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Nippon Beet Sugar Manufacturing, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 74% Increase, Highest in Thirty Eight Terms, Dividend Revised Upward by 80 Yen

Fri Feb 13, 2026 2:00 pm JST Earnings

2108 Nippon Beet Sugar Manufacturing Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Beet Sugar Manufacturing Co.,Ltd. <2108> [TSE Prime] announced its financial results in the afternoon session on February 13th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 88.5% from the same period last year to 0.57 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 5.2 times, from the previous forecast of 0.90 billion yen to 4.70 billion yen (compared to 2.70 billion yen in the previous period), reaches new record high for the first time in thirty eight terms, turning to a 73.9% increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward from an expected loss of 0.28 billion yen to a profit of 3.51 billion yen (compared to a loss of 3.11 billion yen in the same period of the previous year), turning to a profit.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 80 yen to 160 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net loss improved to a deficit of 0.60 billion yen (compared to a loss of 0.81 billion yen in the same period last year). The operating profit/loss margin improved from -7.6% in the same period last year to -5.7%.

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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 51,423 349 1,206 785 59.8 66.9 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 46,617 -831 -232 4,997 396.6 ー Feb 12, 2025 J-GAAP
Apr - Dec, 2025 51,251 -1,182 -439 577 47.0 ー Feb 13, 2026 J-GAAP
YoY +9.9% -42.2% -89.2% -88.5% -88.2%

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 36,022 -452 -171 -284 -23.5 80 Nov 11, 2025 J-GAAP
Oct - Mar, 2025 New 36,022 -252 29 3,516 290.9 160 Feb 13, 2026 J-GAAP
Revision Rate 0.0% +44.2% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 69,000 -600 100 900 74.5 80 Nov 11, 2025 J-GAAP
Mar, 2026 New 69,000 -400 300 4,700 388.8 160 Feb 13, 2026 J-GAAP
Revision Rate 0.0% +33.3% +200.0% +422.2% +422.2%

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 35,614 33 365 -3,113 -247.8 80 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 36,022 -252 29 3,516 290.9 160 Feb 13, 2026 J-GAAP
YoY +1.1% － -92.1% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 69,297 910 1,802 1,811 138.5 55 May 14, 2024 J-GAAP
Mar, 2025 64,796 535 1,124 2,703 215.2 80 May 14, 2025 J-GAAP
Mar, 2026 Guidance 69,000 -400 300 4,700 388.8 160 Feb 13, 2026 J-GAAP
YoY +6.5% － -73.3% +73.9% +80.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 17,435 -1,333 -991 -819 -65.0 -7.6 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 18,179 1,366 1,356 -2,294 -182.6 7.5 May 14, 2025 J-GAAP
Apr - Jun, 2025 17,168 -89 303 167 13.5 -0.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 15,810 -59 -32 1,017 82.1 -0.4 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 18,273 -1,034 -710 -607 -49.4 -5.7 Feb 13, 2026 J-GAAP
YoY +4.8% +22.4% +28.4% +25.9% +24.0%

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