Nissui (1332) Q1 2026 earnings summary

Executive summary

• Net sales rose 2.2% year-over-year to ¥225.4 billion, with operating profit up 5.7% to ¥10.2 billion, driven by aquaculture and North American processing improvements.

• Profit attributable to owners of parent declined 11.7% year-over-year to ¥6.5 billion, reflecting the absence of prior-year one-time gains and retrospective adjustments from an equity-method affiliate acquisition.

• Comprehensive income turned negative at ¥(623) million, mainly due to foreign currency translation losses.

• Progress is in line with the full-year plan, with international businesses and chilled foods offsetting domestic cost pressures.

Financial highlights

• Net sales: ¥225.4 billion (up ¥4.8 billion year-over-year).

• Operating profit: ¥10.2 billion (up ¥0.5 billion year-over-year).

• Gross profit increased by ¥1.8 billion year-over-year to ¥37.7 billion.

• Basic earnings per share decreased to ¥20.94 from ¥23.70 year-over-year.

• Net assets decreased to ¥280.1 billion, with a capital adequacy ratio of 42.6%.

Outlook and guidance

• Full-year net sales forecast at ¥900 billion (up 1.6% year-over-year), operating profit ¥34.5 billion (up 8.6%), and profit attributable to owners of parent ¥25 billion (down 1.5%).

• Dividend forecast maintained at ¥28.00 per share for the fiscal year ending March 31, 2026.

• Initiatives to expand international business, advance aquaculture, and improve underperforming segments are progressing ahead of target.

• EPS projected to reach a record high for the fifth consecutive year, supported by share repurchases.

• No revisions to previously announced financial forecasts.