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

For the interim period of the fiscal year ending March 2027, net sales increased 5.3% year on year and operating income increased 40.5%, mainly due to higher compound feed prices. The full-year earnings forecast and annual dividend forecast remain unchanged from the previously announced figures.

Worth reading
35Immaterial
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
40.5
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales23,429¥ millionYear on year +5.3%Progress 46.9%
Operating profit757¥ millionYear on year +40.5%Progress 151.4%
Ordinary income810¥ millionYear on year +45.6%Progress 162.0%
Net income attributable to owners of the parent576¥ millionYear on year +43.0%

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¥31.83
Financial position at period-end
Total assets32,388¥ million
of which net assets 19,830 ¥ millionEquity ratio 61.2%vs. prior year-end -0.6pt

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.

Segment revenueFeed Business ¥22,446 million (YoY +5.2%), Livestock Business ¥982 million (YoY +7.7%)
Segment profitFeed Business ¥707 million (YoY +44.0%), Livestock Business ¥70 million (YoY +4.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥50,000 million (YoY +9.7%)
Operating profit¥500 million (YoY -65.7%)
Ordinary income¥500 million (YoY -65.3%)
Profit attributable to owners of the parent¥300 million (YoY -20.8%)
Annual Dividend Forecast¥6 → ¥6(0.0%)
Factors Behind Changes in Business Performance

The impact of the price increases for compound feed implemented in April and July 2026. The disclosure also cites higher transportation costs and prices of secondary ingredients due to the surge in crude oil prices, yen depreciation, and market conditions for eggs and chicken.

Disclosure regarding the going concern assumption

None

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 0 companies / Excluded 0 companies / Company name Not applicable
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End20,830,825 shares
Treasury Shares at Period-End2,719,032 treasury shares
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¥23,429 million (YoY +5.3%)
Operating profit¥757 million (YoY +40.5%)
Ordinary income¥810 million (YoY +45.6%)
Profit attributable to owners of the parent¥576 million (YoY +43.0%)
Net income per share¥31.83
Equity ratioEnd of the current fiscal period 61.2 / End of previous period 61.8
Total assets¥32,388 million
Net assets¥19,830 million
Full-year earnings forecastNet Sales ¥50,000 million (YoY +9.7%) / Operating profit ¥500 million (YoY -65.7%) / Ordinary income ¥500 million (YoY -65.3%) / Profit attributable to owners of the parent ¥300 million (YoY -20.8%)
Annual Dividend Forecast¥6 → ¥6(0.0%)
Segment revenueFeed Business ¥22,446 million (YoY +5.2%), Livestock Business ¥982 million (YoY +7.7%)
Segment profitFeed Business ¥707 million (YoY +44.0%), Livestock Business ¥70 million (YoY +4.2%)
Disclosure regarding the going concern assumptionNone
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 0 companies / Excluded 0 companies / Company name Not applicable
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End20,830,825 shares
Treasury Shares at Period-End2,719,032 treasury shares
Factors Behind Changes in Business PerformanceThe impact of the price increases for compound feed implemented in April and July 2026. The disclosure also cites higher transportation costs and prices of secondary ingredients due to the surge in crude oil prices, yen depreciation, and market conditions for eggs and chicken.
Items this document does not state (14)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationImpairment lossBreakdown of extraordinary income (loss)Material 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.

The company said that the price increases for compound feed implemented in April and July 2026 contributed to the increase in net sales. It also explained the external environment, including corn and soybean meal prices, transportation costs, foreign exchange rates and livestock market conditions.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | NICHIWA SANGYO CO.,LTD. (2055) timely disclosure | Komori