NF HOLDINGS CORPORATION

Since its founding in 1963, the company has leveraged its proprietary circuit design technology to develop and supply highly functional products such as signal generators, impedance measuring instruments, and bipolar power supplies. It maintains a customer base spanning diverse industrial fields including semiconductor manufacturing equipment, aerospace, railway infrastructure, heavy electrical equipment, and home appliances, meeting customer needs through both standard and custom-order products. In FY2026 (ending March 2026), orders for Measurement & Control Device Related Products increased 11.0% year on year, while orders for Power Supply & Control Related Products increased 15.1% year on year, indicating solid demand.

The Group's core strength in high-power conversion technology serves as the foundation for developing industrial energy storage systems and various power supply devices. Leveraging this technology, the company has expanded its scope of application, including securing revenue from contract development of IoT platforms for energy storage systems. In addition, in April 2025 the company obtained ISO13485 (medical device quality management) certification, establishing a quality foundation that supports the expansion of its technology into the life sciences field.

Selling, general and administrative expenses were reduced by ¥152 million, from ¥2,708 million in the previous fiscal year to ¥2,556 million in the current fiscal year, while gross profit increased by ¥245 million year on year. As a result, the operating margin improved for three consecutive fiscal years, from 4.5% in FY2024 (ended March 2024) to 6.0% in FY2025 (ended March 2025) to 10.3% in FY2026 (ending March 2026), achieving the company's target of 10% or higher. While proceeding with the repayment of long-term borrowings (¥1,111 million), the company also maintains a solid financial base, with net assets of ¥14,040 million and a high equity ratio.

The company dissolved its home-use storage battery business (NF Blossom Technologies) and is concentrating management resources on the industrial energy storage system market, leveraging its high-power conversion technology. It has also secured development contract revenue for an IoT platform for energy storage systems, aiming to establish a foothold in the industrial market.

The company has positioned expansion into markets utilizing renewable energy, including hydrogen-related businesses, as a key theme for new market development. It is advancing the development of products and solutions applying high-power conversion technology, aiming to generate revenue over the medium to long term in a stable and growing market.

The company is strengthening its development capabilities through selection and concentration by narrowing down key themes. It is consolidating raw material procurement functions within operating companies, and enhancing collaboration among sales, procurement, and production to improve QCD and build resilience against rising raw material prices. In FY2026 (ending March 2026), combined orders for both fields increased by more than 13% year on year.

In the quantum computer field, the company is working to raise its profile through exhibitions at overseas trade shows; in the life sciences field, it is expanding into the medical measurement domain by applying micro-signal measurement and impedance measurement technologies; and in the aerospace field, it is promoting new business development as a medium- to long-term initiative.

Demand for maintenance services is increasing in line with the expansion of the installed product base. In FY2026 (ending March 2026), sales reached ¥686 million (up 20.6% year on year), recording high growth. The company will continue to focus on improving service quality to strengthen its stable revenue base.