Interim report
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Note : 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 . FASE Consolidated Financial Results for the Three Months Ended June 30 , 2026 [ Japanese GAAP ] Name of Listed Company ZENKOKU HOSHO Co. , Ltd. Code Number Representative Contact 7164 August 5 , 2026 Listed Stock Exchange URL Tokyo https://www.zenkoku.co.jp/ ( Name ) Yuichi Aoki Manager , ' ( Name ) Ko Mizuguchi ( Phone ) + 81-3-3270-2302 ( Title ) President & Representative Director ( Title ) Director and General Corporate Planning Division Expected Date of Dividend Payment : - Preparation of Analyst Meeting Supplemental Data : Yes Analyst Meeting Held : None ( Figures less than one million yen omitted ) 1. Business Results for the Three Months Ended June 30 , 2026 ( April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated Operating Results ( Percentages represent changes from the previous corresponding period ) Profit attributable to Operating revenue Three months ended Million yen 11,772 % Operating profit Million yen Ordinary profit 11,481 June 30 , 2026 June 30 , 2025 ( Note ) Comprehensive income Three months ended June 30 , 2026 : 7,808 million yen ( 24.0 % ) Three months ended June 30 , 2025 : 6,296 million yen ( 10.4 % ) Profit per share after 2.5 7,724 % 0.1 Million yen % owners of parent Million yen % 9,335 7.9 6,562 6.7 7,712 5.0 8,652 6.2 5,999 10 6 9.4 6.0 Profit per share Three months ended Yen June 30 , 2026 49.39 44.53 full dilution Yen June 30 , 2025 ( 2 ) Consolidated Financial Position Total assets As of June 30 , 2026 As of March 31 , 2026 Million yen 493,710 500,831 Net assets Shareholders ' equity ratio Million yen 242,970 245,148 % 49.2 48.9 ( Reference ) Shareholders ' equity As of June 30 , 2026 : 242,970 million yen ; As of March 31 , 2026 : 245,148 million yen 2. Dividend Payments FY2025 FY2026 Annual dividend per share 1st 2nd 3rd quarter - end quarter - end quarter - end Yen Yen 45.00 50.00 Year end Annual Yen Yen 75.00 Yen 120.00 73.00 123.00 FY2026 ( forecast ) ( Note ) Revision to the forecast for dividends announced most recently : None
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3. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2027 (April 1, 2026 to March 31, 2027) (Percentages represent changes from the previous corresponding period) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Profit per share Million yen % Million yen % Million yen % Million yen % Yen Full year 60,600 3.2 42,000 1.5 47,200 1.3 32,700 0.5 246.12 (Notes) 1. Revisions to the consolidated financial forecast announced most recently: None 2. Beginning with the three month s ended June 30, 2026, “Gain (loss) on sale of investment securities ,” which had been presented under “Extraordinary income/losses ,” has been presented on a net basis under “Non -operating income/expenses,” because purchases and sales of investment securities held for pure investment purposes have begun to occur on a recurring basis. In line with this change, the percentage change in ordinary profit has been calculated using the reclassified figures reflecting this change in the presentation method. * Notes (1) Significant changes in the scope of consolidation during the period: None Added: None Excluded: None (2) Adoption of special accounting treatment for preparing quarterly consolidated financial statements: No (3) Changes in accounting policies, changes in accounting estimates and retrospective restatement (i) Changes in accounting policies due to the revision of accounting standards : No (ii) Changes of accounting policies other than (i) above : No (iii) Changes in accounting estimates : No (iv) Retrospective restatement : No (4) Number of shares issued (Common stock) (i) Number of issued shares at the end of period (including treasury stock) As of June 30, 2026 137,743,580 shares As of March 31, 2026 137,743,580 shares (ii) Number of treasury stocks at the end of period As of June 30, 2026 4,881,925 shares As of March 31, 2026 4,881,865 shares (iii) Average number of shares during the period Three Months Ended June 30, 2026 132,861,696 shares Three Months Ended June 30, 2025 134,738,376 shares (Note) The Company’s shares held by the Employee Stock Ownership Plan (J -ESOP) of 73,660 shares as of June 30, 202 6, and 73,660 shares as of March 31, 2026, and held by the Board Benefit Trust of 218,800 shares as of June 30, 2026 and 218,800 shares as of March 31, 2026 are included in treasury stocks. * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Explanation on appropriate use of forecasts of performance and other special items The forward-looking statements in this document concerning forecasting of performance and etc. are based on currently available information and assumptions considered by the Company to be reasonable. The ac tual performance may be significantly different from the forecast due to various factors.
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1 ○Table of Contents of Attached Documents 1. Overview of Business Results, etc. ································ ································ ············· 2 (1) Overview of Business Results for the Three Months Ended June 30, 2026 ···················· 2 (2) Overview of Financial Position for the Three Months Ended June 30, 2026 ···················· 2 2. Consolidated Quarterly Financial Statements and Significant Notes ································ ··· 3 (1) Consolidated Quarterly Balance Sheets ································ ································ · 3 (2) Consolidated Quarterly Statements of Income and Comprehensive Income ··················· 5 (3) Notes to Consolidated Quarterly Financial Statements ································ ·············· 7 (Notes on Segment Information) ································ ································ ·········· 7 (Notes in Event of Significant Change in Shareholders’ Equity) ································ ···· 7 (Notes on Going Concern Assumption) ································ ································ ·· 7 (Notes on the Statements of Cash Flows) ································ ······························ 7
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2 1. Overview of Business Results, etc. (1) Overview of Business Results for the Three Months Ended June 30, 2026 For the three months ended June 30, 202 6, we recorded operating revenue of ¥ 11,772 million (up 2.5% year-on-year) as the outstanding guarantee exposure remained steady. Operating profit was flat at ¥7,724 million (up 0.1% year-on-year) due to an increase in operating expenses. Ordinary profit was ¥9,335 million (up 7.9% year-on-year) mainly due to an improvement in asset management yields and the recording of share of profit of entities accounted for using equity method. As a result, we recorded profit attributable to owners of parent of ¥6,562 million (up 9.4% year-on-year). As the Group’s o nly reportable segment is “credit guarantee business,” and other businesses are immaterial, segment information is omitted. (2) Overview of Financial Position for the Three Months Ended June 30, 2026 At the end of the first quarter under review, total assets decreased 1.4% from the end of the previous consolidated fiscal year to ¥493,710 million. Current assets decreased 6.0% from the end of the previous consolidated fiscal year to ¥123,024 million. This was mainly due to decreases in securities and cash and deposits. Non-current assets increased 0.2% from the end of the previous consolidated fiscal year to ¥370,686 million. This was mainly due to an increase in investment securities, despite decreases in long-term time deposits and long-term loans receivable. Total liabilities decreased 1.9% from the end of the previous consolidated fiscal year to ¥250,739 million. Current liabilities decreased 12.8% from the end of the previous consolidated fiscal year to ¥35,799 million. This was mainly due to a decrease in income taxes payable. Non-current liabilities increased 0.1% from the end of the previous consolidated fiscal year to ¥214,940 million. This was mainly due to an increase in long-term unearned revenue. Total net assets decreased 0.9% from the end of the previous consolidated fiscal year to ¥242,970 million. This was mainly due to a decrease in retained earnings.
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3 2. Consolidated Quarterly Financial Statements and Significant Notes (1) Consolidated Quarterly Balance Sheets (Amount: million yen) FY2025 As of March 31, 2026 FY2026 As of June 30, 2026 Assets Current assets Cash and deposits 72,545 69,293 Right to reimbursement 19,880 21,465 Securities 44,094 39,108 Other 4,313 4,129 Allowance for doubtful accounts △9,905 △10,971 Total current assets 130,927 123,024 Non-current assets Property, plant and equipment 496 459 Intangible assets 2,446 2,279 Investments and other assets Investment securities 309,145 319,025 Long-term loans receivable 23,544 20,480 Long-term time deposits 28,000 23,000 Retirement benefit asset 84 85 Deferred tax assets 5,022 4,216 Other 1,161 1,138 Total investments and other assets 366,959 367,947 Total non-current assets 369,903 370,686 Total assets 500,831 493,710
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4 (Amount: million yen) FY2025 As of March 31, 2026 FY2026 As of June 30, 2026 Liabilities Current liabilities Unearned revenue 19,364 19,076 Income taxes payable 7,934 2,783 Provision for loss on guarantees 9,181 9,154 Other provisions 1,235 456 Other 3,326 4,327 Total current liabilities 41,042 35,799 Non-current liabilities Long-term borrowings 30,000 30,000 Long-term unearned revenue 183,985 184,269 Other provisions 599 618 Retirement benefit liability 45 45 Other 8 7 Total non-current liabilities 214,640 214,940 Total liabilities 255,682 250,739 Net assets Shareholders’ equity Share capital 10,703 10,703 Capital surplus 637 637 Retained earnings 246,155 242,731 Treasury shares △14,673 △14,673 Total shareholders’ equity 242,823 239,399 Accumulated other comprehensive income Valuation difference on available-for-sale securities 2,198 3,452 Remeasurements of defined benefit plans 126 119 Total accumulated other comprehensive income 2,325 3,571 Total net assets 245,148 242,970 Total liabilities and net assets 500,831 493,710
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5 (2) Consolidated Quarterly Statements of Income and Comprehensive Income Consolidated Quarterly Statements of Income (Amount: million yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Operating revenue 11,481 11,772 Operating expenses Provision for loss on guarantees 1,056 1,321 Provision of allowance for doubtful accounts △56 △255 Salaries, allowances and bonuses 583 623 Other 2,184 2,358 Total operating expenses 3,768 4,048 Operating profit 7,712 7,724 Non-operating income Interest income 1,066 1,405 Dividend income 82 111 Share of profit of entities accounted for using equity method － 269 Other 18 63 Total non-operating income 1,166 1,850 Non-operating expenses Interest expenses 194 231 Other 32 7 Total non-operating expenses 227 239 Ordinary profit 8,652 9,335 Extraordinary income Gain on sale of investment securities 0 160 Total extraordinary income 0 160 Profit before income taxes 8,653 9,495 Income taxes - current 2,438 2,714 Income taxes - deferred 215 219 Total income taxes 2,654 2,933 Profit 5,999 6,562 Profit attributable to owners of parent 5,999 6,562
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6 Consolidated Quarterly Statements of Comprehensive Income (Amount: million yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 5,999 6,562 Other comprehensive income Valuation difference on available-for-sale securities 299 1,254 Remeasurements of defined benefit plans, net of tax △2 △6 Share of other comprehensive income of entities accounted for using equity method － △1 Total other comprehensive income 296 1,246 Comprehensive income 6,296 7,808 Comprehensive income attributable to Comprehensive income attributable to owners of parent 6,296 7,808
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7 (3) Notes to Consolidated Quarterly Financial Statements (Notes on Segment Information) As the Group’s only reportable segment is “credit guarantee business,” and other businesses are immaterial, segment information is omitted. (Notes in Event of Significant Change in Shareholders’ Equity) There is no relevant information. (Notes on Going Concern Assumption) There is no relevant information. (Notes on the Statements of Cash Flows) The Company does not prepare quarterly consolidated statements of cash flows for the three months ended June 30, 202 6. Depreciation (including amortization of intangible assets) for the three months ended June 30, 2026 is as follows. Three months ended June 30, 2025 Three months ended June 30, 2026 Depreciation ¥247 million ¥234 million