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NIPPON KODOSHI, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 19%, Dividend Revised Upward by 10 Yen

Thu Oct 30, 2025 2:00 pm JST Earnings

3891 NIPPON KODOSHI CORPORATION 【J-GAAP】

Earnings Report

NIPPON KODOSHI CORPORATION <3891> [TSE Std] announced its financial results in the afternoon session on October 30th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 7.5% from the same period last year, reaching 1.77 billion yen, resulting in an increase in profits compared to the previous forecast of a 21.1% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 19.2%, from the previous forecast of 2.60 billion yen to 3.10 billion yen (compared to 2.44 billion yen in the previous period), increasing the growth rate from 6.3% to 26.8%.

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 expand 66.8% from the same period last year, reaching 1.32 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 70 yen to 80 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 24.8% from the same period last year, reaching 0.93 billion yen. However, the operating profit margin decreased from 22.1% in the same period last year to 19.7%.

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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 7,791 1,267 1,523 1,099 103.2 75.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 8,214 1,725 1,648 1,183 111.3 67.4 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 9,347 1,784 1,771 1,243 118.0 57.1 Oct 30, 2025 J-GAAP
YoY +13.8% +3.4% +7.5% +5.1% +6.0%

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 8,300 1,300 1,300 900 85.3 35 Apr 24, 2025 J-GAAP
Apr - Sep, 2025 Results 9,347 1,784 1,771 1,243 118.0 40 Oct 30, 2025 J-GAAP
Revision Rate +12.6% +37.2% +36.2% +38.1% +38.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 16,600 2,600 2,600 1,850 175.4 70 Apr 24, 2025 J-GAAP
Mar, 2026 New 18,100 3,100 3,100 2,100 199.1 80 Oct 30, 2025 J-GAAP
Revision Rate +9.0% +19.2% +19.2% +13.5% +13.5%

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 7,819 735 797 598 56.3 35 Apr 24, 2025 J-GAAP
Oct - Mar, 2025 Guidance 8,753 1,316 1,329 857 81.3 40 Oct 30, 2025 J-GAAP
YoY +11.9% +79.0% +66.8% +43.3% +44.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 14,828 1,719 2,021 1,479 139.0 50 Apr 24, 2024 J-GAAP
Mar, 2025 16,033 2,460 2,445 1,781 167.6 60 Apr 24, 2025 J-GAAP
Mar, 2026 Guidance 18,100 3,100 3,100 2,100 199.1 80 Oct 30, 2025 J-GAAP
YoY +12.9% +26.0% +26.8% +17.9% +18.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 4,316 952 749 526 49.5 22.1 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 3,971 404 487 374 35.2 10.2 Jan 30, 2025 J-GAAP
Jan - Mar, 2025 3,848 331 310 224 21.1 8.6 Apr 24, 2025 J-GAAP
Apr - Jun, 2025 4,646 856 836 597 56.7 18.4 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 4,701 928 935 646 61.3 19.7 Oct 30, 2025 J-GAAP
YoY +8.9% -2.5% +24.8% +22.8% +23.9%

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