#NEC

Resolved to dispose of 110,000 shares of treasury stock at 2,307 yen per share, totaling 253,770,000 yen, as restricted stock compensation to 1,100 employees of the company and its subsidiaries on July 3, 2026.

An organizational restructuring including the establishment of the Purpose Promotion Department will be implemented as of April 1, 2026, along with multiple changes in executive officers and personnel transfers.

Share buyback upper limit of 60 million shares, maximum acquisition value of 150 billion yen, acquisition period from February 17, 2026 to August 31, 2026, scheduled cancellation date September 18, 2026.

Full-year 2025 revenues were 4,429.5 billion yen, adjusted operating income was 493.7 billion yen, and net income was 327.3 billion yen. For 2026, revenues are expected to reach 4,500 billion yen, adjusted operating income 515.0 billion yen, and net income 340.0 billion yen.

For the fiscal year ending December 2025, consolidated revenue was JPY 4,429.5 billion (down 0.01% YoY), adjusted operating income was JPY 493.7 billion (up 2% YoY), and net income attributable to owners of parent was JPY 327.3 billion (up 15% YoY). A stock split was implemented on January 1, 2026.

In Q3 of the fiscal year ending March 2026, Mirait One Corporation achieved record-high net sales of ¥412.1 billion (+3.9% YoY), operating income of ¥17.5 billion (an increase of ¥5.4 billion YoY), and backlog orders of ¥385.3 billion (+20.9% YoY), marking both revenue and profit growth with a progress rate of 51.5% toward the full-year plan.

Standalone sales for January 2026 increased 6.8% year-over-year. The Laboratory segment grew by 10.6%, Industry by 4.9%, and Medical declined by 4.1%.

The full-year earnings forecast for the fiscal year ending March 2026 has been revised upward to net sales of 29,500 million yen (+1.3% from the previous forecast), operating income of 5,380 million yen (+13.0%), and net income attributable to owners of parent of 4,650 million yen (+7.1%). The year-end dividend has been increased to 66 yen, resulting in an annual...

For the third quarter of the fiscal year ending March 2026, revenue was 135,665 million yen (7.1% increase YoY), operating income was 19,561 million yen (7.9% increase YoY), and net income attributable to owners of the parent was 11,344 million yen (0.9% increase YoY).

Recorded extraordinary income of 690,432 thousand yen (subsidy income) and extraordinary loss of 675,580 thousand yen (fixed asset impairment loss) in the third quarter of the fiscal year ending March 2026.

For the third quarter of the fiscal year ending March 2026, net sales were 23,446 million yen (down 0.9% YoY), operating income was 4,520 million yen (up 0.8% YoY), and quarterly net income was 3,978 million yen (up 5.4% YoY). Full-year earnings guidance and dividend forecast were revised upward.

NEC Corporation plans to conduct a share buyback of up to 68 million shares (0.51% of total issued shares) with an upper limit of 30 billion yen from February 10, 2026, to March 31, 2026.