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NISSIN FOODS, Net Income Forecast for the Fiscal Year Revised Downward to a 43 Billion Yen

Mon Nov 10, 2025 1:15 pm JST Earnings

2897 NISSIN FOODS HOLDINGS CO.,LTD. 【IFRS】

Earnings Report

NISSIN FOODS HOLDINGS CO.,LTD. <2897> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on November 10th (13:15). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 22.2% from the same period last year to 22.5 billion yen.

In addition, the full-year forecast for consolidated net income has been revised downward from the previous range of 53.0 billion to 56.0 billion yen to a new 43.0 billion yen.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 21.4% from the same period last year to 20.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 11.3 billion yen, a 13.6% decrease compared to the same period last year. The operating profit margin decreased from 10.3% in the same period last year to 8.1%.

Note: If the earnings forecast is disclosed as a range, the article is based on the midpoint of that range.

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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 350,370 44,903 46,476 32,010 105.3 60.4 Nov 9, 2023 IFRS
Apr - Sep, 2024 378,090 41,670 42,165 29,050 96.5 54.9 Nov 11, 2024 IFRS
Apr - Sep, 2025 373,240 31,821 33,303 22,598 78.0 ー Nov 10, 2025 IFRS
YoY -1.3% -23.6% -21.0% -22.2% -19.2%

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 － 35 May 8, 2025 IFRS
Apr - Sep, 2025 Results 373,240 31,821 33,303 22,598 78.0 35 Nov 10, 2025 IFRS
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 810,000 77,600 ー 54,500 189.9 70 May 8, 2025 IFRS
Mar, 2026 New 792,000 60,500 ー 43,000 149.8 70 Nov 10, 2025 IFRS
Revision Rate -2.2% -22.0% － -21.1% -21.1%

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 398,504 32,699 34,633 25,969 87.0 35 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 418,760 28,679 ー 20,402 71.1 35 Nov 10, 2025 IFRS
YoY +5.1% -12.3% － -21.4% -18.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 732,933 73,361 76,915 54,170 178.2 66.67 May 13, 2024 IFRS
Mar, 2025 776,594 74,369 76,798 55,019 184.4 70 May 8, 2025 IFRS
Mar, 2026 Guidance 792,000 60,500 ー 43,000 149.8 70 Nov 10, 2025 IFRS
YoY +2.0% -18.6% － -21.8% -18.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 193,054 19,814 19,241 13,177 43.8 10.3 Nov 11, 2024 IFRS
Oct - Dec, 2024 204,187 18,830 19,891 14,527 48.5 9.2 Feb 5, 2025 IFRS
Jan - Mar, 2025 194,317 13,869 14,742 11,442 38.4 7.1 May 8, 2025 IFRS
Apr - Jun, 2025 177,031 15,844 16,609 11,219 38.4 8.9 Aug 4, 2025 IFRS
Jul - Sep, 2025 196,209 15,977 16,694 11,379 39.3 8.1 Nov 10, 2025 IFRS
YoY +1.6% -19.4% -13.2% -13.6% -10.3%

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