FY2025 Supplementary Materials for Financial Results

‌YAMAZEN CORPORATION FY2025 Supplementary Materials for Financial Results

May 13, 2026

Stock Code: 8051

‌Table of Contents

• FY2025 Financial Highlights

• Earnings Forecasts for FY2026

  Appendix

  • Quarterly Net Sales Trends

  • Medium-Term Management Plan

  • Shareholder Returns

    • As the figures in this document are rounded down to the nearest million yen, the breakdowns may not match the totals. The percentage changes are rounded off to the first decimal place.

    • Unless otherwise noted, "FY2025 full-year forecast" refers to the figures announced on March 30, 2026.

    • The plans, future prospects, strategies and other information in this document that do not relate to past or present facts are forecasts of future performance and are based on the judgments and assumptions derived from information currently available to the Company's management. Therefore, actual results may differ significantly due to uncertainties, economic conditions, and other risk factors. Furthermore, this document is not intended to solicit investment. Please make investment decisions at your own discretion.

• ‌FY2025 Financial Highlights

• Earnings Forecasts for FY2026

  Appendix

  • Quarterly Net Sales Trends

  • Medium-Term Management Plan

  • Shareholder Returns

‌FY2025 Consolidated Profit and Loss Results

(Million yen)

Net sales: 541,885 million yen

• Demand for capital investment overseas increased.

• Demand for air conditioning, water heating equipment, and other housing equipment remains strong.

  Gross profit: 83,028 million yen

• Gross profit increased due to sales growth mainly in Global and Building Materials.

• Gross profit margin increased due to an increased share of high-margin Global and Home Products.

  Operating profit: 12,041 million yen

  ROE (Return on Equity)	6.1%	7.0%	+1.0pt
  ROA (Ratio of ordinary profit to total assets)	3.4%	4.0%	+0.6pt
  EPS (Earnings per share)	90.63 yen	109.46 yen	+18.83 yen
  BPS (Book value per share)	1,481.00 yen	1,612.56 yen	+131.55 yen

• Operating profit increased as the increase in gross profit outweighed higher personnel expenses and commission expenses.

  Profit: 9,330 million yen

  attributable to owners of parent

• Gains on the sale of policy shareholdings decreased from the previous year, resulting in a reactionary decrease in extraordinary gain.

  ‌FY2025 Results by Segment

  
  
  

  (Million yen)

  			Net sales					Segment profit (based on disclosed segments, bottom row is operating profit margin)
  			Full-Year Results			Full-year Forecasts		Full-Year Results			Full-year Forecasts
  			FY2024	FY2025	YoY	FY2025	Achievement rate	FY2024	FY2025	YoY	FY2025	Achievement rate
  Production Equipment			Machine Tools	72,217	71,270	−1.3%	71,000	100.4%
  			Industrial Solution	95,049	99,411	+4.6%	99,000	100.4%
  			Tool & Engineering	80,204	81,575	+1.7%	81,000	100.7%
  			Domestic total	247,471	252,257	+1.9%	251,000	100.5%
  			Global	85,733	96,961	+13.1%	95,000	102.1%
  	Total		333,205	349,218	+4.8%	346,000	100.9%	8,291	10,423	+25.7%	10,000	104.2%
  								2.5%	3.0%	+0.5pt	2.9%	-
  Consumer Goods		Building Materials	78,623	87,403	+11.2%	85,000	102.8%	3,192	3,662	+14.7%	3,600	101.7%
  								4.1%	4.2%	+0.1pt	4.2%	-
  		Home Products	100,883	101,560	+0.7%	102,000	99.6%	4,449	4,810	+8.1%	4,800	100.2%
  								4.4%	4.7%	+0.3pt	4.7%	-
  	Total		179,506	188,964	+5.3%	187,000	101.1%	7,641	8,473	+10.9%	8,400	100.9%
  								4.3%	4.5%	+0.2pt	4.5%	-
  Other			3,414	3,702	+8.4%	2,000	185.1%	−6,396	−6,854	-	−6,900	-
  								-	-	-	-	-
  Consolidated			516,126	541,885	+5.0%	535,000	101.3%	9,535	12,041	+26.3%	11,500	104.7%
  								1.8%	2.2%	+0.4pt	2.1%	-

  ‌Production Equipment Segment Overview (Domestic/Global)

  
  
  

  Domestic Production Equipment Business

  • In the Machine Tools Business, sales of machine tools to automotive parts processing manufacturers, which are our major customers, were slightly below the previous year's level.

  • In the Industrial Solution Business, sales remained strong for equipment and devices that respond to the needs for automation, labor saving, and improving working environments.

  • In the Tool & Engineering Business, sales of various work supplies used at production sites and small equipment were strong.

    Overseas Production Equipment

  • We made up for delays up to the third quarter by capturing demand related to aerospace, power generation, and data centers in North America, and AI and semiconductors in Taiwan.

  • We captured demand from capital investment by domestic demand-oriented companies in China and in ASEAN due to the transfer of production from other countries, with results remaining strong.

    (Million yen)

    		Net sales	FY2024	FY2025	YoY	Full-year Forecasts	Achievement rate
    	Domestic Production Equipment	Machine Tools Business	72,217	71,270	−1.3%	71,000	100.4%
    		Industrial Solution Business	95,049	99,411	+4.6%	99,000	100.4%
    		Tool & Engineering Business	80,204	81,575	+1.7%	81,000	100.7%
    		Total	247,471	252,257	+1.9%	251,000	100.5%
    	Global Production Equipment	Global Business	85,733	96,961	+13.1%	95,000	102.1%
    	Total	Net sales	333,205	349,218	+4.8%	346,000	100.9%
    		Segment profit	8,291	10,423	+25.7%	10,000	104.2%
    		Segment profit margin	2.5%	3.0%	+0.5pt	2.9%	-

    ‌Consumer Goods Segment Overview (Building Materials/Home Products)

    Building Materials Business

    • Sales of air conditioning equipment were strong due to the extreme heat and demand for energy-saving renovations and replacement of products such as water heaters

      that meet consumers' cost-saving needs also remained firm.

    • We strengthened proposals for facility renovations that combine environmentally friendly materials and construction in the non-residential sector such as office buildings, which improved the profit margin.

      (Million yen)

      		FY2024	FY2025	YoY	Full-year Forecasts	Achievement rate
      	Net sales	78,623	87,403	+11.2%	85,000	102.8%
      	Segment profit	3,192	3,662	+14.7%	3,600	101.7%
      	Segment profit margin	4.1%	4.2%	+0.1pt	4.2%	-

      Home Products Business

    • Expanding the product lineup and improving information dissemination of the YAMAZEN brand (private brand) through social and other media.

    • Sales remained solid for workwear with built-in cooling fans and spot coolers due to the extreme heat last summer, and by sales channel, growth in e-commerce contributed to increased sales.

    • Sales also grew on online platforms such as Rakuten, and net sales and membership also grew steadily on Yamazen Bizcom, our own e-commerce site for corporations and sole proprietors.

      (Million yen)

      		FY2024	FY2025	YoY	Full-year Forecasts	Achievement rate
      	Net sales	100,883	101,560	+0.7%	102,000	99.6%
      	Segment profit	4,449	4,810	+8.1%	4,800	100.2%
      	Segment profit margin	4.4%	4.7%	+0.3pt	4.7%	-

      ‌Factors for Changes in Operating Profit

      
      
      

      Increase in gross profit (+6,058)

      +2,216

      Gross profit margin factors

      (Million yen)

      • Factors for profit increase ■ Factors for profit decrease

Increase in SG&A expenses

-3,552

9,535

+3,841

Net sales factors

Strong sales, mainly in overseas markets and Building Materials

Improvement in gross profit margin due to an increased share of high-margin Global and Home Products

12,041

FY2024

Operating profit

Copyright © YAMAZEN CORPORATION

Up 2,505 YoY

FY2025

Operating profit

7

‌Consolidated Financial Position

Total assets 292.2

Total assets 351.9

20.5

Long-term liabilities

Current liabilities

143.7

Current assets

229.4

(+59.7)

(Billion yen)

※ Market capitalization is calculated by multiplying the closing price at the end of the fiscal year by the number of shares outstanding (excluding treasury shares) on the same date.

※ Basic operating cash flow is calculated by deducting changes in working capital from operating cash flow.

※ Rounded down to the nearest 100 million yen.

※ Figures in parentheses in the graphs represent the change from the end of the previous fiscal year.

Long-term liabilities

40.7

(+20.2)

Current liabilities

171.0

(+27.2)

Current assets

277.4

(+48.0)

End of Mar. 2025

End of Mar. 2026

• ‌FY2025 Financial Highlights

• Earnings Forecasts for FY2026

Appendix

‌FY2026 Full-year Earnings Forecasts

Net sales +5.2% YoY

Although the economic environment remains uncertain, we will capture recovery demand centered on production equipment and effectively utilize the business foundation that has been implemented and expanded to strengthen sales capabilities and further expand market share.

Operating profit: +10.4% YoY

Although amortization of core and logistics system costs, as well as increases in personnel and logistics-related expenses, are expected, we aim to further improve the gross profit margin and review SG&A expenses, including streamlining sales activities.

(Million yen)

‌FY2026 Full-year Earnings Forecasts by Segment

(Million yen)

‌FY2026 Full-year Earnings Forecasts for the Production Equipment

* Figures in parentheses represent Y-o-Y change.

Production Equipment

Net sales: 372,000 million yen (+6.5%) Segment profit: 12,500 million yen (+19.9%) Segment profit margin: 3.4%

(Million yen)

400,000

300,000

200,000

100,000

Machine Tools

28,326

29,652

108,000

96,961

52,724

56,080

78,234

80,204

81,575

83,000

89,817

95,049

99,411

107,000

79,559

72,217

71,270

74,000

▶ Expand sales of machine tools and increase orders by utilizing subsidies

▶ Cultivate new customers by expanding sales of not only machine tools but also metal forming machines, industrial machinery, machine peripheral equipment, etc.

Industrial Solution

▶ Accelerate solution proposals for automation, labor saving, workload reduction, environmental improvement, etc.

▶ Expand sales of original products and strengthen new product development

Tool ＆ Engineering

▶ Strengthen approaches to new fields and growth industries

▶ Strengthen the development and expanding the sales of original products

▶ Improve operational efficiency by automating order-taking operations through "Teraido"

0

FY2023 FY2024 FY2025 FY2026 Forecasts

Global

▶ Improve profitability by optimizing the product portfolio and developing strategic inventory

▶ Develop markets for semiconductor-related products and new energy, etc., and expand the range of products handled

▶ Promote cross-border marketing strategies and the development of bases that support

Machine Tools Industrial Solutions

T&E (Formerly) Overseas Machine Tools

(Formerly) Overseas Industry S + T&E Global

global manufacturing

* In FY2026, certain figures within Tool & Engineering are reclassified Industrial Solution

‌FY2026 Full-year Earnings Forecasts for Building Materials and Home Products

* Figures in parentheses represent Y-o-Y change.

Building materials

Net sales: 90,000 million yen (+3.0%) Segment profit: 3,700 million yen (+1.0%) Segment profit margin: 4.1%

(Million yen)

Building materials

▶ Strengthen sales efforts for installation projects handled in-house or by partner

companies

▶ Focus on new energy proposals such as PPAs and bundled proposals for solar power and storage batteries

▶ Focus on the renovation support business for home appliance retailers

▶ Generate service revenue by strengthening subsidy support activities and consulting services for municipalities

100,000

50,000

0

FY2023 FY2024 FY2025 FY2026 Forecasts

Home Products

Net sales: 103,000 million yen (+1.4%) Segment profit: 4,900 million yen (+1.9%) Segment profit margin: 4.8%

Home Products

▶ Enhance the development capabilities, product mix, and brand strength of private brand products

▶ Improve service levels through the operation of a dedicated EC logistics facility

▶ Develop B2B sales channels

▶ Expand sales and membership at Yamazen Bizcom, our own e-commerce site

(Million yen)

120,000

80,000

40,000

0

FY2023 FY2024 FY2025 FY2026 Forecasts

‌Appendix

• Quarterly Net Sales Trends

• Medium-Term Management Plan

• Shareholder Returns

‌Quarterly Sales Trends: FY2025 Results by Segment

(Million yen)

‌Quarterly Sales Trend: Consolidated Net Sales

(Million yen)

160,000

FY2021 FY2022 FY2023 FY2024 FY2025

140,000

120,000

100,000

80,000

60,000

40,000

20,000

0

Q1 Q2 Q3 Q4

‌Quarterly Sales Trend: Production Equipment Segment (Domestic/Global)

(Million yen)

80,000

Domestic Machine Tools

Domestic Industrial Solution

Domestic T&E

60,000

40,000

20,000

0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

FY2021 FY2022 FY2023 FY2024 FY2025

(Million yen)

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

Overseas Machine Tools Overseas Industrial Solutions + T&E ◼ Global

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

FY2021 FY2022 FY2023 FY2024 FY2025

‌Quarterly Sales Trend: Consumer Goods Segment (Building Materials/Home Products)

(Million yen)

30,000

25,000

20,000

15,000

10,000

5,000

0

Home Products

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

FY2021 FY2022 FY2023 FY2024 FY2025

(Million yen)

25,000

Building Materials

20,000

15,000

10,000

5,000

0

‌Medium-Term Management Plan: Net sales, profit, and Management Indicators

• Sales/Profits

• Management Indicators

  (Million yen)

  (Million yen)

  	FY2025 Results	FY2026 Forecasts Vs. FY2025 Results		FY2027 Forecasts Vs. FY2025 Results
  Return on Equity (ROE)	7.0%	6.5%	−0.5pt	8.0%	+1.0pt
  Basic operating cash flow	13,470	13,800	+2.4%	14,000	+3.9%
  Shareholders' equity ratio	39.3%	40～45%	-	40～45%	-

  ‌Medium-Term Management Plan: By Segment

  
  
  

  (Million yen)

  			Net sales					Segment profit (based on disclosed segments, bottom row is operating profit margin)
  			Results	FY2026 Forecasts		FY2027 Forecasts		Results	FY2026 Forecasts		FY2027 Forecasts
  			FY2025		Vs. FY2025 Results		Vs. FY2025 Results	FY2025		Vs. FY2025 Results		Vs. FY2025 Results
  Production Equipment		Machine Tools	71,270	74,000	+3.8%	77,000	+8.0%
  		Industrial Solution	99,411	107,000	+7.6%	112,000	+12.7%
  		Tool & Engineering	81,575	83,000	+1.7%	88,000	+7.9%
  		Domestic total	252,257	264,000	+4.7%	277,000	+9.8%
  		Global	96,961	108,000	+11.4%	120,000	+23.8%
  	Total		349,218	372,000	+6.5%	397,000	+13.7%	10,423	12,500	+19.9%	13,500	+29.5%
  								3.0%	3.4%	+0.4pt	3.4%	+0.4pt
  Consumer Goods		Building materials	87,403	90,000	+3.0%	93,000	+6.4%	3,662	3,700	+1.0%	4,000	+9.2%
  								4.2%	4.1%	−0.1pt	4.3%	+0.1pt
  		Home Products	101,560	103,000	+1.4%	110,000	+8.3%	4,810	4,900	+1.9%	5,500	+14.3%
  								4.7%	4.8%	+0.0pt	5.0%	+0.3pt
  	Total		188,964	193,000	+2.1%	203,000	+7.4%	8,473	8,600	+1.5%	9,500	+12.1%
  								4.5%	4.5%	−0.0pt	4.7%	+0.2pt
  Other			3,702	5,000	+35.0%	0	-	−6,854	−7,800	-	−7,000	-
  								-	-	-	-	-
  Consolidated			541,885	570,000	+5.2%	600,000	+10.7%	12,041	13,300	+10.4%	16,000	+32.9%
  								2.2%	2.3%	+0.1pt	2.7%	+0.4pt

  * The forecasts by segment for FY2027 were revised on May 13, 2026, and certain figures within T&E were reclassified into Industrial Solution for FY2026 and FY2027.

  ‌Shareholder Returns

  
  
  

  • The higher amount between a 40% dividend payout ratio and a 3.5% dividend on equity will be adopted.

(Yen)

Profit per share (yen)

Annual dividend per share (yen)

Treasury share

acquisition amount

Approx. 6 billion yen

Treasury share

acquisition amount Approx. 5 billion yen

133.7

141.0

109.5

85.6

104.6

80.3

73.0

90.6

30.0

50.0

52.0

54.0

56.0

20.0

35.0

40.0

160

140

120

100

80

60

40

20

0

FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast

‌