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Nippon Yakin, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 23%

Fri Oct 31, 2025 3:30 pm JST Earnings

5480 Nippon Yakin kogyo Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Yakin kogyo Co.,Ltd. <5480> [TSE Prime] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 36.7% from the same period last year to 5.25 billion yen, fell short of the previous forecast of 6.50 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 23.1%, from the previous forecast of 13.0 billion yen to 10.0 billion yen (compared to 16.2 billion yen in the previous period), leading to an increase in the profit decline rate from 19.8% to 38.3%.

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 drop 40.0% from the same period last year to 4.74 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.30 billion yen, a 25.6% decrease compared to the same period last year. The operating profit margin worsened from 8.7% in the same period last year to 7.2%.

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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 93,907 12,901 12,858 9,032 619.1 67.2 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 88,834 8,543 8,298 5,807 409.6 51.2 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 75,741 5,900 5,256 3,625 260.7 52.6 Oct 31, 2025 J-GAAP
YoY -14.7% -30.9% -36.7% -37.6% -36.4%

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 80,000 7,000 6,500 4,500 324.8 110 May 8, 2025 J-GAAP
Apr - Sep, 2025 Results 75,741 5,900 5,256 3,625 260.7 110 Oct 31, 2025 J-GAAP
Revision Rate -5.3% -15.7% -19.1% -19.4% -19.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 160,000 14,000 13,000 9,000 649.6 220 May 8, 2025 J-GAAP
Mar, 2026 New 148,000 11,000 10,000 7,000 505.3 220 Oct 31, 2025 J-GAAP
Revision Rate -7.5% -21.4% -23.1% -22.2% -22.2%

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 83,263 8,424 7,902 5,772 408.5 120 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 72,259 5,100 4,744 3,375 243.6 110 Oct 31, 2025 J-GAAP
YoY -13.2% -39.5% -40.0% -41.5% -40.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 180,341 20,010 19,128 13,565 933.6 200 May 9, 2024 J-GAAP
Mar, 2025 172,097 16,967 16,200 11,579 819.5 220 May 8, 2025 J-GAAP
Mar, 2026 Guidance 148,000 11,000 10,000 7,000 505.3 220 Oct 31, 2025 J-GAAP
YoY -14.0% -35.2% -38.3% -39.5% -38.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 42,239 3,670 3,100 2,219 156.5 8.7 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 42,532 4,661 4,675 3,288 232.5 11.0 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 40,731 3,763 3,227 2,484 175.8 9.2 May 8, 2025 J-GAAP
Apr - Jun, 2025 39,199 3,254 2,951 1,988 142.4 8.3 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 36,542 2,646 2,305 1,637 117.7 7.2 Oct 31, 2025 J-GAAP
YoY -13.5% -27.9% -25.6% -26.2% -24.8%

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