Nec Corporation · TSE:6701
Nec — Q2 2027 Earnings Presentation
27 slides from Nec's earnings presentation, Oct 28, 2026
Slide 1: Financial Results for Q2 Fiscal Year Ending March 31, 2027
6701.T Financial Results for Q2 Fiscal Year Ending March 31, 2027 October 28, 2026 NEC Corporation (https://group.nec/global/en/about/ir/)
Slide 2: Index
Index I. Financial Results for Q2, FY27/3 II. Financial Forecasts for FY27/3 III. Topics IV. Financial Results (Appendix) • Net profit refers to net profit attributable to owners of the parent for the same period. © NEC Corporation 2026 2
Slide 3: Key Takeaways
Key Takeaways Significant revenue and profit growth in both IT Services and Social Infrastructure ・Domestic IT Services increased profit due to NEC BluStellar expansion and profitability improvements ・Aerospace / National Security and Submarine Systems continued to perform strongly ・Newly consolidat
Slide 4: I. Financial Results for Q2, FY27/3
I. Financial Results for Q2, FY27/3 © NEC Corporation 2026 4
Slide 5: Summary of Financial Results for 1H, FY27/3
1H Results Summary of Financial Results for 1H, FY27/3 Q1 Q2 1H FY26/3 FY27/3 FY26/3 FY27/3 FY26/3 FY27/3 (Billions of Yen) YoY YoY YoY Results Results Results Results Results Results Revenue 715.7 819.8 +14.5% 854.1 934.1 +9.4% 1,569.8 1,753.9 +11.7% Non-GAAP OP 40.0 74.7 +34.7 87.5 113.6 +26.1 127
Slide 6: Financial Results for 1H, FY27/3 (By Segment)
1H Results Financial Results for 1H, FY27/3 (By Segment) Revenue and Non-GAAP OP increased in both IT Services and Social Infrastructure Q1 Q2 1H FY26/3 FY27/3 FY26/3 FY27/3 FY26/3 FY27/3 (Billions of Yen) YoY YoY YoY Results Results Results Results Results Results Revenue 567.1 621.5 +9.6% 647.8 70
Slide 7: IT Services
1H Results IT Services Domestic: Significant profit growth driven by NEC BluStellar expansion and profitability improvements International: Significant increase in revenue and profit due to the new consolidation of CSG Q1 Q2 1H FY26/3 FY27/3 FY26/3 FY27/3 FY26/3 FY27/3 (Billions of Yen) YoY YoY YoY
Slide 8: Domestic IT Services
1H Results Domestic IT Services NEC BluStellar: Revenue and profit increased driven by the expansion of NEC BluStellar scenarios in modernization and security areas and strong performance of ABeam Consulting Base Business: Revenue decreased due to the accelerated shift to NEC BluStellar, but profit
Slide 9: Domestic IT Services Booking Status (YoY)
1H Results Domestic IT Services Booking Status (YoY) • Demand on a real basis* remained robust, centered on modernization projects • Effective order backlog coverage ratio** progressed at +3% YoY 1Q 2Q FY27/3 FY27/3 Notes Domestic IT Services +3% +4% Public (Government agencies, +3% +5% Strong deman
Slide 10: Social Infrastructure
1H Results Social Infrastructure Aerospace / National Security: Continued to perform strongly Submarine Systems: Significant revenue growth and a significant increase in profit due to the elimination of last year's one-off expenses Network Infrastructure: Profit increased through the benefits of str
Slide 11: II. Financial Forecasts for FY27/3
II. Financial Forecasts for FY27/3 © NEC Corporation 2026 11
Slide 12: FY27/3 Financial Forecasts
FY27/3 Forecasts FY27/3 Financial Forecasts Revised full-year financial forecasts considering recent performance progress and the new consolidation of CSG FY27/3 FY27/3 FY26/3 (Billions of Yen) Forecasts Changes Forecasts YoY Results as of Jul. 29 as of Oct. 28 Revenue 3,582.7 3,540.0 +200.0 3,740.0
Slide 13: FY27/3 Financial Forecasts (By Segment)
FY27/3 Forecasts FY27/3 Financial Forecasts (By Segment) Maintained the 30.0 billion yen allowance incorporated at the beginning of the fiscal year, considering component risks and macroeconomic uncertainties FY27/3 FY27/3 FY26/3 (Billions of Yen) Forecasts Changes Forecasts YoY Results as of Jul. 2
Slide 14: IT Services
FY27/3 Forecasts IT Services Revised upward, incorporating the impact of the new consolidation of CSG FY27/3 FY27/3 FY26/3 (Billions of Yen) Forecasts Changes Forecasts YoY Results as of Jul. 29 as of Oct. 28 Revenue 2,301.0 2,175.0 ±0 2,175.0 -5.5% Domestic Non-GAAP OP 316.6 329.0 ±0 329.0 +12.4 %
Slide 15: Social Infrastructure
FY27/3 Forecasts Social Infrastructure Revised upward for Aerospace / National Security and Submarine Systems based on recent performance progress FY27/3 FY27/3 FY26/3 (Billions of Yen) Forecasts Changes Forecasts YoY Results as of Jul. 29 as of Oct. 28 Revenue 478.4 545.0 +10.0 555.0 +16.0% Aerospa
Slide 16: Mid-term Management Plan 2030 Reflecting the New Consolidation of CSG
Mid-term Management Plan 2030 Reflecting the New Consolidation of CSG No change in company-wide financial targets from the Mid-term Management Plan announced on May 12 Upward revision of International IT targets and capacity for growth investments ⚫ Company-wide Financial Targets (Pro forma basis) F
Slide 17: III. Topics
III. Topics © NEC Corporation 2026 17
Slide 18: AI Topics: Anthropic, Google Cloud, Noetra
AI Topics Accelerating collaboration with global AI companies and strengthening domestic AI development Anthropic Google Cloud Noetra Expanding generative AI applications Leveraging both companies' Participating in a new company to from business sophistication to high- strengths to support corporate
Slide 19: Transmission: Expanding Global Presence in Submarine Cable Market
Expanding Global Presence in the Submarine Cable Market Announced on Sep. 22, 2026 Won an order for "Petal," the world's first commercial petabit-class optical submarine cable system - Achieving high-capacity transmission through multi-core fiber compatible technology, meeting communication demands
Slide 20: NEC Innovation Day 2026
Presentation of a Strategic Overview of NEC’s R&D Showcasing the Latest Technologies NEC Innovation Day 2026 Toshifumi Yoshizaki Executive Officer and COO (Technology & Innovation) Akio Yamada Monday, Dec. 7th Executive Officer and Chief AI Officer @NEC Tamagawa Plant (Research & Business Developmen
Slide 21: NEC Orchestrating a brighter world
NEC \ Orchestrating a brighter world
Slide 22: IV. Financial Results (Appendix)
IV. Financial Results (Appendix) © NEC Corporation 2026 22
Slide 23: NEC BluStellar (By Segment)
1H FY27/3 Results Forecasts NEC BluStellar (By Segment) 1H Full Year FY26/3 FY27/3 FY26/3 FY27/3 (Billions of Yen) YoY YoY Results Results Results Forecasts Revenue 276.7 358.3 +29.5% 638.3 760.0 +19.1% Domestic Non-GAAP OP 38.0 54.5 +16.4 94.1 132.0 +37.9 IT Services % of revenue 13.8% 15.2% +1.4%
Slide 24: Non-GAAP Operating Profit Adjustment Items
1H Results Non-GAAP Operating Profit Adjustment Items Q1 Q2 1H FY26/3 FY27/3 FY26/3 FY27/3 FY26/3 FY27/3 (Billions of Yen) YoY YoY YoY Results Results Results Results Results Results Operating Profit 35.4 58.8 +23.4 83.2 87.4 +4.2 118.6 146.2 +27.6 Amortization of Intangible Assets for M&A 6.3 5.8 -
Slide 25: Non-GAAP Net Profit Adjustment Items
1H Results Non-GAAP Net Profit Adjustment Items Q1 Q2 1H FY26/3 FY27/3 FY26/3 FY27/3 FY26/3 FY27/3 (Billions of Yen) YoY YoY YoY Results Results Results Results Results Results Net Profit 19.3 49.7 +30.4 53.5 66.7 +13.2 72.8 116.4 +43.6 Amortization of Intangible Assets for M&A 4.2 3.8 -0.4 4.4 3.8
Slide 26: Financial Position Data
1H Results Financial Position Data As of As of Change from (Billions of Yen) March 31, Sept. 30, March 31, 2026 2026 2026 Total Assets 4,466.8 4,638.9 +172.1 Total Equity 2,281.9 2,334.2 +52.3 Interest-bearing Debt 489.2 774.7 +285.5 Equity Attributable to Owners of the Parent 2,196.6 2,254.0 +57.4
Slide 27: 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