JVCKENWOOD : Results and Forecast Briefing for FYE March 2025

About this update from Jvckenwood Corporation

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. Results and Forecast Briefing Fiscal Year Ended March 2025 (IFRS) May 1, 2025 JVCKENWOOD Corporation 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. Results for FYE3/'25 All the three sectors of M&T, S&S and ES achieved a YoY increase in revenue. Core operating income* was 25.3 billion yen (announced forecast: 23.0 billion yen), a significant YoY increase. The line-item profits of core operating income through to net income posted a significant YoY increase, setting new record highs. The performance of the Communications Systems in S&S recovered beyond expectations despite the impact of product mix deterioration in Q3. S&S recorded its highest-ever quarterly core operating income. Upward revision to dividend forecast and share repurchase Based on the full-year financial results for FYE3/'25, the year-end dividend forecast for FYE3/'25 has been upward revised from the previously announced 8 yen per share to 10 yen per share, and the annual dividend forecast has also been upward revised from the previously announced 13 yen per share to 15 year per share. Plans to conduct share repurchases based on recent share price levels. Total cost of share repurchases: 2.0 billion yen (upper limit) Period of share repurchases: May 2 to June 30, 2025 * Calculated by deducting cost of sales and selling, general and administrative expenses from revenue and not including other income, other expenses, foreign exchange gains and losses, etc., which are primarily one-time factors. 2 Impact of U.S. Tariff Measures (as of May 1, 2025) While implementing price increases on products and reducing the sale of products made in China, revenue and core operating income for FYE3/'26 are expected to decrease by 13.0 billion yen and 5.0 billion yen, respectively, due to the negative impact of U.S. tariff measures. In M&T and the Media Business in ES, a decline in production and sales, along with negative impacts from the U.S. and China's economic slowdown, are expected. The Communication Systems Business in S&S expects to mostly absorb the anticipated tariff impact through price pass-through measures. Full-Year Earnings Forecast for FYE3/ ʼ 26 M&T expects steady sales of Overseas OEM Business and Domestic Dealer-Installed Option Business, while ES anticipates continued strong performance in the Entertainment Business and the impact of allowances made in the previous period in the Media Business. The Communications Systems Business in S&S expects continued strong demand in the North American public safety market but anticipates the impact of up-front investments for business expansion and the effects of the shortage of components from Q4 of the previous period. * Calculated by deducting cost of sales and selling, general and administrative expenses from revenue and not including other income, other expenses, foreign exchange gains and losses, etc., which are primarily one-time factors. 3 Full-year Earnings Forecast for FYE 3/'26 Shareholder Returns Progress of the Medium-term Management Plan "VISION 2025", etc. Full-year Earnings Forecast for FYE 3/'26 Shareholder Returns Progress of the Medium-term Management Plan "VISION 2025", etc.

View stock analysis, news, and events for Jvckenwood Corporation