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Nozaki Insatsu Shigyo, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 30% Decrease
7919 Nozaki Insatsu Shigyo Co.,Ltd. 【J-GAAP】
Earnings ReportNozaki Insatsu Shigyo Co.,Ltd. <7919> [TSE Std] announced its financial results in the afternoon session on January 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 35.5% from the same period last year to 434 million yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 30.7%, from the previous forecast of 758 million yen to 525 million yen (compared to 751 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 30.1% decrease in profit.
Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 44.0%, from the previous forecast of 530 million yen to 297 million yen (compared to 430 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 30.9% decrease in profit.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 206 million yen, a 41.5% decrease compared to the same period last year. The operating profit margin worsened from 8.0% in the same period last year to 5.0%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 10,864 | 523 | 556 | 454 | 26.6 | 83.4 | Jan 31, 2024 | J-GAAP |
| Apr - Dec, 2024 | 11,244 | 625 | 673 | 443 | 26.7 | 89.6 | Jan 31, 2025 | J-GAAP |
| Apr - Dec, 2025 | 10,726 | 389 | 434 | 247 | 15.3 | 82.7 | Jan 30, 2026 | J-GAAP |
| YoY | -4.6% | -37.8% | -35.5% | -44.2% | -42.7% |
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 | 8,019 | 498 | 530 | 404 | 25.0 | 5 | Oct 30, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 7,019 | 268 | 297 | 221 | 13.7 | 5 | Jan 30, 2026 | J-GAAP |
| Revision Rate | -12.5% | -46.2% | -44.0% | -45.3% | -45.3% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 15,000 | 700 | 758 | 530 | 32.8 | 7.50 | Apr 23, 2025 | J-GAAP |
| Mar, 2026 New | 14,000 | 470 | 525 | 347 | 21.5 | 7.50 | Jan 30, 2026 | J-GAAP |
| Revision Rate | -6.7% | -32.9% | -30.7% | -34.5% | -34.5% |
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 | 7,531 | 401 | 430 | 315 | 19.0 | 5 | Apr 23, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 7,019 | 268 | 297 | 221 | 13.7 | 5 | Jan 30, 2026 | J-GAAP |
| YoY | -6.8% | -33.2% | -30.9% | -29.8% | -27.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 14,157 | 621 | 667 | 573 | 33.7 | 5 | Apr 26, 2024 | J-GAAP |
| Mar, 2025 | 14,570 | 690 | 751 | 522 | 31.5 | 7.50 | Apr 23, 2025 | J-GAAP |
| Mar, 2026 Guidance | 14,000 | 470 | 525 | 347 | 21.5 | 7.50 | Jan 30, 2026 | J-GAAP |
| YoY | -3.9% | -31.9% | -30.1% | -33.5% | -31.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 4,205 | 336 | 352 | 236 | 14.2 | 8.0 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 3,326 | 65 | 78 | 79 | 4.8 | 2.0 | Apr 23, 2025 | J-GAAP |
| Apr - Jun, 2025 | 3,568 | 139 | 153 | 83 | 5.1 | 3.9 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 3,413 | 63 | 75 | 43 | 2.7 | 1.8 | Oct 30, 2025 | J-GAAP |
| Oct - Dec, 2025 | 3,745 | 187 | 206 | 121 | 7.5 | 5.0 | Jan 30, 2026 | J-GAAP |
| YoY | -10.9% | -44.3% | -41.5% | -48.7% | -47.3% |
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