Nippon Chemical Industrial (4092) Q1 2025 earnings summary

Executive summary

• Net sales rose 16.2% year-over-year to ¥10,379 million in the first quarter of FY March 2025.

• Operating profit surged 382.5% year-over-year to ¥1,688 million, with operating margin improving to 16.3% from 3.9%.

• Ordinary profit increased 286.5% year-over-year to ¥1,741 million.

• Profit attributable to owners of parent increased 334.8% year-over-year to ¥1,252 million.

• EBITDA doubled to ¥2,623 million, up 102.5% year-over-year.

Financial highlights

• Earnings per share jumped to ¥141.94 from ¥32.68 year-over-year.

• Shareholders' equity increased by ¥944 million to ¥40,562 million as of June 2024.

• Equity ratio stood at 60.2% at quarter-end, up from 58.9% at the previous fiscal year-end.

• Gross profit increased to ¥3,047 million from ¥1,661 million year-over-year.

• Total assets grew to ¥77,141 million as of June 30, 2024.

Outlook and guidance

• FY March 2025 net sales forecast at ¥40,000 million, up 3.8% from FY March 2024.

• Operating profit projected to rise 28.1% to ¥2,900 million for the full year.

• Profit attributable to owners of parent expected to reach ¥2,000 million, up 25.7% year-over-year.

• Annual dividend forecast maintained at ¥70 per share.

• No changes to previously announced projections as of August 2024.