Nippon Soda announced that it had raised its ordinary profit forecast for the current fiscal year by 14% and would increase its dividend by ¥10. Cumulative ordinary profit for the second quarter returned to growth year on year, prompting the company to raise its full-year earnings forecast.
Nippon Soda announced its results on 12 November. Consolidated ordinary profit for the cumulative second quarter (April-September) of the fiscal year ending March 2027 was ¥10.9 billion, up 12.7% year on year. The company returned to profit growth from its previous forecast of a 23.0% decline.
The full-year ordinary profit forecast was raised from the previous ¥19.0 billion to ¥21.7 billion. The forecast decline is therefore expected to narrow from 17.4% to 5.6%.
Ordinary profit for July-September was ¥5.39 billion, up 3.5% year on year, while the operating profit margin on sales improved from 11.3% to 11.5%. As a result, the annual dividend for the current fiscal year was revised upward from ¥160 to ¥170.
Based on first-half results and the company’s plan, ordinary profit for the second half is estimated at ¥10.7 billion, down 19.1% year on year.