April 10, 2025
To all persons concerned:
NPC Incorporated
1-7-15 Higashi-ueno, Taito-ku
Tokyo 110-0015, Japan
Announcement on Revision of Business Forecasts for Fiscal Year 2025
NPC Incorporated ("the Company") hereby notifies revision of the business forecasts for the fiscal year 2025 announced on October 15, 2024.
Description
1. Revision of the forecasts for the full year of fiscal year 2025
Revision of consolidated business forecasts for the full year (September 1, 2024 through August 31, 2025)
(Million yen)
Operating | Ordinary | Net income | Net income | ||
Sales | attributable to | ||||
income | income | per share (yen) | |||
owners of the parent | |||||
Previous forecasts (A) | 10,925 | 2,069 | 2,069 | 1,549 | 71.88 |
Revised forecasts (B) | 9,294 | 1,904 | 1,896 | 1,195 | 55.35 |
Amount of increase/decrease (B-A) | (1,631) | (165) | (173) | (354) | - |
Change (%) | (14.9) | (8.0) | (8.4) | (22.9) | - |
[Reference] Full year of FY2024 | 10,797 | 2,436 | 2,426 | 1,676 | 77.81 |
[Note] The numbers parenthesized represent minus figures.
Revision of non-consolidated business forecasts for the full year (September 1, 2024 through August 31, 2025)
(Million yen) | |||||
Sales | Operating | Ordinary | Net income | Net income | |
income | income | per share (yen) | |||
Previous forecasts (A) | 10,729 | 2,018 | 2,018 | 1,515 | 70.31 |
Revised forecasts (B) | 9,029 | 1,730 | 1,724 | 1,074 | 49.73 |
Amount of increase/decrease (B-A) | (1,700) | (288) | (294) | (441) | - |
Change (%) | (15.8) | (14.3) | (14.6) | (29.1) | - |
[Reference] Full year of FY2024 | 10,590 | 2,311 | 2,322 | 1,581 | 73.38 |
[Note] The numbers parenthesized represent minus figures.
[Reasons for the differences]
While sales of the order backlog at the end of the last fiscal year will be booked as scheduled, sales are
expected to be lower than the initial forecast. This is due to the following reasons: a decrease in projects for upgrading the equipment units due to the Company's primary customer in the US prioritizing the operation of the factory, and a holdback of orders by the primary customer because of uncertain policies of the new US government. In terms of profits, it is also expected to be lower than the initial forecast because of a decrease in sales, an increase in SG&A expenses, and an increase in operating expenses due to exchange losses caused by accrued overseas taxes. However, the rate of decrease in operating income and ordinary income is expected to be lower than that of sales, since the gross profit rate is expected to improve from the initial forecast by reducing costs of items such as materials and on-site operations. In terms of net income attributable to owners of the parent, the decrease rate is expected to be larger than each profit before income taxes mainly due to the reversal of deferred tax assets.
The reasons for the revision of non-consolidated business forecasts are the same as those for the consolidated business forecasts.
As for the dividend, there is no change from the initial forecast, which is 10.0 yen per share. This is because while the revision of business forecasts is made due to external reasons, the internal situation remains unchanged, the profitability of this fiscal year is expected to be at a decent level, and the Company has also been receiving orders for the next fiscal year and beyond as well.
[Note] The numerical values described in this notification were based on the information available as of today and are subject to change as a result of various factors that might arise in the future.
END