NSW (9739) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, increased by 4.2% year-over-year to ¥37,714 million, but operating profit declined by 18.2% to ¥3,562 million.

• Ordinary profit fell 14.4% year-over-year to ¥3,784 million, and profit attributable to owners of parent dropped 20.1% to ¥2,434 million.

• Comprehensive income for the period was ¥2,411 million, down from ¥3,063 million in the prior year.

Financial highlights

• Gross profit for the nine months was ¥7,647 million, up slightly from ¥7,585 million year-over-year.

• Selling, general and administrative expenses rose significantly to ¥4,084 million from ¥3,227 million.

• Basic earnings per share decreased to ¥163.42 from ¥204.43 year-over-year.

• Total assets as of December 31, 2025, were ¥46,711 million, with net assets at ¥36,559 million.

Outlook and guidance

• Full-year net sales forecast is ¥51,000 million, up 1.9% year-over-year.

• Operating profit is projected to decline 16.6% to ¥5,100 million, and profit attributable to owners of parent is expected to decrease 3.3% to ¥3,540 million.

• Annual dividend forecast is ¥85.00 per share.