kabutan

NICHIA STEEL WORKS,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 3%

Mon Nov 11, 2024 4:00 pm JST Earnings

5658 NICHIA STEEL WORKS,LTD. 【J-GAAP】

Earnings Report

NICHIA STEEL WORKS,LTD. <5658> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 939 million yen, a 2.5% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 10.5% decrease.

The progress rate against the 2.2 billion yen full-year plan was 42.7%, almost the same as the five-year average of 42.2%.

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 4.4% from the same period last year, reaching 1.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 359 million yen, a 1.1% decrease compared to the same period last year. However, the operating profit margin improved from 3.7% in the same period last year to 4.4%.

Kabutan News

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 16,069 711 1,089 640 13.2 47.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 16,807 627 916 492 10.2 43.1 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 16,891 666 939 468 9.9 42.7 Nov 11, 2024 J-GAAP
YoY +0.5% +6.2% +2.5% -4.9% -3.6%

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 17,000 560 820 430 9.1 4 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 16,891 666 939 468 9.9 4 Nov 11, 2024 J-GAAP
Revision Rate -0.6% +18.9% +14.5% +8.8% +8.6%

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 17,690 708 1,208 766 16.0 6 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,609 1,034 1,261 682 14.5 6 Nov 11, 2024 J-GAAP
YoY +10.8% +46.0% +4.4% -11.0% -9.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,075 1,822 2,289 1,332 27.5 10 May 12, 2023 J-GAAP
Mar, 2024 34,497 1,335 2,124 1,258 26.2 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 36,500 1,700 2,200 1,150 24.5 10 May 14, 2024 J-GAAP
YoY +5.8% +27.3% +3.6% -8.6% -6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,619 323 363 190 4.0 3.7 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 9,054 325 472 292 6.1 3.6 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 8,636 383 736 474 9.9 4.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 8,608 303 580 325 6.8 3.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 8,283 363 359 143 3.0 4.4 Nov 11, 2024 J-GAAP
YoY -3.9% +12.4% -1.1% -24.7% -23.8%

Related Articles