Cac Holdings Corporation · TSE:4725

Cac — Q3 2025 Earnings Presentation

28 slides from Cac's earnings presentation, Nov 13, 2025

  1. Slide 1: Consolidated Financial Results for the 3rd quarter FY2025

    Consolidated Financial Results for the ３ｒｄ quarter FY202５ － January to September 202５－

  2. Slide 2: Agenda

    Agenda Executive Summary 1. Overview of Financial Results for the 3rd quarter FY2025 2. Revision to Full-Year Earnings Forecast and Future Initiatives 3. Reference

  3. Slide 3: Executive Summary

    Executive Summary Net sales, Operating Revised full-year income, and No change in dividend 01 Adjusted EBITDA all 0２ earnings forecast 03 forecast downward decreased Initial forecast Revised forecast Annual dividend FY2025 Q3 Results Net sales ¥100 (+¥10 YoY) Net sales 58billion 50billion 37.6billio

  4. Slide 4: Overview of Financial Results for the 3rd quarter FY2025

    1 Overview of Financial Results for the ３ｒｄ quarter FY202５

  5. Slide 5: Overview of Consolidated Results

    Overview of Consolidated Results YoY change 3rd quarter 3rd quarter ▍Overview of profit and loss (JPY mil) FY202４ FY202５ Amount %  Net sales decreased despite the contribution from newly consolidated Net sales 39,145 37,632 (1,513) (3.9%) subsidiaries, mainly due to factors such as the internalizat

  6. Slide 6: Net sales / Adjusted EBITDA by Segment

    Net sales / Adjusted EBITDA by Segment ▍Net sales For details, please refer to Overview by Segment. 3rd quarter FY202４ 3rd quarter FY202５ YoY change (JPY mil) Amount % Amount % Amount % Domestic IT 29,265 74.8% 28,006 74.4% (1,258) (4.3%) Overseas IT 9,880 25.2% 9,625 25.6% (255) (2.6%) Total 39,145

  7. Slide 7: Net sales decreased by ¥1.51 billion year on year

    Net sales decreased by ¥1.51 billion year on year, mainly due to the impact of internalization by major customers. JPY 100 mil 4.0 391.4 ▲ 16.6 ▲ 2.6 376.3 currency impact Domestic IT▲12.6 ▲2.9 Domestic IT 2024年3Q 3Q 国内IT 国内IT(既存） Domestic IT 海外IT IT Overseas 2025年3Q 3Q (acquired through FY2024 （昨年度

  8. Slide 8: Adjusted EBITDA down ¥0.11 billion YoY

    Adjusted EBITDA down ¥0.11 billion YoY, due to lower revenue and continued investment to strengthen growth foundation. JPY 100 mil 0.9 0.9 ▲ 0.9 33.0 0.4 currency impact ▲ 2.4 31.9 ▲0.2 Decrease in Human Capital 2024年3Q 3Q M＆A関連費用 New昨年度M＆A consolidation 減収影響 impact of lower 新規事業開発・ その他 2025年3Q 3Q M

  9. Slide 9: Orders received / Order backlog by Segment

    Orders received / Order backlog by Segment ▍Orders received For details, please refer to Overview by Segment. 3rd quarter FY202４ 3rd quarter FY202５ YoY change (JPY mil) Amount % Amount % Amount % Domestic IT 28,427 74.5% 28,506 79.3% +78 +0.3% Overseas IT 9,743 25.5% 7,451 20.7% (2,291) (23.5%) Tota

  10. Slide 10: Trends in Order received and Order backlog

    Trends in Order received and Order backlog  Both orders received and order backlog remained at the same level as the previous year. JPY 100 mil Orders受注高推移 received (Trend) Orders backlog （Trend） 250 国内IT計 海外IT計 海外IT計 200 173 176 209 209 168 202 162 200 186 184 148 179 180 179 175 150 138 168 168 1

  11. Slide 11: Revision to Full-Year Earnings Forecast and Future Initiatives

    ２ Revision to Full-Year Earnings Forecast and Future Initiatives

  12. Slide 12: FY2025 Full-Year Earnings Forecast, ROE and Equity spread

    FY2025 Full-Year Earnings Forecast ROE・Equity spread  The Company revised its full-year earnings forecast for the fiscal year ending December 2025, which was announced on February 13, 2025, while maintaining its forecasts for ROE and Equity spread. FY2025 FY2024 Initial Latest forecast Change Full-

  13. Slide 13: Full-year net sales forecast revised downward to ¥50 billion

    Comparison with Initial The full-year forecast has been revised downward to Forecast: Net Sales ¥50 billion.  Full-year net sales are expected to decline, reflecting the impact of internalization by certain major customers and the absence of contribution from newly acquired subsidiaries during the

  14. Slide 14: Net sales expected to decrease by ¥2.0 billion year on year

    Year-on-Year Comparison: Net Sales Net sales are expected to decrease by ¥2.0 billion year on year.  In the Domestic IT segment, the main factor was the impact of internalization by major customers.  The contribution to net sales from newly consolidated subsidiaries resulting from M&A is expected

  15. Slide 15: Adjusted EBITDA forecast revised downward to ¥3.8 billion

    Comparison with Initial The full-year forecast has been revised downward to Forecast: Adjusted EBITDA ¥3.8 billion.  As net sales in both domestic and overseas operations are expected to fall short of the initial assumptions, the Company has revised its full-year forecast for adjusted EBITDA downwa

  16. Slide 16: Adjusted EBITDA expected to decrease by ¥0.7 billion year on year

    Year-on-Year Comparison: Adjusted EBITDA is expected to decrease by ¥0.7 billion Adjusted EBITDA year on year.  Adjusted EBITDA is expected to decline year on year due to the impact of lower revenue, continued investments to strengthen the growth foundation, and an increase in M&A-related expenses.

  17. Slide 17: No change in the dividend forecast for 2025

    No change in the dividend forecast for 2025  The Company will continue to maintain a DOE level of 5% and aims to provide stable and sustainable dividends. For 2025, an annual dividend of ¥100 is planned, representing a ¥10 increase from the previous year. 1株当たり配当金（円） DOE（％） DOE（％） 6.0% 140 Maintain

  18. Slide 18: Reference

    ３ Reference

  19. Slide 19: Trend in Net Sales of P&S (Products and Services)

    Trend in Net Sales of P&S (Products and Services)  In the Product & Service Business, overseas operations have also begun to expand and are showing steady progress. 81 (JPY 100 mil) 20 66 60 FY2025 Targets 50 21 17 21 15 22 21 Q4 Q3 13 17 Q2 19 23 Q1 10 2022年度 FY2022 2023年度 FY2023 2024年度 FY2024 202

  20. Slide 20: Medium-Term Plan Initiatives – Status of Growth Investments

    Medium-Term Plan Initiatives – Status of Growth Investments  Approximately ¥10.1 billion has been spent from 2022 through the third quarter of 2025. Source of Actual Investment Actual Investment Budget Remaining investment Until Year-end of 2024 (Jan–Sep 2025) total total Human Capital 1.8 Cash 6.5

  21. Slide 21: Net sales / Operating profit by Segment

    (Reference) Net sales / Operating profit by Segment ▍Net sales 3rd quarter FY202４ 3rd quarter FY202５ YoY change (JPY mil) Amount % Amount % Amount % Domestic IT 29,265 74.8% 28,006 74.4% (1,258) (4.3%) Overseas IT 9,880 25.2% 9,625 25.6% (255) (2.6%) Total 39,145 100.0% 37,632 100.0% (1,513) (3.9%)

  22. Slide 22: Overview by Segment: Domestic IT

    Overview by Segment: Domestic IT 3rd quarter 3rd quarter (JPY mil) FY202４ FY202５ YoY change ▍Summary  Although there was a contribution 28,506 Orders 28,427 +78 +0.3% from newly consolidated subsidiaries received that joined the Group through M&A in the previous year, net sales slightly decreased d

  23. Slide 23: Overview by Segment: Overseas IT

    Overview by Segment: Overseas IT 3rd quarter 3rd quarter (JPY mil) FY202４ FY202５ YoY change ▍Summary  Orders received decreased due to 7,451 Orders 9,743 (2,291) (23.5%) lower orders, mainly from service received industry clients, at the Indian subsidiary.  Net sales slightly declined due to the i

  24. Slide 24: Orders received by Industry

    Orders received by Industry 3rd quarter FY202４ 3rd quarter FY202５ YoY change (JPY mil) Amount % Amount % Amount % Financial services 13,332 34.9% 12,490 34.7% (841) (6.3%) Pharmaceuticals 6,388 16.7% 4,617 12.8% (1,770) (27.7%) Manufacturing 5,937 15.6% 7,324 20.4% +1,386 +23.4% 4,957 13.8% Informat

  25. Slide 25: Net sales by Industry

    Net sales by Industry 3rd quarter FY202４ 3rd quarter FY202５ YoY change (JPY mil) Amount % Amount % Amount % Financial services 13,354 34.1% 13,289 35.3% (65) (0.5%) Pharmaceuticals 6,572 16.8% 4,902 13.0% (1,669) (25.4%) Manufacturing 5,922 15.1% 6,498 17.3% +576 +9.7% 5,802 15.4% Information & comm

  26. Slide 26: Orders received by Segment & Industry

    Orders received by Segment & Industry 3rd quarter FY202４ 3rd quarter FY202５ YoY change (JPY mil) Amount % Amount % Amount % Domestic IT 28,427 74.4% 28,506 79.2% +78 +0.3% Financial services 9,320 24.4% 8,826 24.5% (494) (5.3%) Pharmaceuticals 5,800 15.2% 4,341 12.1% (1,459) (25.2%) Manufacturing 4,

  27. Slide 27: Net sales by Segment & Industry

    Net sales by Segment & Industry 3rd quarter FY202４ 3rd quarter FY202５ YoY change (JPY mil) Amount % Amount % Amount % Domestic IT 29,265 74.8% 28,006 74.4% (1,258) (4.3%) Financial services 9,858 25.2% 9,247 24.5% (610) (6.2%) Pharmaceuticals 5,899 15.1% 4,631 12.3% (1,268) (21.5%) Manufacturing 4,8

  28. Slide 28: Contact

    Contact IR Group Financial Strategy Dept Tel: ＋81-3-6667-8070 E-mail: prir@cac.co.jp https://www.cac-holdings.com/eng/

CAC Holdings — Q3 2025 Earnings Presentation on 6ix