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Ad-Sol Nissin, 12% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Dividend Raised by 2 Yen
3837 Ad-Sol Nissin Corporation 【J-GAAP】
Earnings ReportAd-Sol Nissin Corporation <3837> [TSE Prime] announced its financial results after the market closed on May 12th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 25.4% from the previous period to 2.21 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 11.5% to 2.47 billion yen, marking the fourth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.
At the same time, the company has decided to increase the dividend this fiscal year to 48 yen, an increase of 2 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 3.0% from the same period last year, reaching 0.37 billion yen. However, the operating profit margin worsened from 8.5% in the same period last year to 8.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 14,078 | 1,437 | 1,485 | 979 | 52.6 | 21.50 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 15,463 | 1,710 | 1,766 | 1,209 | 65.8 | 30 | May 8, 2025 | J-GAAP |
| Mar, 2026 | 17,151 | 2,145 | 2,215 | 1,511 | 86.9 | 46 | May 12, 2026 | J-GAAP |
| YoY | +10.9% | +25.4% | +25.4% | +25.0% | +32.0% |
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 | 17,100 | 2,100 | 2,160 | 1,400 | 83.1 | 46 | Dec 17, 2025 | J-GAAP |
| Mar, 2026 Results | 17,151 | 2,145 | 2,215 | 1,511 | 86.9 | 46 | May 12, 2026 | J-GAAP |
| Revision Rate | +0.3% | +2.1% | +2.5% | +7.9% | +4.5% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 8,506 | 1,103 | 1,136 | 750 | 43.0 | 18 | Nov 6, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 8,800 | 1,150 | 1,180 | 770 | 45.7 | 24 | May 12, 2026 | J-GAAP |
| YoY | +3.5% | +4.3% | +3.9% | +2.7% | +6.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 15,463 | 1,710 | 1,766 | 1,209 | 65.8 | 30 | May 8, 2025 | J-GAAP |
| Mar, 2026 | 17,151 | 2,145 | 2,215 | 1,511 | 86.9 | 46 | May 12, 2026 | J-GAAP |
| Mar, 2027 Guidance | 18,200 | 2,400 | 2,470 | 1,610 | 95.6 | 48 | May 12, 2026 | J-GAAP |
| YoY | +6.1% | +11.9% | +11.5% | +6.6% | +10.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 3,930 | 336 | 365 | 285 | 15.5 | 8.5 | May 8, 2025 | J-GAAP |
| Apr - Jun, 2025 | 4,146 | 549 | 551 | 365 | 20.9 | 13.2 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 4,360 | 554 | 585 | 385 | 22.1 | 12.7 | Nov 6, 2025 | J-GAAP |
| Oct - Dec, 2025 | 4,322 | 692 | 703 | 460 | 26.4 | 16.0 | Feb 5, 2026 | J-GAAP |
| Jan - Mar, 2026 | 4,323 | 350 | 376 | 301 | 17.3 | 8.1 | May 12, 2026 | J-GAAP |
| YoY | +10.0% | +4.2% | +3.0% | +5.6% | +11.5% |
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