NIPPON DENSETSU KOGYO, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 24% Increase, Raises Record High Profit, Dividend Revised Upward by 23 Yen

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Fri Jan 30, 2026 4:00 pm JST Earnings

1950 NIPPON DENSETSU KOGYO CO.,LTD 【J-GAAP】

Earnings Report

NIPPON DENSETSU KOGYO CO.,LTD <1950> [TSE Prime] announced its financial results after the market closed on January 30th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 2.3 times that of the same period last year, reaching 11.2 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 27.3%, from the previous forecast of 18.9 billion yen to 24.0 billion yen (compared to 19.4 billion yen in the previous period), record profits reach two consecutive terms, turning to a 24.0% increase in the consolidated ordinary profit outlook.

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 33.7%, from the previous forecast of 15.2 billion yen to 20.4 billion yen (compared to 18.3 billion yen in the same period of the previous year), turning to an 11.4% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 92 yen to 115 yen (compared to 90 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 96.3% from the same period last year, reaching 7.67 billion yen. The operating profit margin drastically improved from 6.8% in the same period last year to 12.6%.

Kabutan News

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	117,511	3,163	4,172	2,518	41.0	28.0	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	125,013	3,709	4,947	2,890	49.0	25.5	Jan 31, 2025	J-GAAP
Apr - Dec, 2025	135,291	9,865	11,281	7,928	135.7	46.9	Jan 30, 2026	J-GAAP
YoY	+8.2%	+166.0%	+128.0%	+174.3%	+176.9%

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	152,061	14,939	15,293	10,549	180.7	92	Oct 31, 2025	J-GAAP
Oct - Mar, 2025 New	149,951	19,549	20,453	13,959	239.1	115	Jan 30, 2026	J-GAAP
Revision Rate	-1.4%	+30.9%	+33.7%	+32.3%	+32.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	230,480	17,660	18,900	13,380	229.2	92	Apr 30, 2025	J-GAAP
Mar, 2026 New	228,370	22,270	24,060	16,790	287.6	115	Jan 30, 2026	J-GAAP
Revision Rate	-0.9%	+26.1%	+27.3%	+25.5%	+25.5%

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	141,297	17,596	18,362	12,908	219.0	90	Apr 30, 2025	J-GAAP
Oct - Mar, 2025 Guidance	149,951	19,549	20,453	13,959	239.1	115	Jan 30, 2026	J-GAAP
YoY	+6.1%	+11.1%	+11.4%	+8.1%	+9.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	194,031	13,448	14,900	10,042	164.4	47	Apr 30, 2024	J-GAAP
Mar, 2025	216,922	17,934	19,400	13,192	223.8	90	Apr 30, 2025	J-GAAP
Mar, 2026 Guidance	228,370	22,270	24,060	16,790	287.6	115	Jan 30, 2026	J-GAAP
YoY	+5.3%	+24.2%	+24.0%	+27.3%	+28.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	49,388	3,371	3,909	2,606	44.2	6.8	Jan 31, 2025	J-GAAP
Jan - Mar, 2025	91,909	14,225	14,453	10,302	174.8	15.5	Apr 30, 2025	J-GAAP
Apr - Jun, 2025	30,234	-858	-71	592	10.1	-2.8	Jul 31, 2025	J-GAAP
Jul - Sep, 2025	48,185	3,579	3,678	2,239	38.3	7.4	Oct 31, 2025	J-GAAP
Oct - Dec, 2025	56,872	7,144	7,674	5,097	87.3	12.6	Jan 30, 2026	J-GAAP
YoY	+15.2%	+111.9%	+96.3%	+95.6%	+97.4%