NIPPON GEAR, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 5%

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Fri Jan 31, 2025 1:00 pm JST Earnings

6356 NIPPON GEAR CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON GEAR CO.,LTD. <6356> [TSE Std] announced its financial results in the afternoon session on January 31st (13:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 5.4% from the same period last year to 1.57 billion yen. However, the progress rate toward the full-year plan of 1.67 billion yen was 94.3%, also surpassing the five-year average of 74.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to significant drop 80.3% from the same period last year to 0.09 billion yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit decreased to 0.65 billion yen, a 22.2% decrease compared to the same period last year. The operating profit margin decreased from 29.2% in the same period last year to 25.4%.

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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
Apr - Dec, 2022	5,323	659	686	501	35.2	68.7	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	7,000	1,631	1,664	1,122	78.9	77.4	Jan 30, 2024	J-GAAP
Apr - Dec, 2024	6,778	1,534	1,574	1,066	74.9	94.3	Jan 31, 2025	J-GAAP
YoY	-3.2%	-5.9%	-5.4%	-5.0%	-5.0%

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	5,458	1,325	1,329	994	69.8	5	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,059	750	751	525	36.9	4	Oct 31, 2024	J-GAAP
YoY	-7.3%	-43.4%	-43.5%	-47.2%	-47.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,520	964	999	685	48.1	6	May 12, 2023	J-GAAP
Mar, 2024	9,622	2,128	2,151	1,539	108.1	8	May 13, 2024	J-GAAP
Mar, 2025 Guidance	9,300	1,640	1,670	1,150	80.8	8	May 13, 2024	J-GAAP
YoY	-3.3%	-22.9%	-22.4%	-25.3%	-25.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,836	828	842	577	40.6	29.2	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	2,622	497	487	417	29.3	19.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,110	523	543	369	26.0	24.8	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	2,131	367	376	256	18.0	17.2	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	2,537	644	655	441	31.0	25.4	Jan 31, 2025	J-GAAP
YoY	-10.5%	-22.2%	-22.2%	-23.6%	-23.6%