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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%.

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Actual Results

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 11,055 306 280 256 122.6 68.8 Jan 11, 2024 J-GAAP
Mar - Nov, 2024 13,351 446 337 198 94.7 91.8 Jan 14, 2025 J-GAAP
Mar - Nov, 2025 11,544 15 1 217 104.3 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 8,127 0 -57 -36 -17.2 20 Apr 11, 2025 J-GAAP
Sep - Feb, 2025 Guidance 8,431 133 43 272 132.9 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 15,050 441 407 398 190.0 20 Apr 11, 2024 J-GAAP
Feb, 2025 17,632 489 367 216 103.2 20 Apr 11, 2025 J-GAAP
Feb, 2026 Guidance 16,462 243 133 321 156.9 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 3,846 -43 -87 -54 -25.8 -1.1 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 4,281 43 30 18 8.6 1.0 Apr 11, 2025 J-GAAP
Mar - May, 2025 3,976 86 75 50 24.2 2.2 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 4,055 24 15 -1 -0.5 0.6 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 3,513 -95 -89 168 80.8 -2.7 Jan 14, 2026 J-GAAP
YoY -8.7% -120.9% -2.3% － －

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