Nippon Seiki (7287) Q4 2025 earnings summary

Executive summary

• Sales for FYE March 31, 2025 rose to ¥316,397 million, driven by strong motorcycle instrument sales in ASEAN/India, new HUD launches in Europe, and yen depreciation.

• Operating profit increased 13.0% year-over-year to ¥9,584 million, supported by cost reductions and successful price negotiations.

• Profit attributable to owners of parent grew 15.5% year-over-year to ¥6,122 million, despite foreign exchange losses.

• Comprehensive income dropped sharply to ¥1,351 million from ¥26,223 million due to negative other comprehensive income, mainly from exchange differences and financial asset revaluations.

Financial highlights

• Sales revenue up 1.3% year-over-year; operating profit up 13.0%; profit before taxes down 32.9% due to non-operating factors.

• Gross profit increased to ¥46,339 million from ¥45,473 million year-over-year.

• Basic earnings per share rose to ¥104.88 from ¥88.04 year-over-year.

• Automotive components accounted for 80% of sales, with automobile instruments holding a high share.

• Honda's share of revenue increased, especially in North America.

Outlook and guidance

• FYE March 31, 2026 forecast: sales revenue to rise to ¥320,000 million (+1.1%), operating profit to ¥11,300 million (+17.9%), and profit attributable to owners to ¥8,000 million (+30.7%).

• Basic earnings per share forecasted at ¥139.47.

• Growth expected from motorcycle instruments in ASEAN/India and HUD in Europe; assumes a ¥1,500 million cost increase from US tariffs.

• Dividend to increase to ¥80/share; treasury stock repurchase up to ¥200 million.