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NIHON SEIKAN, First Half Ordinary Profit Loss Widens

Fri Oct 31, 2025 3:30 pm JST Earnings

5905 NIHON SEIKAN K.K 【J-GAAP】

Earnings Report

NIHON SEIKAN K.K <5905> [TSE Std] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded to a loss of 96 million yen (compared to a loss of 71 million yen in the same period last year), reversing from the forecast of a 30 million yen to a loss.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 261 million yen (compared to a loss of 405 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of 34 million yen (compared to a loss of 167 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.8% in the same period last year to -1.4%.

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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 5,994 194 227 145 107.2 70.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 5,968 -111 -71 -64 -48.1 ー Nov 5, 2024 J-GAAP
Apr - Sep, 2025 5,791 -115 -96 -20 -15.3 ー Oct 31, 2025 J-GAAP
YoY -3.0% -3.6% -35.2% +68.8% +68.1%

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 6,085 13 30 2 1.5 0 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 5,791 -115 -96 -20 -15.3 0 Oct 31, 2025 J-GAAP
Revision Rate -4.8% － － － －

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 5,291 -429 -405 -271 -202.2 20 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 6,581 249 261 142 104.9 30 Oct 31, 2025 J-GAAP
YoY +24.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 12,248 256 323 271 199.8 70 Apr 30, 2024 J-GAAP
Mar, 2025 11,259 -540 -476 -335 -249.9 20 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 12,372 134 165 122 90.2 30 Apr 30, 2025 J-GAAP
YoY +9.9% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,612 -178 -167 -116 -87.1 -6.8 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 2,787 -248 -230 -763 -568.6 -8.9 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 2,504 -181 -175 492 367.0 -7.2 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 2,836 -73 -62 -53 -40.3 -2.6 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 2,955 -42 -34 33 25.3 -1.4 Oct 31, 2025 J-GAAP
YoY +13.1% +76.4% +79.6% － －

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