Nippon Chemical Industrial Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 24%, Dividend Revised Upward by 22 yen

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Tue Nov 12, 2024 4:00 pm JST Earnings

4092 Nippon Chemical Industrial Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Chemical Industrial Co.,Ltd. <4092> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.6 times that of the same period last year, reaching 2.39 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 24.1%, from the previous forecast of 2.9 billion yen to 3.6 billion yen (compared to 2.38 billion yen in the previous period), increasing the growth rate from 21.7% to 51.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 18.1% from the same period last year to 1.2 billion yen.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 70 yen to 92 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 42.0% from the same period last year, reaching 652 million yen. The operating profit margin improved from 4.7% in the same period last year to 6.9%.

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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	19,653	992	1,123	735	83.5	79.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	18,672	803	909	611	69.3	38.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	20,678	2,401	2,393	1,633	185.1	66.5	Nov 12, 2024	J-GAAP
YoY	+10.7%	+199.0%	+163.3%	+167.3%	+167.0%

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	－	35	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	20,678	2,401	2,393	1,633	185.1	46	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	40,000	2,900	2,900	2,000	226.7	70	May 14, 2024	J-GAAP
Mar, 2025 New	40,000	3,600	3,600	2,600	294.8	92	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	+24.1%	+24.1%	+30.0%	+30.0%

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	19,866	1,461	1,474	979	111.1	35	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,322	1,199	1,207	967	109.6	46	Nov 12, 2024	J-GAAP
YoY	-2.7%	-17.9%	-18.1%	-1.2%	-1.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	38,075	1,292	1,412	855	97.1	70	May 11, 2023	J-GAAP
Mar, 2024	38,538	2,264	2,383	1,590	180.4	70	May 14, 2024	J-GAAP
Mar, 2025 Guidance	40,000	3,600	3,600	2,600	294.8	92	Nov 12, 2024	J-GAAP
YoY	+3.8%	+59.0%	+51.1%	+63.5%	+63.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,742	454	459	324	36.8	4.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	9,989	844	851	632	71.7	8.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	9,877	617	623	347	39.4	6.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	10,379	1,688	1,741	1,252	141.9	16.3	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	10,299	713	652	381	43.2	6.9	Nov 12, 2024	J-GAAP
YoY	+5.7%	+57.0%	+42.0%	+17.6%	+17.5%