Nifco Inc. TSE:7988

Nifco : FY2025 Financial Results （Preliminary Announcement）

Published May 14, 2026 at 5:05 a.m. UTC

Source: MarketScreener

FY2025 Financial Results

（Preliminary Announcement）

Nifco Inc.

1. Overview of FY2025 Consolidated

Maintained high OPM despite a temporary decrease in profit

•

Sales decreased YoY, but exceeded the forecasts. OPM remained at a

high level of 13.6%.

Net income is 34.0bn, higher than the forecasts.

FY2024

4Q cumulative

4Q cumulative

FY2025

Full-year

Achievement

Forecasts rate

Net Sales

Operating profit (OP margin)	49.2bn (13.9%)	48.0bn (13.6%)	49.5bn (14.2%)	97.0%
Net income1）	44.7bn	34.0bn	30.6bn	111.1%
EPS	461.95yen	361.44yen	315.76yen	114.5%
ROE	17.2%	12.0%	12.0%	ー

353.0bn

FX rates

1USD=JPY151.7

352.7bn

1USD=JPY149.7

348.0bn

1USD=JPY145

101.4%

ー

1) Net income is net income attributable to parent company

2. Financial Highlights

Historical Net sales and Operating Profit for 4Q Cumulative

Although Net sales declined YoY, OPM remained at a high level of around 13.6%.

North America Germany and others others OPM

Unit: 0.1 billions of yen

The Acquisition of

The Sale of Subsidiaries Engaged in Business for German Customers

13.6%

3,527

Bed/ Furniture

Subsidiaries Engaged in Business for German Customers

Covid19

11%

Korea

27%

The Collapse of Lehman Brothers

Japan

54%

09 4Q 10 4Q 11 4Q 12 4Q 13 4Q 14 4Q 15 4Q 16 4Q 17 4Q 18 4Q 19 4Q 20 4Q 21 4Q 22 4Q 23 4Q 24 4Q 25 4Q

3. Overview of FY2025 4Q Consolidated

Net sales steadily increased on a quarterly basis.

Due in part to exchange rate effects, net sales increased YoY.
Operating profit was influenced by a temporary impact of approximately 1.0 billion yen in 4Q, due to an increase in unrealized inventory profits related to production preparation.
Net income decreased YoY, mainly due to the recognition of impairment losses.

Net Sales (bn yen)

Operating Profit, Net Income, OPM (bn yen, ％)

90.1

86.1

87.8

89.0

89.2

90.3

85.5 87.5

14.7%

15.2%

14.5%

13.8%

14.1%

13.9%

12.7%

OPM

11.

16.8

11.9

13.2

12.7

12.5 11.3

13.0

12.1

12.6 Operating

8.8

9.8

8.6

Profit

10.1 10.4

6.6

5.5

Net Income

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY2024 FY2025

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY2024 FY2025

4. FY2025 4Q Consolidated OP (YoY)

Operating Profit Analysis (YoY).

Material costs were on an upward trend, but marginal profit increased, mainly due to higher sales, lower outsourcing costs, and improvement initiatives.
The increase in fixed costs were mainly due to higher personnel costs, utilities costs and advertising expenses.
Expenses increased due to one-off factors, including temporary costs for a new plant in North America, restructuring at a plant in Thailand and unrealized profit in inventory.

+1.0bn

+1.4bn

-3.0bn

-0.6bn

49.2bn

48.0bn

Operating profit

(FY2024 full-year)

Sales factors

Marginal profit facotrs

Fixed cost facotrs

FX rate factors

Operating profit

(FY2025 full-year)

5. FY2025 4Q by Segment 1

FY2025 4Q Sales and OPM

(Billions of yen)

Consolidated

YoY:Sales -0.1% OP -2.3%

Plastics

YoY:Sales -0.1% OP -2.8%

Bed

YoY:Sales -0.4% OP+0.4%

353.0 352.7

49.2 48.0

315.9 315.7

49.0 47.6

24/4Q 25/4Q

37.1 37.0

24/4Q 25/4Q

5.9 6.0

24/4Q 25/4Q

OPM -0.3pts

OPM -0.4pts

OPM +0.1pts

13.9% 13.6%

15.5% 15.1%

16.1% 16.2%

24/4Q 25/4Q 24/4Q 25/4Q 24/4Q 25/4Q

1) Overseas: January - December 2025, Japan: April 2025 - March 2026

6. FY2025 4Q by Segment (Plastics) 1

FY2025 4Q Sales and OPM

(Billions of yen)

Japan

North America

Europe

Mold Sales Increased, but OP Declined Due

to Rising Prices and Other Factors

OP Declined Due to the Impact of New Plant

Start-Up

Despite Reduced Production by OEMs,

Profits Were Maintained

84.8

87.3

19.1%

18.1%

16.1

15.8

24/4Q 25/4Q

91.3 91.7

9.4%

10.3%

8.8%

29.0 29.4

3.0

2.6

24/4Q 25/4Q

9.1%

8.5 8.3

24/4Q 25/4Q

Asia (including China and India)

China

India

Despite the decrease in sales, Profits Were

Maintained

OP Maintained Despite Production Cuts by

Korean OEMs

Despite the decrease in sales, OP increased

by improving actions

19.2%

19.5%

20.2%

21.7%

20.4%

110.8 107.2

24/4Q 25/4Q

21.3 20.9

24/4Q 25/4Q

30.7 29.6

24/4Q 25/4Q

6.2 6.4

24/4Q 25/4Q

10.4 10.3

24/4Q 25/4Q

2.3 2.1

24/4Q 25/4Q

1) Overseas: January - December 2025, Japan: April 2025 - March 2026

7. FY2025 4Q by Segment (Bed) 1

FY2025 4Q Sales and OPM

Bed

(Billions of yen)

YoY:Sales -0.4% OP+0.4%

37.1 37.0

24/4Q 25/4Q

5.9 6.0

Bed:Japan

Hotel and Export Businesses Performed Well,

While Retail Sales Struggled

OPM -0.1pts

24/4Q 25/4Q

2.8

19.8

20.1

Bed:Asia

Weakness in Hong Kong, Strength in China

OPM +0.1pts

24/4Q 25/4Q

3.2

3.1

17.2

17.0

24/4Q 25/4Q

OPM +0.1pts

16.1% 16.2% 14.2% 14.1% 18.4% 18.5%

24/4Q 25/4Q 24/4Q 25/4Q 24/4Q 25/4Q

1) Overseas: January - December 2025, Japan: April 2025 - March 2026

8. Installed Value Per Vehicle for FY2025

Installed Value per Vehicle

Domestic average installed value per vehicle is increasing steadily.
FY2025 Mass production launch models also show increased installed value per vehicle.

Average installed value per vehicle

(Japan)（yen/units）

Customer mix global (plastics)

9,623

8,199

5,739

5,333

4,525

3,509

105.5bn

315.9bn

315.7bn

16.0%

5.3%

18.3%

27.4%

29.9%

8.0%

10.8%

6.3%

10.7%

4.1%

11.7%

7.6%

11.8%

11.9%

7.7%

10.8%

28.6%

26.2%

24.2%

12.6%

10.1%

Non automobile

Other

non-Japanese OEM

Korean OEM

Other Japanese OEM

Honda Nissan

Toyota

FY2000 FY2005 FY2010 FY2015 FY2020 FY2025

FY2011 FY2024 FY2025

•

Operating CF decreased YoY due to modification in way of payment to domestic

suppliers.

Ending cash equivalent is at the same level of previous year.

9. CAPEX and Depreciation

Allocate funds with emphasis on cashflow-oriented management

(JPN)

FY2024(Full-Year) FY2025(Full-Year) Change

Plan(FY2025)

CAPEX

Depreciation

R&D

Operating CF

Investment CF

Free CF

Financial CF

Cash equivalent

balance

Forward-looking statements or projections included in this document, including earnings projections, are based on currently available information and certain premises that are judged to be rational at the time of this writing. Actual results may differ greatly from the forecast figures depending on various factors.