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Nippon Tungsten, Ordinary Profit Forecast for Last Fiscal Year Revised Upward by 18%

Thu Apr 23, 2026 4:30 pm JST Revision

6998 Nippon Tungsten Co.,Ltd. 【J-GAAP】

Guidance Update Report

Nippon Tungsten Co.,Ltd. <6998> [TSE Std] announced a performance revision after the market closed on April 23rd (16:30). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 17.7%, from the previous forecast of 0.96 billion yen to 1.13 billion yen (compared to 0.95 billion yen in the previous period), increasing the growth rate from 0.8% to 18.7%. However, the full-year forecast for consolidated net income has decreased 61.4%, from the previous forecast of 0.70 billion yen to 0.27 billion yen (compared to 0.67 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 60.1% decrease in profit.

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 32.7%, from the previous forecast of 0.52 billion yen to 0.69 billion yen (compared to 0.42 billion yen in the same period of the previous year), increasing the growth rate from 21.2% to 60.8%.

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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 6,750 403 520 396 81.5 25 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 New 6,750 413 690 -34 -7.0 25 Apr 23, 2026 J-GAAP
Revision Rate 0.0% +2.5% +32.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 12,800 700 960 700 144.1 50 May 14, 2025 J-GAAP
Mar, 2026 New 12,800 710 1,130 270 55.7 50 Apr 23, 2026 J-GAAP
Revision Rate 0.0% +1.4% +17.7% -61.4% -61.4%

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 6,083 292 429 322 66.5 25 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 6,750 413 690 -34 -7.0 25 Apr 23, 2026 J-GAAP
YoY +11.0% +41.4% +60.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 11,464 476 786 527 108.9 50 May 9, 2024 J-GAAP
Mar, 2025 12,392 689 952 676 139.6 50 May 14, 2025 J-GAAP
Mar, 2026 Guidance 12,800 710 1,130 270 55.7 50 Apr 23, 2026 J-GAAP
YoY +3.3% +3.0% +18.7% -60.1% -60.1%

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