kabutan

Nippon Pigment, First Half Ordinary Profit Increases by 2.4 times, Current Fiscal Year Dividend Revised Upward by 20 Yen

Fri Nov 14, 2025 1:00 pm JST Earnings

4119 Nippon Pigment Holdings Company Limited 【J-GAAP】

Earnings Report

Nippon Pigment Holdings Company Limited <4119> [TSE Std] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.4 times that of the same period last year, reaching 0.42 billion yen. However, Progress toward the full-year plan of 1.16 billion yen was 36.5%, also falling below the five-year average of 60.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge 3.2 times that of the same period last year, reaching 0.73 billion yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 100 yen to 120 yen (compared to 100 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 11 times that of the same period last year, reaching 0.28 billion yen. The operating profit/loss margin significantly improved from -0.4% in the same period last year to 3.1%.

Kabutan News

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 13,604 -10 116 16 10.2 17.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 16,814 43 173 6,647 4,235.3 43.0 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 20,047 405 423 347 221.1 36.5 Nov 14, 2025 J-GAAP
YoY +19.2% +841.9% +144.5% -94.8% -94.8%

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 22,000 300 370 230 146.5 － May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 20,047 405 423 347 221.1 － Nov 14, 2025 J-GAAP
Revision Rate -8.9% +35.0% +14.3% +50.9% +50.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 45,800 1,000 1,160 700 446.0 100 May 14, 2025 J-GAAP
Mar, 2026 New 45,800 1,000 1,160 700 446.0 120 Nov 14, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 21,107 133 229 -1,621 -1,032.8 100 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 25,753 595 737 353 224.9 120 Nov 14, 2025 J-GAAP
YoY +22.0% +347.4% +221.8% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 26,683 425 648 740 471.9 100 May 10, 2024 J-GAAP
Mar, 2025 37,921 176 402 5,026 3,202.2 100 May 14, 2025 J-GAAP
Mar, 2026 Guidance 45,800 1,000 1,160 700 446.0 120 Nov 14, 2025 J-GAAP
YoY +20.8% +468.2% +188.6% -86.1% -86.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,947 -36 26 141 89.8 -0.4 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 10,377 55 75 192 122.3 0.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 10,730 78 154 -1,813 -1,155.1 0.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 9,713 84 139 109 69.7 0.9 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 10,334 321 284 238 151.7 3.1 Nov 14, 2025 J-GAAP
YoY +3.9% － +992.3% +68.8% +68.8%

Related Articles