Slide 1: Results Presentation for Nine Months Ended September 30, 2025
Results Presentation for Nine Months Ended September 30, 2025 EBARA (6361) November 13, 2025
Slide 2: Table of Contents
Table of Contents Key Points of Results P3 4. Topics 1. FY25 1-3Q Summary of Results ・EBARA Group Medium-Term Investment Strategy P23 ・Consolidated P5 ・Vision for EBARA’s Business Portfolio in 2035 P24 ・Segment P6 ・Building Service & Industrial M&A Strategy P25 ・Breakdown of Changes in Operating Pro
Slide 3: Key Points of Results
Key Points of Results FY25 1-3Q Results FY25 Forecast Results YoY Current Plan YoY Change vs. Prior Plan* ¥36.5 B. ¥83.4 B. ¥4.0 B. Orders ¥680.1 B. +5.7% ↗ Orders ¥944.0 B. +9.7% ↗ +0.4% → ¥59.2 B. ¥60.3 B. ¥27.0 B. Revenue ¥663.5 B. +9.8% ↗ Revenue ¥927.0 B. +7.0% ↗ +3.0% → ¥9.7 B. ¥12.0 B. ¥7.5 B
Slide 4: FY25 1-3Q Summary of Results
1. FY25 1-3Q Summary of Results 2. FY25 1-3Q Results by Segment 3. FY25 Forecast 4. Topics 5. Appendix 4 Copyright(c) Ebara Corporation, All rights reserved
Slide 5: Consolidated
1. FY25 1-3Q Summary of Results Consolidated (billions of yen) YoY FY24 1-3Q Results FY25 1-3Q Results Change Change % a b b-a (b-a)/a Orders 643.6 680.1 +36.5 +5.7% Revenue 604.3 663.5 +59.2 +9.8% Operating Profit 59.8 69.5 +9.7 +16.2% OP Ratio 9.9% 10.5% +0.6pts Basic Earnings per Share (Yen) 41.0
Slide 6: Segment
1. FY25 1-3Q Summary of Results Segment (billions of yen) YoY FY24 1-3Q Results FY25 1-3Q Results Change Change % a b b-a (b-a)/a Orders 643.6 680.1 +36.5 +5.7% Revenue 604.3 663.5 +59.2 +9.8% Total Operating Profit 59.8 69.5 +9.7 +16.2% OP Ratio 9.9% 10.5% +0.6pts Orders 184.5 188.3 +3.7 +2.0% Buil
Slide 7: Breakdown of Changes in Operating Profit
1. FY25 1-3Q Summary of Results Breakdown of Changes in Operating Profit Revenue growth outpaced increases in fixed costs, resulting in higher operating profit (billions of yen) • Absence of Vansan’s goodwill impairment loss recorded FY24 3Q (+) Increased in Precision • Increased labor costs due • A
Slide 8: Revenue by Region
1. FY25 1-3Q Summary of Results Revenue by Region 224.0 Japan 207.5 +7.9% 439.5 +10.8% Overseas 396.7 114.7 China 131.6 -12.8% Others Middle East 4% Taiwan, South 131.5 Japan Korea, and other 84.4 +55.8% Europe 6% 34% Asia 6% 89.6 North America 87.8 +2.0% North FY25 1-3Q America Revenue 41.7 Composi
Slide 9: FY25 1-3Q Results by Segment
1. FY25 1-3Q Summary of Results 2. FY25 1-3Q Results by Segment 3. FY25 Forecast 4. Topics 5. Appendix 9 Copyright(c) Ebara Corporation, All rights reserved
Slide 10: Building Service & Industrial
2. FY25 1-3Q Results by Segment Building Service & Industrial Results (Billions of yen) Key Changes (vs. FY24 1-3Q) ◼ GDP growth is showing signs of recovery in the Middle East, Japan, and Orders Revenue Market Europe; however, other regions remain sluggish FY24 FY25 250.0 242.0 Environment ◼ China’
Slide 11: Energy
2. FY25 1-3Q Results by Segment Energy Results (Billions of yen) Key Changes (vs. FY24 1-3Q) Orders Revenue Market ◼ Project activity remains steady in North America and Asia, with Environment a trend of recovery in investment sentiment among previously FY24 FY25 222.7 210.0 210.4 205.0 cautious cus
Slide 12: Infrastructure
2. FY25 1-3Q Results by Segment Infrastructure Results (Billions of yen) Key Changes (vs. FY24 1-3Q) Orders Revenue Market ◼ Domestic public pump market remains steady FY24 FY25 60.5 61.0 58.0 Environment ◼ Investment in advanced disaster prevention, and aging 51.1 measures in line with the "Five-Ye
Slide 13: Environmental Solutions
2. FY25 1-3Q Results by Segment Environmental Solutions Results (Billions of yen) Key Changes (vs. FY24 1-3Q) Orders Revenue Market ◼ Demand in Japan for new construction of waste treatment plants FY24 FY25 Environment for public use remains stable 120.0 93.3 100.0 87.4 65.8 63.1 71.5 59.264.8 35.2
Slide 14: Precision Machinery
2. FY25 1-3Q Results by Segment Precision Machinery Results (Billions of yen) Key Changes (vs. FY24 1-3Q) Orders Revenue Market ◼ Demand related to generative AI continues to grow, and Environment customer factory utilization rates are showing signs of recovery. FY24 FY25 320.0 However, the full-sca
Slide 15: Precision Machinery Quarterly Trends
2. FY25 1-3Q Results by Segment Precision Machinery Quarterly Trends Orders (Billions of yen) Precision Machinery Components CMP Systems 98.9 64.1 76.0 73.9 67.3 61.5 68.1 45.6 54.3 59.7 40.3 41.8 37.9 30.6 30.3 33.1 25.8 29.0 26.1 24.4 28.6 28.3 22.4 24.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 4QPlan 1Q 2Q 3Q 4Q
Slide 16: Precision Machinery Quarterly Product Revenue Trends by Application
2. FY25 1-3Q Results by Segment Precision Machinery Quarterly Product Revenue Trends by Application Revenue (Billions of yen) 80.0 80.0 Memory 70.0 Non-Memory 64.5 70.0 62.6 60.0 14% 16% 60.0 49.0 47.7 48.2 50.0 43.7 45.5 50.0 40.7 17% 42.2 6% 41.1 17% 37.5 28% 40.0 15% 23% 28% 16% 40.0 30.0 29% 30.
Slide 17: FY25 Forecast
1. FY25 1-3Q Summary of Results 2. FY25 1-3Q Results by Segment 3. FY25 Forecast 4. Topics 5. Appendix 17 Copyright(c) Ebara Corporation, All rights reserved
Slide 18: Business Environment Overview by Segment
3. FY25 Forecast Business Environment Overview by Segment Primary Target EBARA’s Market Outlook Segment Market and Regional Trends Markets FY25 (1-year period*) • Europe: Capital investment will remain sluggish due to rising construction and labor costs • China: Building equipment and industrial mar
Slide 19: Consolidated
3. FY25 Forecast Consolidated Full-year consolidated forecast revised upward 1-4Q (billions of yen) FY24 Results FY25 Prior Plan FY25 Plan YoY Change vs. Prior Plan Announced date (m/d/y) Aug/14/25 Nov/13/25 Change Change % Change Change % a b c c-a (c-a)/a c-b (c-b)/b Orders 860.5 940.0 944.0 +83.4
Slide 20: Segment
3. FY25 Forecast Segment 1-4Q (billions of yen) FY24 Results FY25 Prior Plan FY25 Plan YoY Change from prior plan Announced date (m/d/y) Aug/14/25 Nov/13/25 Change Change % Change Change % a b c c-a (c-a)/a c-b (c-b)/b Orders 860.5 940.0 944.0 +83.4 +9.7% +4.0 +0.4% Revenue 866.6 900.0 927.0 +60.3 +
Slide 21: Breakdown of Changes in Operating Profit
3. FY25 Forecast Breakdown of Changes in Operating Profit Raised operating profit forecast to ¥110.0 billion, driven by increased profits in Environmental Solutions and Precision Machinery (billions of yen) Higher revenue and reversal of 1. Improved profitability due 1. Revenue growth (+) contingenc
Slide 22: Topics
1. FY25 1-3Q Summary of Results 2. FY25 1-3Q Results by Segment 3. FY25 Forecast 4. Topics 5. Appendix 22 Copyright(c) Ebara Corporation, All rights reserved
Slide 23: EBARA Group Medium-Term Investment Strategy
4. Topics EBARA Group Medium-Term Investment Strategy ◼ Under E-Plan 2025, in Precision Machinery (PM), which is expected to see the most significant growth among our growth businesses, we are actively expanding production capacity, advancing R&D for next-generation semiconductor manufacturing, and
Slide 24: Vision for EBARA's Business Portfolio in 2035
4. Topics Vision for EBARA’s Business Portfolio in 2035 ◼ EBARA envisions its business portfolio in 2035 as being made up of three robust pillars that ensure scale, profitability, and efficiency, driving EBARA’s next stage of evolution as a Global Excellent Company while continuously adapting to eme
Slide 25: Building Service & Industrial M&A Strategy: Acquisition of Mitsubishi Electric's Three-Phase Motor Business
4. Topics Building Service & Industrial M&A Strategy Acquisition of Mitsubishi Electric’s Three-Phase Motor Business On November 12, 2025, EBARA and Mitsubishi Electric announced an agreement to transfer the three-phase and Interior Permanent Magnet (IPM) motor businesses operated domestically by Mi
Slide 26: Value Creation & Profitability
4. Topics Building Service & Industrial M&A Strategy ◼ As global demand for energy-saving industrial machinery continues to rise, we are strengthening and accelerating our ability to propose energy-saving solutions by (Motor Image) reinforcing both ends of the value chain, the high-value-added areas
Slide 27: Appendix
1. FY25 1-3Q Summary of Results 2. FY25 1-3Q Results by Segment 3. FY25 Forecast 4. Topics 5. Appendix 27 Copyright(c) Ebara Corporation, All rights reserved
Slide 28: Consolidated Forecast (FY25 3-4Q)
5. Appendix Consolidated Forecast（FY25 3-4Q） FY23 FY24 FY25 (billions of yen) 1-2Q 3-4Q 1-2Q 3-4Q 1-2Q 3-4Q Plan Announced date (m/d/y) Nov/13/25 Orders 367.6 452.9 399.6 460.9 451.3 492.6 Revenue 363.8 395.5 394.5 472.1 448.7 478.2 Total Operating Profit 33.7 52.3 39.9 58.0 50.0 59.9 OP Ratio 9.3%
Slide 29: Orders
5. Appendix Orders FY24 FY25 (billions of yen) 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q Announced date (m/d/y) Nov/13/25 Total 191.6 399.6 643.6 860.5 199.8 451.3 680.1 944.0 Building Service & 58.1 123.6 184.5 244.4 59.7 125.5 188.3 250.0 Industrial Energy 54.5 95.5 166.2 222.7 42.3 86.9 150.9 210.
Slide 30: Revenue
5. Appendix Revenue FY24 FY25 (billions of yen) 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q Announced date (m/d/y) Nov/13/25 Total 193.8 394.5 604.3 866.6 212.6 448.7 663.5 927.0 Building Service & 56.5 114.7 172.7 238.1 56.3 113.8 173.4 242.0 Industrial Energy 43.5 92.6 145.1 210.4 48.6 109.0 159.3 20
Slide 31: Operating Profit
5. Appendix Operating Profit FY24 FY25 (billions of yen) 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q Announced date (m/d/y) Nov/13/25 Total 19.2 39.9 59.8 97.9 22.6 50.0 69.5 110.0 Building Service & 4.3 7.8 5.5 10.3 4.3 6.8 10.5 17.0 Industrial Energy 3.6 7.5 15.3 28.0 1.9 11.1 17.0 24.5 Infrastructur
Slide 32: Backlog of Orders
5. Appendix Backlog of Orders FY24 FY25 (billions of yen) 1-4Q Plan 1Q 2Q 3Q 4Q 1Q 2Q 3Q Announced date (m/d/y) Nov/13/25 Total 909.1 938.0 938.7 917.1 886.8 900.5 919.6 934.1 Building Service & 65.0 73.2 72.4 68.7 69.9 76.4 80.8 76.7 Industrial Energy 232.9 235.3 232.3 239.0 222.0 200.8 220.8 244.0
Slide 33: Revenue by Region
5. Appendix Revenue by Region (billions of yen) FY24 FY25 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q Building Service & Industrial 56.5 114.7 172.7 238.1 56.3 113.8 173.4 Japan 26.1 48.7 71.0 100.4 27.0 50.0 73.9 Asia (excl. Japan) 12.8 29.7 46.6 63.8 11.6 26.8 42.6 North America 4.0 8.8 14.2 18.5 4.5 8.5 13.2
Slide 34: Service & Support (S&S) Revenue
5. Appendix Service & Support (S&S) Revenue (billions of yen) FY24 FY25 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q S&S Revenue 13.0 24.3 35.3 50.2 13.5 25.8 37.5 Building Service & Industrial S&S Ratio 23% 21% 20% 21% 24% 23% 22% S&S Revenue 22.1 44.2 69.7 100.9 24.3 55.1 82.5 Energy S&S Ratio 51% 48% 48% 48% 5
Slide 35: Balance Sheet
5. Appendix Balance Sheet (billions of yen) FY24 3Q FY24 4Q FY25 3Q Change Change a b c c-a c-b Total Assets 948.4 1,005.0 1,048.2 +99.8 +43.2 Current Assets 667.0 705.3 703.1 +36.1 -2.1 Cash and cash equivalents 183.7 171.0 173.9 -9.7 +2.9 Trade receivables 238.5 287.9 261.4 +22.9 -26.4 Inventories
Slide 36: Cash Flows
5. Appendix Cash Flows 1-3Q 1-4Q (billions of yen) FY24 FY25 Change FY24 FY25 Plan FY25 Plan YoY Change vs. Prior Plan Announced date (m/d/y) Aug/14/25 Nov/13/25 Change Change a b b-a c d e e-c e-d CF from 92.6 44.1 -48.5 100.9 80.0 70.0 -30.9 -10.0 operating activities CF from -30.7 -60.5 -29.7 -48
Slide 37: CAPEX, Depreciation and Amortization, R&D Expenses
5. Appendix CAPEX, Depreciation and Amortization, R&D Expenses 1-3Q 1-4Q (billions of yen) FY24 FY25 Change FY24 FY25 Plan YoY Announced date (m/d/y) Nov/13/25 Change a b b-a c d d-c CAPEX 42.0 77.2 +35.2 58.6 122.0 +63.3 Building Service & Industrial 5.8 11.5 +5.6 8.8 16.0 +7.1 Energy 5.4 10.1 +4.7
Slide 38: ESG Topics
5. Appendix ESG Topics Date of News Release ESG EBARA Hosts ESG Small Meeting 2025 2025/10 EBARA Environmental Plant Updates ISMS Certification (ISO/IEC 27001) for Remote Monitoring Operations at Waste Incineration 2025/10 E Facilities EBARA Environmental Plant Collaborates on the Ministry of the En
Slide 39: Disclaimer
Disclaimer This release contains forward-looking statements which involve certain risks and uncertainties that could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements which are valid only as of the da