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Nichiha Corporation ( (JP:7943) ) has provided an update.
Nichiha Corporation reported consolidated net sales of ¥143.7 billion for the fiscal year ended March 31, 2026, down 3.2% year on year, but operating profit surged 34.6% to ¥9.36 billion and ordinary profit rose 41.3%, indicating improved profitability despite weaker top-line growth. Profit attributable to owners of parent declined 8.1% to ¥2.49 billion, while total assets and cash balances decreased modestly, yet the equity ratio improved to 72.2%, suggesting a stronger balance sheet.
The company maintained its annual dividend at ¥114 per share, resulting in a high payout ratio above 150%, signaling a continued commitment to shareholder returns even as earnings softened. For the fiscal year ending March 31, 2027, Nichiha forecasts a further slight decline in net sales to ¥141.0 billion but expects operating profit to edge up and profit attributable to owners of parent to more than triple to ¥8.0 billion, implying a sharp earnings recovery and a normalized payout ratio, which could support its market positioning in the construction materials sector.
More about Nichiha Corporation
Nichiha Corporation is a Japan-based manufacturer in the building materials industry, best known for its fiber cement siding and exterior wall products used in residential and non-residential construction. Listed on the Tokyo and Nagoya stock exchanges, the company primarily serves the domestic construction market while also targeting broader demand for durable, design-oriented exterior materials.
Average Trading Volume: 74,289
Technical Sentiment Signal: Buy
Current Market Cap: Yen108.6B
See more insights into 7943 stock on TipRanks’ Stock Analysis page.