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Noritsu Koki, 27% Decrease in Net Income for The Current Fiscal Year, Increased Previous Year's Dividend by 65 yen, This Fiscal Year to Increase Dividend

Fri Feb 14, 2025 3:30 pm JST Earnings

7744 Noritsu Koki Co.,Ltd. 【IFRS】

Earnings Report

Noritsu Koki Co.,Ltd. <7744> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net income for the fiscal year ending December 2024 expanded 58.1% from the previous period to 16.1 billion yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 27.4% from the previous period to 11.7 billion yen.

At the same time, the company increased the annual dividend for the previous term from 116 yen to 181 yen (compared to 115 yen in the prior term), and the annual dividend for this fiscal year is 147 yen, taking into account the forward stock split scheduled to be allocated on June 30, this dividend represents an actual increase of 22.1%.

In the most recent three-month period, from October to December (4Q), the consolidated net income increased 36.0% from the same period last year, reaching 3.2 billion yen. The operating profit margin drastically improved from 7.6% in the same period last year to 15.8%.

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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 73,515 1,262 3,944 101,554 949.5 50.67 Feb 14, 2023 IFRS
Dec, 2023 90,052 14,388 13,677 10,199 95.3 38.33 Feb 13, 2024 IFRS
Dec, 2024 106,539 20,507 20,437 16,120 150.5 60.33 Feb 14, 2025 IFRS
YoY +18.3% +42.5% +49.4% +58.1% +58.0%

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 104,300 18,700 18,500 14,300 133.5 38.67 Nov 28, 2024 IFRS
Dec, 2024 Results 106,539 20,507 20,437 16,120 150.5 60.33 Feb 14, 2025 IFRS
Revision Rate +2.1% +9.7% +10.5% +12.7% +12.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 52,763 12,413 14,107 11,484 107.3 19.33 Aug 9, 2024 IFRS
Jan - Jun, 2025 Guidance 52,500 8,000 7,900 5,400 50.9 36.67 Feb 14, 2025 IFRS
YoY -0.5% -35.6% -44.0% -53.0% -52.5%

Current Period Guidance

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 20,507 20,437 16,120 150.5 60.33 Feb 14, 2025 IFRS
Dec, 2025 Guidance 112,600 17,400 17,100 11,700 110.4 73.67 Feb 14, 2025 IFRS
YoY +5.7% -15.2% -16.3% -27.4% -26.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 25,330 1,914 1,459 2,357 22.0 7.6 Feb 13, 2024 IFRS
Jan - Mar, 2024 26,922 7,627 7,646 5,235 48.9 28.3 May 10, 2024 IFRS
Apr - Jun, 2024 25,841 4,786 6,461 6,249 58.4 18.5 Aug 9, 2024 IFRS
Jul - Sep, 2024 25,674 4,295 2,082 1,431 13.4 16.7 Nov 8, 2024 IFRS
Oct - Dec, 2024 28,102 3,799 4,248 3,205 29.9 13.5 Feb 14, 2025 IFRS
YoY +10.9% +98.5% +191.2% +36.0% +35.9%

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