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Securities code: 9090 TSE Prime Market Financial Results for FY2026/3 3Q AZ-COM MARUWA Holdings Inc. Although the Company pays close attention to provide English translation of the information disclosed in Japanese, the Japanese original prevails over its English translation in the case of any discrepancy. UNOFFICIAL TRANSLATION
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SECTION 01 02 03 04 Copyright© 2026 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 1 Consolidated Financial Forecasts for FY2026/3 Appendix Status of Progress of 2028 Medium-term Management Plan Financial Results for FY2026/3 3Q
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SECTION 01 02 03 04 Copyright© 2026 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 2 Consolidated Financial Forecasts for FY2026/3 Appendix Status of Progress of 2028 Medium-term Management Plan Financial Results for FY2026/3 3Q
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FY2026/3 3Q Financial Results Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 3 FY2025/3 FY2026/3 FY2026/3 3Q 3Q Growth rate Change forecast Net sales 157,644 174,918 +11.0% 17,274 220,000 79.5% Operating income 8,941 10,131 +13.3% 1,190 11,900 85.1% Profit margin[%] 5.7 5.8 - 0.1 5.4 - Ordinary income 9,399 10,495 +11.7% 1,096 12,000 87.5% Profit margin[%] 6.0 6.0 - 0.0 5.5 - Profit attributable to owners of the parent 5,956 6,570 +10.3% 614 7,300 90.0% （million Yen） YoY Progress %
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Net Sales by Domain (Transportation Business) Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 4 +5.0～ +0.0～+4.9 -0.0～-4.9 -5.0～ YoY Last-One-Mile Business E-commerce & Ordinary-temperature Transportation Business YoY Unit: million yen (3.0％) +13.3％ 28,656 30,184 29,277 FY2024/3 3Q FY2025/3 3Q FY2026/3 3Q 46,095 40,866 46,283 FY2024/3 3Q FY2025/3 3Q FY2026/3 3Q • Increase in the number of vehicles in response to Black Friday sales, etc. • Decrease associated with the partial transfer of businesses such as online supermarkets • Increase in the number of shipments accompanying various sales and year-end demand • Expansion of new transportation services with existing customers
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Net Sales by Domain (3PL Business) Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 5 YoY E-commerce & Ordinary-temperature 3PL Business Low-temperature Food 3PL Business Medicine & Medical 3PL Business YoY YoY Unit: million yen +18.3％ +9.2％ +11.1％ 40,592 47,949 56,735 FY2024/3 3Q FY2025/3 3Q FY2026/3 3Q 16,593 18,262 19,937 FY2024/3 3Q FY2025/3 3Q FY2026/3 3Q 16,277 18,279 20,309 FY2024/3 3Q FY2025/3 3Q FY2026/3 3Q • Full-year operation of logistics centers for major online retailers • Increase in the volume of goods handled for existing customers • Full-year operation of logistics centers for supermarkets • Increase in the volume of goods handled, driven by rising product unit prices and year-end demand • Full-year operation of logistics centers for drugstores • Strong growth in the volume of goods handled, mainly for stores in city centers
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FY2026/3 3Q Ordinary Profit Change Copyright© 2026 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 6 FY2025/3 3Q FY2026/3 3Q Result Result 10,495 9,399 (717) (685) (675) (334) +674 +1,348 +1,485 1Q 2Q 3Q Figures are on a cumulative 3Q basis. 「AZ-COM Matsubushi EAST」 strategic upfront investment ・ 217 million yen 1,096 million YenYoY Unit: million yen One-time expenses (Preparations for new openings, stabilization of operations, etc.) Employee wages Effects of base-Up Withdrawal/ Downsizing Decreased existing volume Tender offer related expenses in the previous period Acquisition of new clients/Expansion of existing businesses/Full-year operation Freight rate revisions/Productivity improvements/Cost reductions
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Profit-and-Loss Statement Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 7 FY2025/3 2Q Compaison ratio FY2026/3 3Q Composition ratio YoY YoY change Net sales 157,644 100.0% 174,918 100.0% +11.0% 17,274 Cost of sales 140,817 89.3% 157,166 89.9% +11.6% 16,349 Gross profit 16,827 10.7% 17,751 10.1% +5.5% 924 SG&A expenses 7,885 5.0% 7,619 4.4% (3.4%) (266) Operating income 8,941 5.7% 10,131 5.8% +13.3% 1,190 Non-operating income 598 0.4% 732 0.4% +22.4% 134 Non-operating expenses 140 0.1% 369 0.2% +163.6% 229 Ordinary income 9,399 6.0% 10,495 6.0% +11.7% 1,096 Extraordinary gains 314 0.2% 77 0.0% (75.5%) (237) Extraordinary losses 15 0.0% 0 0.0% (100.0%) (15) Profit before income taxes 9,697 6.2% 10,572 6.0% +9.0% 875 Total income taxes 3,453 2.2% 3,735 2.1% +8.2% 282 6,244 4.0% 6,836 3.9% +9.5% 592 Profit attributable to noncontrolling interests 287 0.2% 265 0.2% (7.7%) (22) 5,956 3.8% 6,570 3.8% +10.3% 614 Unit:million yen Fraction of less than 1 million yen are rounded off Profit Profit attributable to owners of the paren
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FY2026/3 2Q Cost of Sales Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 8 ■ Breakdown of expenses included in cost of sales Fuel expenses OtherVehicle hiring expenses Subcontract expenses Unit: million yen FY2025/3 FY2026/3 Fraction of less than 1 million yen are rounded off 3Q 3Q Growth rate Change Total 140,817 157,166 +11.6% 16,349 - Labor cost 38,556 42,499 +10.2% 3,943 27.0% Other costs 102,260 114,667 +12.1% 12,407 73.0% YoY Comparison ratio 41.6% 44.3% 13.6% 12.3% 1.1% 1.1% 16.7% 15.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% FY2026/3 3Q FY2025/3 3Q 72.6％ 102,260 million yen 73.0％ 114,667 million yen
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Balance Sheet Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 9 FY2025/3 FY2026/3 3Q YoY YoY Change Main factors resulting in changes Current assets 66,573 61,492 (7.6%) (5,081) Cash and deposits Trade notes and accounts receivable (11,152) 3,864 Non-current assets 71,977 97,973 +36.1% 25,996 Buildings and structures, net Construction in progress 20,854 (5,264) Total assets 138,550 159,466 +15.1% 20,916 Current liabilities 50,682 37,246 (26.5%) (13,436) Trade notes and accounts payable Current portion of convertible bonds 2,440 (20,146) Non-current liabilities 27,436 57,518 +109.6% 30,082 Convertible bonds Long-term loans payable 22,000 6,539 Total liabilities 78,119 94,765 +21.3% 16,646 Shareholders’ equity 54,540 56,792 +4.1% 2,252 Retained earnings 2,242 Accumulated other comprehensive income 3,227 5,090 +57.7% 1,863 Unrealized gain on available-for-sale securities 1,815 Noncontrolling interests 2,663 2,818 +5.8% 155 Total net assets 60,431 64,701 +7.1% 4,270 Total liabilities and net assets 138,550 159,466 +15.1% 20,916 Unit:million yen
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SECTION Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 10 01 02 03 04 05 Financial Results for FY2026/3 2Q Consolidated Financial Forecasts for FY2026/3 Appendix Status of Progress of 2028 Medium-term Management Plan Initiatives for Sustainable Growth
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FY2026/3 Forecast Summary Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 11 • First half: The full-year operation of the logistics center, which opened in the previous fiscal year, contributed to strong performance. • Second half: One-time expenses related to stabilizing operations at new logistics centers and consolidating/closing existing logistics centers to improve productivity are expected. FY2025/3 FY2026/3 FY2025/3 FY2026/3 Result Forecast Growth rate Change Second half Result Second half Forecast Growth rate Change Net sales 208,370 220,000 +5.6% 11,630 106,930 106,946 +0.0% 16 Operating income 10,956 11,900 +8.6% 944 6,630 5,832 (12.0%) (798) Profit margin[%] 5.3 5.4 - 0.1 6.2 5.5 - (0.7) Ordinary income 11,633 12,000 +3.2% 367 7,024 5,731 (18.4%) (1,293) Profit margin[%] 5.6 5.5 - (0.1) 6.6 5.4 - (1.2) Profit attributable to owners of the parent 7,276 7,300 +0.3% 24 4,431 3,309 (25.3%) (1,122) Earnings per share (Yen) 54.00 54.21 33.05 Dividend per share (Yen) 32.00 32.00 16.00 （million Yen ） YoY Second half YoY
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Shareholder Return Policy Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 12 • We have continued to increase dividends since our listing (FY2014/3) and will maintain a basic policy of progressive dividends (excluding commemorative dividends). • We will aim to achieve a dividend payout ratio of approximately 40%. * The Company conducted a two-for-one stock split on October 1, 2019 and on January 1, 2021. Taking into account the impact of the stock split, changes in indicators per share after retroactive adjustments are shown below. * The dividend for the fiscal year ended March 2021 includes a commemorative dividend (3.75 yen for interim and year-end dividends) to mark the 50th anniversary of the Company’s foundation. Medium-term Management Plan 2022 Medium-term Management Plan 2025 32.00 59.0% 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0 5 10 15 20 25 30 35 40 FY2026/3 FY2027/3 FY2028/3 10.96 18.96 19.00 23.50 30.00 32.00 29.1% 43.5% 39.0% 38.0% 42.3% 59.2% 5.7% 9.2% 8.7% 9.1% 8.6% 7.6% FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 Medium-term Management Plan 2028 Forecast Image Image Dividends per Share (JPY) Dividend payout ratio DOE（Ratio of dividends to net assets）
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SECTION 03 Copyright© 2026 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 13 01 02 04 Consolidated Financial Forecasts for FY2026/3 Appendix Status of Progress of 2028 Medium-term Management Plan Financial Results for FY2026/3 3Q
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Initiatives for “Transforming Itself into a Highly Profitable Company"(Reproduced from the FY2026/3 2Q materials) Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 14 Securing profit through sales growth01 ◆ Aiming for sales expansion and business growth in each domain by repeatedly formulating and reviewing current business strategies while predicting the future business environment using analysis methods that leverage various frameworks ◆ Improvement of operating rates at new sites (AZ-COM Matsubushi, etc.) and existing sites Price transfer of cost increases02 ◆ Providing value to customers by maintaining and improving high logistics quality as well as bolstering communication ◆ Gradual and periodic price revisions (rate negotiations), cost reductions, and negotiating terms with customers Reducing the cost-of-sales ratio03 ◆ Standardizing business and promoting DX ◆ Increasing sales per employee by improving employee management skills ◆ Strengthening AZ-COM Maruwa Group synergy through consolidation and closure of bases and joint sales Reducing the SGA ratio04 ◆ Consolidating non-core and routine tasks as shared services for the entire AZ-COM Maruwa Group ◆ Streamlining operations and management through business process inventory, a focus on core operations, avoidance of work duplication, standardization, efficiency, and organizational integration and reorganization ◆ Strengthening variable cost measures by promoting daily financial statement management
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We will utilize this center as a logistics node to connect Kochi with external regions and to support logistics inside Kochi We will consolidate cargo for different supermarkets in Kochi and deliver them in batches for each area We will implement a system with a digital display regarding cargo storage and required quantities The site is 60 meters above sea level and designed to mitigate tsunami risks associated with a Nankai Trough earthquake To address the "2030 Logistics Problem," this center features one of the largest sites in Kochi with an area of approx. 2,000 tsubo (approx. 6,612 square meters), and will help ensure the continuity of logistics that support daily life Details on the Newly Launched Operations Center Copyright© 2026 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 15 AZ-COM KochiLow-temperature Food 3PL Location Kochi-shi, Kochi Use 3-temperature zone center for supermarkets Revitalization of the local economy01 Number of stores served 49 stores from 6 companies Greater delivery efficiency02 Labor savings03 BCP measures04 Future potential05
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Copyright© 2026 AZ-COM MARUWA Holdings Inc. All Rights Reserved AZ-COM Matsubushi EAST (Matsubushi-machi, Kitakatsushika-gun, Saitama) ◼ Scheduled to operate at approx. 80% occupancy including the two major shippers and multiple other shippers currently in preparation. ◼ Proceeding to attract highly compatible shippers, aiming for 100% occupancy rate by December 2026. 5F 4F 3F 2F 1F Operation Schedule Feb.–Mar. 2026 Dec. 2026 Full-scale operation Expansion of refrigerated/ frozen facilities 1 2 3 Alignment with shippers’ management strategies and ESG FY2027/3 FY2028/3 FY2029/3 7.5 billion yen 9.0 billion yen 11.0 billion yen Sales Target Start of operation PAGE 16 外観：フロア構成（予定） Features Construction of a food logistics model Core base in the Greater Tokyo Area Major Shippers Mami-mart Corporation. Duskin Co., Ltd. (Mister Donut Business) Management Issues Management Issues Restructuring food logistics and establishing a highly profitable 3PL model base to support business expansion and accelerated growth Ordinary- temperature Refrigerated/ Frozen Refrigerated Ordinary- temperature Ordinary- temperature Food retailer/ Manufacturer Food retailer/ Manufacturer/ Nursing care food Food retailer (Produce processing, etc.) Food retailer/Manufacturer BCP-compliant warehouse Food retailer/ Manufacturer Pre-operation preparation Completion Mister Donut Mami- mart ‣ Strengthening product capabilities centered on fresh foods and prepared foods ‣ Enhancing the sophistication of store operations ‣ Growth through sustainable new store openings and renovations ‣ Ensuring rigorous quality and safety ‣ Enhancing customer experience ‣ Building a sustainable business foundation
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SECTION 04 Copyright© 2026 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 17 01 02 03 Consolidated Financial Forecasts for FY2026/3 Appendix Status of Progress of 2028 Medium-term Management Plan Financial Results for FY2026/3 3Q
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Corporate Data (As of March 31, 2025) Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 18 Company Head office Head sales office Tokyo office President & CEO Established Capital Business Group companies Number of employees Issued shares AZ-COM MARUWA Holdings Inc. Asahi 7-1, Yoshikawa-shi, Saitama, Japan 342-0008 Asahi Momotaro 1-1-1, Yoshikawa-shi, Saitama, Japan 342-8505 Masaru Wasami August 1973 9,117 million yen Management administration of group companies, etc. Consolidated subsidiaries: 20, Non-consolidated subsidiaries: 4, Affiliates: 1, Other related company: 1 25,697 in total including 5,241 regular employees and 20,456 part-time employees *Group total 137,984,520 shares * As of September 30, 2025 * Tekko Building 5F, Marunouchi 1-8-2, Chiyoda-ku, Tokyo, Japan 100-8235
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Company’s History Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 19 1970 Start up with only one truck Started business transactions with Ito- Yokado 1973 Started business transactions with Duskin 1991 1995 Started transactions with Matsumoto-Kiyoshi (currently: MatsukiyoCocokara & Co.) Expanded medical logistic range to nationwide 2006 Started online supermarket deliveries for Ito-Yokado 2013 Started low- temperature food logistics business 2015 Listed on TSE First Section (currently: TSE Prime Market) 2017 “EC Last One Mile Same-Day Delivery Service” Started business transactions with Amazon 2019 Full-scale BCP logistics operations * Large-Scale Disaster Support Activity Agreement Concluded BCP Agreement with Seven Eleven Japan and CCBJI* 2022 AZ-COM MARUWA Holdings Inc. <Transition to pure holding company structure> 2023
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Business domains Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 20 Other business 2.7billion ・ information systems business ・business process outsourcing (BPO) Transportation Business 3PL Business Last-One-Mile Business EC Ordinary-temperature Transportation Business ¥39.3 billion ¥53.3 billion・Home delivery service using light and small vehicles ・Individual delivery services for co-ops ・Online supermarket services ・Home delivery and installation of electrical appliances, etc. ・transportation between bases using medium to large vehicles ・Delivery between stores Main Customers Main Customers ・Amazon Japan G.K. ・CO-OP MIRA I etc. ・Amazon Japan G.K. etc. 18.9% 25.6% EC Ordinary-temperature 3PL Business Low-temperature Food 3PL Business Medicine & Medical 3PL Business ¥64.4 billion ¥24.2 billion ¥24.1 billion 30.9% 11.6% 11.6% ・Dedicated center operations for major EC sites ・Center operations for normal temperature products in the retail industry ・Center operations for supermarkets ・Procurement logistics from manufacturers/wholesale centers ・Center operations for drug stores ・Return logistics (for manufacturers/wholesalers) Main Customers Main Customers Main Customers ・Amazon Japan G.K. ・Duskin Co., Ltd. etc. ・Belc CO., LTD. ・CO-OP TOHOKU SUNNET BUSINESS ALLIANCE ・MARUAI Inc. ・Yamazawa Co., Ltd. ・Beisia Co., Ltd. ・Mammy Mart Corporation, etc. ・MatsukiyoCocokara & Co. etc ※FY2025/3 Net sales ※The pie chart shows the composition of Net sales in the FY2025/3 1.3% FY2025/3 Net sales 208.3 billion yen
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Logistics Network (as of March 31, 2025) Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 21 ✓ In total 269 bases Tokyo Office (Chiyoda-ku, Tokyo) Corporate Headquarters (Yoshikawa-shi, Saitama) Hokkaido area Tohoku area Kanto area Kansai/Kinki area Chugoku and Shikoku areas Kyushu area 48 bases 6 bases 11 bases 21 bases 14 bases 149 bases Chubu and Tokai areas 20 bases
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Key Management Indicators Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 22 Item FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 (forecast) Net Sales(million yen) 133,000 177,829 198,554 208,370 220,000 Ordinary profit(million yen) 9,139 11,949 14,498 11,633 12,000 Ordinary profit ratio (%) 6.9 6.7 7.3 5.6 5.5 Profit attributable to ownerws of parent(million yen) 6,125 7,780 9,119 7,276 7,300 Total assets(million yen) 88,391 112,028 134,594 138,550 - Net assets(million yen) 30,943 38,162 57,542 60,431 - Earnings per share(yen) 48.72 61.86 70.88 54.00 54.21 Net assets per share (yen) 230.19 285.40 408.61 428.98 - Shareholders' equity ratio (%) 32.7 32.1 41.0 41.7 - Return on equity (ROE) 22.4 24.0 20.0 12.9 -
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Initiatives for Improving Recognition Among Domestic and International Investors Copyright© 2025 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 23 • We consider that the sluggish performance of our stock price is due not only to doubts about our future growth potential but also to insufficient awareness among domestic and international investors. • We will implement the following initiatives to improve recognition (1) Holding financial results briefings earlier Increasing the transparency of corporate information and building trust with investors by holding briefings earlier after the earnings announcement date (2) Providing financial results briefing transcripts (Japanese and English) Currently, only videos of the briefings are provided. Transcribing the script will reduce the time needed to grasp the main points Improving convenience for sell- side analysts Strengthening appeal to domestic and international institutional investors Strengthening appeal to individual investors (3) Introduction of sponsored research and enhancement of English-language disclosures. Communicating our business model, strengths, and financial reports in Japanese and English to appeal to overseas institutional investors (4) Enhancing briefings for individual investors Further enhancing briefings for individual investors to raise interest in a broader range of individual investors Improving recognition in the capital markets as a whole
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Copyright© 2026 AZ-COM MARUWA Holdings Inc. All Rights Reserved PAGE 24 【Disclaimer】 ◼ This presentation contains forward-looking statements concerning the future plans and business objectives of AZ-COM MARUWA Holdings Inc. These forward-looking statements are not statements of historical facts, rather they are based on certain assumptions involving our judgments and predictions with respect to our performance, business and future events as of today. The forward-looking statements are not guarantees of such assumptions and the results of which often differ materially from those expressed herein. ◼ Except when required by applicable disclosure laws, we undertake no obligation to publicly update or revise any forward-looking statement to reflect events or circumstances after the date on which it is made or the occurrence of anticipated or unanticipated events or circumstances. Corporate Strategy Group Public Relations Investor Relations Dept. AZ-COM MARUWA Holdings Inc. Any inquiries concerning this presentation and IR matters to be directed to: https://www.az-com-maruwa-hd.co.jp/en/ https://www.az-com-maruwa-hd.co.jp/en/ Website