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NICHIHA, Net Income Forecast for the Fiscal Year Revised Downward by 58%

Fri Nov 7, 2025 4:20 pm JST Earnings

7943 NICHIHA CORPORATION 【J-GAAP】

Earnings Report

NICHIHA CORPORATION <7943> [TSE Prime] announced its financial results after the market closed on November 7th (16:20). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 2.46 billion yen, an increase 34.9% compared to the same period last year.

However, the full-year forecast for consolidated net income has decreased 58.3%, from the previous forecast of 7.20 billion yen to 3.00 billion yen (compared to 2.70 billion yen in the previous period), leading to a reduction in the profit growth rate from 2.7 times to 10.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop 39.2% from the same period last year to 0.53 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged 10 times that of the same period last year, reaching 1.77 billion yen. The operating profit margin improved from 4.7% 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 68,408 3,804 5,258 3,335 91.9 44.3 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 73,019 3,435 3,235 1,829 52.5 44.6 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 71,083 3,494 3,701 2,467 73.3 35.9 Nov 7, 2025 J-GAAP
YoY -2.7% +1.7% +14.4% +34.9% +39.7%

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 71,500 3,500 3,700 2,500 74.9 57 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 71,083 3,494 3,701 2,467 73.3 57 Nov 7, 2025 J-GAAP
Revision Rate -0.6% -0.2% +0.0% -1.3% -2.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 147,500 10,000 10,300 7,200 216.8 114 May 13, 2025 J-GAAP
Mar, 2026 New 145,000 10,000 10,300 3,000 90.4 114 Nov 7, 2025 J-GAAP
Revision Rate -1.7% 0.0% 0.0% -58.3% -58.3%

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 75,459 3,516 4,019 877 25.4 57 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 73,917 6,506 6,599 533 16.1 57 Nov 7, 2025 J-GAAP
YoY -2.0% +85.0% +64.2% -39.2% -36.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 142,790 10,205 11,856 8,066 223.6 114 May 9, 2024 J-GAAP
Mar, 2025 148,478 6,951 7,254 2,706 78.5 114 May 13, 2025 J-GAAP
Mar, 2026 Guidance 145,000 10,000 10,300 3,000 90.4 114 Nov 7, 2025 J-GAAP
YoY -2.3% +43.9% +42.0% +10.9% +15.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 37,094 1,731 900 173 5.0 4.7 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 39,136 2,150 2,988 1,938 56.0 5.5 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 36,323 1,366 1,031 -1,061 -30.8 3.8 May 13, 2025 J-GAAP
Apr - Jun, 2025 34,869 1,164 951 695 20.5 3.3 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 36,214 2,330 2,750 1,772 52.6 6.4 Nov 7, 2025 J-GAAP
YoY -2.4% +34.6% +205.6% +924.3% +961.1%

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