Nippon Pillar Packing's profit declines 23% amid market challenges

Nippon Pillar Packing (TSE:6490) announced a decrease in consolidated financial results for the fiscal year ended March 31, 2025, citing a mixed market environment. Net sales fell 1.1% year-over-year to ¥57.988 billion, while operating profit decreased by 20.2% to ¥11.335 billion. Ordinary profit declined by 24.0% to ¥11.474 billion, and profit attributable to owners of parent dropped by 23.0% to ¥8.299 billion. The company attributes the decline to decreased demand in core electronic equipment related sectors, with weakness in sales of Pilaflon products impacted by customer inventory adjustments. Earnings per share decreased to ¥355.82 from ¥462.57 in the prior year. Cash dividends were ¥125.00 per share. Nippon Pillar Packing forecasts net sales of ¥57.500 billion and profit attributable to owners of parent of ¥7.200 billion for the year ending March 31, 2026.