Financial Summary for the First Quarter of Fiscal 2026

July 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 commencement of dividend payments: － Preparation of supplementary explanatory materials on financial results: Yes Holding of financial results briefing: No

(Amounts are rounded down to the nearest million yen)

1. Consolidated Results of Operations in the First Quarter of Fiscal 2026 ZENRIN's the First Quarter of fiscal 2026 is the period from April 1, 2025 to June 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 quarter of fiscal 2026	14,191	0.4	(305)	-	(58)	-	(117)	-
      The first quarter of fiscal 2025	14,130	10.4	(274)	-	(255)	-	9	-

      [Note] Comprehensive income

      The first quarter of fiscal 2026: (140) million yen [ －%] The first quarter of fiscal 2025: 1,320 million yen [ －%]

      	Earnings per share	Diluted earnings per share
      	yen	yen
      The first quarter of fiscal 2026	(2.21)	-
      The first quarter of fiscal 2025	0.19	-

   2. Consolidated Financial Position

   	Total assets	Net assets	Ratio of equity to total assets
   	million yen	million yen	%
   As of June 30, 2025	71,341	48,636	68.2
   As of March 31, 2025	73,973	49,847	67.4

   [Reference] Equity As of June 30, 2026: 48,624 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	yen -	yen 20.00	yen 35.00
   Fiscal 2026 [forecast]		21.00	-	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: None

  2. Adoption of accounting treatment specific to the preparation of quarterly 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 quarter 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 quarter of fiscal 2026	3,921,523 shares
        Fiscal 2025	3,923,858 shares

     3. Average number of shares outstanding during the period

        The first quarter of fiscal 2026	53,377,633 shares
        The first quarter of fiscal 2025	53,374,182 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)" (297,795 shares for the first quarter of Fiscal 2026, 300,195 shares for the first quarter of 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 (300,036 shares for the first quarter of Fiscal 2026, 303,882 shares for the first quarter of Fiscal 2025).

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• 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 2 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 July 30, 2025.

Table of Contents of Attachment

1. Analysis of Business Performance 2

   1. Overview of Business Performance for the current quarter 2

   2. Overview of Financial Position for the current quarter 2

   3. Explanation of Forecast for Consolidated Results of Operations and Other Forward-Looking Statements… 2

2. Quarterly Consolidated Financial Statements 3

   1. Quarterly Consolidated Balance Sheet 3

   2. Quarterly Consolidated Statement of Income and

      Quarterly Consolidated Statement of Comprehensive Income 5

   3. Notes to Quarterly Consolidated Financial Statements 7

      Notes on Segment Information, etc 7

      Notes in the Event of Material Change in the Amount of Shareholders' Equity 7

      Notes on the Going Concern Assumption 7

      Notes on Quarterly Consolidated Statement of Cash Flows 7

3. Other 8

Sales Turnover based on Business Categories

under the Medium- to Long-Term Business Plan ZGP2030 8

1. Analysis of Business Performance
   1. Overview of Business Performance for the current quarter

      During the first quarter of Fiscal 2026 (from April 1, 2025 to June 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 increasing geopolitical risks, including the situation in the Middle East, which are affecting 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, sales increased in the Public Solution-related business due to the increased provision of residential map data, and stock-type services such as GIS package in the Product Solution-related business remained steady, resulting in net sales of 14,191 million yen (an increase of 61 million yen, or up 0.4% compared to the same period of the previous fiscal year).

      On the other hand, in terms of profit and loss, due to factors such as an increase in personnel expenses, the operating loss was 305 million yen (a deterioration of 31 million yen compared to the same period of the previous fiscal year), the ordinary loss was 58 million yen (an improvement of 196 million yen compared to the same period of the previous fiscal year) mainly due to an increase in dividend income, and loss attributable to owners of parent was 117 million yen (a deterioration of 127 million yen compared to the same period of the previous fiscal year, partly due to 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 during the fourth quarter.

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

   2. Overview of Financial Position for the current quarter

      Total assets at the end of the first quarter of Fiscal 2026 amounted to 71,341 million yen (decreased 2,631 million yen, or down 3.6%, 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 22,704 million yen (decreased 1,421 million yen, or down 5.9%, compared to the end of the previous fiscal year). While advances received increased, accounts payable - trade decreased due to seasonal fluctuations and other factors, and short-term loans payable also decreased.

      Net assets amounted to 48,636 million yen (decreased 1,210 million yen, or down 2.4%, compared to the end of the previous fiscal year) reflecting the recording of loss attributable to owners of parent and a decrease in retained earnings, etc. due to dividends of surplus and other factors.

      As a result, the ratio of equity to total assets at the end of the first quarter of Fiscal 2026 was 68.2% (up 0.8 points compared to the end of the previous fiscal year).

   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.

2. Quarterly Consolidated Financial Statements
   1. Quarterly Consolidated Balance Sheet

Assets

[Unit: million yen] As of March 31, 2025 As of June 30, 2025

Current assets