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JVCKENWOOD : Results and Forecast Briefing Q1 of Fiscal Year Ending March 2026 (IFRS)

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JVCKENWOOD

Results and Forecast Briefing

Q1 of Fiscal Year Ending March 2026 (IFRS)

JVCKENWOOD Corporation

August 1, 2025

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 Q1 of FYE3/’26

      M&T : Mobility & Telematics Services Sector S&S : Safety & Security Sector

      ES : Entertainment Solutions Sector

      • Results were in line with expectations YoY although both revenue and core operating income decreased.

        • M&T: Revenue decreased but core operating income of the sector increased, reflecting an improved profit from a price pass-through in the Aftermarket Business despite a negative impact of declined revenues due to the U.S. tariff measures at JKHL* in the OEM and the Aftermarket Businesses.

        • S&S: Revenue and core operating income of the sector decreased, reflecting decreases in revenue and core operating income due to a supply shortage of components in the Communications Systems Business.

        • ES: Revenue and core operating income of the sector decreased, reflecting decreases in revenue and

          core operating income due to a negative impact of the U.S. tariff measures in the Media Business.

          * JVCKENWOOD Hong Kong Holdings Limited

    • Impact of the U.S. tariff measures

      • Results were almost in line with expectations as a Group because M&T was affected little while the Media

        Business in ES was affected more than expected.

    • Impact of a supply shortage of components in the Communications Systems Business

      • The business was affected more than expected by a delay in recovering from the supply shortage of components but has generally started to normalize from the latter half of Q1.

        2

      • The business will recover in 2H a loss suffered in Q1.

  1. Full-year Earnings Forecast for FYE3/ʼ26
  2. Topics

  1. Full-year Earnings Forecast for FYE3/ʼ26

  2. Topics

Financial Results for Q1 of FYE3/ʼ26

（Billion yen）

Q1 Of FYE3/'24

Q1 of FYE3/'25 Q1 Of FYE3/'26

YoY

Revenue

85.6

87.8

80.2

-7.6 -8.6%

Cost of sales

59.4

59.4

55.7

-3.7 -6.3%

Gross profit

Profit margin

26.2

30.6%

28.4

32.3%

24.5

30.6%

-3.8 -13.5%

Core operating income*1

5.0

6.0

3.1

-2.9 -48.9%

Profit margin

5.9%

6.8%

3.8%

Other Income, Other Expenses, Foreign Exchange Loss, etc.

-0.0

0.0

1.3

+ 1.3 +2641.4%

Operating profit

5.0

6.0

4.4

-1.7 -27.7%

Profit margin

5.9%

6.9%

5.4%

Profit before income taxes

4.9

7.0

4.9

-2.1 -29.6%

Profit attributable to owners of the parent

3.5

5.5

3.4

-2.1 -37.4%

EBITDA*2

9.5

11.7

9.4

-2.2 -19.1%

EBITDA margin

11.1%

13.3%

11.8%

*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).

5

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

FYE3/’24 FYE3/’25 FYE3/’26

Q1

Q2

Q3

Q4

Full-Year

Q1

Q2

Q3

Q4

Full-Year

Q1

Q2

Q3

Q4

Full-Year

Profit-And-Loss

U.S. dollar

137

145

148

149

145

156

150

152

153

153

145

Exchange Rates

Euro

150

157

159

161

157

168

164

163

161

164

164