Citizen Watch : FY2025 Consolidated Financiall Results

May 13, 2026

Company name: CITIZEN WATCH CO., LTD. Listing: Tokyo Stock Exchange Securities code: 7762

URL: https://www.citizen.co.jp/global Representative: Yoshitaka Oji, President and CEO

Inquiries: Keiichi Kobayashi, Director, In charge of Public & Investor Relations Department Telephone: +81-42-468-4934

Scheduled date of annual general meeting of shareholders: June 24, 2026 Scheduled date to commence dividend payments: June 25, 2025 Scheduled date of release of fiscal 2024 Business Report: June 23, 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 year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 346,808 316,885	% 9.4 1.3	Millions of yen 30,250 20,592	% 46.9 (17.9)	Millions of yen 38,456 23,024	% 67.0 (25.3)	Millions of yen 31,100 23,876	% 30.3 4.0

      Note: Comprehensive income For the year ended March 31, 2026: ¥48,257 million [159.9%]

      For the year ended March 31, 2025: ¥18,567 million [(59.4%)]

      	Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Ratio of operating profit to net sales
      Fiscal year ended March 31, 2026 March 31, 2025	Yen 127.48 97.91	Yen - -	% 11.3 9.5	% 8.7 5.5	% 8.7 6.5

      Reference: Equity in earnings of unconsolidated subsidiaries and affiliates: As of March 31, 2026: ¥ 1,814 million

      As of March 31, 2025: ¥ 940 million

   2. Consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of	Millions of yen	Millions of yen	%	Yen
      March 31, 2026	468,303	302,132	62.6	1,201.61
      March 31, 2025	415,552	264,147	61.6	1,049.41

      Reference: Shareholder's Equity

      As of March 31, 2026: ¥293,184 million As of March 31, 2025: ¥255,918 million

   3. Consolidated cash flows

      	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
      Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
      March 31, 2026	38,822	(15,478)	(17,668)	103,986
      March 31, 2025	35,765	(10,032)	(12,542)	92,597

2. Cash dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen - -	Yen	Yen - -	Yen	Yen	Millions of yen 10,992 11,491	%	%
   Fiscal year ended March 31, 2025		22.50		22.50	45.00		46.0	4.4
   Fiscal year ended March 31, 2026		23.50		23.50	47.00		36.9	4.2
   Fiscal year ending March 31, 2027 (Forecast)	-	25.00		25.00	50.00		44.4

3. Projected Consolidated Results for the Year ending March 31, 2027

(Percentages indicate year-on-year changes.)

1. Significant changes in the scope of consolidation during the period: Yes Newly included: 1 company (Manufacture Arnold & Son-Angelus SA) Excluded: - company ( - )

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

1. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

   2. Number of treasury stock at the end of period

   3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended	Millions of yen 100,606 95,268	%	Millions of yen	%	Millions of yen 15,793 19,875	%	Millions of yen 21,525 23,417	%
   March 31, 2026		5.6	(99)	-		(20.5)		(8.1)
   March 31, 2025		(0.0)	(28)	-		(32.3)		(18.1)

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen - -
   March 31, 2026	88.23
   March 31, 2025	96.03

2. Non-consolidated financial position

Reference: Equity

As of March 31, 2026: ¥144,086 million As of March 31, 2025: ¥132,073 million

• Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters

Statements above relating to financial forecasts are based on information available to the Company and certain assumptions the Company considers reasonable as of the date of the announcement of these statements. Actual results may differ materially from these forecasts, depending on a variety of factors.

Please refer to the attached "Explanation of the Consolidated Earnings Projections and Other Forecasts" on page 8 for assumptions underlying the above forecasts and precautions regarding their use.

• Contents of Attachment

1. OVERVIEW OF OPERATING RESULTS AND FINANCIAL POSITION 6

   1. Overview of Operating Results for the Fiscal Year Ended March 31, 2026 6

   2. Overview of Financial Position for the Fiscal Year Ended March 31,2026 7

   3. Overview of Cash flow for the Fiscal Year Ended March 31,2026 7

   4. Explanation of the Consolidated Earnings Projections and Other Forecasts 8

2. FUNDAMENTAL VIEWS ON SELECTING ACCOUNTING STANDARDS 9
3. CONSOLIDATED FINANCIAL STATEMENTS AND PRIMARY NOTES 10

   1. Consolidated balance sheet 10

   2. Consolidated statement of income and Consolidated statement of comprehensive income 12

   3. Consolidated Statements of Changes in Equity 14

   4. Consolidated Statement of Cash Flow 16

   5. Notes on the Consolidated Financial Statements 17