Nissin Foods (2897) Q2 2026 earnings summary

Executive summary

• Revenue for FY 3/2026 H1 decreased by 1.3% year-on-year to ¥373.2 billion, with core operating profit from existing businesses down 21.9% year-on-year to ¥34.8 billion.

• Operating profit decreased 23.6% year-on-year to ¥31.8 billion, and profit attributable to owners fell 22.2% to ¥22.6 billion.

• Basic earnings per share declined to ¥77.97 from ¥96.54 in the prior year period.

• Domestic instant noodles saw revenue growth but profit decline due to higher raw material costs; overseas business experienced declines in both revenue and profit, except for China.

• Dividend forecast remains unchanged at ¥70 per share.

Financial highlights

• Consolidated revenue: ¥373.2 billion (down 1.3% year-on-year).

• Core operating profit: ¥34.8 billion (down 21.9% year-on-year).

• Operating profit: ¥31.8 billion (down 23.6% year-on-year).

• Profit attributable to owners: ¥22.6 billion (down 22.2% year-on-year).

• Gross profit for the period was ¥128.3 billion, down from ¥135.7 billion year-on-year.

Outlook and guidance

• Revised full-year revenue forecast: ¥792.0 billion (up 2.0% year-on-year, down 2.2% from initial plan).

• Core operating profit forecast: ¥68.5 billion (down 18.1% from initial plan, down 18.0% year-on-year).

• Profit attributable to owners forecast: ¥43.0 billion (down 21.8% year-on-year).

• Basic earnings per share forecast is ¥148.

• Core OP margin expected to decline to 8.6%.