NIPPO, First Half Ordinary Profit Increases by 4%

Wed Nov 5, 2025 12:30 pm JST Earnings

9913 NIPPO LTD. 【J-GAAP】

NIPPO LTD. <9913> [TSE Std] announced its financial results at noon (12:30) on November 5th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 3.7% from the same period last year, reaching 1.01 billion yen. Progress toward the full-year plan of 1.95 billion yen was 52.1%, also surpassing 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 17.0% from the same period last year to 0.93 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 0.51 billion yen, a 2.8% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 4.4% in the same period last year to 4.4%.

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Actual Performance and Financial Trends

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	20,215M	939M	1,097M	755M	84.6	51.0	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	22,116M	839M	979M	672M	74.8	46.5	Nov 5, 2024	J-GAAP
Apr - Sep, 2025	22,186M	946M	1,015M	685M	75.9	52.1	Nov 5, 2025	J-GAAP
YoY	+0.3%	+12.8%	+3.7%	+1.9%	+1.5%

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	－	0	May 13, 2025	J-GAAP
Apr - Sep, 2025 Results	22,186M	946M	1,015M	685M	75.9	0	Nov 5, 2025	J-GAAP
Revision Rate	－	－	－	－	－

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	22,774M	1,131M	1,126M	724M	80.5	76	May 13, 2025	J-GAAP
Guidance Oct - Mar, 2025	23,314M	1,054M	935M	715M	78.9	78	Nov 5, 2025	J-GAAP
YoY	+2.4%	-6.8%	-17.0%	-1.2%	-1.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	41,922M	1,918M	2,150M	1,457M	162.8	74	May 15, 2024	J-GAAP
Mar, 2025	44,890M	1,970M	2,105M	1,396M	155.2	76	May 13, 2025	J-GAAP
Guidance Mar, 2026	45,500M	2,000M	1,950M	1,400M	154.5	78	May 13, 2025	J-GAAP
YoY	+1.4%	+1.5%	-7.4%	+0.3%	-0.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	11,277M	495M	533M	388M	43.2	4.4	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	11,622M	643M	593M	413M	45.9	5.5	Feb 4, 2025	J-GAAP
Jan - Mar, 2025	11,152M	488M	533M	311M	34.6	4.4	May 13, 2025	J-GAAP
Apr - Jun, 2025	11,109M	454M	497M	343M	38.0	4.1	Aug 5, 2025	J-GAAP
Jul - Sep, 2025	11,077M	492M	518M	342M	37.9	4.4	Nov 5, 2025	J-GAAP
YoY	-1.8%	-0.6%	-2.8%	-11.9%	-12.2%

NIPPO, First Half Ordinary Profit Increases by 4%

Actual Performance and Financial Trends

Current Period Guidance

Quarterly Results

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