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FY2025 Q1 Stock Code: 8051 YAMAZEN CORPORATION Supplementary Materials for Financial Results
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Copyright © 2025 YAMAZEN CORPORATION 1 AGENDA Ⅰ．FY2025 Q1 Financial Highlights Ⅱ. Earnings Forecast for FY2025, Medium-Term Management Plan Ⅲ．Shareholder Returns Appendix
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Copyright © 2025 YAMAZEN CORPORATION Revisions to Consolidated Earnings Forecast for FY2025 Q2 (Interim Period) 2 FY2024 Q2 Results FY2025 Q2 Plan (Announced on May 14, 2025) FY2025 Q2 Revised plan (Announced on August 8, 2025) FY2025 Full-year plan (No change from the figures as of May 14, 2025) Net sales 248,924 250,000 255,000 530,000 Operating profit 3,442 3,000 4,000 9,000 Ordinary profit 3,494 3,000 4,000 9,000 Profit attributable to owners of parent 2,567 2,500 3,200 7,000 (Million yen) Reason for revisions Consolidated results for FY2025 Q2 are expected to exceed net sales initially planned due to strong orders for products designed to prevent heat stress in the Production Equipment and in the Consumer Goods Business, both of which were affected by the heat wave that began before the end of the rainy season in Japan. As a result, net sales, operating profit, ordinary profit, and profit attributable to owners of parent are expected to exceed the previously announced forecasts. Accordingly, the Company has revised its consolidated earnings forecasts for FY2025 Q2 . With respect to the full-year consolidated earnings forecasts for FY2025, we will leave the announced figures unchanged at this time because we should carefully assess market trends and changes in the external environment, etc., from Q3 onward.
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Copyright © 2025 YAMAZEN CORPORATION 3 AGENDA Ⅰ．FY2025 Q1 Financial Highlights Ⅱ. Earnings Forecast for FY2025, Medium-Term Management Plan Ⅲ．Shareholder Returns Appendix
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Copyright © 2025 YAMAZEN CORPORATION FY2025 Q1 Consolidated Profit and Loss Results 4 FY2024 Q1 FY2025 Q1 YoY Full-year Plan Achievement Rate Net sales 118,577 126,136 + 6.4% 530,000 23.8% Gross profit 17,756 19,114 + 7.7% - - (Gross profit margin) 15.0% 15.2% +0.2pt - - SG&A expenses 16,885 17,381 + 2.9% - - Operating profit 870 1,732 + 99.0% 9,000 19.3% (Operating profit margin) 0.7% 1.4% +0.6pt 1.7% - Non-operating profit/loss 261 57 - 78.0% - - Ordinary profit 1,132 1,790 + 58.1% 9,000 19.9% Extraordinary gain/loss 180 1,015 +462.8% - - Profit attributable to owners of parent 642 1,823 + 183.9% 7,000 26.1% (Million yen) Net sales: 126,136 million yen, YoY: +6.4% Net sales increased owing to strong sales of products designed to prevent heat stress, environmental improvement equipment, and air-conditioning control equipment due to the extreme heat. Gross profit increased due to increased net sales. Quarterly net profit Profits rose due to an increase in operating profit and the recording of a gain on sales of policy stockholdings. Gross profit: 19,114 million yen, YoY: +7.7% Operating profit: 1,732 million yen, YoY: +99.0% Although SG&A expenses increased 2.9% YoY due to increases in provisions of allowance for doubtful accounts, sales commissions, freight costs, etc., the increase in gross profit more than offset these costs, resulting in a profit increase. attributable to owners of parent : 1,823 million yen, YoY: +183.9%
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Copyright © 2025 YAMAZEN CORPORATION FY2025 Q1 Net Sales by Business Division 5 FY2024 Q1 FY2025 Q1 YoY Machine Tools Division 13,671 15,362 + 12.4% Industrial Solution Division 21,809 23,185 + 6.3% Tool & Engineering Division 19,744 19,987 + 1.2% Global Business Division 19,196 18,887 - 1.6% Total for Production Equipment Business 74,421 77,421 + 4.0% Building Materials Division 17,946 20,987 + 17.0% Home Products Division 24,999 26,664 + 6.7% Total for Consumer Goods Business 42,945 47,652 + 11.0% Other 1,210 1,062 - 12.2% Total 118,577 126,136 + 6.4% (Million yen)
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Copyright © 2025 YAMAZEN CORPORATION Net Sales Composition by Business (YoY) 6 11.5% 12.2% 18.4% 18.4% 16.7% 15.8% 16.2% 15.0% 15.1% 16.6% 21.1% 21.1% 1.0% 0.8% FY2024 Q1 FY2025 Q1 Domestic Machine Tools Domestic Industrial Solution Domestic T&E Overseas Building Materials Home Products Other Domestic production equipment: 46.6％ → 46.4％（-0.2pt） Overseas production equipment: 16.2％ → 15.0％（-1.2pt） ーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーー Production equipment total: 62.8％ → 61.4%（-1.4pt） Building Materials: 15.1％ → 16.6％（+1.5pt） Home Products: 21.1％ → 21.1％（-0.1pt） ーーーーーーーーーーーーーーーーーーーーーーーーーーーーーー Consumer goods total: 36.2％ → 37.8％（+1.6pt） Domestic production equipment Overseas production equipment Building materials Home products
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Copyright © 2025 YAMAZEN CORPORATION Net sales FY2024 Q1 FY2025 Q1 YoY Domestic Production Equipment Machine Tools 13,671 15,362 + 12.4% Industrial Solution 21,809 23,185 + 6.3% Tool & Engineering 19,744 19,987 + 1.2% Total 55,225 58,534 + 6.0% Overseas Production Equipment Global Business 19,196 18,887 - 1.6% Total Net sales 74,421 77,421 + 4.0% Segment profit 809 1,201 + 48.4% Segment profit margin 1.1% 1.6% +0.5pt Production Equipment Segment Overview (Domestic/Overseas) 7 (Million yen) Domestic Production Equipment Business ⚫ Although capital investment in the automotive industry remains sluggish, sales in the Machine Tools business increased as a reactionary rise was seen due to weak performance in machine tools in the previous year. ⚫ While tools and other consumables were also affected by the decline in automobile production, sales of various work supplies used on production sites and measuring/analytical equipment were strong. ⚫ Sales of energy-saving equipment remained steady amid the continued rise in energy prices. Furthermore, as heatstroke prevention measures became mandatory in the workplace in Japan, sales of products designed to prevent heat stress and environmental improvement equipment aimed at improving the working environment, etc., also remained strong. Overseas Production Equipment Business ⚫ At North America Regional Headquarters, capital investment in the manufacturing industry was sluggish overall and down compared to the previous year. ⚫ At Taiwan Regional Headquarters, capital investment, mainly in semiconductor-related products, showed signs of recovery with results exceeding the previous year. ⚫ At China Regional Headquarters, capital investment by domestic-demand-driven companies showed signs of recovery, but this was not enough to offset the decline in capital investment by export-driven companies, resulting in a decrease in investment from the previous year. ⚫ The ASEAN Regional Headquarters has captured new demand for equipment, such the transfer of production from other regions, but capital investment appetite in the manufacturing industry as a whole remains low, staying at the same level as the previous year.
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Copyright © 2025 YAMAZEN CORPORATION Consumer Goods Segment Overview (Building Materials/Home Products) 8 FY2024 Q1 FY2025 Q1 YoY Net sales 17,946 20,987 + 17.0% Segment profit 382 547 + 43.1% Segment profit margin 2.1% 2.6% + 0.5pt Building Materials Business Home Products Business FY2024 Q1 FY2025 Q1 YoY Net sales 24,999 26,664 + 6.7% Segment profit 1,199 1,397 + 16.5% Segment profit margin 4.8% 5.2% + 0.4pt (Million yen) (Million yen) ⚫ Sales of air conditioning equipment remained strong due to demand for energy-saving renovations and the extreme heat. ⚫ Focus was placed on high value-added products in response to consumers' desire to reduce spending due to rising utility bills, and sales of water heaters and other products also remained strong as a result. ⚫ Proposals for facility renovations that combine environmental products and installation were also successful in helping SMEs respond to carbon neutrality and the need to reduce energy costs. ⚫ While rising prices caused a decline in consumer purchasing appetite, efforts were made to quickly plan and develop private brand products that captured consumer needs and strengthened our lineup, and the YAMAZEN brand was popularized by disseminating information via social media and various other media, resulting in growth in sales of AV appliances and other products. ⚫ Sales of workwear with built-in cooling fans and spot coolers remained solid due to the extreme heat. ⚫ Net sales and membership also grew steadily on Yamazen Bizcom, our own e-commerce site for corporations and sole proprietors, which is aimed at expanding our sales channels.
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Copyright © 2025 YAMAZEN CORPORATION Factors for Changes in Operating Profit 9 Increase in gross profit Increase in SG&A expenses (Million yen) Operating profit Operating profit 870 496 1,732 1,358 FY2024 Q1 FY2025 Q1 Production Equipment Business +590 Building Materials Business +281 Home Products Business +521 Provision of allowance for doubtful accounts +182 Sales commission +86 Freight costs +85 Depreciation and amortization +73 Up 861 YoY
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Copyright © 2025 YAMAZEN CORPORATION Consolidated Total Assets 10 Net assets 124.9 Noncurrent assets and deferred tax assets 62.4 Current assets 219.5 Long-term liabilities 10.8 -9.8 -0.4 -2.9 (Billion yen) Liabilities and Total AssetsAssets 20.5 143.7 127.9 Total assets: 282 62.8 229.4 -10.2 292.2End of Mar. 2025 Item End of Jun. 2025 6.1% ROE 1.5% 43.3% Shareholders’ equity ratio 43.8% 1,481.00 yen Net assets per share 1,455.77 yen 112.5 billion yen Market cap 106.3 billion yen 8.3 billion yen Basic operating cash flow -0.6 billion yen (End of Mar. 2025) (End of Jun. 2025) Current liabilities 146.2 (End of Mar. 2025)(End of Jun. 2025) ＋2.4 -9.7 *Market capitalization is calculated by multiplying the closing price at the end of the fiscal year by the number of shares outstanding (excluding treasury shares) on the same date. *Basic operating cash flow is calculated by deducting the increase/decrease in working capital from operating cash flow. *Rounded down to the nearest 100 million yen.
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Copyright © 2025 YAMAZEN CORPORATION 11 AGENDA Ⅰ．FY2025 Q1 Financial Highlights Ⅱ. Earnings Forecast for FY2025, Medium-Term Management Plan Ⅲ．Shareholder Returns Appendix
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Copyright © 2025 YAMAZEN CORPORATION FY2025 Full-year Business Plan 12 FY2024 Results FY2025 Plan YoY Net sales 516,126 530,000 +2.7% Operating profit 9,535 9,000 -5.6% Operating profit margin 1.8% 1.7% -0.1pt Ordinary profit 10,018 9,000 -10.2% Profit attributable to owners of parent 7,845 7,000 -10.8% (Million yen) Net sales: +2.7% YoY Although the economic environment remains uncertain, the management infrastructure that was implemented and expanded under the previous Medium-Term Management Plan will be effectively leveraged to expand our market share by strengthening our sales capabilities. Operating profit will decrease due to the amortization of core system and logistics system expenses, and increases in personnel expenses, logistics expenses, etc. Operating profit: -5.6% YoY
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Copyright © 2025 YAMAZEN CORPORATION FY2025 Full-year Business Plan for the Production Equipment Business 13 88,498 79,559 72,217 73,000 88,001 89,817 95,049 99,000 80,337 78,234 80,204 82,000 62,715 52,724 56,080 33,650 28,326 29,652 90,000 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 FY2022 FY2023 FY2024 FY2025 (Plan) Domestic Machne Tools Domestic Industrial Solution Domestic T&E (Formerly) Overseas Machine Tools (Formerly) Overseas Industrial Solution +T&E Overseas Net sales plan YoY Segment profit plan YoY Segment profit margin Production Equipment Business Total Full- year 344,000 +3.2% 8,300 +0.1% 2.4% Production Equipment Business: 3-year sales trends and full-year plan 333,205 (Million yen) 353,203 344,000328,662 Overseas: (Million yen) ✓ Strengthening expertise in each division and accelerating solution proposals for automation, labor saving, decarbonization, etc. ✓ Strengthening the development and expanding the sales of original products ✓ Approaches to new domains such as semiconductors, food, pharmaceuticals, cosmetics, logistics, and construction machinery. ✓ Outside Japan, geographically expanding target markets, responding to the diversification of markets and business types, and strengthening relationships with suppliers
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Copyright © 2025 YAMAZEN CORPORATION FY2025 Full-year Business Plan for the Consumer Goods Business 14 Net sales plan YoY Segment profit plan YoY Segment profit margin Building Materials Division Full-year 80,000 +1.8% 3,300 +3.4% 4.1% Home Products Division Full-year 104,000 +3.1% 4,600 +3.4% 4.4% Consumer Goods Business: 3-year sales trends and full-year plan 68,031 71,842 78,623 80,000 100,711 101,119 100,883 104,000 0 25,000 50,000 75,000 100,000 125,000 150,000 175,000 200,000 FY2022 FY2023 FY2024 FY2025 (Plan) Building materials Home products 184,000168,742 172,962 (Million yen) 179,506 * A YAMAZEN original concept home that goes one step beyond ZEH, offering added value. ■Building Materials Division ✓ Strengthening engineering and consulting capabilities ✓ Focusing on the retail sector of home improvement stores/home appliance mass retailers and the e-commerce renovation sector to strengthen the home renovation sector ✓ Strengthening sales to house builders and expanding the ZePlus* business ✓ Focusing on energy-saving/subsidy proposals for the residential and non- residential sectors ■Home Products Division ✓ Improving GMV (gross merchandise volume) by increasing touch points for both YAMAZEN’s site and platform sellers ✓ Immediate delivery system and system installation nationwide ✓ Digitalizing transactions across all channels to bring optimal products to market (Million yen)
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Copyright © 2025 YAMAZEN CORPORATION FY2025 Q1 YoY Comparison / Achievement Rate Against Plan 15 Business FY2024 Q1 Results FY2025 Q1 Results YoY FY2025 Full-year Plan Achievement Rate Against Full-Year Plan Machine Tools Net sales 13,671 15,362 +12.4% 73,000 21.0% Industrial Solutions Net sales 21,809 23,185 +6.3% 99,000 23.4% T&E Net sales 19,744 19,987 +1.2% 82,000 24.4% Domestic production equipment total Net sales 55,225 58,534 +6.0% 254,000 23.0% Global Net sales 19,196 18,887 -1.6% 90,000 21.0% Production equipment total Net sales 74,421 77,421 +4.0% 344,000 22.5% Segment profit 809 1,201 +48.4% 8,300 14.5% Segment profit margin 1.1% 1.6% +0.5pt 2.4% - Building materials Net sales 17,946 20,987 +17.0% 80,000 26.2% Segment profit 382 547 +43.1% 3,300 16.6% Segment profit margin 2.1% 2.6% +0.5pt 4.1% - Home products Net sales 24,999 26,664 +6.7% 104,000 25.6% Segment profit 1,199 1,397 +16.5% 4,600 30.4% Segment profit margin 4.8% 5.2% +0.4pt 4.4% - Consumer goods total Net sales 42,945 47,652 +11.0% 184,000 25.9% Segment profit 1,581 1,945 +23.0% 7,900 24.6% Segment profit margin 3.7% 4.1% +0.4pt 4.3% - Other Net sales 1,210 1,062 -12.2% 2,000 53.1% Segment profit -1,520 -1,414 - -7,200 - Segment profit margin - - - - - Consolidated Net sales 118,577 126,136 +6.4% 530,000 23.8% Operating profit 870 1,732 +99.0% 9,000 19.3% Operating profit margin 0.7% 1.4% +0.6pt 1.7% - (Million yen)
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Copyright © 2025 YAMAZEN CORPORATION Medium-Term Management Plan: Sales/Profit/Management Indicators 16 FY2024 Results Net sales 516,126 Operating profit 9,535 Ordinary profit 10,018 Profit attributable to owners of parent 7,845 FY2024 Results Return on Equity (ROE) 6.1% Basic operating cash flow 8,341 Shareholders’ equity ratio 43.3% FY2025 First year of Medium-Term Management Plan FY2027 Final year of Medium-Term Management Plan 530,000 600,000 9,000 16,000 9,000 16,000 7,000 11,000 FY2025 First year of Medium-Term Management Plan FY2027 Final year of Medium-Term Management Plan 5.5% 8.0% 11,000 14,000 40~45% 40~45% Note: Basic operating cash flow is calculated by deducting changes in working capital from operating cash flow. ■ Management Indicators ■Sales/Profit (Million yen) (Million yen)
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Copyright © 2025 YAMAZEN CORPORATION 17 AGENDA Ⅰ．FY2025 Q1 Financial Highlights Ⅱ. Earnings Forecast for FY2025, Medium-Term Management Plan Ⅲ．Shareholder Returns Appendix
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Copyright © 2025 YAMAZEN CORPORATION FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Plan Dividend per share (yen) Mid-year 15.0 16.0 10.0 10.0 20.0 20.0 20.0 20.0 End of year *21.0 14.0 10.0 *25.0 20.0 30.0 32.0 32.0 Annual *36.0 30.0 20.0 35.0 40.0 50.0 52.0 52.0 Payout ratio (%) 28.0 35.0 24.9 26.2 28.4 68.5 57.4 63.5 Dividend on equity ratio (DOE) (%) 3.8 3.0 1.9 2.9 3.0 3.5 3.5 3.5 Dividend paid (Million yen) 3,405 2,837 1,891 3,115 3,560 4,451 4,453 4,453 Amount of treasury stock acquired (Million yen) - - - 5,999 - - 4,999 - Total return ratio (%) 28.0 35.0 24.9 75.8 28.4 68.5 120.5 63.5 Shareholder Returns 18 ➢ FY2024: Paid an interim dividend of 20 yen per share and a year-end dividend of 32 yen per share, for an annual dividend of 52 yen per share. ➢ FY2025: Plan to pay an interim dividend of 20 yen per share and a year-end dividend of 32 yen per share, for an annual dividend of 52 yen per share. (Yen) （％） 128.80 85.60 80.25 133.74 141.00 73.04 90.63 81.89 28.0 35.0 24.9 26.2 28.4 68.5 57.4 63.5 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 2019/3期 2020/3期 2021/3期 2022/3期 2023/3期 2024/3期 2025/3期 2026/3 予定 １株当たり純利益（円） 連結配当性向（％） *Includes special dividends and commemorative dividends
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Copyright © 2025 YAMAZEN CORPORATION 19 Appendix
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Copyright © 2025 YAMAZEN CORPORATION Quarterly Trend in Consolidated Net Sales 20 105,000 110,000 115,000 120,000 125,000 130,000 135,000 140,000 Q1 Q2 Q3 Q4 FY2021 FY2022 FY2023 FY2024 FY2025(Million yen)
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Copyright © 2025 YAMAZEN CORPORATION Production Equipment Segment Quarterly Sales Trend (Domestic/Overseas) 21 0 5,000 10,000 15,000 20,000 25,000 30,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2021 FY2022 FY2023 FY2024 FY2025 Overseas Machine Tools Overseas Industrial Solution + T&E (Million yen) 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2021 FY2022 FY2023 FY2024 FY2025 Domestic Machine Tools Domestic Industrial Solution Domestic T&E (Million yen)
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Copyright © 2025 YAMAZEN CORPORATION Consumer Goods Segment Quarterly Sales Trend (Building Materials/Home Products) 22 0 5,000 10,000 15,000 20,000 25,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2021 FY2022 FY2023 FY2024 FY2025 Building materials 0 5,000 10,000 15,000 20,000 25,000 30,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2021 FY2022 FY2023 FY2024 FY2025 Home products (Million yen) (Million yen)
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