Nikko Co., Ltd.
Fiscal Year Ending March 2027 Q1 Earnings Briefing
For Q1, new orders were JPY 14.0 billion, net sales were JPY 11.8 billion, and operating income turned from a loss to a profit year over year. Full-year targets are JPY 55.0 billion in net sales and JPY 3.8 billion in operating income. AP-related improvements are expected from the second quarter onward, with continued impact from overseas mix. A new shareholder return policy sets a minimum annual dividend of JPY 42, aiming for JPY 50 in FY2028.
Key Figures
- Orders received: 14,000,000,000 yen (YoY +34.6%)
- Net sales: 11,800,000,000 yen (YoY +42.5%)
- Operating income: 274,000,000 yen (YoY loss→profit)
- Full-year net sales target: 55,000,000,000 yen
- Full-year operating income target: 3,800,000,000 yen
- Shareholder return: minimum annual dividend 42 yen, target 50 yen in FY2028
AI要約
Performance overview
For the fiscal year ending March 2027, Q1 saw increased orders and a substantial rise in net sales. Operating income achieved profitability, but margins remain at a low level, so focus will be on improving profitability, particularly in AP-related areas. BP-related and environmental/movement-related segments remained solid. Overall, the company is tracking the initial plan, with expectations for improvement in the second half.
Outlook and capital policy
The goal remains full-year net sales of JPY 55.0 billion and operating income of JPY 3.8 billion. AP-related improvements are expected in the second quarter onward through price stabilization and mix improvements, with a target of at least 7% operating margin for the full year. As for shareholder returns, the minimum annual dividend is set at 42 yen, aiming for 50 yen in FY2028. However, dividends may fluctuate depending on performance.
日工株式会社
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