Nishikawa Rubber (5161) Q3 2026 earnings summary

Executive summary

• Revenue and profit exceeded the same quarter last year, led by strong North American performance and yen depreciation, with revenue at ¥88.18 billion (up 2.0%), operating income at ¥6.52 billion (up 21.3%), and net income at ¥6.11 billion (up 113.9%).

• Special loss of ¥1,205 million recorded for U.S. antitrust settlement and special gain of ¥1,139 million from a tax refund following litigation.

• Full-year guidance was revised upward due to resilient auto production, favorable yen depreciation, and expected special gains from policy share sales.

• Governance enhancements included board restructuring, ongoing effectiveness evaluations, and implementation of a new executive structure.

Financial highlights

• Consolidated revenue: ¥88.18 billion, up 2.0% year-over-year; operating income: ¥6.52 billion, up 21.3% (margin 7.4%); ordinary income: ¥8.59 billion, up 51.2%; net income attributable to parent: ¥6.11 billion, up 113.9%.

• Gross profit increased to ¥16.92 billion from ¥15.45 billion year-over-year.

• Net income per share was ¥162.21, more than double the previous year’s ¥73.95.

• Comprehensive income for the period was ¥10.53 billion, up 261.3% year-over-year.

• Special loss recorded for U.S. antitrust settlement; special gain expected from policy share sales and tax refund.

Outlook and guidance

• Full-year revenue forecast raised to ¥121 billion (+8.0% vs. previous forecast), operating income to ¥8.5 billion (+26.9%), and net income to ¥10 billion (+66.7%).

• Year-end dividend forecast increased by ¥1 to ¥91 per share, with total annual dividend expected at ¥182 per share.

• The company is executing its 2030 global mid-term plan, focusing on capital efficiency and sustainable value creation.