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NH Foods, Net Income Forecast for the Fiscal Year Revised Upward by 13%

Tue Nov 4, 2025 3:40 pm JST Earnings

2282 NH Foods Ltd. 【IFRS】

Earnings Report

NH Foods Ltd. <2282> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 4th (15:40). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 29.8% from the same period last year, reaching 23.1 billion yen, exceeded the previous forecast of 18.5 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 13.3%, from the previous forecast of 30.0 billion yen to 34.0 billion yen (compared to 26.5 billion yen in the previous period), increasing the growth rate from 12.8% to 27.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow 24.0% from the same period last year, reaching 10.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged 2.4 times that of the same period last year, reaching 11.7 billion yen.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 652,122 ー 31,605 19,984 194.9 77.8 Oct 31, 2023 IFRS
Apr - Sep, 2024 683,864 ー 28,872 17,864 174.2 77.6 Nov 1, 2024 IFRS
Apr - Sep, 2025 722,599 ー 38,273 23,188 235.2 76.5 Nov 4, 2025 IFRS
YoY +5.7% － +32.6% +29.8% +35.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 700,000 ー 30,000 18,500 189.2 － May 9, 2025 IFRS
Apr - Sep, 2025 Results 722,599 ー 38,273 23,188 235.2 － Nov 4, 2025 IFRS
Revision Rate +3.2% － +27.6% +25.3% +24.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,400,000 ー 45,000 30,000 312.4 156 May 9, 2025 IFRS
Mar, 2026 New 1,430,000 ー 50,000 34,000 354.0 156 Nov 4, 2025 IFRS
Revision Rate +2.1% － +11.1% +13.3% +13.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 686,689 ー 8,326 8,721 86.3 135 May 9, 2025 IFRS
Oct - Mar, 2025 Guidance 707,401 ー 11,727 10,812 112.6 156 Nov 4, 2025 IFRS
YoY +3.0% － +40.8% +24.0% +30.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,303,432 ー 40,599 28,078 273.7 119 May 10, 2024 IFRS
Mar, 2025 1,370,553 ー 37,198 26,585 263.1 135 May 9, 2025 IFRS
Mar, 2026 Guidance 1,430,000 ー 50,000 34,000 354.0 156 Nov 4, 2025 IFRS
YoY +4.3% － +34.4% +27.9% +34.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 345,814 ー 9,067 4,816 47.0 0.0 Nov 1, 2024 IFRS
Oct - Dec, 2024 371,154 ー 14,425 11,288 110.9 0.0 Jan 31, 2025 IFRS
Jan - Mar, 2025 315,535 ー -6,099 -2,567 -25.4 0.0 May 9, 2025 IFRS
Apr - Jun, 2025 354,141 ー 18,418 11,417 115.4 0.0 Aug 1, 2025 IFRS
Jul - Sep, 2025 368,458 ー 19,855 11,771 119.4 0.0 Nov 4, 2025 IFRS
YoY +6.5% － +119.0% +144.4% +154.3%

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