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NHK SPRING, 23% Increase in Ordinary Profit, Record High for The First Time in Two Years, Dividend Raised by 3 Yen

Mon May 11, 2026 3:30 pm JST Earnings

5991 NHK SPRING CO., LTD. 【J-GAAP】

Earnings Report

NHK SPRING CO., LTD. <5991> [TSE Prime] announced its financial results after the market closed on May 11th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 10.0% from the previous period to 52.1 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to expand to 22.6% to 64.0 billion yenExpected to reach record high profits for the first time in two years. This will be the sixth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 69 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 15.6 billion yen, a 15.2% decrease compared to the same period last year. The operating profit margin worsened from 8.1% in the same period last year to 6.5%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 766,934 34,652 47,814 39,188 173.3 42 May 15, 2024 J-GAAP
Mar, 2025 801,698 52,160 57,960 48,167 224.7 69 May 14, 2025 J-GAAP
Mar, 2026 816,879 45,784 52,189 27,862 137.5 66 May 11, 2026 J-GAAP
YoY +1.9% -12.2% -10.0% -42.2% -38.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 800,000 47,000 53,000 40,000 197.4 66 May 14, 2025 J-GAAP
Mar, 2026 Results 816,879 45,784 52,189 27,862 137.5 66 May 11, 2026 J-GAAP
Revision Rate +2.1% -2.6% -1.5% -30.3% -30.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 393,930 18,534 19,833 13,906 68.6 33 Nov 12, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 33 May 11, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 801,698 52,160 57,960 48,167 224.7 69 May 14, 2025 J-GAAP
Mar, 2026 816,879 45,784 52,189 27,862 137.5 66 May 11, 2026 J-GAAP
Mar, 2027 Guidance 860,000 59,000 64,000 45,000 222.1 69 May 11, 2026 J-GAAP
YoY +5.3% +28.9% +22.6% +61.5% +61.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 209,025 16,922 18,419 18,304 85.4 8.1 May 14, 2025 J-GAAP
Apr - Jun, 2025 199,953 11,047 12,022 8,976 44.2 5.5 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 193,977 7,487 7,811 4,930 24.3 3.9 Nov 12, 2025 J-GAAP
Oct - Dec, 2025 202,458 12,857 16,729 11,254 55.5 6.4 Feb 12, 2026 J-GAAP
Jan - Mar, 2026 220,491 14,393 15,627 2,702 13.3 6.5 May 11, 2026 J-GAAP
YoY +5.5% -14.9% -15.2% -85.2% -84.4%

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