Financial Summary for Fiscal 2026

April 27, 2026

Name of listed company ZENRIN CO., LTD. Stock exchange listings: Tokyo and Fukuoka Securities code 9474 URL https://www.zenrin.co.jp/

President and CEO

Representative [Title]

Representative Director [Name] Michio Takegawa Director of the Board

Contact [Title]

Senior Executive Officer and

Head of Corporate Management Division

[Name] Yumiko Toshima TEL +81-93-882-9050

Scheduled date of holding of ordinary general meeting of shareholders: June 19, 2026 Scheduled date of submission of annual securities report: June 18, 2026 Scheduled date of commencement of dividend payments: June 22, 2026

Preparation of supplementary explanatory materials on financial results: Yes

Holding of financial results briefing: Yes (For institutional investors and analysts) (Amounts are rounded down to the nearest million yen)

1. Consolidated Results of Operations in Fiscal 2026 ZENRIN's fiscal 2026 is the period from April 1, 2025 to March 31, 2026.
   1. Consolidated Business Performance

      (Percentages represent changes year on year)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      	million yen	%	million yen	%	million yen	%	million yen	%
      Fiscal 2026	64,277	(0.1)	3,502	(10.7)	3,866	(1.8)	2,738	5.1
      Fiscal 2025	64,363	4.9	3,923	98.0	3,936	91.0	2,606	25.4

      [Note] Comprehensive income Fiscal 2026: 799 million yen [ (61.7) %] Fiscal 2025: 2,086 million yen [ (56.6) %]

      	Earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Ratio of operating profit to net sales
      	yen	yen	%	%	%
      Fiscal 2026	51.30	-	5.5	5.3	5.4
      Fiscal 2025	48.83	-	5.3	5.3	6.1

      [Reference] Share of profit (loss) of entities accounted for using equity method Fiscal 2026: 36 million yen

      Fiscal 2025: (123) million yen

   2. Consolidated Financial Position

      	Total assets	Net assets	Ratio of equity to total assets	Net assets per share
      	million yen	million yen	%	yen
      Fiscal 2026	72,014	48,903	67.9	915.92
      Fiscal 2025	73,973	49,847	67.4	933.58

      [Reference] Equity Fiscal 2026: 48,897 million yen Fiscal 2025: 49,832 million yen

   3. Consolidated Cash Flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   	million yen	million yen	million yen	million yen
   Fiscal 2026	7,112	(6,588)	(2,902)	11,536
   Fiscal 2025	9,640	(5,161)	(3,840)	13,906

2. Dividends

   	Annual dividend					Total dividends	Payout ratio [Consolidated]	Ratio of dividends to net assets [Consolidated]
   	End of the first quarter	End of the second quarter	End of the third quarter	Year-end	Total
   Fiscal 2025 Fiscal 2026	yen - -	yen 15.00 21.00	yen - -	yen 20.00 21.00	yen 35.00 42.00	Million yen 1,878 2,254	% 71.7 81.9	% 3.8 4.5
   Fiscal 2027 [forecast]	-	21.00	-	21.00	42.00		-

3. Forecast for Consolidated Results of Operations in Fiscal 2027

(Percentages represent changes year on year)

• Notes

  1. Significant changes in the scope of consolidation during the period: Yes

     Newly included:2 companies (UrbanX Technologies,Inc. ZFP corporate co-creation Investment Limited Partnership)

  2. 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

  3. Number of issued shares (common shares)

     1. Total number of issued shares at the end of the period (including treasury shares)

        Fiscal 2026	57,301,365 shares
        Fiscal 2025	57,301,365 shares

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

        Fiscal 2026	3,914,793 shares
        Fiscal 2025	3,923,858 shares

     3. Average number of shares outstanding during the period

        Fiscal 2026	53,383,910 shares
        Fiscal 2025	53,376,548 shares

        [Note] The number of treasury shares at the end of the period includes the Company's shares held by Custody Bank of Japan, Ltd. (Trust Account E) as trust assets of the "Board Benefit Trust (BBT)" and the "Employee Stock Ownership Plan (J-ESOP)" (290,695 shares Fiscal 2026, 300,195 shares Fiscal 2025). In addition, the Company's shares held by Custody Bank of Japan, Ltd. (Trust Account E) are included in the treasury shares deducted in the calculation of the average number of shares outstanding during the period (293,557 shares Fiscal 2026, 301,319 shares Fiscal 2025).

• This Financial Summary is exempt from audit conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters

Financial results forecasts and other forward-looking statements contained herein are based on information available as of this report's publication and certain assumptions that are deemed reasonable, and these forecasts are not guarantees of future performance. Actual results may differ significantly due to various factors. For the assumptions underlying the forecasts herein and cautionary notes on the use of these financial results forecasts, please refer to "1. Analysis of Business Performance (1) Overview of Business Performance for FY 2026 2. Forecast for Fiscal 2027" on page 2 of the Attachments.

(How to obtain supplementary explanatory materials on financial results)

Supplementary explanatory materials on financial results will be posted on our website on May 19, 2026.

Table of Contents of Attachment

1. Analysis of Business Performance 2

   1. Overview of Business Performance for Fiscal 2026 2

   2. Overview of Financial Position for Fiscal 2026 3

   3. Basic Policy on Distribution of Income, and Payment of Dividends in Fiscal 2026 and 2027 4

2. Basic approach to the selection of accounting standards 4

3. Consolidated Financial Statements 5

   1. Consolidated Balance Sheet 5

   2. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income 7

      Consolidated Statement of Income 7

      Consolidated Statement of Comprehensive Income 8

   3. Consolidated Statement of Changes in Equity 9

   4. Consolidated Statement of Cash Flows 11

   5. Notes to Consolidated Financial Statements 12

      Notes on the Going Concern Assumption 12

      Notes on Segment Information, etc 12

      Notes Regarding Per Share Information 12

      Notes Regarding Significant Subsequent Events 12

4. Other 13

Sales Turnover based on Business Categories

under the Medium- to Long-Term Business Plan ZGP2030 13

1. Analysis of Business Performance
   1. Overview of Business Performance for Fiscal 2026

      1. Business Performance for Fiscal 2026

         In Fiscal 2026 (from April 1, 2025 to March 31, 2026), the Japanese economy experienced a moderate recovery trend, supported by improvements in employment and income environment. However, the outlook remains uncertain due to the persistent rising prices as well as other factors such as the direction of trade policy in major countries and increasing geopolitical risks, including the situation in the Middle East, which are affecting the financial and capital markets.

         In this environment, despite an increase in sales in the Public Solution-related business due to increases in the provision of residential map data and in entrusted services that occurred up to the first half of the year, there was a temporary decrease in net sales in the Mobility Solution-related business compared to the same period of the previous fiscal year, along with a decrease in sales of data for in-car navigation systems, resulting in net sales being at the same level as in the previous fiscal year. On the other hand, operating expenses increased due to factors such as increases in personnel expenses and cost of sales resulting from changes in sales composition.

         As a result, the ZENRIN Group reported business performance in Fiscal 2026 as follows: net sales of 64,277 million yen (decreased 86 million yen, or down 0.1% compared to the previous fiscal year), operating profit of 3,502 million yen (decreased 420 million yen, or down 10.7% compared to the previous fiscal year), and ordinary profit of 3,866 million yen (decreased 69 million yen, or down 1.8% compared to the previous fiscal year). Profit attributable to owners of parent was 2,738 million yen (increased 132 million yen, or up 5.1% compared to the previous fiscal year).

         The reasons for the year-on-year improvement in ordinary profit compared to that of operating profit are due to the share of profit (loss) of entities accounted for using equity method, foreign exchange effects, and other factors.

         Information by business segment is omitted because the ZENRIN Group's reportable segment is a single segment.

      2. Forecast for Fiscal 2027

      As for the outlook for Fiscal 2027, while the Mobility Solution-related business is expected to continue facing a challenging business environment, revenue is anticipated to increase due to further expansion of stock-type services, including package products, strengthening of solution sales, and the introduction of new products. On the other hand, an increase in the cost of sales associated with revenue growth, growth investments for the construction of Advanced Geospatial Database, and higher operating expenses, such as personnel expenses due to continued base salary increases, are also expected.

      The forecast of consolidated results for Fiscal 2027 expects net sales of 66,000 million yen (an increase of 1,722 million yen, or up 2.7% compared to the current fiscal year), operating profit of 3,600 million yen (an increase of 97 million yen, or up 2.8% compared to the current fiscal year), ordinary profit of 3,900 million yen (an increase of 33 million yen, or up 0.9% compared to the current fiscal year), and profit attributable to owners of parent of 2,500 million yen (a decrease of 238 million yen, or down 8.7% compared to the current fiscal year).

      The reason for the decrease in profit attributable to owners of parent compared to ordinary profit is due to factors such as the recording of a gain on sale of investment securities as extraordinary income during Fiscal 2026.

   2. Overview of Financial Position for Fiscal 2026

1. Overview of Fiscal 2026

   Total assets at the end of Fiscal 2026 amounted to 72,014 million yen (decreased 1,958 million yen, or down 2.6%, compared to the end of the previous fiscal year) reflecting a decrease in investment securities due to decreases in market valuation and other factors.

   Liabilities amounted to 23,111 million yen (decreased 1,014 million yen, or down 4.2%, compared to the end of the previous fiscal year) reflecting a decrease in income taxes payable and other factors.

   Net assets amounted to 48,903 million yen (decreased 944 million yen, or down 1.9%, compared to the end of the previous fiscal year) reflecting a decrease in valuation difference on available-for-sale securities as a result of market valuation of investment securities, despite the recording of profit attributable to owners of parent.

   As a result, the ratio of equity to total assets at the end of Fiscal 2026 was 67.9% (up 0.5 points compared to the end of the previous fiscal year).

   The followings outline the status of cash flows in Fiscal 2026.

   Cash and cash equivalents at the end of Fiscal 2026 stood at 11,536 million yen (decreased 2,369 million yen, or down 17.0%, compared to the end of the previous fiscal year).

   Cash Flows from Operating Activities

   Net cash provided by operating activities amounted to 7,112 million yen (decreased 2,528 million yen compared to the previous fiscal year). This was attributable to profit before income taxes in the amount of 4,081 million yen, income taxes paid in the amount of 1,806 million yen, loss on sale of investment securities in the amount of 352 million yen, a decrease in trade payables of 299 million yen, and other factors of decrease, being offset by depreciation in the amount of 5,449 million yen and other factors for increase.

   Cash Flows from Investing Activities

   Net cash used in investing activities amounted to 6,588 million yen (increased 1,427 million yen compared to the previous fiscal year). This was attributable to purchase of property, plant and equipment and intangible assets in the amount of 5,275 million yen, purchase of investment securities in the amount of 1,305 million yen, and other factors of decrease.

   Cash Flows from Financing Activities

   Net cash used in financing activities amounted to 2,902 million yen (decreased 937 million yen compared to the previous fiscal year). This was mainly attributable to dividends paid in the amount of 2,199 million yen, repayments of long-term borrowings in the amount of 506 million yen, repayments of lease liabilities in the amount of 195 million yen, and other factors of decrease.

2. Changes in Cash Flow Indicators

   	Fiscal 2022	Fiscal 2023	Fiscal 2024	Fiscal 2025	Fiscal 2026
   Ratio of equity to total assets [%]	61.3	65.4	65.3	67.4	67.9
   Ratio of equity to total assets [%] (market value basis)	68.3	63.5	60.1	76.6	73.4
   Ratio of interest-bearing liabilities to operating cash flows [years]	1.2	0.9	0.7	0.2	0.3
   Interest coverage ratio [times]	939.4	589.0	327.0	572.5	348.2

   [Notes] Each indicator is calculated in accordance with the following formulas, using consolidated financial figures.

   • Ratio of equity to total assets: Equity / Total assets

   • Ratio of equity to total assets (market value basis): Market capitalization / Total assets

     *Market capitalization is calculated by multiplying the number of shares issued and outstanding at the end of the fiscal year (excluding treasury shares) by the closing price per share at the end of the fiscal year.

   • Ratio of interest-bearing liabilities to operating cash flows: Interest-bearing liabilities / Operating cash flows

     *Operating cash flows are the net cash provided by (used in) operating activities recorded on consolidated statement of cash flows.

     *Interest-bearing liabilities include all liabilities recorded on consolidated balance sheets on which interest is paid.

   • Interest coverage ratio: Operating cash flows / Interest paid

*Interest paid is the interest expenses paid recorded on consolidated statement of cash flows.