Nichia Steel Works (5658) Earnings: Operating Profit Up 62.5% YoY to 355 Million Yen, Net Income Jumps 86.9%

Nichia Steel Works announced its financial results, reporting that operating profit surged by 62.5% year-on-year to 355 million yen. Net sales for the period reached 8,524 million yen, representing a 3.6% increase year-on-year, highlighting a substantial improvement in profitability. Ordinary profit reached 623 million yen (up 26.7% YoY), and net income attributable to owners of the parent grew by 86.9% to 545 million yen. Comprehensive income also showed significant growth, rising 105.4% to 948 million yen. From a balance sheet perspective, the company maintains a robust financial foundation with an equity ratio of 72.7%. Retained earnings stand at a substantial 26.94 billion yen, easily covering interest-bearing debt of 1.83 billion yen. Meanwhile, Return on Equity (ROE) is reported at 1.34%, Return on Assets (ROA) at 0.84%, and EBITDA at 350 million yen.