JVCKENWOOD : （Correction）JVCKENWOOD Results and Forecast Briefing Fiscal Year Ended March 2026 (IFRS)

May 11, 2026

Company JVCKENWOOD Corporation Representative EGUCHI Shoichiro

Representative Director of the Board,

Chairman and CEO

(Code: 6632; Prime Market of the Tokyo Stock Exchange)

Contact SAKAGUCHI Jun General Manager,

Corporate Strategy Department (Tel: +81-45-444-5232)

（Correction）JVCKENWOOD Results and Forecast Briefing Fiscal Year Ended March 2026 (IFRS)

JVCKENWOOD Corporation hereby announces that certain corrections have been made to the disclosure materials released on May 1, 2026.

The corrected sections are underlined as follows. In the attached slides, the relevant parts are indicated with underlined highlighting.

１．Reason for the Correction

Certain matters described herein required correction, and have therefore been amended accordingly.

２．Details of the Correction

（Before Correction）

・Slide page 7

Figures for “The U.S. Tariff impact” shown in the graph: -37

・Slide page 18

Figures for “Increase in revenue, and improved profit margin” shown in the graph: +9.7

・Slide page 34

Figures for “ROA” shown in the table: 4.8%

（After Correction）

・Slide page 7

Figures for “The U.S. Tariff impact” shown in the graph: -3.7

・Slide page 18

Figures for “Increase in revenue, and improved profit margin” shown in the graph: +8.9

・Slide page 34

Figures for “ROA” shown in the table: 5.1%

End

(Correction) JVCKENWOOD Results and Forecast Briefing

Fiscal Year Ended March 2026 (IFRS)

JVCKENWOOD Corporation

May 11, 2026

Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

• All figures in this document are prepared in accordance with International Financial Reporting Standards (IFRS).

• Percentages and value differences shown in this document were computed in yen and any single-digit value was rounded off to the nearest two-digit value.

  Copyright © JVCKENWOOD Corporation. All rights reserved.

  Financial Highlights

  • Overview of financial results for FYE3/’26

    M&T: Mobility & Telematics Services Sector

    S&S: Safety & Security Sector

    ES: Entertainment Solutions Sector

    • Although there are fluctuations in each sector, results are largely in line with our forecasts as a Group.

    • Both revenue and core operating income decreased as a Group mainly due to the significant impact of production and sales declines resulting from supply shortage of components primarily for the enterprise market in the Communications Systems Business in S&S, coupled with the effect of U.S. tariff measures on M&T and the Media Business in ES.

  • Full-year earnings forecast for FYE3/’27

    • In S&S, although we expect recovery from the impact of supply shortage of components and strong demand in the Communications Systems Business, we assume risk arising from the impact of the U.S. government* shutdown mainly in H1.

    • In M&T, we expect the impact of a memory supply shortage and price surge, but we assume strong sales in the Domestic Dealer-Installed Option Business. In ES, we expect solid performance in the Entertainment Business and a reduction in the impact of U.S. tariff measures on the Media Business.

    • Based on the above, we expect increases in both revenue and profit in our consolidated earnings forecast. We will continue to monitor the growing geopolitical risks, such as the situation in the Middle East, and take appropriate measures.

* Department of Homeland Security (DHS)

1. Overview of Financial Results for FYE3/ʼ26
2. Full-year Earnings Forecast for FYE3/ʼ27
3. Topics

1. Overview of Financial Results for FYE3/ʼ26

2. Full-year Earnings Forecast for FYE3/ʼ27

3. Topics

Financial Results for FYE3/ʼ26

（Billion yen）

*1 Core operating income does not include nonrecurring items that mainly occur temporarily, such as other income included in operating income, other expenses, and foreign exchange losses (gains).

*2 Profit (loss) before tax + Interest expense + Depreciation expense + Impairment loss.

(Yen)

Financial Results for FYE3/’26: Results by Sector

（Billion yen）

Financial Results for FYE3/’26:

Factors Contributing to Changes in Core Operating Income

• Profit decreased significantly year on year, mainly due to the impact of component supply shortages in the Communications Systems Business in S&S Sector, as well as the significant impact of U.S. tariff measures on M&T and the Media Business in ES.

  Impact of currency hedging

  ＋0.7

  25.3

  -1.1

  Decrease in temporary office reorganization expenses

  fixed costs

  ＋0.2 ＋0.1※2-0.5※1

  Tariff impact

  Margin

  improvement

  Decrease in

  allowance for discontinued businesses

  *1: Includes a negative impact of -1.9 resulting from exchange rate translation.

  *2: Includes a negative impact of -2.4 attributable to component supply shortages in the Wireless Systems business.

  20.9

  -3.7

Increase in

The U.S.

(Billion yen)

Trends in Quarterly Results

• In Q4 (January–March), revenue decreased but core operating income increased YoY, mainly reflecting strong sales in the Domestic Dealer-Installed Option Business in M&T and the Entertainment Business in ES, despite a sales decrease at ASK in M&T and the negative impact of the U.S. tariff measures in the Media Business in ES.

  QuarterlyAnnual

  Revenue

  (Billion yen)

  (Billion yen)

  Revenue

  Core Operating Income

  Core Operating Income

  FYE3/’24				FYE3/’25				FYE3/’26
  				87.8 6.0	88.8 7.0	93.9 5.6	99.8 6.7				98.2
  85.6	89.1	92.6	92.2					80.2	89.1	89.3	7.6
  5.0	5.5	5.5							5.3	5.0
  			3.7					3.1

  370.3

  FYE3/’24

  FYE3/’25

  FYE3/’26

  20.9

  19.7

  25.3

  359.5

  356.9

  Cumulative for the quarter

  (Billion yen)

  Revenue

  Core Operating Income

  Ｑ1 Ｑ2 Ｑ3 Ｑ4 Ｑ1 Ｑ2 Ｑ3 Ｑ4 Ｑ1 Ｑ2 Ｑ3 Ｑ4

  FYE3/’24				FYE3/’25				FYE3/’26
  			359.5				370.3				356.9
  		267.3				270.5				258.6
  	174.7				176.6		25.3		169.3
  85.6	10.5	16.0	19.7	87.8	13.0	18.6		80.2 3.1	8.3	13.3	20.9
  5.0				6.0

  '25/3期

  ’24/3期

  '26/3期

  8

  Q1 H1 Q1-3 Q1-4 Q1 H1 Q1-3 Q1-4 Q1 H1 Q1-3 Q1-4

  M&T: Trends in Revenue and Core Operating Income

• In Q4 (January–March), revenue decreased but core operating income of the sector remained flat YoY, reflecting the impact of the slowdown in the Chinese economy at ASK and JKHL in the overseas OEM Business, despite solid sales in the Domestic Dealer-Installed Option Business and the Aftermarket Business.

  Quarterly

  (Billion yen)

  Annual

  Telematics Service

  Aftermarket

  OEM

  FYE3/’24 FYE3/’25

  FYE3/’26

  50.6

  50.9

  50.6

  52.1

  54.4

  51.3

  47.3

  47.9

  48.8

  46.6

  48.9

  49.0

  1.3

  1.3

  1.4

  1.6

  1.3

  1.7

  1.6

  1.2

  0.8

  0.9

  0.4

  0.6

  Revenue

  (Billion yen)

  Revenue

  Core Operating

  Income

  Core Operating Income

  199.4 203.2

  FYE3/’24

  FYE3/’25

  FYE3/’26

  5.4

  3.9

  4.9

  195.7

  Cumulativefor the quarter

  (Billion yen)

  Revenue

  Core Operating

  Income

  Ｑ1 Ｑ2 Ｑ3 Ｑ4 Ｑ1 Ｑ2 Ｑ3 Ｑ4 Ｑ1 Ｑ2 Ｑ3 Ｑ4

  FYE3/’24				FYE3/’25				FYE3/’26
  			199.4				203.2				195.7
  		148.8				148.8				144.4	5.4
  	97.9				96.7		4.9		95.4	4.2
  47.3		3.1	3.9	47.9		3.6		46.6	2.5
  0.4	1.8			0.6	2.0			1.7

  '25/3期

  ’26'/236期/3期

  '24/3期

  9

  Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

  S&S: Trends in Revenue and Core Operating Income

  Professional Systems

  Communication Systems

  FYE3/’24 FYE3/’25

  26.9

  23.6

  24.3

  23.9

  24.2

  24.3

  24.5

  22.0

  FYE3/’26

  25.4

  23.1

  27.8

  18.3

  5.4

  5.4

  4.1

  4.5

  4.6

  4.5

  4.8

  4.2

  3.2 3.3

  2.8

  0.9

• In Q4 (January–March), revenue increased but core operating income of the sector decreased YoY, affected by the impact of the U.S. government shutdown mainly in the North American public safety market and allowance for losses due to the Healthcare Business withdrawal, despite the production recovery in the Communications Systems Business.

  QuarterlyAnnual

  Revenue

  (Billion yen)

  (Billion yen)

  Core Operating Income

  Revenue

  Core Operating Income

  100.0

  Cumulativefor the quarter

  (Billion yen)

  Revenue

  Core Operating

  Income

  Ｑ1 Ｑ2 Ｑ3 Ｑ4 Ｑ1 Ｑ2 Ｑ3 Ｑ4 Ｑ1 Ｑ2 Ｑ3 Ｑ4

  FYE3/’24				FYE3/’25				FYE3/’26
  			93.8				100.0	18.3 0.9	43.7 5.1	66.9 7.9	94.7 12.7
  		69.9				73.1
  							18.6
  	45.6		16.5		48.6
  		13.3				13.2
  22.0				24.2	9.9
  	8.7
  4.1				4.5

  '25/3期

  ’262/36期/3期

  '24/3期

  10

  93.8

  94.7

  FYE3/’24

  FYE3/’25

  FYE3/’26

  16.5

  12.7

  18.6

  Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

  ES: Trends in Revenue and Core Operating Income

• In Q4 (January–March), revenue increased, and core operating income of the sector increased significantly YoY, mainly reflecting strong content sales in the Entertainment Business and the impact of the withdrawal from the professional cameras in the Media Business.

  Entertainment Media

  13.0

  13.4

  14.8

  13.2

  13.2

  14.3

  12.6

  0.5

  -0.4

  0.1

  0.6

  0.4

  0.1

  -0.1

  0.2

  -0.3

  0.7

  0.7

  1.4

  16.7

  16.5

  14.0

  15.0

  14.0

  FYE3/’26

(Billion yen)

Revenue

Core Operating

Revenue

Core Operating Income

(Billion yen)

Income

56.0 57.9 56.8

(Billion yen)

Revenue

Core Operating Income

Ｑ1 Ｑ2 Ｑ3 Ｑ4 Ｑ1 Ｑ2 Ｑ3 Ｑ4 Ｑ1 Ｑ2 Ｑ3 Ｑ4

11

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

-0.3

2.5

1.8

'24/3期 '25/3期 26/3期

Financial Results for FYE3/’26:Consolidated Revenue by Region

• Revenue declined in the Americas due to U.S. tariff measures, and in Asia and China due to the impact of the

  economic slowdown in China, compounded by the effects of tariff measures.

  Increase/Decrease by Region

  （Billion yen）

  Trends by Region（Billion yen）

  1.7

  Others Asia/China Europe Americas Japan

  2.4

  Japan

  Americas

  1.5

  ＋1.2

  Europe

  -5.6 ＋0.7

  Asia/ China

  Others

  ＋1.8

  370.3

  356.9

  -11.6

14.7

16.0

24.1

1.8

15.3

15.9

25.1

1.7

16.3

19.8

23.5

1.3

13.5

20.0

23.3

1.6

15.8

18.5

26.0

1.8

15.6

17.7

25.5

1.7

16.9

20.7

24.9

16.2

18.7

28.7

2.0

13.5

18.2

20.7

2.1

13.6

18.5

26.6

2.1

14.2

20.6

23.6

11.7

19.1

28.7

29.4

31.0

31.2

34.1

25.9

28.1

29.7

34.6

25.8

28.4

28.8

36.4

'24/3期 Ｑ1

Ｑ2 Ｑ3 Ｑ4 '25/3期

Ｑ1

Ｑ2 Ｑ3 Ｑ4 '26/3期

Ｑ1

Ｑ2 Ｑ3 Ｑ4

Ratio by Region

FYE3/‘25 FYE3/‘26

Financial Results for FYE3/’26: Consolidated Profit/Loss Summary

• Operating profit decreased by approximately 1.3 billion yen, as other income and expenses improved due to lower impairment losses on financial assets and a reduction in restructuring costs, although business profit declined.

• Profit before tax decreased by approximately 1.8 billion yen, mainly due to a decline in equity-method earnings.

• Profit attributable to owners of the parent decreased by approximately 3.5 billion yen, despite a decrease

  in income tax expenses.

  （Billion yen）

  	FYE3/'24	FYE3/'25 FYE3/'26		YoY
  Core Operating Income	19.7	25.3	20.9	-4.4
  Other Income, Other Expenses, Foreign Exchange Loss, etc.	-1.5	-3.5	-0.3	+3.2
  Operating Profit	18.2	21.8	20.5	-1.3
  Finance Income, Finance Expenses, etc.	0.0	1.7	1.1	-0.6
  Profit Before Income Taxes	18.2	23.5	21.7	-1.8
  Income Tax Expenses	4.4	2.5	4.7	+2.2
  Non-Controlling Interests	0.9	0.7	0.2	-0.6
  Profit Attributable to Owners of the Parent	13.0	20.3	16.8	-3.5

  * Core operating income does not include nonrecurring items that mainly occur temporarily, such as other income included in operating income, other expenses, and foreign exchange losses (gains).

  Financial Results for FYE3/’26: Financial Position Summary

• Equity attributable to owners of the parent increased by approximately 18.7 billion yen compared with the previous fiscal year-end, to 143.8 billion yen, despite dividend payments and share repurchases, mainly due to an increase in retained earnings and other components of equity.

• Net cash decreased by approximately 1.1 billion yen compared with the previous fiscal year-end, to negative 2.9 billion yen, mainly due to cash outflows related to share repurchases.

  (Billion yen）

  	FYE3/’24	FYE3/’25 FYE3/’26		YoY
  Total Assets	316.8	313.3	347.6	+34.3
  Total Liabilities	195.6	181.9	197.9	+16.0
  Total Equity	121.2	131.4	149.7	+18.3
  Interest-Bearing Debts	57.3	50.4	68.6	+18.2
  Net Cash	0.6	-1.8	-2.9	-1.1
  Net Debt/Equity Ratio (Times)	-0.01	0.01	0.02	+0.01
  Equity Attributable to Owners of the Parent	114.8	125.1	143.8	+18.7
  Stockholder's Equity Ratio（%）	36.2%	39.9%	41.4%	+1.5pt

  Financial Results for FYE3/’26: Cash Flow Summary

• Operating cash flow increased year on year, as the decrease in working capital more than offset the decline in core operating profit.

• Investing cash flow decreased year on year, due to a decrease in proceeds from the sale of fixed assets,

  despite lower investment.

• Financing cash flow saw a significantly smaller outflow year on year, as proceeds from the issuance of convertible bonds with share acquisition rights more than offset the increase in share repurchases.

  (Billion yen）

  	FYE3/'24	FYE3/'25 FYE3/'26		YoY
  Cash Flows from Operating Activities	33.2	31.5	33.8	+2.3
  Cash Flows from Investing Activities	-16.1	-21.5	-22.3	-0.8
  Free cash flow * Free cash flow: Cash flow from operating activities + Cash flow from investing activities	17.1	9.9	11.5	+1.5
  Cash Flows from Financing Activities	-19.4	-18.8	1.8	+20.6

  Total -2.2 -8.9

  13.2

  +22.1

  1. Overview of Financial Results for FYE3/ʼ26

  2. Full-year Earnings Forecast for FYE3/ʼ27

  3. Topics

  Full-year earnings forecast for FYE3/’27

• Both revenue and core operating income are expected to increase, as we expect recovery of the Communications Systems Business in S&S.

• Line-item profits of operating profit and below reflect reform expenses based on production grand designs.

• An annual dividend is expected to be 20 yen per share (an interim dividend of 10 yen and a year-end

  dividend of 10 yen), an increase of 2 yen per share from the previous year.

  (Billion Yen）

  	FYE3/'24	FYE3/'25	FYE3/’26 Forecast for YOY FYE3/’27
  Revenue	359.5	370.3	356.9	364.0	+7.1 +2.0%
  Core Operating Income	19.7	25.3	20.9	23.4	+2.5 +12.1%
  Operating Profit	18.2	21.8	20.5	20.6	+0.1 +0.3%
  Profit Before Income Taxes	18.2	23.5	21.7	21.0	-0.7 -3.0%
  Profit Attributable to Owners of the Parent	13.0	20.3	16.8	15.0	-1.8 -10.6%

  10.1

ROE（%） 12.2 16.9 12.5

（Yen）

（Yen）

Full-Year Earnings Forecast for FYE3/ʼ27:

Main Factors Impacting Core Operating Income

＋8.9

Decrease in allowance for discontinued business

Insufficient supply of components in the Communications Systems Business

*Increase due to foreign currency translation: -2.1

Impact of currency hedging

Increase in fixed costs

(Billion yen)

Increase in revenue, and improved profit margin

FYE‘26/3 FYE’27/3

Full-year earnings forecast for FYE3/’27 by Sector

• S&S: While recovery from component supply shortages is expected in the Communications Systems

  Business, a delay in budget execution due to the U.S. government shutdown is assumed mainly in H1.

• M&T: Although the impact of a memory supply shortage and price surge is expected, strong sales are expected for the Domestic Dealer-Installed Option Business in OEM Business.

• ES: A reactionary decline from the previous year is expected in the Entertainment Business, while a decrease in the impact of U.S. tariff measures is assumed in the Media Business.

(Billion Yen）