Financial Results Briefing for the Six Months Ended September 30, 2025

November 13, 2025

Prime Market/ Securities code: 6418

Content of This Material

• Consolidated Performance Highlights

• Overview of Consolidated Performance

  • Factors of changes in net sales

  • Factors of changes in operating profit

• Overview by Segment

  • Global Gaming

  • International Commercial

  • Domestic Commercial

  • Equipment for the Amusement Industry

• Full-year Consolidated Performance Forecasts

• Shareholder Returns

• Medium-Term Management Plan

  
  
  

• Reference Materials

  • Corporate profile

  • Company history

  • Stock price, PBR, ROE

  • Consolidated balance sheet

  • Status of consolidated cash flows

  • Capital investment, depreciation, research and development expenses

  • Impact of foreign exchange

  • Market shares

  • Topics－Initiatives in each business

  • Sustainability initiatives

    1

    
    
    
    
    
    
    
    
    

    Content of This Material

• Consolidated Performance Highlights

• Overview of Consolidated Performance

  • Factors of changes in net sales

  • Factors of changes in operating profit

• Overview by Segment

  • Global Gaming

  • International Commercial

  • Domestic Commercial

  • Equipment for the Amusement Industry

• Full-year Consolidated Performance Forecasts
• Shareholder Returns
• Medium-Term Management Plan
  
  
  
• Reference Materials

  • Corporate profile

  • Company history

  • Stock price, PBR, ROE

  • Consolidated balance sheet

  • Status of consolidated cash flows

  • Capital investment, depreciation, research and development expenses

  • Impact of foreign exchange

  • Market shares

  • Topics－Initiatives in each business

  • Sustainability initiatives

    2

    
    
    
    
    
    
    
    
    
    
    
    
    
    
    

    Consolidated Performance Highlights for the Six Months Ended September 30, 2025

    Consolidated results for six-month period progressed generally in line with the initial forecasts.

    • Net Sales

      Sales in the North American market remained at a high level, driven by the increase in U.S. tariffs.

      In contrast, overall net sales decreased due to waning demand in Japan following the completion of replacement demand associated with the issuance of new banknotes.

    • Operating profit

      Operating profit decreased due to a decline in sales, as well as decrease in sales of high-margin products.

    • Extraordinary income

      
      
      
      
      
      
      
      
      

      A gain on the sale of real estate at the Tokyo Head Office (approximately 3.2 billion yen) was recorded as extraordinary income.

      Net sales
      14,774 million yen	YoY 30.5%decrease

      Operating profit
      820 million yen	YoY 78.1%decrease

      Profit
      3,288 million yen	YoY 32.1%increase

      
      
      

      Unit: Millions of yen

      Unit: Millions of yen

      Unit: Millions of yen

      21,253

      13,321

      14,774

      3,755

      2,490

      3,288

      919

      820

      1,371

      Q2 FYE 3/2024

      Q2 FYE 3/2025

      Q2 FYE 3/2026

      Q2 FYE 3/2024

      Q2 FYE 3/2025

      Q2 FYE 3/2026

      Q2 FYE 3/2024

      Q2 FYE 3/2025

      Q2 FYE 3/2026

      3

      
      
      

      Content of This Material

• Consolidated Performance Highlights

• Overview of Consolidated Performance

  • Factors of changes in net sales

  • Factors of changes in operating profit

• Overview by Segment

  • Global Gaming

  • International Commercial

  • Domestic Commercial

  • Equipment for the Amusement Industry

• Full-year Consolidated Performance Forecasts
• Shareholder Returns
• Medium-Term Management Plan
  
  
  
• Reference Materials

  • Corporate profile

  • Company history

  • Stock price, PBR, ROE

  • Consolidated balance sheet

  • Status of consolidated cash flows

  • Capital investment, depreciation, research and development expenses

  • Impact of foreign exchange

  • Market shares

  • Topics－Initiatives in each business

  • Sustainability initiatives

4

Overview of Consolidated Performance for the Six Months Ended September 30, 2025

5

Overview of Consolidated Performance - Factors of changes in net sales

21,253 +473 +124

(1,956)

(1,436)

Q2 FYE 3/2026

（Q2 FYE 3/2025 66.4%）

9

Overview by Segment

Segment Net Sales

* Excluding adjustments

Segment Profit

Unit: Millions of yen

12,000

• Global Gaming ■ International Commercial ■ Domestic Commercial ■ Equipment for the Amusement Industry

10,000

8,000

6,000

4,000

5,082

4,840

4,780

4,937

2,000

0

(109) (63)

(238)

(99) (27) (131)

FYE Q1 3/2025 Q2 3/2025 Q3 3/2025 Q4 3/2025 Q1 3/2026 Q2 3/2026

FYE Q1 3/2025 Q2 3/2025 Q3 3/2025 Q4 3/2025 Q1 3/2026 Q2 3/2026

10

Overview by Segment - Global Gaming

Unit: Millions of yen

10,684

9,778

6,531

• Business overview

  The main markets are gaming areas in casino hotels in North America and small gaming venues in Europe.

  This segment sells bill validator units and printer units for installation in gaming machines, as well as system products that support labor-saving and automation in casino hotels.

  Q2 FYE 3/2024 Q2 FYE 3/2025 Q2 FYE 3/2026

  
  
  

• Main customers

  Slot machine manufacturers, casino hotels

• Performance overview

Sales of bill validator units for installation in gaming machines were driven by strong demand in North America, while lower sales in Europe acted as a restraining factor.

Unit: Millions of yen

1,075

2,287 2,214

Q2 FYE 3/2024 Q2 FYE 3/2025 Q2 FYE 3/2026

Major products

Netsalescomposition

66.2%

Printer unit

Automated cash collection

system for casino hotels

Bill validator unit

Table game system

(Equipped with bill recycling unit and printer unit)

11

Overview by Segment - International Commercial

Unit: Millions of yen

2,710

3,436

2,000

• Business overview

  This segment sells bill validator units and bill recycling units for installation in checkout machines and ticket vending machines and other equipment used in the retail, transportation, and financial markets.

• Main customers

  Manufacturers of finished products

  (Self-checkout machines, kiosk terminals, etc.)

  Q2 FYE 3/2024 Q2 FYE 3/2025 Q2 FYE 3/2026

  Operating profit
  (561) million yen	YoY -

  Unit: Millions of yen

• Performance overview

  Sales of bill recycling units for the European market decreased, while new market development projects in Central and South America have gradually begun to generate orders but have yet to make a significant contribution to overall sales.

  (137) (172)

  (561)

  Q2 FYE 3/2024 Q2 FYE 3/2025 Q2 FYE 3/2026

  
  
  
  
  
  

  Major products

  Netsalescomposition

  13.5%

  Bill recycling unit

  Automated Cash

  Register

  Bill validator unit

  12

  
  
  
  
  
  

  Overview by Segment - Domestic Commercial

  Net sales
  1,180 million yen	YoY 51.2%decrease

  Unit: Millions of yen

  2,422

  1,017

  1,180

• Business overview

  This segment sells bill validator units and bill recycling units installed in checkout machines and ticket vending machines, and other devices used in the retail, transportation, and financial markets.

• Main customers

  Manufacturers of finished products

  (Restaurant self-checkout machines, coin-operated parking systems, self-service gas stations, buses, etc.)

• Performance overview

  Sales of our products decreased following the reaction to the special replacement demand associated with the issuance of the new banknotes, while remaining at a level comparable

  Q2 FYE 3/2024 Q2 FYE 3/2025 Q2 FYE 3/2026

  Operating profit
  87 million yen	YoY 90.8%decrease

  Unit: Millions of yen

  954

  to the before the issuance during the six-month period. 87

  28

  Q2 FYE 3/2024 Q2 FYE 3/2025 Q2 FYE 3/2026

  
  
  
  
  
  

  Major products

  Netsalescomposition

  8.0%

  Bill recycling unit

  Cash & cashless

  payment machine

  Coin recycling unit

  13

  
  
  
  
  
  

  Overview by Segment - Equipment for the Amusement Industry

  Net sales
  1,814 million yen	YoY 61.5%decrease

  Unit: Millions of yen

  4,710

  Major products

  
  
  

  Netsalescomposition

  12.3%

  3,061

  1,814

  Prize POS system

  • Business overview

    This segment sells peripheral equipment for pachinko parlors, including dedicated smart gaming machine units, ball and token rental machines, and automatic token supply systems.

  • Main customers

    Pachinko parlors

    Q2 FYE 3/2024 Q2 FYE 3/2025 Q2 FYE 3/2026

    Operating profit
    (158) million yen	YoY -

    Bill transport system

  • Performance overview

    Sales of core products, including dedicated smart gaming machine units, decreased as customers continued to show restrained investment appetite due to a reactionary downturn following the special replacement demand associated with the issuance of new banknotes.

    Unit: Millions of yen

    491

    1,388

    (158)

    Prize payout machine Dedicated smart gaming

    Q2 3/2024 Q2 3/2025 Q2 3/2026

    machine unit

    14

    
    
    
    
    
    

    Content of This Material

  • Consolidated Performance Highlights
  • Overview of Consolidated Performance

    • Factors of changes in net sales

    • Factors of changes in operating profit

  • Overview by Segment

    • Global Gaming

    • International Commercial

    • Domestic Commercial

    • Equipment for the Amusement Industry

  • Full-year Consolidated Performance Forecasts

  • Shareholder Returns
  • Medium-Term Management Plan
    
    
    
  • Reference Materials

    • Corporate profile

    • Company history

    • Stock price, PBR, ROE

    • Consolidated balance sheet

    • Status of consolidated cash flows

    • Capital investment, depreciation, research and development expenses

    • Impact of foreign exchange

    • Market shares

    • Topics－Initiatives in each business

    • Sustainability initiatives

15

Full-year Consolidated Performance Forecast

• Full-year results for the current fiscal year are progressing in line with the initial forecasts for both net sales and profit.

• Outlook by Segment for the Second Half

Global Gaming

North America: Sales expected to increase, supported by a favorable market environment

Europe: Sales expected to decrease, reflecting the impact of economic conditions

International Commercial

Europe: Sales expected to decline due to inventory adjustments by customers Asia: Sales to increase driven by higher demand in transportation market North, Central and South America: Delay in entry into new markets

Domestic Commercial

Equipment for the Amusement Industry

Sales are expected to level off in the second half as the reactionary downturn subsides.

• Full-year Consolidated Performance Forecast

  Unit: Millions of yen

  Net sales	31,000
  Operating profit	1,400
  Ordinary profit	1,000
  Profit attributable to owners of parent	3,200
  Earnings per Share (EPS)	117.96 yen

  Average exchange rates	USD	146.85 yen
  	EUR	166.97 yen

  16

  
  
  
  
  
  

  Content of This Material

  • Consolidated Performance Highlights
  • Overview of Consolidated Performance

    • Factors of changes in net sales

    • Factors of changes in operating profit

  • Overview by Segment

    • Global Gaming

    • International Commercial

    • Domestic Commercial

    • Equipment for the Amusement Industry

  • Full-year Consolidated Performance Forecasts

  • Shareholder Returns

  • Medium-Term Management Plan
    
    
    
  • Reference Materials

    • Corporate profile

    • Company history

    • Stock price, PBR, ROE

    • Consolidated balance sheet

    • Status of consolidated cash flows

    • Capital investment, depreciation, research and development expenses

    • Impact of foreign exchange

    • Market shares

    • Topics－Initiatives in each business

    • Sustainability initiatives

      17

      
      
      
      
      
      
      
      
      
      
      
      

      Shareholder Returns

      • Interim Dividend for the Fiscal Year Ending March 31, 2026

        ・Interim ordinary dividend: 20 yen per share Payment start date: December 5,2025

      • Annual Dividend Forecast for the Fiscal Year Ending March 31, 2026

        ・Total annual ordinary dividend: 40 yen per share

        (Interim dividend: 20 yen per share, Year-end dividend: 20 yen per share)

        Dividend policy

        Continue performance-linked shareholder returns

        • Dividend payout ratio (consolidated): 30％ or more *1

          Interim dividend (Yen) Yen-end dividend (Yen) Commemorative dividend (Yen) Dividend payout ratio (%)

        • Ratio of dividends to net assets (consolidated): 2.0% or more

      24.5

      19.0

      23.1

      35.3

      33.7

      5.0

      9.4

      26.0

      10.0

      3.0

      7.0

      7.0

      20.0

      20.0

      14.0

      FYE 3/2022 3/2023 3/2024 3/2025 3/2026 (Forecast)

      *2 *3

      Ratio of dividends to net assets (%)

      *1 May be determined excluding the impact of very short-term profit fluctuation factors.

      *2 Purchased treasury shares (1.9 billion yen) in February 2024.

      *3 Purchased treasury shares (1.5 billion yen) in May 2024.

      0.7 1.2 2.7 4.5 -

      18

      
      
      
      
      
      
      
      
      

      Content of This Material

  • Consolidated Performance Highlights
  • Overview of Consolidated Performance

    • Factors of changes in net sales

    • Factors of changes in operating profit

  • Overview by Segment

    • Global Gaming

    • International Commercial

    • Domestic Commercial

    • Equipment for the Amusement Industry

  • Full-year Consolidated Performance Forecasts
  • Shareholder Returns

  • Medium-Term Management Plan

    
    
    
  • Reference Materials

    • Corporate profile

    • Company history

    • Stock price, PBR, ROE

    • Consolidated balance sheet

    • Status of consolidated cash flows

    • Capital investment, depreciation, research and development expenses

    • Impact of foreign exchange

    • Market shares

    • Topics－Initiatives in each business

    • Sustainability initiatives

      19

      
      
      
      
      
      
      
      
      

      Medium-Term Management Plan

      ■Medium-Term Management Plan "JCM Global Vision 2032" (Fiscal Years 2023-2025)

      The Company is currently reviewing the plan. Once finalized, the revised plan will be announced in a timely manner.

      Fiscal year ended March 31, 2025: Major factors for increase

      ・Upside from special replacement demand associated with the issuance of new banknotes

      ・Special demand for units dedicated to smart gaming machines

      
      
      

      JCM Global Vision 2032 -

      Net Sales

      Sales Target Actual Sales

      Fiscal year ending March 31, 2026: Major factors for decrease

      ・Reactionary decline following special replacement demand associated

      Target for Fiscal Year 2032

      (Millions of yen)

      60,000－

      50,000－

      Operating Profit Target

      Actual Operating Profit

      with the issuance of new banknotes

      ・Delay in entry into new markets in the International Commercial segment and sluggish sales in the European market

      ・End of special demand for units dedicated to smart gaming machines

      Forecast for the Fiscal Year Ending March 31,2026

      55,000

      Operating Profit (Millions of yen)

      －6,000

      40,000－

      30,000－

      25,258

      25,258

      Initial Target

      Targe

      500

      28,600

      31,610

      2,839

      38,815

      35,000

      2,625

      38,500

      4,910

      3,080

      31,000

      5,500

      －4,000

      －2,000

      20,000－

      17,010

      20,040

      568

      622

      Initial t

      1,

      1,400

      －0

      10,000－

      0

      (2,589)

      FYE3/2021 3/2022 3/2023 3/2024 3/2025 3/2026

      3/2033

      －(2,000)

      (4,000)

      20

      
      
      
      
      
      
      
      
      

      Content of This Material

  • Consolidated Performance Highlights
  • Overview of Consolidated Performance

    • Factors of changes in net sales

    • Factors of changes in operating profit

  • Overview by Segment

    • Global Gaming

    • International Commercial

    • Domestic Commercial

    • Equipment for the Amusement Industry

  • Full-year Consolidated Performance Forecasts
  • Shareholder Returns
  • Medium-Term Management Plan

  • Reference Materials

    • Corporate profile

    • Company history

    • Stock price, PBR, ROE

    • Consolidated balance sheet

    • Status of consolidated cash flows

    • Capital investment, depreciation, research and development expenses

    • Impact of foreign exchange

    • Market shares

    • Topics－Initiatives in each business

    • Sustainability initiatives

21

Reference Materials - Corporate profile

Securities firms

Less than 1

Less than 5 units Less than 10

Treasury shares

0.93% 8.58%

Financial

institutions

Treasury shares

unit 0.09％

8.89%

units 4.31%

Less than 50

17.17%

Foreign corporations, etc.

3.53%

Business corporations

Distribution of shares by shareholder

Individuals

8.58%

5,000 units or more 38.20%

Less than

Distribution of shares

by number of shares owned

units 14.12%

Less than 100 units

5.00%

Less than 500

units

and other corporations 19.61%

and other 50.18%

5,000 units

7.01%

10.16%

Less than 1,000 units

3.57%

(Notes) 1. Although the Company holds 2,545,490 treasury shares (As of September 30, 2025), it is excluded from the list of major shareholders above.

2. The percentage of shares held has been calculated by deducting treasury shares.

22

Reference Materials - Company history

Our History

Since our establishment in 1955, we have engaged in the highly specialized field of money-handling machine manufacturing. We have endeavored to seamlessly connect "people to people" and "people to money."

We will provide new value as a money circulation specialist on the global stage, and as a company with worldwide operations we will continue to meet the expectations and maintain the trust of people around the world.

2000s

Development of the money-handling machine business in

2010s

Pursuing core validation and transportation technologies to lead advanced technological innovation

In our Global Gaming and

2020 onward

In pursuit of commercial business expansion, new subsidiaries were established to actively grow the business and develop it into a core source of earnings.

To establish an optimal production structure, we set up a new

Western markets/Response to the Equipment for the Amusement

manufacturing subsidiary (plant) in the

(Millions of yen)

Trends in net sales ■ Non-consolidated net sales ■ Consolidated net sales

need for amusement industry-related equipment

We started selling bill validators

Industry businesses, we have leveraged the products, markets, customers, and assets acquired

Philippines. In addition, with the aim of

making our Commercial Business a second core business following Gaming, we established new sales subsidiaries

40,000

for multinational bills. Sales of

through business acquisitions and in North America (Chicago) and South

35,000

30,000

25,000

20,000

15,000

10,000

5,000

1960s-1970s

Trend toward computerization/inlining

As department stores and supermarkets got larger, cash registers were replaced by computer terminals for sales

totalizing. Due to the excellent cash register functions of our products, OEM demand from computer manufacturers was strong.

1980s-1990s

From applications for validation/counting technologies to development/utilization of proprietary technologies

We aimed to develop new products by combining our inherent know-how in such areas as validation, counting, and sorting. In this vein, we brought to market an automatic conveyor system for pachislot tokens based on proprietary coin conveying and other technologies.

Such developments solidified our position in the amusement industry.

equipment for the amusement industry business also grew steadily, be ing another pillar of earnings.

transfers and enjoyed the

synergies while establishing ourselves as a comprehensive component supplier. We aim to develop our commercial business into a solid source of earnings by aggressively expanding into undeveloped markets.

America (Brazil). We also launched production and sales of the MRX bill recycling unit, a key product for the International commercial market. The MRX has been adopted in self-checkout systems and ticket vending machine r railways and other transpor on systems worldwide.

1955 1960 1970 1980 1990 2000 2010

2020

2024 (FY)

1955

1959

1981

1988

1999

2010 2014 2020 2022

Company established Started manufacturing

Started manufacturing

Established a subsidiary in

Established a subsidiary in

Acquired and included a

Started operations at the newly manufacturing and sales company of printer Established a manufacturing

Established subsidiaries in the USA

cash registers

bill validators

USA

Europe

established Tokyo office

units for gaming markets as a subsidiary

subsidiary in the Philippines

and Brazil

23

Reference Materials - Stock price, PBR, ROE

Stock price trend

Nikkei Stock Average

(Nikkei Stock Average, yen） (The Company, yen)

60,000

50,000

40,000

30,000

20,000

10,000

0

1,800

1,600

1,400

1,200

1,000

800

600

400

200

0

2021年4月1日 2021年10月1日 2022年4月1日 2022年10月1日 2023年4月1日 2023年10月1日 2024年4月1日 2024年10月1日 2025年4月1日 2025年10月1日

The Company

Mar.31,2021 Sep.30,2021 Mar.31,2022 Sep.30,2022 Mar.31,2023 Sep.30,2023 Mar.31,2024 Sep.30,2024 Mar.31,2025 Sep.30,2025

P B R

0.81 times（As of Sep.30,2025）

1.29

RO E

12.6％ （As of Mar.31,2025）

12.5

11.8

12.6

Standard values for sustainable

maintenance and improvement

1.0 times or more

1.0 times

0.89

0.85

0.85 0.87

0.81

Medium-term management plan targets

8％ or more

2.7

As of As of As of As of As of As of

Mar.31, Sep.30, Dec.31, Mar.31, Jun.30, Sep.30, 2024 2024 2024 2025 2025 2025

As of As of As of As of As of

Mar.31, Mar.31, Mar.31, Mar.31, Mar.31, 2021 2022 2023 2024 2025

24

Reference Materials - Consolidated balance sheet

• Assets / liabilities and net assets: +330 million yen

25

Reference Materials - Status of consolidated cash flows

Unit: Millions of yen

• Main factors of the change

  ・Cash flows from operating activities increased due to efforts to improve production and sales efficiency and progress in inventory reduction.

  ・Cash flows from investing activities increased due to proceeds from the sale of property, plant and equipment.

  ・Cash flows from financing activities resulted in net outflows due to repayments of long-term borrowings and dividend payments.

  +2,674

  +2,962

  (1,779)

  (444)

  20,870

  17,457

  Freecashflows

  投資活動に よる

  キャッシュ ・フロー

  現金及び同 等物に

  係る換算差 額

  +5,636

  現金及び同 等物の

  期首残高

  営業活動に よる

  キャッシュ ・フロー

  Beginning Balance of Cash and Cash Equivalents

  Operating Cash flow

  Investing Cash flow

  Financing Cash flow

  財務活動に よる

  キャッシュ ・フロー

  Q2 FYE 3/2026

  Effect of exchange rate changes

  Ending Balance of Cash and Cash Equivalents

  現金及び同 等物の

  期末残高

  26

  
  
  
  
  
  

  Reference Materials - Capital investment, depreciation, research and development expenses

  First half Full year (Millions of yen)

  First half Full year (Millions of yen)

  1,035

  938

  818

  733

  598

  571

  575

  523

  354

  388

  254

  304

  87

  175

  191

  244

  244

  91

  105

  176

  FYE 3/2022

  3/2023

  3/2024

  3/2025

  3/2026 (Plan)

  FYE 3/2022

  3/2023

  3/2024

  3/2025

  3/2026 (Plan)

  Depreciation

  (excluding goodwill）

  Capital investment

  
  
  
  
  
  

  1,396

  1,341

  1,526

  1,712

  1,718

  590

  663

  740

  876

875

R&D expenses as a percentage

of net sales

6.7

First half

Full year (Millions of yen)

Percentage of net sales (%)

5.5

5.5

4.8

4.5

FYE 3/2022

3/2023

3/2024

3/2025

3/2026 (Plan)

27

Reference Materials - Impact of foreign exchange

28

Reference Materials - Market shares

*Share of each product is based on our estimates

International Commercial

＜25％

Bill recycling unit

• Competing companies

・Innovative Technology (UK)

・Crane payment innovations

(MEI, Cash Code, Money Control (USA) )

Global Gaming

Printer unit

Bill validator unit

70%

Global market 60%

• Competing companies

・Transact (USA)

・Nanoptix (CAN)

• Competing companies

  ・Crane payment innovations (MEI, Cash Code, Money Control (USA))

  ・Innovative Technology (UK)

  Domestic Commercial

  Bill recycling unit

  Coin recycling unit

  ＞50％

  • Competing companies

  ・GLORY LTD.

  ・Takamisawa Cybernetics Co., Ltd.

  
  
  

  Equipment for the Amusement Industry

  Dedicated smart gaming machine units Prize POS system

  10％

  • Competing companies

・Nippon Game Card Corporation

・DAIKOKU DENKI Co., Ltd.

・GLORY NASCA Ltd.

29