NISHIKAWA RUBBER, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 4%, Dividend Revised down by 3 Yen

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Thu Nov 13, 2025 4:00 pm JST Earnings

5161 NISHIKAWA RUBBER CO., LTD. 【J-GAAP】

Earnings Report

NISHIKAWA RUBBER CO., LTD. <5161> [TSE Std] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 26.6% from the same period last year, reaching 4.73 billion yen, resulting in an increase in profits compared to the previous forecast of a 1.1% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 3.8%, from the previous forecast of 8.00 billion yen to 8.30 billion yen (compared to 7.61 billion yen in the previous period), increasing the growth rate from 5.0% to 9.0%.

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 decrease 8.0% from the same period last year to 3.56 billion yen.

At the same time, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 184 yen to 181 yen (compared to 209 yen before the 2-for-1 forward stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 3.8 times that of the same period last year, reaching 2.67 billion yen. The operating profit margin improved from 6.4% in the same period last year to 7.8%.

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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	57,148	1,400	3,099	1,883	41.7	34.7	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	61,216	4,102	3,741	2,090	54.2	49.1	Nov 11, 2024	J-GAAP
Apr - Sep, 2025	57,349	3,979	4,736	4,289	111.9	57.1	Nov 13, 2025	J-GAAP
YoY	-6.3%	-3.0%	+26.6%	+105.2%	+106.5%

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	55,000	3,000	3,700	2,200	60.7	92	May 14, 2025	J-GAAP
Apr - Sep, 2025 Results	57,349	3,979	4,736	4,289	111.9	91	Nov 13, 2025	J-GAAP
Revision Rate	+4.3%	+32.6%	+28.0%	+95.0%	+84.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	110,000	6,600	8,000	4,200	115.8	184	May 14, 2025	J-GAAP
Mar, 2026 New	112,000	6,700	8,300	6,000	165.5	181	Nov 13, 2025	J-GAAP
Revision Rate	+1.8%	+1.5%	+3.8%	+42.9%	+42.9%

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	59,423	3,222	3,876	1,867	48.4	91.50	May 14, 2025	J-GAAP
Oct - Mar, 2025 Guidance	54,651	2,721	3,564	1,711	47.2	90	Nov 13, 2025	J-GAAP
YoY	-8.0%	-15.5%	-8.0%	-8.4%	-2.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	117,904	6,555	8,920	5,038	130.7	22	May 10, 2024	J-GAAP
Mar, 2025	120,639	7,324	7,617	3,957	102.5	104.50	May 14, 2025	J-GAAP
Mar, 2026 Guidance	112,000	6,700	8,300	6,000	165.5	181	Nov 13, 2025	J-GAAP
YoY	-7.2%	-8.5%	+9.0%	+51.6%	+61.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	31,052	1,989	706	251	6.5	6.4	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	25,194	1,273	1,941	765	19.8	5.1	Feb 10, 2025	J-GAAP
Jan - Mar, 2025	34,229	1,949	1,935	1,102	28.6	5.7	May 14, 2025	J-GAAP
Apr - Jun, 2025	28,943	1,758	2,058	1,460	37.8	6.1	Aug 7, 2025	J-GAAP
Jul - Sep, 2025	28,406	2,221	2,678	2,829	73.8	7.8	Nov 13, 2025	J-GAAP
YoY	-8.5%	+11.7%	+279.3%	+1,027.1%	+1,033.3%