Azbil Corporation · TSE:6845
Azbil — H1 FY2026 Earnings Presentation
45 slides from Azbil's earnings presentation, Nov 10, 2026
Slide 1: Presentation Materials for the Second Quarter of Fiscal Year 2026
Presentation Materials for the Second Quarter of Fiscal Year 2026 (Ending March 31, 2027) (Based on IFRS) November 10, 2026 Azbil Corporation RIC: 6845.T, Sedol: 6985543 © Azbil Corporation. All rights reserved.
Slide 2: Contents
Contents 1. Consolidated Financial Results for the First Half of FY2026 4 2. Consolidated Financial Plan for FY2026 13 3. Returning Profits to Shareholders 18 4. Progress in Implementing the Medium-term Plan 23 5. Exhibition Participation 31 Appendix 33 Notes 42 Impact of the Middle East situation o
Slide 3: Highlights
Highlights 1. Consolidated Financial Results for the First Half of FY2026 Orders received and revenue both increased overall, with all 3 segments achieving growth, especially the BA and AA businesses. Revenue exceeded the plan. Despite increases in expenses, business profit was higher than the sam
Slide 4: 1. Consolidated Financial Results for the First Half of FY2026
1. Consolidated Financial Results for the First Half of FY2026 4 © Azbil Corporation. All rights reserved.
Slide 5: Consolidated Financial Results
1. Consolidated Financial Results for the First Half of FY2026 Consolidated Financial Results Orders received and revenue both increased overall, with all 3 segments achieving growth, especially the BA and AA businesses. Revenue exceeded the plan. Despite increases in expenses, business profit was h
Slide 6: Financial Results by Segment
1. Consolidated Financial Results for the First Half of FY2026 Financial Results by Segment ■ BA: Orders received grew significantly compared to the same period of FY2025, thanks to growth across all fields. Revenue was higher than （Billions of yen） the same period of FY2025, exceeding the plan, tha
Slide 7: Segment Information: BA Business
1. Consolidated Financial Results for the First Half of FY2026 Segment Information: BA Business Business environment ― In the domestic market, demand for new office buildings in urban redevelopment projects has remained strong and is expected to continue at a high level. Demand for the retrofit of b
Slide 8: Segment Information: AA Business
1. Consolidated Financial Results for the First Half of FY2026 Segment Information: AA Business Business environment ― In the process automation (PA) markets demand for maintenance and retrofits, in Japan and overseas, remained firm. ― The factory automation (FA) markets continued to recover, mainly
Slide 9: Segment Information: LA Business
1. Consolidated Financial Results for the First Half of FY2026 Segment Information: LA Business Business environment ― In the Lifeline field for gas and water meters, sales partly depend on the LP gas meter market, which exhibits cyclical fluctuations in demand. However, demand centering on city gas
Slide 10: Overseas Revenue By Region
1. Consolidated Financial Results for the First Half of FY2026 Overseas Revenue By Region Revenue grew by 17.8% compared to the same period of FY2025, mainly due to growth achieved by both the BA and AA businesses in the Asian region. The overseas revenue ratio was 19.6%. BA business revenue inc
Slide 11: Consolidated Financial Position
1. Consolidated Financial Results for the First Half of FY2026 Consolidated Financial Position (Billions of yen) Assets: Total assets decreased primarily due to As of Mar. 31, 2026 As of Sep. 30, 2026 Difference As of Mar. 31, 2026 As of Sep. 30, 2026 Difference a decline in trade and other receiv
Slide 12: Consolidated Cash Flows
1. Consolidated Financial Results for the First Half of FY2026 Consolidated Cash Flows (Billions of yen) Cash flow from operating activities declined as a FY2025 FY2026 Difference result of inventories increasing with a rise in (A) *1 (B) (B) - (A) % Change orders received. Net cash used in invest
Slide 13: 2. Consolidated Financial Plan for FY2026
2. Consolidated Financial Plan for FY2026 —Revised upwards from the initial plan announced on May 13, 2026 • In preparing the consolidated financial plan for FY2026 (ending March 31, 2027), we have taken into account those impacts that could be ascertained at the time of preparation. While the effec
Slide 14: Consolidated Financial Plan
2. Consolidated Financial Plan for FY2026 Consolidated Financial Plan H1 orders received grew significantly, up 26.6% on the same period of FY2025. Both revenue and business profit were higher than the same period of FY2025, and both exceeded the initial plan. Based on H1 financial results and t
Slide 15: Financial Plan by Segment (1)
2. Consolidated Financial Plan for FY2026 Financial Plan by Segment (1) ■ BA: Full-year revenue has been revised upward against a backdrop of robust market conditions, although some revenue was recorded ahead of schedule in the first half. Segment profit is expected to achieve the initial plan as a
Slide 16: Financial Plan by Segment (2)
2. Consolidated Financial Plan for FY2026 Financial Plan by Segment (2) BA Full-year revenue has been revised upward against a backdrop of robust market conditions, although some revenue was recorded ahead of schedule in the first half. Segment profit is expected to achieve the initial plan as a res
Slide 17: Financial Plan by Segment (supplement): Quarterly Performance
2. Consolidated Financial Plan for FY2026 Financial Plan by Segment (supplement): Quarterly Performance In Q2 (3 months), both the BA and AA businesses made steady progress in converting order backlogs into revenue and recorded a segment profit. BA Q2 revenue rose 15% compared to the same period o
Slide 18: 3. Returning Profits to Shareholders
3. Returning Profits to Shareholders →Plan for additional purchase of own stock & cancellation of treasury shares. No change to the initial dividend plan (announced on May 13, 2026) Basic Policy Developing a disciplined capital management and maintaining and enhancing the azbil Group’s enterprise va
Slide 19: FY2026 Dividend, Repurchase of Own Stock and Cancellation of Treasury Shares
3. Returning Profits to Shareholders FY2026 Dividend, Repurchase of Own Stock and Cancellation of Treasury Shares The FY2026 interim dividend will be increased as planned, and a commemorative dividend will be issued at the same time. From the perspective of disciplined capital management, we plan to
Slide 20: FY2026 Dividend
3. Returning Profits to Shareholders FY2026 Dividend As announced, the ordinary interim dividend will be increased by 6 yen, and a 120th anniversary FY2026 interim commemorative dividend of 12 yen will be issued at the same time. dividend We plan an annual dividend of 50 yen per share. DOE will rise
Slide 21: FY2026 Repurchase of Own Stock and Cancellation of Treasury Shares
3. Returning Profits to Shareholders FY2026 Repurchase of Own Stock and Cancellation of Treasury Shares Additional repurchase of own stock and The Company newly plans additional repurchase of own stock worth 15.0 billion yen. cancellation of treasury shares The Company also plans cancellation of all
Slide 22: Trend of Shareholder Returns
3. Returning Profits to Shareholders Trend of Shareholder Returns In FY2026, in addition to increasing the ordinary dividend for the 12th consecutive year, we plan to issue a commemorative dividend (making a combined annual dividend of 50 yen per share, which will be 18 yen higher than FY2025). In
Slide 23: 4. Progress in Implementing the Medium-term Plan
4. Progress in Implementing the Medium-term Plan 23 © Azbil Corporation. All rights reserved.
Slide 24: Progress in Implementing Medium-term Plan (FY2025–FY2027)
4. Progress in Implementing the Medium-term Plan Progress in Implementing Medium-term Plan (FY2025–FY2027) Under the current medium-term plan, whose key theme is Evolution and Co-creation, and employing the azbil Group’s Long-term unique business model, we will actively make necessary investments
Slide 25: The azbil Group's Unique Business Model
4. Progress in Implementing the Medium-term Plan The azbil Group’s Unique Business Model In our growth businesses, we will enlarge our customer base, while in our core businesses we will improve sustainability and profitability. By continually cycling from growth businesses to core businesses and ba
Slide 26: Initiatives for Continuous Revenue Expansion and Strengthened Business Profitability
4. Progress in Implementing the Medium-term Plan Initiatives for Continuous Revenue Expansion and Strengthened Business Profitability Leveraging the azbil Group’s unique business model, we aim to expand the customer base with our growth businesses and improve sustainability and profitability with
Slide 27: Growth in Overseas Markets
4. Progress in Implementing the Medium-term Plan Growth in Overseas Markets We will expand business by strengthening our business foundation overseas, identifying opportunities and markets in each region and providing appropriate solutions, matched with the characteristics and strengths of each bu
Slide 28: Progress with Investments, Collaboration, and Measures to Strengthen the Business Model (1)
4. Progress in Implementing the Medium-term Plan Progress with Investments, Collaboration, and Measures to Strengthen the Business Model (1) ● Three key areas for investment: progress and plans ● Investments and collaboration for business development To enhance the azbil Group’s unique business mode
Slide 29: Progress with Investments, Collaboration, and Measures to Strengthen the Business Model (2)
4. Progress in Implementing the Medium-term Plan Progress with Investments, Collaboration, and Measures to Strengthen the Business Model (2) Business and capital alliance with OTEC Collaboration with the DENSO Group × × Expanding the foundation for business growth in Accelerating growth by combining
Slide 30: Initiatives to Improve Capital Efficiency
4. Progress in Implementing the Medium-term Plan Initiatives to Improve Capital Efficiency At the same time as strengthening business profitability and making steady progress with growth investments, we will promote appropriate balance sheet management that is conscious of the cost of capital. Goi
Slide 31: 5. Exhibition Participation
5. Exhibition Participation 31 © Azbil Corporation. All rights reserved.
Slide 32: Introducing Automation Technologies and Products That Target Diverse Business Opportunities
5. Exhibition Participation Introducing Automation Technologies and Products That Target Diverse Business Opportunities in Japan and Overseas Showcasing products and services unique to the azbil Group at Measurement and Control Show NEXT 2026 various trade shows related to the BA, AA, and LA bus
Slide 33: Appendix
Appendix • Major Impact by Adopting IFRS 34 • Performance Trend by Segment 35 • How Seasonal Factors Affect the BA Business 37 • Capital Investment, Depreciation and Amortization, and R&D Expenses 38 • Corporate Governance 39 • The azbil Group’s Materiality and its Own SDG Targets 40 • Our Purpose a
Slide 34: Major Impact by Adopting IFRS
Appendix Major Impact by Adopting IFRS We voluntarily adopted International Financial Reporting Standards (IFRS), starting from the first half of FY2026. Accordingly, the financial plan for FY2026 is presented based on IFRS. Purpose of voluntary adoption To enhance our global business management t
Slide 35: Performance Trend by Segment: Orders Received and Order Backlog
Appendix Performance Trend by Segment: Orders Received and Order Backlog Orders received by segment Order backlog by segment (Billions of yen) (Billions of yen) 200.0 200.0 150.0 150.0 100.0 100.0 50.0 50.0 0.0 0.0 FY2024 * FY2024 * FY2025 FY2025 FY2026 FY2024 * FY2024 * FY2025 FY2025 FY2026 H1
Slide 36: Performance Trend by Segment: Revenue and Segment Profit
Appendix Performance Trend by Segment: Revenue and Segment Profit Revenue by segment Segment profit (business profit) (Billions of yen) (Billions of yen) (%) 200.0 30.0 25.0 25.0 20.0 150.0 20.0 15.0 100.0 15.0 10.0 10.0 50.0 5.0 5.0 0.0 0.0 0.0 FY2024 * FY2024 * FY2025 FY2025 FY2026 FY2024 * FY
Slide 37: How Seasonal Factors Affect the BA Business
Appendix How Seasonal Factors Affect the BA Business Revenue for the BA business tends to be low in the first quarter of the consolidated accounting period and highest in the fourth quarter. However, fixed costs are incurred constantly, which typically means that segment profit is relatively lower
Slide 38: Capital Investment, Depreciation and Amortization, and R&D Expenses
Appendix Capital Investment, Depreciation and Amortization, and R&D Expenses Capital investment, depreciation and amortization R&D expenses Full-year results/ H1 results for FY2026 Full-year plan for FY2026 (Billions of yen) (Billions of yen) (%) 15.0 15.0 6.0 12.5 12.5 5.0 10.0 10.0 4.0 7.5 7.5
Slide 39: Corporate Governance
Appendix Corporate Governance Aiming to further strengthen the independence and supervisory function of Board of Directors April 2022: Corporate Secretariat Office established as a dedicated secretariat for the Board of Directors. June 2022: Transitioned to a company with a three-committee boa
Slide 40: The azbil Group's Materiality and its Own SDG Targets
Appendix The azbil Group’s Materiality and its Own SDG Targets Materiality is identified from the perspective of sustainability and contributing “in series” to a sustainable society. In FY2026, we reviewed our materiality in light of changes in business opportunities and the formulation of our Pur
Slide 41: Our Purpose and Vision
Appendix Our Purpose and Vision azbil Group Way Purpose Shared values that unite our aspirations for the Group’s future This purpose expresses how we aim to drive the creation of new value on site with our customers— advancing “From efficiency to innovation. From impossible to possible.”—which is
Slide 42: Notes (1)
Notes (1) 1. The amounts have been rounded down. The figures for growth businesses and core businesses are approximate values based on internal calculations. 2. The following are the azbil Group’s segments (each identified by abbreviation) together with the various sub-segments and their principal b
Slide 43: Notes (2)
Notes (2) 4. Essential Goals of the azbil Group for the SDGs *1 3.40 million metric tons of CO2/year: The FY2030 emission factor from electricity generation is our own estimated value based on the Japanese government’s Energy Basic Plan in 2019. *2 GHG: Greenhouse gases (e.g., CO2) *3 Science-based
Slide 44: Notes (3)
Notes (3) 4. Essential Goals of the azbil Group for the SDGs *9 Increase the number of skilled professionals to a total of 1,800—triple the number in FY2021: Total number of qualified personnel including those who have acquired multiple professional skills (counted separately for this purpose) to ad
Slide 45: Expanding Technological Frontiers Unlocking Human Potential
Expanding Technological Frontiers Unlocking Human Potential Creating that instant of intense focus, effortless performance—the flow state that leads to successful outcomes. An environment that provides everything needed for that instant. Air quality, temperature, humidity, energy—when the environmen