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NIHON KAGAKU, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 26%

Fri Nov 7, 2025 2:30 pm JST Earnings

4094 NIHON KAGAKU SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

NIHON KAGAKU SANGYO CO.,LTD. <4094> [TSE Std] announced its financial results in the afternoon session on November 7th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 1.73 billion yen, a 1.2% decrease compared to the same period last year.

However, the full-year forecast for consolidated ordinary profit has been revised upward 25.5%, from the previous forecast of 2.47 billion yen to 3.10 billion yen (compared to 3.21 billion yen in the previous period), and the declining rate is expected to decrease from 23.1% to 3.5%.

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 6.2% from the same period last year to 1.36 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 0.66 billion yen, a 2.6% decrease compared to the same period last year. The operating profit margin worsened from 9.8% in the same period last year to 9.3%.

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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 10,804 949 1,147 770 39.1 44.8 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 12,514 1,526 1,755 1,243 63.9 54.6 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 13,289 1,517 1,734 1,253 64.4 55.9 Nov 7, 2025 J-GAAP
YoY +6.2% -0.6% -1.2% +0.8% +0.8%

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 － 45 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 13,289 1,517 1,734 1,253 64.4 45 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 24,660 2,130 2,470 1,800 92.5 90 May 14, 2025 J-GAAP
Mar, 2026 New 26,200 2,680 3,100 2,220 114.1 90 Nov 7, 2025 J-GAAP
Revision Rate +6.2% +25.8% +25.5% +23.3% +23.3%

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 12,927 1,334 1,457 1,114 57.3 45 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 12,911 1,163 1,366 967 49.7 45 Nov 7, 2025 J-GAAP
YoY -0.1% -12.8% -6.2% -13.2% -13.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 22,444 2,177 2,560 1,742 88.8 46 May 14, 2024 J-GAAP
Mar, 2025 25,441 2,860 3,212 2,357 121.2 75 May 14, 2025 J-GAAP
Mar, 2026 Guidance 26,200 2,680 3,100 2,220 114.1 90 Nov 7, 2025 J-GAAP
YoY +3.0% -6.3% -3.5% -5.8% -5.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 6,449 633 685 461 23.7 9.8 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 6,777 823 878 625 32.1 12.1 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 6,150 511 579 489 25.1 8.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 6,400 878 1,067 792 40.7 13.7 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 6,889 639 667 461 23.7 9.3 Nov 7, 2025 J-GAAP
YoY +6.8% +0.9% -2.6% 0.0% 0.0%

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