Nichirin (5184) Q4 2026 earnings summary

Executive summary

• Revenue increased 3.2% year-over-year to ¥73,668 million, with operating profit down 1.3% to ¥9,060 million and net income attributable to shareholders down 10.6% to ¥5,514 million.

• Global economic conditions remained uncertain, with U.S. and European markets showing resilience, while China faced continued slowdown and trade risks.

• Automotive sector saw domestic recovery but export declines due to tariffs; flexible production and cost management were emphasized.

Financial highlights

• Gross margin remained strong, with operating margin at 12.3% and net margin at 9.4% for FY2025.

• Comprehensive income fell 29.1% year-over-year to ¥7,314 million.

• Cash flow from operations was ¥8,417 million, with investment outflows of ¥3,745 million and financing outflows of ¥3,815 million.

• Year-end cash and equivalents stood at ¥18,858 million.

Outlook and guidance

• FY2026 guidance projects revenue of ¥78,000 million (+5.9% YoY), operating profit of ¥9,300 million (+2.6%), and net income of ¥5,600 million (+1.6%).

• Management expects continued uncertainty due to geopolitical risks and trade policy, but anticipates growth from price negotiations, Indian market expansion, and supply chain optimization.