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Nippon Seisen, First Half Ordinary Profit Decreases by 47%, Jul-Sep Ordinary Profit Decreases by 33%

Wed Oct 29, 2025 2:30 pm JST Earnings

5659 Nippon Seisen Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Seisen Co., Ltd. <5659> [TSE Prime] announced its financial results in the afternoon session on October 29th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 46.9% from the same period last year to 1.24 billion yen. Progress toward the full-year plan of 3.20 billion yen was 38.8%, also falling below the five-year average of 47.9%.

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 12.7% from the same period last year to 1.95 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 0.75 billion yen, a 33.2% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.7% in the same period last year to 6.5%.

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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
Apr - Sep, 2023 21,755 1,625 1,742 1,221 39.9 47.1 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 23,371 2,318 2,341 1,609 52.5 51.1 Oct 29, 2024 J-GAAP
Apr - Sep, 2025 22,478 1,194 1,242 902 29.4 38.8 Oct 29, 2025 J-GAAP
YoY -3.8% -48.5% -46.9% -43.9% -44.0%

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 21,000 1,100 1,100 800 26.1 16 Apr 28, 2025 J-GAAP
Apr - Sep, 2025 Results 22,478 1,194 1,242 902 29.4 16 Oct 29, 2025 J-GAAP
Revision Rate +7.0% +8.5% +12.9% +12.8% +12.8%

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 23,378 2,258 2,244 1,641 53.5 28 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 21,022 2,006 1,958 1,398 45.5 26 Oct 29, 2025 J-GAAP
YoY -10.1% -11.2% -12.7% -14.8% -14.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 44,727 3,537 3,699 2,592 84.5 42 Apr 26, 2024 J-GAAP
Mar, 2025 46,749 4,576 4,585 3,250 106.0 56 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 43,500 3,200 3,200 2,300 74.9 42 Apr 28, 2025 J-GAAP
YoY -6.9% -30.1% -30.2% -29.2% -29.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 11,829 1,152 1,137 782 25.5 9.7 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 12,109 1,177 1,245 858 28.0 9.7 Jan 30, 2025 J-GAAP
Jan - Mar, 2025 11,269 1,081 999 783 25.5 9.6 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 11,275 464 483 315 10.3 4.1 Jul 25, 2025 J-GAAP
Jul - Sep, 2025 11,203 730 759 587 19.1 6.5 Oct 29, 2025 J-GAAP
YoY -5.3% -36.6% -33.2% -24.9% -25.0%

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