Nippon Sheet Glass Company,Limited, First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

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Fri Nov 8, 2024 2:00 pm JST Earnings

5202 Nippon Sheet Glass Company,Limited 【IFRS】

Earnings Report

Nippon Sheet Glass Company,Limited <5202> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 8th (14:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 3.86 billion yen (compared to a profit of 9.77 billion yen in the same period last year).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 4.5 times that of the same period last year, reaching 3.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 6.26 billion yen (compared to a profit of 2.74 billion yen in the same period last year). The operating profit margin worsened from 5.4% in the same period last year to 2.7%.

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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	375,651	14,437	-34,543	-38,816	-438.1	ー	Nov 10, 2022	IFRS
Apr - Sep, 2023	420,168	26,028	19,335	9,771	96.7	109.9	Nov 9, 2023	IFRS
Apr - Sep, 2024	422,437	10,229	154	-3,867	-53.2	2.6	Nov 8, 2024	IFRS
YoY	+0.5%	-60.7%	-99.2%	－	－

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	410,000	12,000	1,500	0	0.0	0	Aug 8, 2024	IFRS
Apr - Sep, 2024 Results	422,437	10,229	154	-3,867	-53.2	0	Nov 8, 2024	IFRS
Revision Rate	+3.0%	-14.8%	-89.7%	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	840,000	30,000	7,000	0	0.0	0	Aug 8, 2024	IFRS
Mar, 2025 New	850,000	26,000	6,000	0	0.0	0	Nov 8, 2024	IFRS
Revision Rate	+1.2%	-13.3%	-14.3%	－	－

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	412,369	9,832	-1,738	862	7.7	0	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	427,563	15,771	5,846	3,867	0.0	0	Nov 8, 2024	IFRS
YoY	+3.7%	+60.4%	－	+348.6%	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	763,521	34,812	-21,933	-33,761	-393.1	0	May 12, 2023	IFRS
Mar, 2024	832,537	35,860	17,597	10,633	95.4	0	May 10, 2024	IFRS
Mar, 2025 Guidance	850,000	26,000	6,000	0	0.0	0	Nov 8, 2024	IFRS
YoY	+2.1%	-27.5%	-65.9%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	212,214	11,450	6,062	2,744	27.2	5.4	Nov 9, 2023	IFRS
Oct - Dec, 2023	192,528	6,065	1,740	3,732	36.6	3.2	Feb 9, 2024	IFRS
Jan - Mar, 2024	219,841	3,767	-3,478	-2,870	-25.8	1.7	May 10, 2024	IFRS
Apr - Jun, 2024	216,423	4,762	43	2,400	21.0	2.2	Aug 8, 2024	IFRS
Jul - Sep, 2024	206,014	5,467	111	-6,267	-86.2	2.7	Nov 8, 2024	IFRS
YoY	-2.9%	-52.3%	-98.2%	－	－