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Nippon Aqua, 18% Increase in Ordinary Profit, Record High for The First Time in Two Years, Dividend Raised by 1 yen

Fri Feb 7, 2025 3:30 pm JST Earnings

1429 Nippon Aqua Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Aqua Co., Ltd. <1429> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending December 2024 decreased 10.7% from the previous period to 2.6 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 17.6% to 3.06 billion yenExpected to reach record high profits for the first time in two years. This will be the fifteenth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 35 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the ordinary profit increased 52.6% from the same period last year, reaching 1.05 billion yen. The operating profit margin improved from 8.3% in the same period last year to 11.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 25,670 2,329 2,359 1,549 48.0 24 Feb 10, 2023 J-GAAP
Dec, 2023 28,341 2,881 2,917 2,004 63.8 32 Feb 14, 2024 J-GAAP
Dec, 2024 30,265 2,575 2,604 1,839 58.6 34 Feb 7, 2025 J-GAAP
YoY +6.8% -10.6% -10.7% -8.2% -8.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 30,000 2,600 2,600 1,755 55.9 34 Nov 8, 2024 J-GAAP
Dec, 2024 Results 30,265 2,575 2,604 1,839 58.6 34 Feb 7, 2025 J-GAAP
Revision Rate +0.9% -1.0% +0.2% +4.8% +4.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 13,112 849 868 579 18.5 0 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 15,579 1,091 1,114 752 23.6 0 Feb 7, 2025 J-GAAP
YoY +18.8% +28.5% +28.3% +29.9% +27.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 28,341 2,881 2,917 2,004 63.8 32 Feb 14, 2024 J-GAAP
Dec, 2024 30,265 2,575 2,604 1,839 58.6 34 Feb 7, 2025 J-GAAP
Dec, 2025 Guidance 34,360 3,004 3,062 2,067 64.8 35 Feb 7, 2025 J-GAAP
YoY +13.5% +16.7% +17.6% +12.4% +10.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,176 682 692 495 15.8 8.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 6,272 445 453 302 9.6 7.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,840 404 415 277 8.8 5.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,705 672 680 464 14.8 8.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 9,448 1,054 1,056 796 25.3 11.2 Feb 7, 2025 J-GAAP
YoY +15.6% +54.5% +52.6% +60.8% +60.7%

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