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NittoBest, First Half Ordinary Profit Turns to Profit

Thu Nov 13, 2025 3:30 pm JST Earnings

2877 NittoBest Corporation 【J-GAAP】

Earnings Report

NittoBest Corporation <2877> [TSE Std] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a profit of 90 million yen (compared to a loss of 9 million yen in the same period last year). However, Progress toward the full-year plan of 900 million yen was 10.0%, also falling below the five-year average of 23.0%.

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 expand 56.1% from the same period last year, reaching 810 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of 82 million yen (compared to a loss of 4 million yen in the same period last year). The operating profit/loss margin improved from -0.0% in the same period last year to 0.4%.

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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 26,701 115 155 84 7.0 28.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 27,315 2 -9 -40 -3.3 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 28,260 61 90 71 5.9 10.0 Nov 13, 2025 J-GAAP
YoY +3.5% +2,950.0%

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 28,260 61 90 72 6.0 0 Oct 27, 2025 J-GAAP
Apr - Sep, 2025 Results 28,260 61 90 71 5.9 0 Nov 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -1.4% -0.3%

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 28,545 572 519 424 35.1 12 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 31,740 939 810 529 43.7 12 Nov 13, 2025 J-GAAP
YoY +11.2% +64.2% +56.1% +24.8% +24.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 54,271 504 546 411 34.0 12 May 9, 2024 J-GAAP
Mar, 2025 55,860 574 510 384 31.8 12 May 14, 2025 J-GAAP
Mar, 2026 Guidance 60,000 1,000 900 600 49.6 12 May 14, 2025 J-GAAP
YoY +7.4% +74.2% +76.5% +56.3% +56.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 13,868 -3 -4 -32 -2.7 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 15,107 434 417 268 22.2 2.9 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 13,438 138 102 156 12.9 1.0 May 14, 2025 J-GAAP
Apr - Jun, 2025 14,015 8 8 24 2.1 0.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 14,245 53 82 47 3.9 0.4 Nov 13, 2025 J-GAAP
YoY +2.7%

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