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Nippon Beet Sugar Manufacturing, Operating Profit Forecast for the Fiscal Year Revised Downward to a Loss

Tue Nov 11, 2025 2:00 pm JST Earnings

2108 Nippon Beet Sugar Manufacturing Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Beet Sugar Manufacturing Co.,Ltd. <2108> [TSE Prime] announced its financial results in the afternoon session on November 11th (14:00). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a loss of 148 million yen (compared to a profit of 502 million yen in the same period last year).

In addition, the full-year forecast for consolidated operating profit/loss has been revised downward from an expected profit of 600 million yen to a loss of 600 million yen (compared to a profit of 535 million 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 operating profit/loss for the October to March period (second half) is expected to turn into a loss of 452 million yen (compared to a profit of 33 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated operating profit/loss turned to a loss of 59 million yen (compared to a profit of 212 million yen in the same period last year). The operating profit/loss margin worsened from 1.5% in the same period last year to -0.4%.

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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 32,408 1,229 1,776 1,246 94.3 98.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 29,182 502 759 5,816 459.3 67.5 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 32,978 -148 271 1,184 95.6 271.0 Nov 11, 2025 J-GAAP
YoY +13.0% － -64.3% -79.6% -79.2%

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 35,000 -300 50 1,000 81.4 － Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 32,978 -148 271 1,184 95.6 － Nov 11, 2025 J-GAAP
Revision Rate -5.8% +50.7% +442.0% +18.4% +17.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 70,000 600 1,200 1,850 153.0 80 Aug 8, 2025 J-GAAP
Mar, 2026 New 69,000 -600 100 900 74.4 80 Nov 11, 2025 J-GAAP
Revision Rate -1.4% － -91.7% -51.4% -51.3%

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 35,614 33 365 -3,113 -247.8 80 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 36,022 -452 -171 -284 -23.5 80 Nov 11, 2025 J-GAAP
YoY +1.1% － － +90.9% +90.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 69,297 910 1,802 1,811 138.5 55 May 14, 2024 J-GAAP
Mar, 2025 64,796 535 1,124 2,703 215.2 80 May 14, 2025 J-GAAP
Mar, 2026 Guidance 69,000 -600 100 900 74.4 80 Nov 11, 2025 J-GAAP
YoY +6.5% － -91.1% -66.7% -65.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 14,266 212 113 1 0.1 1.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 17,435 -1,333 -991 -819 -65.0 -7.6 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 18,179 1,366 1,356 -2,294 -182.6 7.5 May 14, 2025 J-GAAP
Apr - Jun, 2025 17,168 -89 303 167 13.5 -0.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 15,810 -59 -32 1,017 82.1 -0.4 Nov 11, 2025 J-GAAP
YoY +10.8% － － +101,600.0% +102,537.5%

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