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NIPPON SHARYO, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 18% Increase

Tue Oct 28, 2025 3:40 pm JST Earnings

7102 NIPPON SHARYO, LTD. 【J-GAAP】

Earnings Report

NIPPON SHARYO, LTD. <7102> [TSE Prime] announced its financial results after the market closed on October 28th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 24.7% from the same period last year, reaching 4.26 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 22.9%, from the previous forecast of 7.00 billion yen to 8.60 billion yen (compared to 7.29 billion yen in the previous period), turning to a 17.9% increase in the consolidated ordinary profit outlook.

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 October to March period (second half) is expected to grow 11.8% from the same period last year, reaching 4.33 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.50 billion yen, a 15.6% decrease compared to the same period last year. The operating profit margin decreased from 12.2% in the same period last year to 10.6%.

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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
Apr - Sep, 2023 41,782 2,899 3,018 2,114 146.5 47.9 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 45,551 3,224 3,419 2,919 202.3 46.9 Oct 28, 2024 J-GAAP
Apr - Sep, 2025 46,557 4,038 4,263 5,756 399.0 49.6 Oct 28, 2025 J-GAAP
YoY +2.2% +25.2% +24.7% +97.2% +97.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 20 Apr 28, 2025 J-GAAP
Apr - Sep, 2025 Results 46,557 4,038 4,263 5,756 399.0 20 Oct 28, 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
Mar, 2026 Prev 96,000 6,600 7,000 6,600 457.4 40 Jul 28, 2025 J-GAAP
Mar, 2026 New 98,000 8,200 8,600 8,000 554.4 40 Oct 28, 2025 J-GAAP
Revision Rate +2.1% +24.2% +22.9% +21.2% +21.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 50,789 3,711 3,878 3,497 242.3 20 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 51,443 4,162 4,337 2,244 155.5 20 Oct 28, 2025 J-GAAP
YoY +1.3% +12.2% +11.8% -35.8% -35.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 88,058 6,060 6,306 5,381 372.9 25 Apr 26, 2024 J-GAAP
Mar, 2025 96,340 6,935 7,297 6,416 444.6 35 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 98,000 8,200 8,600 8,000 554.4 40 Oct 28, 2025 J-GAAP
YoY +1.7% +18.2% +17.9% +24.7% +24.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 24,142 2,948 2,968 2,385 165.3 12.2 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 25,322 1,374 1,536 1,092 75.7 5.4 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 25,467 2,337 2,342 2,405 166.7 9.2 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 23,227 1,571 1,759 1,324 91.8 6.8 Jul 28, 2025 J-GAAP
Jul - Sep, 2025 23,330 2,467 2,504 4,432 307.2 10.6 Oct 28, 2025 J-GAAP
YoY -3.4% -16.3% -15.6% +85.8% +85.9%

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