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NIPPON COKE & ENGINEERING, Net Income Forecast for the Fiscal Year Revised Downward to a Loss, Decides to Continue No Dividend Policy

Tue Nov 11, 2025 2:00 pm JST Earnings

3315 NIPPON COKE & ENGINEERING CO., LTD. 【J-GAAP】

Earnings Report

NIPPON COKE & ENGINEERING CO., LTD. <3315> [TSE Prime] announced its financial results in the afternoon session on November 11th (14:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was a reduced loss of 0.48 billion yen (compared to a loss of 2.22 billion yen in the same period last year), a reduction in the deficit from the previous forecast of a loss of 0.90 billion yen.

However, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 0.20 billion yen to a loss of 5.20 billion yen (compared to a loss of 13.9 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to further decrease loss of 4.71 billion yen (compared to a loss of 11.6 billion yen in the same period last year).

At the same time, the company has decided to forego the year-end lump-sum dividend for the current fiscal year, which had previously been undecided (compared to no dividend in the prior term), and the policy has been set to continue with no dividends.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of 0.67 billion yen (compared to a loss of 1.50 billion yen in the same period last year). The operating profit/loss margin drastically improved from -8.0% in the same period last year to 4.9%.

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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 76,688 2,895 2,502 1,329 4.6 68.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 47,668 -2,113 -2,716 -2,227 -7.7 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 49,680 517 413 -487 -1.7 24.3 Nov 11, 2025 J-GAAP
YoY +4.2% +78.1% +78.0%

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 49,000 30 -400 -900 -3.1 Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 49,680 517 413 -487 -1.7 0 Nov 11, 2025 J-GAAP
Revision Rate +1.4% +1,623.3% +45.9% +45.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 99,000 2,700 1,700 200 0.7 Aug 8, 2025 J-GAAP
Mar, 2026 New 96,000 2,700 1,700 -5,200 -17.9 0 Nov 11, 2025 J-GAAP
Revision Rate -3.0% 0.0% 0.0%

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 51,377 -6,449 -7,553 -11,681 -40.1 0 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 46,320 2,183 1,287 -4,713 -16.2 0 Nov 11, 2025 J-GAAP
YoY -9.8% +59.7% +59.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 135,152 4,390 3,640 1,898 6.5 3 May 10, 2024 J-GAAP
Mar, 2025 99,045 -8,562 -10,269 -13,908 -47.8 0 May 9, 2025 J-GAAP
Mar, 2026 Guidance 96,000 2,700 1,700 -5,200 -17.9 0 Nov 11, 2025 J-GAAP
YoY -3.1% +62.6% +62.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 21,903 -1,756 -1,942 -1,507 -5.2 -8.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 30,250 -2,249 -2,649 -2,529 -8.7 -7.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 21,127 -4,200 -4,904 -9,152 -31.5 -19.9 May 9, 2025 J-GAAP
Apr - Jun, 2025 24,243 -740 -808 -1,159 -4.0 -3.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 25,437 1,257 1,221 672 2.3 4.9 Nov 11, 2025 J-GAAP
YoY +16.1%

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