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FURUNO ELECTRIC CO., LTD. All Rights Reserved. January 9, 2026 Cautions: This document is a translation of the Japanese original, which is authoritative. The information listed in these materials regarding the Company’s forecasts are determined by management, based on the information available at the time of announcement, and potential risks and uncertainties. It should be noted that the actual results may differ substantially fromthese forecasts, due to these various elements. The numerical values shown in these materials are the monetary amounts listed in the consolidated balance sheet, consolidatedprofit-and-loss statement, consolidated statement of changes in shareholders’ equity, and notes to consolidated financial statements. Shown values of less than one unit are truncated, and ratios and other values are rounded off. * “FY” in this material indicates the fiscal year ending February 28 (29) of the succeeding year. ** “3Q” in this material represents the nine-month period beginning on March 1 and ending on November 30. FURUNO ELECTRIC CO., LTD. 3rd Quarter of Fiscal Year 2025 (Ending February 28, 2026) Financial Result Briefing Materials
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 2 Summary of 3rd Quarter of FY2025 ◆Net Sales: Increase ➢ Steady sales in Marine business for merchant vessels and pleasure boats, expansion of sales also in maintenance services ⚫ Sales increase for newbuilds and high level of sales for retrofits for merchant vessels ⚫ Sales for pleasure boats in the Americas remained strong even during off-season ⚫ Sales increase for maintenance services in Japan and overseas ◆Operating Profit: Increase ➢ Profit increase with sales increase in Marine business while continuing growth investments ⚫ DX investment aimed at driving business growth in maintenance services ⚫ Increase in local hires with expansion of overseas subsidiaries ⚫ Review of compensation levels in Japan and overseas * Foreign Exchange Sensitivity (actual results for FY 2024) [USD] Net sales: 130M yen, Operating profit: 40M yen [EUR] Net sales: 250M yen, Operation profit: 110M yen
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 3 Consolidated Income Statement (Unit: Millions of yen) FY2024 3rd Quarter FY2025 3rd Quarter Year-over-Year (amount) Year-over-Year (percentage) Net Sales 93,600 102,756 +9,155 +9.8% Gross Profit (Sales ratio) 39,504 (42.2%) 43,271 (42.1%) +3,767 +9.5% SG&A Expenses (Sales ratio) 29,022 (31.0%) 30,592 (29.8%) +1,570 +5.4% Operating Profit (Sales ratio) 10,481 (11.2%) 12,679 (12.3%) +2,197 +21.0% Ordinary Profit (Sales ratio) 10,828 (11.6%) 14,323 (13.9%) +3,495 +32.3% Profit Attributable to Owners of Parent (Sales ratio) 8,538 (9.1%) 13,310 (13.0%) +4,772 +55.9% R&D Expenses (Sales ratio) 4,572 (4.9%) 4,399 (4.3%) -173 -3.8% Capital Investments (Sales ratio) 3,248 (3.5%) 3,328 (3.2%) +79 +2.5% Depreciation Expenses (Sales ratio) 2,655 (2.8%) 2,834 (2.8%) +178 +6.7% (Unit: Yen, annual average exchange rate) 1 USD 151 149 -2 -1.4% 1 EUR 164 166 +2 +1.0% Increase in sales and profit with sales growth in Marine Business. Significant increase in net profit with reduction in tax rate due to deferred tax during first-half.
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. Variation Analysis of Net Sales Strong sales in newbuilds and retrofits for merchant vessels. High level of sales for pleasure boats in the Americas even during off-season. Sales increase for maintenance services globally. 4 800 900 1,000 1,100 FY 2024 3rd Quarter FY 2025 3rd Quarter 936 1,028 Europe +10.1 Asia +30.8 Marine Business +93.7 (Unit: 100 Millions of Yen) Net Sales +91.6 Equipment/Spare Parts +76.1 Wireless LAN Systems -4.7 Other Business -0.3 Japan +10.2 Americas +32.8 Other Regions -7.7 Industrial Business +2.8 Foreign Exchange Impact +0.8 Maintenance Services +16.7
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 5 Variation Analysis of Gross Profit Profit increase in Marine business with sales increase. Slight profit increase in Industrial business with ITS, GNSS sales increase covering Healthcare sales decrease. 300 350 400 450 500 395 433 Industrial Business +0.7Sales Increase, etc. +40.7 Marine Business +41.6 FY 2024 3rd Quarter FY 2025 3rd Quarter Gross Profit +37.7 (Unit: 100 Millions of Yen) Wireless LAN Systems -2.4 Others -2.2 Healthcare Sales Decrease -3.5 ITS, GNSS Sales Increase +3.7 Foreign Exchange Impact +0.9 Defense Equipment +0.5
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 6 Continuous investments (HR, DX, etc.) for future growth. Profit increase with sales increase for Marine business despite increase in SG&A expenses. Variation Analysis of Operating Profit 40 70 100 130 160 Marine Business Gross Profit Increase +41.6 Personnel Expenses Increase -6.3 Other SG&A Expenses Increase -9.0 105 127 FY 2024 3rd Quarter FY 2025 3rd Quarter Operating Profit +22.0 (Unit: 100 Millions of Yen) Wireless LAN Systems Gross Profit Decrease -2.4 Others Gross Profit Decrease -2.2 Foreign Exchange Impact on SG&A -0.5 Industrial Business Gross Profit Increase +0.7
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 7 “100M” stands for 100 Million Overview of Marine Business Marine Business Net Sales 894 100M yen (+11.7% year-over-year) Segment Profit 132.1 100M yen (+27.8 100M yen) ⚫ Continued strong demand for merchant vessels ⚫ Overall weak Pleasure boats market, but strong sales of strategic product for high-end boats ⚫ Maintenance services sales higher globally ◆Japan: Net sales 186 100M yen (+11.5%) ➢ Sales decrease for Fishery market ➢ Sales increase for Merchant newbuild projects and maintenance services ◆Americas: Net sales 118 100M yen (+36.9%) ➢ High level of sales for Pleasure boats even during off-season ◆Europe: Net sales 284 100M yen (+5.8%) ➢ High level of sales mainly for existing Merchant vessels and maintenance services ◆Asia: Net sales 257 100M yen (+16.2%) ➢ Sales increase for Merchant newbuilds ➢ Steady sales for maintenance services 145 167 186 92 86 118 233 268 284 183 221 257 51 58 49 0 250 500 750 1,000 日本 米州 欧州 アジア その他 Marine Business Consolidated Sales (by Region) ■Japan ■Americas ■Europe ■Asia ■Other (Unit: 100 Millions of Yen) FY 2023 3rd Quarter FY 2024 3rd Quarter FY 2025 3rd Quarter
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 8 “100M” stands for 100 Million Overview of Industrial Business Wireless LAN Systems Net Sales 24 100M yen (-16.5% year-over-year) Segment Profit 0.4 100M yen (-1.9 100M yen) ⚫ Sales decrease for wireless LAN access points for education due to weak demand environment Industrial Business Net Sales 107 100M yen (2.7% year-over-year) Segment Profit 2.8 100M yen (-0.0 100M yen) ⚫ Strong overseas sales for GNSS products ⚫ Sales decrease in Healthcare and Defense Equipment ◆ITS, GNSS: Net sales 66 100M yen (+23.7%) ➢ Sales increase for GNSS products mainly overseas ◆Healthcare: Net sales 13 100M yen (-36.6%) ➢ Sales decrease sales for clinical chemistry analyzers with intensified cost competition in Chinese market ◆Defense Equipment: Net sales 30 100M yen (-4.7%) ➢ Production going up, recovering impact of transition to new production management system Industrial Business Consolidated Sales (by Product) 49 53 66 20 20 13 26 32 30 24 28 24 0 40 80 120 160 ■ITS, GNSS ■Healthcare ■Defense Equipment ■Wireless LAN Systems (Unit: 100 Millions of Yen) FY 2023 3rd Quarter FY 2024 3rd Quarter FY 2025 3rd Quarter
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 9 (Unit: Millions of yen) FY2024 3rd Quarter FY2025 Current assets (Cash and deposits) (Inventories) 91,605 (16,113) (43,573) 95,991 (20,873) (43,331) Fixed assets (Tangible fixed assets) (Intangible fixed assets) (Investments and other assets) 31,913 (16,611) (6,087) (9,125) 35,409 (17,332) (6,402) (11,674) Total assets 123,519 131,400 Current liabilities Long-term liabilities 35,690 15,209 31,643 17,311 Total liabilities 50,899 48,955 Shareholders’ equity Others Non-controlling interests 64,259 7,927 433 72,886 9,138 420 Total net assets 72,619 82,445 Total liabilities and net assets 123,519 131,400 Equity ratio 58.4% 62.4% Appendix: Consolidated Balance Sheet
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 10 (Unit: Millions of yen) 2nd Quarter End of Term Full Year Payout Ratio FY 2024 35 75 110 30.3% FY 2025 Forecast 75 75 150 30.6% Dividend of 150 yens expected based on [Payout Ratio over 30%] policy Forecast for FY 2025 No change in forecast. Despite increase in SG&A during fourth quarter, as seen seasonally, aiming to achieve record-high sales and profit. (Unit: Millions of yen) FY 2023 Result FY 2024 Result FY 2025 Revised Forecast Net Sales 114,850 126,953 137,500 Operating Profit (Sales ratio) 6,519 (5.7%) 13,181 (10.4%) 16,000 (11.6%) Ordinary Profit (Sales ratio) 8,169 (7.1%) 14,158 (11.2%) 17,500 (12.7%) Profit Attributable to Owners of Parent (Sales ratio) 6,238 (5.4%) 11,457 (9.0%) 15,500 (11.3%) 1 USD 140 151 148 1 EUR 152 164 166
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 11 Future Key Fields: Marine and Industrial Focus particularly on the following fields and continue proactive investments (HR, R&D, sales promotion, etc.) to achieve further growth M A R I N E Maintenance Service Increase in in-house projects Pleasure Boat Market Acceleration of US sales Digitalization (DX) For Autonomous Navigation I N D U S T R I A L GNSS Time Synchronization Globalization with overseas expansion Defense Equipment Expansion of Defense Industry market 写真出典：厚木航空基地ホームページ https://www.mod.go.jp/msdf/atsugi/gallery/index_r2.html
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. Topics 12
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 13 Topics *: TZ Professional software from Nobeltec (FURUNO’s partner) FURUNO earns 2025 NMEA Product Of Excellence Awards NMEA：National Marine Electronics Association Each autumn, the most outstanding marine electronic products released that year are selected based on design, performance, and reliability. Since winning the NMEA Manufacturer of the Year Award in the Fish Finder category in 1971, FURUNO has been honored for 55 consecutive years. 2025 NMEA Awards: Best Product Awards in 5 out of 22 categories Best Radar Radar Sensor DRS4D-NXT Best Commercial Radar Marine Radar FAR-2228-NXT-BB Best Omni Sonar Omni Scanning Sonar CSH-10 Best Live Sonar Scanning Sonar CSH-8L MARK-2 Marine Software Navigation Software TZ Professional*
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 14 Improving working environment for crew members on the next-generation domestic tanker Tsurushin Maru FURUNO's AR Navigation System “AR-100M” (with Full-Circle AR Option: Marine Camera Unit “Model: AR-2001”) installed on Tsurushin Maru, the next-generation domestic tanker operated by Tsurumi Sunmarine Co., Ltd., has received the 2025 “Award for Safety and Smart Environment for Seafarers (SSS Grand Prize)”. This award is a commendation system administered by the Maritime Bureau of the Ministry of Land, Infrastructure, Transport and Tourism. It recognizes outstanding initiatives contributing to ensuring seafarer safety and improving working conditions based on three selection criteria: “Advanced,” “Exemplary/Practical,” and “Effective.” Vessel equipped with full-perimeter AR navigation system awarded the 2025 “Award for Safety and Smart Environment for Seafarers” Topics Tsurumi Sunmarine Co., Ltd. Next-Generation Domestic Tanker Tsurushin Maru
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 15 Announcing Joint Research Results on AI Technology with the Japan Agency for Marine-Earth Science and Technology Through collaborative research with JAMSTEC (Japan Agency for Marine-Earth Science and Technology), this study developed innovative AI marine forecasting technology. While conventional physical simulations required several hours to days to predict sea conditions, this technology enables forecasting of conditions up to 10 days ahead in just minutes by applying artificial intelligence. This achievement is expected to find applications across diverse fields such as shipping, fisheries, and disaster prevention. Its high academic recognition led to this award. Received the “JSAI Annual Conference Award” at the 2025 Annual Conference of the Japanese Society for Artificial Intelligence Topics
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 16 Certified for 7 consecutive years as a “Health and Productivity Management Organization (White 500)” The “Excellent Corporation for Health Management System” is a system to recognize large corporations, small and medium-sized companies, and other corporations that practice particularly excellent health management based on initiatives that address local health issues and promote health as promoted by the Japan Health Council. Among the corporations certified as "Excellent Corporations for Health Management (Large Corporation Category), only the top 500 corporations in the results of the health management survey are recognized as "White 500". Based on our management philosophy, we have been promoting efforts to raise employees' health awareness and create a workplace environment where they can continue to work with peace of mind, so that each one of our employees can work with a cheerful and active mind and body. In recognition of these health management efforts, FURUNO has been recognized as a “Health and Productivity Management Organization (White 500)” for seven consecutive years since the fiscal year 2019 in the large corporation category. Topics
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 17 Topics Start of Blue Carbon Initiatives at Suma Beach (Kobe, JAPAN) Technology that visualizes underwater conditions contributes to creating a bountiful ocean FURUNO has commenced a collaborative Blue Carbon initiative with the Suma Rich Sea Network, a general incorporated association dedicated to marine environmental conservation, off the coast of Suma Beach in Kobe. Our company aims to realize a sustainable society through technological innovation in the marine and fisheries sectors. Furthermore, toward realizing the 2050 future society concept Ocean 5.0*, we envision “a future where all living things receive the ocean's blessings and give back to the sea,” actively engaging in marine environmental conservation. *: Ocean 5.0 website: https://future-vision.furuno.co.jp/en/ Left: Ryo Kobayashi (Suma Rich Sea Network Representative) Right: Kazuma Waimatsu ( FURUNO Director, Managing Executive Officer)
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 18 Since 2023, FURUNO has published an Integrated Report to inform our shareholders, investors and other stakeholders about our business activities, medium-term management plan and sustainability initiatives, both financial and non-financial, in an easy-to-understand manner to enhance our corporate value over the medium to long term. This report aims to provide a renewed understanding of FURUNO's management capital (the source of our value creation) and to outline guidelines for sustainable growth. It includes new details on our management capital, cash allocation policies, and the business strategies being implemented under our ongoing mid-term management plan. FURUNO will continue to place importance on communication with our stakeholders and aim to further enhance our corporate value through enhanced information disclosure in the Integrated Report and on our official website. Website: https://www.furuno.co.jp/en/csr/report/ Topics Publication of the Integrated Report 2025 Towards a sustainable society and further enhancement of corporate value
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. FURUNO’s Business Outline 19
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 20 Company Name FURUNO ELECTRIC CO., LTD. Headquarters Nishinomiya City, Hyogo, Japan Incorporated May 23, 1951 Business Manufacturing and sale of maritime and industrial electronic products Paid-in Capital ¥7,534 million Number of Employees 3,368 (consolidated) Consolidated Sales ¥126,953 million President Yukio Furuno Stock Exchange Listing Tokyo Stock Exchange, Prime Section Since commercializing the world's first Fish Finder in 1948, FURUNO has supplied many types of products for the marine electronics market. By using its exclusive knowledge of ultrasonic and electronics technologies, FURUNO has developed a wide array of products that have been world firsts and Japan firsts. As of February 28, 2025 Investor Relations: http://www.furuno.co.jp/en/ir/ Products Site: http://www.furuno.com/en/ Corporate Movie: http://www.furuno.com/special/en/corporatemovie/ Appendix: Corporate Outline Nishinomiya Headquarter R&D Building SOUTH WING
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. Radar Satellite Communications Equipment Fish Finder/Sonar Multi Beam Sonar Automatic Identification System (AIS) GPS/GNSS Disciplined Oscillator GPS/GNSS Receiver for Car Navigation System GPS Plotter Ultrasound Bone Densitometer ETC V oyage Data Recorder (VDR) Wireless LAN Access Point Clinical Chemistry Analyzer GPS/GNSS Displacement Continuous Remote Monitoring System Achieve better safety, security and comfort to bring about a society and sea navigation that considers the needs of people and the environment Meteorological Monitoring and Analyzing System 「WI-FI」の画像検索結果 21 Appendix: FURUNO’s Business Fields
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 22 For Work Boats Appendix: FURUNO’s Marine Business For Merchant Vessels For Fishing Vessels For Pleasure Boats Radar ECDIS (Electronic Chart Display and Information System) Satellite Communications Equipment Sonar Fish Finder Current Indicator Radiotelephone Radar Multi-Function Display GPS/WAAS Chart Plotter Autopilot Radar Multi-Function Display GPS/WAAS Chart Plotter Autopilot
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FURUNO ELECTRIC CO., LTD. All Rights Reserved. 23 ITS ・ GNSS Defense Equipment Healthcare Wireless LAN Systems Multi-beam Sonar Fathometer GPS Navigation System Map Generator Unit ETC2.0 / ETC * ETC, Vehicle Management Solution* GPS / GNSS Chips & Modules Clinical Chemistry Analyzer & Reagent Ultrasound Bone Densitometer Wireless LAN Access Point* Wireless Handheld Terminal* *Japanese market only Appendix: FURUNO’s Industrial Business Photo: Atsugi Air Base website https://www.mod.go.jp/msdf/atsugi/gallery/index_r2.html