Nippon Seisen (5659) Q2 2025 earnings summary

Executive summary

• Net sales for the first half of FY2024 reached ¥24,342 million, showing a modest increase compared to the previous half year.

• Ordinary profit for the same period was ¥2,341 million, up from ¥1,742 million year-over-year.

• Operating profit rose 42.7% year-over-year to ¥2,318 million, and profit attributable to owners of parent increased 31.8% to ¥1,609 million.

• Comprehensive income increased 35.7% year-over-year to ¥2,105 million.

• The ratio of high function and unique products remained strong, exceeding 66% of sales.

Financial highlights

• Net sales increased to ¥24,342 million in 1H FY2024 from ¥23,371 million in 2H FY2023.

• Gross profit for the six months was ¥4,127 million, up from ¥3,354 million year-over-year.

• Earnings per share for the period was ¥52.49, reflecting a share split effective April 1, 2024.

• Cash and cash equivalents at period end increased to ¥15,458 million from ¥13,762 million a year earlier.

• Return on sales (ROS) improved to 8.52% in 1H FY2024 from 8.01% in 2H FY2023.

Outlook and guidance

• Full-year net sales forecast revised to ¥49,055 million, up from previous guidance.

• Ordinary profit forecast raised to ¥4,900 million for FY2024.

• Profit attributable to owners of parent is forecast at ¥3,430 million, with EPS expected at ¥111.83.

• Dividend per share projected at ¥105 interim and ¥210 year-end, maintaining a payout ratio near 50%.

• No revisions to previously announced forecasts.