Nippon Yakin Kogyo announced its earnings after the market close on 5 August. First-quarter ordinary profit rose 49.2% year on year to ¥4.4 billion, prompting upward revisions to its first-half and full-year profit forecasts.
Nippon Yakin Kogyo reported consolidated ordinary profit of ¥4.4 billion for the first quarter of the fiscal year ending March 2027 (April-June), up 49.2% year on year, marking solid growth. Ordinary profit increased significantly alongside growth in revenue and operating profit.
The company raised its first-half (April-September) ordinary profit forecast, changing it from ¥5.5 billion to ¥8.0 billion. Ordinary profit was ¥5.25 billion in the same period last year, significantly expanding the projected increase in profit.
The full-year ordinary profit forecast was also raised, changing from the previous forecast of ¥12.0 billion to ¥14.5 billion. The projected year-on-year increase in profit is expected to change from 24.3% to 50.2%.
For the most recent three-month period, the April-June operating margin on sales improved to 11.1%, from 8.3%.