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Namura Shipbuilding, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 24%

Thu Feb 12, 2026 3:40 pm JST Earnings

7014 Namura Shipbuilding Co.,Ltd. 【J-GAAP】

Earnings Report

Namura Shipbuilding Co.,Ltd. <7014> [TSE Std] announced its financial results after the market closed on February 12th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 13.3% from the same period last year to 21.6 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 23.8%, from the previous forecast of 21.0 billion yen to 26.0 billion yen (compared to 29.5 billion yen in the previous period), and the declining rate is expected to decrease from 28.8% to 11.9%.

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) has been revised upward 52.0%, from the previous forecast of 9.62 billion yen to 14.6 billion yen (compared to 14.9 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 35.5% to 2.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 10.2 billion yen, a 1.1% decrease compared to the same period last year. The operating profit margin decreased from 20.6% in the same period last year to 20.4%.

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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 96,955 11,687 13,680 11,512 166.1 68.4 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 120,721 23,814 24,984 22,523 324.7 84.7 Feb 13, 2025 J-GAAP
Apr - Dec, 2025 115,303 19,480 21,667 15,359 221.2 83.3 Feb 12, 2026 J-GAAP
YoY -4.5% -18.2% -13.3% -31.8% -31.9%

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 85,390 10,228 9,623 6,806 98.0 20 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 New 87,390 15,228 14,623 9,806 141.2 20 Feb 12, 2026 J-GAAP
Revision Rate +2.3% +48.9% +52.0% +44.1% +44.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 158,000 21,000 21,000 15,000 215.9 40 May 13, 2025 J-GAAP
Mar, 2026 New 160,000 26,000 26,000 18,000 259.1 40 Feb 12, 2026 J-GAAP
Revision Rate +1.3% +23.8% +23.8% +20.0% +20.0%

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 80,946 14,379 14,921 11,959 172.4 30 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 87,390 15,228 14,623 9,806 141.2 20 Feb 12, 2026 J-GAAP
YoY +8.0% +5.9% -2.0% -18.0% -18.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 135,006 16,493 20,007 19,954 287.9 20 May 14, 2024 J-GAAP
Mar, 2025 159,227 29,466 29,504 26,245 378.4 50 May 13, 2025 J-GAAP
Mar, 2026 Guidance 160,000 26,000 26,000 18,000 259.1 40 Feb 12, 2026 J-GAAP
YoY +0.5% -11.8% -11.9% -31.4% -31.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 42,440 8,727 10,401 8,237 118.8 20.6 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 38,506 5,652 4,520 3,722 53.7 14.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 36,487 5,758 5,911 4,562 65.8 15.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 36,123 5,014 5,466 3,632 52.3 13.9 Nov 10, 2025 J-GAAP
Oct - Dec, 2025 42,693 8,708 10,290 7,165 103.2 20.4 Feb 12, 2026 J-GAAP
YoY +0.6% -0.2% -1.1% -13.0% -13.1%

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