Nippn (2001) Q3 2026 earnings summary

Executive summary

• Net sales for the first nine months of FY2026 rose 1.6% year-over-year to ¥317,446 million, driven by inbound tourism and price revisions amid rising costs.

• Operating income increased 4.0% year-over-year to ¥17,768 million, and ordinary income rose 3.9% to ¥20,631 million, despite higher raw material, personnel, and logistics costs.

• Profit attributable to owners of parent declined 20.1% year-over-year to ¥15,577 million, mainly due to extraordinary gains from land sales in the prior year.

• Comprehensive income increased 2.3% year-over-year to ¥25,005 million.

• Construction of the Chita Mill is nearing completion, aiming to enhance efficiency and supply stability; expansion in frozen foods and U.S. flour milling is progressing.

Financial highlights

• Gross profit for the first nine months of FY2026 was ¥79,736 million, up from ¥75,683 million year-over-year.

• EPS for the period was ¥187.50, down from ¥249.79 in the prior year.

• Total assets increased to ¥448,097 million as of December 31, 2025, from ¥399,226 million at the previous fiscal year-end.

• Net assets rose to ¥281,168 million, with an equity ratio of 61.0%.

Outlook and guidance

• Full-year FY2026 guidance remains unchanged: net sales of ¥424,000 million (+3.2% year-over-year), operating income of ¥21,500 million (+0.1%), ordinary income of ¥24,500 million (+0.4%), and profit attributable to owners of parent of ¥20,200 million (-18.4%).

• Annual dividend forecast is ¥66 per share.