Komori
Results9913NIPPO LTD.Trading & Wholesale

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

In the first half of the fiscal year ending March 2027, net sales, operating profit and net profit exceeded the year-earlier period, supported by growing demand and increased orders related to generative AI and data centers. The full-year earnings forecast and year-end dividend forecast were also revised upward, with the year-end dividend increased from ¥79 to ¥85 per share.

Worth reading
60In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
41.7
Year-on-year change in operating income (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales26,582Million yenYear on year +19.8%Progress 53.2%
Operating profit1,341Million yenYear on year +41.7%Progress 58.3%
Ordinary income1,451Million yenYear on year +42.9%Progress 63.1%
Net income attributable to owners of the parent1,054Million yenYear on year +53.7%

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¥116.07
Financial position at period-end
Total assets38,268Million yen
of which net assets 17,756 Million yenEquity ratio 46.4%vs. prior year-end -2.9pt

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+2,229
Investment-672
Financials-1,308
Net change+249

Stacked from zero: upward is an increase in cash, downward a decrease (in Million 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 period6,908 Million yen
Segment revenueElectronics 13,576 Million yen (YoY +34.7%), Mobility 9,283 Million yen (YoY +9.0%), Medical and Precision Equipment 3,805 Million yen (YoY +4.7%), Other 104 Million yen (YoY +3.0%)
Segment profitElectronics 1,259 Million yen (YoY +52.3%), Mobility 691 Million yen (YoY +45.6%), Medical and Precision Equipment 283 Million yen (YoY -18.8%), Other 18 Million yen (YoY -41.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales50,000 Million yen (YoY +7.8%)
Operating profit2,300 Million yen (YoY +10.6%)
Ordinary income2,300 Million yen (YoY +1.3%)
Profit attributable to owners of the parent1,550 Million yen (YoY +7.5%)
Revision to Earnings ForecastNet Sales Not disclosed → 50,000 Million yen / Operating profit Not disclosed → 2,300 Million yen / Ordinary income Not disclosed → 2,300 Million yen / Profit attributable to owners of the parent Not disclosed → 1,550 Million yen
Annual Dividend Forecast79 Yen per share → 85 Yen per share(+7.6%)
Factors Behind Changes in Business Performance

The increase in demand related to generative AI and data centers, higher orders resulting from customers building up inventories, the pass-through of higher raw material costs into selling prices, spot orders for cleaning equipment, solid orders at the Vietnam and Inazawa plants, and productivity improvements through automation and other measures.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 5 Million yen / Extraordinary loss Loss on disposal of property, plant and equipment 0 Million yen
Depreciation and amortization869 Million yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Not disclosed
Issued Shares at Period-End9,127,338 shares outstanding at period end
Treasury Shares at Period-End28,454 treasury shares at period end
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales26,582 Million yen (YoY +19.8%)
Operating profit1,341 Million yen (YoY +41.7%)
Ordinary income1,451 Million yen (YoY +42.9%)
Profit attributable to owners of the parent1,054 Million yen (YoY +53.7%)
Net income per share¥116.07
Equity ratioEnd of the current fiscal period 46.4 / End of previous period 49.3
Total assets38,268 Million yen
Net assets17,756 Million yen
Cash flows from operating activities2,229 Million yen
Cash flows from investing activities-672 Million yen
Cash flows from financing activities-1,308 Million yen
Cash and cash equivalents at end of period6,908 Million yen
Full-year earnings forecastNet Sales 50,000 Million yen (YoY +7.8%) / Operating profit 2,300 Million yen (YoY +10.6%) / Ordinary income 2,300 Million yen (YoY +1.3%) / Profit attributable to owners of the parent 1,550 Million yen (YoY +7.5%)
Revision to Earnings ForecastNet Sales Not disclosed → 50,000 Million yen / Operating profit Not disclosed → 2,300 Million yen / Ordinary income Not disclosed → 2,300 Million yen / Profit attributable to owners of the parent Not disclosed → 1,550 Million yen
Annual Dividend Forecast79 Yen per share → 85 Yen per share(+7.6%)
Segment revenueElectronics 13,576 Million yen (YoY +34.7%), Mobility 9,283 Million yen (YoY +9.0%), Medical and Precision Equipment 3,805 Million yen (YoY +4.7%), Other 104 Million yen (YoY +3.0%)
Segment profitElectronics 1,259 Million yen (YoY +52.3%), Mobility 691 Million yen (YoY +45.6%), Medical and Precision Equipment 283 Million yen (YoY -18.8%), Other 18 Million yen (YoY -41.1%)
Depreciation and amortization869 Million yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 5 Million yen / Extraordinary loss Loss on disposal of property, plant and equipment 0 Million yen
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Not disclosed
Issued Shares at Period-End9,127,338 shares outstanding at period end
Treasury Shares at Period-End28,454 treasury shares at period end
Factors Behind Changes in Business PerformanceThe increase in demand related to generative AI and data centers, higher orders resulting from customers building up inventories, the pass-through of higher raw material costs into selling prices, spot orders for cleaning equipment, solid orders at the Vietnam and Inazawa plants, and productivity improvements through automation and other measures.
Items this document does not state (7)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial 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 increase in demand related to generative AI and data centers, higher orders resulting from customers building up inventories, the pass-through of higher raw material costs into selling prices, spot orders for cleaning equipment, solid orders at the Vietnam and Inazawa plants, and productivity improvements through automation and other measures contributed to the results.

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