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Nippon Sanso (4091) investor relations material
Nippon Sanso Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and core operating income grew in FYE2026, driven by price management, productivity initiatives, and major acquisitions in Spain and Australia, despite soft shipment volumes in some regions.
Profitability improved YoY and QoQ, with Q4 achieving record core operating income and EBITDA margins.
The new Medium-Term Management Plan, "Next Innovation 2030," was announced, targeting sustainability and growth, with a focus on strengthening industrial gases and expanding electronics.
Financial highlights
Q4 revenue rose 7.5% YoY to ¥361.8bn; core operating income up 15.2% to ¥56.8bn; net income up 43.7% to ¥31.9bn.
Full-year revenue increased 3.9% to ¥1,359.6bn; core operating income up 7.4% to ¥203.0bn; net income up 25.4% to ¥127.8bn.
Operating income margin improved to 14.6% for the year; EBITDA margin reached 24.3%.
Basic EPS: ¥286.22; annual dividend per share: ¥62; payout ratio: 21.7%.
Equity attributable to owners rose to ¥1,217.3bn; total assets grew to ¥2,767.7bn.
Outlook and guidance
FYE2027 forecast: revenue ¥1,380.0bn (+1.5%), core operating income ¥208.0bn (+2.4%), net income ¥134.5bn (+5.2%).
Core operating income margin expected to rise to 15.1%; EBITDA margin to 25.1%.
New Medium-Term Plan targets revenue of ¥1,500.0–1,575.0bn and core operating income of ¥250.0–275.0bn by FYE2030.
Dividend for FYE2027 projected at ¥66 per share, up from ¥62.
- Earnings rose on price management and acquisitions, with improved guidance and global expansion.4091
Q3 20264 Feb 2026 - Revenue and profit fell YoY, but margins held and full-year guidance and acquisitions remain on track.4091
Q1 20266 Jan 2026 - Sustainability-focused strategy targets 18% GHG reduction by FYE2026 and carbon neutrality by 2050.4091
Investor Day 20255 Dec 2025 - Earnings rose on price management and acquisitions, with dividend forecasts increased.4091
Q2 202630 Oct 2025 - Q1 profit and revenue rose on overseas strength and FX gains; full-year outlook remains strong.4091
Q1 20251 Oct 2025 - Revenue and profits rose, but a major U.S. hydrogen plant impairment hit net income.4091
Q2 20251 Oct 2025 - Revenue and profit rose, guidance increased, and major acquisitions and impairment noted.4091
Q3 20251 Oct 2025 - Revenue and core operating income rose, with strong cash flow and improved risk controls.4091
Q4 20251 Oct 2025
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