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Namura Shipbuilding, First Half Ordinary Profit Decreases by 22%

Mon Nov 10, 2025 3:40 pm JST Earnings

7014 Namura Shipbuilding Co.,Ltd. 【J-GAAP】

Earnings Report

Namura Shipbuilding Co.,Ltd. <7014> [TSE Std] announced its financial results after the market closed on November 10th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 22.0% from the same period last year to 11.3 billion yen. Progress toward the full-year plan of 21.0 billion yen was 54.2%, below the five-year average of 65.8%.

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 drop 35.5% from the same period last year to 9.62 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 14.1% from the same period last year, reaching 5.46 billion yen. However, the operating profit margin decreased from 16.8% in the same period last year to 13.9%.

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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 60,619 6,569 9,058 7,591 109.5 45.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 78,281 15,087 14,583 14,286 206.0 49.4 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 72,610 10,772 11,377 8,194 118.1 54.2 Nov 10, 2025 J-GAAP
YoY -7.2% -28.6% -22.0% -42.6% -42.7%

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 － 20 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 72,610 10,772 11,377 8,194 118.1 20 Nov 10, 2025 J-GAAP
Revision Rate － － － － －

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 80,946 14,379 14,921 11,959 172.4 30 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 85,390 10,228 9,623 6,806 98.0 20 Nov 10, 2025 J-GAAP
YoY +5.5% -28.9% -35.5% -43.1% -43.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 135,006 16,493 20,007 19,954 287.9 20 May 14, 2024 J-GAAP
Mar, 2025 159,227 29,466 29,504 26,245 378.4 50 May 13, 2025 J-GAAP
Mar, 2026 Guidance 158,000 21,000 21,000 15,000 215.9 40 May 13, 2025 J-GAAP
YoY -0.8% -28.7% -28.8% -42.8% -42.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 38,521 6,473 4,791 4,592 66.2 16.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 42,440 8,727 10,401 8,237 118.8 20.6 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 38,506 5,652 4,520 3,722 53.7 14.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 36,487 5,758 5,911 4,562 65.8 15.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 36,123 5,014 5,466 3,632 52.3 13.9 Nov 10, 2025 J-GAAP
YoY -6.2% -22.5% +14.1% -20.9% -21.0%

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