Nichiha (7943) Q3 2026 earnings summary

Executive summary

• Revenue for the third quarter was ¥38,211 million, down 2.4% year-over-year; cumulative revenue for the nine months was ¥109,295 million, down 2.5% year-over-year.

• Operating income for Q3 rose 29.3% year-over-year to ¥2,779 million; cumulative operating income for the nine months was ¥6,274 million, up 12.3% year-over-year.

• Net income attributable to shareholders for Q3 was ¥2,079 million, up 7.3% year-over-year; cumulative net income for the nine months was ¥4,547 million, up 20.7% year-over-year.

• Ordinary income for Q3 was ¥3,038 million, up 1.7% year-over-year; cumulative ordinary income for the nine months was ¥6,740 million, up 8.3%.

• Basic earnings per share increased to ¥135.59 from ¥108.82 year-over-year.

Financial highlights

• Gross profit margin for Q3 was 35.2%, up 0.9 points year-over-year; cumulative gross margin for the nine months was 35.1%, up 0.8 points.

• Gross profit for the period was ¥38,405 million, nearly flat year-over-year.

• Operating margin for Q3 improved to 7.3% from 5.5% a year ago; cumulative operating margin for the nine months was 5.7%, up 0.8 points.

• Total assets as of December 31, 2025, were ¥170,706 million, with net assets at ¥120,515 million.

• Equity-to-asset ratio improved to 70.8% from 70.2% at the previous fiscal year-end.

Outlook and guidance

• Full-year revenue/net sales forecast is ¥145,000 million; one source notes up 2.3%, another down 2.3% year-over-year.

• Full-year operating income/profit forecast is ¥10,000 million, up 43.8% year-over-year.

• Full-year ordinary profit forecast is ¥10,300 million, up 42.0% year-over-year.

• Full-year net income forecast is ¥3,000 million, up 10.8% year-over-year.

• Annual dividend per share is forecast at ¥114.00, unchanged from the previous year.