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NICHIRIN, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 10%, Dividend Revised down by 12 Yen

Fri Aug 8, 2025 3:00 pm JST Earnings

5184 NICHIRIN CO., LTD. 【J-GAAP】

Earnings Report

NICHIRIN CO., LTD. <5184> [TSE Std] announced its financial results in the afternoon session on August 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 29.3% from the same period last year to 4.32 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 10.4%, from the previous forecast of 9.60 billion yen to 8.60 billion yen (compared to 10.3 billion yen in the previous period), leading to an increase in the profit decline rate from 7.5% to 17.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to nearly flat at 4.27 billion yen, up 0.3% from the same period last year.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 176 yen to 164 yen (compared to 176 yen in the previous period).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit decreased to 2.23 billion yen, a 23.1% decrease compared to the same period last year. However, the operating profit margin rose from 12.9% in the same period last year to 13.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 33,859 4,394 5,365 3,003 219.1 50.9 Aug 10, 2023 J-GAAP
Jan - Jun, 2024 36,283 4,882 6,122 3,827 284.3 59.0 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 35,732 4,917 4,327 3,017 229.0 50.3 Aug 8, 2025 J-GAAP
YoY -1.5% +0.7% -29.3% -21.2% -19.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 88 Feb 13, 2025 J-GAAP
Jan - Jun, 2025 Results 35,732 4,917 4,327 3,017 229.0 82 Aug 8, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 72,800 9,400 9,600 5,800 439.7 176 Feb 13, 2025 J-GAAP
Dec, 2025 New 73,600 9,100 8,600 5,000 379.1 164 Aug 8, 2025 J-GAAP
Revision Rate +1.1% -3.2% -10.4% -13.8% -13.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 35,073 4,302 4,260 2,344 175.4 101 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 37,868 4,183 4,273 1,983 150.3 82 Aug 8, 2025 J-GAAP
YoY +8.0% -2.8% +0.3% -15.4% -14.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 70,631 9,620 10,548 5,915 433.8 150 Feb 14, 2024 J-GAAP
Dec, 2024 71,356 9,184 10,382 6,171 461.8 176 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 73,600 9,100 8,600 5,000 379.1 164 Aug 8, 2025 J-GAAP
YoY +3.1% -0.9% -17.2% -19.0% -17.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 18,013 2,318 2,902 2,057 152.8 12.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 17,188 1,931 1,104 435 32.4 11.2 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 17,885 2,371 3,156 1,909 142.9 13.3 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 18,302 2,571 2,095 1,579 120.0 14.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 17,430 2,346 2,232 1,438 109.2 13.5 Aug 8, 2025 J-GAAP
YoY -3.2% +1.2% -23.1% -30.1% -28.6%

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