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Nippon Soda, First Half Ordinary Profit Unexpectedly Revised Upward by 16%

Thu Nov 13, 2025 3:30 pm JST Earnings

4041 Nippon Soda Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Soda Co.,Ltd. <4041> [TSE Prime] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 16.5% from the same period last year, reaching 9.74 billion yen, resulting in an increase in profits compared to the previous forecast of a 9.1% decrease.

Progress toward the full-year plan of 16.8 billion yen was 58.0%, also surpassing the five-year average of 39.0%.

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 drop 36.8% from the same period last year to 7.05 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 66.5% from the same period last year, reaching 5.21 billion yen. However, the operating profit margin decreased from 11.5% in the same period last year to 11.3%.

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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 68,902 6,458 9,292 7,540 135.2 39.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 67,079 7,077 8,364 6,346 115.2 42.8 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 67,069 7,053 9,742 6,793 124.1 58.0 Nov 13, 2025 J-GAAP
YoY 0.0% -0.3% +16.5% +7.0% +7.7%

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 66,000 6,500 7,600 5,100 93.8 70 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 67,069 7,053 9,742 6,793 124.1 70 Nov 13, 2025 J-GAAP
Revision Rate +1.6% +8.5% +28.2% +33.2% +32.4%

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 88,120 8,986 11,165 8,665 157.3 80 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 80,931 6,147 7,058 6,507 120.7 70 Nov 13, 2025 J-GAAP
YoY -8.2% -31.6% -36.8% -24.9% -23.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 154,429 13,872 23,297 16,612 298.7 120 May 14, 2024 J-GAAP
Mar, 2025 155,199 16,063 19,529 15,011 272.6 140 May 14, 2025 J-GAAP
Mar, 2026 Guidance 148,000 13,200 16,800 13,300 246.7 140 May 14, 2025 J-GAAP
YoY -4.6% -17.8% -14.0% -11.4% -9.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 34,884 4,008 3,131 2,009 36.5 11.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 40,225 4,121 6,199 6,192 112.4 10.2 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 47,895 4,865 4,966 2,473 44.9 10.2 May 14, 2025 J-GAAP
Apr - Jun, 2025 32,639 3,156 4,529 3,213 58.5 9.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 34,430 3,897 5,213 3,580 65.4 11.3 Nov 13, 2025 J-GAAP
YoY -1.3% -2.8% +66.5% +78.2% +79.3%

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