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Nisshin OilliO, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 24%, Oct-Dec Ordinary Profit Decreases by 14%
2602 The Nisshin OilliO Group, Ltd. 【J-GAAP】
Earnings ReportThe Nisshin OilliO Group, Ltd. <2602> [TSE Prime] announced its financial results at noon (12:00) on February 9th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 24.3% from the same period last year to 12.3 billion yen. However, Progress toward the full-year plan of 14.0 billion yen was 88.2%, almost the same as the five-year average of 90.0%.
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 decrease 7.4% from the same period last year to 1.65 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 6.37 billion yen, a 13.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 4.6% in the same period last year to 4.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 390,542 | 19,457 | 18,711 | 13,834 | 426.8 | 93.4 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 404,246 | 16,946 | 16,298 | 12,176 | 375.6 | 90.1 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 416,965 | 13,519 | 12,341 | 22,588 | 713.0 | 88.1 | Feb 9, 2026 | J-GAAP |
| YoY | +3.1% | -20.2% | -24.3% | +85.5% | +89.8% |
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 | 269,708 | 8,934 | 9,176 | 5,330 | 164.4 | 90 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 270,079 | 8,028 | 8,029 | 4,992 | 162.8 | 90 | Nov 7, 2025 | J-GAAP |
| YoY | +0.1% | -10.1% | -12.5% | -6.3% | -1.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 513,541 | 20,840 | 20,033 | 15,148 | 467.4 | 170 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 530,878 | 19,278 | 18,089 | 12,850 | 396.4 | 180 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 540,000 | 15,000 | 14,000 | 23,500 | 766.5 | 180 | Nov 7, 2025 | J-GAAP |
| YoY | +1.7% | -22.2% | -22.6% | +82.9% | +93.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 143,076 | 6,602 | 7,385 | 4,656 | 143.6 | 4.6 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 126,632 | 2,332 | 1,791 | 674 | 20.8 | 1.8 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 132,070 | 3,763 | 3,106 | 16,639 | 515.0 | 2.8 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 137,851 | 3,209 | 2,865 | 1,869 | 58.4 | 2.3 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 147,044 | 6,547 | 6,370 | 4,080 | 128.8 | 4.5 | Feb 9, 2026 | J-GAAP |
| YoY | +2.8% | -0.8% | -13.7% | -12.4% | -10.3% |
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