Nichias (5393) investor relations material

Executive summary

• FY2025 Q3 net sales were ¥185,016 million, down 4.1% year-over-year, mainly due to weak demand in the Advanced Products Division.

• Operating income dropped 18.3% year-over-year to ¥25,310 million, and profit attributable to owners of the parent fell 8.0% to ¥21,206 million.

• Comprehensive income increased 3.0% year-over-year to ¥23,869 million.

Financial highlights

• Gross profit for FY2025 Q3 was ¥50,523 million, down from ¥53,848 million in the prior year.

• Basic earnings per share for FY2025 Q3 was ¥331.99, a 5.5% decrease year-over-year.

• Total assets as of December 31, 2025, were ¥291,886 million, up ¥2,841 million from March 31, 2025.

• Net assets increased to ¥226,077 million, with an equity ratio of 77.1%.

• Cash and cash equivalents at period end were ¥50,595 million, down ¥8,015 million from the previous fiscal year-end.

Outlook and guidance

• Full-year FY2025 forecast: net sales of ¥254,000 million (+1.0% year-over-year), operating income of ¥36,500 million (-8.1%), ordinary income of ¥36,500 million (-12.5%), and profit attributable to owners of the parent of ¥25,800 million (-19.6%).

• Basic earnings per share for the full year forecasted at ¥403.93.

• Dividend forecast for FY2025 is ¥164.00 per share.

• Maintenance demand in energy and industrial plants remains strong, while semiconductor-related demand is soft.

• Building materials segment expects improved profitability despite sales declines due to construction delays.