Nippon Seisen (5659) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, reached ¥36,106 million, showing steady growth year-over-year.

• Ordinary profit for the same period was ¥3,586 million, reflecting a significant increase from the previous year.

• Operating profit increased 51.2% year-over-year to ¥3,495 million.

• Profit attributable to owners of parent grew 44.0% year-over-year to ¥2,467 million.

• Comprehensive income increased 46.4% year-over-year to ¥3,144 million.

Financial highlights

• Net sales in 3Q FY2024 were ¥12,495 million, up from ¥12,217 million in the previous quarter.

• Ordinary profit in 3Q FY2024 was ¥1,449 million, up from ¥1,237 million in 2Q FY2024.

• Gross profit for the nine-month period was ¥6,212 million, up from ¥4,910 million year-over-year.

• Earnings per share for the nine months ended December 31, 2024, was ¥80.44, compared to ¥55.86 in the prior year (adjusted for share split).

• Equity ratio as of 3Q FY2024 was 73.4%, indicating a strong financial position.

Outlook and guidance

• FY2024 full-year net sales are forecast at ¥49,055 million, with ordinary profit projected at ¥4,900 million.

• Full-year forecast for the year ending March 31, 2025: net sales of ¥47,700 million, operating profit of ¥4,900 million, ordinary profit of ¥4,900 million, and profit attributable to owners of parent of ¥3,430 million.

• ROS for FY2024 is forecast at 10.27%, maintaining a high profitability level.

• Dividend per share for FY2024 is forecast at ¥56 (year-end), with a payout ratio target of around 50%.

• Earnings per share for the full year is projected at ¥111.83.