NOK (7240) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2025 were ¥171,866 million, down 8.7% year-over-year, with operating income rising 23.9% to ¥7,002 million and profit attributable to owners of parent falling 18.3% to ¥5,729 million.

• Operating income increased due to higher sales in the Seal business and successful price revisions, but ordinary income and net profit declined due to foreign exchange losses.

Financial highlights

• Gross profit for Q1 FY2025 was ¥31,329 million, up from ¥30,184 million year-over-year.

• Ordinary income dropped 28.3% year-over-year to ¥8,625 million, mainly due to foreign exchange losses.

• Net income per share was ¥35.11, down from ¥42.62 in Q1 FY2024.

• Comprehensive income decreased sharply to ¥7,710 million from ¥18,906 million year-over-year.

Outlook and guidance

• Full-year FY2025 net sales forecast is ¥707,100 million (down 7.8% year-over-year), with operating income projected at ¥37,700 million (up 1.2%) and profit attributable to owners of parent at ¥36,500 million (up 20.4%).

• No changes to previously announced financial projections.