Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 14, 2025
Company name: NID Co., Ltd.
Listing: Tokyo Stock Exchange Securities code: 2349
URL: http:// https://www.nid.co.jp/ Representative: Shuntaro Komori, President
Inquiries: Hiroshi Kosuge, Director,Corporate Design Manager Telephone: +81-8-3-6221-6811
Scheduled date of annual general meeting of shareholders: June 26, 2025 Scheduled date to commence dividend payments: June 27, 2025 Scheduled date to file annual securities report: June 25, 2025 Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes（Video distribution）
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated Financial Results for the Fiscal Year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)
-
Consolidated Operating Results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Fiscal year ended March 31, 2025
March 31, 2024
Millions of yen
24,968
22,571
%
10.6
10.4
Millions of yen
3,077
2,809
%
9.5
10.4
Millions of yen
3,403
3,126
%
8.9
14.0
Millions of yen
2,367
2,108
%
12.3
△4.6
Note: Comprehensive income For the fiscal year ended March 31, 2025: ¥2,114 million [△11.0%]
For the fiscal year ended March 31, 2024: ¥2,375 million [15.0%]
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary profit to total assets
Ratio of operating profit to net sales
Fiscal year ended March 31, 2025
March 31, 2024
Yen
216.66
191.83
Yen
-
-
%
11.5
11.2
%
12.5
12.4
%
12.3
12.4
-
Consolidated Financial Position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
March 31, 2025
March 31, 2024
Millions of yen
28,233
26,228
Millions of yen
21,529
19,709
%
76.3
75.1
Yen
1,970.56
1,804.00
Reference: Equity
As of March 31, 2025: ¥21,529million
As of March 31, 2024: ¥19,709 million
- Consolidated Cash Flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Fiscal year ended March 31, 2025
March 31, 2024
Millions of yen
2,768
1,846
Millions of yen
△506
△121
Millions of yen
△302
△582
Millions of yen
15,489
13,530
-
Consolidated Operating Results (Percentages indicate year-on-year changes.)
-
Cash Dividends
Annual dividends per share
Total cash dividends (Total)
Payout ratio (Consolidated)
Ratio of dividends to net assets (Consolidated)
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
-
-
Yen
-
-
Yen
-
-
Yen
Yen
Millions of yen
294
305
%
%
Fiscal year ended March 31, 2024
27.00
27.00
14.1
1.6
Fiscal year ended March 31, 2025
28.00
28.00
12.9
1.5
Fiscal year ending March 31, 2026 (Forecast)
-
-
-
29.00
29.00
14.0
-
Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2026 (From April 1, 2025 to March 31, 2026)
* Notes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Net income per share
First half Full Year
Million yen
12,000
25,000
% 0.0
0.1
Million yen
1,250
3,100
%
△17.9
0.7
Million yen
1,370
3,340
%
△20.1
△1.9
Million yen
940
2,270
%
△16.8
△4.1
Yen 86.04
207.77
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2025
13,109,490 shares
As of March 31, 2024
13,109,490 shares
Number of treasury shares at the end of the period
As of March 31, 2025
2,183,932 shares
As of March 31, 2024
2,183,853 shares
Average number of shares outstanding during the period
Fiscal year ended March 31, 2025
10,925,575 shares
Fiscal year ended March 31, 2024
10,989,079 shares
Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
Proper Use of Earnings Forecasts and Other Special Matters
All projections provided in this document are based on the most accurate information available at the time of this writing. The Company does not have the intention of guaranteeing the realization of future performance. Our actual results may differ from our projections due to various unforeseen reasons.
-
Consolidated Financial Statements
-
Consolidated Balance Sheets
(Thousands of yen) As of March 31, 2024 As of March 31, 2025
Assets
Cash and deposits
14,191,896
16,201,663
Notes receivable - trade
143,565
102,318
Accounts receivable - trade
4,043,283
4,057,073
Work in process
198,969
197,148
Other
195,250
210,836
Total current assets
18,772,965
20,769,041
Non-current assets
Property, plant and equipment
Buildings and structures
415,313
492,502
Accumulated depreciation
△240,938
△265,778
Buildings and structures, net
174,374
226,724
Vehicles
36,156
51,732
Accumulated depreciation
△28,728
△33,532
Vehicles, net
7,427
18,199
Tools, furniture and fixtures
341,031
405,497
Accumulated depreciation
△261,555
△284,596
Tools, furniture and fixtures, net
79,475
120,900
Land
20,179
44,765
Leased assets
56,809
56,809
Accumulated depreciation
△39,423
△46,862
Leased assets, net
17,386
9,946
Total property, plant and equipment
298,844
420,536
Intangible assets
Goodwill
182,475
133,815
Software
93,599
49,845
Other
12,958
25,475
Total intangible assets
289,033
209,136
Investments and other assets
Investment securities
5,454,573
5,114,030
Deferred tax assets
884,568
1,094,220
Guarantee deposits
369,388
464,755
Other
158,880
161,362
Total investments and other assets
6,867,411
6,834,369
Total non-current assets
7,455,289
7,464,042
Total assets
26,228,255
28,233,084
Current assets
(Thousands of yen) As of March 31, 2024 As of March 31, 2025
Liabilities
Accounts payable - trade
683,941
747,614
Accounts payable - other
469,837
397,592
Income taxes payable
598,250
571,227
Accrued consumption taxes
259,315
330,473
Advances received
6,613
55
Provision for bonuses
957,289
1,003,008
Provision for loss on orders received
-
98,523
Other
368,978
344,418
Total current liabilities
3,344,226
3,492,913
Current liabilities
Non-current liabilities
Retirement benefit liability 2,531,311 2,551,734
-
Consolidated Balance Sheets
Provision for retirement benefits for directors (and other officers) | 582,787 | 601,787 |
Asset retirement obligations | 49,948 | 55,217 |
Other | 10,128 | 1,924 |
Total non-current liabilities | 3,174,176 | 3,210,663 |
Total liabilities | 6,518,403 | 6,703,576 |
Net assets | ||
Shareholders' equity | ||
Share capital | 653,352 | 653,352 |
Capital surplus | 488,675 | 488,675 |
Retained earnings | 19,579,581 | 21,651,768 |
Treasury shares | △1,875,617 | △1,875,795 |
Total shareholders' equity | 18,845,991 | 20,917,999 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale 851,352 603,960 securities | ||
Remeasurements of defined benefit plans | 12,508 | 7,546 |
Total accumulated other comprehensive income | 863,861 | 611,507 |
Total net assets | 19,709,852 | 21,529,507 |
Total liabilities and net assets | 26,228,255 | 28,233,084 |
-
Consolidated Statements of Income
Fiscal year ended March 31, 2024
(Thousands of yen)
Fiscal year ended March 31, 2025
Net sales
22,571,171
24,968,551
Cost of sales
17,301,133
19,286,675
Gross profit
5,270,037
5,681,876
Selling, general and administrative expenses
2,460,243
2,604,749
Operating profit
2,809,793
3,077,126
Non-operating income
Interest income
7,035
3,597
Dividend income
215,484
300,532
Gain on investments in investment partnerships
-
43,731
Gain on sale of investment securities
33
-
gain on redemption of investment securities
35,365
-
Insurance claim income
4,901
8,106
Subsidy income
44,477
52,872
Other
24,075
12,097
Total non-operating income
331,373
420,938
Non-operating expenses
Interest expenses
1,200
1,294
investment partnership management fee
1,420
36,548
Loss on sale of investment securities
-
50,301
Taxes and dues
6,790
1,466
Other
5,443
5,326
Total non-operating expenses
14,854
94,937
Ordinary profit
3,126,312
3,403,127
Extraordinary losses
Loss on retirement of non-current assets
325
2,844
Loss on valuation of investment securities
1,499
62,765
Loss on sale of investment securities
4,993
-
Total extraordinary losses
6,819
65,609
Profit before income taxes
3,119,492
3,337,517
Income taxes - current
1,046,314
1,070,098
Income taxes - deferred
△34,832
△99,759
Total income taxes
1,011,482
970,338
Profit
2,108,010
2,367,179
Profit attributable to
Profit attributable to owners of parent
2,108,010
2,367,179
Profit attributable to non-controlling interests
-
-
Other comprehensive income
Valuation difference on available-for-sale securities
266,497
△247,392
Remeasurements of defined benefit plans, net of tax
677
△4,961
Total other comprehensive income
267,175
△252,353
Comprehensive income
2,375,186
2,114,825
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
2,375,186
2,114,825
Comprehensive income attributable to non-controlling interests
-
-
- Consolidated Statements of Changes in Shareholders' Equity
Consolidated Financial Results for the Fiscal Year 2024 (From April 1, 2023 to March 31, 2024)
(Thousand yen)
Shareholders' equity | |||||
Capital stock | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of current period | 653,352 | 488,675 | 17,760,317 | △1,587,797 | 17,314,547 |
Changes of items during period | |||||
Dividends of surplus | △288,746 | △288,746 | |||
Profit attributable to owners of parent | 2,108,010 | 2,108,010 | |||
Purchase of treasury shares | △287,820 | △287,820 | |||
Net changes of items other than shareholders' equity | |||||
Total changes of items during period | 1,819,263 | △287,820 | 1,531,443 | ||
Balance at end of current period | 653,352 | 488,675 | 19,579,581 | △1,875,617 | 18,845,991 |
Accumulated other comprehensive income | Total net assets | |||
Valuation difference on available-for-sale securities | Remeasureme nts of defined benefit plans | Total accumulated other comprehensi ve income | ||
Balance at beginning of current period | 584,855 | 11,830 | 596,685 | 17,911,232 |
Changes of items during period | ||||
Dividends of surplus | △288,746 | |||
Profit attributable to owners of parent | 2,108,010 | |||
Purchase of treasury shares | △287,820 | |||
Net changes of items other than shareholders' equity | 266,497 | 677 | 267,175 | 267,175 |
Total changes of items during period | 266,497 | 677 | 267,175 | 1,798,619 |
Balance at end of current period | 851,352 | 12,508 | 863,861 | 19,709,852 |
Consolidated Financial Results for the Fiscal Year 2025 (From April 1, 2024 to March 31, 2025)
(Thousand yen)
Shareholders' equity | |||||
Capital stock | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of current period | 653,352 | 488,675 | 19,579,581 | △1,875,617 | 18,845,991 |
Changes of items during period | |||||
Dividends of surplus | △294,992 | △294,992 | |||
Profit attributable to owners of parent | 2,367,179 | 2,367,179 | |||
Purchase of treasury shares | △178 | △178 | |||
Net changes of items other than shareholders' equity | |||||
Total changes of items during period | 2,072,186 | △178 | 2,072,008 | ||
Balance at end of current period | 653,352 | 488,675 | 21,651,768 | △1,875,795 | 20,917,999 |
Accumulated other comprehensive income | Total net assets | |||
Valuation difference on available-for-sale securities | Remeasureme nts of defined benefit plans | Total accumulated other comprehensi ve income | ||
Balance at beginning of current period | 851,352 | 12,508 | 863,861 | 19,709,852 |
Changes of items during period | ||||
Dividends of surplus | △294,992 | |||
Profit attributable to owners of parent | 2,367,179 | |||
Purchase of treasury shares | △178 | |||
Net changes of items other than shareholders' equity | △247,392 | △4,961 | △252,353 | △252,353 |
Total changes of items during period | △247,392 | △4,961 | △252,353 | 1,819,655 |
Balance at end of current period | 603,960 | 7,546 | 611,507 | 21,529,507 |
(4) Consolidated Statements of Cash Flows | (Thousands of yen) | ||
Fiscal year ended | Fiscal year ended | ||
March 31, 2024 | March 31, 2025 | ||
Cash flows from operating activities | |||
Profit before income taxes | 3,119,492 | 3,337,517 | |
Depreciation | 108,240 | 113,810 | |
Amortization of goodwill | 48,660 | 48,660 | |
Increase (decrease) in retirement benefit liability | 48,188 | 13,139 | |
Increase (decrease) in provision for retirement benefits for 25,800 19,000 | |||
directors (and other officers) | |||
Increase (decrease) in provision for bonuses | 25,532 | 45,719 | |
Increase (decrease) in provision for loss on orders received | - | 98,523 | |
Interest and dividend income | △222,514 | △304,129 | |
Interest expenses | 1,200 | 1,294 | |
Loss (gain) on sale of investment securities | 4,960 | 50,301 | |
Loss (gain) on redemption of investment securities | △35,365 | - | |
Loss (gain) on valuation of investment securities | 1,499 | 62,765 | |
Loss on retirement of property, plant and equipment | 325 | 0 | |
Loss on retirement of intangible assets | - | 2,844 | |
Decrease (increase) in trade receivables | △652,534 | 27,457 | |
Decrease (increase) in inventories | △51,381 | 1,741 | |
Decrease (increase) in other current assets | △38,753 | △13,736 | |
Decrease (increase) in other non-current assets | △242 | 1,690 | |
Increase (decrease) in trade payables | 78,700 | 63,672 | |
Increase (decrease) in accounts payable - other | 109,416 | △55,186 | |
Increase (decrease) in accrued consumption taxes | △49,507 | 71,157 | |
Increase (decrease) in other current liabilities | 119,624 | △31,502 | |
Other, net | 4,052 | 13,155 | |
Subtotal | 2,645,393 | 3,567,896 | |
Interest and dividends received | 220,755 | 302,307 | |
Interest paid | △1,200 | △1,294 | |
Income taxes paid | △1,018,110 | △1,100,092 | |
Net cash provided by (used in) operating activities | 1,846,837 | 2,768,817 | |
Cash flows from investing activities | |||
Payments into time deposits | △0 | △50,000 | |
Purchase of investment securities | △1,023,137 | △555,999 | |
Proceeds from sale and redemption of investment securities | 979,619 | 419,250 | |
Purchase of property, plant and equipment | △19,841 | △201,614 | |
Purchase of intangible assets | △39,097 | △18,938 | |
Payments of guarantee deposits | △15,323 | △95,366 | |
Proceeds from refund of guarantee deposits | 62 | - | |
Purchase of insurance funds | △4,172 | △4,172 | |
Net cash provided by (used in) investing activities | △121,890 | △506,841 | |
Cash flows from financing activities | |||
Proceeds from short-term borrowings | 720,000 | 720,000 | |
Repayments of short-term borrowings | △720,000 | △720,000 | |
Dividends paid | △288,339 | △295,191 | |
Purchase of treasury shares | △287,820 | △178 | |
Other, net | △6,435 | △6,889 | |
Net cash provided by (used in) financing activities | △582,595 | △302,259 | |
Net increase (decrease) in cash and cash equivalents | 1,142,351 | 1,959,715 | |
Cash and cash equivalents at beginning of period | 12,387,759 | 13,530,111 | |
Cash and cash equivalents at end of period | 13,530,111 | 15,489,827 | |