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Nippon Paper Industries Co.,Ltd., First Half Ordinary Profit Decreases by 69%, July-September Ordinary Profit Turns to Loss

Wed Nov 6, 2024 3:30 pm JST Earnings

3863 Nippon Paper Industries Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Paper Industries Co.,Ltd. <3863> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 69.0% from the same period last year to 1.79 billion yen. The progress rate against the 19 billion yen full-year plan was 9.4%, also falling below the five-year average of 52.3%.

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 expand by 96.2% from the same period last year, reaching 17.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 3.25 billion yen (compared to a profit of 5.41 billion yen in the same period last year). The operating profit/loss margin worsened from 1.4% in the same period last year to -0.7%.

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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 550,918 -11,981 -7,376 -22,076 -191.1 ー Nov 9, 2022 J-GAAP
Apr - Sep, 2023 583,942 4,852 5,777 -9,370 -81.2 39.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 584,539 2,056 1,790 -12,353 -107.0 9.4 Nov 6, 2024 J-GAAP
YoY +0.1% -57.6% -69.0% -31.8% -31.9%

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 ー ー ー ー － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 584,539 2,056 1,790 -12,353 -107.0 0 Nov 6, 2024 J-GAAP
Revision Rate － － － － －

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 583,372 12,414 8,773 32,117 278.3 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 615,461 20,944 17,210 15,353 133.0 10 Nov 6, 2024 J-GAAP
YoY +5.5% +68.7% +96.2% -52.2% -52.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,152,645 -26,855 -24,530 -50,406 -436.3 0 May 15, 2023 J-GAAP
Mar, 2024 1,167,314 17,266 14,550 22,747 197.1 10 May 15, 2024 J-GAAP
Mar, 2025 Guidance 1,200,000 23,000 19,000 3,000 26.0 10 May 15, 2024 J-GAAP
YoY +2.8% +33.2% +30.6% -86.8% -86.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 296,518 4,040 5,415 -4,103 -35.6 1.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 290,574 4,455 1,827 1,073 9.3 1.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 292,798 7,959 6,946 31,044 269.0 2.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 287,014 4,137 5,049 -1,089 -9.4 1.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 297,525 -2,081 -3,259 -11,264 -97.6 -0.7 Nov 6, 2024 J-GAAP
YoY +0.3% － － -174.5% -174.5%

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