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NIHON KAGAKU, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 17% Increase

Tue Mar 24, 2026 1:00 pm JST Revision

4094 NIHON KAGAKU SANGYO CO.,LTD. 【J-GAAP】

Guidance Update Report

NIHON KAGAKU SANGYO CO.,LTD. <4094> [TSE Std] announced a performance revision in the afternoon session on March 24th (13:00). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 21.3%, from the previous forecast of 3.10 billion yen to 3.76 billion yen (compared to 3.21 billion yen in the previous period), turning to a 17.1% increase in the consolidated ordinary profit outlook. However, the full-year forecast for consolidated net income has decreased 1.8%, from the previous forecast of 2.22 billion yen to 2.18 billion yen (compared to 2.35 billion yen in the previous period), leading to an increase in the profit decline rate from 5.8% to 7.5%.

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 48.3%, from the previous forecast of 1.36 billion yen to 2.02 billion yen (compared to 1.45 billion yen in the same period of the previous year), turning to a 39.1% increase in the consolidated ordinary profit outlook.

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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 12,911 1,163 1,366 967 49.7 45 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 14,601 1,823 2,026 927 47.6 45 Mar 24, 2026 J-GAAP
Revision Rate +13.1% +56.7% +48.3% -4.1% -4.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 26,200 2,680 3,100 2,220 114.1 90 Nov 7, 2025 J-GAAP
Mar, 2026 New 27,890 3,340 3,760 2,180 112.0 90 Mar 24, 2026 J-GAAP
Revision Rate +6.5% +24.6% +21.3% -1.8% -1.8%

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 12,927 1,334 1,457 1,114 57.3 45 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 14,601 1,823 2,026 927 47.6 45 Mar 24, 2026 J-GAAP
YoY +12.9% +36.7% +39.1% -16.8% -16.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 22,444 2,177 2,560 1,742 88.8 46 May 14, 2024 J-GAAP
Mar, 2025 25,441 2,860 3,212 2,357 121.2 75 May 14, 2025 J-GAAP
Mar, 2026 Guidance 27,890 3,340 3,760 2,180 112.0 90 Mar 24, 2026 J-GAAP
YoY +9.6% +16.8% +17.1% -7.5% -7.6%

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