Interim report
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Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. February 3, 2026 Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP) Company name: AIPHONE CO., LTD. Listing: Tokyo Stock Exchange / Nagoya Stock Exchange Securities code: 6718 URL: https://www.aiphone.co.jp/ Representative: Tomio Suzuki, President (Representative Director) Executive Officer,General Manager, Inquiries: Kazuya Ito, Deputy Genera l Manager, Administrative Headquarters and Corporate Planning Department Telephone: +81-52-228-8181 Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: None Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025) (1) Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % December 31, 2025 44,202 (4.4) 988 (61.0) 1,125 (56.5) 1,024 (50.1) December 31, 2024 46,227 2.9 2,531 (36.7) 2,587 (42.7) 2,053 (37.3) Note: Comprehensive income For the nine months ended December 31, 2025: ¥3,730 million [24.7%] For the nine months ended December 31, 2024: ¥2,992 million [(41.0)%] Basic earnings per share Diluted earnings per share Nine months ended Yen Yen December 31, 2025 62.59 - December 31, 2024 125.50 - (2) Consolidated financial position Total assets Net assets Equity-to-asset ratio As of Millions of yen Millions of yen % December 31, 2025 80,665 68,368 84.8 March 31, 2025 77,037 66,763 86.7 Reference: Equity As of December 31, 2025: ¥68,368 million As of March 31, 2025: ¥66,763 million 2. Cash dividends Annual dividends per share First quarter-end Second quarte r-end Third quarte r-end Fiscal yea r-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2025 - 50.00 - 80.00 130.00 Fiscal year ending March 31, 2026 - 50.00 - Fiscal year ending March 31, 2026 (Forecast) 80.00 130.00 Note: Revisions to the forecast of cash dividends most recently announced: None 3. Forecast of consolidated financial results for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Fiscal year ending March 31, 2026 62,500 (1.3) 2,800 (26.6) 3,100 (25.5) 2,500 (30.9 ) 152.75 Note: Revisions to the earnings forecasts most recently announced: Yes For details, please refer to the " Notice Concerning Revision of Full-Year Financial Forecast " announced today (February 3, 2026).
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* Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the prepar ation of quarterly consolidated financial statements: Yes (3) Changes in accounting policies, change s in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policie s due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of December 31, 2025 17,640,000 shares As of March 31, 2025 18,220,000 shares (ii) Number of treasury shares at the end of the period As of December 31, 2025 1,273,167 shares As of March 31, 2025 1,853,891 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Nine months ended December 31, 2025 16,366,664 shares Nine months ended December 31, 2024 16,365,793 shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:None * Proper use of earnings foreca sts, and other special matters The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors.
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Quarterly consolidated balance sheet (Millions of yen) As of March 31, 2025 As of December 31, 2025 Assets Current assets Cash and deposits 25,229 24,483 Notes and accounts receivable - trade, and contract assets 10,591 9,048 Electronically recorded monetary claims - operating 2,897 2,917 Securities 299 199 Finished goods 5,449 7,611 Work in process 3,080 3,108 Raw materials 8,036 8,279 Other 829 1,441 Allowance for doubtful accounts (79) (68) Total current assets 56,333 57,021 Non-current assets Property, plant and equipment Buildings and structures 7,054 7,376 Accumulated depreciation (5,213) (5,461) Buildings and structures, net 1,841 1,914 Machinery, equipment and vehicles 3,704 4,100 Accumulated depreciation (2,701) (3,054) Machinery, equipment and vehicles, net 1,002 1,045 Tools, furniture and fixtures 8,647 9,107 Accumulated depreciation (7,992) (8,432) Tools, furniture and fixtures, net 654 675 Land 4,175 4,211 Leased assets 844 958 Accumulated depreciation (426) (611) Leased assets, net 417 347 Construction in progress 139 2,698 Total property, plant and equipment 8,231 10,891 Intangible assets Other 0 0 Total intangible assets 0 0 Investments and other assets Investment securities 9,059 9,659 Deferred tax assets 1,879 1,593 Retirement benefit asset 646 651 Other 888 848 Allowance for doubtful accounts (0) (0) Total investments and other assets 12,472 12,752 Total non-current assets 20,704 23,643 Total assets 77,037 80,665
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(Millions of yen) As of March 31, 2025 As of December 31, 2025 Liabilities Current liabilities Electronically recorded obligations - operating 418 599 Accounts payable - trade 2,186 2,642 Lease liabilities 170 175 Income taxes payable 289 24 Contract liabilities 363 430 Provision for product warranties 162 183 Provision for bonuses - 731 Other 5,273 6,140 Total current liabilities 8,863 10,927 Non-current liabilities Lease liabilities 243 166 Deferred tax liabilities for land revaluation 121 121 Retirement benefit liability 479 573 Other 565 507 Total non-current liabilities 1,410 1,368 Total liabilities 10,274 12,296 Net assets Shareholders' equity Share capital 5,388 5,388 Capital surplus 5,432 5,407 Retained earnings 50,503 48,436 Treasury shares (3,164) (2,173) Total shareholders' equity 58,160 57,059 Accumulated other comprehensive income Valuation difference on available-for-sale securities 3,023 3,808 Revaluation reserve for land (429) (429) Foreign currency translation adjustment 5,471 7,486 Remeasurements of defined benefit plans 537 444 Total accumulated other comprehensive income 8,602 11,309 Total net assets 66,763 68,368 Total liabilities and net assets 77,037 80,665
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Quarterly consolidated statement of income (Millions of yen) Nine months ended December 31, 2024 Nine months ended December 31, 2025 Net sales 46,227 44,202 Cost of sales 26,280 25,713 Gross profit 19,946 18,489 Selling, general and administrative expenses 17,415 17,500 Operating profit 2,531 988 Non-operating income Interest income 78 81 Dividend income 215 229 Rental income from buildings 19 17 Other 53 37 Total non-operating income 366 365 Non-operating expenses Interest expenses 8 6 Foreign exchange losses 291 201 Other 10 19 Total non-operating expenses 310 227 Ordinary profit 2,587 1,125 Extraordinary income Gain on sale of non-current assets 0 10 Gain on sale of investment securities 406 682 Reversal of impairment loss - 14 Total extraordinary income 407 708 Extraordinary losses Loss on sale of non-current assets 0 18 Loss on retirement of non-current assets 4 10 Loss on valuation of investment securities 19 452 Impairment losses 27 6 Total extraordinary losses 50 487 Profit before income taxes 2,943 1,346 Income taxes 889 321 Profit 2,053 1,024 Profit attributable to owners of parent 2,053 1,024
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Quarterly consolidated statement of comprehensive income (Millions of yen) Nine months ended December 31, 2024 Nine months ended December 31, 2025 Profit 2,053 1,024 Other comprehensive income Valuation difference on available-for-sale securities (491) 784 Foreign currency translation adjustment 1,444 2,014 Remeasurements of defined benefit plans, net of tax (14) (93) Total other comprehensive income 938 2,706 Comprehensive income 2,992 3,730 Comprehensive income attributable to Comprehensive income attributable to owners of parent 2,992 3,730
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(Notes on segment information, etc.) Segment Information I. The nine months of the previous fiscal year (April 1, 2024 to December 31, 2024) 1. Information on sales and the amount of profit or loss for each reported segment (Millions of yen) Reportable segments Other (Note) 1 Total Adjustment amount (Note) 2 Quarterly Consolidated Statements of Income (Note)3 Japan North America Europe Thailand Vietnam Total Sales Revenues from external customers 32,828 8,892 3,289 - - 45,009 1,217 46,227 - 46,227 Transactions with other se gments 8,086 41 3 7,883 4,817 20,833 - 20,833 (20,833) - Total 40,914 8,934 3,292 7,883 4,817 65,843 1,217 67,060 (20,833) 46,227 Segment profit (loss) 2,091 (295) (60) 273 261 2,269 30 2,300 231 2,531 Note 1 The "Other" category is a business segment that is not included in the reporting segments and includes the business activities of local subsidiaries in Australia and Singapore. 2 Adjustments for segment profits or losses are due to the elimination of inter-segment transactions. 3 Segment profit or loss is adjusted for operating income in the quarterly consolidated statements of income. 2. Information on impairment losses or goodwill on fixed assets by reporting segment (Significant impairment loss on fixed assets) In the Thailand segment, we recorded an impairment loss of 27 million yen on fixed assets related to business assets. II. The nine months of the current fiscal year (April 1, 2025 to December 31, 2025) 1. Information on sales and the amount of profit or loss for each reported segment (Millions of yen) Reportable segments Other (Note) 1 Total Adjustment amount (Note) 2 Quarterly Consolidated Statements of Income (Note)3 Japan North America Europe Thailand Vietnam Total Sales Revenues from external customers 32,783 7,064 3,105 - - 42,952 1,250 44,202 - 44,202 Transactions with other segments 4,808 201 0 8,459 5,138 18,608 0 18,608 (18,608) - Total 37,591 7,265 3,105 8,459 5,138 61,561 1,250 62,811 (18,608) 44,202 Segment Profit 227 183 6 77 266 761 21 782 205 988 Note 1 The "Other" category is a business segment that is not included in the reporting segments and includes the business activities of local subsidiaries in Australia and Singapore. 2 Segment profit adjustments are due to inter-segment transaction eliminations. 3 Segment profit is adjusted for operating income in the quarterly consolidated statements of income. 2. Information on impairment losses or goodwill on fixed assets by reporting segment (Significant impairment loss on fixed assets) In the Europe segment, we recorded an impairment loss of 6 million yen on fixed assets related to business assets.