Nippon Crucible co.,Ltd., July-September (2Q) Ordinary Profit Decreases by 20%

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Thu Nov 7, 2024 12:00 pm JST Earnings

5355 Nippon Crucible co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Crucible co.,Ltd. <5355> [TSE-S] announced its financial results at noon (12:00) on November 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 248 million yen, an increase of 89.3% compared to the same period last year. However, The progress rate against the 600 million yen full-year plan was 41.3%, also falling below the five-year average of 48.7%.

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 65.3% from the same period last year, reaching 352 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 96 million yen, a 20.0% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 3.8%.

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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	4,285	106	129	64	9.5	69.0	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	4,811	138	131	107	16.1	38.1	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	4,855	236	248	156	23.7	41.3	Nov 7, 2024	J-GAAP
YoY	+0.9%	+71.0%	+89.3%	+45.8%	+46.5%

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 9, 2024	J-GAAP
Apr - Sep, 2024 Results	4,855	236	248	156	23.7	－	Nov 7, 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	4,799	196	213	178	26.9	12	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,145	314	352	244	36.8	18	Nov 7, 2024	J-GAAP
YoY	+7.2%	+60.2%	+65.3%	+37.1%	+37.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,841	162	187	24	3.7	9	May 11, 2023	J-GAAP
Mar, 2024	9,610	334	344	285	43.0	12	May 9, 2024	J-GAAP
Mar, 2025 Guidance	10,000	550	600	400	60.4	18	May 9, 2024	J-GAAP
YoY	+4.1%	+64.7%	+74.4%	+40.4%	+40.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,396	124	120	74	11.2	5.2	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,461	74	89	61	9.2	3.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	2,338	122	124	117	17.7	5.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	2,392	143	152	95	14.4	6.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,463	93	96	61	9.3	3.8	Nov 7, 2024	J-GAAP
YoY	+2.8%	-25.0%	-20.0%	-17.6%	-17.1%