Consolidated Financial Results for the Six Months Ended September 30, 2025 239KB (2025/10/30)

October 30, 2025

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 file semi-annual securities report: November 7, 2025 Scheduled date to commence dividend payments: December 10, 2025 Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes

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

1. Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Six months ended September 30, 2025 September 30, 2024	Millions of yen 133,471 123,732	% 7.9 (0.2)	Millions of yen 4,660 4,733	% (1.5) 26.5	Millions of yen 5,818 5,337	% 9.0 64.7	Millions of yen 4,512 3,384	% 33.3 74.0

      Note: Comprehensive income	For the six months ended September 30, 2025:	¥	2,930 million [	(8.7) %]
      	For the six months ended September 30, 2024:	¥	3,210 million [	(22.3) %]

      	Basic earnings per share	Diluted earnings per share
      Six months ended	Yen	Yen
      September 30, 2025	209.48	-
      September 30, 2024	157.14	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of September 30, 2025 March 31, 2025	Millions of yen 1,205,312 1,224,797	Millions of yen 146,001 142,385	% 10.2 9.9

   Reference: Equity

   As of September 30, 2025:	¥	123,073 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,

   Newly included: 3 companies( RISA Corporate Solutions Fund No. 6 Investment Limited Partnership, )

   Silent Partnership Secondary Low-voltage Solar GK

   Excluded: - companies( )

2. Adoption of accounting treatment specific to the preparation of semi-annual 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 September 30, 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 September 30, 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)

• Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

• 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.

Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025

As of September 30, 2025

Assets

(Millions of yen)

As of March 31, 2025

As of September 30, 2025

Liabilities

Current liabilities

Semi-annual Consolidated Statements of Income and Comprehensive Income

Semi-annual Consolidated Statement of Income

(Millions of yen)

Share of profit of entities accounted for using equity method

293

-

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Cost of sales

108,801

117,877

Selling, general and administrative expenses

10,197

10,933

Non-operating income

Dividend income

30

31

Gain on investments in partnerships

848

405

Other

162

313

Non-operating expenses

Share of loss of entities accounted for using equity method

-

63

Foreign exchange losses

495

-

Total non-operating expenses

753

232

Extraordinary income

Gain on sale of shares of subsidiaries and associates

5

1

Extraordinary losses

Total extraordinary losses

16

-

Income taxes - current

1,703

2,453

Total income taxes

2,132

2,310

Loss attributable to non-controlling interests

(190)

(746)

Profit attributable to owners of parent 3,384 4,512

Loss on sale of shares of subsidiaries and associates 16 -

Total extraordinary income 5 258

Interest expenses 174 60

Total non-operating income 1,356 1,389

Foreign exchange gains - 615

Interest income 21 23

Operating profit 4,733 4,660

Gross profit 14,931 15,594

Net sales 123,732 133,471

Profit 3,193 3,766

Income taxes - deferred 429 (142)

Profit before income taxes 5,326 6,077

Gain on bargain purchase - 257

Ordinary profit 5,337 5,818

Other 11 15

Loss on investments in partnerships 71 92

Semi-annual Consolidated Statement of Comprehensive Income

(Millions of yen)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Profit 3,193 3,766

Other comprehensive income

Deferred gains or losses on hedges 345 (125)

Remeasurements of defined benefit plans, net of tax (31) 39

Comprehensive income attributable to non-controlling interests

(190) (746)

Semi-annual Consolidated Statement of Cash Flows

For the six months ended September 30, 2024

(Millions of yen)

For the six months ended September 30, 2025

Increase (decrease) in net defined benefit asset and liability

(19) (36)

Capital costs and interest expenses 4,526 5,979

(Millions of yen)

Purchase of shares of subsidiaries resulting in change in scope of consolidation

-

(11,864)

Repayments of payables under securitization of lease receivables

(268)

(216)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Purchase of own-used assets

(1,697)

(556)

Purchase of investment securities

(16,183)

(12,806)

Proceeds from redemption of investment securities

6,958

3,323

Other, net

110

71

Cash flows from financing activities

Net increase (decrease) in commercial papers

(15,000)

(20,000)

Repayments of long-term borrowings

(40,855)

(72,676)

Proceeds from issuance of bonds

-

14,000

Dividends paid

(1,400)

(1,414)

Proceeds from share issuance to non-controlling shareholders

405

3,481

Dividends paid to non-controlling interests (602) (661)

Redemption of bonds (10,050) (10,000)

Net increase (decrease) in short-term borrowings 4,876 (43,290)

Net cash provided by (used in) investing activities (10,750) (21,071)

Proceeds from sale of investment securities 61 213

Proceeds from redemption of securities - 546

Cash flows from investing activities

Proceeds from long-term borrowings 47,585 91,542

Other, net (0) (2)

Net cash provided by (used in) financing activities (15,310) (39,238)