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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
NHK Spring
NHK Spring (5991) investor relations material
NHK Spring Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary12 Nov, 2025
Executive summary
Net sales for the first half of FY2025 rose 0.7% year-over-year to ¥393.9 billion, but operating and ordinary profits declined due to foreign exchange pressures, increased fixed costs, and one-time U.S. expenses.
Automotive market production volumes increased in North America and China, while Japan and Thailand saw marginal growth.
HDD suspension demand increased despite a global HDD production decline, with data center demand supporting growth.
Financial highlights
Net sales for 1H FY2025: ¥393.9 billion, up ¥2.7 billion year-over-year.
Operating profit: ¥18.5 billion, down 19.2% year-over-year but up ¥1.3 billion vs. May forecast.
Ordinary profit: ¥19.8 billion, down 26.5% year-over-year.
Profit attributable to owners: ¥13.9 billion, down 35.5% year-over-year.
Exchange rate fluctuations, higher costs, and one-time U.S. expenses were significant negative factors.
Outlook and guidance
FY2025 full-year net sales forecast: ¥800.0 billion, flat vs. previous year and May forecast.
Operating profit forecast: ¥47.0 billion, down ¥5.1 billion year-over-year.
Profit attributable to owners forecast: ¥40.0 billion, down ¥8.1 billion year-over-year.
U.S. tariffs expected to increase costs by ¥5.7 billion, with partial recovery factored in.
Segment forecasts revised: Suspension Spring and Disk Drive Suspension raised, Seating and Industrial Machinery lowered.
Why profit down despite market growth?
Automotive Seating strategy in China?
US tariff cost pass-through timeline?
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Next NHK Spring earnings date
Q3 202611 Feb, 2026
NHK Spring
Next NHK Spring earnings date
Q3 202611 Feb, 2026
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Frequently asked questions
NHK Spring Co., Ltd., also known as Nippon Hatsujō Kabushiki-gaisha or NHK Nippatsu, is a manufacturer in the automotive industry, specializing in a variety of components such as suspension springs and seats for automobiles. The company's product range extends beyond automotive parts to include suspension systems for disk read-and-write heads used in hard-disk drives, as well as industrial machinery & equipment and security solutions. NHK Spring is headquartered in Yokohama, Japan, and its shares are listed on the Tokyo Stock Exchange.
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