Nabtesco Corporation · TSE:6268
Nabtesco — Q1 2026 Earnings Presentation
23 slides from Nabtesco's earnings presentation, Apr 30, 2026
Slide 1: Results Briefing Material for FY2026 Q1
Securities Code：6268 April 30, 2026 The forecast data presented herein reflects assumed results based on conditions that are subject to change. Nabtesco Corporation does not make representations as to, or warrant, in whole or in part, the attainment or realization of any of the forecasted results pr
Slide 2: Preconditions for Today's Briefing
Preconditions for the Today’s Briefing 1. Based on the share transfer agreement relating to the hydraulic equipment business of Nabtesco Corporation, hereinafter “the Company” and its consolidated subsidiaries entered into with Comer Industries S.p.A. on July 31, 2025, the Company consolidated this
Slide 3: Summary of FY2026 Q1
Summary of FY2026 Q1 Q1 result : Increased both in Sales and O.P. on YoY Consolidated Sales : 83.0 billion yen (YoY＋17%) 1 Consolidated O. P. ： 8.2 billion yen (YoY＋68%) ●Major business units for sales increased PRG*（+4.8 bn yen)、Automatic Doors（+4.0 bn yen）、Marine Vessels（+2.2 bn yen） ●Major busine
Slide 4: 2026/12 Q1 Consolidated Results
2026/12 Q1 Consolidated Results ■Sales and each profits increase on YoY. O.P. increased by 3.0 points. 2025/12 2026/12 YoY YoY 2026/12 Progress 2026/12 Progress Varience Varience Full-year Plan H1 Plan (JPY billion) Q1 results Q1 results (amount) (%) as of Feb. 12 as of Feb. 12 (A) (B) (B-A) (B/A-1)
Slide 5: Analysis for Sales and O.P. Results - 2026/12 Q1
Analysis for Sales and O.P. Results -2026/12 Q1 - Sales ■In addition to the sales increased for precision reduction gears due to demand 85.0 Billion yen recovery, steady demand for TRS and ACB continuously 0.2 4.0 3.0 Packaging +0.2 FOREX +2.1 75.0 4.8 83.0 Railroad - 0.4 Aircraft +0.3 Marine +2.2 7
Slide 6: 2026/12 Q1 Consolidated Results by Segment
2026/12 Q1 Consolidated Results by Segment 2025/12 2026/12 YoY YoY 2026/12 Progress 2026/12 Progress Full-year Plan H1 Plan (JPY billion) Q1 Results Q1 Results Varience Varience (%) as of Feb. 12 as of Feb. 12 (A) (B) (B-A） (B/A-1） (C) (B/C） (D) (B/D） Sales 17.4 22.3 4.8 28% 88.6 25% 41.8 53% Compon
Slide 7: Result in CMP - 2026/12 Q1
Result in CMP – 2026/12 Q1 - ▍Segmet Results（YoY） YoY Sales increased Business Result O.P. increased Precision 【For Robotics】Capital expenditure demand recovered in Chinese and Korean automobile manufacturers Reduction Gears 【For non-Robotic】Demand recovery in machines tools and SPEs Sales (billion
Slide 8: Order Trend and Production Capacity for PRG
Order Trend and Production Capacity for PRG ■2026 Q1 order decreased on QoQ due to a pullback following last-minute demand in 2025/Q4 Order trend in Precision Reduction Gears Production capacity and Utilization Ratio 500 ■Production capacity 2024/3Q onward 450 90 400 170 1,150 Tsu Plant (Japan) 350
Slide 9: TRS Results - 2026/12 Q1
TRS Results - 2026/12 Q1 - ▍Segmet Results（YoY） Sales increased YoY O.P. increased Business Result Sales decreased due to the decrease of Chinese high-speed MRO Railroad Vehicle business although increase of Chinese subway business Sales (billion yen) Aircraft Sales increased due to the increase of
Slide 10: ACB Results - 2026/12 Q1
ACB Results - 2026/12 Q1 - Sales increased ▍Segmet Results（YoY） YoY O.P. increased Business Result 【Japan】New building doors experienced a slight decrease due Automatic to being in transitional period Sales (billion yen) door 【Oversea】Demand recovery in Europe and North America 【Japan】Sales increase
Slide 11: MFR Results - 2026/12 Q1
MFR Results - 2026/12 Q1 - Sales increased ▍Segmet Results（YoY） YoY O.P. slightly decreased Business Result Sales increased due to equipment renewal demand and Sales (billion yen) Packing production increase demand at Japanese food manufacturers Machine Oversea sales decreased due to the weak demand
Slide 12: Balance sheet - as of the end of 2026/12 Q1
Balance sheet - as of the end of 2026/12 Q1 ■Hydraulic equipment business related asset decreased due to the transfer of Comtesco’s shares End of FY2025/12 End of FY2026/12 (JPY billion) Variance As of Dec. 31, 2025 As of March 31, 2026 Assets 464.0 444.6 -19.4 （Cash and cash equivalents） 73.3 80.6
Slide 13: Revision of FY2026 H1 and Full-year Forecast
Revision of FY2026 H1 and Full-year Forecast ■The Company revised the plan for “Profit before tax” and “Net income attributable to owners of the parents” due to the fluctuation of profit in affiliates 2026/12 2026/12 2026/12 2026/12 H1 Plan H1 Plan Full-year plan Full-year Plan (JPY billion) Varienc
Slide 14: Appendix
Appendix © Nabtesco Nabtesco
Slide 15: CAPEX, R&D and Depreciation
CAPEX, R&D and Depreciation ■CAPEX used in renewal of production equipment's and facilities mainly 2025/12 2026/12 YoY 2026/12 2026/12 (JPY billion) Q1 Results Q1 Results Full-year Plan Full-year Plan (B-A) (A) (B) Progress CAPEX 3.5 2.0 -1.5 12.5 16% R&D 2.6 3.0 0.4 12.7 24% Depreciation 4.0 4.4 0.
Slide 16: Sales by Geographic Segment
Sales by Geographic Segment 2025/12 Q1 Results 2026/12 Q1 Results Others 0.6% Others 1.2% (0.4 billion yen) (1.0 billion yen) Europe 20.2% Europe 20.5% (14.4 billion yen) (17.0 billion yen) North America 8.3% 71.0 North America 7.6% (6.3 billion yen) 83.0 Japan 51.9% (5.9 billion yen) JPY billion Ja
Slide 17: FOREX
FOREX ■Exchange rate (Unit: yen) 2025/12 2026/12 2026 Q1 Results Q1 Results Plan USD 151.21 156.45 145.00 RMB 20.99 22.57 20.50 EUR 159.35 183.53 170.00 CHF 168.68 200.63 185.00 ■Exchange rate sensitivity (amount of impact when the exchange rate fluctuates by 1 yen) 2026/12 2026/12 (Unit: million ye
Slide 18: Component Solutions Segment (CMP) Transport Solutions Segment (TRS)
Component Solutions Segment (CMP) 138.1 140.6 138.1 Sales (billion yen) 119.3 113.8 109.9 107.2 Precision 88.6 Reduction Gears 82.4 77.5 89.7 79.3 91.6 65.8 55.8 67.6 Hydraulic 72.6 54.9 Equipment 53.0 Others 78.6 88.2 60.6 66.9 53.4 52.2 54.0 51.0 46.5 27.5 41.3 2.0 0.7 0.7 0.4 2016/12 2017/12 2018
Slide 19: Accessibility Solutions Segment (ACB) Manufacturing Solutions Segment (MFR)
Accessibility Solutions Segment (ACB) 106.8 110.7 110.8 Sales (billion yen) 96.3 76.0 80.0 78.6 72.4 73.7 75.1 64.6 Automatic 106.8 110.7 110.8 96.3 Doors 72.4 76.0 80.0 73.7 75.1 78.6 64.6 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12 2022/12 2023/12 2024/12 2025/12 2026/12 Result Result Result R
Slide 20: Main Products: Component Solutions Segment (CMP)
Main Products: Component Solutions Segment (CMP) The market share is estimated by Nabtesco Precision Reduction Gears 17 Strategic Sectors ■Joints of Medium and Large Size Industrial No.1 Others Nabtesco Robots 60％ Approx. 60％ world market share Example of non robotics usage Machine Tools Welding Sem
Slide 21: Main Products: Transport Solutions Segment (TRS)
Main Products: Transport Solutions Segment (TRS) The market share is estimated by Nabtesco Railroad Vehicle Equipment Others No.1 Approx. 50％ Domestic Market Share Brake Systems Nabtesco 50％ ■Door Operating Systems Others No.1 Nabtesco 60％ Approx. 60％ Domestic Market Share Aircraft Equipment 17 Str
Slide 22: Main Products: Transport Solutions Segment (TRS)
Main Products: Transport Solutions Segment (TRS) The market share is estimated by Nabtesco Marine Vessel Equipment 17 Strategic Sectors Others ■2ST Main Engine Control Systems Approx. 45％ Domestic Market Share Nabtesco 45％ (Approx. 40％ World Market Share) Commercial Vehicle Equipment Others ■ Wedge
Slide 23: Main Products: Accessibility and Manufacturing Solutions Segments
Main Products: Accessibility Solutions Segment (ACB) The market share is estimated by Nabtesco Automatic Doors ■Automatic Doors Others No.1 Nabtesco Approx. 60％ 60％ market share for building automatic doors in Japan (top share in the world) Main Customers Automatic Doors for buildings: Major general