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

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%

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