ratio (%)

Ordinary profit	20,855	23.0	24,642	18.2	24,000	(2.6)	26,000	5.5
Net income
attributable to	13,141	16.4	17,828	35.7	15,500	(13.1)	18,000	1.0
owners of the

parent company

3. Basic Approach to the Selection of Accounting Standards

We have not determined a specific date for the adoption of IFRS; however, to prepare for the future adoption, we will undertake the preparations and examinations that are presently possible, and at the same time we will continue to collect and study international accounting information.

4. Consolidated Financial Statements and Primary Explanatory Notes

(1) Consolidated Balance Sheets

		(Millions of yen)
	(as of March 31, 2024)	(as of March 31, 2025)
Assets
Current assets
Cash and bank deposits	62,577	66,466
Notes and accounts receivable-trade and contract assets	36,038	38,811
Lease receivables	1,677	1,943
Marketable securities	2,725	1,355
Merchandise and finished goods	5,672	5,768
Work in process	916	889
Raw materials and supplies	8,601	8,973
Other current assets	3,075	4,477
Allowance for doubtful accounts	(393)	(567)
Total current assets	120,892	128,119
Fixed assets
Tangible fixed assets
Buildings and structures	29,355	29,902
Accumulated depreciation	(20,985)	(21,651)
Buildings and structures (net)	8,369	8,250
Machinery and vehicles	7,993	8,598
Accumulated depreciation	(7,031)	(7,488)
Machinery and vehicles (net)	961	1,110
Tools, furniture and fixtures	17,670	19,053
Accumulated depreciation	(14,980)	(15,669)
Tools, furniture and fixtures (net)	2,689	3,383
Land	5,743	5,753
Lease assets	23,094	25,140
Accumulated depreciation	(10,490)	(12,041)
Lease assets (net)	12,603	13,099
Construction in progress	728	771
Total tangible fixed assets	31,096	32,368
Intangible fixed assets
Goodwill	1,884	1,468
Software	3,241	3,458
Software in progress	1,421	2,451
Other	2,196	2,131
Total intangible fixed assets	8,742	9,509
Investments and other assets
Investment securities	16,764	17,097
Claims in bankruptcy and similar claims	471	498
Fixed leasehold deposits	1,872	1,938
Net defined benefit assets	142	131
Deferred tax assets	2,071	2,246
Other	3,007	2,929
Allowance for doubtful accounts	(476)	(501)
Total investments and other assets	23,853	24,340
Total fixed assets	63,693	66,219
Total assets	184,585	194,338