NISHIKAWA RUBBER CO., LTD., April-June (1Q) Ordinary Profit Increases by 61%

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Wed Oct 9, 2024 3:00 pm JST Earnings

5161 NISHIKAWA RUBBER CO., LTD. 【J-GAAP】

Earnings Report

NISHIKAWA RUBBER CO., LTD. <5161> [TSE-S] announced its financial results after the market closed on October 9th (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending March 2025 (April to June) expanded to 3.03 billion yen, an increase of 60.8% compared to the same period last year. The progress rate against the 3.5 billion yen plan for the six months ending September (first half) was 86.7%, also surpassing the five-year average of 65.7%.

In the most recent three-month period, from April to June (1Q), the operating profit margin significantly improved from 3.2% in the same period last year to 7.0%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Jun, 2022	22,478	-701	59	-269	13.0	ー	Aug 9, 2022	J-GAAP
Apr - Jun, 2023	27,309	877	1,887	1,480	69.4	60.9	Aug 8, 2023	J-GAAP
Apr - Jun, 2024	30,164	2,113	3,035	1,839	95.4	86.7	Oct 9, 2024	J-GAAP
YoY	+10.5%	+140.9%	+60.8%	+24.3%	+37.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	57,148	1,400	3,099	1,883	83.4	20	Nov 8, 2023	J-GAAP
Apr - Sep, 2024 Guidance	54,000	2,500	3,500	2,500	129.4	24	May 10, 2024	J-GAAP
YoY	-5.5%	+78.6%	+12.9%	+32.8%	+55.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	98,167	-105	1,332	1,170	60.8	40	May 11, 2023	J-GAAP
Mar, 2024	117,904	6,555	8,920	5,038	261.5	44	May 10, 2024	J-GAAP
Mar, 2025 Guidance	110,000	5,500	6,800	4,600	238.2	50	May 10, 2024	J-GAAP
YoY	-6.7%	-16.1%	-23.8%	-8.7%	-8.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Apr - Jun, 2023	27,309	877	1,887	1,480	69.4	3.2	Aug 8, 2023	J-GAAP
Jul - Sep, 2023	29,839	523	1,212	403	17.9	1.8	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	32,805	2,867	2,774	1,741	90.6	8.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	27,951	2,288	3,047	1,414	73.4	8.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	30,164	2,113	3,035	1,839	95.4	7.0	Oct 9, 2024	J-GAAP
YoY	+10.5%	+140.9%	+60.8%	+24.3%	+37.4%