Consolidated Financial Highlights presentation for the 2nd Quarter of the Fiscal Year Ending March 31, 2026

(From April 1, 2025 to September 30, 2025)

1. Consolidated Financial Results for the First Half of FY2025

2. Forecast for FY2025

3. Business Strategy

(Ticker Code: 6849)

November 10, 2025

1

1 for the First Half of FY2025

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1. Consolidated Financial Results for the 1st Half of FY2025

   		First half FY2024	First half FY2025	YoY (%)
   Net Sales		102,784	108,120	5.2
   	Domestic Sales	66,243	66,880	1.0
   	Overseas Sales	36,541	41,240	12.9
   Gross Profit (Gross Profit Margin)		51,906 50.5%	56,798 52.5%	9.4
   Operating Income (Operating Income Margin)		5,114 5.0%	6,741 6.2%	31.8
   Ordinary Income		2,139	6,732	214.7
   Income Attributable to Owners of Parent		463	4,524	876.7

   (Amounts of less than ¥1 million are rounded down)

   +18% on a local currency basis

   (+11% on a local currency basis excluding impact of consolidation of Ad-Tech)

   In-house FY2024 1H FY2025 1H

   sales ratio: 71.5% → 73.5%

   SG&A:

   ¥46.7 bil → ¥50.0 bil

   SG&A Ratio: 45.5% → 46.3%

   Foreign exchange losses:

   ¥3,327 mil → ¥156 mil

   Average Exchange Rate	(2024/9)	(2025/9)
   1 US Dollar	153.6 yen	146.7 yen
   1 EURO	166.3 yen	166.8 yen

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2. Highlights of the 1st Half of FY2025 Net Sales : +5.2%

   • Japan：Sales increased, because the Company focused on its consumables and services business, while capital expenditure in hospitals was cautious. Sales of locally purchased products decreased as the Company focused on selling in-house products.

   • International：Sales in North America, Europe, and Asia & Other increased favorably. Sales achieved double-digit growth on a comparable basis excluding the currency effect and the impact of the consolidation of Ad-Tech.

     Operating Income : +31.8%

     • Operating income increased due to increased sales and the consolidation of Ad-Tech as well as favorable gross profit margin reflecting higher selling prices and cost reductions of in-house products and a decrease in inventory devaluation.

     Ordinary Income : +214.7%

     • Foreign exchange losses decreased.

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3. Breakdown of Operating Income

(Amounts of less than ¥1 million are rounded down)

10,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

FY2024 1H 5,114

Currency effect

-577

Increase in gross profit from sales increase

Main reasons for higher gross margin

• Higher selling prices of in-house

products

• Higher gross margin of IT systems and services in Japan

+0.7 pt

+0.4 pt

• Cost reductions at Tomioka factory +0.4 pt

• Decrease in inventory devaluation +0.2 pt

+3,415

Gross margin improvement

+2,847

Increase in SG&A*

-4,058

FY2025 1H 6,741

Benefit from reform of profit structure

Approx. 1.7%pt

*Increase in SG&A indicates the amount as a factor of increase/decrease of operating income excluding the currency effect.

Items of increase/decrease in SG&A expenses indicate major components of increased/decreased SG&A expenses on a yen basis.

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