Nittoseiko Co (5957) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, rose 2.4% year-over-year to ¥34,019 million.

• Operating profit increased 32.7% year-over-year to ¥2,259 million.

• Profit attributable to owners of parent grew 30.7% year-over-year to ¥1,467 million.

• Earnings per share for the period were ¥40.17, up from ¥30.39 in the prior year.

Financial highlights

• Gross profit increased to ¥8,030 million from ¥7,416 million year-over-year.

• Ordinary profit rose to ¥2,377 million, up 23.4% year-over-year.

• Comprehensive income for the period was ¥1,899 million, with ¥1,642 million attributable to owners of parent.

• Total assets as of September 30, 2024, were ¥53,594 million, with net assets at ¥37,478 million.

Outlook and guidance

• Full-year net sales forecast is ¥48,200 million, up 7.7% year-over-year.

• Operating profit is projected at ¥3,300 million, ordinary profit at ¥3,500 million, and profit attributable to owners of parent at ¥2,100 million for the full year.

• Full-year earnings per share forecast is ¥57.46.

• Dividend per share forecast for the year is ¥19.00.