Nippon Soda (4041) Q2 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2025 earnings summary
10 Mar, 2026Executive summary
Net sales for 2Q FY2025 were ¥67.08B, down 2.6% year-over-year; operating profit rose 9.6% to ¥7.08B.
Ordinary profit fell 10.0% to ¥8.36B; profit attributable to owners decreased 15.8% to ¥6.35B.
Comprehensive income dropped 72.1% year-over-year to ¥4,337 million.
Chemical Materials segment saw sales and profit growth, while Agri Business experienced declines due to shipping adjustments and prior year shipment timing.
Foreign exchange losses were recorded this year, contrasting with gains in the previous year.
Financial highlights
Net sales: ¥67.08B (down ¥1.82B, -2.6% YoY); operating profit: ¥7.08B (up ¥0.62B, +9.6% YoY).
Gross profit increased to ¥19,460 million from ¥19,074 million YoY; operating margin improved to 10.5%.
EPS: ¥115.24 (down ¥20.0, -14.8% YoY), adjusted for 2-for-1 share split.
Free cash flow improved to ¥6.68B from ¥1.86B YoY.
Total assets as of September 30, 2024, were ¥282,596 million, down from ¥290,492 million at March 31, 2024.
Outlook and guidance
FY2025 net sales forecast revised to ¥153.0B (0.7%–0.9% decrease YoY); operating profit to ¥13.5B (down 2.7%).
Chemical Materials and Engineering expected to drive growth; Agri Business to remain subdued.
Basic EPS forecast for the full year is ¥228.77, reflecting the share split.
Dividend forecast remains unchanged, with a total annual dividend of ¥240 per share if not split.
Exchange rate assumptions for 2H: ¥145/USD, ¥155/EUR.
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