Nec Corporation · TSE:6701

Nec — Nec Corp Unsp/Adr New — Q2 2026 Earnings Presentation

25 slides from Nec's earnings presentation, Oct 29, 2025

  1. Slide 1: Financial Results for Q2, Fiscal Year Ending March 31, 2026

    6701.T Financial Results for Q2 Fiscal Year Ending March 31, 2026 October 29, 2025 NEC Corporation (https://www.nec.com/en/global/ir/)

  2. Slide 2: Index

    Index I. Financial Results for Q2, FY26/3 II. Financial Forecasts for FY26/3 III. Financial Results (Appendix) IV. Historical Data (Appendix) * Net profit refers to net profit attributable to owners of the parent for the same period. © NEC Corporation 2025 2

  3. Slide 3: Key Takeaways for Financial Results for 1H, FY26/3

    Key Takeaways for Financial Results for 1H, FY26/3 Domestic IT and ANS (Aerospace / Defense) performed strongly, driving significant Non-GAAP OP growth Revenue 15,698 bil yen Non-GAAP OP 127.5 bil yen <YoY> +5.6% <YoY> +62.6 bil yen FY26/3 forecasts revised to reflect recent performance Non-GAAP OP

  4. Slide 4: I. Financial Results for Q2, FY26/3

    I. Financial Results for Q2, FY26/3 © NEC Corporation 2025 4

  5. Slide 5: Summary of Financial Results for 1H, FY26/3

    1H Results Summary of Financial Results for 1H, FY26/3 Q1 Q2 1H FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 FY26/3 (Billions of Yen) YoY YoY YoY Results Results Results Results Results Results Revenue 690.3 715.7 +3.7% +796.4 +854.1 +7.2% +1,486.7 +1,569.8 +5.6% Adjusted Operating Profit 12.7 41.7 +29.0 +48.

  6. Slide 6: YoY Change in Adjusted/Non-GAAP Operating Profit

    1H Results YoY Change in Adjusted/Non-GAAP Operating Profit Improved marginal profit, （ Billions of Yen ） profitability change, etc. +62.6 +16.8 -6.0 +51.8 4.1 Others Non-GAAP Social Increase in Adjusted Infrastructure DX investment, Items etc. Gain on sale of business, etc. 1,316 3.8 127.5 IT Servi

  7. Slide 7: Financial Results for 1H, FY26/3 (By Segment)

    1H Results Financial Results for 1H, FY26/3 (By Segment) Revenue and Adj. OP increased in both IT Services and Social Infrastructure Q1 Q2 1H FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 FY26/3 (Billions of Yen) YoY YoY YoY Results Results Results Results Results Results Revenue 501.8 514.7 +2.6% 578.2 593.6

  8. Slide 8: IT Services

    1H Results IT Services Domestic: • Revenue increase led by the Public business (Revenue increased by 9% excluding one-off factors) • Significant Adj. OP increase due to profitability enhancement measures such as BluStellar International (DGDF): * Digital Government / Digital Finance • OP increased d

  9. Slide 9: Domestic IT Services

    1H Results Domestic IT Services • BluStellar expanded faster than expected and improved profitability • Profitability in the base business improved, although revenue declined mainly due to the transfer of the sales functions for business PCs Q1 Q2 1H FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 FY26/3 (Billio

  10. Slide 10: Domestic IT Services Booking Status (YoY)

    1H Results Domestic IT Services Booking Status (YoY) Public remained strong; Enterprise expects increased bookings in 2H Q1 Q2 Q3 Q4 Q1 Q2 FY25/3 FY25/3 FY25/3 FY25/3 FY26/3 FY26/3 Notes Domestic IT Services +12% +19% +8% +4% -3% -5% Same level as Q2 FY25/3 due to the Public +26% +44% +38% -3% +7% -

  11. Slide 11: Social Infrastructure

    1H Results Social Infrastructure Telecom Services: Adj. OP increased due to development cost reductions ANS*: Both revenue and Adj. OP significantly increased due to large-scale projects in Aerospace/Defense, despite one-off expenses in submarine systems Q1 Q2 1H FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 F

  12. Slide 12: II. Financial Forecasts for FY26/3

    II. Financial Forecasts for FY26/3 © NEC Corporation 2025 12

  13. Slide 13: FY26/3 Financial Forecasts

    FY26/3 Forecasts FY26/3 Financial Forecasts FY26/3 FY26/3 （Billions of Yen） FY24/3 FY25/3 Previous Changes Forecasts Results Results Forecasts as of Oct. 29 Revenue 3,477.3 3,423.4 3,360.0 +60.0 3,420.0 Adjusted Operating Profit 223.6 287.2 310.0 +20.0 330.0 % of Revenue 6.4% 8.4% 9.2% 9.6% Non-GAAP

  14. Slide 14: Financial Forecast (By Segment)

    FY26/3 Forecasts Financial Forecast (By Segment) Forecasts for IT Services revised upward due to steady progress FY26/3 FY26/3 （Billions of Yen） FY24/3 FY25/3 Results Results Previous Changes Forecasts Forecasts as of Oct. 29 Revenue 2,267.8 2,459.8 2,340.0 +60.0 2,400.0 IT Services Adjusted Operati

  15. Slide 15: NEC IR Day 2025

    11/13 Thu NEC IR Day 2025 TIME PROGRAM SPEAKER Opening 9:00 - 9:05 Remarks Osamu Fujikawa, Corporate Executive Vice President and CFO Toshifumi Yoshizaki, Corporate Senior Executive Vice President and CDO 9:10 - 10:25 BluStellar Norihiko Kimura, Corporate Executive Vice President (Executive Officer)

  16. Slide 16: NEC Innovation Day 2025

    Presentation of a Strategic Overview of NEC’s R&D and Creation of New Business Showcasing the Latest Technologies NEC Innovation Day 2025 Wednesday, Dec. 3rd @NEC Tamagawa Plant Main Host Corporate Executive Vice Corporate Senior Vice President President and CTO Managing Director 9:30-11:30 For Capi

  17. Slide 17: NEC: Orchestrating a brighter world

    NEC \ Orchestrating a brighter world

  18. Slide 18: III. Financial Results and Forecasts (Appendix)

    III. Financial Results and Forecasts (Appendix) © NEC Corporation 2025 18

  19. Slide 19: Non-GAAP Operating Profit Adjustment Items

    1H Results Non-GAAP Operating Profit Adjustment Items Q1 Q2 1H (Billions of Yen) FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 FY26/3 YoY YoY YoY Results Results Results Results Results Results Adjusted Operating Profit 4.5 35.4 +30.8 40.2 83.2 +43.0 44.7 118.6 +73.9 M&A Related Amortization of Adjusted 8.1 6.

  20. Slide 20: Non-GAAP Net Profit Adjustment Items

    1H Results Non-GAAP Net Profit Adjustment Items Q1 Q2 1H (Billions of Yen) FY25/3 FY26/3 FY25/3 FY26/3 FY25/3 FY26/3 YoY YoY YoY Results Results Results Results Results Results Net Profit -5.8 19.3 +25.1 19.3 53.5 +34.2 13.5 72.8 +59.4 M&A Related Amortization of 5.9 4.2 - 1.7 5.9 4.4 - 1.5 11.8 8.6

  21. Slide 21: Financial Position Data

    1H Results Financial Position Data As of As of Change from (Billions of Yen) March 31, Sept. 30, March 31, 2025 2025 2025 Total Assets 4,315.4 3,988.9 - 326.5 Total Equity 2,071.5 2,050.9 - 20.6 Interest-bearing Debt 666.4 525.5 - 140.9 Equity Attributable to Owners of the Parent 1,952.0 1,971.4 +19

  22. Slide 22: IV. Historical Data (Appendix)

    IV. Historical Data (Appendix) © NEC Corporation 2025 22

  23. Slide 23: Revenue Breakdown

    Revenue Breakdown FY24/3 FY25/3 FY26/3 (Billions of Yen) Results Results Results Q1 1H Q3 2H Full Year Q1 1H Q3 2H Full Year Q1 1H Public 105.3 254.3 143.6 388.5 642.9 109.5 261.6 158.4 449.4 711.1 128.7 304.9 Enterprise 132.1 269.6 140.7 305.3 574.9 143.8 294.6 145.4 306.3 600.9 141.4 286.2 Subsidi

  24. Slide 24: Adjusted OP Breakdown

    Adjusted OP Breakdown FY24/3 FY25/3 FY26/3 (Billions of Yen) Results Results Results Q1 1H Q3 2H Full Year Q1 1H Q3 2H Full Year Q1 1H Domestic Adjusted Operating Profit 6.6 40.2 40.6 126.5 166.7 7.5 49.0 58.6 183.5 232.5 30.1 100.9 % of revenue 1.7% 4.7% 8.6% 11.4% 8.5% 1.8% 5.3% 11.5% 15.1% 10.9%

  25. Slide 25: Cautionary Statement with Respect to Forward-Looking Statements

    Cautionary Statement with Respect to Forward-Looking Statements This material contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of the NEC Group (the "forward-looking sta

Nec Corp Unsp/Adr New — Q2 2026 Earnings Presentation on 6ix