Nippon Aqua, 18% Increase in Ordinary Profit, Record High for The First Time in Two Years, Dividend Raised by 1 yen

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Fri Feb 7, 2025 3:30 pm JST Earnings

1429 Nippon Aqua Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Aqua Co., Ltd. <1429> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending December 2024 decreased 10.7% from the previous period to 2.6 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 17.6% to 3.06 billion yenExpected to reach record high profits for the first time in two years. This will be the fifteenth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 35 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the ordinary profit increased 52.6% from the same period last year, reaching 1.05 billion yen. The operating profit margin improved from 8.3% in the same period last year to 11.2%.

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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	25,670	2,329	2,359	1,549	48.0	24	Feb 10, 2023	J-GAAP
Dec, 2023	28,341	2,881	2,917	2,004	63.8	32	Feb 14, 2024	J-GAAP
Dec, 2024	30,265	2,575	2,604	1,839	58.6	34	Feb 7, 2025	J-GAAP
YoY	+6.8%	-10.6%	-10.7%	-8.2%	-8.3%

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	30,000	2,600	2,600	1,755	55.9	34	Nov 8, 2024	J-GAAP
Dec, 2024 Results	30,265	2,575	2,604	1,839	58.6	34	Feb 7, 2025	J-GAAP
Revision Rate	+0.9%	-1.0%	+0.2%	+4.8%	+4.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	13,112	849	868	579	18.5	0	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	15,579	1,091	1,114	752	23.6	0	Feb 7, 2025	J-GAAP
YoY	+18.8%	+28.5%	+28.3%	+29.9%	+27.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	28,341	2,881	2,917	2,004	63.8	32	Feb 14, 2024	J-GAAP
Dec, 2024	30,265	2,575	2,604	1,839	58.6	34	Feb 7, 2025	J-GAAP
Dec, 2025 Guidance	34,360	3,004	3,062	2,067	64.8	35	Feb 7, 2025	J-GAAP
YoY	+13.5%	+16.7%	+17.6%	+12.4%	+10.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,176	682	692	495	15.8	8.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	6,272	445	453	302	9.6	7.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,840	404	415	277	8.8	5.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,705	672	680	464	14.8	8.7	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	9,448	1,054	1,056	796	25.3	11.2	Feb 7, 2025	J-GAAP
YoY	+15.6%	+54.5%	+52.6%	+60.8%	+60.7%