Nichias (5393) Q2 2025 earnings summary

Executive summary

• FY2024 H1 net sales reached ¥126.7 billion, up 6% year-over-year, with operating income at ¥19.9 billion, a 27% increase year-over-year.

• Profit attributable to owners was ¥14.5 billion, up 11% year-over-year, and basic EPS rose 12% to ¥220.04.

• Cash and cash equivalents at the end of H1 FY2024 rose by ¥5,906 million to ¥61,481 million.

Financial highlights

• Operating margin improved to 15.7% in H1 FY2024 from 13.1% in H1 FY2023.

• Ordinary income increased 12% year-over-year to ¥20.6 billion in H1 FY2024.

• Gross profit for H1 FY2024 was ¥35,085 million, up from ¥29,891 million in H1 FY2023.

• Dividend per share for H1 FY2024 is ¥52, with a projected full-year dividend of ¥108.

• Net assets rose to ¥212,543 million, with an equity ratio of 72.9% as of September 30, 2024.

Outlook and guidance

• Full-year FY2024 net sales forecast at ¥253.0 billion, up 1% year-over-year.

• Operating income projected to rise 12% to ¥39.5 billion, with profit attributable to owners up 9% to ¥29.3 billion.

• Basic EPS forecasted to increase 10% to ¥445.90 for the full year.

• Dividend forecast revised upward to ¥108.00 per share for FY2024.