Semi-Annual Consolidated Financial Results for the Six Months Ended September 30, 2025

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 September 30, 2025 September 30, 2024	Millions of yen 10,629 12,133	% (12.4) 21.6	Millions of yen 147 911	% (83.8) 31.4	Millions of yen 163 738	% (77.9) (12.2)	Millions of yen 115 534	% (78.4) (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
   FY2025 FY2026	Yen	Yen	Yen	Yen	Yen
   	- -	10.00 10.00	-	10.00	20.00
   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)

      As of Sept. 30, 2025	35,638,066 Shares	As of March 31, 2025	35,638,066 Shares
      As of Sept. 30, 2025	1,603,695 Shares	As of March 31, 2025	1,603,603 Shares
      Six months ended Sept. 30, 2025	34,034,437 Shares	Six months ended Sept. 30, 2024	34,034,823 Shares

      1. Number of issued shares at the end of the period

         (including shares of treasury shares)

      2. Number of treasury shares at the end of the period

      3. Average number of outstanding shares during the period

• 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

(Thousands of yen)

As of March 31, 2025 As of September 30, 2025

Current assets

Notes and accounts receivable - trade 6,811,882 5,098,277

Work in process 1,049,575 1,177,776

Other 660,511 813,562

Allowance for doubtful accounts (16,730) (26,739)

Total current assets 26,420,335 25,985,521