* Disclaimer:
This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Securities Code：9474
Financial Results for the First Quarter of Fiscal 2026 (Year Ending March 31, 2026) July 30, 2025Results for
1Q of FY26
Table of Contents
１) Summary of Financial Results
２) Changes in Net Sales, Income and Profit
３) Changes in Sales by Business
４) Causes for Change in EBITDA, Operating Income 【Sales / Cost】 ５) Amount of Capital Investment, Depreciation and R&D Cost
６） Topics：Growth investments（M&A）
* Note:
This document contains forward-looking statements based on assumptions, forecasts and plans in light of information available to ZENRIN Co., Ltd. as of the preparation date of this document. Actual performance may vary significantly from the forecast figures due to various risks and uncertainties owing to global economic trends, market demand, status of competition, exchange fluctuations and other factors.
The information that appears in this document rounds down fractions to the nearest specified unit and rounds off decimals in the percentage of change to the first decimal place.
In addition, cases where the percentage of change exceeds 1000% and cases where one or both of the items of comparison are negative are shown as "-."
© ZENRIN CO., LTD. All Rights Reserved.
1
Results for
1Q of FY26
１) Summary of Financial Results
Although there was a reactionary decline from the one-off sales in the same period of the previous fiscal year in Mobility Solutions-related business segment, sales remained at the same level as the same period of the previous year due to the stock-type services such as "GIS packages" remained steady, and increased sales of residential map data.
In terms of profit and loss, although personnel expenses increased, EBITDA, Operating Income remained at the same level as the same period of the
previous fiscal year due to changes in sales composition.
Ordinary income increased mainly due to an increase in dividend income. Profit Attributable to Owners of Parent decreased partly due to the absence of the gain on sale of subsidiary shares associated with the listing of Will Smart Co.,Ltd. recorded in the same period of previous fiscal year.
Key Points 【 Net Sales, EBITDA, Operating Income remained at the same level as the same period of previous fiscal year.】
Amounts in million yen) | ① FY25 １Q Actual | ② FY26 １Q Actual | Compared to FY25 1Q | |
（②－①） | % of change | |||
Net Sales | 14,130 | 14,191 | ＋ 61 | ＋ 0.4% |
Operating Expenses | 14,404 | 14,497 | ＋ 92 | ＋ 0.6% |
EBITDA （EBITDA Margin） | 1,110 7.9％ | 1,119 7.9％ | ＋ 9 + 0.0pt | ＋ 0.8% - |
Operating Income （operating Margin） | - 274 - 1.9％ | - 305 - 2.2％ | - 31 - 0.3pt | - - |
Ordinary Income | - 255 | - 58 | ＋ 196 | - |
Profit Attributable to Owners of Parent | 9 | - 117 | - 127 | - |
ROE （Return On Equity） | 0.0% | - 0.2% | - 0.2pt | - |
(
© ZENRIN CO., LTD. All Rights Reserved.
2
Results for
1Q of FY26
２) Changes in Net Sales, Income and Profit
20,000
3,000
(Amounts in million yen)
12,588
12,793
14,130
14,191
1,110
1,119
2,000
11,312
12,243
12,254
799
896
15,000
227
337
1,000
11
－58
9
10,000 0
－634
－413
－923
－274
－305
－390
－346
－806
－255
－640
－621
－298
－536
－117
△1,000
－1,130
－1,344
－1,016
－1,378
－989
5,000
△2,000
19/6
20/6
21/6
22/6
23/6
24/6
25/6
19/6
20/6
21/6
22/6
23/6
24/6
25/6
19/6
20/6
21/6
22/6
23/6
24/6
25/6
19/6
20/6
21/6
22/6
23/6
24/6
25/6
19/6
20/6
21/6
22/6
23/6
24/6
25/6
0 △3,000
Net Sales EBITDAOperating Income
Ordinary Income
Profit Attributable to Owners of Parent
Compared to 1Q of FY25
(% of change
Increase of 61 million yen
Increase of 9 million yen
Decrease of 31 million yen
Increase of 196 million yen Decrease of 127 million yen
(+ 0.4%)
(+ 0.8%)
(－)
(－)
(－)
Increase in sales
for 5 consecutive periods
Increase in profit
for 2 consecutive periods
Deteriorate in profit
for the first time in 2 periods
improve in profit
for 2 consecutive periods
Deteriorate in profit
for the first time in 2 periods
* the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. have been applied from the beginning of the first quarter of fiscal 2022.
* Regarding figures for the previous fiscal year (fiscal 2021) and earlier, the increase (decrease) and rates (%) are reference values because the Accounting Standard for Revenue
Recognition, etc. are not applied retrospectively (same as the next page and after).
© ZENRIN CO., LTD. All Rights Reserved.
3
Results for
1Q of FY26
３) Changes in Sales by Business
(Amounts in billion yen)
14.1 14.1
3.0 | 3.3 | |||
1.6 | ||||
1.5 | ||||
1.2 | 1.8 | |||
3.8 | ||||
3.8 | ||||
4.3 | ||||
3.6 |
Product
Solution
+ 0.0
Total
billion yen ー
(+ 0.4%)
＋ 0.2 Remained steady stock-type services such as "GIS packages"
(＋ 8.3%)
Marketing
Solution
Public Solution
- 0.1
(－ 7.6%)
+ 0.5
(＋ 45.4%)
Decreased general commercial printing and direct mail delivery services.
Increased sales of residential map data to mainly fire departments and others.
FY25 1Q FY26 1Q
Infrastructure Solution
Mobility Solution
＋ 0.0
(＋ 0.8%)
- 0.6
(－ 15.6%)
Although the number of contracted projects decreased compared to the same period of the previous fiscal year, this business segment ended up at the same level as the same period of the previous fiscal year due to "ZENRIN Maps API" and other items increased.
Decreased due to the reactionary decline from the one-off sales (Approximately 0.4 billion yen) in the same period of previous fiscal year, as well as the impact of selling situations (model termination, adjustments, etc.) of in-car navigation systems that use our app and data.
（Reference） Domestic automobile sales | Previous year | Current year | Rate of change |
1Q cumulative （ April to June） | 0.99 million units | 1,06 million units | +6.4％ |
（Source: Totaled by our company based on figures released by "Japan Automobile Dealers Association" and "Japan Light Motor Vehicle and Motorcycle Association".） | |||
* The figures for １Q of FY25 are reclassified into the business segments of ＺＧＰ２０３０.
© ZENRIN CO., LTD. All Rights Reserved. 4
Compared to FY25 1Q
(% of change)
Business overview of FY26 1Q