Nabtesco Earnings Call Transcripts
Fiscal Year 2025
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Sales and operating profit surged in the first half, prompting an upward revision of full-year guidance. The hydraulic equipment business will be split off, and a share buyback of up to JPY 10 billion is planned. Project 10 cost initiatives and strong segment performance drive improved margins.
Fiscal Year 2024
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FY2024 saw a 3.1% sales decline and 14.9% drop in operating profit, but results exceeded internal plans due to Project 10. FY2025 guidance anticipates a 3.9% sales increase and 26% operating profit growth, with a gradual CMP recovery and continued strong TRS/ACB performance.
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First half FY2024 sales declined 6.4% year-on-year, but exceeded plan, with operating profit down due to weak Component Solutions and an impairment loss. Full-year guidance is unchanged, with growth in Transport and Accessibility offsetting continued weakness in robotics and China.