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Nippon Avionics, 10% Increase in Ordinary Profit, Update Record High for Sixth Consecutive Term, Dividend Raised by 5 Yen

Tue May 12, 2026 5:00 pm JST Earnings

6946 Nippon Avionics Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Avionics Co., Ltd. <6946> [TSE Std] announced its financial results after the market closed on May 12th (17:00). The consolidated ordinary profit for the fiscal year ended March 2026 expanded to 97.6% from the previous period to 5.35 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 10.1% to 5.90 billion yen, marking the sixth consecutive term of record-high profits. This will be the fourth consecutive term of revenue and the seventh consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 15 yen, an increase of 5 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 88.2% from the same period last year, reaching 2.09 billion yen. The operating profit margin rose from 17.5% in the same period last year to 22.6%.

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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 18,055 2,178 2,152 2,149 131.9 6 May 10, 2024 J-GAAP
Mar, 2025 20,122 2,796 2,711 1,964 124.4 6 May 13, 2025 J-GAAP
Mar, 2026 29,194 5,515 5,358 3,820 253.6 10 May 12, 2026 J-GAAP
YoY +45.1% +97.2% +97.6% +94.5% +103.9%

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 28,500 5,000 4,870 3,440 232.6 10 Jan 30, 2026 J-GAAP
Mar, 2026 Results 29,194 5,515 5,358 3,820 253.6 10 May 12, 2026 J-GAAP
Revision Rate +2.4% +10.3% +10.0% +11.0% +9.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 12,703 1,977 1,902 1,300 85.0 0 Oct 29, 2025 J-GAAP
Apr - Sep, 2026 Guidance 0 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 20,122 2,796 2,711 1,964 124.4 6 May 13, 2025 J-GAAP
Mar, 2026 29,194 5,515 5,358 3,820 253.6 10 May 12, 2026 J-GAAP
Mar, 2027 Guidance 32,000 6,100 5,900 4,200 284.0 15 May 12, 2026 J-GAAP
YoY +9.6% +10.6% +10.1% +9.9% +12.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 6,452 1,131 1,113 899 56.9 17.5 May 13, 2025 J-GAAP
Apr - Jun, 2025 5,037 582 563 388 25.2 11.6 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 7,666 1,395 1,339 912 59.6 18.2 Oct 29, 2025 J-GAAP
Oct - Dec, 2025 7,023 1,394 1,361 931 61.5 19.8 Jan 30, 2026 J-GAAP
Jan - Mar, 2026 9,468 2,144 2,095 1,589 105.5 22.6 May 12, 2026 J-GAAP
YoY +46.7% +89.6% +88.2% +76.8% +85.3%

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