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Nishi-Nippon Railroad, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 19% Increase, Raises Record High Profit

Thu Feb 12, 2026 4:00 pm JST Earnings

9031 Nishi-Nippon Railroad Co.,Ltd. 【J-GAAP】

Earnings Report

Nishi-Nippon Railroad Co.,Ltd. <9031> [TSE Prime] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 29.3% from the same period last year, reaching 28.9 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 24.3%, from the previous forecast of 27.6 billion yen to 34.3 billion yen (compared to 28.7 billion yen in the previous period), record profits reach two consecutive terms, turning to a 19.4% 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 50.7%, from the previous forecast of 13.2 billion yen to 19.9 billion yen (compared to 15.5 billion yen in the same period of the previous year), turning to a 28.3% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 58.7% from the same period last year, reaching 14.6 billion yen. However, the operating profit margin remained almost flat, changing from 8.1% in the same period last year to 8.0%.

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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 303,749 18,320 18,623 16,649 211.4 75.9 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 316,734 21,451 22,412 16,160 207.2 78.0 Feb 13, 2025 J-GAAP
Apr - Dec, 2025 343,560 22,709 28,982 27,771 364.9 84.5 Feb 12, 2026 J-GAAP
YoY +8.5% +5.9% +29.3% +71.9% +76.1%

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 254,242 13,944 13,222 8,474 112.2 25 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 New 250,442 15,144 19,922 14,474 191.7 25 Feb 12, 2026 J-GAAP
Revision Rate -1.5% +8.6% +50.7% +70.8% +70.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 476,500 27,000 27,600 25,000 331.1 50 Nov 13, 2025 J-GAAP
Mar, 2026 New 472,700 28,200 34,300 31,000 410.6 50 Feb 12, 2026 J-GAAP
Revision Rate -0.8% +4.4% +24.3% +24.0% +24.0%

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 235,377 13,984 15,528 11,556 148.4 22.50 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 250,442 15,144 19,922 14,474 191.7 25 Feb 12, 2026 J-GAAP
YoY +6.4% +8.3% +28.3% +25.3% +29.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 411,649 25,877 24,538 24,723 314.0 40 May 10, 2024 J-GAAP
Mar, 2025 443,495 26,655 28,739 20,810 267.2 40 May 9, 2025 J-GAAP
Mar, 2026 Guidance 472,700 28,200 34,300 31,000 410.6 50 Feb 12, 2026 J-GAAP
YoY +6.6% +5.8% +19.4% +49.0% +53.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 108,616 8,780 9,201 6,906 88.5 8.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 126,761 5,204 6,327 4,650 59.7 4.1 May 9, 2025 J-GAAP
Apr - Jun, 2025 103,628 4,105 5,081 6,477 83.8 4.0 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 118,630 8,951 9,297 10,049 131.5 7.5 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 121,302 9,653 14,604 11,245 147.7 8.0 Feb 12, 2026 J-GAAP
YoY +11.7% +9.9% +58.7% +62.8% +66.9%

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