Nabtesco Corporation (6268) Q2 2026 Earnings Call Transcript

(Translation) This document has been translated from the Japanese original for the convenience of overseas stakeholders Q2 FY2026 Financial Results Briefing Q&A Date and time: Wednesday, August 5, 2026, 10:00–11:00 No. 1

Topic Overall

Q

A

Looking at progress under

We will pursue both sales expansion

the

2

Overall

Medium-Term and profitability improvement in CMP.

Management Plan, CMP is

Over the medium to long term, we aim

currently slightly less than

to expand the scale of the business

5%

through increasing sales

short

of

the

OPM

of RV mini

referential target excluding

and

the

equipment

and higher utilization rate at the

business. Are there any

Hamamatsu Plant. Regarding TRS,

measures to achieve the

supported

target?

conditions in the aircraft equipment

hydraulic

Also,

TRS

has

general industrial applications,

by

favorable

marine

vessel

market

already achieved its OPM

and

equipment

target; are there any new

businesses, we will continue to expand

OPM targets?

sales and increase profit amount.

The upward revision to the

We do not see any major risk factors in

full-year plan appears to

the H2 plan. The situation in

reflect

the

the

strong

H1

Middle East remains a concern in terms

performance,

while

the

of downward pressure on the global

second-half plan does not

economy, and cost increases due to

seem

inflation have been factored in within

to

have

changed

significantly. Are there any

our assumptions.

concerns for H2? 3

Overall

CMP’s OPM is 10.6% in H1

There has been a shift of expenses from

and 9.8% in H2, while TRS’s

H1 to H2, amounting to JPY0.6 billion

OPM is 17.2% in H1 and

in CMP and JPY 0.5 billion in TRS.

17.0% in H2. Compared

Taking these into account, CMP’s OPM

with H1, OPM appears to

would be 9.3% in H1 and 11.0% in H2,

deteriorate in H2. What is

while TRS’s OPM would be 16.3% in H1

the background behind this?

and

18.1%

in

H2.

Therefore,

profitability is on an upward trend from H1 to the H2. 4

Overall

Based on your company ’ s

We believe there are no major changes in

foreign exchange sensitivity,

the business structure itself.

the foreign exchange impact

Due to substantial changes in exchange

appears to have been quite

rates compared with both the same period

large year on year. What were

of the previous year and the initial plan,

the factors behind this?

there were significant foreign exchange impact

(Translation) This document has been translated from the Japanese original for the convenience of overseas stakeholders No. 5

Topic Overall

Q The

company

A announced

The immediate priority is how to drive

acquisition of Own Shares

sales growth in CMP and TRS. At the

(share buyback), and if it

same time, we will also pursue a

proceeds as planned, the ROE

disciplined capital policy in parallel.

target will be 8.9%. Are there any specific capital policies in place to achieve ROE of 10.0%? 6

CMP

At

the

results

previous

financial

Based on recent trends, we recognize that

you

signs of recovery have started to emerge

briefing,

mentioned that a recovery in

for H2.

demand for industrial robots in the United States was not yet visible. Are there any signs of recovery now? 7

CMP

What is your outlook for

We expect the favorable trend seen in H1

CMP’s performance in H2?

to continue in H2, with progress in line with our assumptions at the beginning of the fiscal year. At present, we do not see any downward trend in orders, and we are gaining confidence in expanding sales not only for industrial robots but also for general industrial applications.

8

CMP

How much of the increase in

JPY 0.5 billion price pass-through effect

CMP profit was attributable

was included in H1 profit on YoY .

to price pass-through? 9

CMP

To what extent is RV mini

Shipments have started from H2, with

contributing to orders and

sales of slightly less than JPY 0.2 billion.

sales?

Although its sales is still small, we will promote sales expansion as one action for expanding the CMP business area.

(Translation) This document has been translated from the Japanese original for the convenience of overseas stakeholders No. 10

Topic CMP

Q

A

Please tell us about the

RV mini is designed with specifications

expected sales scale of RV

that allow it to be adopted in equipment

mini for next fiscal year and

for general industrial applications, and we

customer feedback. Also, in

are receiving inquiries. We will first enter

what countries and for what

the wrist-axis application of six-axis

types of equipment are you

vertically articulated industrial robots,

considering

while

expanding

its

also

considering

adoption

in

applications from next fiscal

collaborative robots and machine tools.

year onward?

Although we cannot provide a specific numerical target for next year, deliveries to existing customers have started from H2, and we intend to increase the number of robot models from customers in which RV mini is installed.

11

CMP

We believe it will still take some time How are sales of Monocrank

before Monocrank contributes to sales.

and AMRs progressing?

Since its announcement at an exhibition, we have received many inquiries, andWe see this market as a key growth driver and intend to nurture it into one of the pillars of our future growth.. As for AMR, in collaboration

with

machinery

business,

the

packaging

deliveries

to

customers began this spring, and we expect it to contribute to the business going forward. 12

TRS

Is there any shortage of

At present, there is no shortage of

production capacity in the

production capacity. The expansion of the

aircraft equipment business?

Gifu Plant has already been completed

Is

based on the assumption that Boeing ’ s

additional

necessary?

investment

production rate would increase, so we have sufficient space. We plan to expand production capacity in line with the launch of the 777X in 2027.

(Translation) This document has been translated from the Japanese original for the convenience of overseas stakeholders No. 13

Topic ACB

Q

A

Although ACB accounts for

We

one-third of companywide

profitability as a major challenge and have

sales,

already

its

OPM

has

not

recognize

improving

decided

to

ACB ’ s

withdraw

from

reached 11.2%, the reference

construction-inclusive projects in the

target under the Medium-

overseas platform screen door business,

term Management Plan, even

which is unprofitable. Only two projects

amid the tailwind from the

remain, in Hong Kong and Glasgow, and

weaker yen. Are there any

they are scheduled to be completed next

measures to improve OPM

year. We will focus on the automatic door

going forward?

business for buildings and, by leveraging digital technologies, shift from time-based maintenance maintenance.

to

monitoring-based