Nishikawa Rubber (5161) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥86,410 million, down 3.9% year-over-year, while operating profit rose 25.9% to ¥5,375 million and net profit attributable to shareholders fell 21.2% to ¥2,855 million.

• The global economic environment remained uncertain due to geopolitical risks, but domestic recovery was supported by improved employment and inbound demand.

Financial highlights

• Gross profit increased to ¥15,450 million from ¥13,473 million year-over-year.

• Operating margin improved as operating profit rose despite lower sales.

• Net profit per share was ¥147.90, down from ¥188.15 in the prior year.

• Total assets at quarter-end were ¥137,149 million, with net assets of ¥89,040 million and an equity ratio of 62.5%.

Outlook and guidance

• Full-year revenue forecast revised to ¥119,400 million (up 1.3% year-over-year), with operating profit expected at ¥7,900 million (up 20.5%) and net profit at ¥5,200 million (up 3.2%).

• Dividend forecast raised to ¥204 per share for the year.