Nichirei (2871) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, rose 4.5% year-over-year to ¥347.2 billion, with operating profit up 13.1% to ¥19.7 billion and profit attributable to owners of parent up 10.2% to ¥12.9 billion.

• Comprehensive income declined 28.7% year-over-year to ¥16.7 billion, mainly due to negative movements in other comprehensive income.

Financial highlights

• Gross profit increased to ¥63.3 billion from ¥57.6 billion year-over-year, while operating profit improved to ¥19.7 billion from ¥17.4 billion.

• Ordinary profit reached ¥20.6 billion, up from ¥18.2 billion year-over-year.

• EPS for the six months was ¥100.81, up from ¥91.55 in the prior year period.

• Total assets as of September 30, 2024, were ¥497.6 billion, with an equity ratio of 52.9%.

• Net cash provided by operating activities was ¥19.5 billion, down from ¥22.0 billion year-over-year.

Outlook and guidance

• Full-year forecast for FY ending March 31, 2025: net sales ¥700.0 billion, operating profit ¥40.5 billion, ordinary profit ¥41.2 billion, profit attributable to owners of parent ¥26.0 billion, and EPS ¥203.57.

• Dividend forecast revised upward to ¥92.00 per share (including a ¥10.00 special dividend).