Nissin raises revenue 9.5% to ¥408,739 million in first half
Key Facts
Nissin Foods Holdings reported revenue of ¥408,739 million for the six months ended September 30, 2026, up 9.5% year on year, while diluted earnings per share were ¥76.25. The company announced its first-half fiscal 2027 results on November 11 and said its interim financial statements were prepared in accordance with International Financial Reporting Standards and had not been audited. Core operating profit, a key measure used by the company, rose 4.9% to ¥36,514 million. Operating profit also increased 3.0% to ¥32,763 million. By contrast, profit attributable to owners of the parent fell 2.5% to ¥22,040 million, with the results showing growth in sales and core operating profit against a decline in net profit.
Comparison with the corresponding period highlights the improvement in revenue, which rose from ¥373,240 million in the first half of the previous fiscal year. Core operating profit increased from ¥34,805 million, while operating profit rose from ¥31,821 million. But diluted earnings per share fell from ¥77.45 to ¥76.25, while basic earnings per share declined from ¥77.97 to ¥76.76. Profit before tax was ¥33,478 million, compared with ¥33,303 million a year earlier. Finance costs rose to ¥2,238 million from ¥999 million, alongside a decline in cash flow from operating activities to ¥27,173 million from ¥34,660 million.
At constant exchange rates, revenue was ¥392,202 million, up 5.1% year on year, compared with reported growth of 9.5%. On the same basis, core operating profit rose 0.2% to ¥34,863 million, versus an increase of 4.9% in the reported results. The comparison shows that currency effects accompanied the rise in reported revenue and core profit during the period. Still, sales growth remained positive after excluding exchange-rate changes. Core profit growth at constant rates was limited, compared with the increase reported in the results.
By region, the Americas recorded revenue of ¥89,352 million, up 20.1% from the same period a year earlier. Revenue in China, including Hong Kong, was ¥41,822 million, up 16.6%. By product category, revenue from confectionery and snacks increased 13.1% to ¥53,363 million. By contrast, revenue from chilled and frozen foods and beverages fell 0.9% to ¥51,765 million. The figures show differing performance across regions and businesses, with the markets and the confectionery and snacks category cited recording faster growth than chilled and frozen foods and beverages.
Nissin maintained its forecast for the fiscal year ending March 31, 2027, projecting revenue of ¥860,000 million and core operating profit of ¥73,500 million. It also kept its diluted earnings-per-share forecast range at ¥159 to ¥167. The company said its annual forecast was unchanged from its latest published estimate. Its dividend forecast also remained at ¥35 per share at fiscal year-end and ¥70 per share for the full year. The company scheduled payment of the interim dividend for November 30, 2026.
As of September 30, 2026, the group’s total assets stood at ¥1,008,861 million, compared with ¥981,195 million on March 31, 2026. Equity attributable to owners of the parent rose to ¥534,222 million from ¥517,168 million at the end of the previous fiscal year. These figures place the group’s financial position at the close of the first half in the context of its operating results and annual forecast. The period’s results combine higher revenue and operating profit with lower profit attributable to shareholders and diluted earnings per share. The company is scheduled to pay the interim dividend on November 30, while its annual forecast runs through the end of March 2027.