NOK (7240) Q1 2025 earnings summary

Executive summary

• Net sales rose 14.8% year-over-year to ¥188.1 billion for Q1 FY2024, with operating income at ¥5.6 billion, reversing a prior-year loss.

• Ordinary income surged 86.8% year-over-year to ¥12.0 billion, and profit attributable to owners of parent jumped 205.3% to ¥7.0 billion.

• Both the seal and electronic product businesses saw sales growth, with the electronic product segment returning to profitability for the first time since FY2015.

Financial highlights

• Gross profit increased to ¥30.2 billion from ¥22.0 billion year-over-year.

• Net income per share rose to ¥42.62 from ¥13.56 year-over-year.

• Comprehensive income was ¥18.9 billion, down from ¥31.6 billion in the prior year.

• Total assets reached ¥960.6 billion, up ¥8.2 billion from March 2024.

• Net assets increased to ¥645.9 billion, with a capital adequacy ratio of 61.8%.

Outlook and guidance

• Full-year net sales forecast revised upward to ¥744.7 billion, a 0.8% decrease year-over-year.

• Operating income forecast for the year is ¥28.0 billion, up 192.0% year-over-year.

• Profit attributable to owners of parent projected at ¥23.2 billion, down 26.6% year-over-year.

• Dividend forecast for FY2024 is ¥100 per share.