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

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 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 61.7 25 Nov 8, 2024 J-GAAP
YoY +4.0% +12.1% +8.2% -3.5% -3.5%

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 13,000 112.8 50 Aug 9, 2024 J-GAAP
YoY +5.5% +8.1% +2.8% -1.5% -1.4%

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%

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