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Nippon Light Metal Holdings Company, Ltd., July-September (2Q) Ordinary Profit Decreases by 27%

Thu Oct 31, 2024 3:00 pm JST Earnings

5703 Nippon Light Metal Holdings Company, Ltd. 【J-GAAP】

Earnings Report

Nippon Light Metal Holdings Company, Ltd. <5703> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.9% from the same period last year, reaching 7.28 billion yen. However, The progress rate against the 20 billion yen full-year plan was 36.4%, also falling below the five-year average of 47.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 3.0% from the same period last year, reaching 12.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.72 billion yen, a 27.3% decrease compared to the same period last year. However, the operating profit margin improved from 2.9% in the same period last year to 3.3%.

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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 253,094 3,657 5,207 3,804 61.4 58.8 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 250,452 5,681 6,689 2,144 34.6 35.1 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 261,140 8,534 7,282 4,806 77.6 36.4 Oct 31, 2024 J-GAAP
YoY +4.3% +50.2% +8.9% +124.2% +124.1%

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 260,000 8,000 8,000 5,000 80.7 20 Jul 31, 2024 J-GAAP
Apr - Sep, 2024 Results 261,140 8,534 7,282 4,806 77.6 20 Oct 31, 2024 J-GAAP
Revision Rate +0.4% +6.7% -9.0% -3.9% -3.9%

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 273,263 12,508 12,344 7,795 125.9 40 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 298,860 12,466 12,718 8,194 132.3 50 Oct 31, 2024 J-GAAP
YoY +9.4% -0.3% +3.0% +5.1% +5.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 516,954 7,539 8,859 7,203 116.3 50 May 15, 2023 J-GAAP
Mar, 2024 523,715 18,189 19,033 9,939 160.5 50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 560,000 21,000 20,000 13,000 209.9 70 May 15, 2024 J-GAAP
YoY +6.9% +15.5% +5.1% +30.8% +30.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 127,981 3,710 3,747 963 15.6 2.9 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 137,261 6,985 6,641 3,345 54.0 5.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 136,002 5,523 5,703 4,450 71.9 4.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 128,622 4,177 4,557 2,147 34.7 3.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 132,518 4,357 2,725 2,659 42.9 3.3 Oct 31, 2024 J-GAAP
YoY +3.5% +17.4% -27.3% +176.1% +176.1%

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