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

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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	6,893	111.3	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%	+18.9%	+18.9%

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	9,037	145.9	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%	+43.9%	+43.8%

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	3,548	57.3	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%