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Nippon Shikizai, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 100%, Sep-Nov Ordinary Profit Loss Widens

Wed Jan 14, 2026 5:00 pm JST Earnings

4920 Nippon Shikizai, Inc. 【J-GAAP】

Earnings Report

Nippon Shikizai, Inc. <4920> [TSE Std] announced its financial results after the market closed on January 14th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) significantly dropped 99.7% from the same period last year to 1 million yen. Progress toward the full-year plan of 133 million yen was 0.8%, also falling below the five-year average of 69.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to surge 4.4 times that of the same period last year, reaching 132 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary loss expanded to a loss of 89 million yen (compared to a loss of 87 million yen in the same period last year). The operating profit/loss margin worsened from -1.1% in the same period last year to -2.7%.

Kabutan News

Actual Performance and Financial Trends

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Progress Rate
vs. First Half
Announce Accounting
Standards
Mar - Nov, 2023
11,055M 306M 280M 256M 122.6 68.8 Jan 11, 2024 J-GAAP
Mar - Nov, 2024
13,351M 446M 337M 198M 94.7 91.8 Jan 14, 2025 J-GAAP
Mar - Nov, 2025
11,544M 15M 1M 217M 104.3 0.8 Jan 14, 2026 J-GAAP
YoY -13.5% -96.6% -99.7% +9.6% +10.1%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Sep - Feb, 2024
8,127M 0M -57M -36M -17.2 20 Apr 11, 2025 J-GAAP
Guidance
Sep - Feb, 2025
8,431M 133M 43M 272M 132.9 30 Oct 7, 2025 J-GAAP
YoY +3.7%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2024
15,050M 441M 407M 398M 190.0 20 Apr 11, 2024 J-GAAP
Feb, 2025
17,632M 489M 367M 216M 103.2 20 Apr 11, 2025 J-GAAP
Guidance
Feb, 2026
16,462M 243M 133M 321M 156.9 30 Oct 7, 2025 J-GAAP
YoY -6.6% -50.3% -63.8% +48.6% +52.0%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Sep - Nov, 2024
3,846M -43M -87M -54M -25.8 -1.1 Jan 14, 2025 J-GAAP
Dec - Feb, 2024
4,281M 43M 30M 18M 8.6 1.0 Apr 11, 2025 J-GAAP
Mar - May, 2025
3,976M 86M 75M 50M 24.2 2.2 Jul 15, 2025 J-GAAP
Jun - Aug, 2025
4,055M 24M 15M -1M -0.5 0.6 Oct 14, 2025 J-GAAP
Sep - Nov, 2025
3,513M -95M -89M 168M 80.8 -2.7 Jan 14, 2026 J-GAAP
YoY -8.7% -120.9% -2.3%