Trusco Nakayama (9830) Q4 2024 earnings summary

Executive summary

• Net sales for FYE December 2024 rose 10.0% year-over-year to ¥295,024 million, with all major sales routes contributing to growth.

• Profit attributable to owners of parent surged 31.2% to ¥16,095 million, supported by sales growth and extraordinary gains.

• Comprehensive income reached ¥16,545 million, up from ¥12,782 million year-over-year.

• Inventory and logistics enhancements, digital initiatives, and environmental measures drove operational improvements.

Financial highlights

• Gross profit increased 7.2% year-over-year to ¥61,683 million, though gross margin declined slightly to 20.9%.

• Operating profit rose to ¥19,978 million from ¥18,519 million year-over-year.

• Ordinary income exceeded ¥20 billion for the first time, up 7.4% year-over-year.

• Dividend per share increased to ¥54, up ¥7.50 from the previous year.

• Capital expenditures nearly doubled to ¥26,163 million, reflecting major investments in logistics and digital infrastructure.

Outlook and guidance

• For FYE December 2025, net sales are projected to grow 7.6% to ¥317,430 million, with ordinary income up 5.6% and profit attributable to owners of parent expected to decrease 9.8% due to lower extraordinary gains.

• SGA expenses are forecast to rise 6.9%, driven by increased headcount and logistics costs.

• Dividend per share is planned at ¥55.50.