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Nippon Aqua, First Half Ordinary Profit Increases by 27%, Apr-Jun Ordinary Profit Increases by 38%

Fri Aug 8, 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 August 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 27.0% from the same period last year, reaching 1.10 billion yen. However, Progress toward the full-year plan of 3.06 billion yen was 36.0%, almost the same as the five-year average of 37.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the July to December period (second half) is expected to grow 12.9% from the same period last year, reaching 1.96 billion yen.

In the most recent three-month period, from April to June (2Q), the ordinary profit increased 38.1% from the same period last year, reaching 0.57 billion yen. The operating profit margin improved from 5.9% in the same period last year to 6.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 13,158 1,380 1,400 948 30.2 48.0 Aug 10, 2023 J-GAAP
Jan - Jun, 2024 13,112 849 868 579 18.5 33.3 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 15,983 1,091 1,102 748 23.4 36.0 Aug 8, 2025 J-GAAP
YoY +21.9% +28.5% +27.0% +29.2% +27.0%

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 15,579 1,091 1,114 752 23.6 0 Feb 7, 2025 J-GAAP
Jan - Jun, 2025 Results 15,983 1,091 1,102 748 23.4 0 Aug 8, 2025 J-GAAP
Revision Rate +2.6% 0.0% -1.1% -0.5% -0.6%

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 17,153 1,726 1,736 1,260 40.1 34 Feb 7, 2025 J-GAAP
Jul - Dec, 2025 Guidance 18,377 1,913 1,960 1,319 41.4 35 Aug 8, 2025 J-GAAP
YoY +7.1% +10.8% +12.9% +4.7% +3.1%

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
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
Jan - Mar, 2025 7,501 526 529 359 11.3 7.0 May 9, 2025 J-GAAP
Apr - Jun, 2025 8,482 565 573 389 12.2 6.7 Aug 8, 2025 J-GAAP
YoY +24.0% +39.9% +38.1% +40.4% +38.1%

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