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Results1332Nissui CorporationFood

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period, net sales and operating profit exceeded the same period of the previous year, while ordinary profit and interim net income attributable to owners of the parent were lower. The full-year forecasts for performance and annual dividends remain unchanged, with the annual dividend maintained at ¥32.

Worth reading
41Recurring
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
53782
¥ million
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales506,725¥ millionYear on year +11.9%Progress 50.7%
Operating profit21,170¥ millionYear on year +7.0%Progress 49.8%
Ordinary income20,444¥ millionYear on year -3.6%Progress 47.5%
Net income attributable to owners of the parent13,561¥ millionYear on year -5.1%Progress 46.8%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥44.71
Financial position at period-end
Total assets787,542¥ million
of which net assets 324,207 ¥ millionEquity ratio 39.8%vs. prior year-end -0.2pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating-1,599
Investment-23,989
Financials+19,148
Net change-6,440

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥17,933 million
Segment revenueMarine Products Business ¥214,027 million (YoY +19.7%), Food Business ¥269,114 million (YoY +6.9%), Fine Chemicals and Materials Business ¥8,139 million (YoY +14.5%), Logistics Business ¥8,783 million (YoY +5.1%), Other ¥6,660 million (YoY -3.2%)
Segment profitMarine Products Business ¥8,559 million (YoY +40.8%), Food Business ¥15,324 million (YoY -8.9%), Fine Chemicals and Materials Business ¥1,017 million (YoY +482.5%), Logistics Business ¥1,195 million (YoY -3.5%), Other ¥420 million (YoY +21.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,000,000 million (YoY +7.4%)
Operating profit¥42,500 million (YoY +5.1%)
Ordinary income¥43,000 million (YoY -0.4%)
Net income¥29,000 million (YoY +5.4%)
Revision to Earnings ForecastNo change
Annual Dividend Forecast32 Yen → 32 Yen(0.0%)
Factors Behind Changes in Business Performance

While the Food segment was affected by higher raw material prices and other factors, the Seafood and Fine segments performed solidly and offset the impact. In the Seafood segment, strong catches, higher sales volumes and higher selling prices contributed to revenue growth. In the Food segment, the effects of price revisions contributed to higher revenue, but lower sales volumes, foreign exchange effects, higher raw material prices, and higher depreciation expenses associated with a new plant and plant expansion reduced profit.

Disclosure regarding the going concern assumption

There are no applicable matters.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment loss¥18 million (assets subject to impairment: not disclosed)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥90 million, Gain on sale of investment securities ¥2,500 million / Extraordinary loss Loss on disposal of property, plant and equipment ¥327 million, Impairment loss ¥18 million, Loss on sale of shares in affiliated companies ¥207 million, Losses from disasters ¥404 million, Special retirement payments ¥382 million, Quality-related loss ¥473 million
Depreciation and amortization¥15,421 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For institutional investors and analysts
Issued Shares at Period-End305,265,402
Treasury Shares at Period-End1,884,209
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥506,725 million (YoY +11.9%)
Operating profit¥21,170 million (YoY +7.0%)
Ordinary income¥20,444 million (YoY -3.6%)
Profit attributable to owners of the parent¥13,561 million (YoY -5.1%)
Net income per share¥44.71
Equity ratioEnd of the current fiscal period 39.8 / End of previous period 40
Total assets¥787,542 million
Net assets¥324,207 million
Cash flows from operating activities¥-1,599 million
Cash flows from investing activities¥-23,989 million
Cash flows from financing activities¥19,148 million
Cash and cash equivalents at end of period¥17,933 million
Full-year earnings forecastNet Sales ¥1,000,000 million (YoY +7.4%) / Operating profit ¥42,500 million (YoY +5.1%) / Ordinary income ¥43,000 million (YoY -0.4%) / Net income ¥29,000 million (YoY +5.4%)
Revision to Earnings ForecastNo change
Annual Dividend Forecast32 Yen → 32 Yen(0.0%)
Segment revenueMarine Products Business ¥214,027 million (YoY +19.7%), Food Business ¥269,114 million (YoY +6.9%), Fine Chemicals and Materials Business ¥8,139 million (YoY +14.5%), Logistics Business ¥8,783 million (YoY +5.1%), Other ¥6,660 million (YoY -3.2%)
Segment profitMarine Products Business ¥8,559 million (YoY +40.8%), Food Business ¥15,324 million (YoY -8.9%), Fine Chemicals and Materials Business ¥1,017 million (YoY +482.5%), Logistics Business ¥1,195 million (YoY -3.5%), Other ¥420 million (YoY +21.5%)
Depreciation and amortization¥15,421 million
Impairment loss¥18 million (assets subject to impairment: not disclosed)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥90 million, Gain on sale of investment securities ¥2,500 million / Extraordinary loss Loss on disposal of property, plant and equipment ¥327 million, Impairment loss ¥18 million, Loss on sale of shares in affiliated companies ¥207 million, Losses from disasters ¥404 million, Special retirement payments ¥382 million, Quality-related loss ¥473 million
Disclosure regarding the going concern assumptionThere are no applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For institutional investors and analysts
Issued Shares at Period-End305,265,402
Treasury Shares at Period-End1,884,209
Factors Behind Changes in Business PerformanceWhile the Food segment was affected by higher raw material prices and other factors, the Seafood and Fine segments performed solidly and offset the impact. In the Seafood segment, strong catches, higher sales volumes and higher selling prices contributed to revenue growth. In the Food segment, the effects of price revisions contributed to higher revenue, but lower sales volumes, foreign exchange effects, higher raw material prices, and higher depreciation expenses associated with a new plant and plant expansion reduced profit.
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Although the Food segment was affected by higher raw material prices and other factors, solid performance in the Seafood and Fine segments offset the impact. Ordinary profit declined due to higher interest expenses and other factors. In the Food segment, lower sales volumes, foreign exchange effects, higher raw material prices and other factors reduced profit.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | Nissui Corporation (1332) timely disclosure | Komori