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NIHON PLAST CO.,LTD., First Half Ordinary Profit Decreases by 38%

Fri Nov 8, 2024 3:00 pm JST Earnings

7291 NIHON PLAST CO.,LTD. 【J-GAAP】

Earnings Report

NIHON PLAST CO.,LTD. <7291> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 38.1% from the same period last year to 1.3 billion yen. The progress rate against the 1.4 billion yen full-year plan was 93.3%, also surpassing the progress rate of 72.3% from the same period of the previous year.

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 significant drop by 88.4% from the same period last year to 94 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 675 million yen, a 60.0% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 3.6%.

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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 47,364 -1,284 -796 -1,471 -77.0 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 58,208 1,724 2,110 1,829 95.6 72.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 60,319 1,524 1,306 800 42.3 93.3 Nov 8, 2024 J-GAAP
YoY +3.6% -11.6% -38.1% -56.3% -55.8%

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 － 7.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 60,319 1,524 1,306 800 42.3 7.50 Nov 8, 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 66,047 1,087 810 649 34.0 7.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 61,681 476 94 100 5.3 7.50 Nov 8, 2024 J-GAAP
YoY -6.6% -56.2% -88.4% -84.6% -84.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 103,359 -966 -749 -3,602 -188.4 10 May 22, 2023 J-GAAP
Mar, 2024 124,255 2,811 2,920 2,478 129.8 15 May 10, 2024 J-GAAP
Mar, 2025 Guidance 122,000 2,000 1,400 900 47.5 15 May 10, 2024 J-GAAP
YoY -1.8% -28.9% -52.1% -63.7% -63.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 29,608 1,335 1,688 1,537 80.4 4.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 32,301 470 346 698 36.5 1.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 33,746 617 464 -49 -2.6 1.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 29,444 399 631 440 23.3 1.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 30,875 1,125 675 360 19.0 3.6 Nov 8, 2024 J-GAAP
YoY +4.3% -15.7% -60.0% -76.6% -76.3%

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