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NITTO KOHKI, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 86% Increase
6151 NITTO KOHKI CO.,LTD. 【J-GAAP】
Earnings ReportNITTO KOHKI CO.,LTD. <6151> [TSE Prime] announced its financial results after the market closed on February 13th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 2.17 billion yen, an increase 49.8% compared to the same period last year.
In addition, the full-year forecast for consolidated net income has been revised upward 3.8 times, from the previous forecast of 0.65 billion yen to 2.50 billion yen (compared to 1.34 billion yen in the previous period), turning to an 85.9% 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) is expected to increase 4.4 times, from the previous forecast of 0.54 billion yen to 2.39 billion yen (compared to 0.40 billion yen in the same period of the previous year), increasing the growth rate from 33.9% to 5.9 times.
In the most recent three-month period, from October to December (3Q), the consolidated net income surged 4.0 times that of the same period last year, reaching 2.06 billion yen. However, the operating profit margin drastically worsened from 9.9% in the same period last year to 2.8%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 20,607 | 2,118 | 2,299 | 1,625 | 82.1 | 81.5 | Feb 5, 2024 | J-GAAP |
| Apr - Dec, 2024 | 20,307 | 2,063 | 2,188 | 1,449 | 77.4 | 87.2 | Feb 14, 2025 | J-GAAP |
| Apr - Dec, 2025 | 20,090 | 1,117 | 1,339 | 2,170 | 116.0 | 78.8 | Feb 13, 2026 | J-GAAP |
| YoY | -1.1% | -45.9% | -38.8% | +49.8% | +49.8% |
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 | 14,130 | 580 | 644 | 545 | 29.1 | 20 | Nov 12, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 14,130 | 580 | 644 | 2,395 | 128.0 | 20 | Feb 13, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | +339.4% | +339.5% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 27,300 | 1,500 | 1,700 | 650 | 34.7 | 40 | Nov 12, 2025 | J-GAAP |
| Mar, 2026 New | 27,300 | 1,500 | 1,700 | 2,500 | 133.6 | 40 | Feb 13, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | +284.6% | +284.7% |
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 | 13,759 | 955 | 1,034 | 407 | 21.7 | 18 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 14,130 | 580 | 644 | 2,395 | 128.0 | 20 | Feb 13, 2026 | J-GAAP |
| YoY | +2.7% | -39.3% | -37.7% | +488.5% | +488.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 27,072 | 2,680 | 2,821 | 1,841 | 93.5 | 43 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 27,256 | 2,342 | 2,510 | 1,345 | 71.9 | 39 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 27,300 | 1,500 | 1,700 | 2,500 | 133.6 | 40 | Feb 13, 2026 | J-GAAP |
| YoY | +0.2% | -36.0% | -32.3% | +85.9% | +85.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 6,810 | 676 | 712 | 511 | 27.3 | 9.9 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 6,949 | 279 | 322 | -104 | -5.6 | 4.0 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 6,586 | 452 | 539 | -281 | -15.1 | 6.9 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 6,584 | 468 | 517 | 386 | 20.7 | 7.1 | Nov 12, 2025 | J-GAAP |
| Oct - Dec, 2025 | 6,920 | 197 | 283 | 2,065 | 110.4 | 2.8 | Feb 13, 2026 | J-GAAP |
| YoY | +1.6% | -70.9% | -60.3% | +304.1% | +304.2% |
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