FY2026 2Q Financial Results

November 14, 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 submit semi-annual report: November 14, 2025 Scheduled date to commence dividend payments: December 8, 2025 Preparation of supplementary materials on financial results: Yes

Holding of financial results briefing: Yes (for Analysts)

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

1. Semi-Annual Consolidated Business Results for the Six Months Ended September 30, 2025 (from April 1, 2025 to September 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
      Six months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      September 30, 2025	10,629	(12.4)	147	(83.8)	163	(77.9)	115	(78.4)
      September 30, 2024	12,133	21.6	911	31.4	738	(12.2)	534	(1.0)

      Note: Comprehensive income Six months ended September 30, 2025:442 million yen [34.2 %]

      Six months ended September 30, 2024:329 million yen [(76.0) %]

      	Basic earnings per share	Diluted earnings per share
      Six months ended	Yen	Yen
      September 30, 2025	3.39	-
      September 30, 2024	15.69	-

   2. Consolidated financial position

      	Total assets	Net assets	Equity ratio
      	Millions of yen	Millions of yen	%
      As of September 30, 2025	40,544	35,542	86.8
      As of March 31, 2025	41,045	35,498	85.5

      Reference: Equity capital

      As of September 30, 2025: 35,181 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	-	10.00
   FY2026 (Forecast)			-	10.00	20.00

   Note: Revisions to projected dividends most recently announced: Yes

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
   	23,000	(12.0)	1,500	(42.0)	1,500	(40.8)	1,000	(40.9)	29.38

   Note: Revisions to projected results most recently announced: Yes

   * Notes

   1. Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying changes in scope of consolidation): None

   2. Adoption of the special accounting methods: Yes

      Note: Please refer to “2. Semi-Annual Consolidated Financial Statements and Notes, (3) Notes related to semi-annual consolidated financial statements < Adoption of special accounting methods for preparation of semi-annual 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)

• This “Semi-Annual Consolidated Financial Results for the Six Months” report is not subject to review procedures by

  certified public accountant or by auditing firm.

• 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. Qualitative Information on Semi-Annual Consolidated Financial Performance, (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 where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Yushin Company shall accept no responsibility or liability for damages or loss caused by any error, inaccuracy, misunderstanding or misspelling with regard to this translation. This translation may be used only for reference purposes. Yushin Company maintains the right to claim compensation from violators for any damage or loss it may suffer from the violation of these conditions.

INDEX

1. Qualitative Information on Semi-Annual Consolidated Financial Performance 2

   1. Explanation on the business results 2

   2. Explanation on the financial condition 2

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

2. Semi-Annual Consolidated Financial Statements and Notes 3

   1. Semi-annual consolidated balance sheets 3

   2. Semi-annual consolidated statements of income and semi-annual consolidated statements of comprehensive income 5

      Semi-annual consolidated statements of income 5

      Semi-annual consolidated statements of comprehensive income 6

   3. Notes related to semi-annual consolidated financial statements 7

      < Notes related to going concern assumption > 7

      < Notes in the event of significant changes in shareholders’ equity > 7

      < Adoption of special accounting methods for preparation of semi-annual financial statements > 7

      < Segment information > 8

3. Supplemental Information 9

   1. Orders, backlog and sales 9

   2. Overseas sales 9

1. Qualitative Information on Semi-Annual Consolidated Financial Performance
   1. Explanation on the business results

      During the interim period under review, the global economy remained uncertain, affected by factors such as

      U.S. tariff policies and soaring energy and raw material prices.

      In this environment, the Group continued its efforts to develop new customers worldwide, but overall orders remained sluggish. Regarding operating results for the interim period under review, sales increased in Asia compared to the previous interim period, but decreased in Europe, the U.S., and Japan. As a result, consolidated Net sales decreased by 12.4% year-on-year to 10,629 million yen. On the profit side, Operating profit decreased by 83.8% year-on-year to 147 million yen. This decrease was influenced by increased personnel expenses due to proactive investment in human resources and increased research and development expenses associated with development investments, both aimed at medium- to long-term growth, in addition to the decline in consolidated Net sales. Ordinary profit decreased 77.9% year-on-year to 163 million yen, and Profit attributable to owners of parent decreased 78.4% year-on-year to 115 million yen.

   2. Explanation on the financial condition

      Total assets decreased by 501 million yen from the end of the previous fiscal year (March 31, 2025) to 40,544 million yen. This was mainly due to increase of Cash and deposits by 865 million yen and decrease of Notes and accounts receivable – trade by 1,713 million yen.

      Total liabilities decreased by 544 million yen from the end of the previous fiscal year to 5,002 million yen.

      This was mainly due to decrease of Income taxes payable by 371 million yen.

      Net assets increased by 43 million yen from the end of the previous fiscal year to 35,542 million yen.

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

   As a result of reviewing the earnings forecasts based on future industry trends, 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, are revised. For details, please refer to the " Revisions to the Forecast for the Earnings, Notice Concerning Interim Dividends of Surplus, and Revisions to the Year-End Dividends" announced today.

2. Semi-Annual Consolidated Financial Statements and Notes
   1. Semi-annual consolidated balance sheets

      (Thousands of yen)

      	As of March 31, 2025	As of September 30, 2025
      Current assets
      Cash and deposits	11,689,145	12,554,616
      Notes and accounts receivable - trade	6,811,882	5,098,277
      Merchandise and finished goods	1,161,294	1,235,710
      Work in process	1,049,575	1,177,776
      Raw materials and supplies	5,064,656	5,132,317
      Other	660,511	813,562
      Allowance for doubtful accounts	(16,730)	(26,739)
      Total current assets	26,420,335	25,985,521
      Non-current assets
      Property, plant and equipment
      Buildings and structures, net	3,614,851	3,457,663
      Land	6,824,596	6,835,660
      Other, net	347,934	315,296
      Total property, plant and equipment	10,787,383	10,608,620
      Intangible assets
      Goodwill	440,384	420,001
      Customer-related intangible assets	1,553,761	1,576,027
      Other	173,442	165,582
      Total intangible assets	2,167,587	2,161,611
      Investments and other assets
      Investment securities	559,944	710,834
      Retirement benefit asset	318,635	312,789
      Deferred tax assets	590,920	556,351
      Other	251,918	270,129
      Allowance for doubtful accounts	(50,820)	(60,966)
      Total investments and other assets	1,670,598	1,789,139
      Total non-current assets	14,625,569	14,559,371
      Total assets	41,045,904	40,544,893

      (Thousands of yen)

      As of March 31, 2025		As of September 30, 2025
      Current liabilities
      Notes and accounts payable - trade	1,493,698	1,420,706
      Electronically recorded obligations - operating	424,766	357,208
      Accounts payable - other	527,568	473,182
      Income taxes payable	569,278	198,208
      Advances received	783,128	943,614
      Provision for bonuses	327,955	333,350
      Provision for bonuses for directors	21,300	10,000
      Provision for product warranties	195,081	171,420
      Other	538,302	415,787
      Total current liabilities	4,881,080	4,323,477
      Non-current liabilities
      Retirement benefit liability	114,162	121,976
      Deferred tax liabilities	356,266	358,846
      Other	195,485	198,081
      Total non-current liabilities	665,914	678,904
      Total liabilities	5,546,994	5,002,382
      Shareholders' equity
      Share capital	1,985,666	1,985,666
      Capital surplus	2,024,597	2,024,597
      Retained earnings	30,137,677	29,912,834
      Treasury shares	(1,355,984)	(1,356,042)
      Total shareholders’ equity	32,791,957	32,567,056
      Accumulated other comprehensive income
      Valuation difference on available-for-sale securities	290,610	394,121
      Foreign currency translation adjustment	1,958,887	2,154,894
      Remeasurements of defined benefit plans	69,774	64,965
      Total accumulated other comprehensive income	2,319,273	2,613,981
      Non-controlling interests	387,679	361,472
      Total net assets	35,498,910	35,542,511
      Total liabilities and net assets	41,045,904	40,544,893

   2. Semi -annual consolidated statements of income and semi-annual consolidated statements of comprehensive incomeSemi-annual consolidated statements of income

      (Thousands of yen)

      	Six months ended September 30, 2024	Six months ended September 30, 2025
      Net sales	12,133,663	10,629,248
      Cost of sales	7,238,625	6,480,985
      Gross profit	4,895,038	4,148,263
      Selling, general and administrative expenses	3,983,606	4,000,950
      Operating profit	911,431	147,312
      Non-operating income
      Interest income	13,820	15,287
      Dividend income	7,157	9,073
      Other	14,968	17,395
      Total non-operating income	35,946	41,756
      Non-operating expenses
      Foreign exchange losses	207,889	24,462
      Other	1,003	1,296
      Total non-operating expenses	208,892	25,759
      Ordinary profit	738,484	163,310
      Extraordinary income
      Gain on sales of non-current assets	4,280	1,277
      Gain on liquidation of subsidiaries	-	17,786
      Total extraordinary income	4,280	19,063
      Extraordinary losses
      Loss on sales and retirement of non-current assets	1,269	6
      Total extraordinary losses	1,269	6
      Profit before income taxes	741,495	182,367
      Income taxes	179,783	50,601
      Profit	561,711	131,765
      Profit attributable to non-controlling interests	27,580	16,264
      Profit attributable to owners of parent	534,131	115,501

      Semi-annual consolidated statements of comprehensive income

      (Thousands of yen)

      Six months ended September 30, 2024		Six months ended September 30, 2025
      Profit	561,711	131,765
      Other comprehensive income
      Valuation difference on available-for-sale securities	(51,749)	103,510
      Foreign currency translation adjustments	(173,112)	212,264
      Remeasurements of defined benefit plans, net of tax	(6,945)	(4,809)
      Total other comprehensive income	(231,807)	310,965
      Comprehensive income	329,904	442,731
      (Comprehensive income attributable to)
      Comprehensive income attributable to owners of parent	285,634	410,209
      Comprehensive income attributable to non-controlling interests	44,269	32,521

   3. Notes related to semi-annual consolidated financial statements

   None

   None

   Calculation method for tax expenses

   The effective tax rate on profit before income taxes for the semi-annual consolidated fiscal year after the application of tax effect accounting is reasonably estimated, and this estimated rate is applied to net Profit before income taxes for the semi-annual period under review.

   First Six Months of FY2025 (from April 1, 2024 to September 30, 2024)

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

   (Thousands of yen)

   	Reportable segment				Total	Adjustment *1	Amounts shown on semi-annual consolidated statements of income *2
   	Japan	U.S.A.	Asia	Europe
   Net sales
   Sales to customers	5,226,782	2,012,212	2,426,290	2,468,378	12,133,663	-	12,133,663
   Inter-segment sales or transfers	2,393,172	13,163	201,921	646	2,608,904	(2,608,904)	-
   Total	7,619,954	2,025,375	2,628,212	2,469,024	14,742,567	(2,608,904)	12,133,663
   Segment profit or (loss)	647,995	(34,452)	194,479	40,963	848,986	62,444	911,431

   *Notes 1: The 62,444 thousand yen adjustment to segment profit or loss is the (7,276) thousand yen of inter-segment transaction eliminations, and the 69,721 thousand yen of inventory adjustments.

   *Notes 2: Segment profit or loss is adjusted to be consistent with operating profit shown on the semi-annual consolidated statements of income.

   First Six Months of FY2026 (from April 1, 2025 to September 30, 2025)

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

   (Thousands of yen)

   	Reportable segment				Total	Adjustment *1	Amounts shown on semi-annual consolidated statements of income *2
   	Japan	U.S.A.	Asia	Europe
   Net sales
   Sales to customers	5,111,379	1,750,829	2,480,867	1,286,173	10,629,248	-	10,629,248
   Inter-segment sales or transfers	1,856,065	7,841	166,241	70,378	2,100,527	(2,100,527)	-
   Total	6,967,444	1,758,671	2,647,109	1,356,551	12,729,776	(2,100,527)	10,629,248
   Segment profit or (loss)	261,477	(101,546)	253,967	(198,843)	215,055	(67,742)	147,312

   *Notes 1: The (67,742) thousand yen adjustment to segment profit or loss is the 117 thousand yen of inter-segment transaction eliminations, and the (67,860) thousand yen of inventory adjustments.

   *Notes 2: Segment profit or loss is adjusted to be consistent with operating profit shown on the semi-annual consolidated statements of income.

3. Supplemental Information

1. Orders, backlog and sales

   1. Orders

      1. Order received (Thousands of yen)

         Products	First Six Months of FY2025	First Six Months of FY2026	Change (%)
         Robots	8,401,836	8,019,252	95.4
         Custom-ordered equipment	2,228,139	2,031,759	91.2
         Parts and maintenance services	2,359,708	2,439,419	103.4
         Total	12,989,684	12,490,431	96.2

      2. Backlog of orders (Thousands of yen)

         Products	As of September 30, 2024	As of September 30, 2025	Change (%)
         Robots	4,634,998	4,993,847	107.7
         Custom-ordered equipment	4,557,626	1,924,872	42.2
         Parts and maintenance services	424,506	484,089	114.0
         Total	9,617,131	7,402,809	77.0

   2. Net sales (Thousands of yen)

      Products	First Six Months of FY2025	First Six Months of FY2026	Change (%)
      Robots	6,847,861	7,021,177	102.5
      Custom-ordered equipment	2,923,355	1,258,944	43.1
      Parts and maintenance services	2,362,446	2,349,126	99.4
      Total	12,133,663	10,629,248	87.6

2. Overseas Sales

First Six Months of FY2025 (from April 1, 2024 to September 30, 2024) (Thousands of yen)

First Six Months of FY2026 (from April 1, 2025 to September 30, 2025) (Thousands of yen)