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Naikai Zosen, Oct-Dec (3Q) Ordinary Profit Increases by 45%, Current Fiscal Year Dividend Revised Upward by 60 Yen

Wed Feb 4, 2026 3:30 pm JST Earnings

7018 Naikai Zosen Corporation 【J-GAAP】

Earnings Report

Naikai Zosen Corporation <7018> [TSE Std] announced its financial results after the market closed on February 4th (15:30). 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 2.26 billion yen. Progress toward the full-year plan of 2.45 billion yen was 92.4%, also surpassing the five-year average of 85.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 5.7% from the same period last year, reaching 0.18 billion yen.

At the same time, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40 yen to 100 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 45.4% from the same period last year, reaching 0.90 billion yen. The operating profit margin significantly improved from 4.7% in the same period last year to 8.1%.

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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 36,025 2,712 2,686 2,226 1,313.4 87.0 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 34,788 1,200 1,001 884 521.9 85.0 Feb 5, 2025 J-GAAP
Apr - Dec, 2025 32,994 2,307 2,264 1,571 927.2 92.4 Feb 4, 2026 J-GAAP
YoY -5.2% +92.3% +126.2% +77.7% +77.7%

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 24,848 1,209 1,093 917 541.1 40 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 24,848 1,209 1,093 917 541.1 100 Feb 4, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 46,500 2,600 2,450 2,000 1,180.1 40 Oct 10, 2025 J-GAAP
Mar, 2026 New 46,500 2,600 2,450 2,000 1,180.1 100 Feb 4, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 21,861 779 800 660 389.7 40 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 24,848 1,209 1,093 917 541.1 100 Feb 4, 2026 J-GAAP
YoY +13.7% +55.2% +36.6% +38.9% +38.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 46,383 3,183 3,088 2,261 1,333.9 100 May 10, 2024 J-GAAP
Mar, 2025 44,648 1,415 1,177 1,017 600.6 40 May 12, 2025 J-GAAP
Mar, 2026 Guidance 46,500 2,600 2,450 2,000 1,180.1 100 Feb 4, 2026 J-GAAP
YoY +4.1% +83.7% +108.2% +96.7% +96.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 12,001 564 624 527 311.1 4.7 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 9,860 215 176 133 78.5 2.2 May 12, 2025 J-GAAP
Apr - Jun, 2025 10,192 426 410 395 233.5 4.2 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 11,460 965 947 688 406.3 8.4 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 11,342 916 907 488 288.0 8.1 Feb 4, 2026 J-GAAP
YoY -5.5% +62.4% +45.4% -7.4% -7.4%

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