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

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%

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