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NGK SPARK PLUG CO.,LTD., The Current Fiscal Year Net Income Revised Upward by 14%, Adds to Record High Profit Forecast, Dividend Revised Upward by 11 yen
5334 NGK SPARK PLUG CO.,LTD. 【IFRS】
Earnings ReportNGK SPARK PLUG CO.,LTD. <5334> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 31st (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.1% from the same period last year, reaching 50.3 billion yen, resulting in an increase in profits compared to the previous forecast of a 11.2% decrease.
In addition, the full-year consolidated net income has been revised upward by 14.5%, from the previous forecast of 83 billion yen to 95 billion yen (compared to 82.6 billion yen in the previous period), increasing the growth rate from 0.4% to 14.9%, further surpassing the previous forecast of record-high profits for four consecutive terms.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 22.3% from the same period last year, reaching 44.6 billion yen.
In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 166 yen to 177 yen (compared to 164 yen in the previous period).
In the most recent three-month period, from July to September (2Q), the consolidated net income amounted to 22.5 billion yen, an increase of 2.0% compared to the same period last year. The operating profit margin rose from 18.6% in the same period last year to 20.8%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Sep, 2022 | 279,072 | 53,599 | 61,715 | 43,085 | 211.9 | 66.1 | Oct 28, 2022 | IFRS |
Apr - Sep, 2023 | 301,152 | 57,009 | 65,576 | 46,186 | 227.6 | 56.0 | Oct 30, 2023 | IFRS |
Apr - Sep, 2024 | 324,587 | 72,292 | 71,890 | 50,398 | 253.5 | 53.3 | Oct 31, 2024 | IFRS |
YoY | +7.8% | +26.8% | +9.6% | +9.1% | +11.4% |
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 | 318,000 | 58,000 | 57,750 | 41,000 | 206.6 | 83 | Apr 30, 2024 | IFRS |
Apr - Sep, 2024 Results | 324,587 | 72,292 | 71,890 | 50,398 | 253.5 | 88 | Oct 31, 2024 | IFRS |
Revision Rate | +2.1% | +24.6% | +24.5% | +22.9% | +22.7% |
Guidance Update
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2025 Prev | 643,000 | 115,000 | 117,500 | 83,000 | 418.3 | 166 | Apr 30, 2024 | IFRS |
Mar, 2025 New | 653,000 | 130,000 | 135,000 | 95,000 | 478.7 | 177 | Oct 31, 2024 | IFRS |
Revision Rate | +1.6% | +13.0% | +14.9% | +14.5% | +14.5% |
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 | 313,334 | 50,582 | 51,608 | 36,460 | 180.6 | 84 | Apr 30, 2024 | IFRS |
Oct - Mar, 2024 Guidance | 328,413 | 57,708 | 63,110 | 44,602 | 224.8 | 89 | Oct 31, 2024 | IFRS |
YoY | +4.8% | +14.1% | +22.3% | +22.3% | +24.4% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 562,559 | 89,219 | 93,384 | 66,293 | 326.1 | 166 | Apr 28, 2023 | IFRS |
Mar, 2024 | 614,486 | 107,591 | 117,184 | 82,646 | 409.5 | 164 | Apr 30, 2024 | IFRS |
Mar, 2025 Guidance | 653,000 | 130,000 | 135,000 | 95,000 | 478.7 | 177 | Oct 31, 2024 | IFRS |
YoY | +6.3% | +20.8% | +15.2% | +14.9% | +16.9% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 153,202 | 28,564 | 29,449 | 22,107 | 109.0 | 18.6 | Oct 30, 2023 | IFRS |
Oct - Dec, 2023 | 154,717 | 30,891 | 29,886 | 22,138 | 109.5 | 20.0 | Jan 31, 2024 | IFRS |
Jan - Mar, 2024 | 158,617 | 19,691 | 21,722 | 14,322 | 71.0 | 12.4 | Apr 30, 2024 | IFRS |
Apr - Jun, 2024 | 165,450 | 39,132 | 42,415 | 27,849 | 139.8 | 23.7 | Jul 31, 2024 | IFRS |
Jul - Sep, 2024 | 159,137 | 33,160 | 29,475 | 22,549 | 113.4 | 20.8 | Oct 31, 2024 | IFRS |
YoY | +3.9% | +16.1% | +0.1% | +2.0% | +4.1% |
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