Nec Corporation · TSE:6701

Nec — Nec Corp Unsp/Adr New — Q3 2026 Earnings Presentation

27 slides from Nec's earnings presentation, Jan 29, 2026

1. Slide 1: Financial Results for Q3, Fiscal Year Ending March 31, 2026

   6701.T Financial Results for Q3 Fiscal Year Ending March 31, 2026 January 29, 2026 NEC Corporation (https://www.nec.com/en/global/ir/)

2. Slide 2: Index

   Index I. Financial Results for Q3, FY26/3 II. Financial Forecasts for FY26/3 III. Topics IV. Financial Results (Appendix) V. Historical Data (Appendix) * Net profit refers to net profit attributable to owners of the parent for the same period. © NEC Corporation 2026 2

3. Slide 3: Key Takeaways for Financial Results for 9 Months, FY26/3

   Key Takeaways for Financial Results for 9 Months, FY26/3 ・Domestic IT and ANS (Aerospace / Defense) continued to perform strongly ・Telecom Services recorded expenses in Q3 for future profit structure improvement Revenue 2,422.3 bil yen Non-GAAP OP 209.9 bil yen <YoY> +4.3% <YoY> +47.5 bil yen FY26/3

4. Slide 4: I. Financial Results for Q3, FY26/3

   I. Financial Results for Q3, FY26/3 © NEC Corporation 2026 4

5. Slide 5: Summary of Financial Results for 9 Months, FY26/3

   9 Months Results Summary of Financial Results for 9 Months, FY26/3 Despite recording 18.0 billion yen in expenses in Q3 for future profit structure improvement, the 9 months results show progress exceeding expectations against the annual forecast 1H Q3 9 months FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 FY2

6. Slide 6: YoY Change in Adjusted/Non-GAAP Operating Profit

   9 Months Results YoY Change in Adjusted/Non-GAAP Operating Profit Improved marginal profit, （ Billions of Yen ） profitability change, etc. +47.5 +64.8 -6.9 -10.3 -3.9 Social Infrastructure Others Non-GAAP Adjusted 12.1 FY25/3 IP-related Increase in DX investment, Items gains -21.0 IT Services etc. S

7. Slide 7: Financial Results for 9 Months, FY26/3 (By Segment)

   9 Months Results Financial Results for 9 Months, FY26/3 (By Segment) 1H Q3 9 months FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 FY26/3 (Billions of Yen) YoY YoY YoY Results Results Results Results Results Results Revenue 1,080.1 1,108.3 +2.6% 586.7 603.4 +2.9% 1,666.7 1,711.7 +2.7% IT Services Adj. OP 56.2 1

8. Slide 8: IT Services

   9 Months Results IT Services Domestic: • Revenue increase led by the Public business (+8% excluding impact of discontinued operations) • OP increased significantly due to profitability improvements from NEC BluStellar, subsidiary structural reforms, and increased revenue International (DGDF)*: * Dig

9. Slide 9: Domestic IT Services

   9 Months Results Domestic IT Services NEC BluStellar: NEC BluStellar Scenario business expanded steadily ・Data-driven and modernization areas maintained strong performance, with NEC BluStellar Scenario implementation, particularly focused on manufacturing and financial industries Base Business : Pro

10. Slide 10: Domestic IT Services Booking Status (YoY)

    9 Months Results Domestic IT Services Booking Status (YoY) Demand remained robust (+4% excluding impact of one-off factors*) Q1 FY25/3 Q2 FY25/3 Q3 FY25/3 Q4 FY25/3 Q1 FY26/3 Q2 FY26/3 Q3 FY26/3 Notes Domestic IT Services +12% +19% +8% +4% -3% -5% -1% Decrease due to completion of municipal Public +

11. Slide 11: Social Infrastructure

    9 Months Results Social Infrastructure Telecom Services: Profit decreased due to the elimination of the prior year's one-off gains and the recording of expenses for future profit structure improvement ANS* : Profit increased due to strong performance in Aerospace / Defense, in addition to the elimin

12. Slide 12: Reorganization and Dissolution of Telecom Services Business Unit

    9 Months Results Reorganization and Dissolution of Telecom Services Business Unit Decided to terminate conventional business for base stations*, recorded 18.0 billion yen in structural reform expenses in Q3 YoY Change Factors of Adj. OP • Focus on vRAN-related businesses (including RU**) (Billions o

13. Slide 13: II. Financial Forecasts for FY26/3

    II. Financial Forecasts for FY26/3 © NEC Corporation 2026 13

14. Slide 14: FY26/3 Financial Forecasts

    FY26/3 Forecasts FY26/3 Financial Forecasts Forecasts revised upward due to steady progress FY26/3 FY26/3 FY24/3 FY25/3 （Billions of Yen） Forecasts Changes Forecasts Results Results as of Oct. 29 as of Jan. 29 Revenue 3,477.3 3,423.4 3,420.0 +140.0 3,560.0 Adjusted Operating Profit 223.6 287.2 330.0

15. Slide 15: Financial Forecasts (By Segment)

    FY26/3 Forecasts Financial Forecasts (By Segment) FY26/3 FY26/3 FY24/3 FY25/3 Forecasts Changes Forecasts （Billions of Yen） Results Results as of Oct. 29 as of Jan. 29 Revenue 2,267.8 2,459.8 2,400.0 +70.0 2,470.0 IT Services Adjusted Operating Profit 185.7 251.8 321.0 +10.0 331.0 % of revenue 8.2%

16. Slide 16: Financial Forecast Breakdown (By Segment)

    FY26/3 Forecasts Financial Forecast Breakdown (By Segment) FY26/3 FY26/3 FY24/3 FY25/3 （Billions of Yen） Forecasts Changes Forecasts Results Results as of Oct. 29 as of Jan. 29 Revenue 1,966.3 2,135.8 2,080.0 +70.0 2,150.0 Domestic IT Adjusted Operating Profit 166.7 232.5 283.0 +10.0 293.0 % of reve

17. Slide 17: III. Topics

    III. Topics © NEC Corporation 2026 17

18. Slide 18: NEC BluStellar Topics: Accelerating value expansion through security and AI

    NEC BluStellar Topics Accelerating value expansion through security and AI Strengthening Security Business against Rising Cyber Threats Expanding end-to-end comprehensive support services centered on CyIOC* to strengthen "Economic Security" and "Business Continuity including Supply Chains” * An inte

19. Slide 19: NEC - Orchestrating a brighter world

    NEC \ Orchestrating a brighter world

20. Slide 20: IV. Financial Results (Appendix)

    IV. Financial Results (Appendix) © NEC Corporation 2026 20

21. Slide 21: Non-GAAP Operating Profit Adjustment Items

    9 Months Results Non-GAAP Operating Profit Adjustment Items 1H Q3 9 months (Billions of Yen) FY25/3 FY26/3 YoY FY25/3 FY26/3 YoY FY25/3 FY26/3 YoY Results Results Results Results Results Results Operating Profit 44.7 118.6 +73.9 81.5 66.6 - 14.9 126.2 185.2 +59.0 M&A Related Amortization of Adjusted

22. Slide 22: Non-GAAP Net Profit Adjustment Items

    9 Months Results Non-GAAP Net Profit Adjustment Items 1H Q3 9 months (Billions of Yen) FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 FY26/3 YoY YoY YoY Results Results Results Results Results Results Net Profit 13.5 72.8 +59.4 58.1 69.4 +11.4 71.6 142.3 +70.7 M&A Related Amortization of 11.8 8.6 - 3.2 5.6 5.2

23. Slide 23: Financial Position Data

    9 Months Results Financial Position Data 9 months As of As of Change from (Billions of Yen) March 31, Dec. 31, March 31, 2025 2025 2025 Total Assets 4,315.4 4,107.3 - 208.1 Total Equity 2,071.5 2,151.5 +80.0 Interest-bearing Debt 666.4 513.4 - 153.0 Equity Attributable to Owners of the Parent 1,952.

24. Slide 24: V. Historical Data (Appendix)

    V. Historical Data (Appendix) © NEC Corporation 2026 24

25. Slide 25: Revenue Breakdown

    Revenue Breakdown FY24/3 FY25/3 FY26/3 Results Results Results (Billions of Yen) Q1 1H Q3 2H Full Year Q1 1H Q3 2H Full Year Q1 1H Q3 Public 105.3 254.3 143.6 388.5 642.9 109.5 261.6 158.4 449.4 711.1 128.7 304.9 184.6 Enterprise 132.1 269.6 140.7 305.3 574.9 143.8 294.6 145.4 306.3 600.9 141.4 286.

26. Slide 26: Adjusted OP Breakdown

    Adjusted OP Breakdown FY24/3 FY25/3 FY26/3 Results Results Results (Billions of Yen) Q1 1H Q3 2H Full Year Q1 1H Q3 2H Full Year Q1 1H Q3 Domestic Adjusted Operating Profit 6.6 40.2 40.6 126.5 166.7 7.5 49.0 58.6 183.5 232.5 30.1 100.9 69.6 % of revenue 1.7% 4.7% 8.6% 11.4% 8.5% 1.8% 5.3% 11.5% 15.1

27. Slide 27: Cautionary Statement with Respect to Forward-Looking Statements

    Cautionary Statement with Respect to Forward-Looking Statements This material contains Forward-Looking Statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the NEC Group (the “Forward-Looking Sta

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