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Nissin Foods Holdings Posts 18.3% Net Profit Rise to 13.275 Billion Yen in Q1 of Fiscal Year Ending March 2027
Nissin Foods Holdings reported on August 4 its consolidated results for the first quarter (April-June) of the fiscal year ending March 2027, posting sharp gains in both revenue and profit: revenue of 194.665 billion yen (up 10.0% year on year), operating profit of 17.961 billion yen (up 13.4%), and net profit of 13.275 billion yen (up 18.3%). Earnings per share rose to 46.24 yen from 38.37 yen a year earlier, an increase of about 20%. By segment, the flagship Nissin Foods brand in domestic instant noodles recorded revenue of 53.171 billion yen (up 0.4%) and operating profit of 8.304 billion yen (up 9.8%), generating more than 46% of the group's 17.961 billion yen in consolidated operating profit and remaining the largest profit driver. The April price revision and strong sales of Cup Noodles, Donbei, and U.F.O. supported the profit increase. Within instant noodles, the Myojo Foods segment saw revenue rise 6.2% to 12.355 billion yen, but higher raw material costs pushed operating profit down 5.6% to 1.243 billion yen. Overseas, the Americas region posted revenue of 42.527 billion yen (up 27.4%) and China revenue of 18.994 billion yen (up 13.8%). For the full year, the company forecast revenue of 860 billion yen (up 9.1% from the previous year) as a single figure, with operating profit of 66 billion to 69.5 billion yen and net profit of 45.5 billion to 48 billion yen given as ranges. There was no change to these forecasts as of the first quarter. The annual dividend forecast is 70 yen per share, unchanged from the previous year. For shareholder benefits with a record date of September 30, holders of at least 900 but fewer than 3,000 shares will receive 6,000 yen worth of benefits and those with 3,000 shares or more will receive 7,500 yen worth, each twice a year, while holders of at least 100 but fewer than 300 shares and those with at least 300 but fewer than 900 shares receive benefits only once a year at the end of March, meaning they are not eligible for the September distribution.