Nabtesco KK

6268

Equity

ISIN JP3651210001 / Valor 1576127

Tokyo Stock Exchange (2024-12-25)

JPY 2,753.00+0.13%

Nabtesco KK
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About company

Nabtesco KK is a Japanese company specializing in the manufacture and sale of precision equipment and components for various industries, including transportation, automation, and infrastructure.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales Decline

In the second quarter of fiscal year 2024, Nabtesco KK reported a net sales decrease of 6.4% year-on-year, amounting to ¥152,491 million. This decline was primarily attributed to reduced demand in the precision reduction gears segment, particularly related to electric vehicles (EV) and industrial robots.

Operating Income Drop

Nabtesco KK's operating income for the second quarter of fiscal year 2024 fell by 26.0% compared to the same period in the previous year, totaling ¥6,426 million. The decrease in operating income was mainly due to lower sales in the component solutions business, despite gains in the transport and accessibility solutions segments.

Income Before Taxes

For the second quarter of fiscal year 2024, Nabtesco KK reported income before taxes of ¥7,839 million, reflecting a significant year-on-year decline of 49.4%. This reduction was influenced by the overall decrease in sales and operating income.

Net Income Attributable to Owners

Nabtesco KK's net income attributable to owners of the parent for the second quarter of fiscal year 2024 was ¥4,204 million, marking a 55.5% decrease from the previous year. This substantial drop in net income was a result of the lower operating income and other financial factors.

Dividend Forecast

Despite the financial challenges, Nabtesco KK maintained its dividend forecast for fiscal year 2024. The company plans to distribute a total annual dividend of ¥80.00 per share, with ¥40.00 already scheduled for the second quarter and another ¥40.00 expected at the year-end.

Summarized from source with an LLMView Source

Key figures

-2.55%1Y

-17.9%3Y

-17.8%5Y

Performance

39.1%1Y

33.5%3Y

34.0%5Y

Volatility