Noritsu Koki, 27% Decrease in Net Income for The Current Fiscal Year, Increased Previous Year's Dividend by 65 yen, This Fiscal Year to Increase Dividend

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Fri Feb 14, 2025 3:30 pm JST Earnings

7744 Noritsu Koki Co.,Ltd. 【IFRS】

Earnings Report

Noritsu Koki Co.,Ltd. <7744> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net income for the fiscal year ending December 2024 expanded 58.1% from the previous period to 16.1 billion yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 27.4% from the previous period to 11.7 billion yen.

At the same time, the company increased the annual dividend for the previous term from 116 yen to 181 yen (compared to 115 yen in the prior term), and the annual dividend for this fiscal year is 147 yen, taking into account the forward stock split scheduled to be allocated on June 30, this dividend represents an actual increase of 22.1%.

In the most recent three-month period, from October to December (4Q), the consolidated net income increased 36.0% from the same period last year, reaching 3.2 billion yen. The operating profit margin drastically improved from 7.6% in the same period last year to 15.8%.

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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	73,515	1,262	3,944	101,554	2,848.5	152	Feb 14, 2023	IFRS
Dec, 2023	90,052	14,388	13,677	10,199	285.9	115	Feb 13, 2024	IFRS
Dec, 2024	106,539	20,507	20,437	16,120	451.6	181	Feb 14, 2025	IFRS
YoY	+18.3%	+42.5%	+49.4%	+58.1%	+58.0%

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	104,300	18,700	18,500	14,300	400.6	116	Nov 28, 2024	IFRS
Dec, 2024 Results	106,539	20,507	20,437	16,120	451.6	181	Feb 14, 2025	IFRS
Revision Rate	+2.1%	+9.7%	+10.5%	+12.7%	+12.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	52,763	13,879	14,107	11,484	321.8	58	Aug 9, 2024	IFRS
Jan - Jun, 2025 Guidance	52,500	8,000	7,900	5,400	151.7	110	Feb 14, 2025	IFRS
YoY	-0.5%	-42.4%	-44.0%	-53.0%	-52.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	90,052	14,388	13,677	10,199	285.9	115	Feb 13, 2024	IFRS
Dec, 2024	106,539	20,507	20,437	16,120	451.6	181	Feb 14, 2025	IFRS
Dec, 2025 Guidance	112,600	17,400	17,100	11,700	328.8	221	Feb 14, 2025	IFRS
YoY	+5.7%	-15.2%	-16.3%	-27.4%	-27.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	25,330	1,914	1,459	2,357	66.1	7.6	Feb 13, 2024	IFRS
Jan - Mar, 2024	27,304	7,640	7,657	5,235	146.7	28.0	May 10, 2024	IFRS
Apr - Jun, 2024	25,459	6,239	6,450	6,249	175.1	24.5	Aug 9, 2024	IFRS
Jul - Sep, 2024	25,674	2,199	2,082	1,431	40.1	8.6	Nov 8, 2024	IFRS
Oct - Dec, 2024	28,102	4,429	4,248	3,205	89.8	15.8	Feb 14, 2025	IFRS
YoY	+10.9%	+131.4%	+191.2%	+36.0%	+35.9%