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Earnings1429Nippon Aqua Co.,Ltd.Construction and Materials

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 (Japanese GAAP, Non-consolidated)

In the first half of 2026, net sales, operating profit, ordinary profit and net income all exceeded the same period of the previous year. Operating profit increased due to higher net sales and an improved gross profit margin, while the building structures and waterproofing segments reported lower sales.

Worth reading
40Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
989
¥ million
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 January 2026–30 June 2026Non-consolidated (standalone)Japanese GAAP
Net Sales16,972¥ millionYear on year +6.2%Progress 45.9%
Operating profit1,179¥ millionYear on year +8.0%Progress 40.7%
Ordinary income1,150¥ millionYear on year +4.4%Progress 39.5%
Net income attributable to owners of the parent755¥ millionYear on year +1.1%Progress 38.3%

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¥23.48
Operating Margin7.0%
Financial position at period-end
Total assets25,557¥ million
of which net assets 11,278 ¥ millionEquity ratio 44.1%vs. prior year-end -1.0pt

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+1,431,413
Investment-176,264
Financials-911,568
Net change+343,581

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥2,758,740 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥37,000 million (YoY +9.9%)
Operating profit¥2,900 million (YoY +4.5%)
Ordinary income¥2,910 million (YoY +4.1%)
Net income¥1,972 million (YoY +4.1%)
Revision to Earnings ForecastNo revision → No revision(No revision)
Annual Dividend Forecast¥35 → ¥35(0.0%)
Shareholder Return PolicyIntroduced a progressive dividend policy
Factors Behind Changes in Business Performance

The detached houses segment benefited from growth in orders, an increase in the number of homes constructed, and higher construction unit prices resulting from the broader adoption of insulation grade 6 or higher and increased use of airtightness measurement services. Operating profit benefited from higher net sales and an improved gross profit margin. The building structures segment reported lower sales due to the impact of the timing of construction starts for large projects, while the waterproofing segment reported lower sales due to delays in preceding processes and supply constraints for related materials.

Disclosure regarding the going concern assumption

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
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥187 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥643 thousand
Depreciation and amortization¥106,059 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End34,760,000
Treasury Shares at Period-End2,600,471
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 January 2026–30 June 2026
Net Sales¥16,972 million (YoY +6.2%)
Operating profit¥1,179 million (YoY +8.0%)
Ordinary income¥1,150 million (YoY +4.4%)
Profit attributable to owners of the parent¥755 million (YoY +1.1%)
Net income per share¥23.48
Operating Margin7.0%
Equity ratioEnd of the current fiscal period 44.1% / End of previous period 45.1%
Total assets¥25,557 million
Net assets¥11,278 million
Cash flows from operating activities¥1,431,413 thousand
Cash flows from investing activities¥-176,264 thousand
Cash flows from financing activities¥-911,568 thousand
Cash and cash equivalents at end of period¥2,758,740 thousand
Full-year earnings forecastNet Sales ¥37,000 million (YoY +9.9%) / Operating profit ¥2,900 million (YoY +4.5%) / Ordinary income ¥2,910 million (YoY +4.1%) / Net income ¥1,972 million (YoY +4.1%)
Revision to Earnings ForecastNo revision → No revision(No revision)
Annual Dividend Forecast¥35 → ¥35(0.0%)
Shareholder Return PolicyIntroduced a progressive dividend policy
Depreciation and amortization¥106,059 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥187 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥643 thousand
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End34,760,000
Treasury Shares at Period-End2,600,471
Factors Behind Changes in Business PerformanceThe detached houses segment benefited from growth in orders, an increase in the number of homes constructed, and higher construction unit prices resulting from the broader adoption of insulation grade 6 or higher and increased use of airtightness measurement services. Operating profit benefited from higher net sales and an improved gross profit margin. The building structures segment reported lower sales due to the impact of the timing of construction starts for large projects, while the waterproofing segment reported lower sales due to delays in preceding processes and supply constraints for related materials.
Items this document does not state (7)
Payout ratioSegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidation

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.

Higher sales were driven by growth in orders for detached houses, an increase in the number of homes constructed, and higher construction unit prices resulting from the broader adoption of insulation grade 6 or higher and increased use of airtightness measurement services. Operating profit benefited from higher net sales and an improved gross profit margin, despite an increase in selling, general and administrative expenses.

How to read this page

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 (Japanese GAAP, Non-consolidated) | Nippon Aqua Co.,Ltd. (1429) timely disclosure | Komori