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NIHON NOHYAKU, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 10%, Dividend Revised Upward by 2 Yen

Mon Nov 10, 2025 2:00 pm JST Earnings

4997 NIHON NOHYAKU CO., LTD. 【J-GAAP】

Earnings Report

NIHON NOHYAKU CO., LTD. <4997> [TSE Prime] announced its financial results in the afternoon session on November 10th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 9.0 times that of the same period last year, reaching 4.66 billion yen, exceeded the previous forecast of 2.80 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 9.6%, from the previous forecast of 7.30 billion yen to 8.00 billion yen (compared to 7.08 billion yen in the previous period), increasing the growth rate from 3.0% to 12.9%.

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 drop 49.2% from the same period last year to 3.33 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 25 yen to 27 yen (compared to 22 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 86.7% from the same period last year, reaching 1.23 billion yen. However, the operating profit margin worsened from 6.0% in the same period last year to 5.6%.

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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 40,670 1,176 951 695 8.9 16.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 39,129 1,029 519 620 7.9 7.3 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 47,710 4,687 4,661 3,372 43.1 58.3 Nov 10, 2025 J-GAAP
YoY +21.9% +355.5% +798.1% +443.9% +444.8%

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 48,000 3,100 2,800 2,000 25.6 12 Aug 7, 2025 J-GAAP
Apr - Sep, 2025 Results 47,710 4,687 4,661 3,372 43.1 12 Nov 10, 2025 J-GAAP
Revision Rate -0.6% +51.2% +66.5% +68.6% +68.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 109,000 8,500 7,300 5,000 63.8 25 Aug 7, 2025 J-GAAP
Mar, 2026 New 109,300 9,200 8,000 5,400 68.9 27 Nov 10, 2025 J-GAAP
Revision Rate +0.3% +8.2% +9.6% +8.0% +8.0%

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 60,837 7,547 6,567 1,736 22.2 12 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 61,590 4,513 3,339 2,028 25.9 15 Nov 10, 2025 J-GAAP
YoY +1.2% -40.2% -49.2% +16.8% +16.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 103,033 7,438 5,932 4,777 60.9 18 May 13, 2024 J-GAAP
Mar, 2025 99,966 8,576 7,086 2,356 30.1 22 May 13, 2025 J-GAAP
Mar, 2026 Guidance 109,300 9,200 8,000 5,400 68.9 27 Nov 10, 2025 J-GAAP
YoY +9.3% +7.3% +12.9% +129.2% +129.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 19,888 1,193 662 566 7.2 6.0 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 22,245 2,610 2,542 1,484 18.9 11.7 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 38,592 4,937 4,025 252 3.2 12.8 May 13, 2025 J-GAAP
Apr - Jun, 2025 27,133 3,542 3,425 2,709 34.6 13.1 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 20,577 1,145 1,236 663 8.5 5.6 Nov 10, 2025 J-GAAP
YoY +3.5% -4.0% +86.7% +17.1% +17.3%

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