Nishikawa Rubber (5161) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2024, increased 7.1% year-over-year to ¥61,216 million, driven by North American automotive production recovery and favorable currency effects.

• Operating income surged 193.0% year-over-year to ¥4,102 million, with net income attributable to shareholders up 11.0% to ¥2,090 million.

• The business environment remained uncertain globally due to resource price hikes, China’s slowdown, and geopolitical conflicts, while Japan saw moderate recovery.

Financial highlights

• Gross profit rose from ¥7,408 million to ¥11,028 million year-over-year.

• Operating income increased from ¥1,400 million to ¥4,102 million year-over-year.

• Net income attributable to shareholders was ¥2,090 million, up from ¥1,883 million year-over-year.

• EPS for the period was ¥108.33, compared to ¥97.85 in the prior year.

• Comprehensive income dropped significantly to ¥2,533 million from ¥7,369 million year-over-year.

Outlook and guidance

• Full-year revenue forecast revised to ¥115,700 million (up 1.9% year-over-year), with operating income projected at ¥7,000 million (up 6.8%).

• Net income forecast for the year is ¥4,700 million (up 6.7%), with EPS expected at ¥243.51.

• Dividend forecast raised to ¥52.00 per share for the full year.