Nihon Nohyaku exceeds forecasts, boosts full-year outlook and dividends

Nihon Nohyaku Co., Ltd. significantly surpassed its consolidated financial forecasts for the six months ended September 30, 2025. Actual net sales were 47,710 million yen, slightly below the 48,000 million yen forecast, but operating profit soared to 4,687 million yen (forecast 3,100 million yen), ordinary profit to 4,661 million yen (forecast 2,800 million yen), and profit attributable to owners of parent to 3,372 million yen (forecast 2,000 million yen). This strong performance, attributed to increased overseas sales in North America and reduced selling, general, and administrative expenses, led to actual earnings per share of 43.09 yen versus a 25.56 yen forecast.

Consequently, the company revised its full-year consolidated financial forecast for the fiscal year ending March 31, 2026. Net sales are now projected at 109,300 million yen (up from 109,000 million yen), operating profit at 9,200 million yen (up from 8,500 million yen), ordinary profit at 8,000 million yen (up from 7,300 million yen), and profit attributable to owners of parent at 5,400 million yen (up from 5,000 million yen). Earnings per share are expected to reach 68.98 yen.

In line with the improved outlook and its progressive dividend policy, Nihon Nohyaku increased its year-end dividend forecast from 13.00 yen to 15.00 yen per share. Combined with the 12.00 yen per share interim dividend, the total annual dividend for the current fiscal year is now projected at 27.00 yen per share, with a dividend payout ratio of 39.1%.