Tsubaki Nakashima Co., Ltd · TSE:6464

Tsubaki Nakashima — Q1 FY2026 Earnings Presentation

23 slides from Tsubaki Nakashima's earnings presentation, May 13, 2026

  1. Slide 1: FY2026 Q1 Results Presentation

    FY2026 Q1 Results Presentation (Including Progress of Mid-Term Business Plan 2025-2029) Tsubaki Nakashima Co., Ltd. （Prime Market of TSE 6464） May 13, 2026

  2. Slide 2: Disclaimer

    Disclaimer This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof, and Tsubaki Nakashima does not guarantee that this information is accurate or complete. Subsequent developments may affect the information contained in this presentation, w

  3. Slide 3: Table of contents

    1. FY2026 Q1 Results Table of contents 2. Progress on the Mid-Term Business Plan 2025-2029 3. Sustainability Copyright © 2026 Tsubaki Nakashima Co, Ltd. All rights reserved. 2

  4. Slide 4: Key Takeaways on Financial Results and Business Operations

    Key Takeaways on Financial Results and Business Operations Highlight Q1 OP improved significantly due to the U.S. land sales, which is part of structural reform. In the meantime, business profitability remains low. Operating profit was positively impacted by ¥1.0 billion gains from the idle land sal

  5. Slide 5: FY2026 Q1 YoY

    3 6 FY2026 Q1 YoY 3 months months months Highlight Revenue decreased by 9.5% YoY (excluding foreign exchange impact). Without land sales (one-time profit of ¥1 billion), operating profit decreased compared to last year. ‒ The impact of U.S. tariffs resulted in a direct impact of approximately ¥0.02

  6. Slide 6: FY2026 Q1 Segment and Regional Revenue (YoY/QoQ)

    FY2026 Q1 Segment and Regional Revenue (YoY/QoQ) 3 months Highlight Precision components increased 3.8% QoQ (including FOREX impact) ‒ Regional revenue showed QoQ growth helped by foreign exchange effect in North America, Europe, and Asia (excluding China). FY2025 Q1 FY2025 Q4 FY2026 Q1 (Jan-Mar) Yo

  7. Slide 7: BS/CF

    BS/CF Highlight Inventory reduction and back-loaded CAPEX maintained free cash flow positive. Inventories Cash Conversion Cycle Capital Expenditures Free Cash Flow (¥ billion) (Days) (¥ billion) (¥ billion) Declining trend continues from FY2025 FY2026 CAPEX of approximately 4.5 Declined from previou

  8. Slide 8: Cash Flow and Operating Profit

    Cash Flow and Operating Profit Highlight Maintained positive free cash flow. FY2022 FY2023 FY2024 FY2025 FY2026 Full Year Full Year Full Year Full Year 1Q (¥ billion) Operating Cash Flow - 4.14 1.41 4.87 10.52 -0.63 Investing CF - 3.50 - 4.90 - 3.80 1.12 0.78 Financing CF - 1.76 1.39 - 1.91 - 1.30 -

  9. Slide 9: Growth Segment (FY2026 Q1 Sales Results)

    Growth Segment (FY2026 Q1 Sales Results) Highlight All four segments performing steadily. Aerospace & Defense will pick up in latter half. ‒ Growth segments in the Mid-Term Business Plan are Indian market, Aerospace & Defense, Ceramic Balls, and Engineered Plastic Components (EPC) Indian Market Aero

  10. Slide 10: Trends of Ceramic Ball Sales by Applications

    For Reference Trends of Ceramic Ball Sales by Applications Highlight Ceramic balls for machine tool spindles and general industry are proceeding steadily for FY26 Q1. (\ billion) ■EV ■Machine tool spindle ■General industry ■Semiconductor ■Others Annual Quarterly 9.03 2.66 2.54 2.56 2.50 2.46 2.42 2.

  11. Slide 11: FY2026 Q1 Operating Profit Variation Factors (YoY)

    FY2026 Q1 Operating Profit Variation Factors (YoY) Highlight Excluding ¥1.0 billion one-time gain from land sales, operating profit was ¥0.09 billion. (\ billion) Market Conditions and Other -0.46 Cost Improvement +0.60 Personnel expenses -0.44 Cost reduction through procurement optimization +0.28 E

  12. Slide 12: FY2026 Full-Year Guidance

    FY2026 Full-Year Guidance Highlight Unchanged from February 13, 2026 announcement. FY2026 Full-Year Guidance Change amount Change ratio Full Year Forecast % of sales (¥ billion) vs FY2025 vs FY2025 (%) Revenue 70.00 100.0 0.16 0.2 Operating Profit 2.50 3.6 24.84 ー PBT 1.10 1.6 25.09 ー Net Profit 0.5

  13. Slide 13: Table of contents

    1. FY2026 Q1 Results Table of contents 2. Progress on the Mid-Term Business Plan 2025-2029 3. Sustainability Copyright © 2026 Tsubaki Nakashima Co, Ltd. All rights reserved. 12

  14. Slide 14: Progress of the Mid-Term Business Plan (2025–2029)

    Progress of the Mid-Term Business Plan (2025–2029) Highlight With the solid foundation in place, we will focus on items I and IV for FY2026. Focus on items I and IV for FY26. Deliver results based on the solid foundation we built. 1. Cash Conversion Cycle, DIO+DSO-DPO; 2. Sales, Inventory, and Opera

  15. Slide 15: Progress of the Mid-Term Business Plan: Value Creation Pillars

    Progress of the Mid-Term Business Plan: Value Creation Pillars Highlight Five-year plan is advancing steadily. CCC worsened by 2 days for FY26Q1. Six value creation drivers FY25 Results FY26 Q1 Progress FY26 Plan FY29 Plan I Global manufacturing footprint optimization Close Erwin plant in Feb. 2027.

  16. Slide 16: Table of contents

    1. FY2026 Q1 Results Table of contents 2. Progress on the Mid-Term Business Plan 2025-2029 3. Sustainability Copyright © 2026 Tsubaki Nakashima Co, Ltd. All rights reserved. 15

  17. Slide 17: Sustainability Initiatives

    Sustainability Initiatives Q1 2026 Carbon footprint CO2 emissions Key projects （CO2 tons/tons） （CO2 tons） 2025 ESG Report release Q1 2025 Q1 2026 YoY Japan 0.81 1.25 +0.44 Q４ 9,688 • 10 productivity initiatives West 0.78 0.71 -0.07 already kicked off in Q1 2026 Ceramic 13.00 18.08 +5.00 Q3 16,694 th

  18. Slide 18: APPENDIX

    APPENDIX Copyright © 2026 Tsubaki Nakashima Co, Ltd. All rights reserved. 17

  19. Slide 19: Quarterly Trends

    Quarterly Trends Sales / Operating Profit / OP margin (\ billion) Sales Operating profit OP margin 19.84 20.53 19.97 20.34 19.08 19.51 18.86 18.86 18.64 18.02 18.27 17.62 17.59 17.78 17.78 16.71 17.08 10.9% 8.7% 7.9% 7.6% 6.9% 5.0% 6.3% 2.24 3.2% 2.2% 2.4% 2.0% 1.53 -0.27 1.31 0.27 0.6% 1.13 1.57 0.

  20. Slide 20: Quarterly Trends by Segments: Sales

    Quarterly Trends by Segments Sales (\ billion) 25.0 20.0 15.0 10.0 5.0 0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Precision 15.81 16.46 15.16 15.42 17.37 18.21 18.81 19.28 18.68 18.68 18.71 19.86 19.62 20.19 17.88 17.41 18.00 17.56 16

  21. Slide 21: Quarterly Trends by Segments: Operating Profit

    Quarterly Trends by Segments Operating Profit (\ billion) 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 -4.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY2021 FY2021 FY2022 FY2022 FY2023 FY2023 FY2024 FY2024 FY2025 FY2025 FY2026 FY2026 Precision 1.67 1.65 1.51 0.30 1.50 -0.32 1.23 -7.88 1.55 0.

  22. Slide 22: Sustainability Initiatives (Supplementary Information)

    Sustainability Initiatives (Supplementary Information) Carbon Disclosure Project (CDP) Sustainability development ‒ Carbon Disclosure Project (CDP): the world’s economy looks to CDP as the strategy gold standard of environmental reporting. The aim of CDP is to see a thriving economy that works for p

  23. Slide 23: FOREX (Cumulative Average Rate) Trend

    FOREX (Cumulative Average Rate) Trend FY2022 FY2023 FY2024 FY2025 FY2026 1Q Full Year Full Year Full Year Full Year (3 months) (Japanese Yen) US$ 131.43 140.56 151.58 149.71 156.86 Euro 138.04 152.00 163.95 169.00 183.65 Chinese yuan 19.48 19.82 21.02 20.82 22.66 Copyright © 2026 Tsubaki Nakashima C

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