Neturen sales rise slightly, profit mixed in fiscal year 2025

** Neturen Co., Ltd. (TSE: 5976) reported consolidated financial results for the year ended March 31, 2025, showing a modest increase in net sales to JPY57.563 billion, a 0.6% rise year-on-year. Operating profit saw a slight decrease of 0.9% to JPY1.617 billion, while ordinary profit fell 7.6% to JPY2.321 billion. Profit attributable to owners of the parent increased by 17.7% to JPY1.815 billion. While sales increased slightly, the group faced challenges because of downturns in the construction, machinery, and machine tool industries. The Specialty Steel and Wire Products Division saw increased sales due to successful cost pass-throughs and increased demand for shear reinforcement bars. The Induction Heating Division reported increased sales of equipment but a profit decline due to increased fixed costs and reduced production. Neturen forecasts consolidated net sales of JPY58 billion, operating profit of JPY1.6 billion and profit attributable to owners of parent of JPY1.3 billion for the year ending March 31, 2026. The company proposed a year-end dividend of JPY26 per share, bringing the total annual dividend to JPY51 per share.