Consolidated Financial Results for the Nine Months Ended December 31 2025 (Under Japanese GAAP) [PDF:133KB]

Published February 12, 2026 at 6:38 a.m. UTC

Source: MarketScreener

DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

February 12, 2026

Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)

Company name: Nippon Soda Co., Ltd. Listing: Tokyo Stock Exchange

Securities code: 4041

URL: https://www.nippon-soda.co.jp/ Representative: Eiji Aga, President

Inquiries: Toyonobu Katagishi, Manager, General Affairs Dept. Telephone: +81-3-6366-1920

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)

Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)

Note: Comprehensive income For the nine months ended December 31, 2025:	¥22,795 million	[225.0%]
For the nine months ended December 31, 2024:	¥7,014 million	[(62.4)%]

Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
December 31, 2025	106,272	(1.0)	11,511	2.8	17,719	21.7	12,436	(0.8)
December 31, 2024	107,304	1.8	11,198	14.6	14,563	(4.7)	12,538	6.4

	Basic earnings per share	Diluted earnings per share
Nine months ended	Yen	Yen
December 31, 2025	228.20	-
December 31, 2024	227.66	-

Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.

The basic earnings per share has been calculated assuming that the aforementioned share split was conducted at the beginning of the previous fiscal year.

Consolidated financial position

	Total assets	Net assets	Equity-to-asset ratio
As of	Millions of yen	Millions of yen	%
December 31, 2025	306,131	198,224	64.3
March 31, 2025	288,097	188,102	64.8

Reference: Equity

As of December 31, 2025: ¥196,898 million

As of March 31, 2025: ¥186,785 million

Cash dividends

	Annual dividends per share
	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2025	-	120.00	-	80.00	-
Fiscal year ending March 31, 2026	-	70.00	-
Fiscal year ending March 31, 2026 (Forecast)				70.00	140.00

Note: Revisions to the forecast of cash dividends most recently announced: None

Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.

The dividend per share at the end of the second quarter of the fiscal year ended March 31, 2025 is stated at the amount before the aforementioned share split, and the total annual dividend is shown as "-".

If the impact of the share split is considered, the dividend per share at the end of the second quarter of the fiscal year ended March 31, 2025 would be 60 yen and the annual dividend per share would be 140 yen.

Forecast of consolidated financial results for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Fiscal year ending March 31, 2026

Millions of yen

151,000

(2.7)

Millions of yen

14,600

(9.1)

Millions of yen

22,000

12.7

Millions of yen

17,000

13.2

Yen

312.91

Note: Revisions to the earnings forecasts most recently announced: Yes

* Notes

Significant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
2. Changes in accounting policies due to other reasons: None
3. Changes in accounting estimates: None
4. Restatement: None

Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of December 31, 2025	56,787,734 shares
As of March 31, 2025	56,787,734 shares

Number of treasury shares at the end of the period

As of December 31, 2025	3,025,128 shares
As of March 31, 2025	1,707,450 shares

Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 31, 2025	54,497,849 shares
Nine months ended December 31, 2024	55,075,886 shares

Note: The Company conducted a 2-for-1 share split for every share of common shares with the effective date of October 1, 2024.

The average number of shares outstanding during the period has been calculated assuming that the aforementioned share split was conducted at the beginning of the previous consolidated fiscal year.

Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
Proper use of earnings forecasts, and other special matters

(Cautions on forward-looking statements, etc.)

The descriptions regarding future performance and outlook contained in this document are based on certain assumptions that our company currently possesses and deems reasonable. However, they do not constitute a promise by our company to achieve those outcomes. Actual performance may vary significantly due to various factors.

Quarterly consolidated balance sheet

(Millions of yen)

As of March 31, 2025 As of December 31, 2025

Assets
Current assets
Cash and deposits	22,267	23,420
Notes and accounts receivable - trade, and contract assets	45,935	34,290
Electronically recorded monetary claims - operating	4,203	4,016
Inventories	53,419	59,370
Other	3,826	5,383
Allowance for doubtful accounts	(9)	(8)
Total current assets	129,643	126,473
Non-current assets
Property, plant and equipment
Buildings and structures, net	24,181	24,473
Machinery, equipment and vehicles, net	19,373	20,758
Tools, furniture and fixtures, net	2,403	2,243
Land	15,018	15,122
Construction in progress	12,179	16,226
Other, net	68	60
Total property, plant and equipment	73,224	78,883
Intangible assets
Goodwill	69	46
Other	2,694	2,086
Total intangible assets	2,763	2,133
Investments and other assets
Investment securities	63,328	80,052
Retirement benefit asset	14,502	14,900
Deferred tax assets	2,082	1,068
Other	2,554	2,621
Allowance for doubtful accounts	(1)	(1)
Total investments and other assets	82,465	98,640
Total non-current assets	158,454	179,657
Total assets	288,097	306,131

(Millions of yen)

	As of March 31, 2025		As of December 31, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade		17,045		17,494
Electronically recorded obligations - operating		3,680		2,548
Short-term borrowings		26,913		26,695
Income taxes payable		1,797		1,186
Provision for bonuses		5,798		1,110
Other		6,674		6,276
Total current liabilities		61,910		55,311
Non-current liabilities
Long-term borrowings		23,325		33,550
Deferred tax liabilities		10,675		15,053
Retirement benefit liability		1,270		1,207
Provision for environmental measures		14		14
Other		2,799		2,768
Total non-current liabilities		38,083		52,594
Total liabilities		99,994		107,906
Net assets
Shareholders' equity
Share capital		29,166		29,166
Capital surplus		24,823		24,836
Retained earnings		124,566		128,784
Treasury shares		(3,191)		(7,567)
Total shareholders' equity		175,365		175,220
Accumulated other comprehensive income
Valuation difference on available-for-sale securities		11,398		17,617
Deferred gains or losses on hedges		(39)		(138)
Foreign currency translation adjustment		(999)		3,321
Remeasurements of defined benefit plans		1,059		877
Total accumulated other comprehensive income		11,419		21,678
Non-controlling interests		1,317		1,325
Total net assets		188,102		198,224
Total liabilities and net assets		288,097		306,131

Quarterly consolidated statement of income			(Millions of yen)
	Nine months ended December 31, 2024		Nine months ended December 31, 2025
Net sales		107,304	106,272
Cost of sales		76,992	74,439
Gross profit		30,312	31,833
Selling, general and administrative expenses		19,113	20,321
Operating profit		11,198	11,511
Non-operating income
Interest income		121	82
Dividend income		1,324	1,221
Share of profit of entities accounted for using equity method		1,897	4,414
Foreign exchange gains		359	1,036
Other		532	476
Total non-operating income		4,235	7,230
Non-operating expenses
Interest expenses		306	468
Other		564	553
Total non-operating expenses		870	1,022
Ordinary profit		14,563	17,719
Extraordinary income
Gain on sale of non-current assets		-	377
Gain on sale of investment securities		3,011	86
Other		201	0
Total extraordinary income		3,213	464
Extraordinary losses
Impairment losses		25	-
Disaster losses		138	-
Loss on closing of factory		103	297
Loss on sale of investment securities		9	-
Loss on sale of non-current assets		-	2
Loss on abandonment of non-current assets		570	536
Other		5	7
Total extraordinary losses		853	844
Profit before income taxes		16,923	17,339
Income taxes - current		2,158	2,213
Income taxes - deferred		2,187	2,687
Total income taxes		4,346	4,900
Profit		12,576	12,439
Profit attributable to non-controlling interests		38	3
Profit attributable to owners of parent		12,538	12,436

Quarterly consolidated statement of comprehensive income			(Millions of yen)
	Nine months ended December 31, 2024		Nine months ended December 31, 2025
Profit		12,576	12,439
Other comprehensive income
Valuation difference on available-for-sale securities		(1,898)	6,219
Deferred gains or losses on hedges		(19)	(4)
Foreign currency translation adjustment		25	1,506
Remeasurements of defined benefit plans, net of tax		(270)	(179)
Share of other comprehensive income of entities accounted for using equity method		(3,399)	2,813
Total other comprehensive income		(5,562)	10,355
Comprehensive income		7,014	22,795
Comprehensive income attributable to
Comprehensive income attributable to owners of parent		7,034	22,695
Comprehensive income attributable to non-controlling interests		(20)	99

(Segment information)

Information on Sales and the Amount of Profit or Loss for Each Reported Segment

The nine months of the previous fiscal year (April 1, 2024 to December 31, 2024) (Millions of yen)

	Reportable segments					Total	Adjustment amount	Quarterly Consolidated Statements of Income
	Chemical Materials	Agri Business	Trading and Logistics	Engineering	Eco Solutions	Total	Adjustment amount	Quarterly Consolidated Statements of Income
Sales Revenues from external customers Transactions with other segments	27,254 10,772	31,180 45	32,291 6,512	9,621 2,978	6,956 731	107,304 21,040	-(21,040)	107,304 -
Total	38,026	31,225	38,804	12,600	7,688	128,344	(21,040)	107,304
Segment Profit	4,811	2,537	2,024	1,447	168	10,989	209	11,198

The nine months of the current fiscal year (April 1, 2025 to December 31, 2025) (Millions of yen)

	Reportable segments					Total	Adjustment amount	Quarterly Consolidated Statements of Income
	Chemical Materials	Agri Business	Trading and Logistics	Engineering	Eco Solutions	Total	Adjustment amount	Quarterly Consolidated Statements of Income
Sales Revenues from external customers Transactions with other segments	27,709 11,638	32,482 73	32,205 5,459	6,768 4,955	7,106 750	106,272 22,876	-(22,876)	106,272 -
Total	39,347	32,555	37,665	11,724	7,856	129,149	(22,876)	106,272
Segment Profit	4,851	3,506	1,834	1,129	299	11,622	(111)	11,511