Nagase (8012) Q2 2026 earnings summary

Executive summary

• Profit in the trading business declined due to weak automobile-related business, despite strong Electronics & Energy and Life & Healthcare segments.

• Prinova Group saw strong trading results from higher sales volume, with manufacturing recovering and Nutrition business improving efficiency.

• Nagase Chemtex and Nagase Viita posted solid sales in semiconductors and food ingredients, respectively.

• Net sales for the six months ended September 30, 2025, were ¥479,734 million, down 0.3% year-over-year.

• Profit attributable to owners of the parent decreased 5.6% year-over-year to ¥15,089 million.

Financial highlights

• FY2025 2Q sales: ¥4,797 hundred million (down ¥12 hundred million YoY); gross profit: ¥909 hundred million (up ¥29 hundred million YoY).

• Operating income flat YoY at ¥210 hundred million; profit attributable to owners of parent down to ¥150 hundred million (down ¥8 hundred million YoY).

• Gross profit margin rose to 19.0% from 18.3% YoY.

• Manufacturing business profits rose by ¥3.3 billion, mainly from Prinova Group and Nagase Chemtex.

• Gross profit increased 3.3% year-over-year to ¥90,913 million.

Outlook and guidance

• Full-year forecast revised upward for net sales, gross profit, and ordinary profit, expecting record highs at each profit measurement.

• FY2025 sales forecast: ¥9,640 hundred million (+2.0% YoY); gross profit: ¥1,830 hundred million (+5.5% YoY); operating income: ¥407 hundred million (+4.1% YoY).

• Profit attributable to owners of parent forecast unchanged at ¥315 hundred million.

• Full-year net sales forecast is ¥964,000 million, up 2.0% year-over-year.

• Profit attributable to owners of the parent is forecast at ¥31,500 million, up 23.4% year-over-year.