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Nakabohtec Corrosion Protecting, 12% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Thu May 8, 2025 6:00 pm JST Earnings

1787 Nakabohtec Corrosion Protecting Co.,Ltd. 【J-GAAP】

Earnings Report

Nakabohtec Corrosion Protecting Co.,Ltd. <1787> [TSE Std] announced its financial results after the market closed on May 8th (18:00). The ordinary profit (non-consolidated) for the fiscal year ending March 2025 increased 24.8% from the previous period to 1.5 billion yen. However, for the fiscal year ending March 2026, the ordinary profit is expected to decrease by 12.3% from the previous period to 1.31 billion yen.

At the same time, the company increased the annual dividend for the previous term from 275 yen to 300 yen (compared to 240 yen in the prior term), and has decided to reduce the dividend this fiscal year to 260 yen, a decrease of 40 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the ordinary profit grew 21.4% from the same period last year, reaching 0.87 billion yen. The operating profit margin rose from 13.1% in the same period last year to 15.0%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,158 1,246 1,273 899 365.0 255 May 11, 2023 J-GAAP
Mar, 2024 13,780 1,176 1,204 834 339.1 240 May 8, 2024 J-GAAP
Mar, 2025 14,725 1,457 1,502 1,047 425.5 300 May 8, 2025 J-GAAP
YoY +6.9% +23.9% +24.8% +25.5% +25.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 14,700 1,350 1,390 970 394.2 275 Mar 24, 2025 J-GAAP
Mar, 2025 Results 14,725 1,457 1,502 1,047 425.5 300 May 8, 2025 J-GAAP
Revision Rate +0.2% +7.9% +8.1% +7.9% +8.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 5,207 30 56 30 12.4 0 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 8, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 13,780 1,176 1,204 834 339.1 240 May 8, 2024 J-GAAP
Mar, 2025 14,725 1,457 1,502 1,047 425.5 300 May 8, 2025 J-GAAP
Mar, 2026 Guidance 14,500 1,278 1,318 923 374.9 260 May 8, 2025 J-GAAP
YoY -1.5% -12.3% -12.3% -11.8% -11.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 5,479 718 723 512 208.2 13.1 May 8, 2024 J-GAAP
Apr - Jun, 2024 1,669 -342 -330 -236 -96.3 -20.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 3,538 372 386 266 109.8 10.5 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 3,720 558 568 396 161.0 15.0 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 5,798 869 878 621 252.4 15.0 May 8, 2025 J-GAAP
YoY +5.8% +21.0% +21.4% +21.3% +21.2%

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