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NIHON DENGI, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 9%, Raises Record High Profit Forecast, Dividend Revised Upward by 20 Yen

Wed Jan 28, 2026 3:00 pm JST Earnings

1723 NIHON DENGI CO., LTD. 【J-GAAP】

Earnings Report

NIHON DENGI CO., LTD. <1723> [TSE Std] announced its financial results in the afternoon session on January 28th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 8.16 billion yen, an increase 38.1% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 9.3%, from the previous forecast of 10.7 billion yen to 11.7 billion yen (compared to 9.30 billion yen in the previous period), increasing the growth rate from 15.0% to 25.7%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 15.6%, from the previous forecast of 6.40 billion yen to 7.40 billion yen (compared to 6.89 billion yen in the same period of the previous year), turning to a 7.3% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 132 yen to 152 yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 10.4% from the same period last year, reaching 3.86 billion yen. The operating profit margin rose from 30.7% in the same period last year to 33.7%.

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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
Apr - Dec, 2023 25,023 3,923 4,038 2,750 172.3 63.9 Jan 29, 2024 J-GAAP
Apr - Dec, 2024 26,173 5,753 5,909 3,899 244.9 63.5 Jan 29, 2025 J-GAAP
Apr - Dec, 2025 29,874 7,916 8,162 5,668 355.8 69.8 Jan 28, 2026 J-GAAP
YoY +14.1% +37.6% +38.1% +45.4% +45.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 27,332 6,360 6,403 4,332 271.9 71 Nov 4, 2025 J-GAAP
Oct - Mar, 2025 New 27,332 7,360 7,403 5,105 320.4 91 Jan 28, 2026 J-GAAP
Revision Rate 0.0% +15.7% +15.6% +17.8% +17.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 46,000 10,500 10,700 7,300 458.2 132 Nov 4, 2025 J-GAAP
Mar, 2026 New 46,000 11,500 11,700 8,073 506.7 152 Jan 28, 2026 J-GAAP
Revision Rate 0.0% +9.5% +9.3% +10.6% +10.6%

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 28,074 6,802 6,898 4,768 299.5 81 May 7, 2025 J-GAAP
Oct - Mar, 2025 Guidance 27,332 7,360 7,403 5,105 320.4 91 Jan 28, 2026 J-GAAP
YoY -2.6% +8.2% +7.3% +7.1% +7.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 38,894 6,248 6,324 4,672 292.9 92 May 7, 2024 J-GAAP
Mar, 2025 43,061 9,120 9,307 6,414 402.8 122 May 7, 2025 J-GAAP
Mar, 2026 Guidance 46,000 11,500 11,700 8,073 506.7 152 Jan 28, 2026 J-GAAP
YoY +6.8% +26.1% +25.7% +25.9% +25.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 11,186 3,435 3,500 2,253 141.5 30.7 Jan 29, 2025 J-GAAP
Jan - Mar, 2025 16,888 3,367 3,398 2,515 158.0 19.9 May 7, 2025 J-GAAP
Apr - Jun, 2025 8,424 1,259 1,353 931 58.5 14.9 Jul 25, 2025 J-GAAP
Jul - Sep, 2025 10,244 2,881 2,944 2,037 127.9 28.1 Nov 4, 2025 J-GAAP
Oct - Dec, 2025 11,206 3,776 3,865 2,700 169.5 33.7 Jan 28, 2026 J-GAAP
YoY +0.2% +9.9% +10.4% +19.8% +19.8%

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