NIHON PARKERIZING CO., LTD., First Half Ordinary Profit Decreases by 3%, July-September Ordinary Profit Decreases by 19%

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Fri Nov 8, 2024 4:00 pm JST Earnings

4095 NIHON PARKERIZING CO., LTD. 【J-GAAP】

Earnings Report

NIHON PARKERIZING CO., LTD. <4095> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 3.5% from the same period last year to 8.9 billion yen. The progress rate against the 20.5 billion yen full-year plan was 43.4%, also falling below the five-year average of 48.5%.

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 grow by 8.2% from the same period last year, reaching 11.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.99 billion yen, a 19.3% decrease compared to the same period last year. The operating profit margin decreased from 12.5% in the same period last year to 10.8%.

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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	55,903	5,908	8,342	5,214	44.9	50.2	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	58,512	6,906	9,226	5,829	50.6	46.3	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	62,733	7,137	8,907	5,894	50.2	43.4	Nov 8, 2024	J-GAAP
YoY	+7.2%	+3.3%	-3.5%	+1.1%	-0.8%

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	－	25	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	62,733	7,137	8,907	5,894	50.2	25	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	66,573	8,352	10,719	7,365	63.9	20	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	69,267	9,363	11,593	7,106	60.7	25	Nov 8, 2024	J-GAAP
YoY	+4.0%	+12.1%	+8.2%	-3.5%	-5.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	119,177	12,668	16,625	9,973	86.1	40	May 12, 2023	J-GAAP
Mar, 2024	125,085	15,258	19,945	13,194	114.4	40	May 14, 2024	J-GAAP
Mar, 2025 Guidance	132,000	16,500	20,500	13,000	111.0	50	Aug 9, 2024	J-GAAP
YoY	+5.5%	+8.1%	+2.8%	-1.5%	-3.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	29,890	3,727	4,952	3,131	27.2	12.5	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	32,528	4,402	5,469	3,446	29.9	13.5	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	34,045	3,950	5,250	3,919	34.0	11.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	30,344	3,654	4,909	3,024	26.2	12.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	32,389	3,483	3,998	2,870	24.4	10.8	Nov 8, 2024	J-GAAP
YoY	+8.4%	-6.5%	-19.3%	-8.3%	-10.1%