【NTN】2024 Fiscal Year Financial Results | Sales of 826.3 billion yen (+0.1% YoY)

Performance Overview

NTN's financial results for fiscal year 2024 showed net sales of 826.3 billion yen (YoY +0.1%), remaining almost flat, while operating income increased to 31.0 billion yen (YoY +35.2%), reaching record highs. Net income attributable to shareholders of the parent turned positive to 12.8 billion yen from a loss in the previous year. The Americas and Asia segments performed steadily, while domestic sales slightly declined. Overall, the company maintained stable performance. In line with the medium-term management plan "DRIVE NTN100," efforts focus on production restructuring and cost reduction to improve earning power.

Outlook and Impact on Shareholders

For fiscal year 2025, the outlook projects net sales of 810.0 billion yen (YoY -2.0%), operating income of 3.3 billion yen (YoY +6.3%), and net income of 15.0 billion yen (YoY +16.5%). Assuming an exchange rate of 1 USD = 150 yen, the company will continue to pursue stable growth through cost management and business restructuring. The dividend is planned at 13 yen annually (interim 6.5 yen, year-end 6.5 yen), maintaining shareholder returns.