Nisshinbo (3105) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were ¥147,692 million, down 2.3% year-on-year, mainly due to a decline in Real Estate sales despite growth in Wireless & Communications and Micro Devices.

• Operating profit decreased 4.6% year-on-year to ¥20,316 million, with Real Estate profits falling sharply but partially offset by gains in Wireless & Communications.

• Profit attributable to owners of parent dropped 15.1% year-on-year to ¥12,991 million.

• Comprehensive income surged to ¥19,795 million, up 276.1% year-on-year, driven by improved other comprehensive income.

Financial highlights

• Gross profit for Q1 2026 was ¥42,144 million, down from ¥44,573 million year-on-year.

• Ordinary profit was ¥20,672 million, a 3.6% decrease year-on-year.

• Basic earnings per share for Q1 2026 was ¥83.17, down from ¥97.65 in Q1 2025.

• Total assets increased to ¥692,271 million as of March 31, 2026, up from ¥667,817 million at the end of 2025.

• Equity-to-asset ratio improved to 43.8% from 43.0% at year-end 2025.

Outlook and guidance

• Full-year 2026 forecast: net sales ¥511,000 million (+1.7% year-on-year), operating profit ¥21,000 million (–20.5%), ordinary profit ¥21,500 million (–26.7%), profit attributable to owners of parent ¥10,000 million (–28.2%), EPS ¥64.02.

• No changes to the previously announced earnings forecast.

• Annual dividend forecast maintained at ¥36.00 per share.