Nichirin (5184) Q1 2027 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥20,798 million, up 13.6% year-over-year, with operating profit at ¥2,834 million, up 10.2% year-over-year, and net income attributable to shareholders at ¥1,703 million, up 7.8% year-over-year.

• Global economic conditions were mixed: US and Asia showed resilience, Europe saw moderate recovery, and China faced sluggish consumption; geopolitical risks and inflation remain key concerns.

• The domestic automotive sector saw production recovery, but exports faced headwinds from US tariffs and Middle East tensions.

Financial highlights

• Gross profit for Q1 FY2026 was ¥5,128 million, up from ¥4,695 million year-over-year.

• Operating margin improved, with operating profit at ¥2,834 million versus ¥2,571 million last year.

• Ordinary profit rose to ¥2,926 million from ¥2,095 million year-over-year.

• Comprehensive income for the quarter was ¥2,699 million, a significant turnaround from a loss of ¥621 million last year.

• EPS for Q1 FY2026 was ¥129.12, up from ¥119.95 year-over-year.

Outlook and guidance

• Full-year FY2026 guidance remains unchanged: revenue forecast at ¥78,000 million (+5.9% YoY), operating profit at ¥9,300 million (+2.6% YoY), net income at ¥5,600 million (+1.6% YoY), and EPS at ¥424.43.

• Management notes ongoing uncertainty due to geopolitical risks, inflation, and supply chain disruptions, but expects limited direct impact for now.