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NIPPON SANSO, Net Income Forecast for the Fiscal Year Revised Upward by 6%, Exceeded Record Profit Forecast

Wed Feb 4, 2026 3:00 pm JST Earnings

4091 NIPPON SANSO HOLDINGS CORPORATION 【IFRS】

Earnings Report

NIPPON SANSO HOLDINGS CORPORATION <4091> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 4th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 20.2% from the same period last year, reaching 93.1 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 6.5%, from the previous forecast of 116 billion yen to 123 billion yen (compared to 98.7 billion yen in the previous period), increasing the growth rate from 17.4% to 25.0%. The company has further increased its previous forecast of record profits for the first time in two years.

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 12.8%, from the previous forecast of 58.5 billion yen to 66.0 billion yen (compared to 49.5 billion yen in the same period of the previous year), increasing the growth rate from 18.1% to 33.3%.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 26.3% from the same period last year, reaching 35.7 billion yen. The operating profit margin rose from 14.1% in the same period last year to 15.0%.

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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 928,656 124,201 108,245 73,394 169.6 71.8 Feb 2, 2024 IFRS
Apr - Dec, 2024 971,263 128,774 112,908 77,479 179.0 77.7 Feb 5, 2025 IFRS
Apr - Dec, 2025 997,719 146,111 130,015 93,140 215.2 75.4 Feb 4, 2026 IFRS
YoY +2.7% +13.5% +15.2% +20.2% +20.2%

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 639,171 96,796 85,239 58,574 135.3 29 Oct 30, 2025 IFRS
Oct - Mar, 2025 New 679,171 100,096 89,239 66,074 152.7 29 Feb 4, 2026 IFRS
Revision Rate +6.3% +3.4% +4.7% +12.8% +12.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,290,000 191,000 168,500 116,000 268.0 58 Oct 30, 2025 IFRS
Mar, 2026 New 1,330,000 194,300 172,500 123,500 285.3 58 Feb 4, 2026 IFRS
Revision Rate +3.1% +1.7% +2.4% +6.5% +6.5%

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 664,979 83,394 73,491 49,585 114.6 27 May 12, 2025 IFRS
Oct - Mar, 2025 Guidance 679,171 100,096 89,239 66,074 152.7 29 Feb 4, 2026 IFRS
YoY +2.1% +20.0% +21.4% +33.3% +33.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,255,081 172,041 150,720 105,901 244.7 44 May 13, 2024 IFRS
Mar, 2025 1,308,024 165,906 145,272 98,779 228.2 51 May 12, 2025 IFRS
Mar, 2026 Guidance 1,330,000 194,300 172,500 123,500 285.3 58 Feb 4, 2026 IFRS
YoY +1.7% +17.1% +18.7% +25.0% +25.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 328,218 46,262 41,127 28,285 65.3 14.1 Feb 5, 2025 IFRS
Jan - Mar, 2025 336,761 37,132 32,364 21,300 49.2 11.0 May 12, 2025 IFRS
Apr - Jun, 2025 314,758 45,547 39,986 28,395 65.6 14.5 Jul 31, 2025 IFRS
Jul - Sep, 2025 336,071 48,657 43,275 29,031 67.1 14.5 Oct 30, 2025 IFRS
Oct - Dec, 2025 346,890 51,907 46,754 35,714 82.5 15.0 Feb 4, 2026 IFRS
YoY +5.7% +12.2% +13.7% +26.3% +26.3%

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