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Nippon Beet Sugar Manufacturing, Net Income Forecast for First Half Turns to Profit, Exceeds Expectations, Full Year also Increased

Fri Aug 8, 2025 2:00 pm JST Earnings

2108 Nippon Beet Sugar Manufacturing Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Beet Sugar Manufacturing Co.,Ltd. <2108> [TSE Prime] announced its financial results in the afternoon session on August 8th (14:00). The consolidated net income for the first quarter of the fiscal year ending March 2026 (April to June) significantly dropped 97.1% from the same period last year to 0.16 billion yen.

However, the April to September period (first half) consolidated net income has been revised upward from an expected loss of 0.05 billion yen to a profit of 1.00 billion yen (compared to a profit of 5.81 billion yen in the same period of the previous year), turning to a profit.

Following the strong performance in the first half, the full-year forecast for consolidated net income has been revised upward 2.3 times, from the previous forecast of 0.80 billion yen to 1.85 billion yen (compared to 2.70 billion yen in the previous period), and the declining rate is expected to decrease from 70.4% to 31.6%.

In the most recent three-month period, from April to June (1Q), the operating profit/loss margin worsened from 1.9% in the same period last year to -0.5%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 16,455 -318 210 118 8.9 11.8 Aug 10, 2023 J-GAAP
Apr - Jun, 2024 14,916 290 646 5,815 453.5 85.1 Aug 9, 2024 J-GAAP
Apr - Jun, 2025 17,168 -89 303 167 13.5 606.0 Aug 8, 2025 J-GAAP
YoY +15.1% － -53.1% -97.1% -97.0%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 35,000 -300 50 -50 -4.1 － May 14, 2025 J-GAAP
Apr - Sep, 2025 New 35,000 -300 50 1,000 81.4 － Aug 8, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 70,000 600 1,200 800 66.2 80 May 14, 2025 J-GAAP
Mar, 2026 New 70,000 600 1,200 1,850 153.0 80 Aug 8, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +131.3% +131.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 29,182 502 759 5,816 459.3 － Nov 8, 2024 J-GAAP
Apr - Sep, 2025 Guidance 35,000 -300 50 1,000 81.4 － Aug 8, 2025 J-GAAP
YoY +19.9% － -93.4% -82.8% -82.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 69,297 910 1,802 1,811 138.5 55 May 14, 2024 J-GAAP
Mar, 2025 64,796 535 1,124 2,703 215.2 80 May 14, 2025 J-GAAP
Mar, 2026 Guidance 70,000 600 1,200 1,850 153.0 80 Aug 8, 2025 J-GAAP
YoY +8.0% +12.1% +6.8% -31.6% -28.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 14,916 290 646 5,815 453.5 1.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,266 212 113 1 0.1 1.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 17,435 -1,333 -991 -819 -65.0 -7.6 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 18,179 1,366 1,356 -2,294 -182.6 7.5 May 14, 2025 J-GAAP
Apr - Jun, 2025 17,168 -89 303 167 13.5 -0.5 Aug 8, 2025 J-GAAP
YoY +15.1% － -53.1% -97.1% -97.0%

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