Niterra (5334) Q4 2025 earnings summary

Executive summary

• Achieved record-high sales revenue and operating profit for FY2024, driven by strong AM product sales and price increases in the automotive components business, despite lower OEM volumes.

• Operating profit rose 20% year-over-year, supported by favorable FOREX and cost management, with increased investment in employees.

• Net income attributable to owners reached 92.6 billion yen, up from 82.6 billion yen year-over-year.

• Segment reorganization effective April 2025, consolidating into "Automotive components" and "Component Solutions."

• Comprehensive income declined to 81.3 billion yen from 116.9 billion yen year-over-year, mainly due to negative other comprehensive income.

Financial highlights

• FY2024 revenue: 652.9 billion yen (+6.3% YoY); operating profit: 129.6 billion yen (+20.5% YoY, margin 19.9%).

• Profit before income taxes: 133.3 billion yen (+13.8% YoY); profit attributable to owners: 92.6 billion yen (+12.1% YoY).

• Gross profit increased to 258.1 billion yen from 226.2 billion yen year-over-year.

• FOREX impact added 10.2 billion yen to operating profit, mainly from USD, EUR, and CNY.

• Cash and cash equivalents at year-end were 208.2 billion yen, up from 180.7 billion yen.

Outlook and guidance

• FY2025 revenue forecast: 688.0 billion yen (+5.4% YoY); operating profit: 130.0 billion yen (+0.3% YoY, margin 18.9%).

• Profit before income taxes expected to decrease to 129.0 billion yen; profit attributable to owners forecast at 90.0 billion yen.

• Basic EPS forecast for FY2026 is 453.10 yen; total cash dividends projected at 182.00 yen per share.

• FOREX assumptions: 1 USD = 140 JPY, 1 EUR = 155 JPY; strong yen expected to reduce operating profit by 17.6 billion yen.

• US tariff measures expected to increase costs by 19 billion yen, with countermeasures limiting operating profit impact to -6 billion yen.