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NHK SPRING, First Half Ordinary Profit Decreases by 26%

Wed Nov 12, 2025 3:30 pm JST Earnings

5991 NHK SPRING CO., LTD. 【J-GAAP】

Earnings Report

NHK SPRING CO., LTD. <5991> [TSE Prime] 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) decreased 26.5% from the same period last year to 19.8 billion yen. Progress toward the full-year plan of 53.0 billion yen was 37.4%, also falling below the five-year average of 51.2%.

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 grow 7.0% from the same period last year, reaching 33.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 7.81 billion yen, an increase of 0.6% compared to the same period last year. However, the operating profit margin worsened from 5.5% in the same period last year to 3.9%.

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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 362,195 7,951 18,751 14,351 63.4 39.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 391,230 22,949 26,972 21,545 99.8 46.5 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 393,930 18,534 19,833 13,906 68.6 37.4 Nov 12, 2025 J-GAAP
YoY +0.7% -19.2% -26.5% -35.5% -31.3%

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 － 33 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 393,930 18,534 19,833 13,906 68.6 33 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 410,468 29,211 30,988 26,622 124.2 39 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 406,070 28,466 33,167 26,094 128.8 33 Nov 12, 2025 J-GAAP
YoY -1.1% -2.6% +7.0% -2.0% +3.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 766,934 34,652 47,814 39,188 173.3 42 May 15, 2024 J-GAAP
Mar, 2025 801,698 52,160 57,960 48,167 224.7 69 May 14, 2025 J-GAAP
Mar, 2026 Guidance 800,000 47,000 53,000 40,000 197.4 66 May 14, 2025 J-GAAP
YoY -0.2% -9.9% -8.6% -17.0% -12.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 197,447 10,785 7,766 6,487 30.0 5.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 201,443 12,289 12,569 8,318 38.6 6.1 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 209,025 16,922 18,419 18,304 85.4 8.1 May 14, 2025 J-GAAP
Apr - Jun, 2025 199,953 11,047 12,022 8,976 44.2 5.5 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 193,977 7,487 7,811 4,930 24.3 3.9 Nov 12, 2025 J-GAAP
YoY -1.8% -30.6% +0.6% -24.0% -19.1%

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