Financial Results for the Three Months

〔Under Japanese GAAP〕

Registered Company Name: V Technology Co., Ltd.

Code Number: 7717, Tokyo Stock Exchange URL: https://www.vtec.co.jp

August 8, 2025

Representative: Shigeto SUGIMOTO (President & CEO)

Contact: Masahiro ONO (Leader of IR Office) TEL: 045-338-1981

Planned Date for commencement of dividend payments: -Supplementary materials for the financial statements: Yes Briefing session on financial results: None)

(Amounts less than one million yen have been omitted.)

1. Business Performance (April 1, 2025 to June 30, 2025)
   1. Consolidated Results of Operations

      	3 months ended June 30, 2024		3 months ended June 30, 2025
      	Amount	YoY(%)	Amount	YoY(%)
      Net sales (Millions of Yen)	9,523	＋65.6	7,998	16.0
      Operating profit or loss(△) (Millions of Yen)	△948	—	△514	—
      Ordinary profit or loss(△) (Millions of Yen)	△759	—	△589	—
      Net profit or loss(△) attributable to owners of the parent (Millions of Yen)	△656	—	△665	—
      Comprehensive Income or loss(△) (Millions of Yen)	△514	—	△510	—
      Net profit or loss(△) per share (Yen)	△68.22	—	△70.46	—
      Diluted net profit per share (Yen)	—	—	—	—

   2. Consolidated Financial Position

      	As of March 31 ,2025	As of June 30, 2025
      Total assets(Millions of Yen)	73,201	71,132
      Net assets(Millions of Yen)	33,581	32,691
      Equity ratio(％)	45.8	45.9
      *Reference: Shareholders’ equity (Millions of Yen)	33,500	32,634

2. Dividends

   	Year ended March 31 2025	Year ending March 31 2026	FY2026/3 Forecast
   1Q-end dividends per share (Yen)	—	—	—
   2Q-end dividends per share (Yen)	40.00	—	40.00
   3Q-end dividends per share (Yen)	—	—	—
   Year-end dividends per share (Yen)	40.00	—	40.00
   Anual dividends per share (Yen)	80.00	—	80.00

   Note: Revision of dividend forecast from the most recently announced dividend forecast is None.

3. Forecast for the Fiscal Year ending March 31, 2026 (April 1, 2025 through March 31, 2026)

Note: Revision of dividend forecast from the most recently announced dividend forecast is None.

1. Changes in significant subsidiaries during the period(April 1, 2025 through June 30, 2025)：None

2. Changes in specified subsidiaries associated with changes in scope of consolidation) : None

3. Changes in accounting policies, Changes in accounting estimates, or Restatement

   1. Changes in accounting policies due to changes in accounting standards: None

   2. Changes other than “i.” above: None

   3. Changes in accounting estimates: None

   4. Restatements: None

4. Number of Shares Outstanding (Common stock)

The forward-looking statements in this document, including earnings forecasts, are based on information currently available to the Company and certain assumptions that the Company believes to be reasonable. Actual results may differ materially from these statements due to a variety of factors.

Refer to "1. Qualitative Information on Quarterly Results (3) Explanation of Forward-Looking Statements" on page 3 of the attached materials for the assumptions used and precautions regarding the use of earnings forecasts.

1. Qualitative Information on Quarterly Results
   1. Explanation of Business Results

      The global economy has become increasingly uncertain due to major changes in foreign policy and trade and tariff policies, as well as further escalation of tensions between the United States and China.

      The United States maintained positive growth, but private demand remained sluggish, and the situation remains unpredictable. China saw steady retail sales and industrial production thanks to economic stimulus measures, but prices remained sluggish. Europe saw moderate growth, with varying degrees of performance across countries.

      Japan's economy remained in a very slow recovery phase amid concerns over the impact of U.S. tariff policies.

      As for the consolidated business results of V Technology group (herein after “the group” or the company) for the first quarter of the current fiscal year ending March, 2026, net sales amounted to 7,998 million yen (9,523 million yen for the same period last year), and operating loss amounted to 514 million yen (operating loss 948 million yen for the same period last year), Ordinary loss was 589 million(ordinary loss 759 million yen in the same period of the previous year), Net loss attributable to owners of the parent amounted to 665 million(net loss of 656 million in the same period of the previous fiscal year).

      Orders received by the Group was 9,262 million yen(9,879 million yen in the same period of the previous year). As a result, the order backlog at the first quarter of the current fiscal year under review amounted to 44,928 million yen (37,456 million yen in the same period of the previous year).

      Segment results are as follows.

      (FPD Equipment Business)

      In the flat panel display (FPD) business, the panel market remained strong for large panels, and capex was generally in line with plans.

      Under these circumstances, orders received in the Group's FPD equipment business during the current first quater of the fiscal year ending March 31, 2026 totaled 5,347million yen (7,237 million yen in the same period of the previous year), with an order backlog of 26,840 million yen (19,497 million yen in the same period of the previous year), net sales amounted to 3,314 million yen (7,639 million yen in the same period of the previous year), and operating loss was 324 million yen (operating loss 334 million yen in the same period of the previous year).

      (Semiconductor and Photomask Equipment Business)

      In the semiconductor and photomask equipment business, there were no major changes in related capital investments, and operations proceeded largely as planned.

      Under these circumstances, orders received by the Group in the semiconductor and photomask equipment business during the current first quarter of the fiscal year ending march 31 2026 totaled 3,545 million yen (2,254 million yen in the same period of the previous year), and the order backlog totaled 18,087 million yen (17,959 million yen in the same period of the previous year), net sales amounted to 4,315 million yen (1,495 million yen in the same period of the previous year), and operating loss was 169 million yen (operating loss 554 million yen in the same period of the previous year).

   2. Explanation of Financial Condition

      BS

      (Assets)

      Current assets at the end of the first quarter of the current financial year decreased by 2,069 million to 71,132 million compared to the end of the previous financial year. This was mainly due to decreases of 3,541 million in Cash and deposits and increase of 1,904 million in work in progress.

      (Liabilities)

      Current liabilities at the end of first quarter of the current financial year decreased by 1,178 million to 38,440 million compared to the end of the previous financial year.This was mainly due to decrease of 1,435 million in long term loans payable.

      (Net assets)

      Net assets at the end of first quarter of the current financial year decreased by 890 million to 32,691 million compared to the end of the previous financial year. This was mainly due to a decrease of 1,050 million in retained earnings.

   3. Explanation of Forward-Looking Statements

      As a result of taking into account the results for the first quarter of the year under review and future trends, there are currently no changes to the forecast for the year ending 31 March 2026 from the forecast in the 'Summary of financial results for the year ended 13 May 2025'.

2. Consolidated Financial Statements and Major Notes

（1）Consolidated Balance Sheets

(Millions of yen)

Comprehensive income attributable to non-controlling interests

△72 △28