Nihon Dengi (1723) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 2024 were ¥14,987 million, a 3.8% decrease year-over-year due to fewer large redevelopment projects in the Tokyo area.

• Operating income rose 32.6% year-over-year to ¥2,318 million, with profits reaching record first-half levels.

• Net profit attributable to owners of parent increased 33.3% year-over-year to ¥1,646 million.

Financial highlights

• Gross profit increased to ¥6,022 million from ¥5,100 million year-over-year.

• Ordinary profit rose 32.1% year-over-year to ¥2,409 million.

• Earnings per share for the period were ¥206.85, up from ¥154.50 year-over-year.

• Comprehensive income for the period was ¥1,743 million, up from ¥1,549 million year-over-year.

Outlook and guidance

• Full-year forecasts for FY2025 were revised upward: net sales expected at ¥42,500 million, operating income at ¥7,500 million, and net profit at ¥5,300 million.

• ROE forecast raised to 14.6%; annual dividend per share (pre-split) forecast at ¥230.

• A 2-for-1 stock split is scheduled for January 1, 2025.

• Forecasted full-year EPS is ¥332.85.