Nec Corp Unsp/Adr New (NECPY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Fujigawa will begin to explain. So thank you very much for your participation today. I would now like to cover the financial results for Q1 fiscal year ending March 31st, 2026 that were announced today. This is the agenda that I would like to cover today. And as we announced in our press release on the 18th of July, Starting from Q1 of fiscal year ending March 2026, we have revised our segments. For fiscal years ending March 2024 and 2025 as well, we have discussed numbers in accordance with the revised segments. Next, I would like to cover the outline of our Q1 results. Please reference page 4. These are the key takeaways for financial results for Q1. So for Q1, revenue was 715.7 billion yen. Non-GAAP operating profit was 40 billion yen. Revenue year-on-year was an increase of 3.7% and for non-GAAP operating profit vis-a-vis last year, 2.5 times. For domestic IT, specifically around Booth-Steller, We are seeing the emergence of various profitability initiatives, and we are seeing a strong result. The results will be explained in detail later on. For domestic IT, order intake is still strong. So, for performance for 1Q... We believe that this is a solid platform for us to attain our full-year plan. Page 5, please. We are showing you the main indices. For adjusted operating profit, we stand at 41.7 billion yen, and this is an increase of 29 billion yen from the previous year. On the right side, this is a breakdown by segment. IT services and social infrastructure both saw an increase in revenue and profit. Please reference page 6. This is adjusted non-GAAP operating profit year-on-year change. So for the year ending March 2025, Q1 adjusted operating profit was 12.7 billion yen. Non-GAAP operating profit was 16.3 billion yen. IT services and social infrastructure saw a...