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Nippi Inc, First Half Ordinary Profit Increases by 38%

Fri Nov 7, 2025 3:30 pm JST Earnings

7932 Nippi,Incorporated 【J-GAAP】

Earnings Report

Nippi,Incorporated <7932> [TSE Std] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 2.14 billion yen, an increase 37.7% compared to the same period last year, exceeded the previous forecast of 1.70 billion yen.

However, Progress toward the full-year plan of 3.80 billion yen was 56.5%, below the five-year average of 61.0%.

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 19.6% from the same period last year to 1.65 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 0.96 billion yen. The operating profit margin improved from 5.1% in the same period last year to 8.0%.

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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 24,418 1,830 1,916 1,377 479.0 51.2 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 25,003 1,646 1,559 1,109 385.6 43.1 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 24,020 2,056 2,146 1,351 470.2 56.5 Nov 7, 2025 J-GAAP
YoY -3.9% +24.9% +37.7% +21.8% +21.9%

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 24,500 1,700 1,700 1,200 417.3 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 24,020 2,056 2,146 1,351 470.2 0 Nov 7, 2025 J-GAAP
Revision Rate -2.0% +20.9% +26.2% +12.6% +12.7%

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 24,138 1,981 2,056 1,348 468.8 600 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 24,980 1,744 1,654 1,249 439.2 633 Nov 7, 2025 J-GAAP
YoY +3.5% -12.0% -19.6% -7.3% -6.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 49,046 3,612 3,740 2,548 886.0 220 May 15, 2024 J-GAAP
Mar, 2025 49,141 3,627 3,615 2,457 854.5 600 May 15, 2025 J-GAAP
Mar, 2026 Guidance 49,000 3,800 3,800 2,600 914.4 633 May 15, 2025 J-GAAP
YoY -0.3% +4.8% +5.1% +5.8% +7.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,380 628 433 361 125.5 5.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 12,465 951 1,102 773 268.9 7.6 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 11,673 1,030 954 575 200.0 8.8 May 15, 2025 J-GAAP
Apr - Jun, 2025 12,271 1,117 1,181 911 317.0 9.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 11,749 939 965 440 153.1 8.0 Nov 7, 2025 J-GAAP
YoY -5.1% +49.5% +122.9% +21.9% +22.0%

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