Nippon Carbon (5302) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were ¥7,958 million, a 5.7% decrease year-over-year.

• Operating profit declined 20.5% to ¥1,289 million compared to Q1 2024.

• Profit attributable to owners of parent dropped 30.5% to ¥674 million year-over-year.

• Comprehensive income fell sharply to ¥623 million from ¥2,198 million in the prior year period.

Financial highlights

• Gross profit for Q1 2025 was ¥2,518 million, down from ¥2,843 million in Q1 2024.

• Ordinary profit decreased 31.3% year-over-year to ¥1,209 million.

• Earnings per share for Q1 2025 were ¥60.96, down from ¥87.77 in Q1 2024.

• Total assets as of March 31, 2025 were ¥81,395 million, slightly down from ¥82,348 million at year-end 2024.

• Net assets stood at ¥60,143 million with an equity ratio of 63.2%.

Outlook and guidance

• Full-year 2025 net sales forecast is ¥40,000 million, up 5.4% year-over-year.

• Operating profit for the year is projected at ¥6,500 million, a 1.6% increase.

• Profit attributable to owners of parent is forecast at ¥4,100 million, up 0.5% year-over-year.

• Full-year EPS is expected to be ¥370.91.

• Annual dividend forecast remains at ¥200 per share.