Niterra (5334) Q2 2026 earnings summary

Executive summary

• Sales revenue reached record highs in FY2025 H1, increasing year-over-year to ¥351.2 billion, while operating profit remained flat due to yen appreciation and temporary expenses.

• Profit attributable to owners rose to ¥53.8 billion, up from ¥50.4 billion year-over-year.

• Interim dividend increased to 93 yen per share, with a full-year forecast of 186 yen per share.

• Comprehensive income surged to ¥68.4 billion from ¥37.7 billion, driven by improved other comprehensive income.

Financial highlights

• FY2025 H1 revenue: ¥351.2 billion (+8% YoY); operating profit: ¥72.0 billion (flat YoY); profit before income taxes: ¥76.1 billion (+6% YoY).

• Spark plug sales rose 4% YoY to ¥189.3 billion; sensor sales up 8% to ¥95.8 billion; component solution sales up 23% to ¥61.4 billion.

• Operating profit margin decreased to 20.5% from 22.3% YoY.

• Earnings per share (basic) rose to ¥270.68 from ¥253.51 year-over-year.

• Cash and cash equivalents at period end were ¥252.0 billion, up from ¥208.2 billion at March 31, 2025.

Outlook and guidance

• Full-year sales and operating profit forecasts remain unchanged at ¥688.0 billion and ¥130.0 billion, respectively.

• Full-year profit attributable to owners forecast at ¥90.0 billion.

• FOREX assumptions revised: 1 USD = ¥145, 1 EUR = ¥170.

• Full-year dividend forecast raised by 4 yen to 186 yen per share.

• No upward revision to full-year forecast due to raw material price volatility and U.S. market uncertainty.