Nec Corporation · TSE:6701
Nec — Nec Corp Unsp/Adr New — Q1 2026 Earnings Presentation
28 slides from Nec's earnings presentation, Jul 29, 2025
Slide 1: Financial Results for Q1 Fiscal Year Ending March 31, 2026
6701.T Financial Results for Q1 Fiscal Year Ending March 31, 2026 July 29, 2025 NEC Corporation (https://www.nec.com/en/global/ir/)
Slide 2: Index
Index I. Financial Results for Q1, FY26/3 II. Financial Forecasts for FY26/3 III. Topics IV. Financial Results (Appendix) V. Historical Data (Appendix) * Net profit refers to net profit attributable to owners of the parent for the same period. * As stated in the July 18, 2025 announcement, "NEC Revi
Slide 3: I. Financial Results for Q1, FY26/3
I. Financial Results for Q1, FY26/3 © NEC Corporation 2025 3
Slide 4: Key Takeaways for Financial Results for Q1, FY26/3
Key Takeaways for Financial Results for Q1, FY26/3 Revenue Non-GAAP OP 715.7 bil 40.0 bil <YoY> +3.7% <YoY> +23.7 bil • Non-GAAP OP significantly increased by 2.5 times YoY • Domestic IT services benefited from measures to enhance profitability such as BluStellar • Order intake for the Domestic IT s
Slide 5: Summary of Financial Results for Q1, FY26/3
Q1 Results Summary of Financial Results for Q1, FY26/3 （Billions of Yen） FY25/3 FY26/3 FY25/3 FY26/3 YoY （Billions of Yen） YoY Results Results Results Results Revenue 690.3 715.7 +3.7% Revenue 501.8 514.7 +2.6% Adjusted OP 12.7 41.7 +29.0 IT Services Adj. OP 11.6 36.7 +25.0 % of revenue 2.3% 7.1% +4
Slide 6: YoY Change in Adjusted/Non-GAAP Operating Profit
Q1 Results YoY Change in Adjusted/Non-GAAP Operating Profit Improved marginal profit, （ Billions of Yen ） profitability change, etc. +23.7 +8.3 -5.0 1.7 +20.5 Others Non-GAAP Adjusted Social Increase in Items Infrastructure DX investment, Asset sales, etc. etc. 41.7 40.0 3.6 IT Services Non-GAAP Adj
Slide 7: IT Services
Q1 Results IT Services Domestic: • Revenue increase led by a significant increase in orders in FY25/3 for the Public business • OP increase due to cost improvement as well as revenue growth and profitability enhancement measures such as BluStellar International (DGDF): • OP increased due to the reve
Slide 8: Domestic IT Services
Q1 Results Domestic IT Services BluStellar contributed to an increase in revenue/OP for Domestic IT (Billions of Yen ) FY24/3 FY25/3 FY26/3 YoY Results Results Results Revenue 393.6 422.7 439.3 +3.9% Domestic IT Adj. OP 6.6 7.5 30.1 +22.6 % of Revenue 1.7% 1.8% 6.9% +5.1% Revenue 58.3 109.2 124.9 +1
Slide 9: Domestic IT Services Booking Status (YoY)
Q1 Results Domestic IT Services Booking Status (YoY) Robust DX demand for modernization continued Q1 Q2 Q3 Q4 Q1 FY25/3 FY25/3 FY25/3 FY25/3 FY26/3 Notes Domestic IT Services +12% +19% +8% +4% -3% Steady demand for the standardization of municipal Public +26% +44% +38% -3% +7% government platforms,
Slide 10: Social Infrastructure
Q1 Results Social Infrastructure Telecom Services: OP increased due to development cost reductions and robust demand in the IT domain ANS*: Both revenue and OP increased due to steady project deliveries, despite investment increases FY24/3 FY25/3 FY26/3 (Billions of Yen) YoY Results Results Results
Slide 11: II. Financial Forecasts for FY26/3
II. Financial Forecasts for FY26/3 © NEC Corporation 2025 11
Slide 12: FY26/3 Financial Forecasts
FY26/3 Forecasts FY25/3 Financial Forecasts No changes to FY26/3 forecasts from April 28, 2025 FY22/3 FY23/3 FY24/3 FY25/3 FY26/3 (Billions of Yen) YoY Results Results Results Results Forecasts Revenue 3,014.1 3,313.0 3,477.3 3,423.4 3,360.0 -1.9% Adjusted Operating Profit 171.0 205.5 223.6 287.2 31
Slide 13: Financial Forecast (By Segment)
FY26/3 Forecasts Financial Forecast (By Segment) FY24/3 FY25/3 FY26/3 YoY （Billions of Yen） Results Results Forecasts Revenue 2,267.8 2,459.8 2,340.0 -4.9% IT Services Adj. OP 185.7 251.8 301.0 +49.2 % of revenue 8.2% 10.2% 12.9% +2.6% Revenue 812.8 832.1 885.0 +6.4% Social Infrastructure Adj. OP 32
Slide 14: IT Services
FY26/3 Forecasts IT Services Domestic: Adj. OP is expected to increase through continuous improvements in profitability, although revenue is expected to decrease due to the transfer of the sales functions for business PCs and termination of some subsidiary businesses International (DGDF): Adj. OP is
Slide 15: Social Infrastructure
FY26/3 Forecasts Social Infrastructure Telecom Services: Adj. OP is expected to decrease due to a rebound from one-off factors in FY25/3 ANS: Both Adj. OP and revenue are expected to increase through steady deliveries of received orders and the elimination of one-off expenses from FY25/3 in submarin
Slide 16: III. Topics
III. Topics © NEC Corporation 2025 16
Slide 17: Topics on BluStellar
Topics on BluStellar “Client Zero,” NEC’s experience and achievement by being a testbed for its own DX initiatives, have been highly appreciated by stakeholders (customers and business partners), leading business expansion Enhancing Project Gains from the Ratings and Awards Partnerships “Scenario” A
Slide 18: Upcoming Events: NEC IR Day 2025, NEC Innovation Day 2025
Upcoming Events N o v. Thu Planned theme: 1 3 t h AM NEC IR Day 2025 BluStellar & National Security Online webinar D e c . Wed 3 rd NEC Innovation Day 2025 NEC Tamagawa Plant © NEC Corporation 2025 18
Slide 19: NEC - Orchestrating a brighter world
NEC \ Orchestrating a brighter world
Slide 20: IV. Financial Results (Appendix)
IV. Financial Results (Appendix) © NEC Corporation 2025 20
Slide 21: Non-GAAP Operating Profit Adjustment Items
Q1 Results Non-GAAP Operating Profit Adjustment Items FY25/3 FY26/3 (Billions of Yen) YoY Results Results Operating Profit 4.5 35.4 +30.8 M&A Related Amortization of Adjusted 8.1 6.3 - 1.8 Intangible Assets Items M&A Related Expenses - 0.0 +0.0 Adjusted Operating Profit 12.7 41.7 +29.0 Structural Re
Slide 22: Non-GAAP Net Profit Adjustment Items
Q1 Results Non-GAAP Net Profit Adjustment Items FY25/3 FY26/3 (Billions of Yen) YoY Results Results Net Profit -5.8 19.3 +25.1 M&A related Amortization of 5.9 4.2 - 1.7 Intangible Assets and M&A related Expenses Structural Reform Expenses Adjusted 2.5 - - 2.5 and Impairment Losses Items Stock Compen
Slide 23: Financial Position Data
Q1 Results Financial Position Data As of As of Change from (Billions of Yen) March 31, June 30, March 31, 2025 2025 2025 Total Assets 4,315.4 3,874.9 - 440.4 Total Equity 2,071.5 1,971.8 - 99.8 Interest-bearing Debt 666.4 513.5 - 152.9 Equity Attributable to Owners of the Parent 1,952.0 1,893.3 - 58
Slide 24: V. Historical Data (Appendix)
V. Historical Data (Appendix) © NEC Corporation 2025 24
Slide 25: New Segment Overview
New Segment Overview Main Businesses, Markets, Customers Central and Local Government, Healthcare, Infrastructure-DX (Fire-fighting / Public Disaster prevention Systems, Transportation, Media) Domestic Enterprise Enterprise (Finance, Manufacturing, Retail / Services) IT Services Abeam Consulting, NE
Slide 26: Revenue Breakdown
Revenue Breakdown FY24/3 Results FY25/3 Results FY26/3 Results (Billions of Yen) Q1 1H Q3 2H Full Year Q1 1H Q3 2H Full Year Q1 Public 105.3 254.3 143.6 388.5 642.9 109.5 261.6 158.4 449.4 711.1 128.7 Enterprise 132.1 269.6 140.7 305.3 574.9 143.8 294.6 145.4 306.3 600.9 141.4 Subsidiaries, etc. 156
Slide 27: Adjusted OP Breakdown
Adjusted OP Breakdown FY24/3 Results FY25/3 Results FY26/3 Results (Billions of Yen) Q1 1H Q3 2H Full Year Q1 1H Q3 2H Full Year Q1 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 % of revenue 1.7% 4.7% 8.6% 11.4% 8.5% 1.8% 5.3% 11.5% 15.1% 10.9% 6.9% Inte
Slide 28: 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
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