Nippon Seisen Co., Ltd. (TSE: 5659), a specialty maker of stainless steel wire, reported consolidated results for the first quarter of the year ending March 2027 (the three months ended June 30, 2026) under Japanese GAAP. Revenue rose 7.4% to ¥12,109 million, operating profit jumped 72.9% to ¥804 million, ordinary profit climbed 81.7% to ¥878 million, and net profit attributable to owners of the parent more than doubled, up 101.1% to ¥635 million. Basic earnings per share were ¥20.69, versus ¥10.30 a year earlier.
Semiconductor gas filters power the quarter
The standout driver was the metal fiber (Naslon) segment, where revenue rose 19.2% to ¥2,480 million. Within it, sales of NASclean ultra-precision gas filters — used to purify process gases in semiconductor manufacturing — surged 58.7% to ¥1,831 million, lifted by strong demand from AI and data-center chip production and from semiconductor-equipment makers. That more than offset a 29.9% decline in conventional Naslon filters to ¥648 million.
Stainless steel wire holds steady
The core stainless steel wire segment posted revenue up 4.7% to ¥9,629 million. Shipment volumes held roughly flat at about 2,900 tons per month (-0.3%), with ultrafine wire for multi-layer ceramic capacitors (MLCC) remaining steady. The London Metal Exchange nickel price averaged $8.23 per pound in the April–June 2026 quarter.
Balance sheet and outlook
Total assets stood at ¥58,470 million and net assets at ¥43,263 million, for a robust equity ratio of 72.8%. Management left its full-year guidance unchanged from the forecast issued on April 30, 2026: first-half revenue of ¥23,800 million and operating profit of ¥1,500 million; and full-year revenue of ¥49,700 million (+6.6%), operating profit of ¥3,900 million (+26.7%), ordinary profit of ¥3,900 million (+20.3%) and net profit of ¥2,800 million (+30.4%), with EPS of ¥91.17.
Dividend raised
Nippon Seisen forecasts an annual dividend of ¥46.00 per share for FY3/2027 — an interim ¥18.00 and a year-end ¥28.00 — up from ¥42.00 the previous year.
| Metric | Q1 FY3/2027 | Q1 FY3/2026 | YoY |
|---|---|---|---|
| Revenue (¥M) | 12,109 | 11,275 | +7.4% |
| Operating profit (¥M) | 804 | 464 | +72.9% |
| Ordinary profit (¥M) | 878 | 483 | +81.7% |
| Net profit attrib. (¥M) | 635 | 315 | +101.1% |
| Basic EPS (¥) | 20.69 | 10.30 | +100.9% |
| Annual dividend forecast (¥) | 46.00 | 42.00 | +9.5% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.