Nichirin (5184) Q4 2025 earnings summary

Executive summary

• Revenue increased 1.0% year-over-year to ¥71,356 million, while operating income declined 4.5% to ¥9,184 million and net income attributable to shareholders rose 4.3% to ¥6,171 million.

• Despite global economic uncertainties, steady demand in North America and price adjustments in Japan supported results, though China and Europe faced headwinds.

Financial highlights

• Revenue: ¥71,356 million (up 1.0% year-over-year).

• Operating income: ¥9,184 million (down 4.5% year-over-year).

• Ordinary income: ¥10,382 million (down 1.6% year-over-year).

• Net income attributable to shareholders: ¥6,171 million (up 4.3% year-over-year).

• Comprehensive income: ¥10,318 million (up 5.6% year-over-year).

Outlook and guidance

• FY2025 revenue forecast: ¥72,800 million (up 2.0% year-over-year).

• Operating income forecast: ¥9,400 million (up 2.4% year-over-year).

• Ordinary income forecast: ¥9,600 million (down 7.5% year-over-year).

• Net income forecast: ¥5,800 million (down 6.0% year-over-year).

• Assumes USD/JPY rate of 150.