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Noritsu Koki, 7% Increase in Net Income for The Current Fiscal Year, Dividend Effectively Increased
7744 Noritsu Koki Co.,Ltd. 【IFRS】
Earnings ReportNoritsu Koki Co.,Ltd. <7744> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the fiscal year ended December 2025 decreased by 3.0% from the previous period to 15.6 billion yen. For the fiscal year ending December 2026, the consolidated net income is expected to grow by 7.4% to 16.8 billion yen. This will be the fifth consecutive term of revenue growth.
At the same time, the annual dividend for this fiscal year is 75 yen, taking into account the previous year's forward stock split, this dividend represents an actual increase of 1.8%.
In the most recent three-month period, from October to December (4Q), the consolidated net income decreased to 2.31 billion yen, a 27.8% decrease compared to the same period last year. The operating profit margin decreased from 11.6% in the same period last year to 9.8%.
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Actual Results
| 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 | 95.3 | 38.33 | Feb 13, 2024 | IFRS |
| Dec, 2024 | 106,539 | 19,971 | 20,437 | 16,120 | 150.5 | 60.33 | Feb 14, 2025 | IFRS |
| Dec, 2025 | 119,223 | 20,815 | 21,949 | 15,639 | 147.0 | 73.67 | Feb 13, 2026 | IFRS |
| YoY | +11.9% | +4.2% | +7.4% | -3.0% | -2.4% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2025 Guidance | 116,200 | 19,900 | 19,900 | 14,000 | 131.1 | 73.67 | Nov 14, 2025 | IFRS |
| Dec, 2025 Results | 119,223 | 20,815 | 21,949 | 15,639 | 147.0 | 73.67 | Feb 13, 2026 | IFRS |
| Revision Rate | +2.6% | +4.6% | +10.3% | +11.7% | +12.1% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 | 55,811 | 11,104 | 10,653 | 7,257 | 68.2 | 36.67 | Aug 8, 2025 | IFRS |
| Jan - Jun, 2026 Guidance | 78,400 | 12,100 | 11,400 | 7,800 | 72.6 | 37 | Feb 13, 2026 | IFRS |
| YoY | +40.5% | +9.0% | +7.0% | +7.5% | +6.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2024 | 106,539 | 19,971 | 20,437 | 16,120 | 150.5 | 60.33 | Feb 14, 2025 | IFRS |
| Dec, 2025 | 119,223 | 20,815 | 21,949 | 15,639 | 147.0 | 73.67 | Feb 13, 2026 | IFRS |
| Dec, 2026 Guidance | 167,600 | 26,000 | 24,600 | 16,800 | 156.4 | 75 | Feb 13, 2026 | IFRS |
| YoY | +40.6% | +24.9% | +12.1% | +7.4% | +6.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 28,102 | 3,263 | 4,248 | 3,205 | 29.9 | 11.6 | Feb 14, 2025 | IFRS |
| Jan - Mar, 2025 | 27,200 | 4,315 | 4,372 | 2,814 | 26.3 | 15.9 | May 9, 2025 | IFRS |
| Apr - Jun, 2025 | 28,611 | 6,789 | 6,281 | 4,443 | 41.7 | 23.7 | Aug 8, 2025 | IFRS |
| Jul - Sep, 2025 | 30,442 | 6,471 | 7,068 | 6,069 | 57.1 | 21.3 | Nov 14, 2025 | IFRS |
| Oct - Dec, 2025 | 32,970 | 3,240 | 4,228 | 2,313 | 21.7 | 9.8 | Feb 13, 2026 | IFRS |
| YoY | +17.3% | -0.7% | -0.5% | -27.8% | -27.4% |
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