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NOF, 3% Increase in Ordinary Profit, Update Record High for Fifth Consecutive Term, Increased Previous Year's Dividend by 3 yen, This Fiscal Year to Increase Dividend by 3 yen

Fri May 9, 2025 2:00 pm JST Earnings

4403 NOF CORPORATION 【J-GAAP】

Earnings Report

NOF CORPORATION <4403> [TSE Prime] announced its financial results in the afternoon session on May 9th (14:00). The consolidated ordinary profit for the fiscal year ending March 2025 increased 2.2% from the previous period to 46.5 billion yen exceeding the previous forecast of 43.8 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 2.9% to 47.9 billion yen, marking the fifth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the sixth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 42 yen to 45 yen (compared to 114 yen before the 3-for-1 forward stock split in the previous term), and has decided to increase the dividend this fiscal year to 48 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 8.96 billion yen, an 8.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 14.3% in the same period last year to 14.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 217,709 40,624 43,183 33,973 139.0 36 May 11, 2023 J-GAAP
Mar, 2024 222,252 42,142 45,577 33,990 141.2 38 May 9, 2024 J-GAAP
Mar, 2025 238,310 45,308 46,572 36,497 153.9 45 May 9, 2025 J-GAAP
YoY +7.2% +7.5% +2.2% +7.4% +9.0%

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 239,000 43,000 43,800 34,900 149.4 42 Nov 7, 2024 J-GAAP
Mar, 2025 Results 238,310 45,308 46,572 36,497 153.9 45 May 9, 2025 J-GAAP
Revision Rate -0.3% +5.4% +6.3% +4.6% +3.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 110,478 23,321 23,592 17,016 71.4 21 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 Guidance 24 May 9, 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 222,252 42,142 45,577 33,990 141.2 38 May 9, 2024 J-GAAP
Mar, 2025 238,310 45,308 46,572 36,497 153.9 45 May 9, 2025 J-GAAP
Mar, 2026 Guidance 252,000 46,000 47,900 36,800 161.0 48 May 9, 2025 J-GAAP
YoY +5.7% +1.5% +2.9% +0.8% +4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 62,153 8,880 9,844 7,979 33.1 14.3 May 9, 2024 J-GAAP
Apr - Jun, 2024 55,110 13,533 15,160 11,047 46.3 24.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 55,368 9,788 8,432 5,969 25.0 17.7 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 60,692 12,438 14,014 10,611 44.6 20.5 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 67,140 9,549 8,966 8,870 37.4 14.2 May 9, 2025 J-GAAP
YoY +8.0% +7.5% -8.9% +11.2% +12.9%

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