NIPPON CONCRETE INDUSTRIES CO.,LTD., First Half Ordinary Profit Decreases by 19%, July-September Ordinary Profit Decreases by 37%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 2:00 pm JST Earnings

5269 NIPPON CONCRETE INDUSTRIES CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON CONCRETE INDUSTRIES CO.,LTD. <5269> [TSE-P] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.6% from the same period last year to 1.24 billion yen. The progress rate against the 2.8 billion yen full-year plan was 44.5%, also falling below the same period of the previous year of 68.2%.

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 surge by 2.2 times that of the same period last year, reaching 1.55 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 564 million yen, a 36.7% decrease compared to the same period last year. The operating profit margin worsened from 6.1% in the same period last year to 4.0%.

Kabutan News

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	24,608	40	363	49	0.9	374.2	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	26,433	1,273	1,529	808	14.9	68.2	Jan 17, 2024	J-GAAP
Apr - Sep, 2024	25,597	892	1,245	481	8.9	44.5	Nov 14, 2024	J-GAAP
YoY	-3.2%	-29.9%	-18.6%	-40.5%	-40.5%

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	26,600	700	1,000	600	11.1	6.50	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	25,597	892	1,245	481	8.9	6.50	Nov 14, 2024	J-GAAP
Revision Rate	-3.8%	+27.4%	+24.5%	-19.8%	-19.8%

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	27,217	534	713	-194	-3.6	6.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	31,403	1,508	1,555	1,119	20.6	6.50	Nov 14, 2024	J-GAAP
YoY	+15.4%	+182.4%	+118.1%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	52,986	-228	97	-439	-8.1	0	May 19, 2023	J-GAAP
Mar, 2024	53,650	1,807	2,242	614	11.3	13	May 15, 2024	J-GAAP
Mar, 2025 Guidance	57,000	2,400	2,800	1,600	29.5	13	May 15, 2024	J-GAAP
YoY	+6.2%	+32.8%	+24.9%	+160.6%	+160.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,789	837	891	464	8.6	6.1	Jan 17, 2024	J-GAAP
Oct - Dec, 2023	13,873	571	613	130	2.4	4.1	Mar 14, 2024	J-GAAP
Jan - Mar, 2024	13,344	-37	100	-324	-6.0	-0.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	12,958	388	681	315	5.8	3.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	12,639	504	564	166	3.1	4.0	Nov 14, 2024	J-GAAP
YoY	-8.3%	-39.8%	-36.7%	-64.2%	-64.2%