Securities Code: 9474

Briefing on Results for Fiscal 2022

(Year Ended March 31, 2022)

May 18, 2022

President and CEO

Zenshi Takayama

Executive Vice President

Junya Amita

Executive Officer, and Head of Corporate Management Division

Yumiko Toshima

Table of Contents

Briefing on Results for FY2022

  1. Overview of the Results for Fiscal 2022
  2. Rolling Plan for Medium- to Long-Term Business Plan
    "ZENRIN GROWTH PLAN 2025"
  3. Appendix

Note: This document contains forward-looking statements based on assumptions, forecasts and plans in light of information available to ZENRIN Co., Ltd. as of the preparation date of this document. Actual performance may vary significantly from the forecast figures due to various risks and uncertainties owing to global economic trends, market demand, status of competition, exchange fluctuations and other factors.

The information that appears in this document rounds down fractions to the nearest specified unit and rounds off decimals in the percentage of change to the first decimal place.

In addition, cases where the percentage of change exceeds 1000% and cases where one or both of the items of comparison is negative are shown as "-".

© ZENRIN CO., LTD. All Rights Reserved.

1

Briefing on Results for FY2022

1. Overview of the Results for Fiscal 2022

  1. Overview of the Results
  2. Changes in Net Sales, Income and Profit
  3. Causes for Change in Operating Income
  4. Net Sales by Business
  5. Changes in Cash Flows
  6. Shareholder returns (Dividend, Purchase of Treasury Shares)

© ZENRIN CO., LTD. All Rights Reserved.

2

1-1) Overview of the Results for Fiscal 2022

Briefing on Results for FY2022

Key Points 【increase in sales and profit】 (Compared to Fiscal 2021)

  • Despite a partial decline in net sales due to the application of the Accounting Standard for Revenue Recognition,
  • sales increased in the Automotive Business, due to the strong sales of vehicles equipped with the Company's in-car navigation map data
  • contracted services for corporations using residential map data and the stock-type service, "GIS package," performed well
  • sales in the Marketing Solutions Business also increased on the back of a recovery in advertising demand
  • In terms of profit and loss, despite increases in personnel and other expenses, operating profit increased due to the increase in net sales. Profit attributable to owners of parent also increased, due to the recognition of a gain on sale of investment securities under extraordinary income as a result of a partial sale of shares of an affiliated company.

(Amounts in million yen)

FY2022

FY2022

Compared to

Compared to

Compared to

FY2020

FY2021

Revised

FY2022

Revised Forecast

Forecast

FY2020

FY2021

Actual

Actual

Forecast

Actual

(Dec.17 2021)

(Apr. 28 2021)

% of

% of

% of

(Dec.17 2021)

Change

Change

divergence

Net Sales

59,771

57,225

58,200

58,200

59,053

-717

-1.2

1,827

3.2

853

1.5

Operating Expenses

56,470

55,789

56,500

55,900

56,382

-87

-0.2

593

1.1

482

0.9

Operating Profit

3,300

1,436

1,700

2,300

2,670

-630

-19.1

1,233

85.9

370

16.1

Operating Margin

5.5%

2.5%

2.9%

4.0%

4.5%

-1.0pt

2.0pt

0.5pt

Ordinary Profit

3,709

1,683

1,900

2,500

3,044

-664

-17.9

1,360

80.8

544

21.8

Profit Attributable to

2,633

1,248

1,300

3,400

3,658

1,025

38.9

2,409

192.9

258

7.6

Owners of Parent

*the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. have been applied from the beginning of the first quarter of fiscal 2022.

As a result, net sales for fiscal 2022 decreased by 1,041 million yen, and cost of sales decreased by 1,036 million yen as compared to the previous accounting method.

The impacts on operating profit, ordinary profit and profit before income taxes were minor.

*Regarding figures for the previous fiscal year (fiscal 2021) and earlier, the increase (decrease) are reference values because the Accounting Standard for Revenue

Recognition, etc. are not applied retrospectively (same as the next page and after).

3

© ZENRIN CO., LTD. All Rights Reserved.

1-2) Changes in Net Sales, Income and Profit

Briefing on Results for FY2022

(Amounts in million yen)

Net Sales

Operating Income

Ordinary Income

Profit Attributable

to Owners of Parent

Compared

Up 1,827 (+3.2%)

Up 1,233 (+85.9%)

Up 1,360 (+80.8%)

Up 2,409 (+192.9%)

to FY2021

Compared

Up 853 (+1.5%)

Up 370 (+16.1%)

Up 544 (+21.8%)

Up 258 (+7.6%)

to Forecast

(Dec.17)

80,000

61,332

63,747

59,771

57,225

58,200

59,053

8,000

5,441

5,824

5,863

6,200

70,000

7,000

60,000

6,000

50,000

Actual

Actual

Actual

Actual

ForecastEarnings17Dec.

Actual

5,000

3,300

1,436

2,300

2,670

3,709

1,683

2,500

3,044

3,336

3,206

2,633

1,248

3,400

3,658

40,000

4,000

30,000

3,000

20,000

2,000

10,000

1,000

0

0

18/3

19/3

20/3

21/3

22/3

22/3

18/3

19/3

20/3

21/3

22/3

22/3

18/3

19/3

20/3

21/3

22/3

22/3

18/3

19/3

20/3

21/3

22/3

22/3

Increase in sales for the

Increase in income

Increase in income for the

first time in three periods

for the first time in three periods

first time in four periods

© ZENRIN CO., LTD. All Rights Reserved.

4

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Zenrin Co. Ltd. published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2022 08:52:07 UTC.