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An update from NHK Spring Co., Ltd. ( (JP:5991) ) is now available.
NHK Spring reported consolidated net sales of ¥816.9 billion for the year ended March 31, 2026, slightly above its prior forecast, but profits fell short as net income attributable to owners dropped to ¥27.9 billion. The shortfall was driven mainly by a ¥9.8 billion impairment on fixed assets at its Ina and Komagane plants and several overseas subsidiaries, as well as higher deferred tax liabilities, although management characterized these as one-off items with limited impact on the next fiscal year.
On a non-consolidated basis, the company’s performance improved compared with the previous year, with net sales rising 3.4% to ¥371.6 billion and net income climbing 32.8% to ¥42.6 billion, supported by foreign exchange gains and higher dividend income from group companies. Additional boosts came from gains on the return of assets from an employee retirement benefits trust and higher gains on sales of investment securities, partially offset by domestic asset impairments that do not significantly alter the group’s consolidated earnings profile.
More about NHK Spring Co., Ltd.
NHK Spring Co., Ltd. is a Japanese manufacturer listed on the Tokyo Stock Exchange Prime Market, operating in industrial components and machinery. The company supplies springs, industrial equipment and related products, serving automotive and industrial customers through domestic plants and overseas subsidiaries in markets such as Malaysia, Mexico and Hungary.
Average Trading Volume: 605,817
Technical Sentiment Signal: Buy
Current Market Cap: Yen586.5B
For a thorough assessment of 5991 stock, go to TipRanks’ Stock Analysis page.