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Naikai Zosen, 50% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 60 Yen

Tue May 12, 2026 3:30 pm JST Earnings

7018 Naikai Zosen Corporation 【J-GAAP】

Earnings Report

Naikai Zosen Corporation <7018> [TSE Std] announced its financial results after the market closed on May 12th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 expanded to 2.6 times that of the previous period to 3.00 billion yen. However, for the fiscal year ending March 2027 is also bleak, with an expected significant drop by 50.0% from the previous period to 1.50 billion yen.

At the same time, the company has decided to significantly reduce the dividend this fiscal year to 40 yen, a decrease of 60 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit surged 4.2 times that of the same period last year, reaching 0.73 billion yen. The operating profit margin significantly improved from 2.2% in the same period last year to 5.5%.

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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 46,383 3,183 3,088 2,261 1,333.9 100 May 10, 2024 J-GAAP
Mar, 2025 44,648 1,415 1,177 1,017 600.6 40 May 12, 2025 J-GAAP
Mar, 2026 47,016 3,075 3,002 2,299 1,356.6 100 May 12, 2026 J-GAAP
YoY +5.3% +117.3% +155.1% +126.1% +125.9%

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 46,500 2,600 2,450 2,000 1,180.1 100 Feb 4, 2026 J-GAAP
Mar, 2026 Results 47,016 3,075 3,002 2,299 1,356.6 100 May 12, 2026 J-GAAP
Revision Rate +1.1% +18.3% +22.5% +15.0% +15.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 21,652 1,391 1,357 1,083 639.5 － Nov 6, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － － May 12, 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 44,648 1,415 1,177 1,017 600.6 40 May 12, 2025 J-GAAP
Mar, 2026 47,016 3,075 3,002 2,299 1,356.6 100 May 12, 2026 J-GAAP
Mar, 2027 Guidance 46,000 1,600 1,500 1,000 590.1 40 May 12, 2026 J-GAAP
YoY -2.2% -48.0% -50.0% -56.5% -56.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 9,860 215 176 133 78.5 2.2 May 12, 2025 J-GAAP
Apr - Jun, 2025 10,192 426 410 395 233.5 4.2 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 11,460 965 947 688 406.3 8.4 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 11,342 916 907 488 288.0 8.1 Feb 4, 2026 J-GAAP
Jan - Mar, 2026 14,022 768 738 728 429.6 5.5 May 12, 2026 J-GAAP
YoY +42.2% +257.2% +319.3% +447.4% +447.0%

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