FY2026 1Q Financial Results

August 8, 2025

Company Name: Yushin Company

Listing: Standard Market of the Tokyo Stock Exchange Securities code: 6482

URL: https://www.yushincompany.jp/en/

Representative: Takayo Kotani, Representative Director and President

Inquiries: Kota Oda, Director and Executive Vice President, General Manager of Administration Division Tel: +81-75-933-9555

Scheduled date to commence dividend payments: -Preparation of supplementary materials on financial results: None Holding of financial results briefing: None

(Amounts less than one million yen are omitted, unless otherwise noted)

1. Consolidated Business Results for the First Quarter Ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
   1. Consolidated operating results (Cumulative)

      (Percentages indicate year-on-year changes)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      June 30, 2025	5,321	(4.8)	158	28.6	119	(27.0)	72	(30.2)
      June 30, 2024	5,589	19.7	122	(14.4)	163	(36.4)	103	(19.5)

      Note: Comprehensive income

      Three months ended June 30, 2025: 91 million yen [ (87.2) %]

      Three months ended June 30, 2024: 713 million yen [ 3.2 %]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	2.13	-
      June 30, 2024	3.06	-

   2. Consolidated financial position

      	Total assets	Net assets	Equity ratio
      	Millions of yen	Millions of yen	%
      As of June 30, 2025	40,388	35,191	86.3
      As of March 31, 2025	41,045	35,498	85.5

      Reference: Equity capital (Net assets less non-controlling interests)

      As of June 30, 2025: 34,854 million yen As of March 31, 2025: 35,111 million yen

2. Cash Dividends

   	Annual dividends per share
   	1Q	2Q	3Q	4Q	Total
   	Yen	Yen	Yen	Yen	Yen
   FY2025	-	10.00	-	10.00	20.00
   FY2026	-
   FY2026 (Forecast)		-	-	-	-

   Note: Revisions to projected dividends most recently announced: None The dividend forecast for FY2026 is currently undecided.

3. Consolidated Earnings Forecasts for the FY2026 (from April 1, 2025 to March 31, 2026)

   (Percentages indicate year-on-year changes)

   	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Basic earnings per share
   FY2026	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   	25,000	(4.3)	2,200	(14.9)	2,200	(13.2)	1,500	(11.4)	44.07

   Note: Revisions to projected results most recently announced: None

   * Notes

   1. Significant changes in the scope of consolidation during the period under review: None

   2. Adoption of the special accounting methods: Yes

      Note: Please refer to “2. Quarterly Consolidated Financial Statements and Notes, (3) Notes related to quarterly consolidated financial statements < Notes to accounting procedures specific to the preparation of quarterly consolidated financial statements >” on page 7 of [Attached Material] for further information.

   3. Changes in accounting policies, changes in accounting estimates, and restatement

      1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

      2. Changes in accounting policies due to other reasons: None

      3. Changes in accounting estimates: None

      4. Restatement: None

   4. Number of issued shares (Common stock)

• Review of the accompanying Quarterly Consolidated Financial Statements by certified public accountant or by auditing firm: None

• Cautionary statement with respect to forward-looking statements and other special remarks

  The forecasts above are based on the information currently available. A number of factors could cause actual results to differ materially from expectations.

  For more information about these assumptions and notes regarding the use of earnings forecasts, please refer to “1. Overview of Operating Results, (3) Explanation on the forecast information including consolidated earnings forecast and others” on page 2 of [Attached Material].

• Disclaimer:

This English version is not an official translation of the original Japanese document. In cases of any discrepancy between the English version and the original Japanese version, the Japanese version shall prevail. Yushin Company assumes no responsibility or liability for damages or losses caused by errors, inaccuracies, misunderstandings or misspellings with regard to this translation. This translation may be used for reference purposes only. Yushin Company reserves the right to seek compensation from violators for any damage or loss it may suffer due to violation of these conditions.

INDEX

1. Overview of Operating Results 2

   1. Overview of operating results for the quarter ended June 30, 2025 2

   2. Overview of financial condition for the quarter ended June 30, 2025 2

   3. Explanation on the forecast information including consolidated earnings forecast and others 2

2. Quarterly Consolidated Financial Statements and Notes 3

   1. Quarterly consolidated balance sheets 3

   2. Quarterly consolidated statements of income and consolidated statements of comprehensive income 5

      Quarterly consolidated statements of income 5

      Quarterly consolidated statements of comprehensive income 6

   3. Notes related to quarterly consolidated financial statements 7

      < Notes to accounting procedures specific to the preparation of quarterly consolidated financial statements > 7

      < Notes to Segment information > 7

      < Notes in the event of significant changes in shareholders’ equity > 8

      < Notes related to going concern assumption > 8

      < Notes to quarterly consolidated statements of cash flows > 8

3. Supplemental Information 9

   1. Orders, backlog and sales 9

   2. Overseas sales 9

1. Overview of Operating Results
   1. Overview of operating results for the quarter ended June 30, 2025

      During the first quarter of the current fiscal year, although there were signs of a gradual economic recovery and a pickup in capital investment in some regions, the global situation remained uncertain due to factors such as policy developments in the United States and tensions in the Middle East.

      Under these circumstances, our Group has continued its efforts to cultivate new customers on a global scale, but orders received during the first quarter of the current fiscal year remained sluggish. Regarding operating results for the first quarter of the current fiscal year, sales in Asia increased compared with the first quarter of the previous fiscal year, but sales of custom-ordered equipment decreased in Europe. As a result, consolidated Net sales decreased 4.8% year on year to 5,321 million yen. As for profits, Operating profit increased 28.6% year on year to 158 million yen, mainly due to an improvement in gross profit margin, despite a decrease in consolidated Net sales. Ordinary profit decreased 27.0% year on year to 119 million yen due to an impact of Foreign exchange losses, and Profit attributable to owners of parent decreased by 30.2% year on year to 72 million yen.

      Operating result by segment category

      < Japan > Net sales were 3,473 million yen (down 3.3 year-on-year), and Operating profit was 108 million yen (down 54.7% year-on-year).

      < North America > Net sales were 942 million yen (up 0.3% year-on-year), and Operating loss was 19 million yen (Operating loss of 80 million yen in the same period of the previous year).

      < Asia > Due to an increase in sales at the Chinese subsidiaries, Net sales were 1,277 million yen (up 14.9% year-on-year), and Operating profit was 118 million yen (up 106.1% year-on-year).

      < Europe > Due to a decrease in sales of custom-ordered equipment, Net sales were 702 million yen (down 43.9% year-on-year), and Operating loss was 122 million yen (Operating profit of 28 million yen in the same period of the previous year).

   2. Overview of financial condition for the quarter ended June 30, 2025

      < Assets > Current assets decreased by 542 million yen from the end of the previous consolidated fiscal year to 25,877 million yen. This was due to a 974 million yen decrease in Notes and accounts receivable – trade and a 284 million yen increase in Cash and deposits. Non-current assets decreased by 115 million yen from the end of the previous consolidated fiscal year to 14,510 million yen. This is mainly due to the amortization of Property, plant and equipment and Intangible assets. As a result, total assets decreased by 657 million yen from the end of the previous consolidated fiscal year to 40,388 million yen.

      < Liabilities > Current liabilities decreased by 355 million yen from the end of the previous consolidated fiscal year to 4,525 million yen. This was due to factors such as a 427 million yen decrease in Income taxes payable. There were no significant changes in Non-current liabilities, and total liabilities decreased by 350 million yen from the end of the previous consolidated fiscal year to 5,196 million yen.

      < Net Assets > Net assets decreased by 307 million yen from the end of the previous consolidated fiscal year to 35,191 million yen.

   3. Explanation on the forecast information including consolidated earnings forecast and others

   At this time, there are no changes to the full-year consolidated earnings forecasts for the fiscal year ending March 31, 2026 that was announced in Consolidated Financial Results released on May 15, 2025.

2. Quarterly Consolidated Financial Statements and Notes
   1. Quarterly consolidated balance sheets

      (Thousands of yen)

      	As of March 31, 2025	As of June 30, 2025
      Current assets
      Cash and deposits	11,689,145	11,973,660
      Notes and accounts receivable - trade	6,811,882	5,837,191
      Merchandise and finished goods	1,161,294	1,122,830
      Work in process	1,049,575	1,159,694
      Raw materials and supplies	5,064,656	5,139,490
      Other	660,511	663,948
      Allowance for doubtful accounts	(16,730)	(19,122)
      Total current assets	26,420,335	25,877,692
      Non-current assets
      Property, plant and equipment
      Buildings and structures, net	3,614,851	3,520,020
      Land	6,824,596	6,834,977
      Other, net	347,934	331,796
      Total property, plant and equipment	10,787,383	10,686,794
      Intangible assets
      Goodwill	440,384	427,818
      Customer-related intangible assets	1,553,761	1,554,995
      Other	173,442	168,495
      Total intangible assets	2,167,587	2,151,308
      Investments and other assets
      Investment securities	559,944	588,877
      Retirement benefit asset	318,635	315,810
      Deferred tax assets	590,920	564,186
      Other	251,918	255,172
      Allowance for doubtful accounts	(50,820)	(51,718)
      Total investments and other assets	1,670,598	1,672,329
      Total non-current assets	14,625,569	14,510,432
      Total assets	41,045,904	40,388,124

      (Thousands of yen)

      As of March 31, 2025		As of June 30, 2025
      Current liabilities
      Notes and accounts payable - trade	1,493,698	1,436,497
      Electronically recorded obligations - operating	424,766	340,659
      Accounts payable - other	527,568	534,761
      Income taxes payable	569,278	142,056
      Advances received	783,128	850,616
      Provision for bonuses	327,955	177,134
      Provision for bonuses for directors	21,300	7,000
      Provision for product warranties	195,081	199,121
      Other	538,302	837,541
      Total current liabilities	4,881,080	4,525,390
      Non-current liabilities
      Retirement benefit liability	114,162	119,838
      Deferred tax liabilities	356,266	355,475
      Other	195,485	195,765
      Total non-current liabilities	665,914	671,079
      Total liabilities	5,546,994	5,196,469
      Shareholders’ equity
      Share capital	1,985,666	1,985,666
      Capital surplus	2,024,597	2,024,597
      Retained earnings	30,137,677	29,869,890
      Treasury shares	(1,355,984)	(1,355,984)
      Total shareholders’ equity	32,791,957	32,524,170
      Accumulated other comprehensive income
      Valuation difference on available-for-sale securities	290,610	310,458
      Foreign currency translation adjustment	1,958,887	1,952,445
      Remeasurements of defined benefit plans	69,774	67,370
      Total accumulated other comprehensive income	2,319,273	2,330,274
      Non-controlling interests	387,679	337,210
      Total net assets	35,498,910	35,191,655
      Total liabilities and net assets	41,045,904	40,388,124

   2. Quarterly consolidated statements of income and consolidated statements of comprehensive incomeQuarterly consolidated statements of income First three months

      (Thousands of yen)

      	Three months ended June 30, 2024	Three months ended June 30, 2025
      Net sales	5,589,491	5,321,621
      Cost of sales	3,421,269	3,151,634
      Gross profit	2,168,221	2,169,986
      Selling, general and administrative expenses	2,045,228	2,011,847
      Operating profit	122,993	158,138
      Non-operating income
      Interest income	7,056	4,717
      Dividend income	7,157	8,082
      Foreign exchange gains	15,383	-
      Other	10,769	4,869
      Total non-operating income	40,367	17,669
      Non-operating expenses
      Foreign exchange losses	-	55,713
      Other	153	969
      Total non-operating expenses	153	56,682
      Ordinary profit	163,206	119,125
      Extraordinary income
      Gain on sales of non-current assets	3,900	1,163
      Total extraordinary income	3,900	1,163
      Extraordinary losses
      Loss on sales and retirement of non-current assets	1,270	0
      Total extraordinary losses	1,270	0
      Profit before income taxes	165,836	120,288
      Income taxes	45,434	43,099
      Profit	120,401	77,189
      Profit attributable to non-controlling interests	16,416	4,632
      Profit attributable to owners of parent	103,985	72,557

      Quarterly consolidated statements of comprehensive income First three months

      (Thousands of yen)

      Three months ended June 30, 2024		Three months ended June 30, 2025
      Profit	120,401	77,189
      Other comprehensive income
      Valuation difference on available-for-sale securities	28,371	19,848
      Foreign currency translation adjustment	568,696	(2,886)
      Remeasurements of defined benefit plans, net of tax	(3,472)	(2,404)
      Total other comprehensive income	593,595	14,556
      Comprehensive income	713,997	91,746
      (Comprehensive income attributable to)
      Comprehensive income attributable to owners of parent	681,573	83,558
      Comprehensive income attributable to non-controlling interests	32,423	8,187

   3. Notes related to quarterly consolidated financial statements

      Calculation of tax expenses

      Tax expenses are calculated by making a reasonable estimate of the effective tax rate after the application of tax effect accounting to income before income taxes for the consolidated fiscal year, including the first quarter of the current fiscal year, and multiplying income before income taxes by the estimated effective tax rate.

      1. FY2025 1Q (from April 1, 2024 to June 30, 2024)

         1. Information related to sales and profit or loss for each reportable segment

            (Thousands of yen)

            	Reportable segment				Total	Adjustment *1	Amounts shown on quarterly consolidated statements of income *2
            	Japan	North America	Asia	Europe
            Net sales
            Sales to customers	2,389,185	937,234	1,010,286	1,252,784	5,589,491	-	5,589,491
            Inter-segment sales or transfers	1,202,279	2,663	101,614	-	1,306,557	(1,306,557)	-
            Total	3,591,464	939,898	1,111,900	1,252,784	6,896,048	(1,306,557)	5,589,491
            Segment profit or (loss)	240,439	(80,006)	57,446	28,267	246,147	(123,154)	122,993

            *Notes 1: The (123,154) thousand yen adjustment to segment profit or loss includes the 3,761 thousand yen inter-segment transactions and the (126,915) thousand yen inventory adjustments.

            *Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the quarterly consolidated statements of income.

         2. Information on Impairment losses on Non-current assets or Goodwill, etc. by reportable segment None

      2. FY2026 1Q (from April 1, 2025 to June 30, 2025)

         1. Information related to sales and profit or loss for each reportable segment

            (Thousands of yen)

            	Reportable segment				Total	Adjustment *1	Amounts shown on quarterly consolidated statements of income *2
            	Japan	North America	Asia	Europe
            Net sales
            Sales to customers	2,532,350	939,416	1,185,907	663,946	5,321,621	-	5,321,621
            Inter-segment sales or transfers	941,212	3,019	91,796	38,542	1,074,570	(1,074,570)	-
            Total	3,473,563	942,435	1,277,703	702,489	6,396,191	(1,074,570)	5,321,621
            Segment profit or (loss)	108,912	(19,232)	118,421	(122,901)	85,199	72,939	158,138

            *Notes 1: The 72,939 thousand yen adjustment to segment profit or loss includes the 78 thousand yen inter-segment transactions and the 72,860 thousand yen inventory adjustments.

            *Notes 2: Segment profit is adjusted to be consistent with operating profit shown on the quarterly consolidated statements of income.

         2. Information on Impairment losses on Non-current assets or Goodwill, etc. by reportable segment None

   None

   None

   A quarterly consolidated cash flow statement for the first quarter of the current consolidated fiscal year has not been prepared. Depreciation (including amortization of intangible fixed assets excluding goodwill) and amortization of goodwill for the first quarter of the current consolidated fiscal year are as follows.

   (Thousands of yen)

   	Three months ended		Three months ended
   	June 30, 2024		June 30, 2025
   Depreciation		155,904	161,404
   Amortization of goodwill		20,452	20,942

3. Supplemental Information

1. Orders, backlog and sales

   1. Orders

      1. Order received (Thousands of yen)

         Products	FY2025 1Q	FY2026 1Q	Change (%)
         Robots	3,994,853	4,014,562	100.5
         Custom-ordered equipment	1,340,884	951,155	70.9
         Parts and maintenance services	1,152,209	1,211,293	105.1
         Total	6,487,947	6,177,012	95.2

      2. Backlog of orders (Thousands of yen)

         Products	As of June 30, 2024	As of June 30, 2025	Change (%)
         Robots	4,148,025	4,494,141	108.3
         Custom-ordered equipment	5,131,775	1,435,594	28.0
         Parts and maintenance services	379,764	467,283	123.0
         Total	9,659,565	6,397,018	66.2

   2. Net sales (Thousands of yen)

      Products	FY2025 1Q	FY2026 1Q	Change (%)
      Robots	2,927,850	3,516,193	120.1
      Custom-ordered equipment	1,461,951	667,620	45.7
      Parts and maintenance services	1,199,689	1,137,807	94.8
      Total	5,589,491	5,321,621	95.2

2. Overseas sales

FY2025 1Q (from April 1, 2024 to June 30, 2024) (Thousands of yen)

FY2026 1Q (from April 1, 2025 to June 30, 2025) (Thousands of yen)