kabutan

NAGASE, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 5%, Raises Record High Profit Forecast

Thu Nov 6, 2025 3:40 pm JST Earnings

8012 NAGASE & CO., LTD. 【J-GAAP】

Earnings Report

NAGASE & CO., LTD. <8012> [TSE Prime] announced its financial results after the market closed on November 6th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 20.7 billion yen, a 2.1% increase compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 5.5%, from the previous forecast of 38.5 billion yen to 40.6 billion yen (compared to 38.3 billion yen in the previous period), increasing the growth rate from 0.3% to 5.8%, further surpassing the previous forecast of record-high profits for two consecutive terms.

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 grow 9.9% from the same period last year, reaching 19.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 7.6% from the same period last year, reaching 10.0 billion yen. The operating profit margin remained almost flat, changing from 4.3% in the same period last year to 4.5%.

Kabutan News

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 450,199 14,483 14,245 10,247 88.5 46.6 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 480,976 21,054 20,297 15,977 142.1 52.9 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 479,734 21,058 20,717 15,089 141.4 51.0 Nov 6, 2025 J-GAAP
YoY -0.3% +0.0% +2.1% -5.6% -0.5%

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 － 45 May 8, 2025 J-GAAP
Apr - Sep, 2025 Results 479,734 21,058 20,717 15,089 141.4 45 Nov 6, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 955,000 39,500 38,500 31,500 300.5 95 May 8, 2025 J-GAAP
Mar, 2026 New 964,000 40,700 40,600 31,500 300.5 95 Nov 6, 2025 J-GAAP
Revision Rate +0.9% +3.0% +5.5% 0.0% 0.0%

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 463,985 18,024 18,085 9,544 86.2 45 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 484,266 19,642 19,883 16,411 156.5 50 Nov 6, 2025 J-GAAP
YoY +4.4% +9.0% +9.9% +72.0% +81.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 900,149 30,618 30,591 22,402 195.0 80 May 8, 2024 J-GAAP
Mar, 2025 944,961 39,078 38,382 25,521 230.4 90 May 8, 2025 J-GAAP
Mar, 2026 Guidance 964,000 40,700 40,600 31,500 300.5 95 Nov 6, 2025 J-GAAP
YoY +2.0% +4.2% +5.8% +23.4% +30.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 241,775 10,320 9,348 8,562 76.1 4.3 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 237,068 9,948 10,403 5,735 51.5 4.2 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 226,917 8,076 7,682 3,809 34.4 3.6 May 8, 2025 J-GAAP
Apr - Jun, 2025 237,314 10,249 10,662 7,507 69.6 4.3 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 242,420 10,809 10,055 7,582 71.1 4.5 Nov 6, 2025 J-GAAP
YoY +0.3% +4.7% +7.6% -11.4% -6.7%

Related Articles