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NOF, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2%, Raises Record High Profit Forecast, Dividend Revised Upward by 9 Yen

Fri Feb 13, 2026 2:00 pm JST Earnings

4403 NOF CORPORATION 【J-GAAP】

Earnings Report

NOF CORPORATION <4403> [TSE Prime] announced its financial results in the afternoon session on February 13th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 8.2% from the same period last year to 34.5 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 2.5%, from the previous forecast of 48.3 billion yen to 49.5 billion yen (compared to 46.5 billion yen in the previous period), increasing the growth rate from 3.7% to 6.3%, further surpassing the previous forecast of record-high profits for five consecutive 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 4.5%, from the previous forecast of 26.6 billion yen to 27.8 billion yen (compared to 22.9 billion yen in the same period of the previous year), increasing the growth rate from 16.0% to 21.3%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 52 yen to 61 yen (compared to 45 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 12.8 billion yen, an 8.0% decrease compared to the same period last year. The operating profit margin decreased from 20.5% in the same period last year to 17.4%.

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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 160,099 33,262 35,733 26,011 107.9 78.4 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 171,170 35,759 37,606 27,627 116.1 80.7 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 173,472 31,826 34,518 25,565 110.8 69.7 Feb 13, 2026 J-GAAP
YoY +1.3% -11.0% -8.2% -7.5% -4.6%

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 149,261 25,352 26,668 22,781 99.9 26 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 151,361 25,352 27,868 23,981 105.1 35 Feb 13, 2026 J-GAAP
Revision Rate +1.4% 0.0% +4.5% +5.3% +5.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 258,400 46,000 48,300 38,200 167.5 52 Nov 6, 2025 J-GAAP
Mar, 2026 New 260,500 46,000 49,500 39,400 172.7 61 Feb 13, 2026 J-GAAP
Revision Rate +0.8% 0.0% +2.5% +3.1% +3.1%

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 127,832 21,987 22,980 19,481 82.1 24 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 151,361 25,352 27,868 23,981 105.1 35 Feb 13, 2026 J-GAAP
YoY +18.4% +15.3% +21.3% +23.1% +28.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 222,252 42,142 45,577 33,990 141.2 38 May 9, 2024 J-GAAP
Mar, 2025 238,310 45,308 46,572 36,497 153.9 45 May 9, 2025 J-GAAP
Mar, 2026 Guidance 260,500 46,000 49,500 39,400 172.7 61 Feb 13, 2026 J-GAAP
YoY +9.3% +1.5% +6.3% +8.0% +12.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 60,692 12,438 14,014 10,611 44.6 20.5 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 67,140 9,549 8,966 8,870 37.4 14.2 May 9, 2025 J-GAAP
Apr - Jun, 2025 56,063 11,847 12,274 8,610 37.0 21.1 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 53,076 8,801 9,358 6,809 29.4 16.6 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 64,333 11,178 12,886 10,146 44.0 17.4 Feb 13, 2026 J-GAAP
YoY +6.0% -10.1% -8.0% -4.4% -1.4%

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