NECNEC Corporation6701東証プライム電気機器FY ending Mar 2026, consolidated, IFRS

NEC FY ending Mar 2026 results

About 70% of NEC's sales come from IT Services, with Social Infrastructure and Other making up much of the rest.

Out of every ¥100 of sales, about ¥10 is left as operating profit.

Revenue changed +4.7% from the prior year, operating profit +40.3%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +4.7% · profit +40.3%, calculated from disclosed figures.

Operating leverage: 8.66× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +4.7%¥3.42T → ¥3.58T
Gross profit: +11.4%¥1.06T → ¥1.18T
Operating income: +40.3%¥256.5B → ¥359.9B
Net income attributable to owners: +54.3%¥175.2B → ¥270.2B
Operating cash flow: +27.3%¥344.4B → ¥438.5B
Free cash flow: +79.0%¥193.8B → ¥346.9B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥3.58T, up 4.7% from ¥3.42T.
Operating income jumped 40.3% to ¥359.9B from ¥256.5B, far outpacing sales growth.
Net income attributable to owners rose 54.3% to ¥270.2B.
Operating cash flow grew 27.3% to ¥438.5B, and free cash flow came to ¥346.9B.

What drove the change

IT Services sold more to Japanese government agencies, and BluStellar helped lift profitability
Social Infrastructure grew on higher sales in aerospace and national security, including defense
Pretax income got a boost from a gain on selling shares of Japan Aviation Electronics Industry

Things to watch

Results depend on the economy, corporate IT spending and telecom carriers' investment
Quality problems or poorly managed projects could force recalls or compensation to customers
Cyberattacks are getting more sophisticated, raising the risk of data leaks and service outages

Annual Securities Report, 188th term (Apr 2025 – Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 (MD&A) · Annual Securities Report, 188th term (Apr 2025 – Mar 2026) / 事業等のリスク (Business risks)

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 NEC sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥67
SG&A: ¥23
Operating profit: ¥10
Net profit kept: ¥8

Annual margin trends

Gross margin33.0%

Operating margin10.0%

Net margin7.5%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

IT Services¥2.51T
70%
Op. margin 13.4%Industry: IT Services & System Integration
Social Infrastructure¥935.3B
26%
Op. margin 7.9%Industry: Defense
Other¥138.5B
4%
Op. margin -3.0%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第188期(2025/04/01－2026/03/31)
ID S100YBFV2026-06-18Open
EDINET (FSA Japan)
有価証券報告書－第187期(2024/04/01－2025/03/31)
ID S100VZ852025-06-19Open
EDINET (FSA Japan)
有価証券報告書－第186期(2023/04/01－2024/03/31)
ID S100TNFD2024-06-21Open
EDINET (FSA Japan)
有価証券報告書－第185期(2022/04/01－2023/03/31)
ID S100R0D02023-06-22Open
EDINET (FSA Japan)
有価証券報告書－第184期(令和3年4月1日－令和4年3月31日)
ID S100OAPM2022-06-22Open
EDINET (FSA Japan)
有価証券報告書－第183期(令和2年4月1日－令和3年3月31日)
ID S100LLHV2021-06-22Open

Extracted from XBRL: 45 / Derived from other figures: 1

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