NPR-Riken (6209) Q4 2025 earnings summary

Executive summary

• FY2024 annual statements reported net sales of ¥170,340m (+22.9% YoY), operating profit of ¥11,807m (+34.7%) and ordinary profit of ¥14,678m (+26.2%); separate comparable figures were ¥1,703bn (+1%), ¥118bn (+11%) and ¥147bn (+7%).

• Profit attributable to owners fell 66.7% to ¥8,756m, reflecting prior-year negative goodwill; excluding that gain, net income increased 1% to ¥88bn.

• FY2025 guidance forecasts lower revenue and profits amid FX and tariff pressures; the annual dividend forecast remains ¥130/share.

Financial highlights

• Gross profit increased to ¥40,792m from ¥29,983m; selling, general and administrative expenses rose to ¥28,985m.

• Basic EPS fell to ¥323.32 from ¥1,091.78; comprehensive income decreased 67.7% to ¥12,468m.

• Operating profit rose ¥12bn on comparable figures as yen weakness, price pass-through and integration rationalization offset labor and other cost increases.

• Operating cash flow was ¥175bn, investing cash flow -¥71bn and free cash flow ¥104bn; cash and deposits rose ¥35bn to ¥280bn.

Outlook and guidance

• FY2025 forecast: revenue ¥1,620bn (-5%), operating profit ¥85bn (-28%), ordinary profit ¥114bn (-22%) and net income ¥73bn (-17%).

• For the fiscal year ending March 2026, basic EPS is forecast at ¥269.54; annual dividend forecast is ¥130/share, with a 48% payout ratio.

• Planning rates are ¥140/$ and ¥155/€; average rates to date were ¥149/$ and ¥161/€, weaker yen than assumed.

• Rationalization and price pass-through are expected to partly offset lower sales, FX effects and tariff-related costs; share repurchases will be considered flexibly.