February 10, 2026 Nisshinbo Holdings Inc.
- Financial Results for FY2025
Outlook for FY2026 and business direction
Progress of Medium-Term Management Plan 2026
"Blueprint for Management"
The performance forecasts contained in this document are based on judgments made by the Company using information currently available and do not constitute a promise of their achievement.
FY2024 | FY2025 | Change | ||
Rate | ||||
Net Sales | 494,746 | 502,339 | +7,593 | +1.5% |
Operating income | 16,581 | 26,401 | +9,820 | +59.2% |
Ordinary income | 24,403 | 29,327 | +4,924 | +20.2% |
Net income attributable to Owners of Parent | 10,277 | 13,920 | +3,642 | +35.4% |
Business Performance Highlights (Millions of yen)
FY2025
Initial Forecast
506,000
19,700
21,600
18,300
Sales: Increased due to higher revenue in the Wireless and Communications Business, among other factors
Operating profit, ordinary profit, and net income attributable to owners of parent increased due to significant profit growth in the Wireless and Communications Business, among other factors
Segment Results (Millions of yen)
Segment Sub-segment | FY2024 | FY2025 (Current Period) | Change | ||||
Sales | Operating income | Sales | Operating income | Sales | Operating income | ||
Wireless and | (JRC) (KDE) Solutions & Defense Total | 63,814 | 233 | 76,272 | 6,535 | 12,458 | 6,302 |
Communications | |||||||
71,061 | 3,742 | 78,149 | 6,934 | 7,088 | 3,192 | ||
134,875 | 3,975 | 154,421 | 13,469 | 19,546 | 9,494 | ||
Marine Systems | 51,413 | 4,537 | 56,027 | 6,018 | 4,614 | 1,481 | |
Mobility and others | 51,599 | -862 | 44,430 | -1,676 | -7,169 | -814 | |
Eliminations, etc. | -3,372 | -73 | -3,041 | -143 | 331 | -70 | |
Total | 234,515 | 7,577 | 251,837 | 17,668 | 17,322 | 10,091 | |
MicroDevices | 64,225 | -7,093 | 62,400 | -5,505 | -1,825 | 1,588 | |
Material | Brakes | 58,188 | 2,333 | 57,795 | 3,385 | -392 | 1,052 |
Precision Instruments | 54,161 | 1,641 | 55,442 | 2,976 | 1,280 | 1,334 | |
Chemicals | 11,040 | 655 | 9,736 | -56 | -1,304 | -711 | |
Textiles | 36,842 | 193 | 33,345 | 98 | -3,497 | -95 | |
Real estate | 23,539 | 17,694 | 17,939 | 12,667 | -5,600 | -5,027 | |
Other Businesses,Corporate costs | 12,232 | -6,421 | 13,841 | -4,834 | 1,609 | 1,587 | |
Total | 494,746 | 16,581 | 502,339 | 26,401 | 7,593 | 9,820 | |
(Millions of yen)
Segment | Sub-segment | FY24/12 | FY2025 | Change | |||
Sales | Operating income | Sales | Operating income | Sales | Operating income | ||
Wireless and Communications Business | (JRC) (KDE) Solutions & Defense Total | 63,814 | 233 | 76,272 | 6,535 | 12,458 | 6,302 |
71,061 | 3,742 | 78,１４９ | 6,934 | 7,088 | 3,192 | ||
134,875 | 3,975 | 154,421 | 13,469 | 19,546 | 9,494 | ||
Marine Systems | 51,413 | 4,537 | 56,027 | 6,018 | 4,614 | 1,481 | |
Mobility and others | 51,599 | -862 | 44,430 | -1,676 | -7,169 | -814 | |
Eliminations, etc. | -3,372 | -73 | -3,041 | -143 | 331 | -70 | |
Total | 234,515 | 7,577 | 251,837 | 17,668 | 17,322 | 10,091 | |
Wireless and Communications Business
Solutions & Defense Total Increased revenue and profits driven by higher orders for municipal disaster prevention systems due to renewal demand, plus increased orders for Ministry of Defense equipment and maintenance materials
Marine Systems
Revenue and profits increased due to strong orders for equipment for new merchant ships, as well as for equipment for retrofitting merchant ships and aftermarket services such as maintenance.
Mobility and Others
Revenue decreased and profitability deteriorated due to a decline in orders for repeaters (mobile phone relay equipment) caused by specification changes and project delays, coupled with weak performance in commercial wireless equipment for overseas markets.
(Millions of yen)
Micro Devices Business
Electronic Devices Business
Industrial Machinery
Revenue increased due to higher orders for domestic office automation equipment products, etc.
Consumer
Revenue decreased due to sluggish performance, excluding amusement-related and smartphone-related products.
Automotive
Revenue decreased due to reduced orders caused by the sluggish EV market and inventory adjustments by sensor-related customers.
Microwave Business Revenue and profit decreased due to stagnant shipments of maintenance parts for electron tubes, caused by difficulties in
obtaining components due to rare earth restrictions.
Segment | FY24/12 | FY2025 | Change | |||
Sales | Operating income | Sales | Operating income | Sales | Operating income | |
Micro Devices Business | 64,225 | -7,093 | 62,400 | -5,505 | -1,825 | 1,588 |
(Millions of yen)
Segment | FY24/12 | FY2025 | Change | ||||
Sales | Operating income | Sales | Operating income | Sales | Operating income | ||
Materials Business | Brakes | 58,188 | 2,333 | 57,795 | 3,385 | -392 | 1,052 |
Precision Instruments | 54,161 | 1,641 | 55,442 | 2,976 | 1,280 | 1,334 | |
Chemicals | 11,040 | 655 | 9,736 | -56 | -1,304 | -711 | |
Textiles | 36,842 | 193 | 33,345 | 98 | -3,497 | -95 | |
Real estate | 23,539 | 17,694 | 17,939 | 12,667 | -5,600 | -5,027 | |
Other Businesses, Corporate costs | 12,232 | -6,421 | 13,841 | -4,834 | 1,609 | 1,587 | |
Consolidated Total | 494,746 | 16,581 | 502,339 | 26,401 | 7,593 | 9,820 | |
Materials Business |
Decreased revenue and worsened profitability due to reduced orders in the shirt business, etc. |
Real estate |
Decrease in R&D expenses, etc. |
Financial Results for FY2025
- Outlook for FY2026 and business direction
Progress of Medium-Term Management Plan 2026
"Blueprint for Management"
Sales: Expected increase due to higher orders for wireless and communications and Micro Devices
Operating income: Expected to decrease due to reduced scale of Real estate sales, etc.
Extraordinary Loss: Approximately ¥6 billion is expected due to restructuring costs for the microdevice business and other factors.
Outlook for FY2026 (Millions of yen)
FY2025 | FY2026 Forecast | Change | ||
rate | ||||
Net Sales | 502,339 | 511,000 | +8,661 | +1.7% |
Operating income | 26,401 | 21,000 | -5,401 | -20.5% |
Ordinary income | 29,327 | 21,500 | -7,827 | -26.7% |
Net income attributable to Owners of Parent | 13,920 | 10,000 | -3,920 | -28.2% |
Exchange Rate (JPY/USD) | 149.78 | 145 | (Sensitivity to exchange rate: A 1-yen depreciation of the yen results in+¥200 million) | |
(Millions of yen)
FY2025 | FY2026 Forecast | |||||
Segment | Sub-segment | Sales | Operating income | Sales | Operating income | |
Wireless and | (JRC) | 76,272 | 6,535 | 82,600 | 6,100 | |
Communications | (KDE) | 78,149 | 6,934 | 80,000 | 7,200 | |
Solutions & Defense Total | 154,421 | 13,469 | 162,600 | 13,300 | ||
Marine Systems | 56,027 | 6,018 | 57,100 | 4,800 | ||
Connected (formerly Mobility) and others | 44,430 | -1,676 | 47,300 | -900 | ||
Eliminations, etc. | -3,041 | -143 | -1,300 | -100 | ||
Total | 251,837 | 17,668 | 265,700 | 17,100 | ||
Micro Devices | 62,400 | -5,505 | 67,900 | -500 | ||
Materials | Brakes | 57,795 | 3,385 | 57,800 | 3,000 | |
Precision Instruments | 55,442 | 2,976 | 51,500 | 1,700 | ||
Chemicals | 9,736 | -56 | 10,200 | 0 | ||
Textiles | 33,345 | 98 | 34,600 | 200 | ||
Real estate | 17,939 | 12,667 | 9,900 | 6,400 | ||
Other Businesses,Corporate costs | 13,841 | -4,834 | 13,400 | -6,900 | ||
Consolidated Total | 502,339 | 26,401 | 511,000 | 21,000 | ||