Nitto Kohki (6151) Q4 2025 earnings summary

Executive summary

• FY2024 sales rose 0.7% year-over-year to 27.2 billion yen, driven by semiconductor equipment demand and overseas blower recovery.

• Operating profit fell 12.6% year-over-year to 2.3 billion yen due to higher cost of sales and product mix effects.

• Net income dropped 26.9% to 1.3 billion yen; comprehensive income decreased 26.0% year-over-year.

• Door Closers Business turned profitable on strong project orders; extraordinary losses recorded for subsidiary investigation and Linear Pumps impairment.

Financial highlights

• Gross profit margin declined to 44.5% from 45.5% year-over-year; gross profit was 12.1 billion yen.

• Operating profit margin declined to 8.6% from 9.9% year-over-year.

• Basic earnings per share fell to 71.86 yen from 93.49 year-over-year.

• Cash and cash equivalents at period end fell by 5.4 billion yen to 13.4 billion yen.

Outlook and guidance

• FY2025 sales forecasted to rise 7.5% year-over-year to 29.2 billion yen; operating profit expected to drop 74.4% to 0.6 billion yen due to new plant startup costs.

• Profit attributable to owners forecasted at 0.65 billion yen; EPS projected at 34.73 yen.

• Annual dividend planned at 40 yen per share, payout ratio of 115.2%.

• Interim forecast: net sales 13.6 billion yen, operating profit 240 million yen, EPS 13.89 yen.

• Medium-Term Plan targets FY2026 sales of 32 billion yen, operating profit of 3.5 billion yen, and EBITDA of 6.2 billion yen.