NTN (6472) Q1 2025 earnings summary

Executive summary

• Net sales rose 5.0% year-over-year to ¥210,809 million for the quarter ended June 30, 2024, driven by price pass-on measures and cost reductions.

• Operating income surged 204.2% year-over-year to ¥4,532 million, while ordinary income increased 14.2% to ¥2,200 million.

• Profit attributable to owners of parent dropped 89.6% year-over-year to ¥170 million, mainly due to tax effects.

• Comprehensive income decreased 24.8% year-over-year to ¥15,974 million.

Financial highlights

• Gross profit increased to ¥35,122 million from ¥30,300 million year-over-year.

• Net cash provided by operating activities was ¥926 million, down 94.5% year-over-year.

• Cash and cash equivalents at quarter-end were ¥137,580 million, up 8.1% from the previous fiscal year end.

• Total assets increased 2.8% from the previous fiscal year end to ¥935,873 million.

• Total net assets rose 4.7% to ¥294,116 million, with equity ratio at 29.6%.

Outlook and guidance

• Full-year net sales forecast at ¥860,000 million, up 2.8% year-over-year.

• Operating income projected at ¥32,000 million (up 13.7%), ordinary income at ¥22,000 million (up 10.0%).

• Profit attributable to owners of parent expected to decline 52.7% to ¥5,000 million.

• Dividend forecast revised upward to ¥11.00 per share for FY2025.