NISSO HOLDINGS (9332) Q2 2025 earnings summary

Executive summary

• Achieved record-high interim profits since listing, with consolidated net sales up 5.9% and operating profit up 53.3% year-over-year for the first six months of FY 3/2025.

• Ordinary profit increased 46.8% to ¥1,466 million; profit attributable to owners was ¥872 million, up 39.4% YoY.

• Gross profit margin improved to 16.8% from 15.7% YoY; operating profit margin rose by 0.9 points to 2.9%.

• Growth driven by increased enrolled engineers, higher billing unit-costs in focus industries, and strong performance in Engineering Human Resources Services.

• Automotive segment impacted by natural disasters, falling short of operational plans, while certification issues had limited effect.

Financial highlights

• Net sales: ¥50,174 million, up 5.9% YoY; operating profit: ¥1,479 million, up 53.3% YoY; ordinary profit: ¥1,466 million, up 46.8% YoY; profit attributable to owners: ¥872 million, up 39.4% YoY.

• Gross profit margin improved to 16.8% from 15.7% YoY.

• Equity ratio improved to 50.7% from 48.0% at the previous fiscal year-end.

• Net income per share for the interim period was ¥26.62.

• Cash and cash equivalents at period-end were ¥5,752 million, down ¥3,888 million from March 31, 2024.

Outlook and guidance

• Full-year FY 3/2025 forecast: net sales ¥106,000 million (+9.4% YoY), operating profit ¥3,800 million (+24.3% YoY), profit attributable to owners ¥2,400 million (+22.9% YoY), EPS ¥73.25.

• Expect continued strength in semiconductor and electronics, with automotive recovery and demand for PC/communications components.

• No changes to previously announced consolidated earnings forecast.