Nippon Soda (4041) Q3 2026 earnings summary

Executive summary

• Net sales for 3Q FY2026 were ¥106.27B, down 1.0% year-over-year; operating profit rose 2.8% to ¥11.51B and ordinary profit increased 21.7% to ¥17.72B.

• Profit attributable to owners was ¥12.44B, a slight decrease of 0.8% year-over-year.

• Comprehensive income surged to ¥22.80B, up 225.0% year-over-year.

• Agri Business saw improved sales as inventory levels normalized; Engineering segment experienced a decline due to reduced plant construction work.

Financial highlights

• Earnings per share for 3Q FY2026 was ¥228.2, up 0.2% year-over-year, adjusted for a 2-for-1 share split.

• Share of profit from equity-method affiliates more than doubled, rising 132.6% to ¥4.41B.

• Gross profit increased to ¥31.83B from ¥30.31B year-over-year.

• Total assets as of December 31, 2025, were ¥306.13B, up from ¥288.10B at March 31, 2025.

• Equity-to-asset ratio stood at 64.3% as of December 31, 2025.

Outlook and guidance

• Full-year net sales forecast revised to ¥151.0B; operating profit to ¥14.6B; ordinary profit to ¥22.0B; profit attributable to owners to ¥17.0B; EPS to ¥312.91.

• Net sales forecast represents a 2.0% increase from prior guidance but a 2.7% decrease year-over-year.

• Yen expected to remain weak; equity-method profit forecast to increase.