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NANKAI CHEMICAL COMPANY,LIMITED, First Half Ordinary Profit Decreases by 30%, July-September Ordinary Profit Decreases by 63%

Wed Nov 13, 2024 3:30 pm JST Earnings

4040 NANKAI CHEMICAL COMPANY,LIMITED 【J-GAAP】

Earnings Report

NANKAI CHEMICAL COMPANY,LIMITED <4040> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 30.0% from the same period last year to 623 million yen. However, The progress rate against the 1.2 billion yen full-year plan was 51.9%, almost the same as the same period of the previous year of 50.0%.

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 drop by 35.2% from the same period last year to 577 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 116 million yen, a 62.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.5% in the same period last year to 3.9%.

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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, 2023 9,142 891 890 642 327.0 50.0 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 8,788 516 623 447 223.0 51.9 Nov 13, 2024 J-GAAP
YoY -3.9% -42.1% -30.0% -30.4% -31.8%

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 20 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 8,788 516 623 447 223.0 20 Nov 13, 2024 J-GAAP
Revision Rate

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 10,845 673 890 516 261.4 35 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,242 554 577 273 135.9 35 Nov 13, 2024 J-GAAP
YoY +12.9% -17.7% -35.2% -47.1% -48.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,601 796 886 504 391.9 15 May 15, 2023 J-GAAP
Mar, 2024 19,987 1,564 1,780 1,158 586.7 50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 21,030 1,070 1,200 720 358.3 55 May 14, 2024 J-GAAP
YoY +5.2% -31.6% -32.6% -37.8% -38.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,266 320 311 245 124.8 7.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 5,280 398 563 369 187.5 7.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,565 275 327 147 74.5 4.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,614 355 507 335 167.7 7.7 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 4,174 161 116 112 55.9 3.9 Nov 13, 2024 J-GAAP
YoY -2.2% -49.7% -62.7% -54.3% -55.2%

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