Nippn (2001) Q4 2025 earnings summary

Executive summary

• FY2025 saw record highs in net sales, operating income, and ordinary income, driven by demand recovery, price revisions, and strong marketing for key brands, with net sales rising 2.6% year-over-year to ¥410,878 million.

• Operating income increased 5.6% to ¥21,486 million, and ordinary income rose 4.8% to ¥24,393 million, despite higher personnel and logistics costs.

• Profit attributable to owners of parent declined 6.1% to ¥24,757 million due to increased costs and lower gains on asset sales.

• Major developments included the establishment of NIPPN Vietnam, acquisition of HATANAKA FOODS, and ongoing construction of a new flour mill in Chita City.

• Strategic focus remains on expanding the Frozen Food and Overseas Businesses as growth drivers toward the Long-term Vision 2030.

Financial highlights

• FY2025 net sales rose 2.6% year-over-year to ¥410.9 billion, with operating income up 5.6% to ¥21.5 billion.

• Gross profit increased to ¥99,590 million from ¥94,000 million year-over-year.

• Comprehensive income dropped 40% to ¥23,779 million.

• Net assets per share rose to ¥3,102.27, and equity ratio improved to 60.7%.

• Cash and cash equivalents at year-end were ¥41,471 million, up ¥743 million.

Outlook and guidance

• FY2026 net sales are projected at ¥424.0 billion (+3.2% YoY), with operating income at ¥21.5 billion (+0.1% YoY), and ordinary income up 0.4% to ¥24,500 million.

• Profit attributable to owners of parent is forecast to decrease 18.4% to ¥20.2 billion, reflecting higher depreciation and costs.

• Medium-term targets for FY2027: sales of ¥450,000 million, operating income of ¥21,000 million, ROE ≥8%, ROIC ≥5%.

• Annual dividend of ¥66 per share planned for FY2026, same as FY2025.

• Flour Milling segment sales and income are expected to decline due to price revisions and increased depreciation from new mill operations.