Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)

February 6, 2026

Company name: Japan Cash Machine Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 6418

URL: https://www.jcm-hq.co.jp

Representative: Yojiro Kamihigashi, President and Representative Director Inquiries: Tsuyoshi Takagaki, Executive Director and Senior Executive Officer,

Executive General Manager of Corporate Planning Division

Telephone: +81-6-6643-8400

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes (List on HP)

Holding of financial results briefing: No

(All amounts are rounded down to the nearest millions)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2025 (April 1, 2025 to December 31, 2025)
   1. Consolidated Operating Results (cumulative) (Percentage figures indicate year-on-year changes)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      December 31, 2025	23,430	(22.7)	2,285	(52.4)	3,111	(37.0)	4,976	21.5
      December 31, 2024	30,329	36.1	4,802	140.4	4,936	109.2	4,096	143.0

      Note: Comprehensive income	Nine months ended December 31, 2025:	¥4,389 million	[3.3%]
      	Nine months ended December 31, 2024:	¥4,247 million	[17.2%]

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	183.69	-
      December 31, 2024	151.36	-

   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
   December 31, 2025	50,240	35,131	69.9	1,295.08
   March 31, 2025	49,385	32,031	64.9	1,189.39

   Reference: Equity

   As of December 31, 2025: ¥35,131 million As of March 31, 2025: ¥32,031 million

2. Cash Dividends

   	Annual dividends per share
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	14.00	-	36.00	50.00
   Fiscal year ending March 31, 2026	-	20.00	-
   Fiscal year ending March 31, 2026 (Forecast)				20.00	40.00

   Notes: 1. Revisions to the most recently announced dividend forecast: None

   2. Breakdown of the year-end dividend for the fiscal year ended March 31, 2025 :

   Ordinary dividend 26.00 yen

   Commemorative dividend 10.00 yen

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 to March 31, 2026)

(Percentage figures indicate the changes from the corresponding period of the previous year)

Note: Revisions to the most recently announced earnings forecast: Yes

1. Significant changes in the scope of consolidation during the period under review: None

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

3. 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 other than (i): None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of issued shares (common shares)

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

      As of December 31, 2025	29,672,651 shares
      As of March 31, 2025	29,672,651 shares

   2. Number of treasury shares at the end of the period

      As of December 31, 2025	2,546,030 shares
      As of March 31, 2025	2,741,926 shares

   3. Average number of shares outstanding during the period

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters (Caution regarding forward-looking statements)

The earnings forecasts and other forward-looking statements contained in this document are based on information currently available to the Company and certain assumptions that the Company deems reasonable. However, the Company does not guarantee the achievement of these forecasts. Actual results may differ significantly from these forecasts due to various factors. For details regarding the above forecasts, please refer to page 4 of the attached materials.

Index

1. Overview of Operating Results
   1. Overview of Operating Results for the Period Under Review

      During the nine months ended December 31, 2025, the global economy continued to face an uncertain outlook. This was due to the prolonged geopolitical risks arising from unstable international conditions and the impact of U.S. trade policy.

      In the global gaming market, which is the Group's primary market, sales of its core products remained at a high level. This was supported by steady demand from casino hotels and other facilities in the North American region. Meanwhile, in the international commercial market, customers continued to adjust their inventories due to the impact of the economic slowdown, mainly in Europe, although market development efforts in the Asian region have progressed and begun to generate results. In addition, in both the domestic commercial market and the market for equipment for the amusement industry, product sales declined due to a reactionary decline following the special replacement demand associated with the issuance of new banknotes in the previous fiscal year. As a result, overall product sales in these markets fell below the level of the same period of the previous fiscal year during the nine-month period under review.

      As a result of the above, net sales for the nine months ended December 31, 2025 amounted to 23,430 million yen (down 22.7% YoY), operating profit was 2,285 million yen (down 52.4% YoY), and due to the recording of foreign exchange gains associated with the depreciation of the yen, ordinary profit was 3,111 million yen (down 37.0% YoY). Meanwhile, profit attributable to owners of parent was 4,976 million yen (up 21.5% YoY), mainly due to the recording of gain on sale of non-current assets as extraordinary income in the second quarter.

      During the nine months ended December 31, 2025, the average exchange rates were 147.80 yen to the U.S. dollar (151.63 yen in the same period of the previous fiscal year) and 165.63 yen to the euro (164.70 yen in the same period of the previous fiscal year). The exchange rate applied for mark-to-market valuation as of the end of the third quarter of the consolidated fiscal year was 156.53 yen to the U.S. dollar (158.18 yen at the end of the previous fiscal year).

      Operating results by segment are as follows.

      1. Global Gaming

         Net sales in this segment totaled 15,794 million yen (down 3.7% YoY), mainly due to continued strong sales of bill validator units for gaming machines in North America, while sales to Europe declined. On the profit side, segment profit amounted to 3,859 million yen (up 7.3% YoY), primally due to increased sales of high-margin products.

      2. International Commercial

         Net sales in this segment totaled 3,270 million yen (down 29.0% YoY), mainly due to a decline in sales of bill recycling units, particularly in Europe. On the profit side, the segment posted a loss of 437 million yen (a segment loss of 411 million yen was recorded in the same period of the previous fiscal year), primarily due to the continued upfront investments, including research and development for new products.

      3. Domestic Commercial

         Net sales in this segment totaled 1,648 million yen (down 50.3% YoY) and segment profit was 4 million yen (down 99.6% YoY). These results were mainly due to a reactionary decline following the special replacement demand associated with the issuance of new banknotes, which led to a decrease in sales of core products such as bill recycling units.

      4. Equipment for the Amusement Industry

         Net sales in this segment totaled 2,716 million yen (down 54.8% YoY) and the segment posted a loss of 26 million yen (a segment profit of 1,536 million yen was recorded in the same period of the previous fiscal year). These results were mainly due to a reactionary decline following the special replacement demand associated with the issuance of new banknotes, as well as a decrease in sales of high-margin units for smart gaming machines and related peripheral equipment.

   2. Overview of Financial Position for the Period Under Review
      1. Assets, Liabilities and Net Assets

         Total assets at the end of the third quarter of the current consolidated fiscal period increased by 854 million yen compared to the end of the previous consolidated fiscal year, amounting to 50,240 million yen.

         Total current assets increased by 1,255 million yen compared to the end of the previous consolidated fiscal year, amounting to 42,721 million yen. While "Cash and deposits" increased by 1,253 million yen and "Securities" increased by 3,657 million yen, inventories decreased by 3,398 million yen.

         Total non-current assets decreased by 385 million yen compared to the end of the previous consolidated fiscal year, amounting to 7,431 million yen. While "Other" under investments and other assets increased by 1,141 million yen due to purchase of investment securities, "Property, plant and equipment" decreased by 1,515 million yen due to the sale of the Tokyo Head Office building.

         Total deferred assets decreased by 15 million yen compared to the end of the previous consolidated fiscal year, amounting to 86 million yen due to amortization of bond issuance costs.

         Total current liabilities decreased by 1,583 million yen compared to the end of the previous consolidated fiscal year, amounting to 6,485 million yen. While "Income taxes payable" increased by 318 million yen, "Notes and accounts payable - trade" decreased by 1,097 million yen and "Current portion of long-term borrowings" decreased by 300 million yen, due to loan repayments.

         Total non-current liabilities decreased by 661 million yen compared to the end of the previous consolidated fiscal year, amounting to 8,623 million yen. "Long-term borrowings" decreased by 870 million yen due to loan repayments.

         Total net assets increased by 3,100 million yen compared to the end of the previous consolidated fiscal year, amounting to 35,131 million yen. While "Retained earnings" increased by 3,464 million yen due mainly to the recording of profit attributable to owners of the parent and "Treasury shares" decreased by 281 million yen due to the disposal of treasury shares as restricted share-based remuneration, "Foreign currency translation adjustment" decreased by 959 million yen due to the valuation of overseas subsidiaries at fair value.

      2. Cash Flows

         Cash and cash equivalents (hereinafter referred to as "cash") for the nine months ended December 31, 2025, increased by 4,157 million yen compared to the end of the previous consolidated fiscal year, amounting to 21,614 million yen.

         The status of each cash flow and their factors for the nine months ended December 31, 2025, are as follows.

         Cash flows from operating activities

         Net cash provided by operating activities was 4,253 million yen (net cash provided of 4,996 million yen in the same period of the previous fiscal year). This was mainly due to an increase in cash resulting from profit before income taxes of 6,387 million yen and a decrease in inventories of 3,083 million yen, while cash decreased due to loss (gain) on sale and retirement of property, plant and equipment of 3,256 million yen, a decrease in trade payables of 1,042 million yen and income taxes paid of 781 million yen.

         Cash flows from investing activities

         Net cash provided by investing activities was 2,478 million yen (net cash used of 191 million yen in the same period of the previous fiscal year). This was mainly due to proceeds from sales of property, plant and equipment of 5,112 million yen, while cash decreased due to purchase of investment securities of 2,088 million yen and purchase of property, plant and equipment of 711 million yen.

         Cash flows from financing activities

         Net cash used in financing activities was 2,778 million yen (net cash used of 2,427 million yen in the same period of the previous fiscal year). This was mainly due to repayments of long-term borrowings of 1,170 million yen and dividends paid of 1,509 million yen.

         In addition to these items, there was an increase of 203 million yen in cash resulting from the effect of exchange rate changes on cash and cash equivalents.

   3. Information on consolidated earnings forecasts and other forward-looking statements

   The consolidated earnings forecast has been revised from the full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, which was announced on May 9, 2025.

   For details, please refer to the " Notice Concerning Revisions to Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026", which has been separately disclosed today.

2. Quarterly Consolidated Financial Statements and Major Notes

1. Quarterly Consolidated Balance Sheet

   		(Thousands of yen)
   As of March 31, 2025		As of December 31, 2025
   Assets
   Current assets
   Cash and deposits	17,457,475	18,711,169
   Notes and accounts receivable - trade, and contract assets	5,413,792	4,939,167
   Electronically recorded monetary claims - operating	654,606	552,429
   Securities	39,935	3,697,765
   Merchandise and finished goods	10,636,484	8,283,677
   Work in process	727,067	768,297
   Raw materials and supplies	5,698,136	4,611,703
   Other	971,700	1,291,079
   Allowance for doubtful accounts	(133,364)	(133,768)
   Total current assets	41,465,835	42,721,522
   Non-current assets
   Property, plant and equipment	4,080,651	2,565,198
   Intangible assets	195,617	177,388
   Investments and other assets
   Other	3,613,220	4,754,681
   Allowance for doubtful accounts	(72,635)	(65,548)
   Total investments and other assets	3,540,584	4,689,133
   Total non-current assets	7,816,854	7,431,720
   Deferred assets	102,342	86,775
   Total assets	49,385,032	50,240,018
   Liabilities
   Current liabilities
   Notes and accounts payable - trade	2,201,881	1,104,150
   Current portion of long-term borrowings	1,500,000	1,200,000
   Income taxes payable	485,210	803,265
   Provision for bonuses	443,928	160,331
   Provision for bonuses for directors (and other officers)	46,000	5,000
   Other	3,391,399	3,212,443
   Total current liabilities	8,068,419	6,485,189
   Non-current liabilities
   Bonds payable	6,000,000	6,000,000
   Long-term borrowings	3,120,000	2,250,000
   Other	165,587	373,770
   Total non-current liabilities	9,285,587	8,623,770
   Total liabilities	17,354,006	15,108,960
   Net assets
   Shareholders' equity
   Share capital	2,220,316	2,220,316
   Capital surplus	2,760,065	2,700,615
   Retained earnings	27,469,657	30,934,395
   Treasury shares	(3,913,131)	(3,631,383)
   Total shareholders' equity	28,536,908	32,223,944
   Accumulated other comprehensive income
   Valuation difference on available-for-sale securities	270,332	642,542
   Foreign currency translation adjustment	3,223,784	2,264,571
   Total accumulated other comprehensive income	3,494,117	2,907,113
   Total net assets	32,031,025	35,131,057
   Total liabilities and net assets	49,385,032	50,240,018

2. Quarterly Consolidated Statement of Income and Comprehensive Income Quarterly Consolidated Statement of Income

   		(Thousands of yen)
   Nine months ended December 31, 2024		Nine months ended December 31, 2025
   Net sales	30,329,944	23,430,453
   Cost of sales	17,823,340	13,603,379
   Gross profit	12,506,604	9,827,073
   Selling, general and administrative expenses	7,703,921	7,541,324
   Operating profit	4,802,683	2,285,748
   Non-operating income
   Interest income	25,247	209,961
   Dividend income	39,479	72,168
   Foreign exchange gains	248,456	572,567
   Other	23,828	83,869
   Total non-operating income	337,012	938,567
   Non-operating expenses
   Interest expenses	75,965	75,000
   Bad debt expenses	58,257	-
   Other	69,302	37,942
   Total non-operating expenses	203,525	112,942
   Ordinary profit	4,936,170	3,111,373
   Extraordinary income
   Gain on sale of non-current assets	90,025	3,277,057
   Gain on sale of investment securities	399	-
   Gain on sale of shares of subsidiaries and associates	18,991	9,066
   Other	-	10,822
   Total extraordinary income	109,417	3,296,945
   Extraordinary losses
   Loss on retirement of non-current assets	0	20,708
   Loss on sale of investment securities	-	250
   Loss on liquidation of subsidiaries and associates	2,914	-
   Total extraordinary losses	2,914	20,959
   Profit before income taxes	5,042,672	6,387,359
   Income taxes - current	859,195	1,185,363
   Income taxes - deferred	87,354	225,208
   Total income taxes	946,550	1,410,572
   Profit	4,096,122	4,976,787
   Profit attributable to owners of parent	4,096,122	4,976,787

   Quarterly Consolidated Statement of Comprehensive Income

   		(Thousands of yen)
   Nine months ended December 31, 2024		Nine months ended December 31, 2025
   Profit	4,096,122	4,976,787
   Other comprehensive income
   Valuation difference on available-for-sale securities	2,641	372,209
   Foreign currency translation adjustment	168,342	(959,213)
   Share of other comprehensive income of entities accounted for using equity method	(19,151)	-
   Total other comprehensive income	151,832	(587,003)
   Comprehensive income	4,247,955	4,389,783
   Comprehensive income attributable to
   Comprehensive income attributable to owners of parent	4,247,955	4,389,783
   Comprehensive income attributable to non-controlling interests	-	-

3. Quarterly Consolidated Statements of Cash Flows

   		(Thousands of yen)
   Nine months ended December 31, 2024		Nine months ended December 31, 2025
   Cash flows from operating activities
   Profit before income taxes	5,042,672	6,387,359
   Depreciation	376,797	462,944
   Increase (decrease) in provisions	(199,372)	(313,378)
   Interest and dividend income	(64,727)	(282,129)
   Interest expenses	75,965	75,000
   Foreign exchange losses (gains)	(208,281)	(554,785)
   Loss (gain) on sale and retirement of property, plant and equipment	(90,025)	(3,256,348)
   Loss (gain) on sale of investment securities	(399)	250
   Loss (gain) on sale of shares of subsidiaries and associates	(18,991)	(9,066)
   Loss (gain) on liquidation of subsidiaries and associates	2,914	(8,832)
   Loss (gain) on sale of golf club membership	-	(1,990)
   Share of loss (profit) of entities accounted for using equity method	10,471	-
   Decrease (increase) in trade receivables	(462,003)	386,394
   Decrease (increase) in inventories	2,514,944	3,083,679
   Increase (decrease) in trade payables	(1,728,484)	(1,042,186)
   Decrease (increase) in consumption taxes refund receivable	603,326	88,057
   Other, net	(90,706)	(199,450)
   Subtotal	5,764,099	4,815,520
   Interest and dividends received	64,211	281,611
   Interest paid	(61,053)	(62,670)
   Income taxes paid	(770,304)	(781,267)
   Net cash provided by (used in) operating activities	4,996,953	4,253,193
   Cash flows from investing activities
   Net decrease (increase) in short-term investment securities	23,657	34,739
   Purchase of property, plant and equipment	(304,209)	(711,799)
   Proceeds from sale of property, plant and equipment	116,762	5,112,294
   Purchase of intangible assets	(24,757)	(3,335)
   Purchase of investment securities	(1,494)	(2,088,961)
   Proceeds from sale of investment securities	753	3,000
   Proceeds from sale of shares of subsidiaries and associates	21,670	142,258
   Payments of guarantee deposits	(24,327)	(10,830)
   Proceeds from sale of golf club membership	-	2,000
   Other, net	100	(403)
   Net cash provided by (used in) investing activities	(191,843)	2,478,960
   Cash flows from financing activities
   Proceeds from long-term borrowings	1,200,000	-
   Repayments of long-term borrowings	(1,050,000)	(1,170,000)
   Dividends paid	(910,161)	(1,509,354)
   Repayments of lease liabilities	(90,758)	(98,969)
   Purchase of treasury shares	(1,576,528)	(102)
   Net cash provided by (used in) financing activities	(2,427,448)	(2,778,427)
   Effect of exchange rate change on cash and cash equivalents	148,091	203,511
   Net increase (decrease) in cash and cash equivalents	2,525,752	4,157,237
   Cash and cash equivalents at beginning of period	12,522,582	17,457,475
   Cash and cash equivalents at end of period	15,048,335	21,614,713

4. Notes to Quarterly Consolidated Financial Statements Segment Information, etc.

1. Nine months ended December 31, 2024 (April 1, 2024 to December 31,2024)

   Information on amounts of net sales, profit and loss for each reportable segment

   (Thousands of yen)

   	Reportable segments					Adjustment (Note)	Amount recorded in quarterly consolidated financial statements
   	Global gaming	International commercial	Domestic commercial	Equipment for amusement industry	Total
   Sales
   Net sales to external customers	16,395,275	4,604,752	3,314,857	6,015,060	30,329,944	-	30,329,944
   Inter-segment net sales and transfer	-	-	-	-	-	-	-
   Total	16,395,275	4,604,752	3,314,857	6,015,060	30,329,944	-	30,329,944
   Segment profit (loss)	3,597,935	(411,446)	1,130,677	1,536,173	5,853,340	(1,050,656)	4,802,683

   (Note) Adjustment on segment profit (loss) reflects corporate-wide expenses not allocated to each reportable segment.

2. Nine months ended December 31, 2025 (April 1, 2025 to December 31,2025)

Information on amounts of net sales, profit and loss for each reportable segment

(Thousands of yen)

(Note) Adjustment on segment profit (loss) reflects corporate-wide expenses not allocated to each reportable segment.

Based on a resolution of the Board of Directors held on February 6, 2025, the Company disposed of 163,000 treasury shares on May 30,2025, as restricted share-based remuneration for the employee stock ownership association. In addition, based on a resolution of the Board of Directors held on July 15, 2025, the Company disposed of 34,500 treasury shares on August 14, 2025, as restricted share-based remuneration. As a result, during the nine months ended December 31, 2025, capital surplus decreased by 59,450 thousand yen, and treasury shares decreased by 281,747 thousand yen, including the increase due to the purchase of shares constituting less than one unit. Accordingly, as of the end of the third quarter of the current consolidated fiscal year, capital surplus totaled 2,700,615 thousand yen, and treasury shares totaled 3,631,383 thousand yen.

Not applicable.