Strong Core Operating Income Growth
Core operating income exceeded the target of the NS Vision 2026, showing significant growth. The team managed solid price management and productivity initiatives, leading to a COI growth of 16% in Q4 and 27% for the full year.
Improved Financial Health
EBITDA to debt ratio improved significantly from near five times to 3.4 times by the end of fiscal year 2024. This demonstrates the company's solid work in progress over the past few years.
Record Dividend Increase
The company proposed a 20% increase in dividends from ¥20 to ¥24 per share, marking a compound annual growth rate of approximately 14% since 2014.
Positive Outlook for Fiscal Year 2025
The company expects sales to increase by 3.6% and core operating income to rise by 6.6% in fiscal year 2025, driven by strong price management, productivity initiatives, and a recovery in electronics.
Sustainability Recognition
MSCI score upgraded from BB to BBB and FTSE score improved from 3.2 to 3.5. The group was selected for the first time for the ESG index and included in the investment portfolio of GPIF.