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Nippon Aqua, Jul-Sep (3Q) Ordinary Profit Decreases by 4%

Fri Nov 7, 2025 3:30 pm JST Earnings

1429 Nippon Aqua Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Aqua Co., Ltd. <1429> [TSE Prime] announced its financial results after the market closed on November 7th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2025 (January to September) increased 13.2% from the same period last year, reaching 1.75 billion yen. However, Progress toward the full-year plan of 3.06 billion yen was 57.3%, also falling below the five-year average of 65.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to grow 24.0% from the same period last year, reaching 1.30 billion yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 0.65 billion yen, a 4.3% decrease compared to the same period last year. The operating profit margin worsened from 8.7% in the same period last year to 7.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 20,165 2,199 2,225 1,509 48.1 76.3 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 20,817 1,521 1,548 1,043 33.2 59.4 Nov 8, 2024 J-GAAP
Jan - Sep, 2025 24,288 1,740 1,753 1,186 37.2 57.3 Nov 7, 2025 J-GAAP
YoY +16.7% +14.4% +13.2% +13.7% +11.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 17,153 1,726 1,736 1,260 40.1 34 Feb 7, 2025 J-GAAP
Jul - Dec, 2025 Guidance 18,377 1,913 1,960 1,319 41.4 35 Aug 8, 2025 J-GAAP
YoY +7.1% +10.8% +12.9% +4.7% +3.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 28,341 2,881 2,917 2,004 63.8 32 Feb 14, 2024 J-GAAP
Dec, 2024 30,265 2,575 2,604 1,839 58.6 34 Feb 7, 2025 J-GAAP
Dec, 2025 Guidance 34,360 3,004 3,062 2,067 64.8 35 Feb 7, 2025 J-GAAP
YoY +13.5% +16.7% +17.6% +12.4% +10.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 7,705 672 680 464 14.8 8.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 9,448 1,054 1,056 796 25.3 11.2 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 7,501 526 529 359 11.3 7.0 May 9, 2025 J-GAAP
Apr - Jun, 2025 8,482 565 573 389 12.2 6.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 8,305 649 651 438 13.7 7.8 Nov 7, 2025 J-GAAP
YoY +7.8% -3.4% -4.3% -5.6% -7.1%

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