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Nagase Brothers, First Half Ordinary Profit Increases by 3.3 times, Current Fiscal Year Dividend Revised Upward by 50 Yen

Mon Oct 27, 2025 3:30 pm JST Earnings

9733 Nagase Brothers Inc. 【J-GAAP】

Earnings Report

Nagase Brothers Inc. <9733> [TSE Std] announced its financial results after the market closed on October 27th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 3.3 times that of the same period last year, reaching 2.24 billion yen. Progress toward the full-year plan of 6.37 billion yen was 35.2%, exceeding the five-year average of 30.5%.

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 28.8% from the same period last year, reaching 4.13 billion yen.

At the same time, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 100 yen to 150 yen (compared to 100 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 2.15 billion yen. The operating profit margin rose from 13.0% in the same period last year to 13.4%.

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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 25,397 1,430 1,330 696 26.4 30.8 Oct 25, 2023 J-GAAP
Apr - Sep, 2024 24,977 1,505 670 114 4.4 17.3 Oct 24, 2024 J-GAAP
Apr - Sep, 2025 30,455 2,280 2,241 1,544 58.7 35.2 Oct 27, 2025 J-GAAP
YoY +21.9% +51.5% +234.5% +1,254.4% +1,248.5%

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 ー ー ー ー － 0 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 30,455 2,280 2,241 1,544 58.7 0 Oct 27, 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 64,764 6,526 6,373 3,815 144.9 100 Apr 30, 2025 J-GAAP
Mar, 2026 New 64,764 6,526 6,373 3,815 144.9 150 Oct 27, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 30,278 3,359 3,209 1,842 70.0 100 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 34,309 4,246 4,132 2,271 86.3 150 Oct 27, 2025 J-GAAP
YoY +13.3% +26.4% +28.8% +23.3% +23.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 52,986 4,538 4,323 2,602 98.8 100 Apr 30, 2024 J-GAAP
Mar, 2025 55,255 4,864 3,879 1,956 74.3 100 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 64,764 6,526 6,373 3,815 144.9 150 Oct 27, 2025 J-GAAP
YoY +17.2% +34.2% +64.3% +95.0% +95.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 13,832 1,796 984 367 14.0 13.0 Oct 24, 2024 J-GAAP
Oct - Dec, 2024 14,510 2,314 2,348 1,544 58.7 15.9 Jan 29, 2025 J-GAAP
Jan - Mar, 2025 15,768 1,045 861 298 11.3 6.6 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 13,718 29 87 140 5.3 0.2 Jul 24, 2025 J-GAAP
Jul - Sep, 2025 16,737 2,251 2,154 1,404 53.3 13.4 Oct 27, 2025 J-GAAP
YoY +21.0% +25.3% +118.9% +282.6% +281.0%

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