Nihon Nohyaku raises full-year forecast and dividend on strong results

Nihon Nohyaku Co., Ltd. reported a 21.9% increase in net sales to JPY 47,710 million for the six months ended September 30, 2025, significantly outperforming the previous forecast. Operating profit surged by 355.3% to JPY 4,687 million, with ordinary profit up 798.0% to JPY 4,661 million, driven by strong overseas sales and reduced expenses. Net income attributable to owners of parent rose 443.2% to JPY 3,372 million, resulting in basic earnings per share of JPY 43.09.

These robust results led the company to revise its full-year consolidated forecast for the fiscal year ending March 31, 2026. Net sales are now projected at JPY 109,300 million, operating profit at JPY 9,200 million, and ordinary profit at JPY 8,000 million. Profit attributable to owners of parent is expected to reach JPY 5,400 million, reflecting an 8.0% increase over the previous forecast.

Based on the improved outlook and its progressive dividend policy, Nihon Nohyaku revised its year-end dividend forecast from JPY 13.00 to JPY 15.00 per share. This brings the total annual dividend for the fiscal year ending March 31, 2026, to JPY 27.00 per share, with a projected payout ratio of 39.1%.