Nissin Foods (2897) Q1 2026 earnings summary

Executive summary

• Revenue declined 4.3% year-over-year to ¥177.0 billion, with core operating profit down 25.5% and profit attributable to owners down 29.3%.

• Operating profit fell 27.5% to ¥15,844 million; basic earnings per share dropped to ¥38.37 from ¥52.46.

• Domestic business saw revenue growth but profit contraction due to higher material costs; overseas business faced revenue and profit declines, except in China.

• U.S. operations were notably weak, impacted by lower sales volume and yen appreciation.

Financial highlights

• Core operating profit margin of existing businesses fell 2.8 points to 9.8%; overall operating profit margin dropped 2.9 points to 9.0%.

• Gross profit for the quarter was ¥60,461 million, down from ¥67,055 million year-over-year.

• Cash and cash equivalents increased to ¥82,237 million at quarter-end, up from ¥73,036 million at the start of the period.

• Revenue in the Americas dropped 20.5% year-over-year; China (incl. H.K.) grew 1.4%.

• Overseas business revenue fell 14.1%, with profit down 36.2%.

Outlook and guidance

• Full-year revenue is projected to grow 4.3% to ¥810.0 billion, with core operating profit of existing businesses expected to rise 0.1% to ¥83.6 billion.

• Profit attributable to owners of the parent expected at ¥53,000–56,000 million; EPS guidance is ¥180–191.

• Domestic business is expected to remain on plan; overseas outlook is uncertain, especially in the U.S.

• Material costs are expected to stay above initial plans, with ongoing monitoring of tariffs and exchange rates.