DISCLAIMER: This document has been translated from a part of 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: NISSEI ASB MACHINE CO., LTD.
Listing: Tokyo Stock Exchange
Securities code: 6284
URL: https://www.nisseiasb.co.jp
Representative: Makoto Fujiwara, Representative Director,President
Inquiries: Yuichi Yamamoto, Director and General Manager, Administration Division Telephone: +81-267-23-1560
Scheduled date to file semi-annual securities report: May 15, 2025
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for institutional investors and analysts)
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the six months ended March 31, 2025 (from October 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
Six months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2025
21,902
31.6
5,476
59.6
5,745
65.4
4,008
54.0
March 31, 2024
16,648
7.2
3,432
6.0
3,473
63.7
2,603
73.5
Note: Comprehensive income For the six months ended March 31, 2025:
¥4,764 million
[55.8%]
For the six months ended March 31, 2024:
¥3,058 million
[-%]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
March 31, 2025
267.42
-
March 31, 2024
173.64
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
Millions of yen
Millions of yen
%
March 31, 2025
76,322
55,364
72.5
September 30, 2024
72,761
52,848
72.6
Reference: Equity
As of March 31, 2025: ¥55,310 million
As of September 30, 2024: ¥52,802 million
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended September 30, 2024
-
0.00
-
150.00
150.00
Fiscal year ending September 30, 2025
-
0.00
Fiscal year ending September 30, 2025 (Forecast)
160.00
160.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- Forecast of consolidated financial results for the fiscal year ending September 30, 2025 (from October 1, 2024 to September 30, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Fiscal year ending September 30, 2025 | Millions of yen 41,000 | % 11.5 | Millions of yen 9,000 | % 13.8 | Millions of yen 9,100 | % 13.6 | Millions of yen 6,350 | % 9.9 | Yen 423.58 |
Note: Revisions to the earnings forecasts most recently announced: None
* NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements:None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
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
15,348,720 shares
As of September 30, 2024
15,348,720 shares
Number of treasury shares at the end of the period
As of March 31, 2025
357,576 shares
As of September 30, 2024
357,576 shares
Average number of shares outstanding during the period(cumulative from the beginning of the fiscal year)
Six months ended March 31, 2025 | 14,991,144 shares |
Six months ended March 31, 2024 | 14,991,286 shares |
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
(Cautions on forward-looking statements, etc.)
The earnings forecasts described in this document are forecasts based on information available to the Company and certain assumptions that the Company deems reasonable, and actual results may differ due to various factors. For information on the assumptions on which earnings forecasts are based and precautions for using earnings forecasts, please refer to "1. Summary of Operating Results, etc. (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."
(Method of accessing supplementary material on financial results)
The Company plans to hold an earnings briefing for institutional investors and analysts on May 27, 2025. The supplementary financial results explanatory materials distributed at this briefing will be posted on the Company's website by the time of the financial results briefing.
Semi-annual consolidated balance sheet | |||
(Millions of yen) | |||
As of September 30, 2024 | As of March 31, 2025 | ||
Assets | |||
Current assets | |||
Cash and deposits | 28,439 | 30,026 | |
Notes and accounts receivable - trade | 7,072 | 9,193 | |
Merchandise and finished goods | 2,604 | 3,151 | |
Work in process | 8,012 | 7,086 | |
Raw materials and supplies | 7,561 | 7,627 | |
Other | 1,533 | 1,641 | |
Allowance for doubtful accounts | (117) | (106) | |
Total current assets | 55,106 | 58,620 | |
Non-current assets
Property, plant and equipment
Buildings and structures, net | 5,113 | 5,103 |
Machinery, equipment and vehicles, net | 5,709 | 5,391 |
Land | 1,988 | 1,988 |
Other, net | 2,919 | 3,099 |
Total property, plant and equipment | 15,730 | 15,582 |
Intangible assets | 127 | 170 |
Investments and other assets | ||
Investment securities | 449 | 597 |
Other | 1,442 | 1,451 |
Allowance for doubtful accounts | (95) | (100) |
Total investments and other assets | 1,796 | 1,949 |
Total non-current assets | 17,654 | 17,702 |
Total assets | 72,761 | 76,322 |
(Millions of yen)
As of September 30, 2024 | As of March 31, 2025 | |||
Liabilities | ||||
Current liabilities | ||||
Notes and accounts payable - trade | 2,270 | 2,152 | ||
Short-term borrowings | 1,493 | 1,493 | ||
Income taxes payable | 473 | 1,088 | ||
Contract liabilities | 4,889 | 5,900 | ||
Provision for bonuses | 674 | 622 | ||
Provision for bonuses for directors (and other officers) | 39 | 19 | ||
Other | 2,022 | 2,385 | ||
Total current liabilities | 11,862 | 13,662 | ||
Non-current liabilities | ||||
Long-term borrowings | 6,118 | 5,371 | ||
Provision for retirement benefits for directors (and other officers) | 565 | 591 | ||
Retirement benefit liability | 1,107 | 1,108 | ||
Other | 259 | 224 | ||
Total non-current liabilities | 8,050 | 7,295 | ||
Total liabilities | 19,912 | 20,958 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 3,860 | 3,860 | ||
Capital surplus | 3,196 | 3,196 | ||
Retained earnings | 45,665 | 47,426 | ||
Treasury shares | (302) | (302) | ||
Total shareholders' equity | 52,420 | 54,180 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale securities | 224 | 320 | ||
Foreign currency translation adjustment | 230 | 907 | ||
Remeasurements of defined benefit plans | (71) | (97) | ||
Total accumulated other comprehensive income | 382 | 1,129 | ||
Non-controlling interests | 45 | 53 | ||
Total net assets | 52,848 | 55,364 | ||
Total liabilities and net assets | 72,761 | 76,322 |
Semi-annual consolidated statement of income | |||
(Millions of yen) | |||
Six months ended March 31, 2024 | Six months ended March 31, 2025 | ||
Net sales | 16,648 | 21,902 | |
Cost of sales | 8,779 | 11,637 | |
Gross profit | 7,869 | 10,265 | |
Selling, general and administrative expenses | 4,436 | 4,788 | |
Operating profit | 3,432 | 5,476 | |
Non-operating income | |||
Interest income | 107 | 105 | |
Dividend income | 5 | 7 | |
Foreign exchange gains | 8 | 106 | |
Other | 43 | 95 | |
Total non-operating income | 164 | 314 | |
Non-operating expenses | |||
Interest expenses | 19 | 16 | |
Loss on valuation of investment securities | 60 | - | |
Loss on retirement of non-current assets | 1 | 10 | |
Litigation expenses | 19 | 6 | |
Other | 22 | 11 | |
Total non-operating expenses | 123 | 45 | |
Ordinary profit | 3,473 | 5,745 | |
Profit before income taxes | 3,473 | 5,745 | |
Income taxes - current | 1,048 | 1,713 | |
Income taxes - deferred | (176) | 13 | |
Total income taxes | 872 | 1,727 | |
Profit | 2,600 | 4,017 | |
Profit (loss) attributable to non-controlling interests | (2) | 8 | |
Profit attributable to owners of parent | 2,603 | 4,008 | |
Semi-annual consolidated statement of comprehensive income | |||
(Millions of yen) | |||
Six months ended March 31, 2024 | Six months ended March 31, 2025 | ||
Profit | 2,600 | 4,017 | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | 67 | 96 | |
Foreign currency translation adjustment | 386 | 676 | |
Remeasurements of defined benefit plans, net of tax | 3 | (25) | |
Total other comprehensive income | 457 | 746 | |
Comprehensive income | 3,058 | 4,764 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 3,060 | 4,756 | |
Comprehensive income attributable to non-controlling interests | (2) | 8 | |
(Millions of yen)
Six months ended March 31, 2025Cash flows from operating activities | ||
Profit before income taxes | 3,473 | 5,745 |
Depreciation | 926 | 930 |
Increase (decrease) in allowance for doubtful accounts | (11) | (15) |
Interest and dividend income | (112) | (112) |
Interest expenses | 19 | 16 |
Loss (gain) on valuation of investment securities | 60 | - |
Decrease (increase) in trade receivables | 343 | (1,992) |
Decrease (increase) in inventories | (435) | 605 |
Increase (decrease) in trade payables | (286) | (235) |
Increase (decrease) in contract liabilities | 871 | 949 |
Other, net | (368) | 196 |
Subtotal | 4,480 | 6,087 |
Interest and dividends received | 115 | 109 |
Interest paid | (21) | (17) |
Income taxes paid | (836) | (1,336) |
Net cash provided by (used in) operating activities | 3,738 | 4,843 |
Cash flows from investing activities | ||
Purchase of property, plant and equipment | (281) | (443) |
Purchase of intangible assets | (53) | (63) |
Purchase of investment securities | (10) | (10) |
Other, net | 1 | 13 |
Net cash provided by (used in) investing activities | (343) | (502) |
Cash flows from financing activities | ||
Repayments of long-term borrowings | (746) | (746) |
Purchase of treasury shares | (0) | - |
Dividends paid | (1,796) | (2,246) |
Other, net | (39) | (38) |
Net cash provided by (used in) financing activities | (2,583) | (3,032) |
Effect of exchange rate change on cash and cash equivalents | 171 | 279 |
Net increase (decrease) in cash and cash equivalents | 982 | 1,587 |
Cash and cash equivalents at beginning of period | 23,578 | 28,439 |
Cash and cash equivalents at end of period | 24,561 | 30,026 |
(Notes on segment information, etc.) Segment Information
Previous interim consolidated accounting period (October 1, 2023 to March 31, 2024)
Information on sales and the amount of profit or loss for each reported segment, as well as information on the breakdown of revenues
(in millions of yen)
Reportable segments
Adjustment amount (Note) 1
Interim Consolidated Statements of Income (Note 2)
America
Europe
South and West Asia
East Asia
Total
Sales
Revenue generated from customer contracts
5,997
3,329
5,266
2,055
16,648
-
16,648
Other Earnings
-
-
-
-
-
-
-
Revenues from external customers
5,997
3,329
5,266
2,055
16,648
-
16,648
Transactions with other segments
27
10
5,664
9,142
14,844
(14,844)
-
Total
6,025
3,339
10,930
11,197
31,493
(14,844)
16,648
Segment Profit
976
430
1,354
2,171
4,933
(1,501)
3,432
Note: 1. Segment profit adjustment of (1,501) million yen includes (1,448) million yen in company-wide expenses and (52) million yen in inter-segment transaction elimination that has not been allocated to each reporting segment. Corporate expenses are general and administrative expenses that are not primarily attributable to the reporting segment.
Segment profit is adjusted to operating income in the interim consolidated statements of income.
Interim Consolidated Accounting Period (October 1, 2024 to March 31, 2025)
Information on sales and the amount of profit or loss for each reported segment, as well as information on the breakdown of revenues
(in millions of yen)
Reportable segments
Adjustment amount (Note) 1
Interim Consolidated Statements of Income (Note 2)
America
Europe
South and West Asia
East Asia
Total
Sales
Revenue generated from customer contracts
6,957
3,816
6,382
4,745
21,902
-
21,902
Other Earnings
-
-
-
-
-
-
-
Revenues from external customers
6,957
3,816
6,382
4,745
21,902
-
21,902
Transactions with other segments
81
61
6,994
9,982
17,119
(17,119)
-
Total
7,038
3,878
13,376
14,727
39,021
(17,119)
21,902
Segment Profit
1,330
637
2,025
3,049
7,043
(1,567)
5,476
Note: 1. Segment profit adjustment of (1,567) million yen includes (1,607) million yen in company-wide expenses and 39 million yen in elimination of inter-segment transactions that have not been allocated to each reporting segment. Corporate expenses are general and administrative expenses that are not primarily attributable to the reporting segment.
Segment profit is adjusted to operating income in the interim consolidated statements of income.