NOF (4403) Q1 2025 earnings summary

Executive summary

• Net sales rose 11.9% year-over-year to ¥55,110 million for the quarter ended June 30, 2024, with operating profit up 31.5% to ¥13,533 million and profit attributable to owners of parent up 22.6% to ¥11,047 million.

• The company continued to execute its 2025 Mid-Term Management Plan, focusing on market expansion, new product development, productivity, safety, and CSR.

Financial highlights

• Gross profit increased to ¥22,880 million from ¥19,225 million year-over-year; ordinary profit rose 23.8% to ¥15,160 million.

• Basic earnings per share were ¥46.30, reflecting a 3-for-1 share split effective April 1, 2024.

• Total assets reached ¥345,830 million, up ¥4,381 million from March 31, 2024; net assets increased to ¥271,604 million.

• Cash and deposits increased by ¥543 million; inventories rose by ¥6,526 million; trade receivables decreased by ¥4,661 million.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥232,000 million (+4.4% YoY), operating profit of ¥40,500 million (-3.9%), and profit attributable to owners of parent of ¥33,000 million (-2.9%).

• Annual dividend forecast is ¥40.00 per share post-split.