Presentation Material for Financial Results FY2025

‌FY2025‌

Financial Results

（From April 1, 2025 to March 31,2026）

Scroll Corporation

（TSE Prime Market: 8005）

‌目次

・Business Segments and Overview

・New Corporate Identity/ Key Visual

・Company Profile

‌Highlights (consolidated)

• On a consolidated basis, increased sales but decreased profit

• We recorded losses such as loss on business restructuring and impairment loss on goodwill, resulting in a significant decrease in net profit.

• We have recorded extraordinary losses of 1,615 million yen, including loss on business restructuring and impairment

  loss on goodwill.

• Yen(¥) denotes Japanese yen. The same notation is used on all pages below.

Copyright© Scroll Corporation. All Rights Reserved. 3

‌Trends in consolidated net sales and ordinary profit (Full year)

• Net sales reached a record high, driven by the Solutions Business

• Ordinary profit: Weighed down by the Mail-order Business's decreased sales and

  profit（-4.0% YoY）

  Trends in net sales

  (Billions of yen)

  Trends in ordinary profit

  (Billions of yen)

  Solutions Business Mail-order Business
  
  E-commerce Business Others (Adjustments)
  
  Solutions Business Mail-order Business
  
  E-commerce Business Others
  
  

  81.3

  81.0

  79.8

  72.6

  85.1

  84.0

  88.5

  Ordinary profit

  / net sales Ratio ％

  8.8 8.7

  
  
  

  7.5

  7.6

  6.9

  7.6 7.0

  3.2

  7.0

  6.1

  5.5

  6.4 6.1

  2.2

  FY 2019 2020 2021 2022 2023 2024 2025 FY

  
  
  

  ‌Balance sheet statement (consolidated)

  • Equity ratio: 63.9％（-1.2 pt YoY）

    Total liabilities

    19,561

    21,333

    +1,772

    Total net assets

    36,470

    37,694

    +1,224

    Total liabilities and net assets

    56,032

    59,028

    +2,996

    Equity ratio

    65.1%

    63.9%

    -1.2P

    （Millions of yen）	March 31, 2025	March 31, 2026	Changes amount
    Current assets	38,679	39,519	+840
    Non-current assets	17,352	19,508	+2,156
    Total assets	56,032	59,028	+2,996
    Current liabilities Non-current liabilities	17,903 1,658	19,668 1,665	+1,765 +7

    ＜Main factors of increase/decrease＞

    Cash and deposits	+2,595
    Accounts receivable - other	-1,778
    Construction in progress	+1,041
    Investments securities	+1,717

    Accounts payable - other +1,866

    Retained earnings		+800
    Treasury shares		-999
    Valuation difference for-sale securities	on	available- +1,187

    
    
    

    ‌Cash flows statement (consolidated)

• Cash and cash equivalents at the end of the period is 10,721 million yen (5,095 million yen increased compared to the end of the previous consolidated fiscal year).

（Millions of yen）

6,939

4

10,721

Cash flows from

investing activities

- 2,988

5,625

Cash flows from

operating activities

Cash flows from

financing activities

Others

1,141

Cash and cash equivalents at the beginning of period

＜Main factors of increase/decrease＞

Cash and cash equivalents at the end of period

Net profit before income taxes ＋4,552 Decrease in accounts receivable - other +1,089 Decrease in inventories ＋912

Income taxes paid -2,527

Acquisition of consolidated subsidiary shares -458

Purchase of property plant and equipment -698

Cash flows from financing activities

Purchase of treasury shares -1,024

Cash dividends paid -1,962

‌FY2025 Dividends per share

• FY2025 Dividends per share

Trends in annual dividends (Yen)

64.5

59.0

48.0

51.5

42.0

Year-end

dividends Interim

dividends

FY2021 FY2022 FY2023 FY2024 FY2025

Actual

・Dividends for FY2025 is as follows :

Interim dividends ¥29.5

Year-end dividends ¥29.5

Annual dividends ¥59.0

* Consolidated dividend payout ratio 73.1％ DOE 5.4％

※Acquired treasury shares

Acquisition period ：From November 5, 2025 to January 13, 2026 Common shares of the Company ：790,000 shares

Total amount of acquisition ：¥999,868,680

‌Segment Performance (FY2025 Actual)

Solutions Business

（Millions of yen）

Key Takeaways

Net sales

(Millions of yen)

・High revenue driven mainly by strong new contracts in logistics outsourcing

Opened a new logistics center, SLC Tsukuba, in June 2025

・Improved profitability driven by rectifying unprofitable structures (e.g., price revisions and changes in terms)

Consolida ted net sales 88,548

40%

Scroll360 Corporation Fulfillment services, marketing support, etc.

CatchBall, Inc. Provision of Buy Now, Pay Later (BNPL) services

Moshimo Co.,Ltd. Offering affiliate and digital marketing services

BeBorn co.,ltd. Multilingual call center and translation services

ZonExpert Co.,Ltd. Amazon consulting and account management

Chengdu Yinhena Internet Service Co.,Ltd.

E-commerce operations outsourcing and E-commerce support for the Chinese market

＊Composition ratio before consolidation adjustments

‌Segment Performance (FY2025 Actual)

Mail-order Business

（Millions of yen）

Key Takeaways

Net sales

(Millions of yen)

・Struggled to secure orders during our peak season from early to mid-summer due to a declining customer base, inflation, and shifting market trends

・Lower profit margin due to inventory clearance and the weak yen

Consolida ted net sales 88,548

39%

Scroll Corporation

Catalog and online sales

Scroll International Corporation Provision of apparel-specific AI systems and apparel OEM production

＊Composition ratio before consolidation adjustments

* We have changed some of the reportable segment classifications from FY2025.

(Some overseas subsidiaries that were included in the Group Jurisdiction Business until FY2024 have been transferred to the Mail-order Business.)

For the comparison with the previous period, we have adjusted the figures from the previous year to reflect the new reporting segments.

‌Segment Performance (FY2025 Actual)

E-commerce Business

（Millions of yen）

Key Takeaways

Net sales

(Millions of yen)

・Withdrew from unprofitable businesses (parallel imports and travel) due to deteriorating profitability caused by price competition in online marketplace (Recorded an extraordinary loss)

・Meanwhile, sales of emergency preparedness products remained strong against the backdrop of growing public awareness of disaster prevention

16％

Consolida ted net sales 88,548

＊Composition ratio before consolidation adjustments

Naturum Co., LTD. E-commerce sales of outdoor, fishing, and

MIYOSHI corporation Sales of emergency preparedness products

Kinari Corporation Cosmetics manufacturing and sales

AXES Co., Ltd.

E-commerce sales of international brand bags

TRAVEX TOURS INC.

Planning and sales of travel packages

Copyright© Scroll Corporation. All Rights Reserved. 12

‌Medium- to Long-Term Vision

Formulated a medium- to long-term vision outlining our target state by our 90th anniversary (FY2029), aiming to remain a company essential to society for 100 years and beyond

Redefined our target state

Leveraging the customer insights cultivated through direct marketing, the Scroll Group,

will evolve into a company that delivers solutions for all aspirations to

Vision

Purpose

To support the emergence of affluent lifestyles in tune with the times through our direct solutions.

business, daily life, and society

To be a company that provides

"Solutions for All Aspirations" of individuals, society at large, and our planet.

Mission

To remain a diverse and unique direct solution company (DSC) unafraid of change.

Corporate Motto

To be a company trusted by society To do business in an honest, ethical, and enriching manner

Copyright© Scroll Corporation. All Rights Reserved. 13

‌Medium- to Long-Term Vision

Medium- to Long-Term Vision

our target state by our 90th anniversary (FY2029)

Further evolution into Direct Solution Company

Our core competence is the expertise cultivated through continuous, direct engagement with customers via the Mail-order Business and solution services. Leveraging this expertise to resolve customer pain points through the most direct paths (Direct) embodies the "Direct Solution" we aim to deliver.

FY2025

Actual

Consolidated net profit

¥2.76 billion

ROE 7.5％

Total payout ratio 109.0％

FY2029

Targets

Consolidated net profit

¥6 billion

ROE 15.0％

Total payout ratio Around 60％

‌Progress of medium- to long-term vision

Establish the Solutions Business as our next core pillar in terms of profitability as well

－Strengthen profitability through front-line execution and quality improvements, driven by deep customer insights

－Acquisition of new capabilities through M&A and other means

－Reassess unprofitable and low-margin businesses from the perspective of capital

efficiency, and concentrate management resources on growth areas

15.0

12.2

11.1

ROE

Ratio ％

7.5

FY 2024 2025 2026 2027 2028 2029

FY 2024 2025 2026 2027 2028 2029

‌FY2026 Management Plan

Drive a business portfolio transformation that balances earnings stability and growth through synergies between our two core profit foundations, the Solutions Business and the Mail-order Business.

FY2026 Net sales / ordinary profit Composition by segment

Net

sales

11%

Net

sales

90,000

44%

40%

Ordinary

profit

(Millions of yen)

3%

32%

Ordinary

profit 6,500

65%

(Millions of yen)

＊Composition ratio before

‌FY2026 Key Policies

（１）Restoring profitability by balancing growth and turnaround

• Solutions Business

  Evolving our earnings structure to achieve the FY2028 target of 8% ordinary profit margin

  Logistics outsourcing

  1. Sophistication of the profit foundation

  －Maximizing space efficiency

  －Enhancing productivity through automation

  －Reallocating surplus resources to growth areas

Payment processing

Marketing support

‌FY2026 Key Policies

• Mail-order Business

Driving mid-to-long-term structural transformation and restoring earning power

◎Ensuring stable profit levels through market adaptation and environmental resilience

Leveraging AI：

Product Enhancing LightChain* capabilities

planning and and accelerating product development

development * Apparel-specific AI system provided by our subsidiary,

Scroll International Corporation

Catalog

production

Product

procure ment

Maximizing

gross profit

Creating customers： Optimal production in optimal locations：

Agile catalog structuring Controlling cost-to-sales ratio,

based on customer insights minimizing opportunity loss and excess inventory

‌FY2026 Key Policies

（２）Promotion of agile 'responsibility' management

1. Accelerating management focused on capital efficiency (e.g., ROE) and shareholder

returns

• Enhancing ROE through business portfolio optimization and distribution of excess capital

• Implementing an optimal dividend policy and flexible share buybacks in line with the target total return ratio

• Fostering market understanding of our growth story and appropriately responding to Corporate Governance Code revisions

  2. Continuously advancing environmental conservation and the transition to a decarbonized

  society through our business activities

• Product development and procurement considering environmental and social issues

  －By FY2030, 50％ of SDGs-related product mix (apparel items)

• Reduction of plastic materials in packaging materials

  －By FY2030, 65％ reduction (compared to FY2021)

• Reduction in paper usage

  －By FY2030, 25％ reduction (compared to FY2021)

• Efforts towards CO2 reduction

  －By FY2030, over 50％ reduction (Scope2: Office and logistics facilities)

  3. Driving autonomous task diversity management to hone "individual capabilities" and

  maximize "collective strength"

• Embedding HR and training systems that promote career development focused on frontline experience

• Promoting intra-group collaboration to create "customer-centric" added value through the integration of

  diverse insights

• Enhancing "organizational vitality" by fostering a culture that rewards challenges, empowering women,

and embedding flexible work styles

50

‌Capital Allocation Policy (FY2025~FY2029)

0

Leveraging

interest-bearing debt

45

Effective utilization of assets:

¥2 billion

40

35

30

Strategic

investment

¥15 billion

Operating

cash flows

¥33 billion

25

20

Growth

investment

10 billion

15

FY2025

～

FY2029

5-year cumulative

10

5

Shareholder

return

Around

¥16 billion

Sources of cash

Allocation

(Billions of yen)

‌About shareholder returns（Announced May 7, 2026）

• Basic policy on shareholder returns (FY2026 onwards)

  ・We promote ROE-oriented management, aiming for direct profit returns and the maximization of the medium to long term shareholder value.

  ・Toward achieving the ROE of 15% or higher set forth in our medium- to- long-term vision (FY2029), we will implement a progressive dividend, based on whichever is higher: consolidated dividend payout ratio of 60% or consolidated dividend on equity (DOE) of 8.5%.

  ・After implementing growth investments aimed at maximizing corporate value and ensuring a stable distribution of profits, if there is further room for additional returns, we will flexibly undertake measures such as share buybacks to return value to our shareholders.

  Maintaining a

  progressive dividend

  Forecast

  Actual

  2026 2027 2028 2029

  2025

  2023 2024

  Commemora-

  tive dividends Year-end

  dividends Interim

  dividends

  51.5

  42.0

  48.0

  60

  40

  20

  0

  FY 2022

  59.0

  Trends in annual dividends

  102.0

  （Yen）

  120

  100

  80

  
  
  

• FY2026 Dividends per share (Forecast)

  Commemorative dividends (Interim) ¥2.5

  (Year-end) ¥2.5

  Interim dividends (Forecast) ¥48.5

  Year-end dividends (Forecast) ¥48.5

  Annual dividends (Forecast) ¥102.0

  * Implementing a commemorative dividend to mark the 40th anniversary of listing on the TSE First Section (currently the Prime Market)

• About shareholder benefit program

・In order to enhance shareholder returns through dividends and other measures, this program will be discontinued upon delivery of the shareholder benefits to shareholders holding 100 shares (one unit) or more as of March 31, 2026, as recorded in the shareholder registry.

‌Appendix‌

・Business Segments and Overview

・New Corporate Identity/ Key Visual

・Company Profile

‌Business Segments and Overview

（As of May 7, 2026）

Solutions Business

E-commerce Business

Group Jurisdiction Business

We offer a "One-Stop Solution Service" to support e-commerce/mail-order business vendors 360-degree.

We primarily offer mail-order sales (catalog and some online) targeting members of co-op

home delivery services.

Mail-order

Business

SCROLL

TRADING (SHANGHAI) Co.,LTD.

SCROLL

VIETNAM CO.,LTD.

SCROLL BANGLADESH CO.,LTD.

We mainly conduct internet sales of specialized products through our own website and online shopping malls.

We manage logistics centers at various locations nationwide, utilize real estate effectively.

* We have changed some of the reportable segment classifications from FY2025. (Some overseas subsidiaries that were included in the Group Jurisdiction Business until FY2024 have been transferred to the Mail-order Business.)

‌New Corporate Identity/ Key Visual

‌Company Profile

Headquarters ： 2-24-1 Sato, Chuo-ku, Hamamatsu, Shizuoka President and CEO ： Tomohisa Tsurumi

Established ： October 1, 1943

Stock code ： 8005 (TSE Prime Market)

Capital ： ¥6,229 million（As of March 31, 2026)

Main business activities ： Solutions Business for e-commerce/mail-order

business vendors, as well as E-commerce and Mail-order Business of apparel, general merchandise, etc.

‌Contact Corporate Planning Department, Corporate Management Division Telephone : +81-53-464-1114 (direct line)

E-mail : ir＠mb.scroll.jp

★Caution regarding forward-looking statements

The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize such statements. Actual business and other results may differ from the forecast figures due to various factors going forward.

Copyright© Scroll Corporation. All Rights Reserved.