Nisshin Seifun Group revises forecast after impairment, announces share buyback

Nisshin Seifun Group announced its consolidated financial results for the second quarter of the fiscal year ending March 2026, reporting a 49.3% decrease in interim net profit attributable to owners of parent, totaling 10.325 billion yen. This decline was primarily driven by 8.7 billion yen in impairment losses recognized on non-current assets within its India yeast business. Despite this, net sales saw a slight increase of 0.4% to 431.310 billion yen.

The company has revised its full-year consolidated earnings forecast for the fiscal year ending March 2026. While net sales remain unchanged at 870.000 billion yen, operating profit is now projected at 47.000 billion yen (down 6.0%), ordinary profit at 50.000 billion yen (down 5.7%), and net profit attributable to owners of parent at 30.000 billion yen (down 23.1%). Despite the downward revision in profit forecasts, the annual dividend forecast remains at 60 yen per share, an increase of 5 yen from the previous year.

To enhance shareholder returns and capital efficiency, Nisshin Seifun Group also resolved to acquire up to 15 million shares of its own common stock, representing 5.18% of outstanding shares (excluding treasury shares), for a total acquisition cost not exceeding 20 billion yen. The acquisition period is from November 5, 2025, to June 23, 2026.