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NAC CO, First Half Ordinary Profit Decreases by 43%, Jul-Sep Ordinary Profit Decreases by 47%

Fri Nov 7, 2025 3:30 pm JST Earnings

9788 NAC CO .,LTD. 【J-GAAP】

Earnings Report

NAC CO .,LTD. <9788> [TSE Prime] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 43.2% from the same period last year to 0.42 billion yen. Progress toward the full-year plan of 2.90 billion yen was 14.8%, also falling below the five-year average of 26.8%.

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 grow 9.1% from the same period last year, reaching 2.47 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 0.45 billion yen, a 46.6% decrease compared to the same period last year. The operating profit margin worsened from 5.7% 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 25,828 609 689 280 6.5 28.8 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 27,836 763 755 107 2.5 25.0 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 27,383 419 429 281 6.7 14.8 Nov 7, 2025 J-GAAP
YoY -1.6% -45.1% -43.2% +162.6% +168.1%

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 27,000 400 400 280 6.7 5 Nov 6, 2025 J-GAAP
Apr - Sep, 2025 Results 27,383 419 429 281 6.7 5 Nov 7, 2025 J-GAAP
Revision Rate +1.4% +4.8% +7.2% +0.4% +0.6%

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 31,955 2,244 2,264 1,258 29.3 17 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 34,617 2,481 2,471 1,619 38.7 17 Nov 7, 2025 J-GAAP
YoY +8.3% +10.6% +9.1% +28.7% +31.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 54,433 2,298 2,390 1,436 33.2 21 May 15, 2024 J-GAAP
Mar, 2025 59,791 3,007 3,019 1,365 31.8 22 May 15, 2025 J-GAAP
Mar, 2026 Guidance 62,000 2,900 2,900 1,900 45.4 22 May 15, 2025 J-GAAP
YoY +3.7% -3.6% -3.9% +39.2% +42.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 15,202 861 852 312 7.3 5.7 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 16,554 1,505 1,519 961 22.3 9.1 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 15,401 739 745 297 6.9 4.8 May 15, 2025 J-GAAP
Apr - Jun, 2025 13,075 -42 -26 -25 -0.6 -0.3 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 14,308 461 455 306 7.3 3.2 Nov 7, 2025 J-GAAP
YoY -5.9% -46.5% -46.6% -1.9% +0.1%

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