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NIRECO, 4% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Wed May 14, 2025 3:30 pm JST Earnings

6863 NIRECO CORPORATION 【J-GAAP】

Earnings Report

NIRECO CORPORATION <6863> [TSE Std] announced its financial results after the market closed on May 14th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 expanded 38.0% from the previous period to 2.02 billion yen. However, for the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 3.8% from the previous period to 1.95 billion yen.

At the same time, the company increased the annual dividend for the previous term from 79 yen to 95 yen (compared to 62 yen in the prior term), and has decided to reduce the dividend this fiscal year to 85 yen, a decrease of 10 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 79.9% from the same period last year, reaching 0.63 billion yen. The operating profit margin jumped from 12.4% in the same period last year to 19.3%.

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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 9,155 1,182 1,255 860 117.4 47 May 12, 2023 J-GAAP
Mar, 2024 9,861 1,386 1,470 1,011 137.4 62 May 14, 2024 J-GAAP
Mar, 2025 10,756 1,907 2,028 1,562 211.1 95 May 14, 2025 J-GAAP
YoY +9.1% +37.6% +38.0% +54.5% +53.7%

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 10,600 1,680 1,800 1,290 174.0 79 Feb 6, 2025 J-GAAP
Mar, 2025 Results 10,756 1,907 2,028 1,562 211.1 95 May 14, 2025 J-GAAP
Revision Rate +1.5% +13.5% +12.7% +21.1% +21.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 4,908 788 845 550 74.5 24 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance 5,200 770 830 600 80.9 35 May 14, 2025 J-GAAP
YoY +5.9% -2.3% -1.8% +9.1% +8.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 9,861 1,386 1,470 1,011 137.4 62 May 14, 2024 J-GAAP
Mar, 2025 10,756 1,907 2,028 1,562 211.1 95 May 14, 2025 J-GAAP
Mar, 2026 Guidance 11,000 1,850 1,950 1,390 193.8 85 May 14, 2025 J-GAAP
YoY +2.3% -3.0% -3.8% -11.0% -8.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 2,820 351 353 236 32.1 12.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,389 301 359 206 28.0 12.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,519 487 486 344 46.6 19.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 2,662 504 548 463 62.6 18.9 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 3,186 615 635 549 74.2 19.3 May 14, 2025 J-GAAP
YoY +13.0% +75.2% +79.9% +132.6% +131.4%

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