NS Solutions Corporation

Sales revenue to Nippon Steel Corporation, the largest customer, was ¥70,555 million in FY2026 (ending March 2026) (18.5% of sales revenue). While capturing continuous investment demand related to the company's new facility installations and other needs, the company diversifies its customer base across multiple industries including manufacturing, finance, and distribution, maintaining a stable order backlog while suppressing dependency risk on specific customers. The order backlog remained at a high level of ¥198,963 million (up 15.0% year on year).

Against a backdrop of strong demand for proprietary developed assets such as PPMP, ConSeek TM, CloudHarbor, and Delifit AI, the gross profit margin in FY2026 (ending March 2026) improved by 2.5 percentage points year on year to 26.7%. The rate of increase in cost of sales (8.9%) was below the rate of increase in sales revenue (12.7%), confirming numerically an improvement in the earnings structure. The proportion of TAM-type sales expanded to 38%, indicating progress in the shift toward a high-profitability model.

In FY2026 (ending March 2026), the company acquired all shares of Infocom Corporation (acquisition consideration of ¥55,088 million) and made the Indonesian company Avicena a wholly owned subsidiary. Under the medium-term plan, the company plans to invest a total of approximately ¥1,500 million over three years, targeting effects from M&A of approximately ¥470 million in sales revenue and approximately ¥70 million in operating profit. The financial base remains sound, with an equity attributable to owners of the parent ratio of 66.9% and cash and cash equivalents of ¥108,798 million.

Promoting transition to three models: SI Transformation (T-type), Asset Driven (A-type), and Multi Company Platform (M-type). Achieved 38% TAM-type revenue mix in the current period (+33% YoY). Continuing asset development and market launch of PPMP, ConSeek TM, CloudHarbor, Delifit AI, COCOTRA, NSSIRIUS, and others.

Made Infocom, which holds proprietary assets in process manufacturing, ERP for mid-sized enterprises (GRANDIT), healthcare, and other areas, a wholly owned subsidiary through an acquisition for consideration of ¥55,088 million (completed July 1, 2025). Consolidated revenue of ¥22,634 million and net income of ¥1,490 million from the acquisition date onward. Currently promoting synergy creation through integration of the two companies' business know-how, technical capabilities, and sales channels.

Established the proprietary development and operations integration platform 'Nestorium,' equipped with generative AI and automation technologies, as the company-wide standard IT service platform. Working to substantially improve development productivity through utilization of the AI-driven development platform 'NS Devia,' aiming to improve cost ratio and gross profit margin.

In addition to making Indonesian company Abisena a wholly owned subsidiary, established the India Utilization Promotion Team in January 2026. Working to incorporate abundant Indian IT resources into the company's own operations while accelerating consideration of alliances with Indian vendors. Aiming to improve cost competitiveness and expand business through strengthening the global development structure.

Full-year earnings forecast for FY2027 (ending March 2027) is revenue of ¥417,000 million (+9.4% YoY), operating income of ¥47,500 million (+7.4% YoY), and net income attributable to owners of the parent of ¥31,600 million (+2.5% YoY). Revenue and profit growth are expected through continued execution of medium-term management plan initiatives, but the profit growth rate is expected to fall below the revenue growth rate due to cost burdens including increased SG&A expenses and goodwill amortization.