Consolidated Financial Results for the Nine Months Ended December 31, 2025 165KB (2026/01/29)

January 29, 2026

Company name: NEC Capital Solutions Limited Listing: Tokyo Stock Exchange

Securities code: 8793

URL: https://www.necap.co.jp/

Representative: Masaaki Suganuma President

Inquiries: Takaaki Koreeda Department Manager of IR & PR Department Telephone: +81-3(6720)8400

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended December 31, 2025 December 31, 2024	Millions of yen 206,976 189,538	% 9.2 1.1	Millions of yen 7,103 6,405	% 10.9 (11.7)	Millions of yen 8,625 8,268	% 4.3 19.5	Millions of yen 6,728 5,932	% 13.4 69.0

      Note: Comprehensive income	For the nine months ended December 31, 2025:	¥	6,572 million [	(0.1) %]
      	For the nine months ended December 31, 2024:	¥	6,577 million [	9.1%]

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	312.33	-
      December 31, 2024	275.43	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of December 31, 2025 March 31, 2025	Millions of yen 1,238,647 1,224,797	Millions of yen 147,845 142,385	% 10.1 9.9

   Reference: Equity

   As of December 31, 2025:	¥	125,273 million
   As of March 31, 2025:	¥	121,002 million

2. Cash dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	75.00	-	75.00	150.00
   Fiscal year ending March 31, 2026	-	75.00	-
   Fiscal year ending March 31, 2026 (Forecast)				75.00	150.00

   Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

Note: Revisions to the financial result forecast most recently announced: None

1. Significant changes in the scope of consolidation during the period: Yes

   RISA RT Asset Management & Loan Services Corporation,

   RISA Corporate Solutions Fund No. 6 Investment Limited Partnership, Newly included: 5 companies( Silent Partnership Secondary Low-voltage Solar GK, )

   Obihiro Business Succession Fund No.1 Investment Limited Partnership, R-Fund No.9, Inc.

   Excluded: - companies( )

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

3. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of December 31, 2025	21,549,427 shares
      As of March 31, 2025	21,544,538 shares

   2. Number of treasury shares at the end of the period

      As of December 31, 2025	4,596 shares
      As of March 31, 2025	4,596 shares

   3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters

Forecasts are based on the information available to management at the time they were made. Actual results may differ materially from forecasts for a number of reasons.

‌Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025

As of December 31, 2025

Assets

Long-term payables under securitization of lease receivables

1,794

1,644

(Millions of yen) As of March 31, 2025 As of December 31, 2025

Liabilities

Current liabilities

Notes payable - trade 166 -

Accounts payable - trade 13,113 18,532

Short-term borrowings 88,520 49,718

Current portion of long-term borrowings 151,367 140,720

Current portion of bonds payable 20,000 25,600

Commercial papers 266,000 237,000

Payables under securitization of lease receivables 420 245

Income taxes payable 1,443 3,354

Provision for bonuses 926 1,771

Provision for bonuses for directors (and other officers)

44 11

Provision for loss on guarantees - 63

Other 29,746 36,756

Total current liabilities 571,751 513,775

Non-current liabilities

Bonds payable 93,600 107,500

Long-term borrowings 402,613 454,050

Retirement benefit liability 1,885 1,867

Other 10,767 11,963

Total non-current liabilities 510,661 577,025

Total liabilities 1,082,412 1,090,801

Net assets

Shareholders' equity

Share capital 3,794 3,794

Capital surplus 4,665 4,680

Retained earnings 104,788 108,251

Treasury shares (10) (10)

Total shareholders' equity 113,237 116,715

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

1,685 2,054

Deferred gains or losses on hedges 2,179 3,194

Foreign currency translation adjustment 3,981 3,329

Remeasurements of defined benefit plans (80) (20)

Total accumulated other comprehensive income 7,764 8,557

Non-controlling interests 21,382 22,572

Total net assets 142,385 147,845

Total liabilities and net assets 1,224,797 1,238,647

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statement of Income For the Nine-Month Period

(Millions of yen)

Share of profit of entities accounted for using equity method

251

-

For the nine months ended December 31, 2024

For the nine months ended December 31, 2025

Cost of sales

167,353

181,779

Selling, general and administrative expenses

15,778

18,092

Non-operating income

Dividend income

52

48

Gain on investments in partnerships

733

535

Other

213

387

Non-operating expenses

Share of loss of entities accounted for using equity method

-

4

Other

14

16

Ordinary profit

8,268

8,625

Gain on bargain purchase

-

257

Gain on sale of shares of subsidiaries and associates

16

52

Total extraordinary income 16 409

Subsidy income - 100

Extraordinary income

Total non-operating expenses 368 435

Loss on investments in partnerships 107 315

Interest expenses 246 99

Total non-operating income 2,231 1,956

Foreign exchange gains 951 942

Interest income 28 41

Operating profit 6,405 7,103

Gross profit 22,184 25,196

Net sales 189,538 206,976

Extraordinary losses

Quarterly Consolidated Statement of Comprehensive Income For the Nine-Month Period

(Millions of yen)

Comprehensive income attributable to owners of parent

6,894

7,521

Share of other comprehensive income of entities accounted for using equity method

(223)

(394)

For the nine months ended December 31, 2024

For the nine months ended December 31, 2025

Other comprehensive income

Deferred gains or losses on hedges

685

939

Remeasurements of defined benefit plans, net of tax

(47)

59

Total other comprehensive income

962

792

Comprehensive income attributable to

Comprehensive income 6,577 6,572

Foreign currency translation adjustment 323 (551)

Valuation difference on available-for-sale securities 224 739

Profit 5,615 5,779

Comprehensive income attributable to non-controlling

interests

(316) (948)