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NICHIAS, Jul-Sep (2Q) Ordinary Profit Increases by 6%
5393 NICHIAS CORPORATION 【J-GAAP】
Earnings ReportNICHIAS CORPORATION <5393> [TSE Prime] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 11.0% from the same period last year to 18.3 billion yen. However, Progress toward the full-year plan of 36.5 billion yen was 50.3%, also surpassing the five-year average of 45.6%.
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 13.9% from the same period last year to 18.1 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 6.5% from the same period last year, reaching 9.12 billion yen. However, the operating profit margin decreased from 14.7% in the same period last year to 14.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 120,035 | 15,690 | 18,478 | 12,978 | 195.7 | 47.6 | Nov 6, 2023 | J-GAAP |
| Apr - Sep, 2024 | 126,650 | 19,854 | 20,632 | 14,457 | 220.0 | 49.5 | Nov 7, 2024 | J-GAAP |
| Apr - Sep, 2025 | 122,744 | 17,778 | 18,361 | 12,737 | 199.0 | 50.3 | Nov 11, 2025 | J-GAAP |
| YoY | -3.1% | -10.5% | -11.0% | -11.9% | -9.5% |
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 | 121,000 | 16,300 | 16,300 | 11,400 | 178.8 | 76 | Aug 7, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 122,744 | 17,778 | 18,361 | 12,737 | 199.0 | 76 | Nov 11, 2025 | J-GAAP |
| Revision Rate | +1.4% | +9.1% | +12.6% | +11.7% | +11.3% |
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 | 129,862 | 19,878 | 21,061 | 17,616 | 269.9 | 56 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 131,256 | 18,722 | 18,139 | 13,063 | 205.4 | 76 | Nov 11, 2025 | J-GAAP |
| YoY | +1.1% | -5.8% | -13.9% | -25.8% | -23.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 249,391 | 35,208 | 38,787 | 26,961 | 406.6 | 98 | May 7, 2024 | J-GAAP |
| Mar, 2025 | 256,512 | 39,732 | 41,693 | 32,073 | 491.4 | 108 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 254,000 | 36,500 | 36,500 | 25,800 | 405.7 | 152 | Aug 7, 2025 | J-GAAP |
| YoY | -1.0% | -8.1% | -12.5% | -19.6% | -17.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 63,394 | 9,308 | 8,572 | 5,910 | 90.0 | 14.7 | Nov 7, 2024 | J-GAAP |
| Oct - Dec, 2024 | 66,283 | 11,109 | 12,640 | 8,595 | 131.1 | 16.8 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 63,579 | 8,769 | 8,421 | 9,021 | 138.2 | 13.8 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 62,044 | 9,229 | 9,233 | 6,569 | 102.3 | 14.9 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 60,700 | 8,549 | 9,128 | 6,168 | 96.4 | 14.1 | Nov 11, 2025 | J-GAAP |
| YoY | -4.2% | -8.2% | +6.5% | +4.4% | +7.1% |
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