Nagano Keiki (7715) Q1 2025 earnings summary

Executive summary

• Q1 FY 03/2025 saw net sales rise 3.9% year-over-year to ¥16,921 million, with operating profit up 1.3% to ¥1,733 million and profit attributable to owners up 12.1% to ¥1,452 million.

• Pressure gauge and pressure sensor sales increased, especially in the process, pneumatics, and semiconductor industries, with notable growth in U.S. pressure sensor sales for industrial machinery.

• The company is in the second year of its medium-term plan, focusing on profitability and business structure reforms.

Financial highlights

• Net sales: ¥16,921 million (up 3.9% YoY); operating profit: ¥1,733 million (up 1.3% YoY); ordinary profit: ¥1,852 million (down 6.2% YoY); profit attributable to owners: ¥1,452 million (up 12.1% YoY).

• Gross profit increased by ¥360 million YoY, offset by higher COGS and SG&A expenses.

• Equity-to-asset ratio improved to 55.8% as of June 30, 2024.

Outlook and guidance

• Full-year FY 03/2025 forecast: net sales ¥70,700 million (up 4.1% YoY), operating profit ¥7,750 million (up 8.4% YoY), profit attributable to owners ¥5,500 million (up 1.7% YoY).

• No change to performance or dividend forecasts; annual dividend projected at ¥44 per share (¥22 interim, ¥22 final).