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Noritsu Koki, First Half Net Income Decreases by 37%

Fri Aug 8, 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 August 8th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) dropped 36.8% from the same period last year to 7.25 billion yen. Progress toward the full-year plan of 10.7 billion yen was 67.8%, also surpassing the four-year average of 61.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to decrease 25.7% from the same period last year to 3.44 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income decreased to 4.44 billion yen, a 28.9% decrease compared to the same period last year. However, the operating profit margin rose from 18.5% in the same period last year to 23.7%.

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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 40,793 7,347 7,196 4,454 41.6 52.6 Aug 10, 2023 IFRS
Jan - Jun, 2024 52,763 12,413 14,107 11,484 107.3 69.0 Aug 9, 2024 IFRS
Jan - Jun, 2025 55,811 11,104 10,653 7,257 68.2 67.9 Aug 8, 2025 IFRS
YoY +5.8% -10.5% -24.5% -36.8% -36.4%

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 51,300 8,000 7,900 5,400 50.9 36.67 May 9, 2025 IFRS
Jan - Jun, 2025 Results 55,811 11,104 10,653 7,257 68.2 36.67 Aug 8, 2025 IFRS
Revision Rate +8.8% +38.8% +34.8% +34.4% +33.9%

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 53,776 8,094 6,330 4,636 43.3 41 Feb 14, 2025 IFRS
Jul - Dec, 2025 Guidance 54,889 4,896 5,047 3,443 32.5 37 Aug 8, 2025 IFRS
YoY +2.1% -39.5% -20.3% -25.7% -25.0%

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 110,700 16,000 15,700 10,700 100.9 73.67 May 9, 2025 IFRS
YoY +3.9% -22.0% -23.2% -33.6% -33.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
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
YoY +10.7% +41.9% -2.8% -28.9% -28.5%

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