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NIHON DENKEI, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 6% Increase, Highest in Two Terms, Dividend Revised Upward by 7 Yen

Tue Mar 10, 2026 1:00 pm JST Revision

9908 NIHON DENKEI CO.,LTD. 【J-GAAP】

Guidance Update Report

NIHON DENKEI CO.,LTD. <9908> [TSE Std] announced a revision to its performance and dividend in the afternoon session on March 10th (13:00). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 11.1%, from the previous forecast of 4.50 billion yen to 5.00 billion yen (compared to 4.73 billion yen in the previous period), reaches new record high for the first time in two terms, turning to a 5.6% increase in the consolidated ordinary profit outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit is expected to increase 15.2%, from the previous forecast of 3.28 billion yen to 3.78 billion yen (compared to 3.45 billion yen in the same period of the previous year), turning to a 9.3% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 97 yen (compared to 87 yen in the previous period).

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 71,681 3,254 3,280 2,252 199.2 47 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 New 77,681 3,654 3,780 2,652 234.5 54 Mar 10, 2026 J-GAAP
Revision Rate +8.4% +12.3% +15.2% +17.8% +17.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 124,000 4,500 4,500 3,000 265.4 90 May 9, 2025 J-GAAP
Mar, 2026 New 130,000 4,900 5,000 3,400 300.7 97 Mar 10, 2026 J-GAAP
Revision Rate +4.8% +8.9% +11.1% +13.3% +13.3%

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 72,856 3,363 3,457 2,228 195.5 47 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 77,681 3,654 3,780 2,652 234.5 54 Mar 10, 2026 J-GAAP
YoY +6.6% +8.7% +9.3% +19.0% +20.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 108,539 4,431 4,809 2,947 255.5 80 May 10, 2024 J-GAAP
Mar, 2025 121,235 4,738 4,734 2,973 260.9 87 May 9, 2025 J-GAAP
Mar, 2026 Guidance 130,000 4,900 5,000 3,400 300.7 97 Mar 10, 2026 J-GAAP
YoY +7.2% +3.4% +5.6% +14.4% +15.3%

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