Nichias FY24 results: Record profits driven by industrial plants

Nichias Corporation (TSE:5393) reported its FY24 financial results, highlighting record profits and a positive outlook for the coming year. Net sales increased to JPY256.5 billion, up 2.9% year-over-year, with operating income rising 12.8% to JPY39.7 billion. The company's success was largely attributed to its Energy & Industrial plants segment, which saw a 6.7% increase in net sales. For FY25, Nichias forecasts net sales of JPY257.0 billion and operating income of JPY37.0 billion, and it plans an annual dividend of JPY152 per share. As part of its medium-term business plan, Nichias aims to allocate resources strategically, with investments in growth areas such as AI/DX and a continued commitment to shareholder returns, targeting a total return ratio of 50% or higher.