Nippon Ceramic Co., Ltd. TSE:6929

Nippon Ceramic : Consolidated Financial Results for the fiscal year ended December 31, 2025

Published

Source: MarketScreener

Consolidated Financial Results

for the fiscal year ended December 31, 2025

Nippon Ceramic Co., Ltd. (6929) February, 2026





Note

Estimates for Nippon Ceramic's future operating results contained in these materials are based on information currently available to Nippon Ceramic and its group members and include risks and uncertainties. Consequently, readers are cautioned not to make investment decisions based solely on these estimates. Actual results may differ significantly from these estimates due to a number of factors.

Nippon Ceramic operates in the electronics industry, an industry subject to rapid changes. Furthermore, the global nature of Nippon Ceramic's operations may cause sudden changes in the company's operations due to shifts in technology, demand patterns, prices, competition, national economies, exchange rates and other factors.

This material is translated from the original Japanese. Please note that we cannot guarantee the accuracy of the English translation.

In this earnings announcement, fractional sums of less than one million yen are rounded down

and percentages are calculated from raw data.

Record-high sales and operating profits for the full fiscal year

Sales of automotive safety-related applications increased due to demand for ADAS and recovery in automobile production volume.

Sales for security, home appliances, and lighting applications expanded, and customer inventory adjustments were completed, resulting in increased revenue.

Profitability improved due to increased sales and reduced costs. ROE also improved due to increased shareholder returns.

Announcement of medium-term management plan

Aiming to achieve sales of 30 billion yen, operating profit of

7.15 billion yen, and ROE of 12% or more in the fiscal year ending December 2028

(¥mn)

FY2024

FY2025

Y/Y

Amount

%Sales

Amount

%Sales

Amount

%

Sales

25,037

-

27,325

-

2,287

9.1 %

Gross income

7,189

28.7％

8,571

31.4 ％

1,382

19.2 %

Operating

income

4,961

19.8％

6,228

22.8 ％

1,266

25.5 %

Ordinary

income

5,844

23.3％

7,054

25.8 ％

1,202

20.6 %

Net income attributable to owners of parent

4,162

16.6 ％

7,004

25.6 ％

2,842

68.3 %

Exchange rate (USD)

Average

150.77 yen

149.53 yen

1.24 yen

Appreciation

End of the period

158.18 yen

156.56 yen

1.62 Yen

Appreciation

(¥mn)

23/4Q

24/1Q

24/2Q

24/3Q

24/4Q

25/1Q

25/2Q

25/3Q

25/4Q

Sales

5,988

5,678

6,452

6,351

6,554

6,639

7,038

7,107

6,539

Operating Income

1,046

978

1,271

1,376

1,334

1,510

1,641

1,645

1,430

Operating Income Margin

17.5%

17.2%

19.7%

21.7%

20.4%

22.8%

23.3%

23.1%

21.9%

Ordinary Income

1,058

1,237

1,638

1,149

1,819

1,466

1,654

1,967

1,958

Net Income

685

867

1,157

818

1,319

1,079

3,113

1,396

1,415

Exchange rate (USD)

141.83

151.41

161.07

142.73

158.18

149.52

144.81

148.88

156.56

*Exchange rate is as the end of the quarter

FY2024

1,266 Million yen earning growth

FY2025

2,265

(65)

4,961

Sales

affected by the forex

Cost of sales

Others

Sales

(818)

(115)

6,228

（¥mn）



Sales by Region

  • Domestic sales increased for automotive safety, home appliances, and lighting applications. Far East Asia saw increased sales for automotive safety, eco-friendly vehicles, and security applications.

(¥mn)

FY2024

FY2025

Y/Y

Sales Ratio

Japan

13,913

15,358

10.4 %

56.2%

Far East Asia

9,186

9,921

8.0 %

36.3%

Europe

1,724

1,783

3.4 %

6.5%

North and South America

212

262

23.7 %

1.0%

Total

25,037

27,325

9.1 %

100%

(¥mn)

FY2024

FY2025

Y/Y

Cash flows from operating activities

6,545

4,888

(1,656)

Cash flows from investment activities

8,649

(4,250)

(12,899)

Free cash flow

4,983

2,876

(2,106)

Cash flows from financial activities

(6,425)

(5,367)

1,057

Cash and cash equivalents at beginning of period

15,737

24,806

9,069

Cash and cash equivalents at end of period

24,806

20,099

(4,706)

(¥mn)

FY2024

FY2025

Change

Current assets

45,772

43,276

(2,496)

(Inventory)

5,417

5,104

(312)

Tangible fixed assets

10,354

10,584

230

Intangible fixed assets

325

297

(28)

Investments and other assets

1,893

2,200

306

Total Assets

58,347

56,359

(1,987)

Current liabilities

4,931

5,045

114

Long-term liabilities

1,167

1,276

108

Total Liabilities

6,099

6,321

222

Shareholders' equity

43,842

45,470

1,628

Others

8,404

4,566

(3,837)

Total Net Assets

52,247

50,037

(2,209)

Total Liabilities and Shareholders' Equity

58,347

56,359

(1,987)

Capex

Depreciation

R&D expenses

(¥mn)

2,080

1,265

1,518

(FCT)

1,500

1,492

1,370 1,317

(FCT)

1,400

967

890 911

(FCT)

1,000

600

1,372

600

Of this, investment related to the construction of a new factory in the Philippines.

FY23 FY24 FY25 FY26

（FCT）

FY23 FY24 FY25 FY26

（FCT）

FY23 FY24 FY25 FY26

（FCT）

(¥mn)

FY2025

FY2026

（FCT）

Y/Y

Change Amount

Change

%

Net Sales

27,325

28,000

674

2.5 ％

Operating Income

6,228

6,500

271

4.4 ％

Ordinary Income

7,047

6,700

(347)

(4.9) ％

Net income attributable to owners of parent

7,004

4,700

(2,304)

(32.9) ％

Forex(USD)

149.53yen

(2024 average)

150.00yen

Common dividend

special dividend Dividend payout ratio Total return ratio

160%

131%

161%

65% 87%

90%

59%

64%

69%

51%



100

125

100

125

165

165

125

100

100

50

50

50

25

75

165

40

'21 '22 '23 '24 '25 '26

（FCT）

※We have a basic policy to pay dividend once a year as a year-end dividend.





The sensors created by Nicera will continue to support our living in the future.

(¥mn)

FY2020

FY2021

Progress rate

Auto sensor

(exc. SAP)

6,254

8,397

34.2 ％

Infrared sensor

(exc. Gas sensor)

3,993

5,082

27.2 ％

Module

4,249

4,585

7.9 ％

Ferrite

960

1,410

46.8 ％

Others

1,659

1,882

13.4 ％

Total

17,116

21,358

24.8 ％

(¥mn)

FY2020

FY2021

Y/Y

Automatic lighting

2,028

2,660

31.1 ％

Security

1,067

1,450

35.8 ％

Home appliances

651

765

17.5 ％

Others

247

208

(15.7)

％

Total

3,993

5,082

27.2 ％

(¥mn)

FY2020

FY2021

Y/Y

Car security

642

988

53.8 ％

Car safety

(exc. SAP)

3,759

5,706

51.7 ％

Eco friendly car

1,167

1,116

(4.3)

％

Others

686

587

(14.4)

％

Total

6,254

8,397

34.2 ％

(¥mn)

FY2020

FY2021

Y/Y

Hall element

574

847

47.5 ％

Transformer

406

360

(11.3) ％

Others

（incl. SAP & Gas sensor）

677

673

(0.5) ％

Total

1,659

1,882

13.4 ％

Before After

Wiping cores Shower cleaning

Soaking cores in the tank with ultrasonic cleaner

Reduction of one human work process(Unmanned)

Appearance stain defect rate 0.9%

0.2%





Current Model

New Model



Power Supply



+

LED Load



Combination



Various movements by Bluetooth operation

Show Window Event Space Show Room etc

Multiple brightness selections to suit your application



For commercial facilities

normal spotlight motor driven spotlight

dangerous

＆ difficult

2～3m



safety

＆ easy

Easy operation with Bluetooth



Current Model

New Model



Customer automatic production is now possible

= Cost reduction Under sales expansion activities,and Highly rated by customers

The detection area is wide

FACTORY

Before

Product travel distance

Warehouse

DOOR

１００ｍ

receiving materials and shipping products at the same place

Materials

Products

about 35hours /M

Indistinguishable between materials and products at a glance.

After

Product travel distance

min４ｍ ～ max１５ｍ

Shipment only

FACTORY

Distinguish between materials and products

Receipt only

Efficiency through

Product before inspection

inspection

No inspection



Without taking time to sort reduced by 5 hours with smooth movement

Time shortened without reducing people for deepening knowledge of import/export management 25

Loss amount

consecutive days without

careless mistakes

Average cost per piece



Efforts to reduce mistakes

  • Specify the contents

    ・Visualization of days

  • Enhance cost awareness by unit price and loss amount



FACTORY

Receipt / shipment room

DOOR

shipment

shipment

DOOR

Before

Products and people traveling distance

Risk to products due to steps

１３０ｍ

Risk of product-person collision

FACTORY

Materials

Doorway

DOOR

Door for

Product only

FACTORY

After

door for

people only

Products and people traveling distance

１００ｍ

Easy to move without steps Reduced damage to products

Collision prevention due to one-way traffic

Before After

Reservation place

４１ places

Reservation place

１５ places

Places Places Places



stopped overproducing, wasting trasnport and ueseless action