Financial Summary for the First 2 Quarters of Fiscal 2026

Financial Summary for the First 2 Quarters of Fiscal 2026 [Japanese GAAP] [Consolidated]

October 29, 2025

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 file semi-annual securities report: October 30, 2025 Scheduled date of commencement of dividend payments: December 2, 2025

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 the First 2 Quarters of Fiscal 2026

   ZENRIN's the first 2 quarters of fiscal 2026 is the period from April 1, 2025 to September 30, 2025.

   1. Consolidated Business Performance [cumulative]

      (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	%
      The first 2 quarters of fiscal 2026	29,523	2.8	83	-	388	-	260	-
      The first 2 quarters of fiscal 2025	28,712	5.7	(275)	-	(341)	-	(116)	-

      [Note] Comprehensive income The first 2 quarters of fiscal 2026: (194) million yen [ －%]

      The first 2 quarters of fiscal 2025: (50) million yen [ －%]

      	Earnings per share	Diluted earnings per share
      	yen	yen
      The first 2 quarters of fiscal 2026	4.89	-
      The first 2 quarters of fiscal 2025	(2.19)	-

   2. Consolidated Financial Position

   	Total assets	Net assets	Ratio of equity to total assets
   	million yen	million yen	%
   As of September 30, 2025	70,576	48,599	68.8
   As of March 31, 2025	73,973	49,847	67.4

   [Reference] Equity As of September 30, 2025: 48,583 million yen As of March 31, 2025: 49,832 million yen

2. Dividends

   	Annual dividend
   	First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   Fiscal 2025 Fiscal 2026	yen - -	yen 15.00 21.00	yen -	yen 20.00	yen 35.00
   Fiscal 2026 [forecast]			-	21.00	42.00

   [Note] Revision from most recently announced forecast for dividends: None

3. Forecast for Consolidated Results of Operations in Fiscal 2026

(Percentages represent changes year on year)

[Note] Revision from most recently announced forecast for results of operations: None

• 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. Adoption of accounting treatment specific to the preparation of Semi-Annual consolidated financial statements: None

  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 shares)

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

        The first 2 quarters of fiscal 2026	57,301,365 shares
        Fiscal 2025	57,301,365 shares

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

        The first 2 quarters of fiscal 2026	3,914,765 shares
        Fiscal 2025	3,923,858 shares

     3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

        The first 2 quarters of fiscal 2026	53,381,306 shares
        The first 2 quarters of fiscal 2025	53,375,626 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)" (290,795 shares for the first 2 quarters of Fiscal 2026, 300,195 shares for 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 (296,308 shares for the first 2 quarters of Fiscal 2026, 302,341 shares for the first 2 quarters of Fiscal 2025).

• Semi-annual financial results reports are exempt from review 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 (3) Explanation of Forecast for Consolidated Results of Operations and Other Forward-Looking Statements" on page 3 of the Attachment.

(How to obtain supplementary explanatory materials on financial results)

Supplementary explanatory materials on financial results will be posted on our website on November 18, 2025.

Table of Contents of Attachment

1. Analysis of Business Performance 2

   1. Overview of Business Performance for FY2026 First Half 2

   2. Overview of Financial Position for FY2026 First Half 2

   3. Explanation of Forecast for Consolidated Results of Operations and Other Forward-Looking Statements… 3

2. Semi-Annual Consolidated Financial Statements 4

   1. Semi-Annual Consolidated Balance Sheet 4

   2. Semi-Annual Consolidated Statement of Income and

      Semi-Annual Consolidated Statement of Comprehensive Income 6

   3. Semi-Annual Consolidated Statement of Cash Flows 8

   4. Notes to Semi-Annual Consolidated Financial Statements 9

      Notes in the Event of Material Change in the Amount of Shareholders' Equity 9

      Notes on the Going Concern Assumption 9

3. Other 10

Sales Turnover based on Business Categories

under the Medium- to Long-Term Business Plan ZGP2030 10

1. Analysis of Business Performance
   1. Overview of Business Performance for FY2026 First Half

      During the first two quarters of Fiscal 2026 (from April 1, 2025 to September 30, 2025), the Japanese economy continued its moderate recovery trend as the employment and income environment improved. However, the outlook remains uncertain due to the persistent rising prices as well as other factors such as the direction of trade policy in the United States and fluctuations in the financial and capital markets.

      In this environment, although 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, sales increased in the Public Solution-related business due to the increased provision of residential map data, including some advanced deliveries, and an increase in entrusted services. In addition, Stock-type services such as GIS package in the Product Solution-related business remained steady. On the other hand, operating expenses have increased due to factors such as the impact of base salary increases.

      As a result, the ZENRIN Group in the first two quarters of Fiscal 2026 reported net sales of 29,523 million yen (an increase of 810 million yen, or up 2.8% compared to the same period of the previous fiscal year), operating profit of 83 million yen (improvement of 358 million yen compared to the same period of the previous fiscal year), ordinary profit of 388 million yen (improvement of 730 million yen compared to the same period of the previous fiscal year, due to increase in dividend income and foreign exchange effect), and profit attributable to owners of parent of 260 million yen (improvement of 377 million yen compared to the same period of the previous fiscal year, partially impacted by the absence of the gain on sale of shares of subsidiaries recorded in the previous fiscal year).

      It should be noted that while fixed costs, such as map database development expenses, are incurred throughout the year, expenses generally precede net sales due to the strong seasonal nature of net sales, which tend to be concentrated at the end of the fiscal year.

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

   2. Overview of Financial Position for FY2026 First Half

      Total assets at the end of the second quarter of Fiscal 2026 amounted to 70,576 million yen (decreased 3,396 million yen, or down 4.6%, compared to the end of the previous fiscal year) reflecting a decrease in notes and accounts receivable - trade, and contract assets due to seasonal fluctuations and other factors.

      Liabilities amounted to 21,977 million yen (decreased 2,148 million yen, or down 8.9%, compared to the end of the previous fiscal year). While advances received increased, income taxes payable decreased due to the payment of income taxes, accounts payable - trade decreased due to seasonal fluctuations and other factors, and short-term loans payable also decreased.

      Net assets amounted to 48,599 million yen (decreased 1,248 million yen, or down 2.5%, compared to the end of the previous fiscal year) reflecting a decrease in retained earnings, etc. due to dividends of surplus.

      As a result, the ratio of equity to total assets at the end of the second quarter of Fiscal 2026 was 68.8% (up 1.4 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 the second quarter of Fiscal 2026 stood at 12,326 million yen (decreased 1,579 million yen, or down 11.4%, compared to the end of the previous fiscal year).

      Cash Flows from Operating Activities

      Net cash provided by operating activities amounted to 4,265 million yen (decreased 593 million yen compared to the same period of the previous fiscal year). This was attributable to an increase in inventories of 593 million yen, a decrease in trade payables of 554 million yen, income taxes paid in the amount of 1,396 million yen and other factors for decrease, being offset by the recording of profit before income taxes of 458 million yen, decreases in trade receivables of 3,690 million yen, depreciation of 2,787 million yen, an increase in advances received of 1,202 million yen, and other factors for increase.

      Cash Flows from Investing Activities

      Net cash used in investing activities amounted to 3,967 million yen (increased 1,335 million yen compared to the same period of the previous fiscal year). This was attributable to purchase of property, plant and equipment and intangible assets in the amount of 2,509 million yen, purchase of investment securities in the amount of 1,035 million yen, purchase of shares of subsidiaries resulting in a change in the scope of consolidation in the amount of 704 million yen, and other factors.

      Cash Flows from Financing Activities

      Net cash used in financing activities amounted to 1,837 million yen (decreased 1,337 million yen compared to the same period of the previous fiscal year). This was attributable mainly to a net decrease in short-term borrowings of 450 million yen and dividends paid of 1,072 million yen.

   3. Explanation of Forecast for Consolidated Results of Operations and Other Forward-Looking Statements

The full-year forecast for the results of operations for fiscal 2026 remains unchanged from the forecast announced on April 25, 2025.