Nippon Fine Chemical Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 3%

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Wed Oct 30, 2024 4:30 pm JST Earnings

4362 Nippon Fine Chemical Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Fine Chemical Co., Ltd. <4362> [TSE-P] announced its financial results after the market closed on October 30th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.4% from the same period last year, reaching 2.53 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 3.1%, from the previous forecast of 4.9 billion yen to 5.05 billion yen (compared to 4.45 billion yen in the previous period), increasing the growth rate from 10.1% to 13.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 8.0% from the same period last year, reaching 2.51 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 52.8% from the same period last year, reaching 1.42 billion yen. The operating profit margin jumped from 11.2% in the same period last year to 15.4%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	18,677	2,727	2,905	1,956	82.8	53.9	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	16,179	1,960	2,122	1,499	65.7	47.7	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	17,378	2,400	2,533	1,793	79.7	50.2	Oct 30, 2024	J-GAAP
YoY	+7.4%	+22.4%	+19.4%	+19.6%	+21.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	17,000	2,250	2,250	1,600	71.1	37	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	17,378	2,400	2,533	1,793	79.7	37	Oct 30, 2024	J-GAAP
Revision Rate	+2.2%	+6.7%	+12.6%	+12.1%	+12.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	35,700	4,800	4,900	3,450	153.3	74	Apr 30, 2024	J-GAAP
Mar, 2025 New	36,600	4,850	5,050	3,550	157.8	74	Oct 30, 2024	J-GAAP
Revision Rate	+2.5%	+1.0%	+3.1%	+2.9%	+2.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	17,352	2,237	2,330	1,828	80.4	35	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,222	2,450	2,517	1,757	78.1	37	Oct 30, 2024	J-GAAP
YoY	+10.8%	+9.5%	+8.0%	-3.9%	-2.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	36,838	5,057	5,389	4,079	174.4	57	Apr 28, 2023	J-GAAP
Mar, 2024	33,531	4,197	4,452	3,327	146.4	70	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	36,600	4,850	5,050	3,550	157.8	74	Oct 30, 2024	J-GAAP
YoY	+9.2%	+15.6%	+13.4%	+6.7%	+7.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,075	903	931	665	29.2	11.2	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	8,123	1,003	1,124	799	35.0	12.3	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	9,229	1,234	1,206	1,029	45.3	13.4	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	8,260	995	1,110	787	35.0	12.0	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	9,118	1,405	1,423	1,006	44.7	15.4	Oct 30, 2024	J-GAAP
YoY	+12.9%	+55.6%	+52.8%	+51.3%	+53.4%