NOF (4403) Q1 2026 earnings summary

Executive summary

• Net sales for the first quarter rose 1.7% year-over-year to ¥56,063 million, but operating profit fell 12.5% and profit attributable to owners of parent dropped 22.1% year-over-year.

• The business environment was impacted by global economic uncertainty, high raw material and fuel prices, and policy risks, though Japan showed some economic recovery.

• The company continued to pursue its mid-term management plan, focusing on market expansion, new product development, productivity, safety, and CSR.

Financial highlights

• Operating profit for the quarter was ¥11,847 million, down from ¥13,533 million year-over-year.

• Ordinary profit decreased 19.0% year-over-year to ¥12,274 million.

• Profit attributable to owners of parent was ¥8,610 million, a 22.1% decrease year-over-year.

• Basic earnings per share for the quarter was ¥37.00, down from ¥46.30 year-over-year.

• Comprehensive income for the quarter was ¥11,368 million, down 7.9% year-over-year.

Outlook and guidance

• Full-year consolidated earnings forecast remains unchanged: net sales ¥252,000 million (+5.7%), operating profit ¥46,000 million (+1.5%), profit attributable to owners of parent ¥36,800 million (+0.8%).

• Annual dividend forecast is ¥48.00 per share, up from ¥45.00 in the previous year.