Nippon Seisen (5659) Q4 2026 earnings summary

Executive summary

• Net sales for the fiscal year ended March 31, 2026 were ¥46,601 million, a slight decrease of 0.3% year-over-year, mainly due to sluggish demand for Stainless Steel Super Fine Wires and an extraordinary loss from dissolving a Chinese subsidiary.

• Operating profit dropped 32.8% to ¥3,077 million, and profit attributable to owners of parent fell 33.9% to ¥2,147 million compared to the previous year.

• Metal Fiber segment remained steady, with strong demand for semiconductor gas filters and NASLON® filters.

• Comprehensive income decreased 26.1% year-over-year to ¥2,903 million.

Financial highlights

• Net sales: ¥46,601 million, down ¥148 million year-over-year.

• Operating profit: ¥3,077 million, down ¥1,499 million year-over-year.

• Ordinary profit: ¥3,241 million, down 29.3% year-over-year.

• Gross profit declined from ¥8,218 million to ¥6,785 million year-over-year.

• Cash flows from operating activities were ¥3,617 million, down from ¥4,719 million the previous year.

Outlook and guidance

• FY2027 net sales forecast: ¥49,700 million; ordinary profit forecast: ¥3,900 million.

• Operating profit is projected to increase 26.7% to ¥3,900 million, and profit attributable to owners of parent is expected to grow 30.4% to ¥2,800 million.

• Dividend per share forecast: ¥18 interim, ¥46 year-end, with a payout ratio around 50%.

• Basic earnings per share forecast is ¥91.17 for the next fiscal year.

• Sales of Semiconductor Gas Filters expected to grow, while Super Fine Wires for solar panels remain weak.