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NICHIBAN, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 14% Decrease

Tue Feb 10, 2026 2:00 pm JST Earnings

4218 NICHIBAN CO., LTD. 【J-GAAP】

Earnings Report

NICHIBAN CO., LTD. <4218> [TSE Prime] announced its financial results in the afternoon session on February 10th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 21.8% from the same period last year to 1.89 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 25.8%, from the previous forecast of 3.10 billion yen to 2.30 billion yen (compared to 2.68 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 14.2% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 39.0%, from the previous forecast of 2.04 billion yen to 1.24 billion yen (compared to 1.45 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 14.1% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.84 billion yen, a 29.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.6% in the same period last year to 5.4%.

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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 35,504 1,711 1,844 1,391 67.6 83.8 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 37,384 2,351 2,427 1,671 82.1 90.5 Feb 10, 2025 J-GAAP
Apr - Dec, 2025 37,753 1,761 1,899 1,266 62.2 82.6 Feb 10, 2026 J-GAAP
YoY +1.0% -25.1% -21.8% -24.2% -24.2%

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 27,350 1,975 2,049 1,344 66.0 40 Nov 11, 2025 J-GAAP
Oct - Mar, 2025 New 25,850 1,175 1,249 744 36.6 40 Feb 10, 2026 J-GAAP
Revision Rate -5.5% -40.5% -39.0% -44.6% -44.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 51,500 3,000 3,100 2,000 98.2 40 May 9, 2025 J-GAAP
Mar, 2026 New 50,000 2,200 2,300 1,400 68.8 40 Feb 10, 2026 J-GAAP
Revision Rate -2.9% -26.7% -25.8% -30.0% -30.0%

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 25,698 1,412 1,454 1,150 56.5 35 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 25,850 1,175 1,249 744 36.6 40 Feb 10, 2026 J-GAAP
YoY +0.6% -16.8% -14.1% -35.3% -35.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 46,859 2,073 2,201 1,827 89.0 35 May 13, 2024 J-GAAP
Mar, 2025 49,457 2,586 2,681 1,959 96.3 35 May 9, 2025 J-GAAP
Mar, 2026 Guidance 50,000 2,200 2,300 1,400 68.8 40 Feb 10, 2026 J-GAAP
YoY +1.1% -14.9% -14.2% -28.5% -28.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 13,625 1,177 1,200 862 42.4 8.6 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 12,073 235 254 288 14.2 1.9 May 9, 2025 J-GAAP
Apr - Jun, 2025 11,923 651 676 393 19.3 5.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 12,227 374 375 263 12.9 3.1 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 13,603 736 848 610 30.0 5.4 Feb 10, 2026 J-GAAP
YoY -0.2% -37.5% -29.3% -29.2% -29.2%

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