Nippon Seisen Reports Lower Revenue and Profits for FY2026

Nippon Seisen Co.,Ltd. [5659.T]

TOKYO, Apr 30 (Pulse News Wire) – Nippon Seisen CO.,LTD. (5659.T) reported lower revenue and profits for the fiscal year ended March 31, 2026.

Revenue was ¥46.60 billion compared to ¥46.75 billion in the previous fiscal year, marking a decrease of 0.3%. Operating profit declined to ¥3.077 billion, down from ¥4.5 million, while net income dropped to ¥2.147 billion from -¥25.4 million. The company attributed the decline primarily to reduced demand for products used in solar panel manufacturing processes, particularly screen printing mesh materials. Despite challenges, high-functionality and unique product lines showed resilience, contributing positively to sales volumes.

Additionally, the company dissolved its Chinese subsidiary due to deteriorating economic conditions and changing operating environments, resulting in special losses amounting to 2 billion yen. For the next fiscal year ending March 31, 2027, Nippon Seisen forecasts revenue growth of ¥49.70 billion, with operating profit expected to rise by ¥6.6 million%, and net income projected to increase by ¥20.3 million%. The company's capital structure remained robust, with total assets standing at 567 billion yen, up 8 billion yen from the prior year-end. Cash and cash equivalents decreased slightly to 159 billion yen.

Nippon Seisen plans to hold its annual shareholders meeting on June 26, 2026, and expects dividend payments to commence on June 29, 2026.

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