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NITCHITSU, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 35%
7021 NITCHITSU CO.,LTD. 【J-GAAP】
Earnings ReportNITCHITSU CO.,LTD. <7021> [TSE Std] announced its financial results after the market closed on February 13th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 20.6% from the same period last year, reaching 199 million yen.
However, the full-year forecast for consolidated ordinary profit has decreased 35.3%, from the previous forecast of 340 million yen to 220 million yen (compared to 216 million yen in the previous period), leading to a reduction in the profit growth rate from 57.4% to 1.9%.
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 65.9%, from the previous forecast of 182 million yen to 62 million yen (compared to 97 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 36.1% decrease in profit.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 41 million yen, a 10.9% decrease compared to the same period last year. The operating profit margin worsened from 1.9% in the same period last year to 1.4%.
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 | 6,079 | 228 | 187 | 87 | 42.5 | 75.4 | Feb 13, 2024 | J-GAAP |
| Apr - Dec, 2024 | 7,160 | 198 | 165 | 236 | 119.9 | 76.4 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 6,995 | 180 | 199 | 101 | 51.6 | 90.5 | Feb 13, 2026 | J-GAAP |
| YoY | -2.3% | -9.1% | +20.6% | -57.2% | -57.0% |
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 | 4,258 | 251 | 182 | 106 | 54.0 | 18 | Nov 13, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 4,508 | 81 | 62 | 56 | 28.5 | 18 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +5.9% | -67.7% | -65.9% | -47.2% | -47.2% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 9,050 | 400 | 340 | 200 | 101.8 | 35 | May 12, 2025 | J-GAAP |
| Mar, 2026 New | 9,300 | 230 | 220 | 150 | 76.4 | 35 | Feb 13, 2026 | J-GAAP |
| Revision Rate | +2.8% | -42.5% | -35.3% | -25.0% | -25.0% |
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 | 5,136 | 119 | 97 | 30 | 15.3 | 20 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 4,508 | 81 | 62 | 56 | 28.5 | 18 | Feb 13, 2026 | J-GAAP |
| YoY | -12.2% | -31.9% | -36.1% | +86.7% | +86.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 8,286 | 325 | 248 | 247 | 121.1 | 30 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 9,850 | 270 | 216 | 241 | 122.9 | 35 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 9,300 | 230 | 220 | 150 | 76.4 | 35 | Feb 13, 2026 | J-GAAP |
| YoY | -5.6% | -14.8% | +1.9% | -37.8% | -37.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 2,446 | 47 | 46 | 25 | 12.7 | 1.9 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 2,690 | 72 | 51 | 5 | 2.6 | 2.7 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 2,697 | 111 | 135 | 89 | 45.4 | 4.1 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 2,095 | 38 | 23 | 5 | 2.6 | 1.8 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 2,203 | 31 | 41 | 7 | 3.6 | 1.4 | Feb 13, 2026 | J-GAAP |
| YoY | -9.9% | -34.0% | -10.9% | -72.0% | -71.8% |
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