Consolidated Financial Results for the Fiscal Year Ended March 31, 2025

May 9, 2025

Company name: RYODEN CORPORATION Stock exchange listing: Tokyo Stock Exchange Code number: 8084

URL: https://www.ryoden.co.jp/

Representative: Katsuyuki Tomizawa, President & CEO

Contact: Kouzaburo Okamura, General Manager, General Affairs Department Phone: +81-3-5396-6111

Scheduled date of Annual General Meeting of Shareholders: June 24, 2025 Scheduled date of filing annual securities report: June 24, 2025

Scheduled date of commencing dividend payments: June 4, 2025

Availability of supplementary briefing material on annual financial results: Yes

Schedule of annual financial results briefing session: Yes (for institutional investors and securities analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (April 1, 2024 to March 31, 2025)

   1. Consolidated Operating Results (% indicates changes from the previous corresponding period.)

      	Net sales		Operating	profit	Ordinary	profit	Profit attributable to owners of parent
      	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      Fiscal year ended March 31, 2025	215,790	(16.7)	5,483	(34.1)	6,010	(27.0)	4,700	(18.1)
      Fiscal year ended March 31, 2024	259,008	(0.5)	8,326	(11.2)	8,236	(9.3)	5,736	6.9

      (Note) Comprehensive income: Fiscal year ended March 31, 2025: ¥5,487 million [(39.3)%]

      Fiscal year ended March 31, 2024: ¥9,040 million [39.1%]

      	Profit per share	Diluted profit per share	Return on equity	Ordinary profit to total assets	Operating profit to net sales
      	Yen	Yen	%	%	%
      Fiscal year ended March 31, 2025	214.80	214.04	5.3	4.0	2.5
      Fiscal year ended March 31, 2024	262.43	261.33	6.9	5.4	3.2

      (Reference) Share of profit (loss) of entities accounted for using equity method: Fiscal year ended March 31, 2025: ¥65 million

      Fiscal year ended March 31, 2024: ¥28 million

   2. Consolidated Financial Position

      	Total assets	Net assets	Equity ratio	Net assets per share
      	Million yen	Million yen	%	Yen
      As of March 31, 2025	141,995	89,213	62.7	4,141.24
      As of March 31, 2024	156,027	87,083	55.7	3,976.49

      (Reference) Equity: As of March 31, 2025: ¥89,086 million

      As of March 31, 2024: ¥86,939 million

   3. Consolidated Cash Flows

   	Net cash provided by (used in) operating activities	Net cash provided by (used in) investing activities	Net cash provided by (used in) financing activities	Cash and cash equivalents at end of period
   Fiscal year ended March 31, 2025 Fiscal year ended March 31, 2024	Million yen 18,453 9,942	Million yen (15) (710)	Million yen (4,202) (2,283)	Million yen 33,305 18,422

2. Dividends

   	Annual dividends					Total dividends	Payout ratio (consolidated)	Dividends to net assets (consolidated)
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
   Fiscal year ended March 31, 2024	-	46.00	-	60.00	106.00	2,317	40.4	2.8
   Fiscal year ended March 31, 2025	-	53.00	-	53.00	106.00	2,302	49.3	2.6
   Fiscal year ending March 31, 2026 (Forecast)	-	68.00	-	68.00	136.00		61.0

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 to

(% indicates changes from the previous corresponding period.)

1. Significant changes in the scope of consolidation during the period: No

2. Changes in accounting policies, changes in accounting estimates and retrospective restatement

   1. Changes in accounting policies due to the revision of accounting standards: Yes

   2. Changes in accounting policies other than 1) above: No

   3. Changes in accounting estimates: No

   4. Retrospective restatement: No

3. Total number of issued shares (common stock)

   1. Total number of issued shares at the end of the period (including treasury stock): March 31, 2025: 21,612,037shares

      March 31, 2024: 22,824,977 shares

   2. Total number of treasury stock at the end of the period: March 31, 2025: 100,078 shares

      March 31, 2024: 961,549 shares

   3. Average number of shares during the period:

Fiscal year ended March 31, 2025: 21,884,152 shares

Fiscal year ended March 31, 2024: 21,857,635 shares

1. Non-consolidated Operating Results (% indicates changes from the previous corresponding period.)

   	Net sales		Operating	profit	Ordinary	profit	Profit
   Fiscal year ended March 31, 2025 Fiscal year ended March 31, 2024	Million yen	%	Million yen	%	Million yen	%	Million yen	%
   	179,588 227,628	(21.1) (2.3)	4,172 7,027	(40.6) (15.4)	4,989 7,090	(29.6) (16.7)	4,092 4,815	(15.0) (3.7)

   	Profit per share	Diluted profit per share
   	Yen	Yen
   Fiscal year ended March 31, 2025	187.01	186.35
   Fiscal year ended March 31, 2024	220.30	219.38

2. Non-consolidated Financial Position

   	Total assets	Net assets	Equity ratio	Net assets per share
   	Million yen	Million yen	%	Yen
   As of March 31, 2025	121,370	73,936	60.8	3,431.56
   As of March 31, 2024	139,525	73,642	52.7	3,362.09

   (Reference) Equity: As of March 31, 2025: ¥73,819 million

   As of March 31, 2024: ¥73,506 million

   • These financial results are outside the scope of audit by certified public accountant or audit firm.

   • Explanation of the proper use of financial results forecast and other notes

The statements concerning future performance presented in this document are prepared based on currently available information and certain preconditions which the Company believes to be reasonable at this time. Actual results may be different from any projections presented herein due to various factors.

(How to obtain supplementary briefing material on financial results)

A briefing session for institutional investors and analysts is scheduled to be held on Monday, May 19, 2025. The briefing material on financial results to be used on the day will be posted on the Company's website before the session.

(1) Consolidated Balance Sheets

(Million yen)

As of March 31, 2024 As of March 31, 2025

Assets

Current assets

Cash and deposits 19,284 33,311

Notes and accounts receivable - trade, and contract assets

57,267 44,840