Nifco (7988) Q3 2025 earnings summary

Executive summary

• Q3 operating profit margin exceeded 14%, with both cumulative OP and OP margin at record highs due to subsidiary transfer and variable cost control.

• Net income and EPS saw significant quarter-on-quarter increases, supported by strong North America business and yen depreciation.

• Net sales for the nine months ended December 31, 2024, were ¥264,020 million, down 3.6% year-over-year.

• Operating profit was ¥37,862 million, up 20.1% year-over-year.

• Profit attributable to owners of parent rose 19.3% to ¥27,919 million.

Financial highlights

• Q3 net sales: ¥87.8bn, down 7.5% year-over-year; operating profit: ¥12.7bn, up 17.5% year-over-year.

• Q3 OP margin: 14.5%, up 3.1pts year-over-year; cumulative 3Q OP margin: 14.3%.

• Q3 net income: ¥12.5bn, up 106.2% year-over-year; EPS: ¥129.87, up 112.8% year-over-year.

• Net assets ratio improved to 69.3% from 64.1% at the previous fiscal year-end.

• Net assets per share rose to ¥2,627.41 from ¥2,455.97.

Outlook and guidance

• Full-year sales forecast revised up to ¥351.0bn (+3.2% vs. original plan), operating profit to ¥48.0bn (+6.7%).

• Net income guidance raised to ¥33.0bn (+26.4% vs. original plan); EPS forecast at ¥340.16.

• Full-year net sales forecast revised to ¥351,000 million, up 5.6% year-over-year.

• Operating profit forecast at ¥48,000 million, up 9.3% year-over-year.

• Dividend forecast raised to ¥75.00 per share for FY2024.