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NTN, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 18%, The Undecided Dividend Set at 11 Yen

Fri Oct 31, 2025 4:00 pm JST Earnings

6472 NTN CORPORATION 【J-GAAP】

Earnings Report

NTN CORPORATION <6472> [TSE Prime] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.5 times that of the same period last year, reaching 8.72 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 18.2%, from the previous forecast of 11.0 billion yen to 13.0 billion yen (compared to 10.4 billion yen in the previous period), increasing the growth rate from 5.0% to 24.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 38.9% from the same period last year to 4.27 billion yen.

In light of the strong performance, the company has decided to implement a annual dividend of 11 yen for the current fiscal year, which was previously undecided (compared to 11 yen in the prior term).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 3.7 times that of the same period last year, reaching 4.69 billion yen. The operating profit margin remained almost flat, changing from 2.7% in the same period last year to 2.9%.

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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 409,647 6,763 4,883 4,124 7.8 24.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 413,947 9,949 3,483 -2,125 -4.0 33.3 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 402,256 12,865 8,727 3,100 5.9 67.1 Oct 31, 2025 J-GAAP
YoY -2.8% +29.3% +150.6% － －

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 － － May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 402,256 12,865 8,727 3,100 5.9 5.50 Oct 31, 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 790,000 24,000 11,000 -6,000 -11.3 － May 14, 2025 J-GAAP
Mar, 2026 New 805,000 26,000 13,000 -4,000 -7.6 11 Oct 31, 2025 J-GAAP
Revision Rate +1.9% +8.3% +18.2% +33.3% +33.3%

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 411,640 13,010 6,992 -21,676 -40.9 5.50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 402,744 13,135 4,273 -7,100 -13.4 5.50 Oct 31, 2025 J-GAAP
YoY -2.2% +1.0% -38.9% +67.2% +67.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 836,285 28,149 20,001 10,568 19.9 10 May 14, 2024 J-GAAP
Mar, 2025 825,587 22,959 10,475 -23,801 -44.9 11 May 14, 2025 J-GAAP
Mar, 2026 Guidance 805,000 26,000 13,000 -4,000 -7.6 11 Oct 31, 2025 J-GAAP
YoY -2.5% +13.2% +24.1% +83.2% +83.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 203,138 5,417 1,283 -2,295 -4.3 2.7 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 201,571 4,264 2,304 -6,126 -11.6 2.1 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 210,069 8,746 4,688 -15,550 -29.3 4.2 May 14, 2025 J-GAAP
Apr - Jun, 2025 199,039 6,977 4,032 1,190 2.3 3.5 Aug 4, 2025 J-GAAP
Jul - Sep, 2025 203,217 5,888 4,695 1,910 3.6 2.9 Oct 31, 2025 J-GAAP
YoY +0.0% +8.7% +265.9% － －

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