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NittoBest, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 22%

Fri Feb 13, 2026 3:30 pm JST Earnings

2877 NittoBest Corporation 【J-GAAP】

Earnings Report

NittoBest Corporation <2877> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 6.4% from the same period last year, reaching 434 million yen.

However, the full-year forecast for consolidated ordinary profit has decreased 22.2%, from the previous forecast of 900 million yen to 700 million yen (compared to 510 million yen in the previous period), leading to a reduction in the profit growth rate from 76.5% to 37.3%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 24.7%, from the previous forecast of 810 million yen to 610 million yen (compared to 519 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 56.1% to 17.5%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 344 million yen, a 17.5% decrease compared to the same period last year. The operating profit margin worsened from 2.9% in the same period last year to 2.1%.

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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 41,251 579 608 364 30.1 111.4 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 42,422 436 408 228 18.9 80.0 Feb 13, 2025 J-GAAP
Apr - Dec, 2025 43,663 392 434 271 22.4 62.0 Feb 13, 2026 J-GAAP
YoY +2.9% -10.1% +6.4% +18.9% +18.9%

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 31,740 939 810 529 43.7 12 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 New 29,740 639 610 329 27.2 12 Feb 13, 2026 J-GAAP
Revision Rate -6.3% -31.9% -24.7% -37.8% -37.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 60,000 1,000 900 600 49.6 12 May 14, 2025 J-GAAP
Mar, 2026 New 58,000 700 700 400 33.1 12 Feb 13, 2026 J-GAAP
Revision Rate -3.3% -30.0% -22.2% -33.3% -33.3%

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 28,545 572 519 424 35.1 12 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 29,740 639 610 329 27.2 12 Feb 13, 2026 J-GAAP
YoY +4.2% +11.7% +17.5% -22.4% -22.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 54,271 504 546 411 34.0 12 May 9, 2024 J-GAAP
Mar, 2025 55,860 574 510 384 31.8 12 May 14, 2025 J-GAAP
Mar, 2026 Guidance 58,000 700 700 400 33.1 12 Feb 13, 2026 J-GAAP
YoY +3.8% +22.0% +37.3% +4.2% +4.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 15,107 434 417 268 22.2 2.9 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 13,438 138 102 156 12.9 1.0 May 14, 2025 J-GAAP
Apr - Jun, 2025 14,015 8 8 24 2.1 0.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 14,245 53 82 47 3.9 0.4 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 15,403 331 344 200 16.6 2.1 Feb 13, 2026 J-GAAP
YoY +2.0% -23.7% -17.5% -25.4% -25.3%

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