Nippon Signal Company, Limited · TSE:6741

Nippon Signal — FY2025 Earnings Presentation

40 slides from Nippon Signal's earnings presentation, May 14, 2025

Slide 2: Results summary
~ÿ~ý´óø 2024/3 2025/3 ƪÿ 2026/3 2025/3ÿ ([OÿU×ÿ ßů ßů ß ß÷ ÎǕ ß ß÷ úNÚ 985 1,068 +83 +8.4ÿ 1,080 +11 +1.1ÿ ÷m{þ 68 99 +30 +45.2ÿ 100 +0 +0.9ÿ }~{þ 78 107 +28 +36.7ÿ 108 +0 +0.1ÿ Ą_j{~^y» 53 85 +31 +59.1ÿ 75 ·10 ·11.8ÿ İ}{þ ¥ 2025ƥ3o³}~ÿ õ}ÿßhþ´_hþ~úNã{{¸º13³ÿ~ßß12³ÿ~ßþ ¥ jSÿ1jİº
Slide 3: Five-year financial trend
úNÚû{þĢû úNÚßß1Tÿ{þ²Ʈvßþ2 õ}ÿßhþ1ƪ×ì~_ßhþ|ßNw1úNÚ|ßò2 ÷m{þ1}~{þ1Ą_j{~^y»_}{þtz¼²ÞûgÚ2 ([OÿU×ÿ 2021/3 22/3 23/3 24/3 25/3 ƪÿ úNÚ 927 850 854 985 1,068 +83 ÷m{þ 57 53 51 68 99 +30 }~{þ 64 65 59 78 107 +28 Ą_j{~^ 49 45 40 53 85 +31 y»İ}{þ Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reser
Slide 4: Results by segment
»°ñóøwdúNÚû»°ñóø{þ ¥ îÛ¿´óõùÏm ÿ_ÖÓï÷~úN|s²~~1~¿{~¬ç|ßòw1 ƪÿwßßþ2 ¥ ÿÿÿ½úõü·÷óÏmÿ{ÿÕÿÿÿhþ~ßò{¸º1ƪÿwßßßþ2 2023/3 2024/3 2025/3 ƪÿ ÿ[OÿU×ÿ »°ñóø »°ñóø »°ñóø »°ñóø úNÚ {þ úNÚ {þ úNÚ {þ úNÚ {þ îÛ¿´óõùÏm 470 51 539 62 565 45 +26 ·16 ICT½úõü·÷óÏm 384 33 446 39 502 89 +56 +49 Ʈ¿} 2 ·33 2 ·33 2
Slide 5: Orders, sales and backlog by segment
»°ñóøwe×ìÚûúNÚû×ìëÚ 2024/3 2025/3 ƪÿ ÿ[OÿU×ÿ ×ìÚ úNÚ ×ìëÚ ×ìÚ úNÚ ×ìëÚ ×ìÚ úNÚ ×ìëÚ îœï÷ 748 466 825 416 478 762 ·331 +12 ·62 ¹þüøòóúö³ 81 73 16 93 86 23 +11 +13 +6 îÛ¿´óõùÏm 830 539 841 510 565 786 ·319 +26 ·55 AFC 428 346 225 373 388 210 ·55 +41 ·14 R&S 126 99 45 120 114 51 ·6 +15 ÿ5 ICT½úõü·÷óÏ
Slide 6: Overseas business by segment
»°ñóøwfÿÏm~öí 2024/3 2025/3 ƪÿ ÿ[OÿU×ÿ ×ìÚ úNÚ ×ìëÚ ×ìÚ úNÚ ×ìëÚ ×ìÚ úNÚ ×ìëÚ _ îÛ¿´óõù 353 108 584 87 137 534 ·265 +28 ·49 _ ICT½úõü·÷ó 0 6 42 0 3 38 ·0 ·3 ·3 _\ 354 115 626 87 141 572 ·266 +25 ·53 _ ƪß×ìÿó~³wƚÿ|rs±1×ìû×ìëƪÿ2 îÛ¿´óõù úNhþ|Ĉwwßò2 _ úNùøúð ûüñÿóAFC·¹öðzy2 ICT½úõü·
Slide 7: Balance sheet summary
ŋöí 2025/3 ÿ[OÿU×ÿ 2024/3 ßů ƪÿ ǧÏw 1,652 1,662 +9 o{[¬õ 187 192 +5 ëýÏo 968 1,026 +58 ëýÏoÿ÷ 58.6% 61.7% +3.1pt ROE 5.7ÿ 8.5ÿ ÿ2.8pt ROIC 4.6ÿ 6.9ÿ ÿ2.3pt PBR 0.67] 0.54] ·0.13pt (Ó)ƥēojï 1,038× 895× ·143× Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved. 6
Slide 8: Cash flow
½óó·õõýü~öí ÷Ï×ÿMVNOzyÿ{¸»½óó·õ²¶ø|ßòw|1õúü½óó·õõýü ï_²ýc2 ÿ[OÿU×ÿ ÿ[OÿU×ÿ +57 ·44 +67 ·29 ·15 ·ÿ ·0 117 117 ·1 112 83 õúüCFÿ12 õúüCFÿ37 ëÚ ÷m× ÷Ï× Û× ûÿÿÝ oëÚ ëÚ ÷m× ÷Ï× Û× ûÿÿÝ oëÚ 2024/3 2025/3 Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved. 7
Slide 9: FY2026 forecast
2026ƥ3o 2026/3 ([OÿU×ÿ 2024/3 2025/3 ƪÿ úNÚ 985 1,068 1,080 +11 ÷m{þ 68 99 100 +0 }~{þ 78 107 108 +0 Ą_j{~^ 53 85 75 ·10 y»İ}{þ Ą_j{~^ ú N Ú ÷ m { þ } ~ { þ y»İ}{þ 985 1,068 1,080 99 100 107 108 78 85 75 68 53 24/3 25/3 26/3 24/3 25/3 26/3 24/3 25/3 26/3 24/3 25/3 26/3 () () (
Slide 10: Orders and sales forecast: Signal
×ìÚûúNÚĢûÿîœï÷ÿ î œ ï ÷ Ï m ñóöúó¹~wÛW´}ÿû÷~UN{Ïy»ýÕ~xyÿ]{ ¸º1Îß²_}ÿ}Ûywÿùzû×~ßÿ²÷»2 zÏmÕûÿë×WÎŅÿǯÿATCÿ1qƚ_WÎŅÿ·¹öðÿSPARCSÿ{{ ×ìÚ úNÚ ÿU×ÿ ÿU×ÿ 800 600 600 400 400 748 466 478 480 200 500 200 416 0 0 24/3 25/3 26/3 24/3 25/3 26/3 () () Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserve
Slide 11: Orders and sales forecast: ICT Solutions
×ìÚûúNÚĢûÿ¹þüøòóúö³ÿ ë×Ûîß¾ß~T~÷ý¸·¿ø{²}ö{Ów1ë× ¹þüøòóúö³Ïm ÛîÎoxÓï~ï÷´ït»óµ²³~w<´óõùW¿= ²ox»ýÕ1âÛ~÷ýð´ð²þgy2 zÏmÕûÿîûŅ·¹öð1îï÷Ņÿû~ {{ ×ìÚ úNÚ ÿU×ÿ ÿU×ÿ 120 100 100 80 80 60 60 86 90 93 100 40 73 40 81 20 20 0 0 24/3 25/3 26/3 24/3 25/3 26/3 () () Copyright © NIPPON SIGNAL CO.,LTD.
Slide 12: Orders and sales forecast: AFC
×ìÚûúNÚĢûÿAFCÿ ¿ü¸óø»üù´÷óóø»üù{~¿óñ~nÛsQR³üù A F C Ï m ¾²}tõwt½óó·õü¹_Îµüó¹{ttvß¾ ß{×º}°2 zÏmÕûÿë×}o1ûüðù²1ÙÎ|ûv·¹öð {{ ×ìÚ úNÚ ÿU×ÿ ÿU×ÿ 600 400 400 200 428 430 373 200 346 388 390 0 0 24/3 25/3 26/3 24/3 25/3 26/3 () () Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved. 11
Slide 13: Orders and sales forecast: R&S
×ìÚûúNÚĢûÿR&Sÿ »óµ1ßV÷{~³²âÛ{gõ~ýüö³¿¹âÛ²\u{1 R & S Ï m þxýüóø|WÝy»og_~ßÿ²ë²y»2 ;RÿSÿÿÿRoboticsÿýüö³¿¹ÿ& Sensingÿ»ó·ó°ÿ zÏmÕûÿýüö³¿¹1 ÿDÝöß»óµ {{ ×ìÚ úNÚ ÿU×ÿ ÿU×ÿ 150 150 100 100 126 120 130 114 120 50 50 99 0 0 24/3 25/3 26/3 24/3 25/3 26/3 () () Copyright © NIPPON SIGNAL CO.,LTD. All
Slide 14: Orders and sales forecast: ICT total
×ìÚûúNÚĢûÿÿźûÿÏmwÿ ICT½úõü·÷óÿ_ÿ ×ìÚ úNÚ îÛ¿´óõù (_ÿ ÿU×ÿ ÿU×ÿ ICT½úõü·÷óÿÿÕÿ îÛ¿´óõù ÿÿÕÿ 1,500 1,500 1,385 0 1,160 353 1,080 1,004 50 1,068 112 985 3 20 1,000 ÿ 1,000 6 137 120 87 108 555 510 499 490 494 439 500 500 476 422 488 430 428 450 0 0 24/3 25/3 26/3 24/3 25/3 26/3 () () Copyri
Slide 15: Operating income by segment
»°ñóøw{þ 2026/3 ÿ[OÿU×ÿ 2024/3 2025/3 ƪÿ îÛ¿ ´óõùÏm 62 45 57 +11 ICT½úõü·÷ó Ïm 39 89 79 ·10 Ʈ¿} ·33 ·35 ·36 ·0 \ 68 99 100 +0 Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved. 14
Slide 16: Capital allocation and investment
ÏoûÛƋu ÿoýĉ ½óó·õ²ý±ü·÷ó (o) Omýÿ~±1ÛuƮŉ²úßwtt1 o{zq»÷m½óó·õõýü²Sk ŊÿĤÏxj~{þS²ðùó¹¸ {1Ŋÿß{ÿw1ŭ}äzĤÏ²Ìv2 ßýy»2 2025/3ßů |~~ĤÏ ÛuƮŉ ÷mCF 210U× ÿ32U×ÿ ~úß 800U× ï ëýÏoÿ÷ (;1) ŻÙĤÏ 50%~60% 2025/3ßů 450U× ÿ50U×ÿ 90U× M&AĤÏ }~Þ 100U× ÿ-ÿ Ŋÿ{Uq ÏÑ¿Ô jx~ (;2) ĤÏ~ßý {þS 2025/3ßů jS ÿ2
Slide 17: Investment plan
ĤÏ·Ï 2026/3 ÿ[OÿU×ÿ 2024/3 2025/3 ƪÿ ŻÙĤÏÝ 43 50 82 +31 |~~¿ 29 32 37 +4 ã}ċõÿċÿ; 50 60 90 +30 ;ã}ċõ_[_ ŻÙĤÏÝ |~~¿ ã}ċõÿċÿ 82 37 90 29 32 60 43 50 50 24/3 25/3 26/3 24/3 25/3 26/3 24/3 25/3 26/3 () () () Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved. 16
Slide 18: Shareholder returns
{þSÿÝİÑÿ{ttv ßWxwv1³}Ý_ŉUÿÿÿïN1OÖg{ÿÿÿÿÿÿÿ²_÷~þ{xŻÛ2 Nýĉ{ÿu}2025~3o~Ý_ÿÿ×1 2026~3o²~Ý_ÿÿ×²ýc2 2024ƥ3o 2025ƥ3o 2026ƥ3o() ƥ31× ƥ43× ƥ43× 2ß[o 7× 2ß[o 10× 2ß[o 13× o 24× o 33× o 30× ÝİŉU 36.2% ÝİŉU 31.5% ÝİŉU 35.8% ÿÿÿ 2.1% ÿÿÿ 2.7% ÿÿÿ 2.6% Ýİ{Þº 2.99ÿ Ýİ{Þº 4.80ÿ ;Ý_{Þº
Slide 19: Market capitalization and shareholders
ŋßoj_~~{Uqöí OmïtUN{UqÏoû÷~öz»UN²Ĝ»±1ÿÿÿÿ~ÿoofù{zq» ³}}Ïw\{ÿy»ŋßoj_~ßor\²ÿÿÿïO{y»sx²þgy2 úw{¸svßÏÑ1ŊÿVßx~÷Ï´ŻÙ÷Ïzy{oû}y»2 }Ïw ŋßoj_ 1200 26% 24% }Ïw{ÿy»r\ 1000 20% 800 22% 968 1,026 600 893 U× U× U× 249 244 400 197 U× U× U× 200 0 23/3 24/3 25/3 29/3 () úwßů 1.2U× 7.2U× 4.1U× Copyrigh
Slide 20: Topics: Osaka Metro
Ïm~ëí Osaka Metro {Ý m ÿÿó~ëň}o(ÿÿû¿óñ~nÿß)1 ÿó~ëňŖÿ1ÿÿÿÿŅÿǯĳÞ²ƲƖ ;TASCÿTrain Automatic Stop-position Controllerÿ & ÆOÀkǯ 19 Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved.
Slide 23: Topics: News Release
Ïm~ëí News Release OľûyîœÖ}ƚ qƚ_WÎŅÿ·¹öð~ ÎœÞïĳ~wNŻÙ²ZÿƳ ßÛú}~wÛW²þgy ÿÿÿÿÿƥē{·¹öðŋƖÎÆÿ ÎNqƚ²óöúÿŲ~øÿ wNqƚ²óöúÿŲ~øÿ 22 Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved.
Slide 34: Topics: order backlog
Ïm~ëí ÿÏm~¸ú²w¿ü²óøÿ[OÿU×ÿ; úNþ{ 300 U× ÿû wW ðó°ù ´óù ó~ ²õú» oÿ }~Þ \ wß ²¸² ÷·õ 141U× 1,000 úNÚ 300 230 200 130 100 80 80 ïN 33 2025/3 2029/3 ; 28o(2024~þ<2028~þ){zq»1_ÿÏmúNÚ~¸ú²w´ñü¸ Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved.
Slide 38: Topics: News Release
Ïm~ëí News Release ¸ó»û¿Ď^ÚîœÏm(ÿ{) ï÷·¹öð×ì qƚ_WÎŅÿ·¹öð ÿÿÿÿÿÿ1ÿ[³ňǯ1 ÿÿÿ;·¹öð1ÿ|~ĳ²ƲƖ ;ÿÿÿ ÿPassenger Information Displayÿ&Ý³ó³ü¹´1÷ùóøû üðwWÎåy²è{y»±~è{~·¹öð2 Copyright © NIPPON SIGNAL CO.,LTD. All Rights Reserved. 37
Slide 39: Business segments overview
0Ó1»°ñóøþó÷ [_ {y^ ³}Ïm ³}[_ zřÕûµüó¹ Ïm Õ» îÛ¿ ÖÓï÷ ÖÓ ®Öû}÷1JR ř°1ßÛ1 ATCÿë×WÎŅÿǯÿ1ÿ[³×ǯ1CTCÿWÎÖoŅÿǯÿ1 ´óõù ·¹öð ýÏ1½õ úüüÿýÿ~ÿ1þí1îÏ1SPARCSÿqƚ_WÎŅÿ·¹ö Ïm øŻ{ ðÿ1è{~1ßÛ1ýÏ1½õøŻ{ ÿ îÛ¿ ÿ[_ÖÓ·¹öð~»°ñóøÕ»\ùÿ ¹þüø ¹þüø ITS ;3 ř°1ßÛ1 îûŅ·¹öð1ï÷~1ï÷Ņÿ~1ßÛ1ýÏ1½õøŻ{ òóúö³ òóú ýÏ1½õ ö³ ¹þü

Nippon Signal Company — FY2025 Earnings Presentation on 6ix

Nippon Signal — FY2025 Earnings Presentation

Slide 1: FY2025 Earnings Presentation

Slide 2: Results summary

Slide 3: Five-year financial trend

Slide 4: Results by segment

Slide 5: Orders, sales and backlog by segment

Slide 6: Overseas business by segment

Slide 7: Balance sheet summary

Slide 8: Cash flow

Slide 9: FY2026 forecast

Slide 10: Orders and sales forecast: Signal

Slide 11: Orders and sales forecast: ICT Solutions

Slide 12: Orders and sales forecast: AFC

Slide 13: Orders and sales forecast: R&S

Slide 14: Orders and sales forecast: ICT total

Slide 15: Operating income by segment

Slide 16: Capital allocation and investment

Slide 17: Investment plan

Slide 18: Shareholder returns

Slide 19: Market capitalization and shareholders

Slide 20: Topics: Osaka Metro

Slide 21: Topics

Slide 22: Topics: News Release

Slide 23: Topics: News Release

Slide 24: Topics

Slide 25: Topics: News Release

Slide 26: Topics

Slide 27: Topics: News Release

Slide 28: Topics

Slide 29: Topics: News Release

Slide 30: Topics

Slide 31: Topics: News Release

Slide 32: Topics

Slide 33: Topics

Slide 34: Topics: order backlog

Slide 35: Topics: News Release

Slide 36: Topics: News Release

Slide 37: Topics: News Release

Slide 38: Topics: News Release

Slide 39: Business segments overview

Slide 40: Notes on forecasts