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Naikai Zosen, First Half Ordinary Profit Increases by 3.6 times, Jul-Sep Ordinary Profit Increases by 6.1 times

Thu Nov 6, 2025 3:30 pm JST Earnings

7018 Naikai Zosen Corporation 【J-GAAP】

Earnings Report

Naikai Zosen Corporation <7018> [TSE Std] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 3.6 times that of the same period last year, reaching 1.35 billion yen. Progress toward the full-year plan of 2.45 billion yen was 55.4%, also surpassing the five-year average of 48.5%.

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 expand 36.6% from the same period last year, reaching 1.09 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 6.1 times that of the same period last year, reaching 0.94 billion yen. The operating profit margin significantly improved from 4.1% in the same period last year to 8.4%.

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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 26,342 2,691 2,698 2,197 1,296.7 87.4 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 22,787 636 377 357 210.9 32.0 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 21,652 1,391 1,357 1,083 639.5 55.4 Nov 6, 2025 J-GAAP
YoY -5.0% +118.7% +259.9% +203.4% +203.2%

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 － － May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 21,652 1,391 1,357 1,083 639.5 － Nov 6, 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 21,861 779 800 660 389.7 40 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 24,848 1,209 1,093 917 541.1 40 Nov 6, 2025 J-GAAP
YoY +13.7% +55.2% +36.6% +38.9% +38.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 46,383 3,183 3,088 2,261 1,333.9 100 May 10, 2024 J-GAAP
Mar, 2025 44,648 1,415 1,177 1,017 600.6 40 May 12, 2025 J-GAAP
Mar, 2026 Guidance 46,500 2,600 2,450 2,000 1,180.1 40 Oct 10, 2025 J-GAAP
YoY +4.1% +83.7% +108.2% +96.7% +96.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,328 379 156 148 87.4 4.1 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 12,001 564 624 527 311.1 4.7 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 9,860 215 176 133 78.5 2.2 May 12, 2025 J-GAAP
Apr - Jun, 2025 10,192 426 410 395 233.5 4.2 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 11,460 965 947 688 406.3 8.4 Nov 6, 2025 J-GAAP
YoY +22.9% +154.6% +507.1% +364.9% +364.6%

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