Nichirin Co., Ltd.
Overview for the Second Quarter (Interim) of the Fiscal Year Ending December 2026
First half shows substantial revenue growth and operating income growth. Full-year guidance unchanged. Net sales of ¥42.2 billion (YoY +18.3%), operating income ¥5.2 billion (+5.9%), ordinary income ¥5.51 billion (+27.4%), net income attributable to owners of parent ¥2.89 billion (YoY -4.1%). Incurred operating loss of ¥250 million due to added tariffs in North America. Annual dividend forecast of ¥190 per share, with interim ¥95 and year-end ¥95. Up to ¥1.5 billion for share buybacks, with cancellation of treasury stock for the bought back shares. Cash allocation total of ¥35 billion in the mid-term plan, comprising strategic investments of ¥20.5 billion, shareholder returns of ¥13 billion, and others of ¥1.5 billion.
Key Figures
- Sales: ¥42.2 billion (YoY +18.3%)
- Operating income: ¥5.2 billion (YoY +5.9%)
- Ordinary income: ¥5.51 billion (YoY +27.4%)
AI要約
Overview of Results
For the first half of the fiscal year ending December 2026, net sales reached ¥42.2 billion (+18.3% YoY), operating income ¥5.2 billion (+5.9%), and ordinary income ¥5.51 billion (+27.4%), achieving a substantial increase in profit. On the other hand, due to tariff increases in North America, an operating loss of ¥250 million was recognized. By segment, Japan, China, Asia, and Europe posted gains, while North America faced negative factors. The full-year forecast remains unchanged, with the foreign exchange assumption for the second half revised to USD 1 = JPY 160.
Capital Policy / Shareholder Returns
Dividends are planned at ¥190 for the year (¥95 interim, ¥95 year-end). To improve capital efficiency, a policy to acquire treasury stock up to ¥1.5 billion and cancel the acquired shares has been indicated. The mid-term plan sets a total cash allocation of ¥35 billion, with ¥20.5 billion for strategic investments, ¥13 billion for shareholder returns, and ¥1.5 billion for other uses.
Profit Margin Analysis
Full-Year Guidance vs Actual
Nichirin Co., Ltd.
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