Niitaka (4465) Q2 2025 earnings summary

Executive summary

• Revenue/net sales for the six months ended November 30, 2024, rose 4.1% year-over-year to ¥11,691 million, with operating profit up 39.3% to ¥878 million.

• Net income attributable to shareholders surged 405.9% year-over-year to ¥608 million, mainly due to the absence of prior-year special losses.

• Ordinary profit increased 45.0% year-over-year to ¥905 million.

• Comprehensive income for the period reached ¥588 million, up from ¥222 million in the prior year.

• Operating profit margin improved from 5.6% to 7.5% compared to the same quarter last year.

Financial highlights

• Gross profit increased to ¥4,287 million from ¥3,978 million year-over-year.

• Earnings per share rose to ¥103.03 from ¥20.37 year-over-year.

• Total assets grew to ¥23,294 million as of November 30, 2024, from ¥22,741 million at the previous fiscal year-end.

• Net assets increased to ¥13,843 million, with an equity ratio of 59.4%.

• Gross margin improved as cost of sales ratio decreased by 1.2 points year-over-year.

Outlook and guidance

• Full-year revenue/net sales forecast remains at ¥23,500 million, up 3.3% year-over-year.

• Net income guidance raised to ¥1,560 million (+121.0% year-over-year) due to expected special gains from a subsidiary share transfer.

• Operating profit projected at ¥1,500 million, ordinary profit at ¥1,530 million.

• Full-year earnings per share forecast at ¥264.25.

• Dividend forecast increased to ¥80 per share, reflecting the upward revision in net income.