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TRUSCO NAKAYAMA, 6% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend
9830 TRUSCO NAKAYAMA CORPORATION 【J-GAAP】
Earnings ReportTRUSCO NAKAYAMA CORPORATION <9830> [TSE Prime] announced its financial results in the afternoon session on February 13th (13:00). The consolidated ordinary profit for the fiscal year ended December 2025 increased by 12.4% from the previous period to 22.5 billion yen. However, for the fiscal year ending December 2026, the consolidated ordinary profit is expected to decrease by 5.9% from the previous period to 21.2 billion yen.
At the same time, the company increased the annual dividend for the previous term from 59 yen to 60 yen (compared to 54 yen in the prior term), and has decided to reduce the dividend this fiscal year to 55.5 yen, a decrease of 4.5 yen from the previous fiscal year.
In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit amounted to 5.58 billion yen, a 2.5% decrease compared to the same period last year. The operating profit margin worsened from 7.3% in the same period last year to 6.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 268,154 | 18,519 | 18,669 | 12,268 | 186.1 | 46.50 | Feb 9, 2024 | J-GAAP |
| Dec, 2024 | 295,024 | 19,978 | 20,056 | 16,095 | 244.1 | 54 | Feb 13, 2025 | J-GAAP |
| Dec, 2025 | 320,043 | 22,816 | 22,541 | 15,881 | 240.8 | 60 | Feb 13, 2026 | J-GAAP |
| YoY | +8.5% | +14.2% | +12.4% | -1.3% | -1.3% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2025 Guidance | 325,000 | 23,029 | 22,752 | 15,557 | 235.9 | 59 | Aug 12, 2025 | J-GAAP |
| Dec, 2025 Results | 320,043 | 22,816 | 22,541 | 15,881 | 240.8 | 60 | Feb 13, 2026 | J-GAAP |
| Revision Rate | -1.5% | -0.9% | -0.9% | +2.1% | +2.1% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 | 158,233 | 11,825 | 11,716 | 7,984 | 121.1 | 30.50 | Aug 12, 2025 | J-GAAP |
| Jan - Jun, 2026 Guidance | 169,579 | 11,647 | 11,403 | 7,805 | 118.4 | 30 | Feb 13, 2026 | J-GAAP |
| YoY | +7.2% | -1.5% | -2.7% | -2.2% | -2.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2024 | 295,024 | 19,978 | 20,056 | 16,095 | 244.1 | 54 | Feb 13, 2025 | J-GAAP |
| Dec, 2025 | 320,043 | 22,816 | 22,541 | 15,881 | 240.8 | 60 | Feb 13, 2026 | J-GAAP |
| Dec, 2026 Guidance | 341,000 | 21,720 | 21,220 | 14,540 | 220.5 | 55.50 | Feb 13, 2026 | J-GAAP |
| YoY | +6.5% | -4.8% | -5.9% | -8.4% | -8.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 78,641 | 5,710 | 5,726 | 4,493 | 68.1 | 7.3 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 79,164 | 5,843 | 5,817 | 4,002 | 60.7 | 7.4 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 79,069 | 5,982 | 5,899 | 3,982 | 60.4 | 7.6 | Aug 12, 2025 | J-GAAP |
| Jul - Sep, 2025 | 79,117 | 5,329 | 5,243 | 3,604 | 54.7 | 6.7 | Oct 31, 2025 | J-GAAP |
| Oct - Dec, 2025 | 82,693 | 5,662 | 5,582 | 4,293 | 65.1 | 6.8 | Feb 13, 2026 | J-GAAP |
| YoY | +5.2% | -0.8% | -2.5% | -4.5% | -4.5% |
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