Nichias (5393) Q4 2026 earnings summary

Executive summary

• FY2025 saw improved earnings in Auto parts and Building materials amid market uncertainty.

• Net sales for FY2025 were ¥251.9 billion, with operating income at ¥37.0 billion.

• Profit attributable to owners of parent was ¥31.6 billion, up 22.6% year-over-year.

• Comprehensive income rose 29.3% to ¥39,573 million, driven by gains in other comprehensive income.

• A 3-for-1 stock split was implemented effective April 1, 2026.

Financial highlights

• Net sales decreased 1.8% year-over-year to ¥251.9 billion in FY2025.

• Operating income declined 6.8% to ¥37.0 billion, with a margin of 14.7%.

• Ordinary income was ¥39.4 billion, up 7.9% year-over-year.

• Basic earnings per share increased to ¥165.59, reflecting the stock split adjustment.

• Equity ratio improved to 77.7% in FY2025.

Outlook and guidance

• FY2026 projects record-high results, supported by semiconductor market recovery.

• FY2026 net sales forecast: ¥270.0 billion (+7.2%), operating income ¥45.0 billion (+21.6%), profit attributable to owners of parent ¥32.0 billion.

• Operating profit margin expected to reach 16.7% in FY2026.

• Dividend for FY2026 set at ¥65 per share (including commemorative dividend), with share buybacks up to ¥5.0 billion.

• Dividend payout ratio increased to 38.8% for FY2026 forecast.