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Nisshin OilliO, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 23% Decrease

Fri Nov 7, 2025 12:00 pm JST Earnings

2602 The Nisshin OilliO Group, Ltd. 【J-GAAP】

Earnings Report

The Nisshin OilliO Group, Ltd. <2602> [TSE Prime] announced its financial results at noon (12:00) on November 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 33.0% from the same period last year to 5.97 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 28.2%, from the previous forecast of 19.5 billion yen to 14.0 billion yen (compared to 18.0 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 22.6% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 12.5% from the same period last year to 8.02 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.86 billion yen, a 24.1% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.3%.

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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 254,839 11,545 11,132 7,976 246.1 55.6 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 261,170 10,344 8,913 7,520 232.0 49.3 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 269,921 6,972 5,971 18,508 578.6 42.7 Nov 7, 2025 J-GAAP
YoY +3.4% -32.6% -33.0% +146.1% +149.4%

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 ー ー ー ー － 90 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 269,921 6,972 5,971 18,508 578.6 90 Nov 7, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 550,000 21,000 19,500 27,500 883.8 180 May 12, 2025 J-GAAP
Mar, 2026 New 540,000 15,000 14,000 23,500 755.2 180 Nov 7, 2025 J-GAAP
Revision Rate -1.8% -28.6% -28.2% -14.5% -14.5%

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 269,708 8,934 9,176 5,330 164.4 90 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 270,079 8,028 8,029 4,992 160.4 90 Nov 7, 2025 J-GAAP
YoY +0.1% -10.1% -12.5% -6.3% -2.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 513,541 20,840 20,033 15,148 467.4 170 May 10, 2024 J-GAAP
Mar, 2025 530,878 19,278 18,089 12,850 396.4 180 May 12, 2025 J-GAAP
Mar, 2026 Guidance 540,000 15,000 14,000 23,500 755.2 180 Nov 7, 2025 J-GAAP
YoY +1.7% -22.2% -22.6% +82.9% +90.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 132,682 4,606 3,776 2,395 73.9 3.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 143,076 6,602 7,385 4,656 143.6 4.6 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 126,632 2,332 1,791 674 20.8 1.8 May 12, 2025 J-GAAP
Apr - Jun, 2025 132,070 3,763 3,106 16,639 515.0 2.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 137,851 3,209 2,865 1,869 58.4 2.3 Nov 7, 2025 J-GAAP
YoY +3.9% -30.3% -24.1% -22.0% -20.9%

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