NHK Spring (5991) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2025 rose 8.1% year-over-year to ¥193.8 billion, with operating profit up 146.2% to ¥12.2 billion.

• Ordinary profit increased 86.7% to ¥19.2 billion, and profit attributable to owners of parent surged 110.5% to ¥15.1 billion.

• Comprehensive income for the quarter was ¥16.8 billion, down from ¥20.8 billion in the prior year period.

Financial highlights

• Gross profit for Q1 FY2025 was ¥27.5 billion, up from ¥18.1 billion year-over-year.

• Earnings per share (basic) increased to ¥69.37 from ¥31.57 year-over-year.

• Total assets as of June 30, 2024, were ¥691.8 billion, with net assets at ¥421.2 billion.

• Shareholders' equity ratio stood at 58.5% at quarter-end.

Outlook and guidance

• Full-year FY2025 net sales forecast at ¥800 billion, up 4.3% year-over-year.

• Operating profit projected at ¥48 billion (+38.5%), ordinary profit at ¥55 billion (+15.0%), and profit attributable to owners of parent at ¥45 billion (+14.8%).

• Full-year EPS forecast raised to ¥208.93.

• Dividend forecast revised upward to ¥63 per share for FY2025.