NIPPON PAINT HOLDINGS CO.,LTD., January-September (Third Quarter Cumulative) Net Income Increases by 5%

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Thu Nov 14, 2024 3:30 pm JST Earnings

4612 NIPPON PAINT HOLDINGS CO.,LTD. 【IFRS】

Earnings Report

NIPPON PAINT HOLDINGS CO.,LTD. <4612> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 5.1% from the same period last year, reaching 98.2 billion yen. The progress rate against the 124 billion yen full-year plan was 79.2%, also surpassing the five-year average of 76.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to grow by 3.1% from the same period last year, reaching 25.7 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income amounted to 31.8 billion yen, a 2.1% decrease compared to the same period last year. The operating profit margin decreased from 12.2% in the same period last year to 11.7%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	979,916	81,831	79,627	54,695	23.3	76.2	Nov 14, 2022	IFRS
Jan - Sep, 2023	1,085,878	131,625	127,042	93,444	39.8	78.7	Nov 14, 2023	IFRS
Jan - Sep, 2024	1,222,747	141,758	135,659	98,203	41.8	78.0	Nov 14, 2024	IFRS
YoY	+12.6%	+7.7%	+6.8%	+5.1%	+5.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	749,649	85,007	79,546	57,578	24.5	8	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	782,857	89,510	82,078	57,661	24.6	8	Aug 8, 2024	IFRS
YoY	+4.4%	+5.3%	+3.2%	+0.1%	+0.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,309,021	111,882	104,495	79,418	33.8	11	Feb 14, 2023	IFRS
Dec, 2023	1,442,574	168,745	161,500	118,476	50.5	14	Feb 14, 2024	IFRS
Dec, 2024 Guidance	1,600,000	184,000	174,000	124,000	52.8	15	Feb 14, 2024	IFRS
YoY	+10.9%	+9.0%	+7.7%	+4.7%	+4.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	392,953	47,887	45,088	32,546	13.9	12.2	Nov 14, 2023	IFRS
Oct - Dec, 2023	356,696	37,120	34,458	25,032	10.7	10.4	Feb 14, 2024	IFRS
Jan - Mar, 2024	384,319	42,664	41,344	30,280	12.9	11.1	May 15, 2024	IFRS
Apr - Jun, 2024	432,824	51,826	50,578	36,059	15.4	12.0	Aug 8, 2024	IFRS
Jul - Sep, 2024	405,604	47,268	43,737	31,864	13.6	11.7	Nov 14, 2024	IFRS
YoY	+3.2%	-1.3%	-3.0%	-2.1%	-2.1%