Komori
Earnings4920Nippon Shikizai,Inc.Materials and Chemicals

Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP) (Consolidated)

For the fiscal year ended February 2026, revenue fell 5.6% year on year and operating profit declined 63.2%, resulting in lower revenue and profit. Net income, however, rose 55.1% due to the recognition of a gain on the sale of non-current assets. Revenue and profit are both expected to recover in the next fiscal year.

Worth reading
55In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
63.2
% (year-on-year decline in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 March 2025–28 February 2026ConsolidatedJapanese GAAP
Net Sales16,643,028¥ thousandYear on year -5.6%
Operating profit180,124¥ thousandYear on year -63.2%
Ordinary income151,985¥ thousandYear on year -58.6%
Net income attributable to owners of the parent335,394¥ thousandYear on year +55.1%

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.

Net income per share¥162.00
Financial position at period-end
Total assets17,566,610¥ thousand
of which net assets 4,244,033 ¥ thousandEquity ratio 24.2%vs. prior year-end +1.7pt

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+140,192
Investment+118,675
Financials-179,282
Net change+79,585

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¥1,080,500 thousand
Segment revenueJapan ¥11,789,799 thousand (YoY -5.2%), France ¥5,043,483 thousand (YoY -4.2%)
Segment profitJapan ¥281,224 thousand (YoY -49.3%), France ¥-82,615 thousand
Regional sales¥11,789,799 thousand (YoY -5.2%), ¥5,043,483 thousand (YoY -4.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥18,361 million (YoY +10.3%)
Operating profit¥394 million
Ordinary income¥275 million
Net income¥187 million
Annual Dividend Forecast¥20 per share → ¥30 per share(+50.0%)
Factors Behind Changes in Business Performance

Fluctuations in orders for new products, a slowdown in large orders, sluggish orders for pharmaceuticals and cosmetics at the French subsidiary, and inflation-driven increases in raw material costs, personnel expenses and various other expenses. Net income increased due to the recognition of a ¥284 million gain on the sale of non-current assets.

Disclosure regarding the going concern assumption

No applicable matters

Material subsequent eventsOn 25 March 2026, the Company acquired land measuring 4,927.82 square metres and a building measuring 1,424.30 square metres in Komoro, Nagano Prefecture, for ¥655.160 million. The impact on results for the fiscal year ending February 2027 is immaterial and has been incorporated into the earnings forecasts.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥284,187 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥7,104 thousand
Depreciation and amortization¥935,520 thousand
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 March 2025–28 February 2026
Net Sales¥16,643,028 thousand (YoY -5.6%)
Operating profit¥180,124 thousand (YoY -63.2%)
Ordinary income¥151,985 thousand (YoY -58.6%)
Profit attributable to owners of the parent¥335,394 thousand (YoY +55.1%)
Net income per share¥162.00
Equity ratioEnd of the current fiscal period 24.2 / End of previous period 22.5
Total assets¥17,566,610 thousand
Net assets¥4,244,033 thousand
Cash flows from operating activities¥140,192 thousand
Cash flows from investing activities¥118,675 thousand
Cash flows from financing activities¥-179,282 thousand
Cash and cash equivalents at end of period¥1,080,500 thousand
Full-year earnings forecastNet Sales ¥18,361 million (YoY +10.3%) / Operating profit ¥394 million / Ordinary income ¥275 million / Net income ¥187 million
Annual Dividend Forecast¥20 per share → ¥30 per share(+50.0%)
Segment revenueJapan ¥11,789,799 thousand (YoY -5.2%), France ¥5,043,483 thousand (YoY -4.2%)
Segment profitJapan ¥281,224 thousand (YoY -49.3%), France ¥-82,615 thousand
Regional sales¥11,789,799 thousand (YoY -5.2%), ¥5,043,483 thousand (YoY -4.2%)
Depreciation and amortization¥935,520 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥284,187 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥7,104 thousand
Disclosure regarding the going concern assumptionNo applicable matters
Material subsequent eventsOn 25 March 2026, the Company acquired land measuring 4,927.82 square metres and a building measuring 1,424.30 square metres in Komoro, Nagano Prefecture, for ¥655.160 million. The impact on results for the fiscal year ending February 2027 is immaterial and has been incorporated into the earnings forecasts.
Factors Behind Changes in Business PerformanceFluctuations in orders for new products, a slowdown in large orders, sluggish orders for pharmaceuticals and cosmetics at the French subsidiary, and inflation-driven increases in raw material costs, personnel expenses and various other expenses. Net income increased due to the recognition of a ¥284 million gain on the sale of non-current assets.
Items this document does not state (12)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlogImpairment lossChange in accounting policyChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End

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.

This was due to fluctuations in orders for new products, a slowdown in large orders, and sluggish growth in orders for pharmaceuticals and cosmetics at the French subsidiary, as well as inflation-driven increases in raw material costs, personnel expenses, subcontracting costs and various other expenses. The increase in net income was attributed to the recognition of a ¥284 million gain on the sale of non-current assets.

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Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP) (Consolidated) | Nippon Shikizai,Inc. (4920) timely disclosure | Komori