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Nippon RAD, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 5%

Mon Nov 10, 2025 3:30 pm JST Earnings

4736 Nippon RAD Inc. 【J-GAAP】

Earnings Report

Nippon RAD Inc. <4736> [TSE Std] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 37.2% from the previous period non-consolidated to 113 million yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 4.9%, from the previous non-consolidated estimate of 224 million yen to 213 million yen.

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 significant drop 52.4% from the previous period non-consolidated to 100 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 30 million yen, a 51.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.1% in the same period last year to 2.6%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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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 1,830 122 175 147 28.4 54.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 1,941 114 180 125 23.8 46.2 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 1,993 50 113 69 13.2 53.1 Nov 10, 2025 J-GAAP
YoY +2.7% -56.1% -37.2% -44.8% -44.6%

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 － 0 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 1,993 50 113 69 13.2 0 Nov 10, 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 4,050 163 224 165 31.2 10 May 12, 2025 J-GAAP
Mar, 2026 New 4,138 145 213 136 25.7 10 Nov 10, 2025 J-GAAP
Revision Rate +2.2% -11.0% -4.9% -17.6% -17.6%

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 2,415 204 210 292 55.4 10 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 2,145 95 100 67 12.7 10 Nov 10, 2025 J-GAAP
YoY -11.2% -53.4% -52.4% -77.1% -77.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,984 266 321 327 63.0 10 May 13, 2024 J-GAAP
Mar, 2025 4,356 318 390 417 79.1 10 May 12, 2025 J-GAAP
Mar, 2026 Guidance 4,138 145 213 136 25.7 10 Nov 10, 2025 J-GAAP
YoY -5.0% -54.4% -45.4% -67.4% -67.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 998 61 62 47 9.0 6.1 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 1,119 46 51 27 5.1 4.1 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 1,296 158 159 265 50.3 12.2 May 12, 2025 J-GAAP
Apr - Jun, 2025 951 23 83 47 9.0 2.4 Aug 4, 2025 J-GAAP
Jul - Sep, 2025 1,042 27 30 22 4.2 2.6 Nov 10, 2025 J-GAAP
YoY +4.4% -55.7% -51.6% -53.2% -53.0%

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