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.
July 31, 2025
Company name: ＮＩＣＨＩＨＡＣＯＲＰＯＲＡＴＩＯＮ
Listing: Tokyo Stock Exchange / Nagoya Stock Exchange
Securities code: 7943
URL: https://www.nichiha.co.jp
Representative: Narumitsu Yoshioka, President and Representative Director Inquiries: Kazushi Tonoi, Director,Senior Executive Officer Telephone: +81-52-220-5111
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 three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
June 30, 2025
34,869
(2.9)
1,164
(31.7)
951
(59.3)
695
(58.0)
June 30, 2024
35,925
9.4
1,704
4.8
2,335
(8.8)
1,656
(5.7)
Note: Comprehensive income For the three months ended June 30, 2025:
¥(1,665) million
[-%]
For the three months ended June 30, 2024:
¥3,677 million
[51.9%]
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
June 30, 2025
20.52
20.48
June 30, 2024
47.02
46.92
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
June 30, 2025
169,712
119,562
70.7
3,560.30
March 31, 2025
177,455
124,157
70.2
3,659.66
Reference: Equity
As of June 30, 2025: ¥119,936 million
As of March 31, 2025: ¥124,518 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
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
-
57.00
-
57.00
114.00
Fiscal year ending March 31, 2026
-
Fiscal year ending
March 31, 2026 (Forecast)
57.00
57.00
114.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- 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 | |||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Six months ending September 30, 2025 | 71,500 | (2.1) | 3,500 | 1.9 | 3,700 | 14.4 | 2,500 | 36.6 | 73.48 |
Fiscal year ending March 31, 2026 | 147,500 | (0.7) | 10,000 | 43.8 | 10,300 | 42.0 | 7,200 | 166.0 | 211.61 |
Note: Revisions to the earnings forecasts most recently announced: None
* NotesSignificant 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
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2025
37,324,264 shares
As of March 31, 2025
37,324,264 shares
Number of treasury shares at the end of the period
As of June 30, 2025
3,637,097 shares
As of March 31, 2025
3,299,644 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2025 | 33,902,706 shares |
Three months ended June 30, 2024 | 35,237,923 shares |
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:nothing
Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors.
Quarterly consolidated balance sheet | |||
(Millions of yen) | |||
As of March 31, 2025 | As of June 30, 2025 | ||
Assets | |||
Current assets | |||
Cash and deposits | 26,481 | 21,487 | |
Notes and accounts receivable - trade | 23,444 | 22,545 | |
Electronically recorded monetary claims - operating | 5,349 | 4,857 | |
Merchandise and finished goods | 19,485 | 19,999 | |
Work in process | 3,664 | 3,706 | |
Raw materials and supplies | 6,283 | 6,296 | |
Other | 1,326 | 1,405 | |
Allowance for doubtful accounts | (31) | (31) | |
Total current assets | 86,002 | 80,267 | |
Non-current assets
Property, plant and equipment
Buildings and structures, net | 14,644 | 14,013 |
Machinery, equipment and vehicles, net | 38,045 | 36,670 |
Tools, furniture and fixtures, net | 495 | 442 |
Land | 20,403 | 20,398 |
Leased assets, net | 244 | 258 |
Construction in progress | 462 | 661 |
Total property, plant and equipment | 74,295 | 72,445 |
Intangible assets | ||
Leased assets | 30 | 28 |
Software | 275 | 245 |
Other | 176 | 175 |
Total intangible assets | 482 | 449 |
Investments and other assets | ||
Investment securities | 10,210 | 10,254 |
Deferred tax assets | 361 | 276 |
Retirement benefit asset | 2,594 | 2,587 |
Other | 3,545 | 3,467 |
Allowance for doubtful accounts | (36) | (36) |
Total investments and other assets | 16,674 | 16,550 |
Total non-current assets | 91,452 | 89,445 |
Total assets | 177,455 | 169,712 |
(Millions of yen)
As of March 31, 2025 | As of June 30, 2025 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 14,871 | 14,870 | ||
Short-term borrowings | 4,219 | 4,179 | ||
Lease liabilities | 107 | 115 | ||
Income taxes payable | 2,962 | 687 | ||
Provision for bonuses | 1,871 | 731 | ||
Provision for bonuses for directors (and other officers) | 47 | 8 | ||
Provision for product warranties | 84 | 49 | ||
Other | 10,647 | 11,264 | ||
Total current liabilities | 34,813 | 31,907 | ||
Non-current liabilities | ||||
Long-term borrowings | 11,641 | 11,635 | ||
Lease liabilities | 215 | 213 | ||
Deferred tax liabilities | 3,191 | 3,077 | ||
Provision for retirement benefits for directors (and other officers) | 137 | 106 | ||
Provision for product warranties | 1,094 | 1,094 | ||
Retirement benefit liability | 1,375 | 1,396 | ||
Other | 827 | 718 | ||
Total non-current liabilities | 18,484 | 18,243 | ||
Total liabilities | 53,297 | 50,150 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 8,136 | 8,136 | ||
Capital surplus | 10,950 | 10,950 | ||
Retained earnings | 98,008 | 96,791 | ||
Treasury shares | (9,733) | (10,750) | ||
Total shareholders' equity | 107,361 | 105,127 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale securities | 5,067 | 5,100 | ||
Foreign currency translation adjustment | 10,445 | 8,142 | ||
Remeasurements of defined benefit plans | 1,644 | 1,566 | ||
Total accumulated other comprehensive income | 17,157 | 14,809 | ||
Share acquisition rights | 169 | 169 | ||
Non-controlling interests | (530) | (544) | ||
Total net assets | 124,157 | 119,562 | ||
Total liabilities and net assets | 177,455 | 169,712 |
Quarterly consolidated statement of income | (Millions of yen) | ||
Three months ended June 30, 2024 | Three months ended June 30, 2025 | ||
Net sales | 35,925 | 34,869 | |
Cost of sales | 23,643 | 22,826 | |
Gross profit | 12,281 | 12,043 | |
Selling, general and administrative expenses | 10,576 | 10,878 | |
Operating profit | 1,704 | 1,164 | |
Non-operating income | |||
Interest income | 42 | 29 | |
Dividend income | 17 | 6 | |
Rental income from real estate | 22 | 8 | |
Foreign exchange gains | 546 | - | |
Other | 61 | 47 | |
Total non-operating income | 689 | 91 | |
Non-operating expenses | |||
Interest expenses | 31 | 106 | |
Foreign exchange losses | - | 187 | |
Other | 27 | 10 | |
Total non-operating expenses | 58 | 304 | |
Ordinary profit | 2,335 | 951 | |
Extraordinary income | |||
Gain on sale of non-current assets | 0 | 6 | |
Total extraordinary income | 0 | 6 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | 21 | 28 | |
Loss on retirement of inventories | - | 9 | |
Total extraordinary losses | 21 | 38 | |
Profit before income taxes | 2,314 | 919 | |
Income taxes - current | 162 | 122 | |
Income taxes - deferred | 487 | 114 | |
Total income taxes | 649 | 237 | |
Profit | 1,665 | 682 | |
Profit attributable to | |||
Profit attributable to owners of parent | 1,656 | 695 | |
Profit attributable to non-controlling interests | 8 | (13) | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | (230) | 33 | |
Foreign currency translation adjustment | 2,296 | (2,303) | |
Remeasurements of defined benefit plans, net of tax | (53) | (77) | |
Total other comprehensive income | 2,012 | (2,347) | |
Comprehensive income | 3,677 | (1,665) | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 3,669 | (1,651) | |
Comprehensive income attributable to non-controlling interests | 8 | (13) |
(Notes on segment information, etc.) Segment Information
the three months of the previous fiscal year (April 1, 2024 to June 30, 2024)
Information on sales and the amount of profit or loss for each reported segment
(in millions of yen)
Reportable segments
Others (Note 1)
Total
Adjustment amount (Note 2)
Amount recorded in consolidated financial statements (Note 3)
Exterior building materials business
Sales
Revenues from external customers
33,623
2,301
35,925
-
35,925
Transactions with other segments
252
456
709
(709)
-
Total
33,875
2,758
36,634
(709)
35,925
Segment profit
2,439
(25)
2,413
(708)
1,704
Note: 1. The "Other" category refers to business segments that are not included in the reporting segments and includes the fiberboard business, construction business, FP business, and other businesses.
Adjustments for segment profits or losses include ¥(722) million in corporate expenses and ¥13 million in adjustments that have not been allocated to each reporting segment. Company-wide expenses are mainly expenses related to the Company's general affairs and other administrative divisions that are not attributable to the reporting segment.
Segment profit or loss is adjusted for operating income in the quarterly consolidated income and comprehensive income statement.
2. Information on impairment losses or goodwill on fixed assets by reporting segment Not applicable.
the three months of the current fiscal year (April 1, 2025 to June 30, 2025)
Information on sales and the amount of profit or loss for each reported segment
(in millions of yen)
Reportable segments
Others (Note 1)
Total
Adjustment amount (Note 2)
Amount recorded in consolidated financial statements (Note 3)
Exterior building materials business
Sales
Revenues from external customers
32,550
2,319
34,869
-
34,869
Transactions with other segments
271
475
746
(746)
-
Total
32,821
2,794
35,616
(746)
34,869
Segment profit
1,845
6
1,851
(687)
1,164
Note: 1. The "Other" category refers to business segments that are not included in the reporting segments and includes the fiberboard business, construction business, FP business, and other businesses.
Adjustments for segment profits or losses include ¥(690) million in corporate expenses and ¥3 million in adjustments that have not been allocated to each reporting segment. Company-wide expenses are mainly expenses related to the Company's general affairs and other administrative divisions that are not attributable to the reporting segment.
Segment profit or loss is adjusted for operating income in the quarterly consolidated income and comprehensive income statement.
2. Information on impairment losses or goodwill on fixed assets by reporting segment Not applicable.