*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.
Financial Results for Fiscal 2026
（Ended March 31, 2026)
May 19, 2026
Table of Contents
Appendix
３． Business Segments Overview
２． Earnings Forecast for Fiscal 2027
１． Summary of Results for Fiscal 2026
*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 "-."
１． Summary of Results for Fiscal 2026 （Ended March 31, 2026）
１) Summary of Financial Results
２) Causes for Change in EBITDA, Operating Income
３) Changes in Sales by Business
４) Changes in Cash Flows
５) Shareholder Returns
Key Points
Net sales： First decline in three fiscal years (remaining flat YoY)
EBITDA & Operating profit: First decline in three fiscal years
１) Summary of Financial Results
Net Sales: Down overall (remaining flat YoY), as Public Solutions' growth in map data and contract projects was offset by Mobility Solutions' sluggish sales of
car navigation data and the absence of prior year's one-time revenue.
Earnings: EBITDA and operating profit declined due to sales mix changes and rising labor costs, while ordinary profit saw only a slight decline (flat YoY) supported by an improvement in net non-operating income from equity-method net gains and FX effects.
Profit attributable to owners of parent: UP YoY, driven by the recognition of gain on sale of investment securities resulting from the reduction of strategic shareholdings.
Amounts in million yen) | ① FY2025 Actual | FY2026 | |||||
② Forecast | ③ Actual | YoY（③－①） | vs. Forecast（③－②） | ||||
rate of % | rate of % | ||||||
Net sales | 64,363 | 65,500 | 64,277 | − 86 | − 0.1% | − 1,222 | − 1.9％ |
Operating expenses | 60,440 | 61,200 | 60,775 | ＋ 334 | ＋ 0.6% | − 424 | − 0.7％ |
EBITDA （EBITDA Margin） | 9,578 14.9％ | 10,000 15.3％ | 9,137 14.2％ | − 440 − 0.7pt | − 4.6% - | − 862 − 1.1ｐｔ | − 8.6％ - |
Operating profit （Ｏperating Margin） | 3,923 6.1％ | 4,300 6.6％ | 3,502 5.4％ | − 420 − 0.7pt | − 10.7% - | − 797 − 1.2ｐｔ | − 18.6％ - |
Ordinary profit | 3,936 | 4,400 | 3,866 | − 69 | − 1.8% | − 533 | − 12.1％ |
Profit attributable to owners of parent | 2,606 | 3,000 | 2,738 | ＋ 132 | ＋ 5.1% | − 261 | − 8.7％ |
ROE （Return On Equity） | 5.3% | 6.0% | 5.5% | ＋ 0.2pt | - | − 0.5pt | - |
(
２) Causes for Change in EBITDA, Operating Income 【Sales / Cost】 （YoY）
120 120
110 110
100 100
90 90
80 80
70 70
60 60
50 50
40 40
30 30
120
Operating profit(YoY)： −0.4 billion yen
(Amounts in billion yen)
EBITDA(YoY)： −0.4billion yen
110
100
10.0
90
9.0
Decrease in sales
Personnel costs
Depreciation, etc.
(FY25 Actual)
9.1
Cost of
80
8.0
sales
Map database development costs
Other
costs
70
9.5
Impact of
base pay raises, etc.
7.0
60
6.0
50
3.5
Down overall (remaining flat YoY), as Public Solutions' growth in map data and contract projects was offset by Mobility Solutions' sluggish sales of car navigation data and the absence of prior year's one-time revenue.
5.0
40
4.0
30
3.0
Changes in Depreciation
Net sales
(YoY)
Operating expenses（excluding depreciation, etc.）
(YoY)
Depreciation, etc.
FY26
EBITDA FY2026
Operating Income FY2026
EBITDA FY2025
−0.0 ＋0.3