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NAKANISHI MFG, First Half Ordinary Profit Revised Downward to an Unexpected 15%Decrease

Mon Nov 10, 2025 12:30 pm JST Earnings

5941 NAKANISHI MFG.CO.,LTD. 【J-GAAP】

Earnings Report

NAKANISHI MFG.CO.,LTD. <5941> [TSE Std] announced its financial results at noon (12:30) on November 10th. The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 14.5% from the same period last year to 0.61 billion yen, resulting in a decrease in profits compared to the previous forecast of an 18.9% increase.

Progress toward the full-year plan of 2.10 billion yen was 29.4%, almost the same as the five-year average of 29.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease 28.3% from the same period last year to 1.48 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit amounted to 1.23 billion yen, an increase of 0.7% compared to the same period last year. However, the operating profit margin decreased from 10.6% in the same period last year to 10.4%.

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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 16,285 601 662 399 63.3 31.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 16,670 636 723 457 72.8 25.9 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 16,912 544 618 389 62.6 29.4 Nov 10, 2025 J-GAAP
YoY +1.5% -14.5% -14.5% -14.9% -14.0%

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 19,000 800 860 560 90.8 0 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 16,912 544 618 389 62.6 0 Nov 10, 2025 J-GAAP
Revision Rate -11.0% -32.0% -28.1% -30.5% -31.1%

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 23,261 1,995 2,066 1,350 215.0 87 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 23,088 1,456 1,482 1,111 180.2 72 Nov 10, 2025 J-GAAP
YoY -0.7% -27.0% -28.3% -17.7% -16.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 36,602 1,966 2,086 1,519 241.4 73 May 10, 2024 J-GAAP
Mar, 2025 39,931 2,631 2,789 1,807 287.8 87 May 9, 2025 J-GAAP
Mar, 2026 Guidance 40,000 2,000 2,100 1,500 243.3 72 May 9, 2025 J-GAAP
YoY +0.2% -24.0% -24.7% -17.0% -15.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 11,151 1,184 1,223 834 132.8 10.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 10,357 543 564 370 58.9 5.2 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 12,904 1,452 1,502 980 156.1 11.3 May 9, 2025 J-GAAP
Apr - Jun, 2025 5,205 -673 -614 -445 -71.2 -12.9 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 11,707 1,217 1,232 834 134.1 10.4 Nov 10, 2025 J-GAAP
YoY +5.0% +2.8% +0.7% 0.0% +1.0%

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