November 6, 2025
Name: Nakanishi Inc. Stock listing: Tokyo Stock Exchange : Standard Market Code Number: 7716 URL: https://http://www.nsk-nakanishi.co.jp
Representative: Eiichi Nakanishi, President and Group CEO
Inquiries: Daisuke Suzuki, Corporate Vice President, Finance & Accounting Tel: +81-289-64-3380 Scheduled date to begin dividend payments: -
Supplementary materials to quarterly financial statements: Applicable Quarterly earnings results briefing: Not applicable
(All amounts are rounded down to the nearest million yen.)
Consolidated financial results for 3rd quarter period (January 1 to September 30, 2025)
(1) Operating Results
Millions of yen
Net sales EBITDA Operating income
3rd quarter ended September 30, 2025
58,752
3.8%
14,786
-5.2%
10,540
-7.5%
3rd quarter ended September 30, 2024
56,621
37.4%
15,597
14.2%
11,392
-1.6%
Ordinary income
Millions of yen
Income attributable to owners of parent
Earnings per share (yen)
Diluted EPS (yen)
3rd quarter ended September 30, 2025
10,934
-11.0%
6,181
-23.5%
73.85
73.61
3rd quarter ended September 30, 2024
12,280
-19.0%
8,079
-63.7%
95.42
95.13
Notes: 1. Percentage figures for net sales, operating income, ordinary income and net income represent year-on-year comparisons.
Comprehensive income for reporting period:
3rd quarter ended September 30, 2025 5,138 million (-43.5%)
3rd quarter ended September 30, 2024 9,087 million (-66.1%)
EBITDA (Operating income + Depreciation + Goodwill amortization)
(2) Financial Position
Millions of yen
Total assets Net assets
Equity ratio
As of September 30, 2025 162,466 119,564 73.3%
As of December 31, 2024 158,299 121,199 76.3%
Note: Ownersʼ equity As of September 30, 2025 119,168 million
As of December 31, 2024 120,822 million
-
Dividends
Cash dividends per share (yen)
1st quarter 2nd quarter 3rd quarter Year-end Annual
Year ended December 31, 2024 ̶ 26.00 ̶ 26.00 52.00
Year ending December 31, 2025 ̶ 26.00 ̶
Year ending December 31, 2025 (forecast)
28.00 54.00
Notes: 1. Revisions to dividend payment forecasts during the period: Not applicable
-
Business Performance Forecasts for the Current Term (January 1 to December 31, 2025)
Millions of yen
Net sales
Operating
income Ordinary income
Income attributable to owners of parent
Earnings per share (yen)
Full year 80,655 4.7 13,150 -9.9 13,840 -19.9 8,372 -2.4 99.14
Notes: 1. Percentage figures represent year-on-year comparisons.
2. Revisions to performance forecasts during the period: Not applicable
-
Others
Changes in the scope of consolidation during the period Inclusion: None
Exclusion: None
Application of special accounting methods in the preparation of quarterly consolidated financial statements: Not applicable
Changes in accounting principles, accounting estimates, and restatement
Changes in accounting principles due to revision of accounting standards, etc.: Applicable
Changes in accounting principles other than 1: Not applicable
Changes in accounting estimates: Not applicable
Restatement: Not applicable
Number of ordinary shares outstanding at the end of the period (including treasury stock) As of September 30, 2025: 93,418,200 shares
As of December 31, 2024: 93,418,200 shares
Number of shares of treasury stock at the end of the period As of September 30, 2025: 10,234,818 shares
As of December 31, 2024: 8,961,118 shares
Average number of shares during the period
3rd quarter ended September 30, 2025: 83,695,378 shares
3rd quarter ended September 30, 2024: 84,674,699 shares
* This quarterly flash report is out of scope of quarterly review.
Table of Contents
Qualitative Information on Quarterly Financial Results 4
Explanation of Results of Operations 4
Explanation of Financial Position 4
Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking
Information 5
Consolidated Quarterly Financial Statements and Principal Notes 6
Consolidated Quarterly Balance Sheets 6
Consolidated Quarterly Statements of Income and Comprehensive Income 8
(Consolidated Quarterly Statements of Income) 8
(Consolidated Quarterly Statements of Comprehensive Income) 9
Notes to Consolidated Quarterly Financial Statements 10
(Notes to Going Concern Assumption) 10
(Notes to Significant Changes in the Amount of Shareholdersʼ Equity) 10
(Changes in the scope of consolidation during the period) 10
(Segment Information） 11
Qualitative Information on Quarterly Financial Results
Explanation of Results of Operations
In the world economy during 3rd quarter, the USA continues to grow moderately, but due to the impact of uncertainty of inflation and political policy, businesses and consumers are feeling uneasy. In Europe, the economy is recovering, but sluggish performance in major countries such as Germany and France, geopolitical risk, and unclear political policies lead to a bottleneck in economy growth.
In Japanese economy, investment is growing steadily, but consumption is weak. Due to a decrease in exports and inflation, the economy remains slow.
Under these circumstances, all segments sales increased. EBITDA, operating income, ordinary income and income attributable to owners of parent for the quarter decreased.
As a result, the Group sales were ¥58,752,771 thousand (+3.8% year on year), EBITDA 14,786,330 thousand (-5.2%), operating income was ¥10,540,782 thousand (-7.5%), ordinary income was
10,934,449 thousand (-11.0%) and income attributable to owners of parent for the quarter was
¥ 6,181,091 thousand (-23.5%).
The following is a breakdown of business performance by segment.
（Dental segment）
In Dental segment, Domestic, North America and Asia sales decreased, but Europe and other areas sales increased. Total Dental segment sales increased. Segment EBITDA and segment operating income decreased.
As a result, sales were 34,784,465 thousand (+1.9%), segment EBITDA was 13,892,855 thousand (-4.6%) and segment operating income was 12,181,602 thousand (-6.5％).
（DCI segment）
In DCl segment, Sales to DSOs (Dental Service Organizations) have leveled off but segment sales increased. Segment EBITDA and segment operating income decreased.
As a result, sales were 14,692,187 thousand (+2.7%), segment EBITDA was 1,416,343 thousand (-28.1%) and segment operating loss was 331,961 thousand.
(Surgical segment)
In Surgical segment, Domestic, North America, Europe and Asia sales increased. Segment EBITDA and segment operating income increased as well.
As a result, sales were 4,168,643 thousand (+30.0%), segment EBITDA was 2,403,664 thousand (+32.3%) and segment operating income was 2,276,328 thousand (+31.8％).
（Industrial segment）
In Industrial segment, Domestic and Europe sales decreased, but North America and Asia sales increased. Total Industrial segment sales increased. Segment EBITDA decreased, but segment operating income increased.
As a result, sales were 5,107,473 thousand (+2.5%), segment EBITDA was 859,242 thousand (-15.8%) and segment operating income was 595,532 thousand (+3.8％).
Explanation of Financial Position (Assets, liabilities and net asset)
Total assets at the end of 3rd quarter were 162,466,125 thousand and increased by 4,166,582 thousand compared with the end of the previous fiscal year. The main reasons were that Cash and deposits increased by 7,408,905 thousand, but Goodwill decreased by 2,304,694 thousand.
Total liabilities were 42,902,052 thousand and increased by 5,801,871 thousand compared with the
end of the previous fiscal year. The main reasons were that Long-term borrowings (including Current portion of long-term borrowings) increased by 16,029,667 thousand, but Short-term borrowings decreased by 8,250,705 thousand.
Net asset was 119,564,072 thousand and decreased by 1,635,288 thousand compared with the end of the previous fiscal year. The main reasons were that Treasury shares increased by ¥2,647,324 thousand.
Explanation of Forecast of Consolidated Financial Results and Other Forward-Looking Information We will not change the forecast announced on May 12, 2025.
Full year
The amount | % | |
Sales | 80,655 million | 4.7 |
EBITDA | 18,932 million | -7.5 |
Operating income | 13,150 million | -9.9 |
Ordinary profit | 13,840 million | -19.9 |
Net income attributable to owners of parent | 8,372 million | -2.4 |
(Note) Percentage figures represent year-on-year comparisons.