Nippon Sanso reports modest declines in Q1 amid weaker volumes
Global industrial gases producer Nippon Sanso Holdings (NSHD) posted consolidated revenue of ¥314.8bn in the first quarter of its 2026 fiscal year, down 4.4% year-on-year. Using the end-July exchange rate of around ¥1 = $0.0067, this equates to approximately $2.11bn.
Core operating income fell 5.7% to ¥45.6bn, around $305m, while operating income decreased 5.1% to ¥45.5bn, also about $305m. Net income attributable to owners of the parent declined 2.4% to ¥28.4bn, equivalent to roughly $190m.
Group shipment volumes for industrial, electronic and medical gases declined compared with the same period last year. The company said continued price discipline and productivity measures helped mitigate some of the impact of weaker demand.
In Japan, gas shipments including air separation gases were lower, but price management and reduced electricity costs supported segment income. Electronics-related equipment sales increased due to medium and large projects, while sales of gas-related equipment declined.
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