Nifco Inc. TSE:7988

Summary of Financial Results: 1st Quarter of FY2025[579KB]

Published July 31, 2025 at 4:17 a.m. UTC

Source: MarketScreener

‌Summary of Financial Results: 1st Quarter of FY2025‌

‌Although sales decreased YoY, OPM maintained at a record-high level of 15.2%.

1,000

900

800

700

600

500

400

300

200

(0.1 billions of yen)

(Billion of yen)

The Collapse of Lehman Brothers

The Acquisition of Subsidiaries Engaged in Business for German Customers

Covid19

The Sale of Subsidiaries Engaged in Business for German Customers

15.2%

855

10%

Korea 24%

Japan 51%

16.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

100

米N系orth

America

独G系ermおanよy aびndそoのthe他rs

自oth動ers車以外

09 1Q 10 1Q 11 1Q 12 1Q 13 1Q 14 1Q 15 1Q 16 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 1Q 22 1Q 23 1Q 24 1Q 25 1Q

0.0%

シSモimンmoズns

営O業PM利益率

1. Financial Highlights

Historical Net sales and Operating Profit

‌Net sales increased in Japan and North America, however, the declines in Europe and Asia
could not be fully offset, leading to an overall decrease in total sales.
Operating profit increased due to improvements in marginal profit, and OPM reached a record-high level of 15.2%.

FY2024 FY2025

(JPY)

Net Sales

86.1bn

Profit (OP)

Operating

11.8bn

90.1bn

13.2bn

87.8bn 12.7bn

89.0bn

11.3bn

85.5bn 12.9bn

YoY

-0.7%

+9.3%

OPM

13.8%

Quartely

net income1)

8.8bn

14.7%

6.6bn

14.5%

12.5bn

12.7%

16.8bn

15.2% 9.8bn

+1.4%pts

+11.2%

EPS

88.87yen

67.23yen

129.87yen

176.61yen

103.28yen

+16.2%

FX rates

1USD=JPY148.6

1EUR=JPY161.3

1USD=JPY152.3

1EUR=JPY164.7

1USD=JPY151.4

1EUR=JPY164.6

1USD=JPY151.7

1EUR=JPY164.0

1USD=152.5JPY

1EUR=160.5JPY

1USD=+3.9JPY

1EUR=-0.8JPY

2. Overview of FY2025 1Q Consolidated

Sales, operating profit, and OPM all reached record-high levels in the past fiscal year.

‌The improvement in marginal profit was a temporary effect resulting from reduced mold sales,
while material costs tend to increase.
The increase in fixed costs was mainly due to higher personnel expenses.

11.8bn

12.9bn

-0.5bn

+1.8bn

-0.3bn

+0.1bn

Operating profit (FY2024 1Q)

Sales factors

Marginal profit ratio factors (Raw material costs,etc.)

Fixed cost factors

FX impact

Operating profit (FY2025 1Q)

3. FY2025 Q1 Consolidated Operation Profit(YoY)1

Operating profit analysis(YoY)

‌(Billions of yen)

Consolidated

YoY：Sales -0.7% OP +9.3%

86.1 85.5

Plastics

YoY：Sales -0.4% OP +8.3%

77.0 76.7

Bed

YoY：Sales -0.3% OP -6.5%

13.8%

11.8

15.2%

12.9

15.6%

12.0

17.0%

13.0

9.0

16.1%

1.4

8.7

15.5%

1.3

FY2024 1Q FY2025 1Q

Bed：Japan

Hotels are on favorable trend.

FY2024 1Q FY2025 1Q

Bed: Asia

Business in Hong Kong and Singapore

showed weak performance.

5.1

15.1%

0.7

4.9

16.0%

0.7

3.9

17.0%

0.6

3.8

15.3%

0.5

FY2024 1Q FY2025 1Q FY2024 1Q FY2025 1Q

4. FY2025 1Q by Segment 1

FY2025 1Q Sales and Operating Profit

‌(Billions of yen)

Sales volume slightly increased

Japan

North America	Europe
Strong performance of Korean OEMS	Sales decreased but maintained profits

19.6 20.4

22.3 23.2

19.7%

3.8

20.2%

4.1

9.9%

2.2

11.3%

2.6

7.7

10.6%

0.8

11.7%

0.8

6.8

FY2024 1Q FY2025 1Q FY2024 1Q FY2025 1Q FY2024 1Q FY2025 1Q

Asia(including China and India)

Despite the decrease in sales, OP increased by improving actions

China

Despite the decrease in sales, OP increased by improving actions

Salse decreased because of production

volume decrease

India

27.2 26.2

18.8%

5.1

20.9%

5.4

7.0 6.7

1.2

1.5

17.6%

22.6%

2.6 20.4%

0.5

22.1%

2.8 0.6

FY2024 1Q FY2025 1Q FY2024 1Q FY2025 1Q FY2024 1Q FY2025 1Q

5. FY2025 1Q by Segment(Plastics) 1

FY2025 1Q Sales and Operating Profit

‌Free CF was lower than expected due to modification in way of payment to domestic suppliers.
Ending cash equivalent decreased due to bonds redemption.

(JPY)

FY2024(1Q) FY2025(1Q)

Change

FY2025 Forecast

CAPEX	3.6bn	4.0bn	+0.4bn	21.0bn


Depreciation	3.2bn	3.1bn	-0.1bn	13.5bn


R&D	1.0bn	0.9bn	-0.1bn	4.8bn


Operating CF	13.1bn	3.7bn	-9.4bn	46.0bn


Investment CF	-8.3bn	-1.6bn	+6.7bn	‐23.0bn


Free CF	4.8bn	2.1bn	-2.7bn	23.0bn


Financial CF	-10.9bn	-15.8bn	-4.9bn	‐27.0bn


Cash equivalent balance	139.7bn	123.8bn	-15.9bn	137.0bn

6. CAPEX and Depreciation

Continue cash flow-oriented management & manage appropriate fund allocation

‌DPS will be 80 yen, increased by 5 yen
After 50 mil yen buybacks, stay flexible in considering buybacks

FY2020 FY2021 FY2022 FY2023 FY2024 FY2025e

Dividend (full year)

Share buyback

yen/share

710k shares (1.4bn)

yen/share

1.38mn shares (4.8bn)

yen/share

360k shares (1.2bn)

yen/share

800k shares (3.0bn)

yen/share

4.35mn shares (16.0bn)

yen/share

1.35-1.50mn

shares (5.0bn)

Target

(payout ratio)

Dividend payout ratio ： 30%

Total payout ratio

More than 45％

(

Shareholder return

Track record

: Dividend

: Share buyback

48%

27%

21%

37%

36%

30%

35%

17%

52% 52%

24%

16%

36%

41%

29%

7. Shareholder return

DPS will be 80 yen, consider buybacks assertively

‌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.

End

‌Sales Operating Profit

FY2024

FY2025

YoY

FY2024

FY2025

YoY

(1Q cumulative) (1Q cumulative) (1Q cumulative) (1Q cumulative)

Consolidated Plastics

Japan

North America

Europe

Asia China India Bed Japan

Asia

86.1bn 77.1bn 19.6bn 22.4bn 7.8bn 27.3bn 7.0bn

2.8bn 9.0bn

5.1bn

3.9bn

85.5bn 76.7bn 20.4bn 23.2bn 6.8bn 26.2bn 6.7bn

2.6bn 8.7bn 4.9bn

3.8bn

-0.7%

-0.4%

+4.1%

+3.6%

-12.1%

-3.7%

-4.0%

-5.8%

-3.0%

-3.5%

-2.4%

11.8bn 12.0bn 3.9bn

2.2bn 0.8bn 5.1bn

1.2bn

0.6bn 1.4bn

0.7bn 0.6bn

12.9bn 13.0bn 4.1bn 2.6bn 0.8bn 5.4bn 1.5bn

0.5bn 1.3bn 0.7bn

0.5bn

+9.3%

+8.3%

+6.7%

+18.5%

-2.7%

+6.8%

+23.4%

-13.4%

-6.5%

+1.7%

-14.3%

1 Overseas: January - March 2025; Japan: April - June 2025

Appendix 1

FY2025 1Q Sales and Operating Profit