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NIKKO, First Half Ordinary Profit Decreases by 38%

Wed Nov 12, 2025 3:30 pm JST Earnings

6306 NIKKO CO.,LTD. 【J-GAAP】

Earnings Report

NIKKO CO.,LTD. <6306> [TSE Prime] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 38.0% from the same period last year to 0.91 billion yen, fell short of the previous forecast of 1.25 billion yen.

Progress toward the full-year plan of 3.10 billion yen was 29.4%, also falling below the five-year average of 42.9%.

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 expand 36.6% from the same period last year, reaching 2.19 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 0.84 billion yen, a 0.1% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 6.4% in the same period last year to 6.4%.

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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 16,982 269 455 348 9.1 21.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 22,634 1,280 1,468 881 23.0 47.8 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 21,116 768 910 694 18.0 29.4 Nov 12, 2025 J-GAAP
YoY -6.7% -40.0% -38.0% -21.2% -21.5%

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 22,700 1,150 1,250 700 18.2 17 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 21,116 768 910 694 18.0 17 Nov 12, 2025 J-GAAP
Revision Rate -7.0% -33.2% -27.2% -0.9% -0.7%

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 26,528 1,486 1,603 1,128 29.4 17 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 29,884 2,232 2,190 1,406 36.5 17 Nov 12, 2025 J-GAAP
YoY +12.7% +50.2% +36.6% +24.6% +24.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 44,097 1,968 2,144 1,312 34.3 30 May 15, 2024 J-GAAP
Mar, 2025 49,162 2,766 3,071 2,009 52.3 32 May 14, 2025 J-GAAP
Mar, 2026 Guidance 51,000 3,000 3,100 2,100 54.5 34 May 14, 2025 J-GAAP
YoY +3.7% +8.5% +0.9% +4.5% +4.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,785 818 843 544 14.2 6.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 10,436 267 403 263 6.9 2.6 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 16,092 1,219 1,200 865 22.5 7.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 8,294 -54 68 -61 -1.6 -0.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 12,822 822 842 755 19.6 6.4 Nov 12, 2025 J-GAAP
YoY +0.3% +0.5% -0.1% +38.8% +38.4%

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