NISHIKAWA RUBBER, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 35%, Highest in Nine Terms, Dividend Revised Upward by 1 Yen

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Thu Feb 12, 2026 4:00 pm JST Earnings

5161 NISHIKAWA RUBBER CO., LTD. 【J-GAAP】

Earnings Report

NISHIKAWA RUBBER CO., LTD. <5161> [TSE Std] 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) expanded 8.59 billion yen, an increase 51.2% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 34.9%, from the previous forecast of 8.30 billion yen to 11.2 billion yen (compared to 7.61 billion yen in the previous period), increasing the growth rate from 9.0% to 47.0%, reaches new record high for the first time in nine terms.

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 81.4%, from the previous forecast of 3.56 billion yen to 6.46 billion yen (compared to 3.87 billion yen in the same period of the previous year), turning to a 66.8% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 181 yen to 182 yen (compared to 209 yen before the 2-for-1 forward stock split in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 98.6% from the same period last year, reaching 3.85 billion yen. The operating profit margin significantly improved from 5.1% in the same period last year to 8.2%.

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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	89,953	4,267	5,873	3,624	94.3	65.8	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	86,410	5,375	5,682	2,855	74.0	74.6	Feb 10, 2025	J-GAAP
Apr - Dec, 2025	88,180	6,521	8,590	6,106	162.2	76.7	Feb 12, 2026	J-GAAP
YoY	+2.0%	+21.3%	+51.2%	+113.9%	+119.4%

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	54,651	2,721	3,564	1,711	47.2	90	Nov 13, 2025	J-GAAP
Oct - Mar, 2025 New	63,651	4,521	6,464	5,711	157.5	91	Feb 12, 2026	J-GAAP
Revision Rate	+16.5%	+66.2%	+81.4%	+233.8%	+233.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	112,000	6,700	8,300	6,000	165.5	181	Nov 13, 2025	J-GAAP
Mar, 2026 New	121,000	8,500	11,200	10,000	275.8	182	Feb 12, 2026	J-GAAP
Revision Rate	+8.0%	+26.9%	+34.9%	+66.7%	+66.7%

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	59,423	3,222	3,876	1,867	48.4	91.50	May 14, 2025	J-GAAP
Oct - Mar, 2025 Guidance	63,651	4,521	6,464	5,711	157.5	91	Feb 12, 2026	J-GAAP
YoY	+7.1%	+40.3%	+66.8%	+205.9%	+225.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	117,904	6,555	8,920	5,038	130.7	22	May 10, 2024	J-GAAP
Mar, 2025	120,639	7,324	7,617	3,957	102.5	104.50	May 14, 2025	J-GAAP
Mar, 2026 Guidance	121,000	8,500	11,200	10,000	275.8	182	Feb 12, 2026	J-GAAP
YoY	+0.3%	+16.1%	+47.0%	+152.7%	+169.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	25,194	1,273	1,941	765	19.8	5.1	Feb 10, 2025	J-GAAP
Jan - Mar, 2025	34,229	1,949	1,935	1,102	28.6	5.7	May 14, 2025	J-GAAP
Apr - Jun, 2025	28,943	1,758	2,058	1,460	37.8	6.1	Aug 7, 2025	J-GAAP
Jul - Sep, 2025	28,406	2,221	2,678	2,829	73.8	7.8	Nov 13, 2025	J-GAAP
Oct - Dec, 2025	30,831	2,542	3,854	1,817	48.3	8.2	Feb 12, 2026	J-GAAP
YoY	+22.4%	+99.7%	+98.6%	+137.5%	+143.5%