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NITTO SEIKO, First Half Ordinary Profit Decreases by 11%
5957 NITTOSEIKO CO.,LTD. 【J-GAAP】
Earnings ReportNITTO SEIKO CO.,LTD. <5957> [TSE Prime] announced its financial results after the market closed on August 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 11.1% from the same period last year to 1.43 billion yen. Progress toward the full-year plan of 3.70 billion yen was 38.7%, also falling below the five-year average of 47.3%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to grow 15.5% from the same period last year, reaching 2.26 billion yen.
In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit amounted to 0.90 billion yen, an increase of 0.2% compared to the same period last year. The operating profit margin improved from 7.2% in the same period last year to 7.9%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 22,447 | 1,298 | 1,476 | 833 | 22.6 | 52.1 | Aug 10, 2023 | J-GAAP |
| Jan - Jun, 2024 | 22,394 | 1,494 | 1,610 | 1,007 | 27.6 | 45.1 | Aug 8, 2024 | J-GAAP |
| Jan - Jun, 2025 | 23,859 | 1,505 | 1,432 | 873 | 24.1 | 38.7 | Aug 12, 2025 | J-GAAP |
| YoY | +6.5% | +0.7% | -11.1% | -13.3% | -12.6% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | 24,400 | 1,400 | 1,500 | 900 | 24.8 | 10 | Feb 7, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 23,859 | 1,505 | 1,432 | 873 | 24.1 | 10 | Aug 12, 2025 | J-GAAP |
| Revision Rate | -2.2% | +7.5% | -4.5% | -3.0% | -3.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 24,675 | 1,832 | 1,963 | 1,192 | 32.6 | 10 | Feb 7, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 26,241 | 2,095 | 2,268 | 1,427 | 39.3 | 10 | Aug 12, 2025 | J-GAAP |
| YoY | +6.3% | +14.4% | +15.5% | +19.7% | +20.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 44,744 | 2,614 | 2,835 | 1,734 | 47.0 | 18 | Feb 13, 2024 | J-GAAP |
| Dec, 2024 | 47,069 | 3,326 | 3,573 | 2,199 | 60.2 | 19.50 | Feb 7, 2025 | J-GAAP |
| Dec, 2025 Guidance | 50,100 | 3,600 | 3,700 | 2,300 | 63.4 | 20 | Feb 7, 2025 | J-GAAP |
| YoY | +6.4% | +8.2% | +3.6% | +4.6% | +5.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 11,677 | 839 | 899 | 535 | 14.6 | 7.2 | Aug 8, 2024 | J-GAAP |
| Jul - Sep, 2024 | 11,625 | 765 | 767 | 460 | 12.6 | 6.6 | Nov 13, 2024 | J-GAAP |
| Oct - Dec, 2024 | 13,050 | 1,067 | 1,196 | 732 | 20.0 | 8.2 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 11,579 | 541 | 531 | 242 | 6.7 | 4.7 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 12,280 | 964 | 901 | 631 | 17.4 | 7.9 | Aug 12, 2025 | J-GAAP |
| YoY | +5.2% | +14.9% | +0.2% | +17.9% | +18.9% |
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