NITTO SEIKO, 4% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 0.5 yen, This Fiscal Year to Increase Dividend by 0.5 yen

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Fri Feb 7, 2025 3:30 pm JST Earnings

5957 NITTO SEIKO CO.,LTD. 【J-GAAP】

Earnings Report

NITTO SEIKO CO.,LTD. <5957> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 26.0% from the previous period to 3.57 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 3.6% to 3.7 billion yen. This will be the fifth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 19 yen to 19.5 yen (compared to 18 yen in the prior term), and has decided to increase the dividend this fiscal year to 20 yen, an increase of 0.5 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit increased 31.6% from the same period last year, reaching 1.19 billion yen. The operating profit margin remained almost flat, changing from 7.9% in the same period last year to 8.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	44,021	2,931	3,235	1,828	49.5	16	Feb 14, 2023	J-GAAP
Dec, 2023	44,744	2,614	2,835	1,734	47.0	18	Feb 13, 2024	J-GAAP
Dec, 2024	47,069	3,326	3,573	2,199	60.2	19.50	Feb 7, 2025	J-GAAP
YoY	+5.2%	+27.2%	+26.0%	+26.8%	+28.2%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	48,200	3,300	3,500	2,100	57.9	19	Feb 13, 2024	J-GAAP
Dec, 2024 Results	47,069	3,326	3,573	2,199	60.2	19.50	Feb 7, 2025	J-GAAP
Revision Rate	-2.3%	+0.8%	+2.1%	+4.7%	+3.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	22,394	1,494	1,610	1,007	27.6	9.50	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	24,400	1,400	1,500	900	24.8	10	Feb 7, 2025	J-GAAP
YoY	+9.0%	-6.3%	-6.8%	-10.6%	-9.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	44,744	2,614	2,835	1,734	47.0	18	Feb 13, 2024	J-GAAP
Dec, 2024	47,069	3,326	3,573	2,199	60.2	19.50	Feb 7, 2025	J-GAAP
Dec, 2025 Guidance	50,100	3,600	3,700	2,300	63.5	20	Feb 7, 2025	J-GAAP
YoY	+6.4%	+8.2%	+3.6%	+4.6%	+5.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	11,527	912	909	612	16.6	7.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	10,717	655	711	472	12.9	6.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	11,677	839	899	535	14.6	7.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	11,625	765	767	460	12.6	6.6	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	13,050	1,067	1,196	732	20.0	8.2	Feb 7, 2025	J-GAAP
YoY	+13.2%	+17.0%	+31.6%	+19.6%	+20.9%