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NAGAWA Co, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 12%

Mon Feb 16, 2026 1:00 pm JST Revision

9663 NAGAWA Co .,Ltd. 【J-GAAP】

Guidance Update Report

NAGAWA Co .,Ltd. <9663> [TSE Prime] announced a performance revision in the afternoon session on February 16th (13:00). The ordinary profit (non-consolidated) forecast for the fiscal year ending March 2026 has decreased 12.3%, from the previous forecast of 5.70 billion yen to 5.00 billion yen (compared to 4.80 billion yen in the previous period), leading to a reduction in the profit growth rate from 18.7% to 4.1%. However, the full-year forecast for net income has been revised upward 12.5%, from the previous forecast of 4.00 billion yen to 4.50 billion yen (compared to 4.21 billion yen in the previous period), record profits reach two consecutive terms, turning to a 6.8% increase in the net income outlook.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) ordinary profit has decreased 20.2%, from the previous forecast of 3.46 billion yen to 2.76 billion yen (compared to 2.66 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 30.2% to 3.9%.

Kabutan News

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 21,592 3,670 3,469 2,818 180.4 100 Oct 27, 2025 J-GAAP
Oct - Mar, 2025 New 18,892 2,570 2,769 3,318 212.4 100 Feb 16, 2026 J-GAAP
Revision Rate -12.5% -30.0% -20.2% +17.7% +17.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 38,000 5,500 5,700 4,000 256.0 100 Jul 28, 2025 J-GAAP
Mar, 2026 New 35,300 4,400 5,000 4,500 288.0 100 Feb 16, 2026 J-GAAP
Revision Rate -7.1% -20.0% -12.3% +12.5% +12.5%

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 18,959 2,464 2,664 2,792 177.8 60 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 18,892 2,570 2,769 3,318 212.4 100 Feb 16, 2026 J-GAAP
YoY -0.4% +4.3% +3.9% +18.8% +19.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 32,576 4,241 4,643 3,119 198.4 60 May 13, 2024 J-GAAP
Mar, 2025 35,294 4,299 4,803 4,213 268.3 60 May 15, 2025 J-GAAP
Mar, 2026 Guidance 35,300 4,400 5,000 4,500 288.0 100 Feb 16, 2026 J-GAAP
YoY +0.0% +2.3% +4.1% +6.8% +7.3%

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