Nippon Information Development (2349) Q1 2025 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2024, rose 11.8% year-over-year to ¥5,607 million, with operating profit up 11.8% to ¥564 million and ordinary profit up 22.2% to ¥706 million.

• Profit attributable to owners of parent increased 18.4% year-over-year to ¥453 million, and basic earnings per share rose to ¥41.50 from ¥34.47.

Financial highlights

• Gross profit increased to ¥1,211 million from ¥1,131 million year-over-year, while selling, general, and administrative expenses rose to ¥646 million.

• Non-operating income surged to ¥171 million from ¥77 million, mainly due to higher dividend income.

• Total assets as of June 30, 2024, were ¥26,477 million, with net assets at ¥19,829 million and an equity-to-asset ratio of 74.9%.

• Net assets per share increased to ¥1,814.97 from ¥1,804.00 at the previous fiscal year-end.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2025, projects net sales of ¥23,300 million (up 3.2% year-over-year), operating profit of ¥2,600 million (up 7.5%), and profit attributable to owners of parent of ¥1,890 million (down 10.3%).

• Interim dividend forecast is ¥28.00 per share, with no change to previously announced dividend guidance.