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Nitta Gelatin, Net Income Forecast for the Fiscal Year Revised Upward by 48%, Dividend Revised Upward by 6 Yen

Wed Nov 12, 2025 3:30 pm JST Earnings

4977 Nitta Gelatin Inc. 【J-GAAP】

Earnings Report

Nitta Gelatin Inc. <4977> [TSE Std] announced its financial results after the market closed on November 12th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.7 times that of the same period last year, reaching 2.21 billion yen, exceeded the previous forecast of 1.00 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 47.6%, from the previous forecast of 2.10 billion yen to 3.10 billion yen (compared to 3.15 billion yen in the previous period), and the declining rate is expected to decrease from 33.5% to 1.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to significant drop 62.1% from the same period last year to 0.88 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 24 yen to 30 yen (compared to 25 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income surged 7.8 times that of the same period last year, reaching 1.58 billion yen. However, the operating profit margin decreased from 11.7% in the same period last year to 11.4%.

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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 19,711 1,344 1,739 690 38.1 73.0 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 19,735 2,127 1,969 820 45.2 47.5 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 18,499 2,324 2,388 2,214 121.9 58.2 Nov 12, 2025 J-GAAP
YoY -6.3% +9.3% +21.3% +170.0% +169.8%

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 19,000 1,900 2,000 1,000 55.0 12 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 18,499 2,324 2,388 2,214 121.9 12 Nov 12, 2025 J-GAAP
Revision Rate -2.6% +22.3% +19.4% +121.4% +121.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 40,000 4,000 4,100 2,100 115.5 24 May 14, 2025 J-GAAP
Mar, 2026 New 40,000 4,000 4,100 3,100 170.4 30 Nov 12, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +47.6% +47.6%

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 19,010 1,803 2,176 2,339 128.8 16 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 21,501 1,676 1,712 886 48.7 18 Nov 12, 2025 J-GAAP
YoY +13.1% -7.0% -21.3% -62.1% -62.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 40,420 1,836 2,382 -1,850 -102.0 16 May 15, 2024 J-GAAP
Mar, 2025 38,745 3,930 4,145 3,159 173.9 25 May 14, 2025 J-GAAP
Mar, 2026 Guidance 40,000 4,000 4,100 3,100 170.4 30 Nov 12, 2025 J-GAAP
YoY +3.2% +1.8% -1.1% -1.9% -2.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,358 1,094 589 204 11.2 11.7 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 9,911 1,066 1,567 1,056 58.1 10.8 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 9,099 737 609 1,283 70.6 8.1 May 14, 2025 J-GAAP
Apr - Jun, 2025 9,137 1,253 1,249 625 34.4 13.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 9,362 1,071 1,139 1,589 87.5 11.4 Nov 12, 2025 J-GAAP
YoY +0.0% -2.1% +93.4% +678.9% +678.2%

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