NICCA CHEMICAL CO.,LTD., July-September (3Q) Ordinary Profit Decreases by 21%

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Thu Oct 31, 2024 3:00 pm JST Earnings

4463 NICCA CHEMICAL CO.,LTD. 【J-GAAP】

Earnings Report

NICCA CHEMICAL CO.,LTD. <4463> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 2.83 billion yen, an increase of 56.3% compared to the same period last year. The progress rate against the 3.7 billion yen full-year plan was 76.7%, it was below the five-year average of 78.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 20.9% from the same period last year, reaching 861 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 832 million yen, a 20.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.8% in the same period last year to 6.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	38,233	2,315	2,929	1,871	118.7	93.5	Oct 27, 2022	J-GAAP
Jan - Sep, 2023	37,453	1,329	1,816	1,018	64.5	71.8	Oct 31, 2023	J-GAAP
Jan - Sep, 2024	39,476	2,508	2,839	1,848	116.9	76.7	Oct 31, 2024	J-GAAP
YoY	+5.4%	+88.7%	+56.3%	+81.5%	+81.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	25,863	1,607	1,762	1,406	89.0	16	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	27,456	1,574	1,693	983	62.1	25	Jul 31, 2024	J-GAAP
YoY	+6.2%	-2.1%	-3.9%	-30.1%	-30.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	50,627	2,628	3,132	2,114	134.1	30	Feb 10, 2023	J-GAAP
Dec, 2023	50,169	2,039	2,528	1,691	107.1	32	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	53,500	3,200	3,700	2,200	139.0	50	Jul 31, 2024	J-GAAP
YoY	+6.6%	+56.9%	+46.4%	+30.1%	+29.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,147	897	1,050	733	46.4	6.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	12,716	710	712	673	42.6	5.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	12,228	588	766	318	20.1	4.8	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	13,816	1,038	1,241	899	56.9	7.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	13,432	882	832	631	39.9	6.6	Oct 31, 2024	J-GAAP
YoY	+2.2%	-1.7%	-20.8%	-13.9%	-14.0%