Nichias (5393) Q3 2025 earnings summary

Executive summary

• FY2024 Q3 net sales rose 4.2% year-over-year to ¥192,933 million, with full-year forecast at ¥253,000 million, up 1.4% year-over-year.

• Operating income for Q3 increased 21.4% year-over-year to ¥30,963 million; full-year forecast is ¥39,500 million, up 12.2%.

• Profit attributable to owners for Q3 was ¥23,052 million, up 17.1% year-over-year; full-year forecast is ¥29,300 million, up 8.7%.

• The Japanese economy showed moderate recovery, with robust demand in certain industrial sectors and continued US growth, while China remained sluggish.

Financial highlights

• Basic earnings per share for Q3 reached ¥351.49, up from ¥296.70 year-over-year; full-year forecast is ¥445.90.

• Dividend per share for Q3 is ¥52, with a full-year forecast of ¥108, both up from the previous year.

• Operating margin improved to 16.0% in Q3, with a full-year forecast of 15.6%.

• Gross profit increased to ¥53,848 million from ¥47,582 million year-over-year.

• Ordinary income rose 18.4% year-over-year to ¥33,272 million.

Outlook and guidance

• Full-year FY2024 forecast remains unchanged: net sales ¥253,000 million, operating income ¥39,500 million, ordinary income ¥42,500 million, profit attributable to owners ¥29,300 million, and EPS ¥445.90.

• Maintenance demand for nuclear, petroleum, and petrochemical plants remains strong.

• Semiconductor demand for AI continues to drive advanced products segment.

• Building materials segment faces construction delays but maintains strong fireproof material demand.