Nippon Carbon Co. , Ltd., July-September (3Q) Ordinary Profit Decreases by 8%

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Mon Nov 11, 2024 3:30 pm JST Earnings

5302 Nippon Carbon Co. , Ltd. 【J-GAAP】

Earnings Report

Nippon Carbon Co. , Ltd. <5302> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 5.8% from the same period last year, reaching 4.86 billion yen. However, The progress rate against the 7.2 billion yen full-year plan was 67.6%, also falling below the five-year average of 73.4%.

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 decrease by 7.2% from the same period last year to 2.33 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.09 billion yen, a 8.0% decrease compared to the same period last year. However, the operating profit margin rose from 12.9% in the same period last year to 15.6%.

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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	26,683	4,332	4,685	2,951	267.2	92.9	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	26,840	4,298	4,598	2,631	238.3	64.6	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	27,423	4,741	4,865	2,887	261.3	67.6	Nov 11, 2024	J-GAAP
YoY	+2.2%	+10.3%	+5.8%	+9.7%	+9.7%

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	19,771	3,402	3,702	2,093	189.5	100	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	24,200	3,707	3,425	1,808	163.5	100	Aug 9, 2024	J-GAAP
YoY	+22.4%	+9.0%	-7.5%	-13.6%	-13.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	35,799	4,791	5,042	3,194	289.2	200	Feb 10, 2023	J-GAAP
Dec, 2023	37,867	6,573	7,115	4,050	366.8	200	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	43,000	7,100	7,200	4,100	370.8	200	Feb 9, 2024	J-GAAP
YoY	+13.6%	+8.0%	+1.2%	+1.2%	+1.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,744	1,127	1,185	674	61.0	12.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	11,027	2,275	2,517	1,419	128.5	20.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	8,438	1,621	1,760	969	87.8	19.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	10,362	1,772	2,015	1,323	119.8	17.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	8,623	1,348	1,090	595	53.9	15.6	Nov 11, 2024	J-GAAP
YoY	-1.4%	+19.6%	-8.0%	-11.7%	-11.8%