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NIHON KOGYO, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 5%

Wed Jan 28, 2026 4:30 pm JST Earnings

5279 NIHON KOGYO CO., LTD. 【J-GAAP】

Earnings Report

NIHON KOGYO CO., LTD. <5279> [TSE Std] announced its financial results after the market closed on January 28th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 507 million yen, an increase 71.3% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 4.6%, from the previous forecast of 650 million yen to 680 million yen (compared to 640 million yen in the previous period), increasing the growth rate from 1.6% to 6.3%.

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) has been revised upward 5.7%, from the previous forecast of 522 million yen to 552 million yen (compared to 700 million yen in the same period of the previous year), and the declining rate is expected to decrease from 25.4% to 21.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 6.5% from the same period last year, reaching 379 million yen. However, the operating profit margin remained almost flat, changing from 8.3% in the same period last year to 8.2%.

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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 9,281 145 186 91 31.7 40.1 Jan 26, 2024 J-GAAP
Apr - Dec, 2024 9,860 258 296 177 61.1 46.3 Jan 24, 2025 J-GAAP
Apr - Dec, 2025 11,363 477 507 328 112.8 74.6 Jan 28, 2026 J-GAAP
YoY +15.2% +84.9% +71.3% +85.3% +84.7%

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 7,941 503 522 346 118.6 45 Oct 28, 2025 J-GAAP
Oct - Mar, 2025 New 8,341 523 552 356 122.1 45 Jan 28, 2026 J-GAAP
Revision Rate +5.0% +4.0% +5.7% +2.9% +2.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 14,800 610 650 420 144.0 45 Apr 28, 2025 J-GAAP
Mar, 2026 New 15,200 630 680 430 147.4 45 Jan 28, 2026 J-GAAP
Revision Rate +2.7% +3.3% +4.6% +2.4% +2.4%

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 9,076 683 700 456 157.5 40 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 8,341 523 552 356 122.1 45 Jan 28, 2026 J-GAAP
YoY -8.1% -23.4% -21.1% -21.9% -22.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 13,673 414 464 295 101.9 30 Apr 30, 2024 J-GAAP
Mar, 2025 14,746 594 640 393 135.7 40 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 15,200 630 680 430 147.4 45 Jan 28, 2026 J-GAAP
YoY +3.1% +6.1% +6.3% +9.4% +8.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 4,190 347 356 240 82.9 8.3 Jan 24, 2025 J-GAAP
Jan - Mar, 2025 4,886 336 344 216 74.6 6.9 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 3,059 35 52 28 9.7 1.1 Jul 25, 2025 J-GAAP
Jul - Sep, 2025 3,800 72 76 46 16.0 1.9 Oct 28, 2025 J-GAAP
Oct - Dec, 2025 4,504 370 379 254 87.4 8.2 Jan 28, 2026 J-GAAP
YoY +7.5% +6.6% +6.5% +5.8% +5.5%

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