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NIHON KOGYO, First Half Ordinary Profit Turns to Profit

Tue Oct 28, 2025 4:30 pm JST Earnings

5279 NIHON KOGYO CO., LTD. 【J-GAAP】

Earnings Report

NIHON KOGYO CO., LTD. <5279> [TSE Std] announced its financial results after the market closed on October 28th (16:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a profit of 128 million yen (compared to a loss of 60 million yen in the same period last year), exceeded the previous forecast of 80 million yen.

Progress toward the full-year plan of 650 million yen was 19.7%, exceeding the five-year average of 15.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 25.4% from the same period last year to 522 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of 76 million yen (compared to a loss of 23 million yen in the same period last year). The operating profit/loss margin improved from -1.0% in the same period last year to 1.9%.

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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 5,920 56 81 32 11.3 17.5 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 5,670 -89 -60 -63 -21.9 ー Oct 28, 2024 J-GAAP
Apr - Sep, 2025 6,859 107 128 74 25.8 19.7 Oct 28, 2025 J-GAAP
YoY +21.0% － － － －

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 6,500 70 80 40 13.7 0 Apr 28, 2025 J-GAAP
Apr - Sep, 2025 Results 6,859 107 128 74 25.8 0 Oct 28, 2025 J-GAAP
Revision Rate +5.5% +52.9% +60.0% +85.0% +87.9%

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 9,076 683 700 456 157.5 40 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 7,941 503 522 346 118.6 45 Oct 28, 2025 J-GAAP
YoY -12.5% -26.4% -25.4% -24.1% -24.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 13,673 414 464 295 101.9 30 Apr 30, 2024 J-GAAP
Mar, 2025 14,746 594 640 393 135.7 40 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 14,800 610 650 420 144.0 45 Apr 28, 2025 J-GAAP
YoY +0.4% +2.7% +1.6% +6.9% +6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,869 -28 -23 -15 -5.2 -1.0 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 4,190 347 356 240 82.9 8.3 Jan 24, 2025 J-GAAP
Jan - Mar, 2025 4,886 336 344 216 74.6 6.9 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 3,059 35 52 28 9.7 1.1 Jul 25, 2025 J-GAAP
Jul - Sep, 2025 3,800 72 76 46 16.0 1.9 Oct 28, 2025 J-GAAP
YoY +32.5% － － － －

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