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

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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	ー	ー	ー	ー	－	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	358.5	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%