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Nisshin Seifun (2002) investor relations material
Nisshin Seifun Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the first half of FY2026 rose 0.4% year-over-year to ¥431,310 million, driven by engineering, yeast, biotechnology, and prepared foods, despite headwinds from falling wheat prices and currency impacts in overseas flour milling.
Operating profit declined 13.0% year-over-year to ¥22,633 million, mainly due to higher costs at the new Mizushima Plant, lower overseas flour milling shipments, and increased costs in processed food and mesh cloth businesses.
Profit attributable to owners of parent dropped 49.3% year-over-year to ¥10,325 million, primarily due to impairment losses in the India yeast business.
Comprehensive income surged to ¥22,441 million, a 781.8% increase year-over-year.
Financial highlights
First half FY2026 net sales: ¥431.3 billion (+0.4% YoY); operating profit: ¥22.6 billion (−13.0% YoY); ordinary profit: ¥24.8 billion (−8.5% YoY); profit attributable to owners: ¥10.3 billion (−49.3% YoY).
Gross profit decreased to ¥95,203 million from ¥97,155 million year-over-year.
Impairment losses of ¥8.7 billion recognized in the India yeast business.
Cash flows from operating activities improved to ¥34,454 million; capital expenditures increased to ¥21,600 million.
Earnings per share for the period were ¥35.65, down from ¥68.48 in the prior year.
Outlook and guidance
Full-year FY2026 net sales forecast at ¥870,000 million (unchanged), operating profit at ¥47,000 million (+1.3% YoY), ordinary profit at ¥50,000 million (+1.6% YoY), and profit attributable to owners at ¥30,000 million (−13.5% YoY).
Earnings per share for the full year are forecast at ¥104.46.
Second half expected to see significant profit recovery due to price revisions, cost reductions, and sales expansion, especially in overseas flour milling, processed food, and mesh cloth businesses.
Annual dividend forecast raised to ¥60 per share, up ¥5 from previous year.
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