Nissui Q1 profit rises despite ordinary income decline

Nippon Suisan Kaisha reported net sales of 2,254bn yen for Q1 FY2026, up 2.2% year-over-year. Operating profit rose 5.7% to 102bn yen.

However, ordinary profit fell 11.7% to 102bn yen due to a 21bn yen prior period adjustment from finalized provisional accounting treatment for business combinations in affiliates. Net income dropped 11.7% to 65bn yen.

The company's aquaculture and North American processed seafood businesses showed significant improvement. Nissui projects full-year sales of 9,000bn yen and ordinary profit of 355bn yen.