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NSK, Net Income Forecast for the Fiscal Year Revised Upward by 25%

Tue Feb 3, 2026 3:30 pm JST Earnings

6471 NSK Ltd. 【IFRS】

Earnings Report

NSK Ltd. <6471> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 3rd (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) surged 3.4 times that of the same period last year, reaching 13.5 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 25.0%, from the previous forecast of 16.0 billion yen to 20.0 billion yen (compared to 10.6 billion yen in the previous period), increasing the growth rate from 50.3% to 87.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 59.9%, from the previous forecast of 6.68 billion yen to 10.6 billion yen (compared to 8.67 billion yen in the same period of the previous year), turning to a 23.1% increase in the consolidated net income outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.2 times that of the same period last year, reaching 4.22 billion yen. The operating profit margin improved from 3.0% in the same period last year to 4.4%.

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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 588,059 19,303 18,636 4,723 9.6 71.1 Feb 2, 2024 IFRS
Apr - Dec, 2024 596,921 15,633 12,854 3,931 8.0 51.2 Jan 31, 2025 IFRS
Apr - Dec, 2025 658,464 27,393 26,639 13,543 27.7 74.0 Feb 3, 2026 IFRS
YoY +10.3% +75.2% +107.2% +244.5% +244.4%

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 472,750 13,533 12,939 6,681 13.7 17 Nov 4, 2025 IFRS
Oct - Mar, 2025 New 487,750 20,533 19,939 10,681 21.8 17 Feb 3, 2026 IFRS
Revision Rate +3.2% +51.7% +54.1% +59.9% +59.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 885,000 30,000 29,000 16,000 32.7 34 Nov 4, 2025 IFRS
Mar, 2026 New 900,000 37,000 36,000 20,000 40.9 34 Feb 3, 2026 IFRS
Revision Rate +1.7% +23.3% +24.1% +25.0% +25.0%

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 399,024 18,753 17,365 8,678 17.8 17 May 12, 2025 IFRS
Oct - Mar, 2025 Guidance 487,750 20,533 19,939 10,681 21.8 17 Feb 3, 2026 IFRS
YoY +22.2% +9.5% +14.8% +23.1% +23.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 788,867 27,391 26,210 8,502 17.3 30 May 9, 2024 IFRS
Mar, 2025 796,667 28,457 25,100 10,647 21.8 34 May 12, 2025 IFRS
Mar, 2026 Guidance 900,000 37,000 36,000 20,000 40.9 34 Feb 3, 2026 IFRS
YoY +13.0% +30.0% +43.4% +87.8% +87.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 199,278 5,929 5,119 1,962 4.0 3.0 Jan 31, 2025 IFRS
Jan - Mar, 2025 199,746 12,824 12,246 6,716 13.7 6.4 May 12, 2025 IFRS
Apr - Jun, 2025 195,760 4,790 4,894 1,083 2.2 2.4 Jul 31, 2025 IFRS
Jul - Sep, 2025 216,490 11,677 11,167 8,236 16.8 5.4 Nov 4, 2025 IFRS
Oct - Dec, 2025 246,214 10,926 10,578 4,224 8.6 4.4 Feb 3, 2026 IFRS
YoY +23.6% +84.3% +106.6% +115.3% +115.5%

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