Powerx, Inc. · TSE:485A

Powerx — Q2 2026 Earnings Presentation

133 slides from Powerx's earnings presentation, Aug 13, 2026

  1. Slide 1: PowerX Q2 FY2026 Financial Results Briefing

    PowerX Q2 FY2026 Financial Results Briefing PowerX, Inc. August 2026 (Securities Code: 485A) This document Is an English translation of the orlginal Japanese document titled “20261244 53209°44) RMERIAA” and Is provided for reference purposes only. In the event of any discrepancy between this transla

  2. Slide 2: Contents

    Contents 1. Executive Summary 2. Q2 FY2026 Financial Results 3. Business Highlights 4. FAQ / Company Overview(Appendix) M PowerX confidential an

  3. Slide 3: Executive Summary

    Executive Summary ™ PowerX Q2 Yor: Revenue & Profit Growth; Production Progress 60% Order Backlog (Aug, 2026-2030): ¥101.9 bn! (+¥12.9 bn vs. May) FY2027 Business Outlook Disclosed Today a a a M@ TSE Prime Preparations: Ongoing H@ Global Business: Actively Advancing a New Product Digest; FY2027 Prod

  4. Slide 4: Contents

    Contents 1. Executive Summary 2. Q2 FY2026 Financial Results 3. Business Highlights 4. FAQ / Company Overview(Appendix) M PowerX conidial an

  5. Slide 5: PowerX's Revenue Model

    PowerX's Revenue Model Product delivery dates are agreed upon with customers at the signing of the purchase order, and ownership is transferred on the date agreed upon in the contract, regardless of customer readiness. ~90% is billed at product delivery and the remaining ~10%* after start-up, limiti

  6. Slide 6: Consolidated Financial Summary

    FY2026 Q2 Consolidated Financial Summary Q2 revenue increased 48.3% YoY, while operating profit improved by ¥489mn. With deliveries of contracted projects concentrated in H2, revenue guidance progress stands at 17.2%, while production is progressing as planned at 60%. Production Progresso et << Fv20

  7. Slide 7: Full-year consolidated financial results forecast

    FY2026 Q2 Full-year consolidated financial results forecast Given strong order intake and considering production progress, the FY26 revenue forecast was raised to ¥40.0bn on June 25, 2026. Profit forecasts remain unchanged, as incremental earnings will fund R&D. Subsequent slides show progress vs. r

  8. Slide 8: FY2026 Order Backlog (Total of Signed Orders and Probable Orders)

    FY2026 02 FY2026 Order Backlog (Total of Signed Orders and Probable Orders) Signed Orders (including recurring revenue) have reached the FY2026 forecast, with H2 deliveries driving revenue recognition. FY2026 Signed Orders + Probable Orders' vs. Revenue Forecast 40,000 41,560 (Unit: Millions of yen)

  9. Slide 9: Order Backlog (Signed Orders) Trend

    FY2026 Q2 Order Backlog (Signed Orders) Trend Contracted order backlog reached ¥78.4bn as of the earnings announcement date, up 111.8% from FY2025 year-end. Signed orders +111.8% Y (Unit: Millions of yen) Orders Received mam Revenue Recognized 78 3 80,000 " mee 68,868 70,000 cal 60,000 7,105 11,893

  10. Slide 10: Outlook and Financial Targets

    FY2026 Q2 Outlook and Financial Targets With backlog growing and investor inquiries extending beyond FY2026, the current outlook is presented for reference: ~¥70bn revenue and ¥5bn+ net income in FY2027, and ¥200bn+ revenue, 35%+ ROE, and sustained positive FCF by FY2030. FY2026 Forecast FY2027 Outl

  11. Slide 11: Quarterly Revenue, Gross Profit, and Gross Margin Trends

    FY2026 Q2 Quarterly Revenue, Gross Profit, and Gross Margin Trends Q2 revenue increased 71.2% YoY, while gross margin was 24.8%. Although margins are expected to soften slightly in H2 due to FX and raw material prices, full-year performance remains on track with guidance. (Unit: Millions of yen) mam

  12. Slide 12: Segment Results

    FY2026 Q2 Segment Results BESS revenue increased 34.3% YoY, while Power Business revenue grew 375.9% on higher recurring revenue and equipment sales. BESS profit was impacted by product storage costs, which are expected to decline from H2, while profitability improved across all other areas. Revenue

  13. Slide 13: Quarterly Profit Trends

    FY2026 Q2 Quarterly Profit Trends As in FY2025, revenue and profitability are expected to improve toward Q4. The EBITDA loss narrowed to ¥226mn in Q2, with a significant return to profitability expected in Q4 and all profit lines expected to be positive on a full-year basis. (Unit: FY2025 FY2026 © G

  14. Slide 14: Quarterly SG&A Breakdown and Ratios

    FY2026 Q2 Quarterly SG&A Breakdown and Ratios SG&A decreased 3.0% YoY, while operating profit improved by ¥383mn. Higher S&M mainly reflects increased product storage costs, which are expected to decline from next year with our new container yard. Overall SG&A remains broadly in line with budget. Oa

  15. Slide 15: Revenue per Employee

    FY2026 Q2 Revenue per Employee Revenue is expected to grow at a 154.8% CAGR from FY24-FY26, while headcount grows at only ~15%, driving ~120% CAGR in revenue per employee. With the initial organizational build-out largely complete, productivity is improving while SG&A growth remains contained. Reven

  16. Slide 16: Consolidated Balance Sheet

    FY2026 Q2 Consolidated Balance Sheet Inventories increased as production progressed for H2 deliveries, while PP&E rose following the acquisition of factory facilities in Tomakomai. Contract liabilities increased with new orders, and short-term borrowings rose ahead of maturities, with refinancing co

  17. Slide 17: Consolidated Cash Flow

    FY2026 Q2 Consolidated Cash Flow Working capital for advance production ahead of H2 deliveries was funded through short-term borrowings under the commitment line. (Unit: Millions of yen) Cash flows from operating activities Loss before income taxes Depreciation and impairment losses Decrease (increa

  18. Slide 18: Capital Allocation Approach

    FY2026 Q2 Capital Allocation Approach Business growth and improving profitability are expected to strengthen operating cash flow generation. Growth investments and seasonal working capital needs will be funded primarily through increased borrowings, while building capacity for shareholder returns. C

  19. Slide 19: Capital Allocation Approach

    FY2026 Q2 Capital Allocation Approach Factory CAPEX for FY2026-FY2027 capacity expansion has declined to a level recoverable with roughly one year of FY2027 EBITDA, marking a shift toward generating growth and profit without relying on large-scale investment. FY2027 Outlook’ EBITDA: ¥6.2-7.7bn CAPEX

  20. Slide 20: Borrowing Status

    FY2026 Q2 Borrowing Status Short-term borrowing capacity was expanded to fund working capital for seasonal advance production, while long-term financing was secured for factory investments. Financing costs were also reduced, optimizing leverage by funding purpose. As of Earnings © Short-term Borrowi

  21. Slide 21: Changes to Use of IPO Proceeds

    FY2026 Q2 Changes to Use of IPO Proceeds IPO proceeds will be reallocated from construction of Power Base Plant 2 to production-line expansion at Power Base, the launch of Power Base Hokkaido, and additional working capital. Revised items are shown below; changes to the production structure are disc

  22. Slide 22: Changes to MegaPower Production Structure and Outlook

    FY2026 Q2 Changes to MegaPower Production Structure and Outlook The production structure has been partially revised to improve capital efficiency, reflecting order trends and new product plans. Power Base Hokkaido operations | will begin in July 2028, while FY2027 production will be handled at the t

  23. Slide 23: Production Capacity

    FY2026 Q2 Production Capacity Two-shift operations provide sufficient capacity to support the FY2027 outlook. As production is assembly-based and requires limited dedicated equipment, capacity can be flexibly expanded through shift and working-hour adjustments without significant additional CAPEX. T

  24. Slide 24: Contents

    Contents 1. Executive Summary 2. FY2026 Q2 Financial Results 3. Business Highlights 4. FAQ, Company Introduction (Appendix) M PowerX —coniential

  25. Slide 25: Order Backlog and Outlook

    Order Backlog and Outlook

  26. Slide 26: Breakdown of backlog (including probable orders) by fiscal year

    Breakdown of backlog (including probable orders) -by fiscal year FY27 orders increased sharply following subsidy approvals. Total orders for FY26-FY30 reached ¥101.9 billion. 2026-2030 Signed Orders & Probable Orders” (billion yen) As of August 13 60.0 50.1 vs. May +¥8.0bn +00 ig avnen Jets 2026-203

  27. Slide 27: Financial Outlook and Order Backlog by Fiscal Year

    Financial Outlook and Order Backlog (Including Probable Orders) by Fiscal Year Financial 0 ut look for + We already have orders covering 72% of our FY2027 revenue outlook. FY26 and FY27 + We still have 12 more months to secure additional orders. 7027-2030 200+ ‘aera _ 4 F ; “UUs > through new 2026-2

  28. Slide 28: Order Backlog + Projects Under Negotiation with Customers

    Order Backlog + Projects Under Negotiation with Customers —_ Projects currently under negotiation with customers’, not yet . . included in the order backlog”, total 9.07 GWh through 2030. Pipeline Toward FY30 As of August 13 2026-2030 Signed Orders & Probable Orders*": Total 2026-2030 Signed + soe A

  29. Slide 29: Extra-High-Voltage Projects Dominate the BESS Pipeline

    Extra-High-Voltage Projects Dominate the BESS Pipeline The average size of BESS projects continues to grow, with Extra-High Voltage projects accounting for 88.3% of pipeline capacity. own) Average storage capacity per project (MWh)* HV/EHV Mix of Pipeline Capacity (2026-2030) * MW 250 220 HV 11.7% 2

  30. Slide 30: Breakdown of backlog by fiscal year: Current Pipeline Includes BESS Only

    Breakdown of backlog (including probable orders) by fiscal year Current Pipeline Includes BESS Only 2026-2030 Projects Under Negotiation* ~ |\ZWZ (Wh) / 20 va 1.03 cwh/ 10 Q 0.1 cwh “ yy 2026 2027 2028-2030 Projects currently under negotiation’ include overseas projects, but do not include the data

  31. Slide 31: New Product Summary

    Watch the product launch hye 4 video> Sey E> -ag or deed New Product Summary New Mega Power Lineup, PowerX In-house PCS, and more

  32. Slide 32: New Product Positioning Map

    | New Product Positioning Map For Japan and Global Markets*2 _ - & — @ PowerX Mega Power 2500 PowerX Mega Power 40007U—ZX PowerxX Grid Connector for BESS PowerxX Grid Connector for BESS PowerxX Grid Connector for BESS 6.6KV AC <> 1500V DC. 22kV AC <> 1500V DC 6.KV + 22KV AC «> 1500V DC *| For market

  33. Slide 33: Mega Power: Setting a New Standard for BESS Safety and Resilience

    | Mega Power: Setting a New Standard for BESS Safety and Resilience Engineered for earthquakes, typhoons, noise-sensitive sites, and power outages—protecting equipment and supporting business continuity. Standard Standard () Seismic Resilience @ Typhoon Resistance * ~ \ eens J y, ay) -- = + Seismic-

  34. Slide 34: Mega Power 4000 Series Specification

    Mega Power 4000 Series Specification tye tye Nominal capacity ~4,692 kWh ~ 4,233 kWh Battery module capacity / qty 195 kWh x ~24 176 kWh x ~24 Cell 1,172 Ah LFP 530 Ah LFP Configuration ~8S3P / 1P52S ~4S6P / 1P52S Rated DC voltage 1,331.2 V Charge / discharge rate 0.25C (0.5C optional) Chiller 30 kW

  35. Slide 35: Mega Power 4000 Series: High Capacity & Stackable

    Mega Power 4000 Series: High Capacity & Stackable + ~1.7x more capacity in the same 20-ft footprint; two-high stacking greatly increases site energy density Stacked two-high: 5,000 mm tall =) Capacity per unit B -4 692 kWh @ Dimensions 6,058 x 2,438 "2,500 mm Stackable: Two-high capable | Mega Power

  36. Slide 36: Mega Power 4000 Series: High-density, stackable design

    Mega Power 4000 Series: High-density, stackable design optimized for extra-high-voltage BESS projects Existing Model (Mega Power 2700A) New : Mega Power 4000 Series High Density & Stackable ~3.4x the Capacity per Footprint*’ . . . ws Total Capacity: Total Capacity: Optimized for extra-high- Approx.

  37. Slide 37: PowerX Grid Connector for BESS

    PowerX Grid Connector for BESS + Anall-in-one solution integrating the core systems required to connect a BESS facility to the grid. * Turnkey engineering optimizes system design and shortens project lead times. * Streamlined installation and transportation help reduce overall project costs, enablin

  38. Slide 38: 썰쎇썑썿쏇쎤쏀쎘쎣쎢쎜쎏쎼 쎁썾 썧쎯쎘쎱쎮쎤쎯쎢썑쎢쎜쎏쎼 썰쎁썾 썤쎏쎘쏀쎱쎼쏉쏶 썿쎤쎮쎹쎬쎤쎡쎤쎜쎚썑쎱쎯쏶 썿쎣쎱쎼쏀쎜쎼썑쎹쎼쎱쎪쎜쎘쏀썑 쎤쎯쏀쎜쎢쎼쎏쏀쎜쎚 쎽쎤쏀쎜썑쎤쎯쎽쏀쎏쎬쎬쎏쏀쎤쎱쎯 쏀쎤쎮쎜쎬쎤쎯쎜쎽

    썰쎇썑썿쏇쎤쏀쎘쎣쎢쎜쎏쎼 쎁썾 썧쎯쎘쎱쎮쎤쎯쎢썑쎢쎜쎏쎼 썰쎁썾 썤쎏쎘쏀쎱쎼쏉쏶 썿쎤쎮쎹쎬쎤쎡쎤쎜쎚썑쎱쎯쏶 썿쎣쎱쎼쏀쎜쎼썑쎹쎼쎱쎪쎜쎘쏀썑 쎤쎯쏀쎜쎢쎼쎏쏀쎜쎚 쎽쎤쏀쎜썑쎤쎯쎽쏀쎏쎬쎬쎏쏀쎤쎱쎯 쏀쎤쎮쎜쎬쎤쎯쎜쎽

  39. Slide 39: PowerX Grid Connector for DC

    PowerX Grid Connector for DC Turnkey Power, Cooling and Energy Storage Infrastructure ¢ Power, cooling and battery storage integrated into one factory-built solution. ¢ Simplified on-site installation enables Zero-Day Connection* for a 1 MW data center. ¢ Built-in backup power strengthens resilience

  40. Slide 40: Grid Connector for DC: Turnkey Power, Storage and Cooling

    Grid Connector for DC: Turnkey Power, Storage and Cooling for Zero-Day Connection* A factory-integrated, all-in-one solution that minimizes on-site work and accelerates data center deployment. 6.6 / 22kV AC Grid Connector for DC Once installed, Just connect the DC MW-class Al data center / building

  41. Slide 41: Grid Connector for BESS: Components

    | Grid Connector for BESS: Components MV Switchgear Transformer M PowerX conidial an

  42. Slide 42: 썻쎜쎼쎤쎹쎣쎜쎼쎏쎬썑쎜쎻쏁쎤쎹쎮쎜쎯쏀 쏰썻썛썿쏡썑쎱쏀쎣쎜쎼썑쎽쏉쎽쏀쎜쎮쎽쏱 쎁쎣쎤쎼쎚썑쎹쎏쎼쏀쏉 썧쎯쏶쎣쎱쏁쎽쎜썑쎹쎼쎱쎚쏁쎘쏀쎽썑 썧쎯쏶쎣쎱쏁쎽쎜썑쎹쎼쎱쎚쏁쎘쏀쎽썑 쐘썑쎽쎜쎼쏆쎤쎘쎜쎽 쐘썑쎽쎜쎼쏆쎤쎘쎜쎽

    썻쎜쎼쎤쎹쎣쎜쎼쎏쎬썑쎜쎻쏁쎤쎹쎮쎜쎯쏀 쏰썻썛썿쏡썑쎱쏀쎣쎜쎼썑쎽쏉쎽쏀쎜쎮쎽쏱 쎁쎣쎤쎼쎚썑쎹쎏쎼쏀쏉 썧쎯쏶쎣쎱쏁쎽쎜썑쎹쎼쎱쎚쏁쎘쏀쎽썑 썧쎯쏶쎣쎱쏁쎽쎜썑쎹쎼쎱쎚쏁쎘쏀쎽썑 쐘썑쎽쎜쎼쏆쎤쎘쎜쎽 쐘썑쎽쎜쎼쏆쎤쎘쎜쎽

  43. Slide 43: Japan Grid-Scale BESS PCS: ¥90-100 Billion Annual TAM by 2030

    Japan Grid-Scale BESS PCS: ¥90-100 Billion Annual TAM by 2030 Deployment is projected to grow approximately 13X, from ~1 GW in 2025 to ~13 GW in 2030. Grid-Scale BESS PCS Deployment”! (ow) Grid-Scale BESS PCS Market”! . ~13 GW 12.0 +12 GW or more from 2025 to 2030 —a market worth -¥90-100 billion an

  44. Slide 44: BESS Business Update

    BESS Business Update

  45. Slide 45: BESS Deliveries and Installations Are on Track

    View press BESS Deliveries and Installations Are on Track releases + Approximately 3 GWh of BESS projects are progressing nationwide. Following the completion of the 54.8 MWh Kasai project in May, multiple extra-high-voltage facilities are moving toward commissioning, with upcoming projects scaling

  46. Slide 46: Large-Scale BESS Deliveries and Installations Are on Track

    Large-Scale BESS Deliveries and Installations Are on Track Site construction for multiple new large-scale BESS projects is progressing smoothly across Japan ahead of BESS deliveries beginning in Q3. ™ PowerX

  47. Slide 47: Power Business Update

    Power Business Update

  48. Slide 48: Power Business: BESS Operation Services Double in Three Months

    Power Business: BESS Operation Services Double in Three Months; Equipment Sales Pipeline Reaches 4.9 GWh In addition to battery storage facility operation and power supply service, discussions on equipment sales opportunities involving future tolling arrangements are progressing steadily, bringing t

  49. Slide 49: Japan Power Market Trends & Update

    Japan Power Market Trends & Update

  50. Slide 50: Balancing Market: Primary Reserve Price Cap to Be Lowered

    Balancing Market: Primary Reserve Price Cap to Be Lowered to ¥10/kW per 30 Minutes As of Jan 2026 [110th Institutional Design Working Group] “If competitive conditions in the market do not improve, the price cap will be lowered in stages from ¥15 to ¥10, ¥7.21, etc.” 4 July 2026 4th Stable Power Sup

  51. Slide 51: Battery Arbitrage Opportunities Are Expanding as Imbalance Prices Spike

    Battery Arbitrage Opportunities Are Expanding as Imbalance Prices Spike When the supply-demand balance tightens and reserve margins narrow, imbalance prices rise sharply by design. During tight supply-demand periods—particularly in summer and winter—batteries discharge when the grid needs power most

  52. Slide 52: Rising Imbalance Prices Are Expected to Expand Long-Term Arbitrage

    Rising Imbalance Prices Are Expected to Expand Long-Term Battery Arbitrage Opportunities * The imbalance price cap will rise from ¥200/kWh to ¥300/kWh on October 1, 2026, with a further increase to ¥600/kWh already approved. * Higher imbalance prices and continued wholesale power price volatility ar

  53. Slide 53: Japan Power Market Trends: Key Takeaways

    Japan Power Market Trends: Key Takeaways @ Even after the primary reserve price cap in the balancing market is lowered to ¥10/kW per 30 minutes, our projects are expected to remain economically viable as infrastructure investments. @ By charging during lower-price periods and discharging when tight

  54. Slide 54: Global Sales Update

    Global Sales Update

  55. Slide 55: International Sales Activities Across Asia

    | International Sales Activities Across Asia Sales Engagements by Market asd = Orders (X units) As of July 31, 2026 Taiwan iv) =Top meetings led by CEO Ito Thailand Major electronics company; State-owned power utility ¢ Japan-led international sales activities Conglomerate groups Philippines across

  56. Slide 56: Southeast Asia's Energy Landscape

    Southeast Asia’s Energy Landscape: The Urgent Need for Greater Energy Security Southeast Asia Power Generation Mix (2024) Electricity generation = 1500 — . Fossil fuels account for more than 4200 70% of the region's generation mix. 900 a ~26% of generation relies on LNG, El with imports continuing t

  57. Slide 57: BESS Deployment Potential in Southeast Asia Region

    | BESS Deployment Potential in Southeast Asia Region Viet Philippines ietnam 10-16.3 GW over 2025-2030 Renewables of 10 MW+ must co-locate of BESS deployment targeted*4 BESS of =20% of generation capacity*3 By 2030: Thailand ve e 38 0 . Draft energy plan targets 14 GW. GWh+ of BESS deployment potent

  58. Slide 58: Montenegro: Update on Discussions with EPCG

    Montenegro: Update on Discussions with EPCG ™ PowerX * In May 2026, we signed an MOU with EPCG, Montenegro's state-owned power utility, to explore the deployment of battery energy storage systems (BESS). ¢ Under the MOU, we are jointly developing a BESS deployment plan aimed at enhancing grid reliab

  59. Slide 59: Our New Mission: Think Sovereign Energy

    Our New Mission: Think Sovereign Energy Previous Mission New Mission Achieving Japan's Energy Independency Think Sovereign Energy Beyond Japan, energy self-sufficiency and energy security are becoming increasingly urgent priorities across Southeast Asia and around the world. PowerX develops the prod

  60. Slide 60: Other Updates

    ™ PowerX Other Updates Application for Transfer to the TSE Prime Market Tokyo Office Relocation FAQ

  61. Slide 61: Application for Transfer to the TSE Prime Market

    Application for Transfer to the TSE Prime Market ™ PowerX Preparations for the transfer to the Tokyo Stock Exchange Prime Market continue; while the application timing is undecided at this point, Our plans are unchanged and preparations are underway.

  62. Slide 62: Tokyo Office Relocation

    | Tokyo Office Relocation Beginning this October, we will consolidate our Tokyo office and annex/showroom into a single location in Chuo-ku, bringing teams together to improve communication and productivity. Current From Oct 2026 At founding Tokyo Office ; y Fi Midtown Tower 43F, 9-7-1 Akasaka, Mina

  63. Slide 63: Summary: A Stronger Foundation for the Next Phase of Growth

    Summary | A Stronger Foundation for the Next Phase of Growth ™ PowerX m Financial performance, orders, and production remain on track with our growth plan. m We are expanding our order book and production capacity to support revenue targets of ¥68.0-72.0 billion in FY2027 and more than ¥200 billion

  64. Slide 64: Thank you for joining us today.

    Thank you for joining us today. For the new product launch video and the Al-readable version of today's materials, please use the QR codes below New product launch Today's materials video (YouTube) (Al-readable MD file) download here

  65. Slide 65: Matters Regarding Forward-Looking Statements

    Matters Regarding Forward-Looking Statements ™ PowerX This material has been prepared for the purpose of helping readers understand the Company and is not intended as a solicitation for investment. Earnings forecasts and future projections contained in this material include so-called “forward-lookin

  66. Slide 66: Contents

    Contents 1. Executive Summary 2. FY2026 Q2 Financial Results 3. Business Highlights 4. FAQ, Company Introduction (Appendix) M PowerX conientot an Po 65

  67. Slide 67: FAQ

    FAQ Frequently Asked Questions on Order Backlog and Revenue Progress Q. Why has the order backlog increased so significantly? Is production falling behind? A. Delivery timing for equipment sales is determined by project schedules based on factors such as grid connection timing, subsidy reporting dea

  68. Slide 68: Company Overview

    Company Overview

  69. Slide 69: Company Overview

    | Company Overview \ Company PowerX, Inc. (TSE Growth Listed) bi \ Founded March 22, 2021 Representative Masahiro Ito, Director, President & CEO Headquarter / Factory: Tai 6-9-1, Tamano, Okayama, Japan Tokyo Office: Locations Midtown Tower, 43F, 9-7-1 Akasaka, Minato-ku, Tokyo Annex / Show Room: AXA

  70. Slide 70: Directors & Executive Officers

    Appendix Directors & Executive Officers Director, President & CEO Founded Yappa Inc. in 2000, Joined the Z0Z0 Group through M&A and , served as CEO of ZOZ0 Technologies, followed by Director and COO of Masahiro Ito 2020, Inc. from 2019. Established PowerX, Inc. in March 2021. Ms Tadahisa Kagimoto V

  71. Slide 71: Mission: Think Sovereign Energy

    sap _ For a Sustainability _ Prosperous Future ec, he Mission Think Sovereign Energy Sp Skane say options for greater stability and resilience. Through battery storage, we aim to support reliable energy systems worldwide. 70

  72. Slide 72: Business Overview

    Business Overview PowerX’s Mai n Businesses Main Businesses *Please note that core business areas represent the businesses in which the Company strategically focuses on and may differ from segment information disclosed in accordance with accounting standards. New Business sy ™ PowerX | Modular DataC

  73. Slide 73: PowerX Product Lineup

    PowerX Product Lineup For Battery Power Plants Mega Power Series / Data Center Products ey PowerX Mega Power 2500 PowerX Mega Power 4000 Series 2.5MWh 10ft container sized BESS Next-generation high-density BESS PowerX Grid Connector Series PowerX Grid Connector for BESS Turnkey BESS grid connection

  74. Slide 74: Battery Power Plants

    ™ PowerX Battery Power Plants* tems with an output Wor more and direct plants, er grid have been treated as connected to the po batter

  75. Slide 75: What is a Battery Power Plant?

    Business Overview > Battery Power Plants What is a Battery Power Plant? Solar Senerate Wind b---4 Biomass | Thermal i} Nuclear Generate Hydropower power ¢ Contributing to grid stability ¢ Generating revenue from three electricity markets (JEPX, EPRX, Capacity Market) Source: Kenji Eda & Hiroaki Izum

  76. Slide 76: Key Components of a Battery Power Plant

    Business Overview > Battery Power Plants Key Components of a Battery Power Plant Switchgear ntrol Panel ind metering nitoring and control Adjusting prope ™ PowerX

  77. Slide 77: Deployment and Operation of Battery Power Plants

    Business Overview > Battery Power Plants Deployment and Operation of Battery Power Plants System development and operations for battery power plants are provided on an integrated basis through vertical integration. Order Transportation Maintenance Battery Customer a PowerX Installation Operation pow

  78. Slide 78: Power business utilizing battery storage systems

    Power business utilizing battery storage systems

  79. Slide 79: PowerX Power Business Overview

    Business Overview > Power business utilizing battery storage systems PowerX Power Business Overview + Leverages its position as a battery system manufacturer to expand into the power business * — Delivers cost-efficient and stable services through vertical integration of power, aggregation, and asse

  80. Slide 80: Modular Data Center

    Modular Data Center

  81. Slide 81: New Business: Modular Data Center

    Business Overview > Modular Data Center Press Movie EF ile] New Business: Modular Data Center “Mega Power DC” launched; available from February 13, 2026 Modular Data Center Mega Power DC Containerized Data Center Low cost, fast deployment - without construction hurdles Integrated Energy Storage Syst

  82. Slide 82: Mega Power DC: Technologies Supporting Stable Operations

    Business Overview > Modular Data Center Mega Power DC: Technologies Supporting Stable Operations Space-Efficient Design ESS Integration & DC-Ready Closed-Loop Liquid Cooling for High Efficiency and Stability As server performance and rack power densities continue to increase, data centers require mo

  83. Slide 83: Mega Power DC Scalability and Flexibility

  84. Slide 84: Domestic TAM for Grid-Connected Storage Batteries

    n n

  85. Slide 85: Domestic Market Size (TAM) for Grid-Connected Storage Batteries

  86. Slide 86: TAM Calculation Method (1/2)

  87. Slide 87: TAM Calculation Method (2/2)

  88. Slide 88: AI Data Center Demand Growth

    64 59 51 48 36 39 25 26 13 13

  89. Slide 89: Declining Birthrate, Aging Population, and Worsening Labor Shortage

  90. Slide 90: AI Data Center Demand Growth

  91. Slide 91: 務 の の の の の の の の の の の の の

    務 の の の の の の の の の の の の の 楽 の の ⾨ の の の 転 の の

  92. Slide 92: Where AI Delivers Most: Critical Infrastructure

  93. Slide 93: • • • • • • • • •

    • • • • • • • • •

  94. Slide 94: Japan's AI Computing Gap: Over 100x Behind the U.S.

  95. Slide 95: IT Investment and AI Computing: Dependency vs. Autonomy

  96. Slide 96: Stranded Renewables: Generation Potential vs. Grid Constraints

  97. Slide 97: Data Center Operations During Power Shortages: Oversea Cases

    ≈

  98. Slide 98: Overseas Cases

  99. Slide 99: • • • •

    • • • •

  100. Slide 100: Advancing Data Center Deployment: The Future of Data Centers

    • • • • • • • • •

  101. Slide 101: Slide 101

  102. Slide 102: Data Center x BESS: Grid Connection Flexibility

    • •

  103. Slide 103: Data Centers x Battery Storage: Flexible Grid Interconnection

  104. Slide 104: Japan's Power Grid and Power Quality

  105. Slide 105: What Is the Balancing Market?

  106. Slide 106: Data Centers x BESS: Balancing Contribution and Compensation

  107. Slide 107: Competitive Advantages

  108. Slide 108: FY2024-2025 Results: Grid-Scale Battery Subsidy Program

  109. Slide 109: Competitors

  110. Slide 110: Slide 110

  111. Slide 111: Made in Japan Promise: JC-STAR Certification

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  112. Slide 112: Slide 112

  113. Slide 113: Track Record of BESS Deployments

    • • • •

  114. Slide 114: Slide 114

  115. Slide 115: Accelerating Deployment: 7x Productivity Improvement YoY

    提供元: Bing © GeoNames, Microsoft, Zenrin 提供元: Bing © GeoNames, Microsoft, Zenrin

  116. Slide 116: Mega Power: Deployment Examples

  117. Slide 117: Slide 117

  118. Slide 118: 썬썟썻쎉

    썬썟썻쎉

  119. Slide 119: • • •

    • • •

  120. Slide 120: ü ü ü ü • • •

    ü ü ü ü • • •

  121. Slide 121: Modular Data Center Differentiators

    • •

  122. Slide 122: Slide 122

  123. Slide 123: Mega Power DC: Regulatory Advantages of Containerized Data Centers

    ✕ ✕ ✕ ✕

  124. Slide 124: Slide 124

  125. Slide 125: •

    •

  126. Slide 126: Mega Power DC Value Proposition Summary

    • Ø Ø Ø Ø Ø Ø Ø Ø Ø Ø

  127. Slide 127: Co-location with Large-scale Power Plant

  128. Slide 128: Co-location with Battery Power Plant / Renewables

  129. Slide 129: Co-location with Battery Power Plant / Renewables

  130. Slide 130: Co-location with Edge Sites

  131. Slide 131: Slide 131

  132. Slide 132: •

    •

  133. Slide 133: Thank You

PowerX — Q2 2026 Earnings Presentation on 6ix