Nippon Seisen (5659) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, were ¥34,655 million, down 2.3% year-over-year, with sluggish demand for Stainless Steel Super Fine Wire for photovoltaic panels offsetting strong performance in Semiconductor Gas Filters.

• Operating profit decreased 38.8% year-over-year to ¥2,140 million, and profit attributable to owners of parent fell 37.1% to ¥1,553 million.

• Comprehensive income declined 30.5% year-over-year to ¥2,184 million.

Financial highlights

• Net sales: ¥34,655 million, down ¥825 million year-over-year.

• Operating profit: ¥2,140 million, down ¥1,355 million year-over-year.

• Profit attributable to owners of parent: ¥1,553 million, down ¥914 million year-over-year.

• Ordinary profit: ¥2,232 million, down ¥1,354 million year-over-year.

• Gross profit for the period was ¥4,859 million, down from ¥6,212 million in the prior year.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026: net sales ¥43,500 million (down 7.0% year-over-year), operating profit ¥3,200 million (down 30.1%), profit attributable to owners of parent ¥2,300 million (down 29.2%).

• Full-year business forecast remains unchanged, with net sales projected at ¥55,000 million and ordinary profit at ¥4,585 million.

• Dividend payout ratio is guided at around 50% for FY2026, with a forecasted year-end dividend of ¥42 per share for FY2025.

• Annual dividend forecast is ¥42.00 per share.