Nippon Sanso Holdings Corporation

Nippon Sanso Holdings reported that for the first quarter of the fiscal year ending March 2027, revenue rose 14.9% year on year to 361.7 billion yen, operating profit climbed 42.1% to 64.7 billion yen, and net profit increased 54.0% to 43.7 billion yen. The company's own core operating profit rose 19.9% to 54.6 billion yen, and the gap in growth rates versus operating profit suggests the inclusion of one-off factors. According to the company, average exchange rates during the period moved from 143.75 yen to 160.72 yen per dollar, a 11.8% weakening of the yen, and from 165.13 yen to 186.13 yen per euro, a 12.7% weakening of the yen, which boosted revenue by roughly 26.9 billion yen overall and core operating profit by roughly 4.2 billion yen overall. For the full year, the company forecasts revenue of 1.38 trillion yen, operating profit of 215 billion yen, and net profit of 131 billion yen, with first-quarter results tracking ahead at 30.1% of the operating profit forecast and 33.4% of the net profit forecast. In the fiscal year ended March 2026, the regional breakdown was 406.2 billion yen in Japan, or 29.9% of the total, 360.5 billion yen in the United States, or 26.5%, 350.9 billion yen in Europe, or 25.8%, 208.4 billion yen in the Asia and Oceania gas business, or 15.3%, and 33.2 billion yen at Thermos, or 2.5%.