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

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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%.

Kabutan News

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%