Nichirin (5184) Q3 2027 earnings summary

Executive summary

• 9M FY2026 revenue rose 15.8% YoY to ¥63,114m and operating profit rose 8.4% to ¥7,528m; parent-attributable net income fell 9.6% to ¥3,723m.

• Performance varied by region: Japan, China and Asia grew operating profit, while North America swung to a loss and Europe’s profit declined.

Financial highlights

• 9M revenue was ¥63,114m (+15.8% YoY), operating profit ¥7,528m (+8.4%), ordinary profit ¥7,561m (+15.4%) and parent-attributable net income ¥3,723m (-9.6%).

• EPS was ¥283.06 versus ¥312.51 a year earlier; comprehensive income increased 54.9% to ¥4,822m.

• Operating profit growth accompanied a ¥1,170m increase in gross profit; SG&A rose ¥585m to ¥7,176m.

• Net income included ¥158m in losses from production order cancellations; special gains included ¥402m from securities sales.

Outlook and guidance

• FY2026 guidance remains unchanged: revenue ¥78,000m (+5.9%), operating profit ¥9,300m (+2.6%), ordinary profit ¥9,500m (+2.9%) and parent-attributable net income ¥5,600m (+1.6%).

• Full-year EPS is forecast at ¥424.43; annual dividend forecast is ¥190 per share, including ¥95 interim and ¥95 year-end.

• Forecasts face uncertainty from tariffs, energy and logistics costs, foreign-exchange movements, slower China demand and delayed recovery in North American heavy trucks.