Niitaka (4465) Q4 2025 earnings summary

Executive summary

• Revenue increased 4.3% year-over-year to ¥23,714 million, driven by strong detergent sales and subsidiary contributions, resulting in a 30.4% rise in operating profit and a 155.8% surge in net profit attributable to shareholders.

• One-time gains from retirement benefit actuarial differences (+¥279M) and sale of Chinese subsidiary stake (+¥724M) boosted net profit.

Financial highlights

• Gross profit rose 6.1% to ¥8,634 million, with gross margin and operating margin improving to 8.1% from 6.5% year-over-year.

• EPS increased to ¥305.84 from ¥119.58 year-over-year.

• Comprehensive income reached ¥1,737 million, up from ¥829 million year-over-year.

Outlook and guidance

• FY2026 revenue is forecast to grow 5.4% to ¥25,000 million, but operating profit is expected to decline 11.7% to ¥1,700 million due to the absence of one-time gains; EPS is forecast to drop to ¥186.33.

• Excluding special factors, underlying operating profit is projected to increase, supported by sales growth and cost reductions.

• Annual dividend for FY2026 planned at ¥76 per share, with a shift to a DOE-based policy (3%+), and a projected payout ratio of 40.8%.