Komori
Results8086NIPRO CORPORATIONElectrical and Precision Instruments

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

During the interim period, net sales increased 7.0% year on year, while operating profit declined 5.4%, ordinary profit declined 33.3%, and interim net income attributable to owners of the parent declined 45.2%. The full-year earnings forecast was unchanged, while the annual dividend forecast was increased from ¥29 in the previous fiscal year to ¥32.

Worth reading
58In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
7
% (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales339,492Millions of yenYear on year +7.0%Progress 48.5%
Operating profit14,511Millions of yenYear on year -5.4%Progress 36.3%
Ordinary income5,493Millions of yenYear on year -33.3%Progress 20.0%
Net income attributable to owners of the parent3,237Millions of yenYear on year -45.2%Progress 21.6%

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¥19.60
Financial position at period-end
Total assets1,256,437Millions of yen
of which net assets 374,951 Millions of yenEquity ratio 25.0%vs. prior year-end +2.4pt

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+12,135
Investment-33,151
Financials+44,125
Net change+23,109

Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period114,657 Millions of yen
Segment revenueHealthcare-Related Businesses 226,110 Millions of yen (YoY +7.8%), Pharmaceutical-related 81,714 Millions of yen (YoY +2.9%), Pharmaceutical packaging 30,508 Millions of yen (YoY +12.0%)
Segment profitHealthcare-Related Businesses 18,531 Millions of yen (YoY -5.9%), Pharmaceutical-related 6,327 Millions of yen (YoY -11.9%), Pharmaceutical packaging 1,244 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales700,000 Millions of yen (YoY +6.0%)
Operating profit40,000 Millions of yen (YoY +6.3%)
Ordinary income27,400 Millions of yen (YoY +38.9%)
Net income15,000 Millions of yen (YoY +11.1%)
Revision to Earnings ForecastNet Sales 700,000 Millions of yen → 700,000 Millions of yen(0.0%) / Operating profit 40,000 Millions of yen → 40,000 Millions of yen(0.0%) / Ordinary income 27,400 Millions of yen → 27,400 Millions of yen(0.0%) / Net income 15,000 Millions of yen → 15,000 Millions of yen(0.0%)
Annual Dividend Forecast29 Yen → 32 Yen(+10.3%)
Factors Behind Changes in Business Performance

Sales of hospital-related and dialysis-related products in Japan remained firm, while growth in overseas sales of dialysis-related and vascular-related products and the weaker yen contributed to higher sales. Increased sales volumes, expanded sales of high-value-added products, and the effects of cost-reduction measures supported earnings, while higher personnel and logistics costs, increased expenses associated with the consolidation of Gentuity, higher interest expenses, and the反動 from the gain on sale of fixed assets recorded in the previous fiscal year weighed on profit.

Disclosure regarding the going concern assumption

No matters to report

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 Yes見積りの変更 Yes修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name Nipro Asia Pacific Group Pte Ltd / Excluded Number of companies 1 / Company name Avantec Vascular Corporation
Impairment lossNo matters to report
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets 130 Millions of yen, Government subsidies 1,273 Millions of yen, Other 15 Millions of yen / Extraordinary loss Loss on disposal of non-current assets 210 Millions of yen, Reduction of Fixed Asset Cost 198 Millions of yen, Product Recall-Related Losses 672 Millions of yen, Other 50 Millions of yen
Depreciation and amortization29,425 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End184,732,205 shares
Treasury Shares at Period-End705,459 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 Sales339,492 Millions of yen (YoY +7.0%)
Operating profit14,511 Millions of yen (YoY -5.4%)
Ordinary income5,493 Millions of yen (YoY -33.3%)
Profit attributable to owners of the parent3,237 Millions of yen (YoY -45.2%)
Net income per share¥19.60
Equity ratioEnd of the current fiscal period 25 / End of previous period 22.6
Total assets1,256,437 Millions of yen
Net assets374,951 Millions of yen
Cash flows from operating activities12,135 Millions of yen
Cash flows from investing activities-33,151 Millions of yen
Cash flows from financing activities44,125 Millions of yen
Cash and cash equivalents at end of period114,657 Millions of yen
Full-year earnings forecastNet Sales 700,000 Millions of yen (YoY +6.0%) / Operating profit 40,000 Millions of yen (YoY +6.3%) / Ordinary income 27,400 Millions of yen (YoY +38.9%) / Net income 15,000 Millions of yen (YoY +11.1%)
Revision to Earnings ForecastNet Sales 700,000 Millions of yen → 700,000 Millions of yen(0.0%) / Operating profit 40,000 Millions of yen → 40,000 Millions of yen(0.0%) / Ordinary income 27,400 Millions of yen → 27,400 Millions of yen(0.0%) / Net income 15,000 Millions of yen → 15,000 Millions of yen(0.0%)
Annual Dividend Forecast29 Yen → 32 Yen(+10.3%)
Segment revenueHealthcare-Related Businesses 226,110 Millions of yen (YoY +7.8%), Pharmaceutical-related 81,714 Millions of yen (YoY +2.9%), Pharmaceutical packaging 30,508 Millions of yen (YoY +12.0%)
Segment profitHealthcare-Related Businesses 18,531 Millions of yen (YoY -5.9%), Pharmaceutical-related 6,327 Millions of yen (YoY -11.9%), Pharmaceutical packaging 1,244 Millions of yen
Depreciation and amortization29,425 Millions of yen
Impairment lossNo matters to report
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets 130 Millions of yen, Government subsidies 1,273 Millions of yen, Other 15 Millions of yen / Extraordinary loss Loss on disposal of non-current assets 210 Millions of yen, Reduction of Fixed Asset Cost 198 Millions of yen, Product Recall-Related Losses 672 Millions of yen, Other 50 Millions of yen
Disclosure regarding the going concern assumptionNo matters to report
Change in accounting policyChanges due to revisions to standards No / Other changes Yes / Change in accounting estimate Yes / Restatement No
Changes in the scope of consolidationNew Number of companies 1 / Company name Nipro Asia Pacific Group Pte Ltd / Excluded Number of companies 1 / Company name Avantec Vascular Corporation
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End184,732,205 shares
Treasury Shares at Period-End705,459 shares
Factors Behind Changes in Business PerformanceSales of hospital-related and dialysis-related products in Japan remained firm, while growth in overseas sales of dialysis-related and vascular-related products and the weaker yen contributed to higher sales. Increased sales volumes, expanded sales of high-value-added products, and the effects of cost-reduction measures supported earnings, while higher personnel and logistics costs, increased expenses associated with the consolidation of Gentuity, higher interest expenses, and the反動 from the gain on sale of fixed assets recorded in the previous fiscal year weighed on 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.

In Japan, sales of hospital-related and dialysis-related products remained firm. Overseas, sales of dialysis-related and vascular-related products increased, and the weaker yen also contributed to higher sales. Operating profit was affected by higher personnel and logistics costs and increased expenses associated with the consolidation of Gentuity, ordinary profit by higher interest expenses, and net income by the decline in ordinary profit and the反動 from the gain on sale of fixed assets recorded in the previous fiscal year.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | NIPRO CORPORATION (8086) timely disclosure | Komori