Nisshin Seifun (2002) Q1 2025 earnings summary

Executive summary

• Net sales rose 2.7% year-over-year to ¥213,874 million for Q1 FY2025, with operating profit up 11.5% to ¥13,220 million and profit attributable to owners of parent up 24.0% to ¥10,845 million.

• Comprehensive income declined 46.7% year-over-year to ¥16,740 million, mainly due to a decrease in valuation difference on available-for-sale securities.

Financial highlights

• Gross profit increased to ¥48,563 million from ¥43,753 million year-over-year, while operating profit rose to ¥13,220 million from ¥11,860 million.

• Ordinary profit reached ¥14,516 million, up from ¥13,099 million, and EPS improved to ¥36.46 from ¥29.40.

• Extraordinary income of ¥2,039 million was recorded, mainly from gain on sale of investment securities.

• Total assets stood at ¥828,508 million, with net assets at ¥525,862 million and an equity ratio of 61.4%.

Outlook and guidance

• Full-year net sales forecast at ¥870,000 million, up 1.4% year-over-year, with operating profit expected to rise 6.7% to ¥51,000 million.

• Profit attributable to owners of parent projected at ¥38,000 million, up 19.7% year-over-year, and annual dividend forecast at ¥50.00 per share.