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Namura Shipbuilding, 29% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Tue May 13, 2025 3:40 pm JST Earnings

7014 Namura Shipbuilding Co.,Ltd. 【J-GAAP】

Earnings Report

Namura Shipbuilding Co.,Ltd. <7014> [TSE Std] announced its financial results after the market closed on May 13th (15:40). The consolidated ordinary profit for the fiscal year ending March 2025 expanded 47.5% from the previous period to 29.5 billion yen. However, for the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 28.8% from the previous period to 21 billion yen.

At the same time, the company increased the annual dividend for the previous term from 35 yen to 50 yen (compared to 20 yen in the prior term), and has decided to reduce the dividend this fiscal year to 40 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 decreased to 4.52 billion yen, a 28.6% decrease compared to the same period last year. However, the operating profit margin rose from 12.6% in the same period last year to 14.7%.

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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 124,080 9,595 11,369 11,194 161.9 5 May 11, 2023 J-GAAP
Mar, 2024 135,006 16,493 20,007 19,954 287.9 20 May 14, 2024 J-GAAP
Mar, 2025 159,227 29,466 29,504 26,245 378.4 50 May 13, 2025 J-GAAP
YoY +17.9% +78.7% +47.5% +31.5% +31.4%

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 155,000 24,000 24,000 22,000 317.1 35 Nov 12, 2024 J-GAAP
Mar, 2025 Results 159,227 29,466 29,504 26,245 378.4 50 May 13, 2025 J-GAAP
Revision Rate +2.7% +22.8% +22.9% +19.3% +19.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 78,281 15,087 14,583 14,286 206.0 20 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 20 May 13, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 135,006 16,493 20,007 19,954 287.9 20 May 14, 2024 J-GAAP
Mar, 2025 159,227 29,466 29,504 26,245 378.4 50 May 13, 2025 J-GAAP
Mar, 2026 Guidance 158,000 21,000 21,000 15,000 215.9 40 May 13, 2025 J-GAAP
YoY -0.8% -28.7% -28.8% -42.8% -42.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 38,051 4,806 6,327 8,442 121.8 12.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 39,760 8,614 9,792 9,694 139.8 21.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 38,521 6,473 4,791 4,592 66.2 16.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 42,440 8,727 10,401 8,237 118.8 20.6 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 38,506 5,652 4,520 3,722 53.7 14.7 May 13, 2025 J-GAAP
YoY +1.2% +17.6% -28.6% -55.9% -55.9%

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