Note: This document has been translated from 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. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
October, 14, 2025
Listed company name: NIPPN CORPORATION
Representative: Toshiya Maezuru, President and CEO
Listing: The Prime Market of the Tokyo Stock Exchange
Code number: 2001
Contact: Hideaki Kataoka, General Manager of Corporate Communications Div. TEL: +81-3-3511-5307
Consolidated Financial Results for the First Quarter of FY2026 [Japanese GAAP] (Completion of Interim Review by an Independent Auditor)NIPPN CORPORATION (President & CEO: Toshiya Maezuru; Head Office: Chiyoda-ku, Tokyo; the "Company") hereby announces that interim review of the Company's consolidated quarterly financial statements, which the Company disclosed on August 6, 2025 in the Company's Summary of Consolidated Financial Results for the First Quarter of FY2026 [Japanese GAAP], has been completed by an independent auditor. The interim review was conducted in connection with the secondary offering of shares of its common stock which was adopted at the board of directors dated today.
There are no changes to the consolidated quarterly financial statements announced on August 6, 2025.
End
Note: This press release does not constitute a part of an offer of investment in any securities. This press release has been prepared for the purpose of announcing to the public certain matters relating to Consolidated Financial Results for the First Quarter of FY2026 (Completion of Review by Independent Auditor), and not for the purpose of soliciting investment or other activities within or outside Japan. This press release does not constitute soliciting activities to purchase any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. No securities will be publicly offered or sold in the United States under this transaction.
Note: This document has been translated from 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.
Consolidated Financial Results for the First Quarter of FY2026 [Japanese GAAP]
Listed company name: NIPPN CORPORATION
Listing: The Prime Market of the Tokyo Stock Exchange
Code number: 2001
URL https://www.nippn.co.jp/en/index.html
Representative: Toshiya Maezuru, President and CEO
Contact: Hideaki Kataoka, General Manager of Corporate Communications Group
TEL +81-3-3511-5307
Payment date of cash dividends: -
Supplementary materials prepared: None
Results information meeting held: None
(October 14, 2025)
*Amounts less than one million yen have been rounded down.
Consolidated financial results for the first quarter of FY2026 (From April 1, 2025 to June 30, 2025)
Consolidated operating results (cumulative)
(Millions of yen, percentage figures show the rate of change from the same period of the previous year.)
Net Sales
Operating Income
Ordinary Income
Profit Attributable to Owners of Parent
1Q of FY2026
1Q of FY2025
104,219
101,969
2.2%
3.4%
5,544
5,132
8.0%
(5.8)%
6,737
6,543
3.0%
(2.1)%
4,678
9,433
(50.4)%
110.6%
(Note) Comprehensive income: 1Q of FY2026 ¥6,260 million [(59.1)%] 1Q of FY2025 ¥15,318 million [31.1%]
Profit per Share (Yen)
Fully Diluted Profit per Share (Yen)
1Q of FY2026
57.75
53.22
1Q of FY2025
120.98
105.50
Consolidated financial position (Millions of yen)
Total Assets
Net Assets
Equity Ratio
1Q of FY2026
407,804
266,085
63.5%
FY2025
399,226
246,484
60.7%
(Reference) Equity capital: 1Q of FY2026 ¥259,043 million FY2025 ¥242,140 million
Dividends
Dividends per Share (Yen)
1Q-end
2Q-end
3Q-end
Year-end
Full Year
FY2025
FY2026
-
-
33.00
-
33.00
66.00
FY2026 (Forecast)
33.00
-
33.00
66.00
(Note) Adjustment for the most recent forecast of the dividends in the current term: None
Forecast of consolidated financial results for FY 2026 (From April 1, 2025 to March 31, 2026)
(Millions of yen, percentage figures show the rate of changes from the same period of the previous year.)
Net Sales | Operating Income | Ordinary Income | Profit Attributable to Owners of Parent | Profit per Share (Yen) | |||||
Half Year Full Year | 211,500 424,000 | 3.2% 3.2% | 10,600 21,500 | 0.7% 0.1% | 12,100 24,500 | 0.1% 0.4% | 8,500 20,200 | (39.5)% (18.4)% | 108.90 258.80 |
(Note) Adjustment for the most recent forecast of the consolidated financial results in the current term: None
Notes
Significant changes in the scope of consolidation during the quarter under review: Yes New 1 company (company name) HATANAKA FOODS Co., Ltd
Adoption of special accounting methods for preparation of quarterly consolidated financial statements: None
Changes in accounting policies, accounting estimates, and retrospective restatements
Changes in accounting policies due to revisions of accounting standards : None
Changes other than 1) : None
Changes in accounting estimates : None
Retrospective restatements : None
Number of shares issued and outstanding (common stock)
1Q of FY2026
84,727,163 shares
FY2025
78,824,009 shares
1Q of FY2026
527,458 shares
FY2025
771,273 shares
1Q of FY2026
81,017,137 shares
1Q of FY2025
77,972,600 shares
Number of shares outstanding at the end of each period (including treasury shares):
Number of treasury shares at the end of each period:
Average number of shares (quarterly consolidated cumulative period):
(Note) The number of treasury shares at the end of the period includes our shares (225,900 shares at the end of 1Q of FY2026, 225,900 shares at the end of FY2025) held by Custody Bank of Japan, Ltd. (Trust E Account). The number of treasury shares deducted in calculating the average number of shares during the period includes our shares (225,900 shares at the end of 1Q of FY2026, 240,000 shares at the end of 1Q of FY2025) held by Custody Bank of Japan, Ltd. (Trust E Account).
Review of the accompanying quarterly consolidated financial statements by certified public accountants or an audit corporation: Yes
Explanation regarding the appropriate use of projected financial results and other special instructions
Descriptions regarding the future, including the financial outlook contained in this material, are based on certain information currently available to us and particular assumptions, which are, at the discretion of us, deemed reasonable, and actual financial
results may significantly vary due to various factors. Please refer to "1. Qualitative Information on Quarterly Consolidated Financial Results, (3) Information on forecast of the consolidated financial results" on page 4 for information on preconditions underlying the above outlook and other related information.
Contents
-
Qualitative Information on Quarterly Consolidated Financial Results ....................................................................... 2
- Overview of business results ...................................................................................................................................... 2
- Overview of financial position .................................................................................................................................... 4
- Information on forecast of the consolidated financial results................................................................................... 4
-
Quarterly Consolidated Financial Statements and Primary Notes ............................................................................... 5
- Quarterly consolidated balance sheets ....................................................................................................................... 5
- Quarterly consolidated statements of income and comprehensive income ............................................................. 7 (Quarterly consolidated statements of income) ...................................................................................................... 7 (Quarterly consolidated statements of comprehensive income) ............................................................................ 8
- Notes on quarterly consolidated financial statements............................................................................................... 9
- 1 -
-
Qualitative Information on Quarterly Consolidated Financial Results
- Overview of business results
(Millions of yen)
First three months of Fiscal 2025 | First three months of Fiscal 2026 | Difference | Change | |
Net sales | 101,969 | 104,219 | 2,250 | 102.2% |
Operating income | 5,132 | 5,544 | 411 | 108.0% |
Ordinary income | 6,543 | 6,737 | 193 | 103.0% |
Profit Attributable to Owners of Parent | 9,433 | 4,678 | (4,754) | 49.6% |
During the first three months of the fiscal year ending March 31, 2026, the Japanese economy has continued to gradually recover against the background of factors such as improvements in the employment and income environment. On the other hand, it is expected that uncertain circumstances will continue in the future, due to the unstable international situation, such as the prolonged conflicts in Ukraine and the Middle East, and the trends in the international trade policy of the United States.
In the food industry, we continued to pay close attention to the impact on our business environment of factors, such as high raw material and energy prices, and consumer inclination toward spending less due to inflation.
In these circumstances, we are striving to continuously improve our corporate value based on the management philosophy of "Contributing to the realization of a sustainable society by pursuing the wellbeing (happiness, health, and smiles) of people."
During the first three months of fiscal 2026, as an effort to strengthen our earning capacity, we thoroughly implemented "consumer-based marketing" in all business areas including not only home use food product category but also professional use food product category, and we worked to expand our revenue by further raising our brand awareness.
In addition, as an effort to expand our growth areas, we included HATANAKA FOODS Co., Ltd. as a consolidated subsidiary in April 2025, and commenced construction of a new plant for frozen foods, in order to enhance our supply system in the light of future growth of the demand for frozen foods.
In the first three months of fiscal 2026, net sales increased by 2.2% year-on-year to ¥104,219 million due to factors such as the expansion of inbound tourism consumption, sales promotion based on the marketing strategy, as well as price revisions implemented due to various rising costs. In terms of profit, despite an increase in various costs, including raw material costs, personnel costs and logistics costs in each business, due to an increase in sales volume of both the Flour Milling business and the Food business, operating income increased by 8.0% year-on-year to ¥5,544 million and ordinary income increased by 3.0% year-on-year to
¥6,737 million. On the other hand, due to extraordinary gains from the sale of idle land in last year, profit attributable to owners of parent decreased by 50.4% year-on-year to ¥4,678 million.
The performance of individual business segments was as follows.
- 2 -