Nisshinbo Holdings Inc.

Nisshinbo Holdings reported a 64.4% year-on-year increase in operating profit for the first half of fiscal year ending December 2026, reaching 30.2 billion yen, surpassing its full-year forecast of 21 billion yen. Revenue rose 7.0% to 272.4 billion yen, ordinary profit increased 71.0% to 32.5 billion yen, and interim net profit grew 87.8% to 21.5 billion yen. The main driver of revenue growth was the wireless and communications business, while the real estate business saw declines in both revenue and profit. After the earnings announcement on August 6, the stock price rose to 2,495 yen, but subsequently fell back, and by August 26 it had returned to 2,131 yen, nearly the same level as a month earlier. The company kept its full-year forecast unchanged, implying that while first-half results exceeded the full-year forecast, it expects an operating loss in the second half. The P/E ratio is high at 33.28 times, but this is based on a conservative full-year forecast, while the P/B ratio of 1.05 times suggests the stock is undervalued.