Fiscal Year ending March 2027 Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Overview of Results

For the interim period of the fiscal year ending March 2027, Zenrin Co., Ltd. reported net sales of 28,509 million yen (Year-over-Year -3.4%), an operating loss of 1,763 million yen, an ordinary loss of 1,545 million yen, and an interim net loss attributable to owners of parent of 365 million yen. The primary causes were higher costs for enhancing the map database precision and its operation, and a decline following completion of certain contracted projects. Despite recording extraordinary gains, interim net income remained in deficit. The equity ratio increased to 69.1%, and cash and cash equivalents fell below 10 billion yen to 10,028 million yen. Supplementary explanatory materials for the financial results will be published.

Outlook and Capital Policy

The full-year forecast has been revised to net sales of 66,000 million yen, operating income of 2,200 million yen, ordinary income of 2,600 million yen, and net income attributable to owners of parent of 2,400 million yen, with the impact of making Will Smart a consolidated subsidiary expected to be limited. Sales are affected by delays in new product launches, a reduction in flow-type products, and changes in the composition of mobility solutions. Regarding dividends, following a dividend of 42 yen for the fiscal year ended March 2026, the forecast for the fiscal year ending March 2027 is currently 21 yen at the end of the second quarter and 42 yen for the full year.