Nisshinbo (3105) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2026, rose 7.0% year-over-year to ¥272,462 million, driven by strong performance in Wireless and Communications, Specialized Equipment, and Marine Systems, despite declines in Real Estate.

• Operating profit surged 64.4% year-over-year to ¥30,274 million, with ordinary profit up 71.0% to ¥32,520 million and profit attributable to owners of parent up 87.8% to ¥21,590 million.

• Comprehensive income reached ¥35,310 million, a significant increase from ¥271 million in the prior year period.

Financial highlights

• Gross profit increased to ¥74,416 million from ¥64,703 million year-over-year.

• Basic earnings per share rose to ¥138.22 from ¥73.53 year-over-year.

• Total assets decreased to ¥645,857 million as of June 30, 2026, from ¥667,817 million at year-end 2025.

• Equity-to-asset ratio improved to 49.3% from 43.0% at year-end 2025.

• Net cash provided by operating activities was ¥57,909 million, while cash and cash equivalents at period-end were ¥43,934 million.

Outlook and guidance

• Full-year 2026 forecast remains unchanged: net sales of ¥511,000 million (+1.7% YoY), operating profit of ¥21,000 million (-20.5% YoY), ordinary profit of ¥21,500 million (-26.7% YoY), and profit attributable to owners of parent of ¥10,000 million (-28.2% YoY).

• Annual dividend forecast is ¥36.00 per share, unchanged from the previous year.