Nippon Seisen (5659) Q1 2025 earnings summary

Executive summary

• Net sales for FY2024 Q1 reached ¥12,503 million, showing a year-over-year increase from ¥11,839 million in FY2023 Q1.

• Operating profit increased 29.5% year-over-year to ¥1,166 million.

• Ordinary profit for FY2024 Q1 was ¥1,449 million, up from ¥984 million in the same quarter last year.

• Profit attributable to owners of parent grew 19.6% year-over-year to ¥827 million.

• Comprehensive income reached ¥1,155 million, up 25.2% year-over-year.

Financial highlights

• Net sales for the quarter: ¥12,503 million, up from ¥11,839 million year-over-year.

• Ordinary profit: ¥1,449 million, compared to ¥984 million in FY2023 Q1.

• Gross profit improved to ¥2,073 million from ¥1,760 million year-over-year.

• Net assets at the end of Q1: ¥54,462 million; equity ratio: 72.3%.

• Earnings per share (EPS) was ¥26.98, reflecting a share split adjustment.

Outlook and guidance

• FY2024 full-year net sales forecast: ¥55,000 million, up from ¥49,055 million in FY2023.

• Ordinary profit forecast for FY2024: ¥4,000 million, compared to ¥3,699 million in FY2023.

• Dividend per share forecast for FY2024: ¥46 (year-end), with a payout ratio target of around 50%.

• Full-year EPS forecast at ¥91.30.

• Profit attributable to owners of parent expected to reach ¥2,800 million, up 8.0% year-over-year.