Nippon Pigment Holdings Company Limited, First Half Operating Profit Turns to Profit

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Tue Nov 12, 2024 1:00 pm JST Earnings

4119 Nippon Pigment Holdings Company Limited 【J-GAAP】

Earnings Report

Nippon Pigment Holdings Company Limited <4119> [TSE-S] announced its financial results in the afternoon session on November 12th (13:00). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 43 million yen (compared to a loss of 10 million yen in the same period last year). The progress rate against the 450 million yen full-year plan was 9.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to decrease by 6.4% from the same period last year to 407 million yen.

In the most recent three-month period, from July to September (2Q), the operating profit/loss margin worsened from 0.0% in the same period last year to -0.4%.

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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	13,394	-50	76	64	41.1	118.8	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	13,604	-10	116	16	10.2	17.9	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	16,814	43	173	6,647	4,235.3	28.8	Nov 12, 2024	J-GAAP
YoY	+23.6%	－	+49.1%	+41,443.8%	+41,462.8%

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	18,000	100	200	6,800	4,332.3	－	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	16,814	43	173	6,647	4,235.3	－	Nov 12, 2024	J-GAAP
Revision Rate	-6.6%	-57.0%	-13.5%	-2.3%	-2.2%

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	13,079	435	532	724	461.7	100	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	25,186	407	427	353	224.9	100	Nov 12, 2024	J-GAAP
YoY	+92.6%	-6.4%	-19.7%	-51.2%	-51.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	27,463	-59	64	-519	-331.2	100	May 12, 2023	J-GAAP
Mar, 2024	26,683	425	648	740	471.9	100	May 10, 2024	J-GAAP
Mar, 2025 Guidance	42,000	450	600	7,000	4,459.7	100	Aug 9, 2024	J-GAAP
YoY	+57.4%	+5.9%	-7.4%	+845.9%	+845.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,842	0	53	-6	-3.8	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	7,241	201	251	159	101.8	2.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,838	234	281	565	360.3	4.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,867	79	147	6,506	4,145.5	1.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,947	-36	26	141	89.8	-0.4	Nov 12, 2024	J-GAAP
YoY	+45.4%	－	-50.9%	－	－