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NITTO BOSEKI, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 8%, Raises Record High Profit Forecast

Thu Feb 5, 2026 3:30 pm JST Earnings

3110 NITTO BOSEKI CO.,LTD. 【J-GAAP】

Earnings Report

NITTO BOSEKI CO.,LTD. <3110> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 15.5% from the same period last year, reaching 15.2 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 8.1%, from the previous forecast of 18.5 billion yen to 20.0 billion yen (compared to 17.5 billion yen in the previous period), increasing the growth rate from 5.3% to 13.8%, further surpassing the previous forecast of record-high profits for two consecutive terms.

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 16.1%, from the previous forecast of 9.34 billion yen to 10.8 billion yen (compared to 9.84 billion yen in the same period of the previous year), turning to a 10.1% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 11.1% from the same period last year, reaching 6.08 billion yen. The operating profit margin rose from 15.7% in the same period last year to 18.2%.

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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 68,041 5,704 6,773 5,366 147.4 69.5 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 81,520 11,811 13,196 9,421 258.8 75.1 Feb 6, 2025 J-GAAP
Apr - Dec, 2025 87,594 14,933 15,245 35,110 964.4 76.2 Feb 5, 2026 J-GAAP
YoY +7.5% +26.4% +15.5% +272.7% +272.7%

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 62,588 9,546 9,341 30,622 841.1 86.50 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 62,588 10,546 10,841 31,122 854.9 86.50 Feb 5, 2026 J-GAAP
Revision Rate 0.0% +10.5% +16.1% +1.6% +1.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 120,000 19,000 18,500 37,500 1,030.1 114 Nov 6, 2025 J-GAAP
Mar, 2026 New 120,000 20,000 20,000 38,000 1,043.8 114 Feb 5, 2026 J-GAAP
Revision Rate 0.0% +5.3% +8.1% +1.3% +1.3%

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 55,984 9,100 9,848 7,426 204.0 78.50 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 62,588 10,546 10,841 31,122 854.9 86.50 Feb 5, 2026 J-GAAP
YoY +11.8% +15.9% +10.1% +319.1% +319.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 93,253 8,387 9,752 7,296 200.4 55 May 9, 2024 J-GAAP
Mar, 2025 109,035 16,445 17,568 12,837 352.6 106 May 9, 2025 J-GAAP
Mar, 2026 Guidance 120,000 20,000 20,000 38,000 1,043.8 114 Feb 5, 2026 J-GAAP
YoY +10.1% +21.6% +13.8% +196.0% +196.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 28,469 4,466 5,476 4,010 110.1 15.7 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 27,515 4,634 4,372 3,416 93.8 16.8 May 9, 2025 J-GAAP
Apr - Jun, 2025 28,231 4,298 4,344 3,147 86.5 15.2 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 29,181 5,156 4,815 3,731 102.5 17.7 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 30,182 5,479 6,086 28,232 775.5 18.2 Feb 5, 2026 J-GAAP
YoY +6.0% +22.7% +11.1% +604.0% +604.1%

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