Nippon Sanso Holdings Corporation · TSE:4091
Nippon Sanso — Q1 2027 Earnings Presentation
37 slides from Nippon Sanso's earnings presentation, Jul 29, 2026
Slide 1: Consolidated Financial Results Earnings Announcement Q1 FYE2027
Q1 FYE2027 July 29, 2026 Consolidated Financial Results Earnings Announcement (Fiscal year ended March, 2027) ) SANSO. Nippon Sanso Holdings Corporation
Slide 2: Index
Business Overview Q1FYE2027 Business Performance FYE2027 Full-Term Forecast Appendix Index hwo Nippon Sanso
Slide 3: Important Notice
Important Notice For the purpose of this notice, “presentation” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by NIPPON SANSO Holdings Corporation (‘NSHD") regarding this presentation, This presentation (includin
Slide 4: ＜ ＞ 160.72 186.13 125.23 113.32 23.61
＜ ＞ 160.72 186.13 125.23 113.32 23.61
Slide 5: 1. Business Overview
1. Business Overview Nippon Sanso
Slide 6: Review of Q1
Review of Q1 Business Overview 1. Responded to cost increases stemming from heightened tensions in the Middle East through price management and cost optimization initiatives 2. Inthe electronics sector, favorable market conditions continued, supported by growing semiconductor demand driven by genera
Slide 7: Key CAPEX for our Sustainable Growth
Key CAPEX for our Sustainable Growth Significant investment opportunities; diversified capital portfolio; aligned with our Next Innovation 2030. FYE2027 (as of the end of Q1) “°* ¥150.0bn 31% “Others" include projects which are not assignable because the facilities relate to a wide range of customer
Slide 8: 2. Q1 FYE2027 Business Performance
2.Q1FYE2027 Business Performance Nippon Sanso
Slide 9: Attribution of net income
- - - (Attribution of net income) -
Slide 10: Sales in the gas business increased (Japan)
- Sales in the gas business increased due to higher shipment volumes of electronic material gases and price management - Sales in the equipment and installation business declined in electronics-related business, while industrial gas- related business remained flat - Segment income decreased due to l
Slide 11: Sales in the gas business increased (US)
- Sales in the gas business increased due to higher shipment volumes and price management - Sales in the equipment business increased in both industrial gas-related and electronics-related businesses - Segment income increased due to productivity improvement initiatives, price management, and higher
Slide 12: Sales in the gas business increased (Europe)
- Sales in the gas business increased despite lower shipment volumes, supported by foreign exchange effects and price management - Sales in the equipment and installation business increased due to contributions from the homecare business in Spain acquired in the previous fiscal year and solid perfor
Slide 13: Sales in the gas business increased (Asia & Oceania)
- Sales in the gas business increased due to contributions from the industrial gas business in the Oceania region acquired in the previous fiscal year and higher shipment volumes of electronic material gases - Sales in the equipment and installation business declined in electronics-related business,
Slide 14: Sales in Japan increased due to strong sales (Thermos)
- Sales in Japan increased due to strong sales of products, including portable vacuum-insulated mugs and sports bottles, driven by hot weather, growing demand for insulated products, and the launch of new products - Sales in Korea also increased - Segment income increased due to higher sales in Japa
Slide 15: 3. FYE2027 Full-Term Forecast
3. FYE2027 Full- Term Forecast Nippon Sanso
Slide 16: FYE2027 Full-Term Forecast
1,359.6 1,380.0 +20.4 +1.5% 203.0 208.0 +5.0 +2.4% 14.9% 15.1% -5.2 7.0 +12.2 197.8 215.0 +17.2 +8.7% 14.6% 15.6% 24.3% 25.1% -21.0 -24.0 -3.0 176.7 191.0 +14.3 +8.0% 48.9 56.5 +7.6 127.8 134.5 +6.7 +5.2% 123.8 131.0 +7.2 +5.7% 9.1% 9.5% 3.9 3.5 -0.4
Slide 17: The Gas Professionals
The Gas Professionals Nippon Sanso
Slide 18: 4. Appendix
4. Appendix Nippon Sanso
Slide 19: Nippon Sanso Holding Group Summary
Nippon Sanso Holding Group Summary As of June, 2026 Company Name Nippon Sanso Holdings Corporation Founded 1910/10/30 1-3-26 Koyama Shinagawa-ku, Headquarters Tokyo 142-0062, Japan TEL 81-3-5788-8500 Representative President CEO Tadaharu Watanabe Common stock 373 billion yen Stock information As of
Slide 20: Our Previous Medium-term Management Plan Summary
Our Previous Medium-term Management Plan Summary Overview Financial Target (Final fiscal year in the plan: FYE2026) Plan Name NS Vision 2026 Revenue ¥975.0-,000.0 bn. Slogan Enabling the Future Core Operating Income __¥125,0-135.0 bn. Capital Allocation , Group: 224% Period 4 years from April 2022 t
Slide 21: Our Medium-term Management Plan Summary
Our Medium-term Management Plan Summary Overview Financial KPIs (Final fiscal year in the plan: FYE2030) (Note) Forex rate Assumption): USD¥150 EUR ¥175 Plan Name Next Innovation 2030 Revenue ¥1,500.0 - 1,575.0 bn. Slogan Evolving for the Future Core Operating Income ¥ 250.0 - 275.0 bn. Capital Allo
Slide 22: Non-Recurring Items
Non-Recurring Items Non-recurring items are costs of structural reform (cost for withdrawal or downsizing business operations and special retirement allowances), losses caused by disasters or serious accidents, and other gains and expenses (such as disposal of idling assets). Core operating income i
Slide 23: 286.22 68.7 ― ― 11.3 ― ― 7.1 ― ― ― ― 21.7 208.9
286.22 68.7 ― ― 11.3 ― ― 7.1 ― ― 62 ― ― 21.7 208.9 126.9 69.8 0.59 946.3 781.0 2.37
Slide 24: Preconditions, Definition & Calculations of our KPIs
(Reference) Preconditions, Definition & Calculations of our KPIs Glossary Core m Core operating income is calculated as operating income excluding Hybrid finance _ A form of debt financing that has features resembling equity, such as aesae certain gains and expenses attributable to non-recurring fac
Slide 25: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unit: ¥ bn.) FYE2026 FYE2027 YoY YoY Ql Ql Difference % Change Income before income taxes 39.9 59.3 +H19.4 +48.5% Depreciation and amortization 29.2 35.5 +6.3 Changes in working capital 5.7 -8.8 3.1 Others 21.8 =8i3) -9.5 Cash flows from operating act
Slide 26: Condensed Consolidated Statements of Financial Position
Condensed Consolidated Statements of Financial Position (Unit:¥ bn) FYE 2026 FYE2027 YoY < FYE2026 FYE 2027 Yor a4 a Difference a4 ai Difference Cash and cash equivalent 1653 166.6 H3 “rade payables 14a7 176 a” Trade receivables 202.9 p05 24 Interest-bearing liabilities 946.3 934.5 nS Inventories 10
Slide 27: Results Overview by Segment
Results Overview by Segment FYE2026 mo (Apr.-Jun) (Unit: ¥bn) Revenue 97.4 Japan Segment O! 133 Segment Ol margin 13.7% Revenue 839 United States Segment O| 14 Segment Ol margin 13.6% Revenue 82.4 Europe Segment O! 160 Segment Ol margin 19.5% Revenue 423 Asia & Oceania Segment O! 34 Segment Ol margi
Slide 28: Revenue Composition
Revenue Composition By Segment By Industry 3% 8% 5% 16% 31% 0, QIFYE2027 QUFYE2027 16% ¥ 361.7on. ¥ 352.6bn. (exc. Thermos business) 27% 27% 10% 20% 10% "Japan §US "Europe = AsiaandOceania = Thermos = Steel and Metal = Automobiles and other trasportation * Electronics = Food ans Beverage = Healthcar
Slide 29: Quarterly Revenue and Core Operating Income Trends
Quarterly Revenue and Core Operating Income Trends Revenue FYE2026 FYE2027 (ébn) 1a 2a 3 4a Fulkterm 1a 2a 3 4a Total Japan 97.4 97.2 100.6 n0.9 406.2 96.7 p67 United States 83.9 88.6 926 95.2 360.5 99.1 p91 Europe 82.4 85.5 90.2 927 350.9 97.8 p7.8 Asia & Oceania 42.3 56.2 55.5 54.3 208.4 58.8 p8.8
Slide 30: Percentage of Revenue by Business
Percentage of Revenue by Business QI FYE2027 ¥ 352.6 bn. (exc. Thermos business) 26% = Bulk = On-site = Package ™ Specialty Gases ® Industrial gas-related equipment, installation and other ™ Electronics-related equipment, installation and other “Percentages may not add up 100% due to rounding.” Nipp
Slide 31: Business Performance over the Past Five Years
Business Performance over the Past Five Years Revenue (¥ bn) Core Operating Income Profit Attributable to Owner of the Parent —(¥ bn.) 1,359.6 1186.6 1255.0 1,308.0 : i; L L L 2022.3 «2028.3 « 20243 «= -20283 © 20263 COI Margin 20223 2023.3 2024.3 NI Margin 8.4% 9.1% 6.7% 62% ° 18% ° so 1059 og7_ |
Slide 32: Glossary: EBITDA Margin/ROCE after Tax
Glossary: EBITDA Margin/ROCE after Tax EBITDA EBITDA margin and EBITDA (bn) (Earnings Before Interest Taxes Depreciation and Amortization) EBITDA margin Indicator that shows profitability based on Cash Flow, excluding the 24.3% impact of M&A and CAPEX. 20.0% 23.3% * 2% > This indicator should not be
Slide 33: Industrial Gas Supply Systems
Industrial Gas Supply Systems Air Separation Gases Storage tank for liquid gases Air Separation Unit <— Air a> 00 oa ic ———— —> Supply via pipeline S a Tank truck \ MA yo ep | H > Supply via Liquid gases form Filling Station —_ Flatbed truck mS, — > Supply via Cylinder ee {Lean Nippon Sanso On Site
Slide 34: THERMOS
THERMOS Nippon Sanso 34
Slide 35: For Further Information, please contact:
For Further Information, please contact: Public Relations for Media Investor Relations for Investors Public Relations Investor Relations Tel: +81 (0)3-5788-8513 Tel: +81 (0)3-5788-8512 E-mail: Nshd.Info@jp.nipponsanso.com E-mail: Nshd.[R@jp.nipponsanso.com Upcoming IR Events Q2 FYE2027 Earnings Call
Slide 36: Important Notice
Important Notice Trading of Nippon Sanso Holdings Corporation Common Stock, Disclaimer Regarding Unsponsored American Depository Receipts Nippon Sanso Nippon Sanso Holdings Corporation (’NSHD’) encourages anyone interested in buying or selling its common stock to do so on the Tokyo Stock Exchange, w
Slide 37: Nippon Sanso
\ NIPPON SANSO
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