Nippon Carbon (5302) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2025, decreased by 2.6% year-over-year to ¥18,305 million, with operating profit down 23.1% to ¥2,609 million and ordinary profit down 27.9% to ¥2,722 million.

• Profit attributable to owners of parent was ¥2,296 million, nearly flat year-over-year, and earnings per share were ¥207.74.

Financial highlights

• Gross profit for the six months was ¥5,212 million, down from ¥5,926 million year-over-year.

• Comprehensive income attributable to owners of parent was ¥2,652 million, down from ¥3,411 million year-over-year.

• Cash and cash equivalents at the end of the period were ¥12,141 million, a decrease from ¥13,467 million at the end of the previous period.

Outlook and guidance

• Full-year net sales forecast revised downward to ¥36,400 million (down 9.0% from previous forecast), with operating profit forecast at ¥4,800 million (down 26.2%).

• Profit attributable to owners of parent is now expected to be ¥5,900 million, up 43.9% from the previous forecast, mainly due to anticipated gains on sale of investment securities.

• Earnings per share for the full year are forecast at ¥533.61.