JVCKENWOOD : Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Under IFRS)

May 1, 2026

Company name: JVCKENWOOD Corporation

Listing: Prime Market of the Tokyo Stock Exchange Securities code: 6632

URL: https://www.jvckenwood.com/en.html

Representative: EGUCHI Shoichiro, Representative Director of the Board, Chairman and CEO Inquiries: MIYAMOTO Masatoshi, Representative Director of the Board, Executive Vice

President, CFO

Telephone: +81-45-444-5232

Scheduled date of annual general meeting of shareholders: June 24, 2026 Scheduled date to commence dividend payments: May 27, 2026 Scheduled date to file annual securities report: June 22, 2026 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for analysts and institutional investors)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Revenue		Core operating income*		Operating profit		Profit before tax
      Fiscal year ended March 31, 2026 March 31, 2025	Million yen 356,865 370,308	% -3.6 3.0	Million yen 20,880 25,307	% -17.5 28.4	Million yen 20,540 21,792	% -5.7 19.6	Million yen 21,660 23,490	% -7.8 28.7

      *Core operating income is calculated by deducting cost of sales, selling and general administrative expenses from revenue, and does not include other income, other expenses, and foreign exchange gains and losses, which are nonrecurring items that mainly occur temporarily.

      	Profit attributable to owners of parent		Total comprehensive income		Basic earnings per share	Diluted earnings per share
      Fiscal year ended March 31, 2026 March 31, 2025	Million yen 16,787 20,276	% -17.2 55.8	Million yen 30,257 17,822	% 69.8 -32.2	Yen 115.21 135.17	Yen 111.62 134.07

      	Return on equity attributable to owners of parent	Ratio of profit before tax to total assets	Ratio of operating profit to revenue
      Fiscal year ended	%	%	%
      March 31, 2026	12.5	6.6	5.8
      March 31, 2025	16.9	7.5	5.9

      Reference: Share of profit (loss) of investments accounted for using equity method For the fiscal year ended March 31, 2026: 1,569 million yen

      For the fiscal year ended March 31, 2025: 1,968 million yen

   2. Consolidated Financial Position

      	Total assets	Total equity	Equity attributable to owners of parent	Ratio of equity attributable to owners of parent to total assets	Equity attributable to owners of parent per share
      As of	Million yen	Million yen	Million yen	%	Yen
      March 31, 2026	347,605	149,698	143,834	41.4	1,017.71
      March 31, 2025	313,336	131,399	125,103	39.9	845.07

   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 March 31, 2026 March 31, 2025	Million yen 33,758 31,452	Million yen -22,304 -21,545	Million yen 1,761 -18,793	Million yen 65,716 48,597

2. Dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to equity attributable to owners of parent (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
   Fiscal year ended March 31, 2025	-	5.00	-	10.00	15.00	2,259	11.1	1.9
   Fiscal year ended March 31, 2026	-	6.00	-	12.00	18.00	2,593	15.6	1.9
   Fiscal year ending March 31, 2027 (Forecast)	-	10.00	-	10.00	20.00		18.8

3. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2027 (April 1, 2026 -

(% indicate year-on-year changes)

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

2. Changes in accounting policies and changes in accounting estimates

   1. Changes in accounting policies required by IFRS: None

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

   3. Changes in accounting estimates: None

3. Number of issued shares (ordinary shares)

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

      As of March 31, 2026	161,564,801 shares
      As of March 31, 2025	164,000,201 shares

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

      As of March 31, 2026	20,232,589 shares
      As of March 31, 2025	15,960,655 shares

   3. Average number of shares outstanding during the period

* JVCKENWOOD Corporation's shares owned by the trust relating to the share-based payment plan are included in the number of treasury stock.

1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Non-Consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Revenue		Operating profit		Ordinary profit		Profit
      Fiscal year ended March 31, 2026 March 31, 2025	Million yen 139,852 160,803	% -13.0 -2.3	Million yen 1,435 6,937	% -79.3 297.9	Million yen 5,317 14,704	% -63.8 56.4	Million yen 3,749 21,394	% -82.5 95.6

      	Basic earnings per share	Diluted earnings per share
      Fiscal year ended	Yen	Yen
      March 31, 2026	25.73	24.84
      March 31, 2025	142.63	-

   2. Non-Consolidated Financial Position

   	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
   As of March 31, 2026 March 31, 2025	Million yen 233,497 212,124	Million yen 87,522 93,966	% 37.5 44.3	Yen 619.27 634.74

   Reference: Equity

   As of March 31, 2026: 87,522 million yen

   As of March 31, 2025: 93,966 million yen

   • These financial results are not subject to audit by a certified public accountant or an audit firm.

   • Proper use of earnings forecasts, and other special matters: A Cautionary Note on Forward-Looking Statements

   This report contains forward-looking statements, including statements concerning the future performance of JVCKENWOOD Corporation (the "Company"). These statements are based on the Company's current assumptions, expectations and beliefs in light of the information currently available to the Company. Various factors may cause the Company's actual results to be materially different from the future performance expressed or implied by these forward-looking statements. Therefore, these statements do not constitute a guarantee by the Company that such future performance will be realized. For cautionary notes with respect to forward-looking statements, please refer to the "(4) Outlook" in "1. Overview of Business Performance."

   Access to Supplementary Financial Materials and Earnings Presentations

   The Company plans to hold an online briefing for analysts and institutional investors on Friday, May 8, 2026. The presentation materials to be used on that day will be posted on the Company's website on Friday, May 1, 2026.

   (Appendix)

   Table of Contents for Appendix

   1. Overview of Business Performance 2

      1. Operating Results 2

      2. Financial Position 4

      3. Cash Flows 4

      4. Outlook 5

2. Basic Policy Regarding the Selection of Accounting Standards 6

3. Consolidated Financial Statements 7

   1. Consolidated Statement of Financial Position 7

   2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income 9

      (Consolidated Statement of Income) 9

      (Consolidated Statement of Comprehensive Income) 10

   3. Consolidated Statement of Changes in Equity 11

   4. Consolidated Statement of Cash Flows 13

   5. Notes to Consolidated Financial Statements 15

(Assumption for Going Concern) 15

(Basis of Preparation) 15

(Segment Information) 15

(Earnings Per Share) 18

(Subsequent Events) 18

1. Overview of Business Performance
   1. Operating Results Performance Overview

      The following is an overview of the financial position, business performance, and cash flows for the JVCKENWOOD Corporation (the "Company") and its consolidated subsidiaries and equity-method companies (the "Group") for the fiscal year ended March 31, 2026. Forward-looking statements in this document are based on the Company's judgment as of the publication date of this document.

      1. Financial Position and Business Performance

         Revenue of the Company and its consolidated subsidiaries for the fiscal year ended March 31, 2026 decreased from the same period a year earlier due to a significant impact from a decrease in production and sales caused by insufficient supply of components mainly in enterprise markets of the Communications Systems Business of the Safety & Security Sector, as well as the impact of the U.S. tariff measures in the Mobility & Telematics Services Sector and the Media Business of the Entertainment Solutions Sector.

         Due to the impact of revenue decrease, the line-item profits of core operating income through to the profit attributable to owners of the parent also decreased from the same period a year earlier.

         A summary of consolidated operating results for the fiscal year ended March 31, 2026 is as follows.

         (Million yen)

         	Fiscal Year Ended March 31, 2025	Fiscal Year Ended March 31, 2026	Year-on-year change
         			Amount	Percentage
         Revenue	370,308	356,865	−13,443	−3.6%
         Core operating income*	25,307	20,880	−4,427	−17.5%
         Operating profit	21,792	20,540	−1,252	−5.7%
         Profit before income taxes	23,490	21,660	−1,830	−7.8%
         Profit attributable to owners of the parent	20,276	16,787	−3,488	−17.2%

         * Core operating income is calculated by deducting cost of sales and selling, general and administrative expenses from revenue, and does not include other income, other expenses, and foreign exchange losses (gains), which are primarily due to one-time factors. The evaluation of business sector performance is explained using core operating income.

         The exchange rates used for financial reporting purposes for the fiscal year ended March 31, 2026 are as follows.

         	Q1	Q2	Q3	Q4	Full year
         U.S. dollar FYE3/'26 Euro	Approx. 145 yen Approx. 164 yen	Approx. 147 yen Approx. 172 yen	Approx. 154 yen Approx. 179 yen	Approx. 157 yen Approx. 184 yen	Approx. 151 yen Approx. 175 yen
         FYE3/'25 U.S. dollar (for reference) Euro	Approx. 156 yen Approx. 168 yen	Approx. 150 yen Approx. 164 yen	Approx. 152 yen Approx. 163 yen	Approx. 153 yen Approx. 161 yen	Approx. 153 yen Approx. 164 yen

         Revenue

         Revenue of the Group for the fiscal year ended March 31, 2026 decreased approximately 13,400 million yen, or 3.6%, from the same period a year earlier to 356,865 million yen. This was because of the significant impact of a decrease in production and sales caused by insufficient supply of components mainly in enterprise markets in the Communications Systems Business of the Safety & Security Sector, as well as the impact of the U.S. tariff measures in the Mobility & Telematics Services Sector and the Media Business of the Entertainment Solutions Sector.

         Core Operating Income

         The Company defines core operating income as revenue less cost of sales and selling, general and administrative expenses.

         Core operating income for the fiscal year ended March 31, 2026 decreased approximately 4,400 million yen, or 17.5%, from a year earlier to 20,880 million yen, mainly because of a decrease in revenue as described above.

         Operating Profit

         Operating profit for the fiscal year ended March 31, 2026 decreased approximately 1,300 million yen, or 5.7%, from a year earlier to 20,540 million yen, mainly due to a decrease in core operating income despite significant improvement in other income and expenses.

         Profit before Income Taxes

         Profit before income taxes for the fiscal year ended March 31, 2026 decreased approximately 1,800 million yen, or 7.8%, from a year earlier to 21,660 million yen. This was mainly due to a decrease in operating profit.

         Profit Attributable to Owners of the Parent

         Profit attributable to owners of the parent for the fiscal year ended March 31, 2026 decreased approximately 3,500 million yen, or 17.2%, from a year earlier to 16,787 million yen, mainly due to a decrease in profit before income taxes.

      2. Revenue and Profit (Loss) by Business Sector

         Revenue and core operating income by business sector are as follows.

         Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

         (Million yen)

         Business Sector		FYE3/'25	FYE3/'26	Year-on-year change
         Mobility & Telematics Services Sector	Revenue Core operating income	203,243 4,881	195,748 5,399	−7,495 +518
         Safety & Security Sector	Revenue Core operating income	100,008 18,579	94,695 12,736	−5,313 −5,842
         Entertainment Solutions Sector	Revenue Core operating income	57,936 1,849	56,819 2,517	−1,116 +668
         Others	Revenue Core operating income	9,120 −1	9,602 226	+482 +228
         Total	Revenue Core operating income	370,308 25,307	356,865 20,880	−13,443 −4,427

         Mobility & Telematics Services Sector

         Revenue of the Mobility & Telematics Services Sector for the fiscal year ended March 31, 2026 decreased approximately 7,500 million yen, or 3.7%, from a year earlier to 195,748 million yen. Core operating income grew approximately 500 million yen, or 10.6%, from a year earlier to 5,399 million yen.

         Revenue

         Revenue of the OEM Business came in almost unchanged from a year earlier mainly due to strong sales of the domestic dealer-installed option business as well as solid sales of in-vehicle speakers, amplifiers, antennas and cables at ASK Industries S.p.A., despite a decrease in sales of JVCKENWOOD Hong Kong Holdings Limited ("JKHL") engaged in OEM of automotive components and electronic devices, mainly due to the impact of the slowdown in the Chinese economy.

         Revenue of the Aftermarket Business decreased from a year earlier mainly due to impacts of the U.S. tariff measures.

         Revenue of the Telematics Service Business decreased from a year earlier, mainly due to a decline in sales of the connected-type dashcams for auto insurance companies.

         Core Operating Income

         Core operating income of the entire Mobility & Telematics Services Sector increased from a year earlier. This was because, while JKHL in the OEM Business was affected by a decrease in revenue due to the impact of the slowdown in the Chinese economy sales of the domestic dealer-installed option business were strong, price revisions contributed to improving profit despite an impact from a decrease in revenue in the Aftermarket Business, and fixed

         cost was reduced across the sector.

         Safety & Security Sector

         Revenue of the Safety & Security Sector for the fiscal year ended March 31, 2026 decreased approximately 5,300 million yen, or 5.3%, from a year earlier to 94,695 million yen. Core operating income decreased approximately 5,800 million yen, or 31.4%, from a year earlier to 12,736 million yen.

         Revenue

         From the second quarter of the fiscal year ended March 31, 2026 onwards, the Communications Systems Business began to recover from the impact of a decrease in production and sales due to an insufficient supply of components in the first quarter. However, sales to enterprise markets were adversely affected by lost sales opportunities due to delays in the timing of product supply in the second half. In addition, in the public safety market, reflecting impacts of factors such as delays in grant application reviews and budget execution due to a U.S. federal government shutdown or continuing resolution, the recovery did not fully offset the adverse impacts in the first quarter. As a result, revenue of the Communications Systems Business decreased approximately 5,000 million yen from a year earlier.

         Revenue of the Professional Systems Business decreased approximately 300 million yen from a year earlier mainly due to a decrease in revenue in the healthcare business, despite solid sales of JVCKENWOOD Public & Industrial Systems Corporation.

         Core Operating Income

         Core operating income of the Safety & Security Sector as a whole reported a decrease from a year earlier. This was mainly due to a decrease in revenue in the Communications Systems Business, as well as the recording of an allowance for the withdrawal from the Healthcare Business.

         Entertainment Solutions Sector

         Revenue of the Entertainment Solutions Sector for the fiscal year ended March 31, 2026 fell approximately 1,100 million yen, or 1.9%, from a year earlier to 56,819 million yen. Core operating income soared approximately 700 million yen, or 36.2%, from a year earlier to 2,517 million yen.

         Revenue

         Revenue of the Media Business decreased approximately 4,300 million yen from a year earlier mainly due to impacts of the U.S. tariff measures.

         Revenue of the Entertainment Business soared approximately 3,200 million yen from a year earlier mainly due to strong content sales.

         Core Operating Income

         The Entertainment Solutions Sector as a whole reported an increase in core operating income from a year earlier due to a significant increase in revenue of the Entertainment Business, despite a decrease in revenue of the Media Business.

   2. Financial Position Assets

      Total assets increased approximately 34,300 million yen from the end of the previous fiscal year to 347,605 million yen. This was mainly due to increases in current assets, including cash and cash equivalents and trade receivables, as well as increases in non-current assets, including intangible assets.

      Liabilities

      Total liabilities were up approximately 16,000 million yen from the end of the previous fiscal year to 197,906 million yen. This was mainly due to issued convertible bonds with share acquisition rights, despite repayment of borrowings.

      Equity

      Total equity rose approximately 18,300 million yen from the end of the previous fiscal year to 149,698 million yen.

      This was mainly due to an increase in other components of equity reflecting the depreciation of yen against major currencies since the previous fiscal year-end, in addition to an increase of approximately 14,700 million yen in retained earnings, despite a decrease due to acquisition of treasury stock.

      The ratio of equity attributable to owners of the parent to total assets increased 1.5 percentage points from the end of the previous fiscal year to 41.4%. This was due to an increase in retained earnings.

   3. Cash Flows Cash Flow Analysis

      Cash Flows from Operating Activities

      Net cash provided by operating activities for the fiscal year ended March 31, 2026 was 33,758 million yen, an increase of approximately 2,300 million yen from the same period of the previous fiscal year. This was mainly due to a decrease in profit before income taxes, which was more than offset by increased cash inflows from working capital, among other factors. .

      Cash Flows from Investing Activities

      Net cash used in investing activities for the fiscal year ended March 31, 2026 was 22,080 million yen, an increase of approximately 500 million yen from the same period of the previous fiscal year. This was mainly due to a decrease in proceeds from sales of property, plant and equipment, although purchases of property, plant and equipment also decreased.

      Cash Flows from Financing Activities

      Net cash provided by financing activities for the fiscal year ended March 31, 2026 was 1,761 million yen, reflecting a decrease in net cash outflows of approximately 20,600 million yen from the same period of the previous fiscal year. This was mainly due to proceeds from issuance of convertible bonds, despite higher cash outflows for the acquisition of treasury stock and repayment of bank borrowings.

      Cash and cash equivalents at the end for the fiscal year ended March 31, 2026 increased approximately 17,100 million yen from the same period of the previous fiscal year to 65,716 million yen.

   4. Future Outlook

   Outlook for the Fiscal Year Ending March 31, 2027

   For the next fiscal year (fiscal year ending March 31, 2027), continued solid demand in the Safety & Security Sector is expected, mainly due to recovery from impacts of insufficient supply of components in the Communications Systems Business, as well as an analog-to-digital migration and crisis management response. On the other hand, adverse impacts are anticipated owing to delays in grant application reviews and budget execution due to a U.S. federal government shutdown or continuing resolution, mainly in the first half of the fiscal year. In the Mobility & Telematics Services Sector, the domestic dealer-installed options in the OEM Business are anticipated to see strong sales, although impacts from insufficient memory supply and rising memory prices are expected. In addition, in the Entertainment Solutions Sector, a recovery is expected from a decline due to the impact of the U.S. tariff measures. Although measures have been taken while continuing to carefully monitor heightened geopolitical risks, including intensifying situation in the Middle East, based on the above, the full-year earnings forecasts for the next fiscal year are as follows.

   (Million yen)

   	Consolidated earnings for the fiscal year ended March 31, 2026	Consolidated earnings forecast for the fiscal year ending March 31, 2027	Year-on-year change
   Revenue	356,865	364,000	+7,134
   Core operating income*	20,880	23,400	+2,519
   Operating profit	20,540	20,600	+59
   Profit before income taxes	21,660	21,000	−660
   Profit attributable to owners of the parent	16,787	15,000	−1,787

   		Consolidated earnings for the fiscal year ended March 31, 2026	Consolidated earnings forecast for the fiscal year ending March 31, 2027	Year-on-year change
   Exchange rate	U. S. dollar	151 yen	155 yen	+4 yen
   	Euro	175 yen	180 yen	+5 yen

   * Core operating income is calculated by deducting cost of sales and selling, general and administrative expenses from revenue, and does not include other income, other expenses, and foreign exchange losses (gains), which are primarily due to one-time factors.

   Policy of profit distribution and dividends for the fiscal year ended March 31, 2026 and the next fiscal year

   The Company considers the stable return of profits and the securing of management resources for future growth as one of the most important management challenges. We use a total return ratio as an indicator for returning profits to shareholders based on a comprehensive consideration of profitability and financial conditions. In addition to distributing dividends in accordance with business performance, the Company flexibly repurchases its own shares and maintains stable returns to shareholders with a total return ratio ranging from 30 to 40% while balancing the use of capital for medium- to long-term profit growth and the effect of improving capital efficiency.

   For the fiscal year ended March 31, 2026, the Company is scheduled to pay an annual dividend of 18 yen per share, with a year-end dividend of 12 yen per share, based on the profit performance and the above policy of returning profits to shareholders. The Company repurchased approximately 3.51 million of its own shares (totaling approximately 5,000 million yen) concurrently with its financing in November 2025, and approximately 2.43 million of its own shares (totaling approximately 3,000 million yen) in February 2026. As a result, the total return ratio for the fiscal year ended March 31, 2026 is expected to be approximately 33%*.

   * Share repurchases conducted in November 2025 are not included in the total return ratio.

   As stated in the "Announcement of the New Medium-Term Management Plan VISION 2030" released today, the total return ratio for the next fiscal year will be revised from the previous range of 30 to 40% to that of 30 to 45%, with an increase of the upper limit by 5 percentage points. The Company's policy is to flexibly repurchase its own shares within the range of the total return ratio based on the balance between financial conditions and growth investments, while maintaining stable dividends and continued increases in dividends.

   For the next fiscal year, the Company will strive to improve the business performance and financial conditions and forecasts an annual dividend of 20 yen per share (an interim dividend of 10 yen and a year-end dividend of 10 yen) based on the policy stated in VISION 2030.

   Status of Dividends

   	Annual dividends (ordinary dividends)
   	1H	Year end	Total
   FYE3/'26 (scheduled)	6 Yen	12 Yen	18 Yen
   FYE3/'27 (forecast)	10 Yen	10 Yen	20 Yen

2. Basic Policy Regarding the Selection of Accounting Standards

   The Group has applied International Financial Reporting Standards (hereinafter, "IFRS Accounting Standards") to its consolidated financial statements starting with those included in its Securities Report for the year ended March 31, 2018.

3. Consolidated Financial Statements

1. Consolidated Statement of Financial Position

   (Millions of yen)

   	As of March 31, 2025	As of March 31, 2026
   Assets Current assets Cash and cash equivalents Trade and other receivables Contract assets Other financial assets Inventories Right to recover products Income taxes receivable Other current assets Subtotal Assets classified as held for sale Total current assets Non-current assets Property, plant and equipment Goodwill Intangible assets Net defined benefit assets Investment property Investments accounted for using the equity method Other financial assets Deferred tax assets Other non-current assets Total non-current assets Total assets	48,597 71,738 6,682 2,228 58,498 346 934 6,885	65,716 73,919 5,349 2,504 61,044 351 924 7,834
   	195,912	217,647
   	913	-
   	196,825	217,647
   	62,067 886 22,920 635 3,991 8,044 8,472 8,760 733	64,901 1,002 28,157 115 4,136 9,954 12,048 6,424 3,218
   	116,510	129,958
   	313,336	347,605

   (Millions of yen)

   	As of March 31, 2025	As of March 31, 2026
   Liabilities and equity Liabilities Current liabilities Trade and other payables Contract liabilities Refund liabilities Short-term borrowings Other financial liabilities Income taxes payable Provisions Other current liabilities Subtotal Liabilities directly associated with assets classified as held for sale Total current liabilities Non-current liabilities Bonds and long-term borrowings Other financial liabilities Net defined benefit liabilities Provisions Deferred tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities Equity Capital stock Capital surplus Retained earnings Treasury stock Other components of equity Equity attributable to owners of the parent Non-controlling interests Total equity Total liabilities and equity	50,578 4,285 4,280 26,121 4,449 1,981 2,117 31,471	52,212 3,905 3,745 18,589 5,039 1,345 2,446 29,880
   	125,285	117,165
   	862	-
   	126,148	117,165
   	24,253 11,198 15,659 1,316 2,288 1,072	50,009 10,669 14,493 1,239 2,453 1,875
   	55,789	80,741
   	181,937	197,906
   	13,645 42,357 58,086 (11,589) 22,602	13,645 41,074 72,782 (18,866) 35,199
   	125,103	143,834
   	6,295	5,864
   	131,399	149,698
   	313,336	347,605

2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Consolidated Statement of Income)

   (Millions of yen)

   	Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
   Revenue Cost of sales Gross profit Selling, general and administrative expenses Other income Other expenses Foreign exchange gains (losses) Operating profit Finance income Finance expenses Share of profit (loss) of investments accounted for using the equity method Profit before income taxes Income tax expenses Profit Profit attributable to: Owners of the parent Non-controlling interests Profit Earnings per share Basic earnings per share Diluted earnings per share	370,308 251,367	356,865 246,471
   	118,940	110,393
   	93,633 2,229 5,847 102	89,513 2,967 3,053 (254)
   	21,792	20,540
   	1,170 1,442 1,968	997 1,447 1,569
   	23,490	21,660
   	2,466	4,694
   	21,023	16,965
   	20,276 747	16,787 177
   	21,023	16,965
   	135.17 yen 134.07 yen	115.21 yen 111.62 yen

   (Consolidated Statement of Comprehensive Income)

   (Millions of yen)

   	Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
   Profit Other comprehensive income ("OCI") Items that will not be reclassified subsequently to profit or loss Financial assets measured at fair value through OCI Remeasurement of defined benefit plans Total items that will not be reclassified subsequently to profit or loss Items that may be reclassified subsequently to profit or loss Exchange differences arising on translation of foreign operations Cash flow hedges Share of OCI of investments accounted for using the equity method Total items that may be reclassified subsequently to profit or loss OCI, net of income tax Comprehensive income Total comprehensive income attributable to: Owners of the parent Non-controlling interests Comprehensive income	21,023	16,965
   	(197) 369	1,337 313
   	172	1,650
   	(1,462) (1,400) (511)	10,175 712 752
   	(3,374)	11,641
   	(3,201)	13,292
   	17,822	30,257
   	17,180 641	29,656 600
   	17,822	30,257

3. Consolidated Statement of Changes in Equity

   (Millions of yen)

   	Equity attributable to owners of the parent
   	Capital stock	Capital surplus	Retained earnings	Treasury stock
   Balance as of April 1, 2024	13,645	42,209	40,004	(7,125)
   Profit			20,276
   Other comprehensive income
   Comprehensive income	-	-	20,276	-
   Acquisition of treasury stock		(4)		(4,502)
   Disposal of treasury stock
   Cancellation of treasury stock Share-based payment transactions		221		38
   Dividends paid			(2,563)
   Issuance of convertible bonds
   Loss of control of subsidiaries
   Changes in ownership interests in subsidiaries		(68)
   Transfer from other components of equity to retained earnings			369
   Total transactions with the owners	-	148	(2,193)	(4,464)
   Balance as of March 31, 2025	13,645	42,357	58,086	(11,589)
   Profit			16,787
   Other comprehensive income
   Comprehensive income	-	-	16,787	-
   Acquisition of treasury stock		(4) (2,313) (280) 1,641 (326)		(10,001)
   Disposal of treasury stock				0
   Cancellation of treasury stock				2,313
   Share-based payment transactions				410
   Dividends paid			(2,364)
   Issuance of convertible bonds
   Loss of control of subsidiaries
   Changes in ownership interests in subsidiaries
   Transfer from other components of equity to retained earnings			272
   Total transactions with the	-	(1,283)	(2,091)	(7,277)
   owners
   Balance as of March 31, 2026	13,645	41,074	72,782	(18,866)

   (Millions of yen)

   	Equity attributable to owners of the parent							Non-controlling interests	Total equity
   	Other components of equity						Total
   	Remeas-urements of defined benefit plans	Financial assets measured at fair value through other comprehensive income	Exchange differences arising on translation of foreign operations	Cash flow hedges	Fair value of Invest- ment property	Total
   Balance as of April 1, 2024	-	1,106	22,313	2,256	391	26,067	114,801	6,418	121,220
   Profit						-	20,276	747	21,023
   Other comprehensive income	369	(197)	(1,784)	(1,483)		(3,095)	(3,095)	(106)	(3,201)
   Comprehensive income	369	(197)	(1,784)	(1,483)	-	(3,095)	17,180	641	17,822
   Acquisition of treasury						- - - - - - - - (369)	(4,507) - - 259 (2,563) - - (68) -		(4,507) - - 259 (3,396) - - - -
   stock
   Disposal of treasury stock
   Cancellation of treasury stock Share-based payment transactions
   Dividends paid								(832)
   Issuance of convertible bonds
   Loss of control of subsidiaries
   Changes in ownership interests in subsidiaries								68
   Transfer from other components of equity to retained earnings	(369)
   Total transactions with the	(369)	-	-	-	-	(369)	(6,879)	(764)	(7,643)
   owners
   Balance as of March 31, 2025	-	909	20,529	772	391	22,602	125,103	6,295	131,399
   Profit						-	16,787	177	16,965
   Other comprehensive income	313	1,337	10,582	635		12,868	12,868	423	13,292
   Comprehensive income	313	1,337	10,582	635	-	12,868	29,656	600	30,257
   Acquisition of treasury						- - - - - - - - (272)	(10,005) 0 - 129 (2,364) 1,641 - (326) -		(10,005) 0 - 129 (2,982) 1,641 (19) (721) -
   stock
   Disposal of treasury stock
   Cancellation of treasury stock Share-based payment transactions
   Dividends paid								(618)
   Issuance of convertible bonds
   Loss of control of subsidiaries								(19)
   Changes in ownership interests in subsidiaries								(394)
   Transfer from other components of equity to retained earnings	(313)	40
   Total transactions with the	(313)	40	-	-	-	(272)	(10,925)	(1,032)	(11,957)
   owners
   Balance as of March 31, 2026	-	2,287	31,111	1,408	391	35,199	143,834	5,864	149,698

4. Consolidated Statement of Cash Flows

   (Millions of yen)

   	Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
   Cash flows from operating activities
   Profit before income taxes	23,490	21,660
   Depreciation and amortization	17,292	17,967
   Impairment losses	1,951	701
   Increase (decrease) in net defined benefit liabilities	(1,359)	(1,083)
   Decrease (increase) in net defined benefit assets	211	97
   Finance income	(1,170)	(997)
   Finance expenses	1,442	1,447
   Loss (gain) on valuation of financial assets measured at fair value through profit or loss	1,008	175
   Loss (gain) on sales of property, plant and equipment	(1,230)	(1,224)
   Loss on disposal of property, plant and equipment	398	547
   Loss (gain) on sales of subsidiaries	-	796
   Loss (gain) on liquidation of subsidiaries	-	(939)
   Share of loss (profit) of investments accounted for using the equity method	(1,968)	(1,569)
   Decrease (increase) in trade and other receivables	(4,511)	1,810
   Decrease (increase) in inventories	4,073	1,496
   Increase (decrease) in trade and other payables	(2,796)	11
   Increase (decrease) in accrued expenses	2,767	(2,253)
   Increase (decrease) in other current liabilities	(879)	(1,091)
   Other, net	(3,288)	182
   Subtotal	35,430	37,734
   Interest received	1,078	841
   Dividend received	280	392
   Interest paid	(1,304)	(1,174)
   Income taxes paid	(4,033)	(4,036)
   Net cash provided by operating activities	31,452	33,758
   Cash flows from investing activities
   Purchases of property, plant and equipment	(12,711)	(9,823)
   Proceeds from sales of property, plant and equipment	4,215	1,492
   Purchases of intangible assets	(12,024)	(12,746)

   (Millions of yen)

   	Fiscal year ended March 31, 2025	Fiscal year ended March 31, 2026
   Payment for acquisition of investments accounted for using the equity method	(907)	-
   Proceeds from sales of subsidiaries resulting in change in scope of consolidation	-	364
   Proceeds from distribution of debt instruments	576	-
   Payments for acquisition of long-term prepaid expenses	(399)	(1,632)
   Other, net	(294)	40
   Net cash used in investing activities	(21,545)	(22,304)
   Cash flows from financing activities
   Proceeds from short-term borrowings	41,929	65,600
   Repayment of short-term borrowings	(38,532)	(71,818)
   Proceeds from long-term borrowings	4,340	13,004
   Repayment of long-term borrowings	(14,748)	(17,243)
   Repayment of lease liabilities	(4,145)	(3,650)
   Proceeds from issuance of convertible bonds	-	30,000
   Acquisition of treasury stock	(4,502)	(10,001)
   Cash dividends paid	(2,563)	(2,364)
   Cash dividends paid to non-controlling interests	(517)	(937)
   Payments for acquisition of subsidiaries not resulting in change in scope of consolidation	-	(721)
   Other, net	(54)	(106)
   Net cash provided by (used in) financing activities	(18,793)	1,761
   Effect of exchange rate changes on cash and cash	(390)	3,902
   equivalents
   Net increase (decrease) in cash and cash equivalents	(9,276)	17,118
   Cash and cash equivalents at beginning of year	57,874	48,597
   Cash and cash equivalents at end of year	48,597	65,716

5. Notes to Consolidated Financial Statements

(Assumption for Going Concern): None

(Basis of Preparation)

The Group meets all of the requirements for a "Specified Company for the designated IFRS" as stipulated under Article 1-2 of the Ordinance on Terminology, Forms, and Preparation Methods of Consolidated Financial Statements (the "Ordinance"). According to Article 312 of the Ordinance, the Group's consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS").

(Segment Information)

1. Outline of reportable segments

   Reportable segments are the Company's constituent business units for which separate financial information can be obtained and those which are periodically examined by the Board of Directors for the purposes of determining the allocation of resources and evaluating results of operations.

   The Group appoints a chief operating officer ("COO") in each sector to formulate comprehensive strategies and

   engage in business activities for their products and services and conducts their worldwide operations.

   The Group is taking a step forward and going from being a traditional manufacturing and sales company to being one that creates customer value by providing solutions to their problems and operates three business segments: the Mobility & Telematics Services Sector, the Safety & Security Sector, and the Entertainment Solutions Sector. The Group's reportable segments are consistent with these business segments.

   The major products, services, and business details of each segment are as follows:

   Mobility & Telematics Services Sector	Manufacture and sales of car AV systems, car navigation systems, dashcams; in-vehicle speakers, amplifiers, antennas, and cables; in-vehicle devices, etc., and telematics solutions
   Safety & Security Sector	Manufacture and sales of professional wireless communications devices, communications devices for general consumers, professional video surveillance equipment, professional audio equipment, medical image display systems, etc.
   Entertainment Solutions Sector	Manufacture and sales of projectors, headphones, home audio equipment, portable power supplies, professional video cameras, etc.; entrusted business of CDs and DVDs (packaged software), etc.; manufacture of CDs and DVDs (packaged software); content business of audio and video software, content distribution, etc.
   Others	Service parts, etc.

2. Revenue, profit or loss for each reportable segment Revenue, profit or loss of each segment are as follows:

Fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)

(Millions of yen)

Note: Segment profit is indicated with core operating income and calculated by deducting cost of sales and selling, general and administrative expenses from revenue.

Fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Millions of yen)

Note: Segment profit is indicated with core operating income and calculated by deducting cost of sales and selling, general and administrative expenses from revenue.

(Earnings Per Share)

(1）The basis of calculating basic earnings per share

Profit attributable to owners of the parent company (millions of yen)

Profit not attributable to ordinary shareholders of the parent company (millions of yen)

Profit for the year used in the calculation of basic earnings per share (millions of yen)

Fiscal year ended March 31, 2025

Fiscal year ended March 31, 2026

Weighted average number of ordinary shares (thousands of shares)

Basic earnings per share (yen)

(2）The basis of calculating diluted earnings per share

Profit attributable to owners of the parent company (millions of yen)

Reconciliation to net income (millions of yen)

Profit for the year used in the calculation of diluted earnings per share (millions of yen)

Fiscal year ended March 31, 2025

Fiscal year ended March 31, 2026

Weighted average number of ordinary shares (thousands of shares)

Effect of dilutive potential ordinary shares

Convertible bonds with stock acquisition rights (thousands of shares)

Share-based payment (thousands of shares)

Weighted average number of diluted ordinary shares (thousands of shares)

Diluted earnings per share (yen)

(Subsequent Events): None