NANKAI Co., Ltd. (TSE:9044) revised its earnings forecast for the fiscal year ending March 2026, projecting lower revenue but higher profits.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 48.5bn | JPY 45.8bn | -5.6% |
| Operating Profit | JPY 2.23bn | JPY 2.84bn | +27.4% |
| Ordinary Income | JPY 2.24bn | JPY 2.85bn | +27.2% |
| Net Profit | JPY 1.52bn | JPY 2.09bn | +37.5% |
| EPS | JPY 52.73/share | JPY 72.50/share | +JPY 19.77/share |
The company attributed the lower revenue to reduced orders and production plans, but noted that improved profitability from ongoing projects offset this decline.
The revision reflects stronger-than-expected performance from ongoing projects, which contributed to higher operating and ordinary income despite the revenue drop. The increases in net profit and EPS indicate improved efficiency and cost management.
The revised forecast highlights NANKAI’s ability to enhance profitability amid softer revenue conditions, potentially signaling resilience in its core operations. Investors should monitor how these trends evolve alongside broader industry dynamics.