Nagaileben reports slight dip in interim profits, announces share buyback

Nagaileben (TSE:7447) announced its consolidated financial results for the second quarter of the fiscal year ending August 2025, reporting a 6.1% increase in net sales to JPY 7,843 million but a decrease in operating profit to JPY 1,499 million and profit attributable to owners of the parent to JPY 1,062 million. The company attributed the profit decline to increased raw material costs, currency effects, and rising domestic labor and logistics expenses. In response, Nagaileben's board approved a plan to repurchase up to 600,000 of its own shares for a maximum price of JPY 1,000 million between March 3, 2025 and May 31, 2025. The company has already acquired 181,500 shares at JPY 359.2 million in March 2025 as part of the plan. The company maintained its full-year earnings forecast of net sales of JPY 17,500 million.