Narasaki Sangyo (8085) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 2024 increased 2.4% year-over-year to ¥49,396 million, driven by steady demand in construction and energy-related sectors.

• Operating profit declined 20.1% year-over-year to ¥970 million due to higher SG&A expenses, including wage revisions and HQ relocation costs.

• Net income attributable to shareholders fell 21.6% year-over-year to ¥657 million.

Financial highlights

• Gross profit was ¥5,357 million, up slightly from ¥5,311 million year-over-year.

• Operating margin decreased to 2.0% from 2.5% year-over-year.

• EPS for the period was ¥130.21, down from ¥167.25 in the prior year.

• Comprehensive income dropped 63.0% year-over-year to ¥358 million.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥110,000 million, with operating profit projected at ¥3,200 million and net income at ¥2,200 million.

• Annual dividend forecast is ¥105 per share, unchanged from previous guidance.