Nissin Foods Reports Q1 Earnings Shortfall with 28% Drop in Operating Income

Nissin Foods Holdings Reports Disappointing Q1 Results with Significant Declines in Profitability In the first quarter, Nissin Foods recorded an operating income of 15.84 billion yen, marking a 28% decrease compared to the same period last year. This figure fell short of analysts' expectations, which estimated 21.46 billion yen. The company's net income for the quarter stood at 11.22 billion yen, a 29% decline year-over-year and below the anticipated 14.65 billion yen. Total net sales amounted to 177.03 billion yen, representing a 4.3% decrease from the previous year, and did not meet the forecasted 183.97 billion yen. Looking ahead to 2026, Nissin Foods projects operating income between 75.60 billion and 79.60 billion yen, closely aligning with the estimate of 78.33 billion yen. The company also anticipates net income in the range of 53.00 to 56.00 billion yen, near the estimated 55.72 billion yen, and net sales around 810 billion yen, slightly above the forecast of 804.12 billion yen. Dividend payouts are expected to be 70 yen per share, slightly below the estimated 74.58 yen. The company's investment ratings remain balanced with six buy recommendations and six hold ratings, w...