Nitta (5186) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 FY2024 increased 1.3% year-over-year to ¥44,354 million, driven by higher sales revenue and cost reductions despite rising costs.

• Operating income rose 1.5% to ¥2,563 million, and ordinary income grew 16.5% to ¥7,248 million.

• Net income attributable to owners of parent increased 16.3% year-over-year to ¥5,831 million.

• Comprehensive income for the period was ¥10,854 million, up from ¥9,551 million in the prior year.

• Demand for semiconductor manufacturing equipment showed recovery, while logistics and automotive sectors remained sluggish.

Financial highlights

• Gross profit rose 5.8% year-over-year to ¥11,937 million, with gross margin improving to 26.9%.

• Net income per share for the six months was ¥209.13, compared to ¥180.21 in the previous year.

• Total assets as of September 30, 2024, were ¥175,597 million, up from ¥169,504 million as of March 31, 2024.

• Equity-to-asset ratio improved to 85.0% from 83.3% at the previous fiscal year-end.

• Overseas sales ratio increased to 32.3% from 30.6% due to yen depreciation.

Outlook and guidance

• FY2024 full-year forecasts remain unchanged: net sales projected at ¥90,000 million (+1.6% YoY), operating income at ¥4,800 million (+8.6%), and net income at ¥10,000 million (+1.4%).

• Annual dividend per share is forecast at ¥132.00, up from ¥122.00 in the previous year.

• Capital expenditure planned at ¥6,500 million and R&D expenditure at ¥2,000 million for FY2024.