Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
10
¥ billions (revision to full-year Non-GAAP operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ended March 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥819.8 billion+14.5%
Operating profit¥74.7 billions +34.7%Non-GAAP
Net income¥60.9 billions +38.6%Non-GAAP net income
Operating profit margin9.1 % as a percentage of revenue, Non-GAAP
Results for the three months of the current quarter
Revenue
¥819.8 billion+14.5%
Non-GAAP operating profit
¥74.7 billion+34.7%
Non-GAAP profit for the year
¥60.9 billion+38.6%
Non-GAAP EPS
¥46
yoy_change29
Full-year earnings forecast
Revenue
¥3,540 billion
Non-GAAP operating profit
¥430 billion
Non-GAAP profit for the year
¥290 billion
Free cash flow
¥300 billion
Dividend per share
¥40
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Non-GAAP operating profit adjustment items
Operating profit
¥58.8 billion
yoy_change23.4
Amortization of intangible assets arising from acquisitions
¥5.8 billion
yoy_change-0.6
M&A-Related Costs
¥7.5 billion
yoy_change7.5
Restructuring-related expenses and impairment losses
¥2.1 billion
yoy_change2.1
Share-Based Compensation
¥0.7 billion
yoy_change0.2
New initiatives
- Joint development of business-specific AI solutions under a strategic collaboration with Anthropic
- AI initiatives with 8 financial institutions
- Launch of the NEC AI Insight Reporting Service
- Rollout of Claude to 30,000 NEC Group employees
- Integration with NEC Solution Innovators effective 1 October
Key KPIsA metric the company considers important as a management benchmark.
Domestic IT Services orders
3 % year on year
Public-sector orders
3 % year on year
Enterprise orders
6 % year on year
ABeam orders
16 % year on year
Other orders
-1 % year on year
Effective order backlog coverage ratio
2 % progress against the year-earlier level
BluStellar revenue ratio
35 %
Segment results
IT Services
Revenue
¥621.5 billion+9.6%
Non-GAAP operating profit
¥57.8 billion+17.0%
Social Infrastructure
Revenue
¥165.3 billion+37.3%
Non-GAAP operating profit
¥16.1 billion+13.0%
Other
Revenue
¥33 billion+17.4%
Non-GAAP operating profit
¥3.4 billion+3.0%
Adjustments
Non-GAAP operating profit
¥-2.5 billion
yoy_change1.7
Number of employees
30,000 people NEC Group employees covered by the Claude rollout
Annual Dividend
¥40 per share
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ended March 2026 |
| Net Sales | ¥819.8 billion (YoY +14.5%) |
| Operating profit | ¥74.7 billions (Non-GAAP) (YoY +34.7%) |
| Net income | ¥60.9 billions (Non-GAAP net income) (YoY +38.6%) |
| Operating profit margin | 9.1 % (as a percentage of revenue, Non-GAAP) |
| Results for the three months of the current quarter | Revenue ¥819.8 billion (YoY +14.5%) / Non-GAAP operating profit ¥74.7 billion (YoY +34.7%) / Non-GAAP profit for the year ¥60.9 billion (YoY +38.6%) / Non-GAAP EPS ¥46 |
| Full-year earnings forecast | Revenue ¥3,540 billion / Non-GAAP operating profit ¥430 billion / Non-GAAP profit for the year ¥290 billion / Free cash flow ¥300 billion / Dividend per share ¥40 |
| Segment results | IT Services Revenue ¥621.5 billion (YoY +9.6%) / Non-GAAP operating profit ¥57.8 billion (YoY +17.0%) / Social Infrastructure Revenue ¥165.3 billion (YoY +37.3%) / Non-GAAP operating profit ¥16.1 billion (YoY +13.0%) / Other Revenue ¥33 billion (YoY +17.4%) / Non-GAAP operating profit ¥3.4 billion (YoY +3.0%) / Adjustments Non-GAAP operating profit ¥-2.5 billion |
| Breakdown of Factors Affecting the Change | Non-GAAP operating profit adjustment items Operating profit ¥58.8 billion / Amortization of intangible assets arising from acquisitions ¥5.8 billion / M&A-Related Costs ¥7.5 billion / Restructuring-related expenses and impairment losses ¥2.1 billion / Share-Based Compensation ¥0.7 billion / Other non-recurring gains and losses Not disclosed |
| Key KPIs | Domestic IT Services orders 3 % year on year / Public-sector orders 3 % year on year / Enterprise orders 6 % year on year / ABeam orders 16 % year on year / Other orders -1 % year on year / Effective order backlog coverage ratio 2 % progress against the year-earlier level / BluStellar revenue ratio 35 % |
| Number of employees | 30,000 people (NEC Group employees covered by the Claude rollout) |
| Annual Dividend | ¥40 per share |
| New initiatives | Joint development of business-specific AI solutions under a strategic collaboration with Anthropic, AI initiatives with 8 financial institutions, Launch of the NEC AI Insight Reporting Service, Rollout of Claude to 30,000 NEC Group employees, Integration with NEC Solution Innovators effective 1 October |
Items this document does not state (17)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In Domestic IT Services, the expansion of BluStellar and improved profitability contributed to earnings, while Aerospace and Defense maintained its strong performance. Overseas IT Services reported higher revenue and earnings following the new consolidation of CSG, while Marine Systems returned to profitability as revenue recognition began for orders received in the previous fiscal year. The full-year forecast revision reflects first-quarter performance progress, but the impact of CSG's new consolidation has not been reflected in the revised forecast.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.