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Nippon Tungsten Co.,Ltd., First Half Ordinary Profit Increases by 14%, July-September Ordinary Profit Increases by 24%

Wed Nov 13, 2024 3:00 pm JST Earnings

6998 Nippon Tungsten Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Tungsten Co.,Ltd. <6998> [TSE-S] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 14.4% from the same period last year, reaching 523 million yen. The progress rate against the 800 million yen full-year plan was 65.4%, also surpassing the five-year average of 48.6%.

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 decrease by 15.8% from the same period last year to 277 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 23.8% from the same period last year, reaching 239 million yen. The operating profit margin improved from 5.0% 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 6,611 602 756 518 107.3 61.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 5,669 289 457 361 74.7 58.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 6,309 397 523 354 73.2 65.4 Nov 13, 2024 J-GAAP
YoY +11.3% +37.4% +14.4% -1.9% -2.0%

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 6,300 400 500 350 72.2 25 Sep 26, 2024 J-GAAP
Apr - Sep, 2024 Results 6,309 397 523 354 73.2 25 Nov 13, 2024 J-GAAP
Revision Rate +0.1% -0.8% +4.6% +1.1% +1.5%

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 5,795 187 329 166 34.3 25 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,691 123 277 206 42.5 25 Nov 13, 2024 J-GAAP
YoY -1.8% -34.2% -15.8% +24.1% +23.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,645 927 1,227 767 158.8 60 May 19, 2023 J-GAAP
Mar, 2024 11,464 476 786 527 108.9 50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 12,000 520 800 560 115.5 50 May 9, 2024 J-GAAP
YoY +4.7% +9.2% +1.8% +6.3% +6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,787 138 193 184 38.1 5.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,705 94 148 124 25.7 3.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,090 93 181 42 8.7 3.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,181 180 284 187 38.6 5.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,128 217 239 167 34.5 6.9 Nov 13, 2024 J-GAAP
YoY +12.2% +57.2% +23.8% -9.2% -9.3%

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