Nippon Seisen (5659) Q4 2025 earnings summary

Executive summary

• Net sales for FY2024 reached ¥49,055 million, with ordinary profit at ¥4,585 million, both showing year-over-year growth.

• Operating profit rose 29.4% year-over-year to ¥4,576 million.

• Profit attributable to owners of parent was ¥3,250 million in FY2024, up 25.4% year-over-year.

• High function and unique products accounted for 64% of sales.

• Dividend per share for FY2024 was ¥56, with a payout ratio of 52.8%.

Financial highlights

• Net sales increased from ¥46,749 million in FY2023 to ¥49,055 million in FY2024.

• Gross profit increased from ¥7,064 million to ¥8,218 million year-over-year.

• Basic earnings per share was ¥105.97, up from ¥84.52 year-over-year (adjusted for stock split).

• Equity ratio remained strong at 68.5% as of March 31, 2025.

• Cash and cash equivalents at period end increased to ¥16,479 million.

Outlook and guidance

• FY2025 net sales are forecast at ¥50,000 million, with ordinary profit projected at ¥3,200 million.

• For the fiscal year ending March 31, 2026, net sales are forecast to decrease 7.0% year-over-year to ¥43,500 million.

• Dividend per share for FY2025 is forecast at ¥42, with a payout ratio of 56%.

• Basic earnings per share forecasted at ¥74.99 for the next fiscal year.

• High function and unique products are expected to maintain a 64.3% sales ratio.