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NIPPON CERAMIC CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 5%, July-September Ordinary Profit Decreases by 24%

Fri Nov 8, 2024 3:10 pm JST Earnings

6929 NIPPON CERAMIC CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON CERAMIC CO.,LTD. <6929> [TSE-P] announced its financial results in the afternoon session on November 8th (15:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 5.4% from the same period last year to 4.02 billion yen. The progress rate against the 5.5 billion yen full-year plan was 73.2%, also falling below the five-year average of 76.2%.

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 expand by 39.4% from the same period last year, reaching 1.47 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.14 billion yen, a 23.6% decrease compared to the same period last year. However, the operating profit margin rose from 19.8% in the same period last year to 21.7%.

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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 17,090 3,065 3,976 4,975 202.5 80.4 Nov 4, 2022 J-GAAP
Jan - Sep, 2023 18,461 3,527 4,255 3,007 127.5 80.1 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 18,482 3,626 4,025 2,842 122.7 73.2 Nov 8, 2024 J-GAAP
YoY +0.1% +2.8% -5.4% -5.5% -3.8%

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 12,560 2,349 2,561 1,732 73.4 100 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 13,869 2,751 2,624 1,876 84.3 100 Aug 2, 2024 J-GAAP
YoY +10.4% +17.1% +2.5% +8.3% +14.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 23,258 4,178 4,946 5,022 206.0 125 Feb 3, 2023 J-GAAP
Dec, 2023 24,449 4,574 5,313 3,693 156.6 100 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 26,000 5,000 5,500 3,900 175.3 100 Feb 9, 2024 J-GAAP
YoY +6.3% +9.3% +3.5% +5.6% +12.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,572 1,302 1,503 1,046 44.4 19.8 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 5,988 1,047 1,058 686 29.1 17.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,678 978 1,237 867 36.8 17.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,453 1,271 1,639 1,157 49.5 19.7 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 6,351 1,377 1,149 818 35.3 21.7 Nov 8, 2024 J-GAAP
YoY -3.4% +5.8% -23.6% -21.8% -20.4%

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