Slide 1: Results Briefing Material for FY2025
Securities Code：6268 February 19, 2026 The forecast data presented herein reflects assumed results based on conditions that are subject to change. Nabtesco Corporation does not make representations as to, or warrant, in whole or in part, the attainment or realization of any of the forecasted results
Slide 2: Preconditions for today's briefing
Preconditions for the today’s briefing As the Company announced on July 31, 2025, in the "Notice Concerning the Company Split (Simplified Absorption-Type Company Split) of the Hydraulic Equipment Business and the Execution of the Share Purchase Agreement and the Shareholders’ Agreement with Comer In
Slide 3: Agenda
Agenda 1. For the Midium- to Long-Term Growth Kazumasa Kimura, CEO 2. Financial Result and Forecast Hiroshi Usui, Managing Executive Officer, Corporate Planning, Accounting & Finance, Information System, and Corporate Communication dept. 3. Appendices © Nabtesco 2
Slide 4: 1. For the Medium- to Long-Term Growth
Agenda 1. For the Midium- to Long-Term Growth Kazumasa Kimura, CEO © Nabtesco 3
Slide 5: Business Operation Plan for 2026 to Achieve Medium- to Long-Term Growth
1-1. Business Operation Plan for 2026 to Achieve Midum- to Long-Term Growth Accelerating Accelerating growth of the CMP business after the Growth of CMP hydraulic equipment business split Improving Project 10; Aimimg to achieve in 2027 profitability Strengthening Building a portfolio that secures st
Slide 6: Accelerating growth of CMP: lineup and area map until 2025
1-2. Accelerating growth of CMP | Expansion of the lineup, area map until 2025 ■Secured high market share mainly for welding and painting industrial robots with a payload of 20 kg or more Payload 6 < 20kg 20 < 80kg 80 < 230 kg 230kg < Two‐stage reduction structure with planocentric mechanism. High
Slide 7: Accelerating growth of CMP: lineup and area map 2026 onwards
1-2. Accelerating growth of CMP | Expansion of the lineup, area map 2026 onwards ■Expand sales by proposing a 6-axis set solution including wrist axis for small robots under 20 kg payload and aiming to enter collaboration robot(Cobot) and humanoid markets Payload 6 < 20kg 20 < 80kg 80 < 230 kg 230kg
Slide 8: Developed and launched new products, RVmini/Monocrank
Developed and launched new products, RVmini/Monocrank, a small reduction gears © Nabtesco 7
Slide 9: Improving profitability
1-3. Improving profitability ■Operating profit margins have steadily improved since 2024 which started Project 10 program. We aim to achieve an operating profit margin of 10% and more in 2027 through the implementation of profit margin improvement measures by CMP and ACB. Operating Profit Margine Tr
Slide 10: Strengthening Business Portfolio
1-4. Strengthening Business Portfolio ■Building a portfolio that secures stable earnings based on MRO and expands sales and profit in growth markets 2025 Results: Downsize the Portfolio（Selection) • Company split of hydraulic equipment business and transfer of the shares to the best owner • Sold an
Slide 11: Growth Strategies for Marine Vessel Equipment and Aircraft Equipment
1-5. Growth Strategies for Marine Vessel Equipment and Aircraft Equipment < Marine >Enhance capacity in response to the expading demand < Aircraft > In addition to expanding the market, aiming to further for marine vessel equipment, and aim for further growth through growth to invest in R&D intentin
Slide 12: 2. Financial Result and Forecast
Agenda 2. Financial Result and Forecast Hiroshi Usui, Managing Executive Officer, Corporate Planning, Accounting & Finance, Information System, and Corporate Communication dept. © Nabtesco 11
Slide 13: Summary for FY2025/12 Results and FY2026/12 Forecast
2. Summary for FY2025/12 Results and FY2026/12 Forecast FY2025/12 Result FY2026/12 Forecast From Results YoY Forecast YoY Plan Sales 307.9 billion yen +10% +2% Sales 327.0 billion yen +6% Operating Profit 20.7 billion yen +60% -0% Operating Profit 27.7 billion yen +34% OPM 6.7% +2.1pt -0.2pt OPM 8.5
Slide 14: Results for FY2025/12
2-1. Results for FY2025/12 © Nabtesco 13
Slide 15: Consolidated results for FY2025/12
2-1-1. Consolidated results for FY2025/12 ■Increase in sales and profit compared to the previous year 2024/12 2025/12 YoY YoY 2025/12 Variance Variance from from (JPY billion) Result Result Variance Variance(%) Plan plan plan(%) (A) (B) （B-A) （B/A-1) (C) （B-C) （B/C-1) Sales 280.5 307.9 27.5 10% 300.
Slide 16: Consolidated results for FY2025/12 (by segment)
2-1-2. Consolidated results for FY2025/12 (by segment) 2024/12 2025/12 YoY YoY 2025/12 Variance Variance (JPY billion) Result Result Variance Variance(%) Plan from plan from plan(%) (A) (B) (B-A） (B/A-1） (C) (B-C） (B/C-1） Sales 67.6 79.3 11.7 17% 79.0 0.3 0% Component Solutions O.P. 2.7 5.4 2.8 103%
Slide 17: Analysis of Changes in Sales and Operating Profit
2-1-3. Analysis of Changes in Sales and Operating Profit - Results for FY2025/12 - Sales ■Sales increased due to favourable demand for precision reducers, marine vessel equipment, Billion yen railroad vehicle equipment, and domestic automatic doors 320 3.9 0.1 295 11.7 Packaging machine 11.7 FOREX +
Slide 18: Balance sheet as of the end of FY2025/12
2-1-4. Balance sheet - as of the end of FY2025/12 ■Items related to assets and liabilities held for the purpose of sale were added due to the comapny split of the hydraulic equipment business. End of FY2024/12 End of FY2025/12 (JPY billion) Variance As of Dec. 31, 2024 As of Dec. 31, 2025 Assets 445
Slide 19: Forecast for FY2026/12
2-2. Forecast for FY2026/12 © Nabtesco 18
Slide 20: Consolidated full-year forecast for FY2026
2-2-1. Consolidated full-year forecast for FY2026 ■Prospect of steadily accumulating profits with increasing sales and profits 2025/12 2026/12 YoY YoY (JPY billion) Result Result Variance Variance(%) (A) (B) （B-A) （B/A-1) Sales 307.9 327.0 19.1 6% Operating Profit 20.7 27.7 7.0 34% (OPM) 6.7% 8.5% 1
Slide 21: Business Environment
2-2-2. Business Environment (Unit: billion yen) 2026/12 YoY Segments Market Environment Forecast Variance Sales 88.6 9.3 Component Demand for industrial robots and general industry market are expected to Operating Solutions recover from the second half of the year due to movements in automobile- 7.0
Slide 22: Analysis of Changes in Sales and Operating Profit: FY2026 Forecast
2-2-3. Analysis of Changes in Sales and Operating profit - FY2026/12 Forecast - Sales ■Demand for precision reducution gears, aircraft equipment and marine vessel equipment billion yen are expected to increase due to strong demand 350.0 330.0 0.1 2.6 7.1 310.0 9.3 Packaging Railroad -1.4 billion yen
Slide 23: CMP Segment Results - FY2026/12
2-2-4. CMP Segment Results - FY2026/12 - ▍Segment results (YoY) YoY Sales increase O.P. increase [2025 results] Business Results Sales (billion yen) 88.6 [Industrial robots] Finished inventory levels for industrial robots are 79.3 optimized. Precision Increased sales due to investment projects led b
Slide 24: Precision Reduction Gears Order/Production Capacity
2-2-4. Precision Reduction Gears Order/Production Capacity ■2025/Q4 orders recover for the four consecutive quarters. It is expected to be the highest order amount ever received during FY2025. Order intake for Precision reduction gears Production Capacity and Utilization Ratio 500 ■Production capaci
Slide 25: TRS Segment Results - FY2026/12
2-2-5. TRS Segment Results - FY2026/12 - ▍ Segment results (YoY) YoY Sales increase O.P. increase [2025 results] Business Results Sales (billion yen) Strong demand for new vehicles and MRO in Japan and overseas 107.6 Railroad Vehicle led to an increase in sales 100.5 Aircraft Railroad Vehicle 88.7 I
Slide 26: ACB Segment Results - FY2026/12
2-2-6. ACB Segment Results - FY2026/12- YoY Sales steady ▍Segment results (YoY) O.P. increase [2025 results] Business Result Sales (billion yen) 110.7 110.8 【Japan】Revenue increased due to strong redevelopment 106.8 Automatic door projects for new building doors and MRO 【Overseas】Demand for building
Slide 27: MFR Segment Results - FY2026/12
2-2-7. MFR Segment Results - FY2026/12- YoY Sales increase O.P. increase ▍Segment results (YoY) [2025 results] Sales (billion yen) Business Result 20.0 Equipment renewal at Japanese food manufacturers is strong, Packing but demand for capital investment overseas has stagnated, 17.3 17.4 Machine resu
Slide 28: Cash Allocation
2-2-8. Cash Allocation ■Progress based on the cash allocation plan of the medium-term management plan. 160 billion yen Implemented steady growth investment continuously. Growth Investment, etc. Shareholder Returns (billion yen) 【CAPEX】 Approximately 30 ■Invest mainly in renewing aging billion yen~ e
Slide 29: Shareholder Returns
2-2-9. Shareholder Returns Shareholder Return Policy Approximately DOE3.5% with stable dividend and share buyback in accordance of financial condition Annual dividend amount per share (yen) 5.0% 90 3.8% 3.8% 4.0% 3.6% 3.5% 3.6% 85 3.0% 82 80 80 80 80 78 2.0% 75 1.0% 70 0.0% 65 2022 2023 2024 2025 (p
Slide 30: Appendices
© Nabtesco Appendices Nabtesco 29
Slide 31: 2025 Restructuring business unit, split, sale and withdraw
2025 Restructuring business unit, split, sale and withdraw Maintenance and Growth driver improvement of profitability Development and Rebuilding selection Split of hydraulic equipment Sale of European subsidiary in Withdrawal from the overseas Railroad vehicle equipment platform door business Jul. 2
Slide 32: Deep Sea Technology Inc. Incurred Impairment Loss
Deep Sea Technology Inc. Incurred Impairment Loss Applied business unit : TRS segment (Marine Vessel Equipment) Outline：Deep Sea Technologies Singel Member Private Company（Location：Athens, Greece, Estabilished in 2017, Number of Employees 90） Provision of AI-based solution services for marine vessel
Slide 33: CMP Benefit Analysis
CMP Benefit Analysis Strive to improve productivity and continue to pass on prices Change in CMP Profitability 9.0% 1.3% 7.9% 8.0% 0.0% 2.5% 6.8% 0.6% -0.2% 7.0% 0.1% 0.1% -0.7% -0.6% 6.0% 1.3% 0.5% 5.0% 3.9% -0.6% 4.0% 3.0% 2.0% 1.0% 0.0% Price pass through Cost reduction Depreciation 2025/12 Inf
Slide 34: Operating Profit Analysis
Operating Profit Analysis 2024→2025 billion yen 25.0 2.7 1.3 20.0 1.7 0.1 1.4 15.0 6.8 0.2 10.0 20.7 5.0 12.9 0.0 2024/12 FOREX Sales increase Price pass through R&D Depreciation Special factors Project 10 and 2025/12 Result others Result 2025→ 2026 billion yen 30.0 2.0 0.1 0.4 0.8 25.0 5.0 20.0 0.3
Slide 35: Cash Flow
Cash Flow billion yen 120 103.5 100 80 67.1 60 38.4 36.3 20.9 34.2 32.8 40 26.7 18.3 13.2 20 23.5 11.2 17.1 7.7 0 -2.1 -20 -10.7 -15.7 -20.1 -35.1 -40 -28.7 -60 -46.3 Operating Cash Flow Investment Cash Flow Free Cash Flow 2019/12 2020/12 2021/12 2022/12 2023/12 2024/12 2025/12 © Nabtesco 34
Slide 36: CAPEX, R&D expenses and depreciation expenses
CAPEX, R&D expenses and depreciation expenses ■Main capital investment is for the Hamamatsu plant for precision reducers in 2025 FY2025/12 FY2026/12 Year-on-year (Unit: billion yen) results Forecast (B-A) (A) (B) CAPEX 10.1 12.5 2.4 R&D Expenses 12.6 12.7 0.1 Depreciation 16.4 16.8 0.4 HQ CAPEX by s
Slide 37: Sales composition ratio by region
Sales composition ratio by region FY2024/12 Results FY2025/12 Results Other 0.7% Other 1.0% (3.2 billion yen) (1.9 billion yen) Europe 21.6% Europe 19.4% (60.5 billion yen) (59.7 billion yen) 307.9 North America 8.9% North America 9.2% 280.5 Japan 50.6% (27.5 billion yen) Japan 50.4% billion yen (15
Slide 38: FOREX
FOREX ■Exchange rate 2024/12 2025/12 2026/12 (Unit: yen) Full-year results Full-year results Outlook USD 152.24 149.78 145.00 RMB 21.28 20.94 20.50 EUR 164.36 169.53 170.00 CHF 172.70 181.13 185.00 ■Exchange rate sensitivity (amount of impact when the exchange rate fluctuates by 1 yen) 2025/12 2026/
Slide 39: Component Solutions and Transport Solutions Segments
Component Solutions Segment (CMP) 138.1 140.6 138.1 Sales (billion yen) 119.3 113.8 109.9 107.2 Precision 88.6 Reduction Gears 82.4 77.5 89.7 79.3 91.6 65.8 55.8 67.6 Hydraulic 72.6 54.9 Equipment 53.0 Others 78.6 88.2 60.6 66.9 53.4 52.2 54.0 51.0 46.5 27.5 41.3 2.0 0.7 0.7 0.4 2016/12 2017/12 2018
Slide 40: Accessibility Solutions and Manufacturing Solutions Segments
Accessibility Solutions Segment (ACB) 106.8 110.7 110.8 Sales (billion yen) 96.3 76.0 80.0 78.6 72.4 73.7 75.1 64.6 Automatic 106.8 110.7 110.8 96.3 Doors 72.4 76.0 80.0 73.7 75.1 78.6 64.6 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12 2022/12 2023/12 2024/12 2025/12 2026/12 Result Result Result R
Slide 41: Main Products: Component Solutions Segment (CMP)
Main Products: Component Solutions Segment (CMP) The market share is estimated by Nabtesco Precision Reduction Gears ■Joints of Medium and Large Size Industrial No.1 Others Nabtesco Robots 60％ Approx. 60％ world market share Example of non robotics usage Medical industry Food industry Communication L
Slide 42: Main Products: Transport Solutions Segment (TRS)
Main Products: Transport Solutions Segment (TRS) The market share is estimated by Nabtesco Railroad Vehicle Equipment Others No.1 Approx. 50％ Domestic Market Share Brake Systems Nabtesco 50％ ■Door Operating Systems Others No.1 Nabtesco 60％ Approx. 60％ Domestic Market Share Aircraft Equipment No.1 ■
Slide 43: Main Products: Transport Solutions Segment (TRS)
Main Products: Transport Solutions Segment (TRS) The market share is estimated by Nabtesco Commercial Vehicle Equipment Others ■ Wedge Chambers Nabtesco 80％ No.1 Approx. 80％ Domestic Market Share Others ■ Air Dryers Nabtesco 60％ No.1 Approx. 60％ Domestic Market Share Marine Vessel Equipment Others ■
Slide 44: Main Products: Accessibility and Manufacturing Solutions Segments
Main Products: Accessibility Solutions Segment (ACB) The market share is estimated by Nabtesco Automatic Doors ■Automatic Doors Others No.1 Nabtesco Approx. 60％ 60％ market share for building automatic doors in Japan (top share in the world) Main Customers Automatic Doors for buildings: Major general
Slide 45: Business Performance Trends by Quarter (FY2025 results)
Business Performance Trends by Quarter (FY2025 results) 2025/12 (JPY billion) Q1（Jan. to Mar.） Q2（Apr. to Jun.） Q3（Jul. to Sep.） Q4（Oct. to Dec.） Component Sales 17.4 19.4 20.7 21.8 Solutions O.P. 0.4 1.5 2.0 1.5 Segment (CMP) (O.P.M) 2.3% 7.5% 9.9% 7.0% Transport Sales 21.9 24.6 25.0 28.9 Solutions