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NICHIWA SANGYO, First Half Ordinary Profit Increases by 2%, Exceeds Full-Year Plan

Wed Nov 12, 2025 3:30 pm JST Earnings

2055 NICHIWA SANGYO CO., LTD. 【J-GAAP】

Earnings Report

NICHIWA SANGYO CO., LTD. <2055> [TSE Std] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 556 million yen, a 2.0% increase compared to the same period last year. Progress toward the full-year plan of 400 million yen is 139.0%, already exceeding the target and also exceeding the five-year average of 96.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 156 million yen (compared to a profit of 598 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 255 million yen, a 24.6% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.6% in the same period last year to 2.5%.

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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 25,888 143 167 394 21.8 18.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 24,516 494 545 399 22.0 47.7 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 22,243 538 556 403 22.3 139.0 Nov 12, 2025 J-GAAP
YoY -9.3% +8.9% +2.0% +1.0% +1.0%

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 － 0 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 22,243 538 556 403 22.3 0 Nov 12, 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 24,061 412 598 -89 -4.9 6 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 27,757 -138 -156 -103 -5.7 6 Nov 12, 2025 J-GAAP
YoY +15.4% － － -15.7% -15.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 52,887 905 915 541 29.9 8 May 13, 2024 J-GAAP
Mar, 2025 48,577 906 1,143 310 17.1 6 May 12, 2025 J-GAAP
Mar, 2026 Guidance 50,000 400 400 300 16.6 6 May 12, 2025 J-GAAP
YoY +2.9% -55.8% -65.0% -3.2% -3.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,129 314 338 242 13.4 2.6 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 12,359 -25 -35 -57 -3.2 -0.2 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 11,702 437 633 -32 -1.8 3.7 May 12, 2025 J-GAAP
Apr - Jun, 2025 11,514 274 301 214 11.8 2.4 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 10,729 264 255 189 10.4 2.5 Nov 12, 2025 J-GAAP
YoY -11.5% -15.9% -24.6% -21.9% -21.9%

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