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Revision of earnings forecasts2055NICHIWA SANGYO CO.,LTD.Food

Notice Regarding Differences Between Earnings Forecasts and Actual Results and Recognition of an Extraordinary Loss

For the fiscal year ending March 2026, full-year actual results were 8.8% below the forecast announced on 12 May 2025 for net sales, while operating profit, ordinary profit and net income exceeded the forecast. In addition, an impairment loss of ¥633 million related to a farm operated by a consolidated subsidiary was recognized as an extraordinary loss.

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Mixed performance
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Scale
1056
¥ million (change in operating income)
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Definitive
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Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 12 May 2025
Net Sales50,000→45,579million
-8.8%
Operating profit400→1,456million
+264.1%
Ordinary income400→1,440million
+260.2%
Profit attributable to owners of the parent300→378million
+26.3%
Net income per share16.56→20.92yen and sen
+26.3%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Operating profit and ordinary profit exceeded the forecast because raw material prices declined in the feed business.

Details and amount of extraordinary loss

An impairment loss of ¥633 million related to a farm operated by the consolidated subsidiary 東和畜産株式会社 was recognized as an extraordinary loss in the fourth quarter.

Previous-period resultsNet sales of ¥48,577 million, operating profit of ¥906 million, ordinary profit of ¥1,143 million, net income attributable to owners of the parent of ¥310 million, and earnings per share of ¥17.12 (fiscal year ended March 2025)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥50,000 million → ¥45,579 million(-8.8%)
Operating profit¥400 million → ¥1,456 million(+264.1%)
Ordinary income¥400 million → ¥1,440 million(+260.2%)
Profit attributable to owners of the parent¥300 million → ¥378 million(+26.3%)
Net income per share16.56 yen and sen → 20.92 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast12 May 2025
Previous-period resultsNet sales of ¥48,577 million, operating profit of ¥906 million, ordinary profit of ¥1,143 million, net income attributable to owners of the parent of ¥310 million, and earnings per share of ¥17.12 (fiscal year ended March 2025)
Reason for the revisionOperating profit and ordinary profit exceeded the forecast because raw material prices declined in the feed business.
Details and amount of extraordinary lossAn impairment loss of ¥633 million related to a farm operated by the consolidated subsidiary 東和畜産株式会社 was recognized as an extraordinary loss in the fourth quarter.
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Dividend forecast revision

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.

Operating profit and ordinary profit exceeded the forecast because raw material prices declined in the feed business. In addition, with regard to a farm operated by a consolidated subsidiary, the recoverability of future cash flows was examined in light of declining profitability, and an impairment loss of ¥633 million was recognized.

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Notice Regarding Differences Between Earnings Forecasts and Actual Results and Recognition of an Extraordinary Loss | NICHIWA SANGYO CO.,LTD. (2055) timely disclosure | Komori