Nitto Kohki (6151) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2024 were ¥6,694 million, down 5.3% year-over-year from ¥7,068 million.

• Operating profit decreased 16.5% year-over-year to ¥821 million.

• Profit attributable to owners of parent fell 8.5% year-over-year to ¥603 million.

• Earnings per share for the quarter were ¥32.18, compared to ¥33.13 in the prior year.

Financial highlights

• Gross profit for Q1 FY2024 was ¥3,284 million, down from ¥3,346 million year-over-year.

• Ordinary profit declined to ¥919 million from ¥1,037 million year-over-year.

• Comprehensive income for the quarter was ¥1,035 million, slightly down from ¥1,049 million year-over-year.

• Total assets as of June 30, 2024, were ¥65,563 million, up slightly from ¥65,478 million as of March 31, 2024.

• Equity ratio improved to 88.3% from 87.9% at the previous fiscal year-end.

Outlook and guidance

• Full-year FY2025 net sales forecast at ¥28,240 million, up 4.3% year-over-year.

• Operating profit for the full year projected at ¥3,060 million, up 3.4% year-over-year.

• Profit attributable to owners of parent expected to rise 8.3% to ¥2,220 million.

• Full-year EPS forecast at ¥117.37.

• Annual dividend forecast raised to ¥48.00 per share, up from ¥43.00 in the previous year.