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Noritsu Koki, Net Income Forecast for the Fiscal Year Revised Upward by 31%

Fri Nov 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 November 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) increased 3.2% from the same period last year, reaching 13.3 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 30.8%, from the previous forecast of 10.7 billion yen to 14.0 billion yen (compared to 16.1 billion yen in the previous period), and the declining rate is expected to decrease from 33.6% to 13.2%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the July to December period (second half) is expected to increase 95.8%, from the previous forecast of 3.44 billion yen to 6.74 billion yen (compared to 4.63 billion yen in the same period of the previous year), turning to a 45.4% increase in the consolidated net income outlook.

At the same time, due to a planned 3-for-1 forward stock split is scheduled for June 30, the annual dividend for the current fiscal year has been revised from the original plan of 147 yen to 147 yen (equivalent to 221 yen before the forward stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from July to September (3Q), the consolidated net income surged 4.2 times that of the same period last year, reaching 6.06 billion yen. The operating profit margin rose from 16.7% in the same period last year to 21.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 64,722 12,474 12,218 7,842 73.3 89.3 Nov 13, 2023 IFRS
Jan - Sep, 2024 78,437 16,708 16,189 12,915 120.6 79.2 Nov 8, 2024 IFRS
Jan - Sep, 2025 86,253 17,575 17,721 13,326 125.4 89.1 Nov 14, 2025 IFRS
YoY +10.0% +5.2% +9.5% +3.2% +3.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 54,889 4,896 5,047 3,443 32.5 37 Aug 8, 2025 IFRS
Jul - Dec, 2025 New 60,389 8,796 9,247 6,743 63.6 37 Nov 14, 2025 IFRS
Revision Rate +10.0% +79.7% +83.2% +95.8% +95.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 110,700 16,000 15,700 10,700 100.9 73.67 May 9, 2025 IFRS
Dec, 2025 New 116,200 19,900 19,900 14,000 132.1 73.67 Nov 14, 2025 IFRS
Revision Rate +5.0% +24.4% +26.8% +30.8% +30.8%

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 60,389 8,796 9,247 6,743 63.6 37 Nov 14, 2025 IFRS
YoY +12.3% +8.7% +46.1% +45.4% +46.9%

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 116,200 19,900 19,900 14,000 132.1 73.67 Nov 14, 2025 IFRS
YoY +9.1% -3.0% -2.6% -13.2% -12.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 30,442 6,471 7,068 6,069 57.1 21.3 Nov 14, 2025 IFRS
YoY +18.6% +50.7% +239.5% +324.1% +327.3%

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