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NIPPON PALLET POOL, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 3% Decrease, Dividend Revised down by 37 Yen

Mon Oct 27, 2025 5:00 pm JST Earnings

4690 NIPPON PALLET POOL CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON PALLET POOL CO.,LTD. <4690> [TSE Std] announced its financial results after the market closed on October 27th (17:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 14.7% from the same period last year to 233 million yen.

In addition, the full-year forecast for ordinary profit has decreased 37.4%, from the previous forecast of 730 million yen to 457 million yen (compared to 471 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 3.0% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow 13.1% from the same period last year, reaching 224 million yen.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 93 yen to 56 yen (compared to 59 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 124 million yen, a 28.7% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 6.1%.

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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 3,776 424 467 415 247.0 53.4 Oct 25, 2023 J-GAAP
Apr - Sep, 2024 3,500 206 273 180 107.2 58.0 Oct 25, 2024 J-GAAP
Apr - Sep, 2025 3,493 199 233 152 96.1 51.0 Oct 27, 2025 J-GAAP
YoY -0.2% -3.4% -14.7% -15.6% -10.3%

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 － 0 May 8, 2025 J-GAAP
Apr - Sep, 2025 Results 3,493 199 233 152 96.1 0 Oct 27, 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 7,400 620 730 488 308.3 93 May 8, 2025 J-GAAP
Mar, 2026 New 7,065 404 457 292 184.5 56 Oct 27, 2025 J-GAAP
Revision Rate -4.5% -34.8% -37.4% -40.2% -40.2%

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 3,435 162 198 130 77.7 59 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 3,572 205 224 140 88.5 56 Oct 27, 2025 J-GAAP
YoY +4.0% +26.5% +13.1% +7.7% +13.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,582 778 874 527 313.5 40 May 8, 2024 J-GAAP
Mar, 2025 6,935 368 471 310 185.3 59 May 8, 2025 J-GAAP
Mar, 2026 Guidance 7,065 404 457 292 184.5 56 Oct 27, 2025 J-GAAP
YoY +1.9% +9.8% -3.0% -5.8% -0.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,752 115 174 116 69.1 6.6 Oct 25, 2024 J-GAAP
Oct - Dec, 2024 1,748 109 130 85 50.5 6.2 Jan 27, 2025 J-GAAP
Jan - Mar, 2025 1,687 53 68 45 26.9 3.1 May 8, 2025 J-GAAP
Apr - Jun, 2025 1,737 92 109 71 45.3 5.3 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 1,756 107 124 81 51.2 6.1 Oct 27, 2025 J-GAAP
YoY +0.2% -7.0% -28.7% -30.2% -25.9%

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