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NICHIREI, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 12%

Tue Nov 11, 2025 3:30 pm JST Earnings

2871 NICHIREI CORPORATION 【J-GAAP】

Earnings Report

NICHIREI CORPORATION <2871> [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 9.1% from the same period last year to 18.7 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 12.0%, from the previous forecast of 45.8 billion yen to 40.3 billion yen (compared to 39.8 billion yen in the previous period), leading to a reduction in the profit growth rate from 14.9% to 1.1%.

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 grow 11.9% from the same period last year, reaching 21.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 9.54 billion yen, a 7.4% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 5.4%.

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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 332,211 17,398 18,160 11,690 45.8 47.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 347,208 19,684 20,641 12,876 50.4 51.8 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 347,708 18,307 18,770 14,149 56.5 46.6 Nov 11, 2025 J-GAAP
YoY +0.1% -7.0% -9.1% +9.9% +12.0%

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 ー ー ー ー － 23 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 347,708 18,307 18,770 14,149 56.5 23 Nov 11, 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 700,000 45,000 45,800 29,500 117.7 47 May 13, 2025 J-GAAP
Mar, 2026 New 700,000 39,500 40,300 28,000 111.7 47 Nov 11, 2025 J-GAAP
Revision Rate 0.0% -12.2% -12.0% -5.1% -5.1%

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 354,872 18,631 19,237 11,855 46.7 25.50 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 352,292 21,193 21,530 13,851 55.3 24 Nov 11, 2025 J-GAAP
YoY -0.7% +13.8% +11.9% +16.8% +18.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 680,091 36,911 38,255 24,495 95.9 37 May 14, 2024 J-GAAP
Mar, 2025 702,080 38,315 39,878 24,731 97.4 46 May 13, 2025 J-GAAP
Mar, 2026 Guidance 700,000 39,500 40,300 28,000 111.7 47 Nov 11, 2025 J-GAAP
YoY -0.3% +3.1% +1.1% +13.2% +14.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 176,051 10,143 10,309 6,432 25.2 5.8 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 187,633 12,070 12,439 7,699 30.2 6.4 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 167,239 6,561 6,798 4,156 16.4 3.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 170,765 8,688 9,221 5,648 22.5 5.1 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 176,943 9,619 9,549 8,501 33.9 5.4 Nov 11, 2025 J-GAAP
YoY +0.5% -5.2% -7.4% +32.2% +34.7%

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