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Nippon Tungsten, First Half Ordinary Profit Decreases by 16%, Jul-Sep Ordinary Profit Decreases by 28%

Thu Nov 13, 2025 4:00 pm JST Earnings

6998 Nippon Tungsten Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Tungsten Co.,Ltd. <6998> [TSE Std] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 15.9% from the same period last year to 440 million yen. Progress toward the full-year plan of 960 million yen was 45.8%, also falling below the five-year average of 49.2%.

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 grow 21.2% from the same period last year, reaching 520 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 172 million yen, a 28.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.9% in the same period last year to 3.2%.

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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 5,669 289 457 361 74.7 58.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 6,309 397 523 354 73.2 54.9 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 6,050 297 440 304 62.7 45.8 Nov 13, 2025 J-GAAP
YoY -4.1% -25.2% -15.9% -14.1% -14.4%

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 6,200 340 460 320 65.9 25 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 6,050 297 440 304 62.7 25 Nov 13, 2025 J-GAAP
Revision Rate -2.4% -12.6% -4.3% -5.0% -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 6,083 292 429 322 66.5 25 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 6,750 403 520 396 81.5 25 Nov 13, 2025 J-GAAP
YoY +11.0% +38.0% +21.2% +23.0% +22.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 11,464 476 786 527 108.9 50 May 9, 2024 J-GAAP
Mar, 2025 12,392 689 952 676 139.6 50 May 14, 2025 J-GAAP
Mar, 2026 Guidance 12,800 700 960 700 144.1 50 May 14, 2025 J-GAAP
YoY +3.3% +1.6% +0.8% +3.6% +3.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 3,128 217 239 167 34.5 6.9 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 3,022 157 255 189 39.1 5.2 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 3,061 135 174 133 27.5 4.4 May 14, 2025 J-GAAP
Apr - Jun, 2025 3,134 205 268 181 37.4 6.5 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 2,916 92 172 123 25.4 3.2 Nov 13, 2025 J-GAAP
YoY -6.8% -57.6% -28.0% -26.3% -26.6%

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