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NHK SPRING, Oct-Dec (3Q) Ordinary Profit Increases by 33%
5991 NHK SPRING CO., LTD. 【J-GAAP】
Earnings ReportNHK SPRING CO., LTD. <5991> [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) decreased 7.5% from the same period last year to 36.5 billion yen. Progress toward the full-year plan of 53.0 billion yen was 69.0%, which was higher than the five-year average of 60.1%.
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 10.8% from the same period last year to 16.4 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 33.1% from the same period last year, reaching 16.7 billion yen. The operating profit margin remained almost flat, changing from 6.1% in the same period last year to 6.4%.
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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 | 562,288 | 17,695 | 28,425 | 20,981 | 92.6 | 59.4 | Feb 13, 2024 | J-GAAP |
| Apr - Dec, 2024 | 592,673 | 35,238 | 39,541 | 29,863 | 138.6 | 68.2 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 596,388 | 31,391 | 36,562 | 25,160 | 124.1 | 69.0 | Feb 12, 2026 | J-GAAP |
| YoY | +0.6% | -10.9% | -7.5% | -15.7% | -10.5% |
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 | 410,468 | 29,211 | 30,988 | 26,622 | 124.2 | 39 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 406,070 | 28,466 | 33,167 | 26,094 | 128.8 | 33 | Nov 12, 2025 | J-GAAP |
| YoY | -1.1% | -2.6% | +7.0% | -2.0% | +3.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 766,934 | 34,652 | 47,814 | 39,188 | 173.3 | 42 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 801,698 | 52,160 | 57,960 | 48,167 | 224.7 | 69 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 800,000 | 47,000 | 53,000 | 40,000 | 197.4 | 66 | May 14, 2025 | J-GAAP |
| YoY | -0.2% | -9.9% | -8.6% | -17.0% | -12.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 201,443 | 12,289 | 12,569 | 8,318 | 38.6 | 6.1 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 209,025 | 16,922 | 18,419 | 18,304 | 85.4 | 8.1 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 199,953 | 11,047 | 12,022 | 8,976 | 44.2 | 5.5 | Aug 6, 2025 | J-GAAP |
| Jul - Sep, 2025 | 193,977 | 7,487 | 7,811 | 4,930 | 24.3 | 3.9 | Nov 12, 2025 | J-GAAP |
| Oct - Dec, 2025 | 202,458 | 12,857 | 16,729 | 11,254 | 55.5 | 6.4 | Feb 12, 2026 | J-GAAP |
| YoY | +0.5% | +4.6% | +33.1% | +35.3% | +43.8% |
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