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Nippon Soda, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 13% Increase

Thu Feb 12, 2026 3:30 pm JST Earnings

4041 Nippon Soda Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Soda Co.,Ltd. <4041> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 21.7% from the same period last year, reaching 17.7 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 31.0%, from the previous forecast of 16.8 billion yen to 22.0 billion yen (compared to 19.5 billion yen in the previous period), turning to a 12.7% increase in the consolidated ordinary profit outlook.

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 73.7%, from the previous forecast of 7.05 billion yen to 12.2 billion yen (compared to 11.1 billion yen in the same period of the previous year), turning to a 9.8% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 28.7% from the same period last year, reaching 7.97 billion yen. The operating profit margin rose from 10.2% in the same period last year to 11.4%.

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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 105,355 9,774 15,286 11,784 211.5 65.6 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 107,304 11,198 14,563 12,538 227.7 74.6 Feb 13, 2025 J-GAAP
Apr - Dec, 2025 106,272 11,511 17,719 12,436 228.2 80.5 Feb 12, 2026 J-GAAP
YoY -1.0% +2.8% +21.7% -0.8% +0.2%

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 80,931 6,147 7,058 6,507 121.4 70 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 New 83,931 7,547 12,258 10,207 190.4 70 Feb 12, 2026 J-GAAP
Revision Rate +3.7% +22.8% +73.7% +56.9% +56.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 148,000 13,200 16,800 13,300 248.1 140 May 14, 2025 J-GAAP
Mar, 2026 New 151,000 14,600 22,000 17,000 317.2 140 Feb 12, 2026 J-GAAP
Revision Rate +2.0% +10.6% +31.0% +27.8% +27.8%

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 88,120 8,986 11,165 8,665 157.3 80 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 83,931 7,547 12,258 10,207 190.4 70 Feb 12, 2026 J-GAAP
YoY -4.8% -16.0% +9.8% +17.8% +21.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 154,429 13,872 23,297 16,612 298.7 120 May 14, 2024 J-GAAP
Mar, 2025 155,199 16,063 19,529 15,011 272.6 140 May 14, 2025 J-GAAP
Mar, 2026 Guidance 151,000 14,600 22,000 17,000 317.2 140 Feb 12, 2026 J-GAAP
YoY -2.7% -9.1% +12.7% +13.3% +16.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 40,225 4,121 6,199 6,192 112.4 10.2 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 47,895 4,865 4,966 2,473 44.9 10.2 May 14, 2025 J-GAAP
Apr - Jun, 2025 32,639 3,156 4,529 3,213 58.5 9.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 34,430 3,897 5,213 3,580 65.4 11.3 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 39,203 4,458 7,977 5,643 103.6 11.4 Feb 12, 2026 J-GAAP
YoY -2.5% +8.2% +28.7% -8.9% -7.9%

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