NIPPON RIETEC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 18%, Highest in Thirteen Terms
1938 NIPPON RIETEC CO.,LTD. 【J-GAAP】
Earnings ReportNIPPON RIETEC CO.,LTD. <1938> [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) expanded 3.87 billion yen, an increase 66.6% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 18.3%, from the previous forecast of 6.00 billion yen to 7.10 billion yen (compared to 5.95 billion yen in the previous period), increasing the growth rate from 0.8% to 19.2%, reaches new record high for the first time in thirteen 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 25.9%, from the previous forecast of 4.25 billion yen to 5.35 billion yen (compared to 4.85 billion yen in the same period of the previous year), turning to a 10.3% increase in the consolidated ordinary profit outlook.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 73.6% from the same period last year, reaching 2.13 billion yen. The operating profit margin significantly improved from 6.2% in the same period last year to 9.6%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
36,398M | 461M | 793M | 494M | 19.8 | 20.3 | Feb 8, 2024 | J-GAAP |
|
|
43,897M | 1,830M | 2,327M | 1,633M | 66.0 | 39.1 | Feb 12, 2025 | J-GAAP |
|
|
48,488M | 3,372M | 3,876M | 2,545M | 102.8 | 54.6 | Feb 12, 2026 | J-GAAP |
| YoY | +10.5% | +84.3% | +66.6% | +55.8% | +55.8% |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 43,671M | 3,855M | 4,254M | 3,150M | 127.1 | 82 | Nov 10, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 44,971M | 4,925M | 5,354M | 3,850M | 155.4 | 82 | Feb 12, 2026 | J-GAAP |
| Revision Rate | +3.0% | +27.8% | +25.9% | +22.2% | +22.2% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 72,300M | 5,330M | 6,000M | 4,200M | 169.5 | 82 | May 12, 2025 | J-GAAP |
| Mar, 2026 New | 73,600M | 6,400M | 7,100M | 4,900M | 197.7 | 82 | Feb 12, 2026 | J-GAAP |
| Revision Rate | +1.8% | +20.1% | +18.3% | +16.7% | +16.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
41,680M | 4,413M | 4,855M | 3,958M | 159.9 | 77 | May 12, 2025 | J-GAAP |
|
Guidance
Oct - Mar, 2025
|
44,971M | 4,925M | 5,354M | 3,850M | 155.4 | 82 | Feb 12, 2026 | J-GAAP |
| YoY | +7.9% | +11.6% | +10.3% | -2.7% | -2.9% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
58,542M | 3,432M | 3,910M | 2,770M | 111.4 | 35 | May 14, 2024 | J-GAAP |
|
|
68,669M | 5,199M | 5,955M | 4,733M | 191.2 | 77 | May 12, 2025 | J-GAAP |
|
Guidance
Mar, 2026
|
73,600M | 6,400M | 7,100M | 4,900M | 197.7 | 82 | Feb 12, 2026 | J-GAAP |
| YoY | +7.2% | +23.1% | +19.2% | +3.5% | +3.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
16,908M | 1,044M | 1,227M | 858M | 34.7 | 6.2 | Feb 12, 2025 | J-GAAP |
|
|
24,772M | 3,369M | 3,628M | 3,100M | 125.3 | 13.6 | May 12, 2025 | J-GAAP |
|
|
12,173M | -50M | 112M | 18M | 0.7 | -0.4 | Aug 7, 2025 | J-GAAP |
|
|
16,456M | 1,525M | 1,634M | 1,032M | 41.7 | 9.3 | Nov 10, 2025 | J-GAAP |
|
|
19,859M | 1,897M | 2,130M | 1,495M | 60.4 | 9.6 | Feb 12, 2026 | J-GAAP |
| YoY | +17.5% | +81.7% | +73.6% | +74.2% | +74.2% |
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