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NISHIO HOLDINGS, First Half Ordinary Profit Revised Downward to an Unexpected 6%Decrease

Mon May 11, 2026 3:30 pm JST Earnings

9699 NISHIO HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

NISHIO HOLDINGS CO., LTD. <9699> [TSE Prime] announced its financial results after the market closed on May 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) decreased 5.9% from the same period last year to 10.5 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.0% increase.

Progress toward the full-year plan of 19.0 billion yen was 55.4%, almost the same as the five-year average of 58.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (second half) is expected to grow 10.9% from the same period last year, reaching 8.47 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit decreased to 4.96 billion yen, a 3.3% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 9.6% in the same period last year to 9.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2023 101,464 10,283 9,954 6,402 230.6 57.2 May 8, 2024 J-GAAP
Oct - Mar, 2024 111,543 11,421 11,192 7,297 262.9 59.4 May 8, 2025 J-GAAP
Oct - Mar, 2025 107,888 10,565 10,530 6,723 242.2 55.4 May 11, 2026 J-GAAP
YoY -3.3% -7.5% -5.9% -7.9% -7.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Guidance 114,000 11,700 11,300 7,350 264.7 0 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 Results 107,888 10,565 10,530 6,723 242.2 0 May 11, 2026 J-GAAP
Revision Rate -5.4% -9.7% -6.8% -8.5% -8.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 103,411 8,181 7,635 4,812 173.3 131 Nov 10, 2025 J-GAAP
Apr - Sep, 2026 Guidance 112,112 9,435 8,470 5,477 197.3 132 May 11, 2026 J-GAAP
YoY +8.4% +15.3% +10.9% +13.8% +13.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 198,995 18,044 17,400 11,599 417.8 126 Nov 8, 2024 J-GAAP
Sep, 2025 214,954 19,602 18,827 12,109 436.2 131 Nov 10, 2025 J-GAAP
Sep, 2026 Guidance 220,000 20,000 19,000 12,200 439.4 132 Nov 10, 2025 J-GAAP
YoY +2.3% +2.0% +0.9% +0.8% +0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 54,823 5,238 5,132 3,257 117.3 9.6 May 8, 2025 J-GAAP
Apr - Jun, 2025 51,558 3,357 2,990 2,075 74.7 6.5 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 51,853 4,824 4,645 2,737 98.6 9.3 Nov 10, 2025 J-GAAP
Oct - Dec, 2025 55,264 5,507 5,567 3,574 128.7 10.0 Feb 4, 2026 J-GAAP
Jan - Mar, 2026 52,624 5,058 4,963 3,149 113.4 9.6 May 11, 2026 J-GAAP
YoY -4.0% -3.4% -3.3% -3.3% -3.3%

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