Press Release

EIZO Announces Mid-Term Business Plan:
Visual Technology Evolution
Innovating Imaging Value That Only EIZO Can

Hakusan, Japan, May 9, 2024 - EIZO Corporation (TSE: 6737) announces the completion andofficial release of EIZO’s 8th Mid-Term Business Plan, covering FY2024 through FY2026 as follows:

1. Mid-Term Business Plan Principles
Since our foundation in 1968, we have been continuously advancing our unique business modelwith “Imaging” at the core. Moving forward as a “Visual Technology Company”, we will continue toaccelerate this evolution, aiming to contribute to the realization of a prosperous future society while
enhancing our corporate value.

In implementing our 8th Mid-Term Management Plan, we will expand our business domains byproviding customers with products and services that deliver the Imaging Value that only EIZO canachieve. We will also broaden our business scope by dynamically addressing evolving societal
challenges. Building on our unique visual technology, we will strengthen our proposition while
accelerating the expansion of EVS (EIZO Visual Systems), which laid the foundation for our businessoutlined in the previous Mid-Term Business Plan. In this way we will further develop our businessin key markets such as Healthcare and V&S (Vertical & Specific). Furthermore, we will expand ourregional strategy from Europe, North America, and China to include the fast-growing markets ofIndia and the Middle East. Through these initiatives, we will continue to develop and strengthen theoverall EIZO business model.
2. Performance Targets
In FY2026, we aim to achieve Consolidated Net Sales of JPY100 billion, Operating Profit of JPY12
billion, an Operating Income Margin of 12%, and an ROE of 8%.

3. Financial Strategy
We will advance a balanced financial strategy of maintaining financial soundness, enhancing ourbusiness model through investments, and strengthening shareholder returns.

4. Shareholder Return Policy
Our key management objective is to achieve sustainable growth through business expansion andperformance improvement, while maintaining financial soundness and providing returns toshareholders. As of FY2023, we have strengthened our shareholder returns by setting a target level
for the shareholder return ratio at 70% of current net income (previously 40-50%). We plan tocontinue the trend of increasing dividends for the 11th consecutive term as of FY2023.

During the period of the 8th Mid-Term Business Plan (FY2024 - FY2026), we will continue tostrengthen shareholder returns. The target level for the rate of return will be set at 70% or more of
consolidated current net income and we will flexibly determine the rate of return depending on
performance, the business environment, and funding requirements for growth investments.

Press Release

Note: Any statements in this document, other than those of historical fact, are forward-looking
statements about the future performance of EIZO and its group companies, that are based on
management’s assumptions and beliefs in light of currently available information and involve actualor potential risks and uncertainties, including impact of foreign exchange rates and risks relating to
supply and demand. Actual results may differ materially from these forward-looking statements.

Please refer to the attached materials for further details of the mid-term business plan.

About EIZO
EIZO (TSE:6737), which means image in Japanese, is a visual technology company that develops andmanufactures high-end visual solutions to enrich people in their professional and personal lives.
EIZO offers total imaging solutions with a range of monitors, software, video capture, processing,and distribution solutions, cameras, and advanced integrated technologies, to meet the specialized
needs of customers in business, creative fields, healthcare, air traffic control, maritime, security &surveillance, defense and more. Headquartered in Hakusan, Japan, EIZO has R&D andmanufacturing facilities in Japan, China, Germany, and the United States, and representation in morethan 130 countries.
EIZO and the EIZO Logo are registered trademarks of EIZO Corporation in Japan and other countries. All othercompany names, product names, and logos are trademarks or registered trademarks of their respective owners.

th8 Mid-Term Business Plan
FY2024 ~ FY2026
May 9, 2024
TSE Code: 6737

8th Mid-Term Business Plan

Visual Technology Evolution
Innovating Imaging Value That Only EIZO Can

1© 2024 EIZO Corporation. All Rights Reserved.

Dynamic Business Model
2030 Cybersecurity
5G Generative AI
Workforce Decline
Infrastructure
Renewal2020

Addressing Climate
ChangeGlobalization &Visual Technology Company
Establishing a Profitable Foundation Despite AMU Decline

AMU Market Decline

2010
Networking Acceleration

Expansion of Vertical Markets
Monitor Specialist

Digitalization Progress

Monitor & Amusement Synergies

2000

Establishing Business & Financial Bases

EIZO Business Development

Market Trends
2© 2024 EIZO Corporation. All Rights Reserved.

Dynamic Business Model
2030

2020

Middle East
India

EVS
DefenseMaritime

Europe2000

Security & Surveillance

China

2010

Air Traffic Control

Direct Sales
Development

Switzerland

Creative Work
Healthcare

Business Category
Development

North America3© 2024 EIZO Corporation. All Rights Reserved.

Dynamic Business Model
Amidst the shrinking AMU market, EIZO maximizes its resources toexpand into vertical growing markets based on B&P, thereby
broadening and strengthening its revenue foundation.
(JPY Billion)

100.0

95.606F

AMU
JYP51.1B / 53％

B&P/HC/CW/V&S
JPY39.3B / 41％

26F Plan

23F

AMU
JPY6.6B / 8％

AMU
JPY6.3B / 6％

B&P/HC/CW/V&S
JPY89.2B / 89％

B&P/HC/CW/V&S
JPY68.0B / 85％

100.0

14.0%

6.3

90.0

80.4

12.0%

80.0
6.6

70.0
60.0

51.1

68.0

89.2

10.0%
8.0%

50.0

6.0%

40.0
30.0
20.0

4.0%

EIZO Dynamic Capability

39.3

10.0

0.0

2.0%0.0%
06F

07F

08F

09F

10F

11F

B&P

12F

13F

HCCW

14F

15F

V&S

16F

AMU
417F

OTH

18F

19F

20F

21F

22F

23F

26F
Plan

Operating Margin© 2024 EIZO Corporation. All Rights Reserved.

Target Vision
Maximize Imaging Value
Resolve Social Issues
Expand Business Domains© 2024 EIZO Corporation. All Rights Reserved.

R&D: Pursuing World’s #1 “Imaging”◼ Lead the Market with ‘Highest-Quality’, “Highest-Reliability”◼ In-House R&D for the Imaging Chain of Capture, Transmission, Recording, and Display◼ Fusing Hardware & Software for Maximizing Imaging Value◼ Enhancing Convenient & Easy Image Utilization◼ Strengthen Product & Service through Global & Localization Structure◼ Deploy Core Technologies Across Japan,Europe, North America & China◼ Leverage Development and Semi-Customization Strengthsof Group Companies

6© 2024 EIZO Corporation. All Rights Reserved.

Production Advancement◼ Automation as Labor Shortage Solution◼ Leverage Integrated Production & R&D to Achieve Sustainable Production in Japan◼ Increase Flexibility in Semi-Customization and Small Batch Production◼ Introduction of New Manufacturing Execution System◼ Optimize EIZO Group’s Production Structure◼ Align with R&D Structure◼ Expand Production for the Chinese Market in China7© 2024 EIZO Corporation. All Rights Reserved.

Increase Competitiveness& Expand Business Domains With EVS◼ EIZO Visual Systems (EVS)◼ Combining Hardware & Software to Maximize Imaging Value◼ Convenient & Easy Image Utilization Through Fusing Hardware & Software◼ Delivering Imaging Chain that Addresses Societal Challenges

Image Utilization

CaptureEncoding

RecordingDistribution

8

Decoding

Display© 2024 EIZO Corporation. All Rights Reserved.

EVS: Case Study (1)Remote Control Solution forConstruction Machinery

Supporting Improvement ina Working EnvironmentMore info:Press Release “EIZO Collaborates with Hitachi Construction Machinery to Realize Remote Control Solution for Construction Machinery Using 3D Imaging”

9© 2024 EIZO Corporation. All Rights Reserved.

EVS: Case Study (2)Image Diagnosis ofInfrastructure for MaintenanceSupporting Measures toAddress Labor Shortage
Image
Processing

Image Enhancement Software

10© 2024 EIZO Corporation. All Rights Reserved.

EVS Case Study (3)Supporting Medical Safety &Team-Based Healthcare

Surgical Field Imaging
Recording SystemViewing, Management &Editing Application
Surgical Field
CameraSurgery / Endoscopy Monitor

Medical Imaging Recorder11© 2024 EIZO Corporation. All Rights Reserved.

Global Expansion◼ In Addition to Europe, USA, & China, EIZO Established 100% Sales
Companies, EIZO India & EIZO Middle East, with Sales Targets ofJPY5B Each by 2030

EIZO Private Limited
EIZO Middle East Ltd.

12

© 2024 EIZO Corporation. All Rights Reserved.

Strengthening Efforts in Target Markets◼ Bolster Group Synergy by Leveraging Local Strength to Drive Growthin HC & V&S
ATC
EIZO Technologies
GmbHEIZO GmbHOperating Rooms
EIZO
Corporation
EIZO Rugged
Solutions Inc.

Carina SystemsDefense13© 2024 EIZO Corporation. All Rights Reserved.

26F Financial Targets
23F (Actual)

26F (Plan)

Other

AMU

6.6
V&S

Net Sales
CW

10.0

5.7

OtherAMU

B&P

6.3

15.4

4.5
20.0

B&P

V&S 14.2

JPY80.4B

5.8

CW

36.6

HC

7.5

JPY100.0B
47.5

HC

Operating Profit /Op. Profit Margin

JPY3.9B / 4.9％

JPY12.0B / 12.0％

ROE

4.4％

8.0％
14© 2024 EIZO Corporation. All Rights Reserved.

Sustainability
Contributing to a Sustainable Society
by Innovating Imaging Value
That Only EIZO Can
KPIContributing to a Prosperous Society Through ‘Imaging'

Broadminded Corporate Culture
Scope 1+2 Decrease (vs. 19F)
30F: 70.0％ ↓26F: 61.5% ↓24F: 58.0% ↓Scope 3 Decrease (vs. 19F)
30F: 27.5% ↓26F: 17.5% ↓24F: 12.5% ↓Respond to Climate ChangeKPIOpen & Fair GovernanceSupporting a Recycling-Oriented Society
Supply Chain Management Human Rights & Diversity

Materiality

Product Plastic Recycle Rate:
30F: 70%
26F: 45%
24F: 20%
Mitigating Value Chain
Human Rights Risks
24F – 30F

Code of Conduct
Corporate Philosophy
15More about KPIs and Targets | EIZO Website© 2024 EIZO Corporation. All Rights Reserved.

Transition to Net Zero (Scope 1+2)
Net Zero Pathway as Defined by the Paris Agreement
Actual GHG Emissions through FY2022⚫ Improvement of Renewable Energy Adoption⚫ Increased Use of Solar Power Generation⚫ Electrification of Air Conditioning& Other Heat Sources

16© 2024 EIZO Corporation. All Rights Reserved.

Human Capital◼ As a Leader of Visual Technology, Invest in Human Resources
Acquisition & Development◼ Maximize Human Capital Value to Deliver EIZO’s Unique ValueKPI
Strengthen / Deepen EIZO MindsetThrive

ALL Employees Thriving With
Responsibility & PrideEngagement Score
3.0 out of 4.0 Points

Nurture

Cultivating Employees Who Deploy
World-Class Expertise in Visual Technology GloballyTalent Development
Cost / Hours
JPY80,000 / 60 Hours⚫ Specialized Tech Training, Joint Industry-Academia Projects, Academic Conference⚫ International Mutual Internships, Collaboration with Group Companies

SecureDiverse HiringPractices

Retention & Utilizationof Internal Talent⚫ Hiring Expert Talent⚫ Hiring Diverse Individuals⚫ OJT and Career-Building Opportunities⚫ Job Rotation Utilizing Integrated R&Dand Production

A Culture Where Individuals Can Freely & Creatively Thrive
17

New Graduate TurnoverRate (Within 3 Years)
Less than 5.0%

* Scope: Group Companies in Japan© 2024 EIZO Corporation. All Rights Reserved.

Financial Strategy◼ Toward Achieving an 8% ROEBusiness Strategy

EPS GrowthFinancial Strategy

Net Asset Control⚫ Maintain Financial Foundation … Preserve Financial Soundness⚫ Invest in Strengthened Business Model: JPY25B … Accumulate Growth Investments⚫ Continue to Strengthen Shareholder Returns … Total Return Rate 70% or More18© 2024 EIZO Corporation. All Rights Reserved.

Cash Allocation (24F - 26F)
◼ Investment for Medium-Term Corporate Value Growth &Shareholder Returns
INOUT(JPYB)

Assets Owned

10 - 20
Interest-Bearing Liabilities

10 - 20

Strengthen the Business Model

20 - 25
Ordinary CAPEX

Operating C/F⚫ M&A Investments⚫ Investments in Exploring
Strategic Markets⚫ R&D Investments⚫ Investments in Automation⚫ Sustainability Investments⚫ Talent Development

1030
Shareholder Returns

15 or More
19

Shareholders Return Ratio:
70% or More
© 2024 EIZO Corporation. All Rights Reserved.

Shareholder Returns●Shareholder Return Policy• Our key management objective is to achieve sustainable growth through business expansion and performance improvement, while maintaining financial
soundness and providing returns to shareholders. As of 23F, we have strengthened our shareholder returns by setting a target level for the shareholder return
ratio at 70% of current net income (previously 40 - 50%). We plan to continue the trend of increasing dividends for the 11th consecutive term as of 23F.
• During the period of the 8th Mid-Term Business Plan (24F – 26F), we will continue to strengthen shareholder returns. The target level for the rate of return will
be set at 70% or more of consolidated current net income and we will flexibly determine the rate of return depending on performance, the businessenvironment, and funding requirements for growth investments.

(JPY / Share)
Interim Dividend

250

Year-end Dividend
200

210

200
150
100
50
7.5
7.5

30
20
1002F

03F

11.3%

Shareholder
Return11.3%
Ratio

150Dividend
Payout
Ratio

40
25
15

55
30

70

40

80
40

70
30

40

40

07F

08F

60

70

80

90

100
50

110

115

120

125

55

60

60

65

60

100

105

100

105

50

50

50

50

55

25252525

25
25

25
25

30

30

35

2530

35

40

45

50

55

55

60

09F

10F

11F

12F

13F

14F

15F

16F

17F

18F

19F

20F

21F

22F

23FPlan

24FPlan

67.5%

4045253004F

05F

06F

9.5%

14.4%

17.5%

20.6%

41.0% 229.7% 22.6%

31.5%

66.7%

21.6%

38.5%

35.5%

30.1%

26.9%

49.5%

50.2%

39.8%

32.8%

44.5%

75.4%

86.4%

9.5%

14.4%

17.5%

20.6%

41.0% 375.2% 22.6%

31.5% 168.0% 66.7%

21.6%

38.5%

35.5%

30.1%

26.9%

49.5%

50.2%

39.8%

32.8%

92.2%

75.4%

86.4%

Note: The return rate (total return ratio) as of 22F includes the amount of JPY2.8B for the repurchase of treasury stock20© 2024 EIZO Corporation. All Rights Reserved.

Disclaimer Regarding Forward-Looking Statements
Any statements in this document, other than those of historical fact, are forward-looking statements about the future performance ofEIZO and its group companies, which are based on management’s assumptions and beliefs in light of information currently available,and involve apparent or potential risks and uncertainties including forex impact, and risks related to supply and demand. Actual results
may differ materially from these forecasts.
Note: “23F” appearing in this presentation means “Fiscal year 2023”, that is Fiscal year ended March 31, 2024.

Details of the Market Group
Market Group

Market / UseBusiness & Plus (B&P)

Financial Institutions, Public Authorities, Educational Facilities, CAD, Commercial Facilities,
Business and Home Use

Healthcare (HC)Diagnosis / Medical Examination, Medical Treatment / Operation, Healthcare-IT

Creative Work (CW)Media & Entertainment, 3D Computer Graphics, Photo Editing, Illustration, Design, Publication / Printing

Vertical & Specific (V&S)

For Various Mission Critical Environments, Infrastructure and Industrial Equipment,
Air Traffic Control (ATC), Maritime, Security & Surveillance (S&S), Defense, Other Industrial Fields (includingTouch Panel Applications)

Amusement (AMU)

LCD-Mounted Pachinko and Slot Machines

Other (OTH)

Maintenance Services and Commissioned Development of Software

21© 2024 EIZO Corporation. All Rights Reserved.

Visit us online

www.eizoglobal.com

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