Nagano Keiki (7715) Q4 2025 earnings summary

Executive summary

• Achieved record high net sales, operating profit, ordinary profit, and net profit for FY03/2025, driven by strong performance in industrial machinery and process industries within the pressure gauge segment and yen depreciation boosting overseas subsidiary results.

• Operating profit increased 7.0% to ¥7,653 million, and profit attributable to owners of parent grew 11.9% to ¥6,054 million, aided by gains on sale of investment securities and business divestitures.

• Pressure sensors saw declines in both sales and profit due to inventory adjustments in the semiconductor industry.

• Comprehensive income declined 37.6% year-over-year to ¥4,979 million due to negative valuation differences on available-for-sale securities.

Financial highlights

• Net sales rose 2.4% year-over-year to ¥69,544 million; operating profit increased 7.0% to ¥7,653 million.

• Ordinary profit up 2.5% to ¥7,575 million; profit attributable to owners up 11.9% to ¥6,054 million.

• Gross profit improved to ¥22,218 million from ¥21,351 million year-over-year.

• Operating profit margin improved to 11.0% from 10.5% year-over-year.

• Dividend per share for FY2025 was ¥48.00, including a ¥4 special dividend.

Outlook and guidance

• FY03/2026 forecast: net sales ¥67,100 million (down 3.5%), operating profit ¥6,800 million (down 11.1%), ordinary profit ¥6,900 million (down 8.9%), and profit attributable to owners ¥5,100 million (down 15.8%).

• Dividend forecast for FY03/2026 remains at ¥48 per share.

• Anticipates continued cost pressures from logistics, materials, and utilities, and potential negative impact from yen appreciation and U.S. tariff policy.

• Semiconductor industry expected to recover in 2026 after current inventory adjustment phase.