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

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%.

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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 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%

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