(Securities Code: 6800)

Financial Results Briefing for the First Quarter ofthe Fiscal Year Ending March 31, 2025

August 8, 2024

*Information contained in these materials is based on various assumptions and does notguarantee the achievement of planned values and measures in the future.

Yokowo Co., Ltd. All rights reserved.

The First Quarter of the Fiscal Year Ending March 31, 2025

Summary of First Quarter of the Consolidated Financial Results
Average exchange rate
1＄：￥ 137.49

Average exchange rate
1＄：￥ 155.79

Previous first quarter(Apr. – June. 2023)
Results

First quarter under review(Apr. – June.2024)
ResultsNet sales

18,181

20,877

14.8%

Operating profit▲258

1,056－Ordinary profit

1,156

2,017

74.5%

828

1,728

108.7%

Profit（ Unit: Million yen ）YoY

Net sales increased to ¥20,877 million, due to increased year-on-year sales in VCCS,
CTC and FC・MD segment.

Operating profit increased ¥1,056 million, due to profit in VCCS segment improved significantly
and stabilized. Also, both CTC and FC・MD segment turned profitable.

Ordinary profit increased to ¥2,017 million reflecting an exchange gain of ¥967 million
attributable to the weakening of the yen and an increased operating profit.

Profit increased to ¥1,728 million mainly due to an increased ordinary profit and a decrease in
the tax burden ratio by improved collection of deferred tax asset.
Yokowo Co., Ltd. All rights reserved.

The First Quarter of the Fiscal Year Ending March 31, 2025

Trends in Net Sales by Segment

18,181

20,877

88112

1,873

1Q ended June 2023

Incubation CenterOthers

FC・MD

2,749
CTC

3,606

3,415

12,779（ Unit: Million yen ）

VCCS

＜YoY＞

14,433

The whole company+14.8％

Incubation CenterOthers▲22.1%

FC・MD+46.8％

CTC+5.6％

VCCS+12.9％

1Q ended June 2024

Yokowo Co., Ltd. All rights reserved.

The First Quarter of the Fiscal Year Ending March 31, 2025

The First Half of the Fiscal Year Results Forecast
Average exchange rate
for the period
USD1: ¥141.06

1H 2024/3
Results

Assumed exchange rate
USD1: ¥145
(From August to September 2024)

1H 2025/3
Previous forecast(Announced inMay 2024)

1H 2024/3
Current forecast（ Unit: Million yen ）Compared withprevious forecast

YoYNet sales

36,79440,00040,000+8.7％－Operatingprofit▲120

1,8001,800－－

Ordinary profit

1,701

1,000

1,150

▲32.4％+15.0％

958

650

750

▲21.8％+15.4％

ProfitFrom August to September 2024, the assumed exchange rate is USD1: ¥145.
(The assumed exchange rate announced in May 2024 was USD1: ¥145)
Ordinary profit and profit have been revised based on the change in currency
sensitivity in 1Q results.
Yokowo Co., Ltd. All rights reserved.

The First Quarter of the Fiscal Year Ending March 31, 2025

Full-year Results Forecast
Average exchange rate
for the period
USD1: ¥144.58

FY 2024/3
Results

Assumed exchange rate
USD1: ¥140
(From October 2024 to March 2025)

FY 2025/3
Previous forecast(Announced inMay 2024)

FY 2025/3
Current forecast（ Unit: Million yen ）YoYCompared withprevious forecast

Net sales

76,895

81,15080,000

4.0％

▲1.4％

Operatingprofit

1,617

4,550

4,100+153.4％▲9.9％

Ordinary profit

3,710

3,750

3,000

▲19.1％▲20.0％

Profit

1,511

2,500

2,000+32.3％▲20.0％

From October 2024 to March 2025, the assumed exchange rate is USD1: ¥140.
(The assumed exchange rate announced in May 2024 was USD1: ¥145)
The rate was revised reflecting change in the assumed exchange rate and order forecasts
for each segment.
Yokowo Co., Ltd. All rights reserved.

The First Quarter of the Fiscal Year Ending March 31, 2025

Forecast for Net Sales by Segment

76,89540,00080,000（ Unit: Million yen ）

300

352

9,800

8,373

Incubation Center
Others
FC・MD

14,80012,585

CTC

＜YoY＞
VCCS

150

4,950
55,583

7,200

55,100The whole company+4.0％

Incubation CenterOthers▲15.1%

FC・MD+17.0％

CTC+17.6％

VCCS

▲0.9％

27,700FY 2024/31H 2025/3
Forecast

FY 2025/3
Forecast

Yokowo Co., Ltd. All rights reserved.

The First Quarter of the Fiscal Year Ending March 31, 2025

Forecast for Operating profit by segment ①<CTC><VCCS><Prerequisite>
・Increase in profit driven by improvements in the product mix
・Slowed down profit margin caused by increased domestic
production ratio
・Both sales and profit are expected to decrease due to the revisionof the assumed exchange rate to a stronger yen.
→ Operating profit is expected to be profitable compared to theprevious year

<Prerequisite>
・Production adjustment at some automobile manufacturers isexpected to be continued until the fiscal year ending March 31,2025.
・Sales decreased but profit increased due to the revision of theassumed exchange rate to a stronger yen.
→Operating profit is expected to decrease slightly year-on-year.

3,100（ Unit: Million yen ）

3,050
1,200
650
378
1,30006530▲794
FY 2024/3
Operating profit

1Q 2025/3
Operating profit

Operating profit
forecast
for 1H 2025/3

Operating profit
forecast
for FY 2025/3

FY 2024/3
Operating profit

1Q 2025/3
Operating profit

Operating profit
forecastfor 1H 2025/3

Operating profit
forecastfor FY 2025/3

Yokowo Co., Ltd. All rights reserved.

The First Quarter of the Fiscal Year Ending March 31, 2025

Forecast for Operating profit by segment ②<Incubation Center><FC・MD><Prerequisite>
・Stagnation of the sale of POS terminals and other electronic
terminals caused by the global recession is expected to be
recovered with customers’ liquidating excess inventory.
・Demand for minimally invasive medical procedures using cathetersand similar products is expected to grow steadily.
・Both sales and profit are expected to slightly decrease due to therevision of the assumed exchange rate to a stronger yen.
→ Operating profit is expected to increase year-on-year.

（ Unit: Million yen ）<Prerequisite>
・Steady growth in the MaaS/Iot market is expected, reflecting
the advance of mobility solutions and widespread adoption ofIoT.
・The segment which is in the early stages of its development,
generates sales at a small scale and involves up-frontinvestment.
→ Operating loss is expected to be at the same level as theprevious year.

6500▲205300
225▲450117▲800▲8110
FY 2024/3
Operating profit

1Q 2025/3
Operating profit

Operating profit
forecast
for 1H 2025/3

Operating profit
forecast
for FY 2025/3

FY 2024/3
Operating profit

1Q 2025/3
Operating profit

Operating profit
forecast
for 1H 2025/3

Operating profit
forecast
for FY 2025/3

Yokowo Co., Ltd. All rights reserved.

The First Quarter of the Fiscal Year Ending March 31, 2025

Dividends(Unit: Yen per share)
FY2025/3

FY2021/3

FY2022/3

FY2023/3

FY2024/3*Figures inparentheses are
forecast.

Interim

16182522(24)Year-end

20222522(24)Annual36405044(48)

19.5％

19.8％

37.0%

67.8%

（55.9%）

Consolidated
payout ratio

No revisions from the previous dividends’ forecast
Yokowo Co., Ltd. All rights reserved.