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Nippon Shikizai, 82% Increase in Ordinary Profit for The Current Fiscal Year
4920 Nippon Shikizai, Inc. 【J-GAAP】
Earnings ReportNippon Shikizai, Inc. <4920> [TSE Std] announced its financial results after the market closed on April 13th (17:00). The consolidated ordinary profit for the fiscal year ended February 2026 dropped by 58.9% from the previous period to 151 million yen. For the fiscal year ending February 2027, the consolidated ordinary profit is expected to recover in a V-shape, increasing by 82.1% to 275 million yen.
In the most recent three-month period, from December to February (4Q), the consolidated ordinary profit surged 5.0 times that of the same period last year, reaching 150 million yen. The operating profit margin improved from 1.0% in the same period last year to 3.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2024 | 15,050 | 441 | 407 | 398 | 190.0 | 20 | Apr 11, 2024 | J-GAAP |
| Feb, 2025 | 17,632 | 489 | 367 | 216 | 103.2 | 20 | Apr 11, 2025 | J-GAAP |
| Feb, 2026 | 16,643 | 180 | 151 | 335 | 162.0 | 30 | Apr 13, 2026 | J-GAAP |
| YoY | -5.6% | -63.2% | -58.9% | +55.1% | +57.0% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2026 Guidance | 16,462 | 243 | 133 | 321 | 156.9 | 30 | Oct 7, 2025 | J-GAAP |
| Feb, 2026 Results | 16,643 | 180 | 151 | 335 | 162.0 | 30 | Apr 13, 2026 | J-GAAP |
| Revision Rate | +1.1% | -25.9% | +13.5% | +4.4% | +3.3% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2025 | 8,031 | 110 | 90 | 49 | 23.5 | 0 | Oct 14, 2025 | J-GAAP |
| Mar - Aug, 2026 Guidance | 8,918 | 92 | 33 | 11 | 5.4 | 0 | Apr 13, 2026 | J-GAAP |
| YoY | +11.0% | -16.4% | -63.3% | -77.6% | -76.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2025 | 17,632 | 489 | 367 | 216 | 103.2 | 20 | Apr 11, 2025 | J-GAAP |
| Feb, 2026 | 16,643 | 180 | 151 | 335 | 162.0 | 30 | Apr 13, 2026 | J-GAAP |
| Feb, 2027 Guidance | 18,361 | 394 | 275 | 187 | 92.0 | 30 | Apr 13, 2026 | J-GAAP |
| YoY | +10.3% | +118.9% | +82.1% | -44.2% | -43.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - Feb, 2024 | 4,281 | 43 | 30 | 18 | 8.6 | 1.0 | Apr 11, 2025 | J-GAAP |
| Mar - May, 2025 | 3,976 | 86 | 75 | 50 | 24.2 | 2.2 | Jul 15, 2025 | J-GAAP |
| Jun - Aug, 2025 | 4,055 | 24 | 15 | -1 | -0.5 | 0.6 | Oct 14, 2025 | J-GAAP |
| Sep - Nov, 2025 | 3,513 | -95 | -89 | 168 | 80.8 | -2.7 | Jan 14, 2026 | J-GAAP |
| Dec - Feb, 2025 | 5,099 | 165 | 150 | 118 | 57.1 | 3.2 | Apr 13, 2026 | J-GAAP |
| YoY | +19.1% | +283.7% | +400.0% | +555.6% | +563.5% |
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