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NEC Corporation (https://www.nec.com/en/global/ir/) Financial Results for Q2 Fiscal Year Ending March 31, 2026 October 29, 2025 6701.T
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© NEC Corporation 2025 2 Index I. Financial Results for Q2, FY26/3 II. Financial Forecasts for FY26/3 III. Financial Results (Appendix) IV. Historical Data (Appendix) * Net profit refers to net profit attributable to owners of the parent for the same period.
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© NEC Corporation 2025 3 Key Takeaways for Financial Results for 1H, FY26/3 Domestic IT and ANS (Aerospace / Defense) performed strongly, driving significant Non-GAAP OP growth Non-GAAP OP 127.5 bil yen <YoY> +62.6 bil yen Revenue 15,698 bil yen <YoY> +5.6% FY26/3 forecasts revised to reflect recent performance Non-GAAP OP 320 bil yen → 340 bil yen
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© NEC Corporation 2025 4 I. Financial Results for Q2, FY26/3
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© NEC Corporation 2025 5 Summary of Financial Results for 1H, FY26/3 1H Results * Non-GAAP EPS have been calculated assuming that the share split had occurred at the beginning of FY25/3. ** EBITDA = Gross Profit – SG&A + Depreciation and amortization *** Non-GAAP adjustment items are shown on pages 19 and 20 Q1 Q2 1H (Billions of Yen) FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY Revenue 690.3 715.7 +3.7% +796.4 +854.1 +7.2% +1,486.7 +1,569.8 +5.6% Adjusted Operating Profit 12.7 41.7 +29.0 +48.3 +89.9 +41.6 +61.0 +131.6 +70.6 % of revenue 1.8% 5.8% +4.0% 6.1% 10.5% +4.5% 4.1% 8.4% +4.3% Non-GAAP Operating Profit +16.3 +40.0 +23.7 +48.6 +87.5 +38.9 +64.8 +127.5 +62.7 % of revenue 2.4% 5.6% +3.2% 6.1% 10.2% +4.1% 4.4% 8.1% +3.8% Non-GAAP Net Profit +10.5 +22.3 +11.8 +26.9 +56.3 +29.4 +37.4 +78.6 +41.2 % of revenue 1.5% 3.1% +1.6% 3.4% 6.6% +3.2% 2.5% 5.0% +2.5% Non-GAAP EPS (yen) * 8 17 +9 20 42 +22 28 59 +31 EBITDA ** 46.3 69.9 23.6 79.2 120.1 40.9 +125.5 +190.9 +65.4 % of revenue 6.7% 9.8% +3.1% 9.9% 14.1% +4.1% 8.4% 12.2% +3.7% Note : USD/JPY 153.15 146.16 154.16 146.33 153.66 146.25 Average Exchange Rates (Yen) EUR/JPY 165.45 162.02 167.59 169.94 166.52 165.98 Dividend per Share (Yen) * 14 16 +2
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© NEC Corporation 2025 6 -6.0 3.8 +51.8 +16.8 4.1 61.0 64.8 127.5 1,316 YoY Change in Adjusted/Non-GAAP Operating Profit 1H Results +62.6 Improved marginal profit, profitability change, etc.（ Billions of Yen ） Adj. OP FY25/3 Non-GAAP adjustment items are shown on pages 19 and 20 Non-GAAP OP FY25/3 Non-GAAP OP FY26/3 Adj. OP FY26/3 Non-GAAP Adjusted Items IT Services Social Infrastructure Others Increase in DX investment, etc. Non-GAAP Adjusted Items Gain on sale of business, etc.
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© NEC Corporation 2025 7 Financial Results for 1H, FY26/3 (By Segment) Revenue and Adj. OP increased in both IT Services and Social Infrastructure 1H Results Q1 Q2 1H (Billions of Yen) FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY Revenue 501.8 514.7 +2.6% 578.2 593.6 +2.7% 1,080.1 1,108.3 +2.6% IT Services Adj. OP 11.6 36.7 +25.0 44.6 78.9 +34.3 56.2 115.6 +59.3 % of revenue 2.3% 7.1% +4.8% 7.7% 13.3% +5.6% 5.2% 10.4% +5.2% Revenue 157.6 172.8 +9.6% 192.6 230.2 +19.5% 350.2 403.0 +15.1% Adj. OP 1.5 9.8 +8.3 10.3 18.8 +8.5 11.8 28.6 +16.8 % of revenue 1.0% 5.7% +4.7% 5.3% 8.2% +2.8% 3.4% 7.1% +3.7% Revenue 30.8 28.2 -8.7% 25.5 30.3 +18.7% 56.4 58.5 +3.8% Others Adj. OP 1.2 -0.5 -1.7 -1.1 -2.4 -1.3 0.2 -2.9 -3.0 % of revenue 3.9% -1.7% -5.6% -4.1% -7.8% -3.7% 0.3% -4.9% -5.2% Adjustments Adj. OP -1.7 -4.3 -2.6 -5.5 -5.5 +0.0 -7.2 -9.7 -2.6 Revenue 690.3 715.7 +3.7% 796.4 854.1 +7.3% 1,486.7 1,569.8 +5.6% Total Adj. OP 12.7 41.7 +29.0 48.3 89.9 +41.6 61.0 131.6 +70.6 % of revenue 1.8% 5.8% +4.0% 6.1% 10.5% +4.5% 4.1% 8.4% +4.3% Social Infrastructure
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© NEC Corporation 2025 8 * Digital Government / Digital Finance 1H Results IT Services Domestic: • Revenue increase led by the Public business (Revenue increased by 9% excluding one-off factors) • Significant Adj. OP increase due to profitability enhancement measures such as BluStellar International (DGDF): • OP increased due to improved profitability in Avaloq and the elimination of last year’s one-off expenses * Breakdown figures in each segment are for reference only Q1 Q2 1H (Billions of Yen) FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY Revenue 422.7 439.3 +3.9% 500.3 514.7 +2.9% 923.0 954.0 +3.4% Domestic IT Adj. OP 7.5 30.1 +22.6 41.4 70.8 +29.4 49.0 100.9 +52.0 % of revenue 1.8% 6.9% +5.1% 8.3% 13.8% +5.5% 5.3% 10.6% +5.3% Revenue 79.1 75.4 -4.7% 78.0 78.9 +1.2% 157.1 154.2 -1.8% Adj. OP 4.1 6.5 +2.4 3.2 8.1 +4.9 7.3 14.6 +7.3 % of revenue 5.2% 8.7% +3.5% 4.1% 10.2% +6.2% 4.6% 9.5% +4.8% Revenue 501.8 514.7 +2.6% 578.2 593.6 +2.7% 1,080.1 1,108.3 +2.6% IT Services Adj. OP 11.6 36.7 +25.0 44.6 78.9 +34.3 56.2 115.6 +59.3 % of revenue 2.3% 7.1% +4.8% 7.7% 13.3% +5.6% 5.2% 10.4% +5.2% International (DGDF)*
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© NEC Corporation 2025 9 Ratio of BluStellar Revenue 26% 28% 26% 32% 26% 30% • BluStellar expanded faster than expected and improved profitability • Profitability in the base business improved, although revenue declined mainly due to the transfer of the sales functions for business PCs 1H Results Domestic IT Services Q1 Q2 1H (Billions of Yen) FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY Revenue 422.7 439.3 +3.9% 500.3 514.7 +2.9% 923.0 954.0 +3.4% Domestic IT Adj. OP 7.5 30.1 +22.6 41.4 70.8 +29.4 49.0 100.9 +52.0 % of Revenue 1.8% 6.9% +5.1% 8.3% 13.8% +5.5% 5.3% 10.6% +5.3% Revenue 109.2 124.9 +14.4% 131.2 163.1 +24.3% 240.4 288.0 +19.8% BluStellar Adj. OP 9.8 13.9 +4.1 3.7 25.7 +22.0 13.5 39.6 +26.1 % of Revenue 8.9% 11.1% +2.1% 2.8% 15.8% +13.0% 5.6% 13.7% +8.1% Revenue 313.5 314.4 +0.3% 369.1 351.6 -4.7% 682.6 666.0 -2.4% Adj. OP -2.2 16.3 +18.5 37.7 45.1 +7.3 35.5 61.3 +25.8 % of Revenue -0.7% 5.2% +5.9% 10.2% 12.8% +2.6% 5.2% 9.2% +4.0% Base Business
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© NEC Corporation 2025 10 Q2 FY25/3 Manufacturing Public Enterprise Finance Retail / Services +19% +2% -10% +12% +44% +15% Domestic IT Services +12% Q1 FY25/3 +12% +3% -6% +14% +26% +10% +7% +38% -10% -22% +14% -9% +8% ±0% Q3 FY25/3 Q4 FY25/3 +4% -3% -3% +7% +7% -11% +5% -7% +5% +6% -7% -2% -19% +3% 1H Results Public remained strong; Enterprise expects increased bookings in 2H Abeam Consulting +14%+19% +10% +12% +14% Notes Same level as Q2 FY25/3, excluding the impact of the transfer of the sales functions for business PCs Same level as Q2 FY25/3 due to the acquisition of central government contracts Q2 FY26/3 -5% -1% -11% -5% -3% +1% -21% +13% Q1 FY26/3 Decreased due to a transition period in bookings Domestic IT Services Booking Status (YoY) Subsidiaries, etc. * Figures for FY25/3 are for reference only
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© NEC Corporation 2025 11 * Aerospace and National Security 1H Results Social Infrastructure Telecom Services: Adj. OP increased due to development cost reductions ANS*: Both revenue and Adj. OP significantly increased due to large-scale projects in Aerospace/Defense, despite one-off expenses in submarine systems * Figures for FY25/3 are for your reference only Q1 Q2 1H (Billions of Yen) FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY Revenue 84.6 84.2 -0.4% 98.1 92.6 -5.7% 182.7 176.8 -3.2% Adj. OP 0.9 6.8 +5.9 5.4 8.4 +3.0 6.3 15.2 +8.9 % of revenue 1.1% 8.0% +7.0% 5.5% 9.1% +3.6% 3.5% 8.6% +5.1% Revenue 55.6 73.5 +32.2% 73.2 122.1 +66.7% 128.8 195.5 +51.8% Adj. OP 2.9 4.5 +1.6 5.7 18.7 +13.0 8.6 23.2 +14.6 % of revenue 5.2% 6.1% +0.9% 7.8% 15.3% +7.5% 6.7% 11.9% +5.2% Revenue 73.1 88.6 +21.3% 94.5 137.6 +45.7% 167.5 226.2 +35.0% ANS Adj. OP 0.6 3.0 +2.4 4.8 10.4 +5.5 5.4 13.4 +7.9 % of revenue 0.8% 3.4% +2.6% 5.1% 7.5% +2.4% 3.3% 5.9% +2.7% Revenue 157.6 172.8 +9.6% 192.6 230.2 +19.5% 350.2 403.0 +15.1% Adj. OP 1.5 9.8 +8.3 10.3 18.8 +8.5 11.8 28.6 +16.8 % of revenue 1.0% 5.7% +4.7% 5.3% 8.2% +2.8% 3.4% 7.1% +3.7% Telecom Services Aerospace/ Defense Social Infrastructure
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© NEC Corporation 2025 12 II. Financial Forecasts for FY26/3
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© NEC Corporation 2025 13 Revenue 3,477.3 3,423.4 3,360.0 +60.0 3,420.0 Adjusted Operating Profit 223.6 287.2 310.0 +20.0 330.0 % of Revenue 6.4% 8.4% 9.2% 9.6% Non-GAAP Operating Profit 227.6 311.3 320.0 +20.0 340.0 % of Revenue 6.5% 9.1% 9.5% 9.9% Non-GAAP Net Profit 177.8 225.7 230.0 +15.0 245.0 % of Revenue 5.1% 6.6% 6.8% 7.2% EBITDA * 379.5 441.6 445.0 +20.0 465.0 % of Revenue 10.9% 12.9% 13.2% 13.6% ROIC 5.0% 6.6% 7.3% +0.5% 7.8% Free Cash Flow 195.2 213.2 290.0 ±0.0 290.0 Dividend per Share (Yen)** 24 28 32 ±0 32 Changes FY24/3 Results FY25/3 Results FY26/3 Previous Forecasts FY26/3 Forecasts as of Oct. 29 （Billions of Yen） FY26/3 Financial Forecasts * EBITDA = Gross Profit – SG&A + Depreciation and amortization ** Dividend per share have been calculated assuming that the share split had occurred at the beginning of FY24/3. FY26/3 Forecasts
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© NEC Corporation 2025 14 FY24/3 Results FY25/3 Results FY26/3 Previous Forecasts Changes FY26/3 Forecasts as of Oct. 29 Revenue 2,267.8 2,459.8 2,340.0 +60.0 2,400.0 IT Services Adjusted Operating Profit 185.7 251.8 301.0 +20.0 321.0 % of revenue 8.2% 10.2% 12.9% 13.4% Revenue 812.8 832.1 885.0 ±0.0 885.0 Adjusted Operating Profit 32.9 60.5 69.0 ±0.0 69.0 % of revenue 4.0% 7.3% 7.8% 7.8% Revenue 396.7 131.5 135.0 ±0.0 135.0 Others Adjusted Operating Profit 23.9 -3.0 -8.0 ±0.0 -8.0 % of revenue 6.0% -2.3% -5.9% -5.9% Adjustments Adjusted Operating Profit -18.9 -22.1 -52.0 ±0.0 -52.0 Revenue 3,477.3 3,423.4 3,360.0 +60.0 3,420.0 Total Adjusted Operating Profit 223.6 287.2 310.0 +20.0 330.0 % of revenue 6.4% 8.4% 9.2% 9.6% Social Infrastructure Financial Forecast (By Segment) （Billions of Yen） Forecasts for IT Services revised upward due to steady progress FY26/3 Forecasts
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© NEC Corporation 2025 15 TIME PROGRAM SPEAKER 9:00 - 9:05 Opening Remarks Osamu Fujikawa, Corporate Executive Vice President and CFO 9:10 - 10:25 BluStellar Toshifumi Yoshizaki, Corporate Senior Executive Vice President and CDO Norihiko Kimura, Corporate Executive Vice President (Executive Officer), and President of the Digital Platform Services Business Unit Takahiro Yamada, President and CEO, ABeam Consulting Ltd. 10:35 -11:35 National Security Masakazu Yamashina, Corporate Senior Executive Vice President and Co-COO Hiroyuki Nagano, Corporate Executive Vice President (Executive Officer), and President of the Aerospace and National Security Business Unit NEC IR Day 202511/13 Thu
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© NEC Corporation 2025 16 NEC Innovation Day 2025 Wednesday, Dec. 3rd @NEC Tamagawa Plant Corporate Executive Vice President and CTO Motoo Nishihara Main Host Presentation of a Strategic Overview of NEC’s R&D and Creation of New Business Showcasing the Latest Technologies 9 : 3 0- 1 1 : 3 0 For Capital Market For Media and IT Analysts1 0 : 3 0- 1 2 : 3 0 Corporate Senior Vice President Managing Director AI Technology Service Business Division Akio Yamada
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© NEC Corporation 2025 18 III. Financial Results and Forecasts (Appendix)
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© NEC Corporation 2025 19 Q1 Q2 1H FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY Adjusted Operating Profit 4.5 35.4 +30.8 40.2 83.2 +43.0 44.7 118.6 +73.9 M&A Related Amortization of Intangible Assets 8.1 6.3 - 1.8 8.2 6.7 - 1.5 16.3 13.0 - 3.3 M&A Related Expenses - 0.0 +0.0 0.0 - - 0.0 0.0 0.0 ±0.0 Adjusted Operating Profit 12.7 41.7 +29.0 48.3 89.9 +41.5 61.0 131.6 +70.6 Structural Reform Expenses and Impairment Losses 3.4 - - 3.4 -0.0 1.6 +1.6 3.4 1.6 - 1.8 Stock Compensation 0.2 0.5 +0.2 0.2 0.6 +0.3 0.5 1.0 +0.6 Other One-time Profits/Losses (Gain/Loss on sale of land, businesses, etc.) - -2.2 - 2.2 0.0 -4.5 - 4.5 0.0 -6.7 - 6.7 Non-GAAP Operating Profit 16.3 40.0 +23.7 48.6 87.5 +38.9 64.8 127.5 +62.6 Adjusted Items Adjusted Items Non-GAAP Operating Profit Adjustment Items (Billions of Yen) 1H Results
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© NEC Corporation 2025 20 Q1 Q2 1H FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY FY25/3 Results FY26/3 Results YoY Net Profit -5.8 19.3 +25.1 19.3 53.5 +34.2 13.5 72.8 +59.4 M&A Related Amortization of Intangible Assets and M&A Related Expenses 5.9 4.2 - 1.7 5.9 4.4 - 1.5 11.8 8.6 - 3.2 Structural Reform Expenses and Impairment Losses 2.5 - - 2.5 -0.7 1.1 +1.8 1.8 1.1 - 0.7 Stock Compensation 0.2 0.3 +0.2 0.1 0.4 +0.2 0.3 0.7 +0.4 Other One-time Profits/Losses (Gain/Loss on sale of land, businesses, etc.) 7.9 -1.5 - 9.4 2.2 -3.1 - 5.4 10.1 -4.7 - 14.8 Non-GAAP Net Profit 10.5 22.3 +11.8 26.9 56.3 +29.4 37.4 78.6 +41.1 Adjusted Items Non-GAAP Net Profit Adjustment Items (Billions of Yen) 1H Results
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© NEC Corporation 2025 21 As of March 31, 2025 As of Sept. 30, 2025 Change from March 31, 2025 Total Assets 4,315.4 3,988.9 - 326.5 Total Equity 2,071.5 2,050.9 - 20.6 Interest-bearing Debt 666.4 525.5 - 140.9 Equity Attributable to Owners of the Parent 1,952.0 1,971.4 +19.3 % of Equity Attributable to Owners of the Parent 45.2% 49.4% +4.2pt D/E Ratio (times) 0.34 0.27 +0.07pt Net D/E Ratio (times) 0.04 0.04 ±0pt Cash and Cash Equivalents 584.6 454.1 - 130.5 FY25/3 Results FY26/3 Results YoY Cash Flows from Operating Activities 58.7 177.4 +118.7 Cash Flows from Investing Activities -52.9 -3.2 +49.7 Free Cash Flows 5.8 174.2 +168.4 Financial Position Data 1H Results (Billions of Yen)
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© NEC Corporation 2025 22 IV. Historical Data (Appendix)
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© NEC Corporation 2025 23 Q1 1H Q3 2H Full Year Q1 1H Q3 2H Full Year Q1 1H Public 105.3 254.3 143.6 388.5 642.9 109.5 261.6 158.4 449.4 711.1 128.7 304.9 Enterprise 132.1 269.6 140.7 305.3 574.9 143.8 294.6 145.4 306.3 600.9 141.4 286.2 Subsidiaries, etc. 156.2 336.2 185.6 412.4 748.6 169.4 366.8 204.1 457.1 823.9 169.2 362.9 Domestic 393.6 860.2 469.9 1,106.2 1,966.3 422.7 923.0 507.9 1,212.8 2,135.8 439.3 954.0 International (DGDF) 65.5 137.6 78.2 163.8 301.5 79.1 157.1 78.8 166.9 324.0 75.4 154.2 IT Services 459.1 997.8 548.1 1,270.0 2,267.8 501.8 1,080.1 586.7 1,379.7 2,459.8 514.7 1,108.3 Telecom Services 94.0 199.3 101.2 240.6 439.9 84.6 182.7 101.1 229.1 411.8 84.2 176.8 ANS 66.6 162.0 89.2 210.9 372.9 73.1 167.5 113.4 252.8 420.3 88.6 226.2 Social Infrastructure 160.7 361.3 190.4 451.5 812.8 157.6 350.2 214.5 481.9 832.1 172.8 403.0 Others 86.8 189.7 105.9 207.0 396.7 30.8 56.4 34.0 75.2 131.5 28.2 58.5 Total 706.5 1,548.8 844.5 1,928.5 3,477.3 690.3 1,486.7 835.1 1,936.8 3,423.4 715.7 1,569.8 FY24/3 Results FY25/3 Results FY26/3 Results Revenue Breakdown (Billions of Yen)
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© NEC Corporation 2025 24 Adjusted OP Breakdown (Billions of Yen) Q1 1H Q3 2H Full Year Q1 1H Q3 2H Full Year Q1 1H Domestic Adjusted Operating Profit 6.6 40.2 40.6 126.5 166.7 7.5 49.0 58.6 183.5 232.5 30.1 100.9 % of revenue 1.7% 4.7% 8.6% 11.4% 8.5% 1.8% 5.3% 11.5% 15.1% 10.9% 6.9% 10.6% International (DGDF) Adjusted Operating Profit 1.0 4.6 3.7 14.3 18.9 4.1 7.3 4.1 12.0 19.3 6.5 14.6 % of revenue 1.5% 3.4% 4.7% 8.7% 6.3% 5.2% 4.6% 5.2% 7.2% 6.0% 8.7% 9.5% IT Services Adjusted Operating Profit 7.6 44.9 44.3 140.8 185.7 11.6 56.2 62.7 195.6 251.8 36.7 115.6 % of revenue 1.7% 4.5% 8.1% 11.1% 8.2% 2.3% 5.2% 10.7% 14.2% 10.2% 7.1% 10.4% Telecom Services Adjusted Operating Profit -9.4 -10.9 -2.8 12.9 2.0 0.9 6.3 28.1 44.2 50.6 6.8 15.2 % of revenue -10.0% -5.4% -2.7% 5.4% 0.5% 1.1% 3.5% 27.8% 19.3% 12.3% 8.0% 8.6% ANS Adjusted Operating Profit 1.4 11.8 7.4 19.0 30.8 0.6 5.4 -0.6 4.4 9.9 3.0 13.4 % of revenue 2.1% 7.3% 8.3% 9.0% 8.3% 0.8% 3.3% -0.5% 1.8% 2.4% 3.4% 5.9% Social Infrastructure Adjusted Operating Profit -8.0 1.0 4.7 31.9 32.9 1.5 11.8 27.6 48.7 60.5 9.8 28.6 % of revenue -5.0% 0.3% 2.5% 7.1% 4.0% 1.0% 3.4% 12.8% 10.1% 7.3% 5.7% 7.1% Others Adjusted Operating Profit 2.5 8.0 7.1 15.9 23.9 1.2 0.2 -0.2 -3.1 -3.0 -0.5 -2.9 % of revenue 2.9% 4.2% 6.7% 7.7% 6.0% 3.9% 0.3% -0.7% -4.2% -2.3% -1.7% -4.9% Adjustments Adjusted Operating Profit -1.7 -8.1 -4.9 -10.8 -18.9 -1.7 -7.2 -0.7 -15.0 -22.1 -4.3 -9.7 Total Adjusted Operating Profit 0.5 45.8 51.2 177.7 223.6 12.7 61.0 89.2 226.1 287.2 41.7 131.6 % of revenue 0.1% 3.0% 6.1% 9.2% 6.4% 1.8% 4.1% 10.7% 11.7% 8.4% 5.8% 8.4% FY24/3 Results FY25/3 Results FY26/3 Results
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© NEC Corporation 2025 25 Cautionary Statement with Respect to Forward-Looking Statements This material contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the resultsof operations, financial conditions and other overall management of the NEC Group (the "forward-looking statements"). The forward-looking statements are made based on information currently available to the Company and certain assumptions considered reasonable as of the date of this material. These determinations and assumptions are inherently subjective and uncertain. These forward-looking statements are not guarantees of future performance, and actual operating results may differ substantially due to a number of factors. The factors that may influence the operating results include, but are not limited to, the following: ・occurrence of quality and safety problems concerning products and services; ・risks related to cybersecurity; ・difficulty attracting, hiring and retaining skilled personnel; ・failure to appropriately respond to human rights issues in the value chain, including employees; ・occurrence of serious misconduct such as bribery, fraudulent accounting, and violations of personal data protection laws and regulations; ・impact of climate change, natural disasters, and environmental issues; ・adverse changes in foreign currency exchange rates or interest rates, and other economic conditions; ・difficulty achieving acquisitions and business alliances; ・political and social environment in countries and regions in which the NEC Group operates; ・impact of technological innovation and risks related to Intellectual Property Rights; ・natural disasters, pandemics and other hazard risks; and ・occurrence of compliance issues related to violations of competition laws and export control laws. The forward-looking statements contained in this material are based on information that the Company possesses as of the date hereof. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect the NEC Group. The Company does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Note: In this presentation, the accounting periods of the fiscal years for March 31,2024, 2025, and 2026 were referred as FY24/3, FY25/3, and FY26/3, respectively. Any other fiscal years would be referred similarly.