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NIPPON RIETEC, First Half Ordinary Profit Increases by 59%, Jul-Sep Ordinary Profit Increases by 20%

Mon Nov 10, 2025 4:00 pm JST Earnings

1938 NIPPON RIETEC CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON RIETEC CO.,LTD. <1938> [TSE Prime] announced its financial results after the market closed on November 10th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 1.74 billion yen, an increase 58.7% compared to the same period last year. Progress toward the full-year plan of 6.00 billion yen was 29.1%, exceeding the same period of the previous year of 18.5%.

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 12.4% from the same period last year to 4.25 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 20.3% from the same period last year, reaching 1.63 billion yen. The operating profit margin improved from 7.3% in the same period last year to 9.3%.

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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 21,717 -149 -36 -78 -3.2 ー Nov 8, 2023 J-GAAP
Apr - Sep, 2024 26,989 786 1,100 775 31.3 18.5 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 28,629 1,475 1,746 1,050 42.4 29.1 Nov 10, 2025 J-GAAP
YoY +6.1% +87.7% +58.7% +35.5% +35.4%

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 － － May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 28,629 1,475 1,746 1,050 42.4 － Nov 10, 2025 J-GAAP
Revision Rate － － － － －

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 41,680 4,413 4,855 3,958 159.9 77 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 43,671 3,855 4,254 3,150 127.1 82 Nov 10, 2025 J-GAAP
YoY +4.8% -12.6% -12.4% -20.4% -20.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 58,542 3,432 3,910 2,770 111.4 35 May 14, 2024 J-GAAP
Mar, 2025 68,669 5,199 5,955 4,733 191.2 77 May 12, 2025 J-GAAP
Mar, 2026 Guidance 72,300 5,330 6,000 4,200 169.5 82 May 12, 2025 J-GAAP
YoY +5.3% +2.5% +0.8% -11.3% -11.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 15,732 1,156 1,358 967 39.1 7.3 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 16,908 1,044 1,227 858 34.7 6.2 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 24,772 3,369 3,628 3,100 125.3 13.6 May 12, 2025 J-GAAP
Apr - Jun, 2025 12,173 -50 112 18 0.7 -0.4 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 16,456 1,525 1,634 1,032 41.7 9.3 Nov 10, 2025 J-GAAP
YoY +4.6% +31.9% +20.3% +6.7% +6.7%

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