NIPPON KINZOKU CO., LTD., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Thu Oct 31, 2024 1:00 pm JST Earnings

5491 NIPPON KINZOKU CO., LTD. 【J-GAAP】

Earnings Report

NIPPON KINZOKU CO., LTD. <5491> [TSE-S] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 273 million yen (compared to a loss of 796 million yen in the same period last year).

However, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 150 million yen to a loss of 450 million yen (compared to a loss of 1.26 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to further decrease to loss of 177 million yen (compared to a loss of 465 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 178 million yen (compared to a loss of 634 million yen in the same period last year). The operating profit/loss margin significantly improved from -4.8% in the same period last year to -0.1%.

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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	25,894	852	817	553	82.7	63.7	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	24,266	-747	-796	-803	-120.0	ー	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	25,792	-171	-273	-357	-53.5	ー	Oct 31, 2024	J-GAAP
YoY	+6.3%	+77.1%	+65.7%	+55.5%	+55.4%

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	26,000	-200	-300	-200	-29.9	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	25,792	-171	-273	-357	-53.5	0	Oct 31, 2024	J-GAAP
Revision Rate	-0.8%	+14.5%	+9.0%	-78.5%	-78.9%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	54,000	300	150	100	14.9	0	May 13, 2024	J-GAAP
Mar, 2025 New	53,000	-300	-450	-500	-74.7	0	Oct 31, 2024	J-GAAP
Revision Rate	-1.9%	－	－	－	－

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	27,145	-348	-465	2,348	350.8	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	27,208	-129	-177	-143	-21.4	0	Oct 31, 2024	J-GAAP
YoY	+0.2%	+62.9%	+61.9%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	52,566	1,273	1,283	916	136.9	5	May 12, 2023	J-GAAP
Mar, 2024	51,411	-1,095	-1,261	1,545	230.8	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	53,000	-300	-450	-500	-74.7	0	Oct 31, 2024	J-GAAP
YoY	+3.1%	+72.6%	+64.3%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,139	-584	-634	-684	-102.2	-4.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	13,654	-389	-374	2,767	413.4	-2.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	13,491	41	-91	-419	-62.6	0.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	13,022	-156	-95	-134	-20.1	-1.2	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	12,770	-15	-178	-223	-33.4	-0.1	Oct 31, 2024	J-GAAP
YoY	+5.2%	+97.4%	+71.9%	+67.4%	+67.3%