Nifco (7988) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2024 were ¥86,139 million, down 2.1% year-over-year, mainly due to decreased sales in Japan and business transfers in Europe and the US.

• Operating profit rose 17.2% year-over-year to ¥11,889 million, driven by business transfers and cost reductions.

• Ordinary profit increased 5.5% year-over-year to ¥14,145 million, aided by foreign exchange gains from a weaker yen.

• Profit attributable to owners of parent fell 9.1% year-over-year to ¥8,842 million due to higher income taxes.

Financial highlights

• Comprehensive income for Q1 FY2024 was ¥15,975 million, up 42.1% year-over-year.

• Total assets decreased to ¥365,314 million from ¥380,405 million at the previous fiscal year-end.

• Net assets increased to ¥252,807 million, with a net assets ratio of 68.4%.

• Basic EPS for Q1 FY2024 was ¥89.97.

Outlook and guidance

• FY2024 full-year forecast remains unchanged: net sales ¥340,000 million (down 8.5% year-over-year), operating profit ¥45,000 million (up 2.4%), ordinary profit ¥44,200 million (down 11.0%), profit attributable to owners of parent ¥26,100 million (up 43.0%), and basic EPS ¥262.05.