Naikai Zosen Corporation Reports Q3 FY2026 Earnings Presentation

Source disclosure: February 04, 2026

Naikai Zosen Corporation [7018.T]

TOKYO — Naikai Zosen Corporation, listed on the Tokyo Stock Exchange under code number 7018, reported its third quarter earnings for the fiscal year ending March 2026 on February 4, 2026. The company's consolidated results for the period from April 1, 2025 to December 31, 2025, showed a slight decrease in sales revenue but significant improvements in profitability metrics.

For the three-month period ended December 31, 2025, Naikai Zosen recorded consolidated sales of ¥32.994 billion, marking a decline of 5.2% compared to the same period last year when sales were ¥34.788 billion. Despite this drop, the company experienced robust growth in operating income and ordinary income, which increased by 92.2% and 126.2%, respectively, reaching ¥2.307 billion and ¥2.264 billion. This substantial improvement was reflected in net income attributable to shareholders of the parent company, which rose by 77.7% to ¥1.571 billion from ¥884 million in the corresponding period of the previous fiscal year.

The company’s balance sheet as of December 31, 2025, indicated total assets of ¥39.729 billion and equity of ¥12.490 billion, resulting in an improved capital adequacy ratio of 31.4%. These figures represent a reduction in both total assets and equity compared to the end of the third quarter of the prior fiscal year, where 486 billion and equity at ¥10.857 billion, leading to a lower capital adequacy ratio of 25.6%.

Regarding dividends, Naikai Zosen did not declare any interim dividends during the first two quarters of the current fiscal year. However, it is expected that a dividend of ¥100 per share will be paid out at the end of the third quarter, bringing the annual dividend to ¥100 per share. This represents a significant increase from the previous fiscal year, where only a final dividend of ¥40 per share was declared.

Looking ahead, Naikai Zosen has revised its full-year forecast for the fiscal year ending March 2026. The company now anticipates consolidated sales of ¥46.5 billion, representing a 4.1% increase over the previous fiscal year. Additionally, the outlook for operating profit, ordinary profit, and net profit attributable to shareholders of the parent company is projected to rise significantly by 83.7%, 108.0%, and 96.5%, respectively, to ¥2.6 billion, ¥2.45 billion, and ¥2.0 billion. On a per-share basis, the company expects to report a net profit of ¥1,180 per share, up from the previous forecast.

These projections are based on information currently available and certain assumptions deemed reasonable by management. While these forecasts provide guidance, they do not constitute guarantees of performance. Actual results could differ materially due to various factors. Investors should refer to page 3 of the attached documents for detailed explanations regarding the underlying conditions and considerations associated with the company's forward-looking statements.

Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.