NIPPON FELT, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 10%, Oct-Dec Ordinary Profit Decreases by 36%

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Fri Jan 31, 2025 2:00 pm JST Earnings

3512 NIPPON FELT CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON FELT CO.,LTD. <3512> [TSE Std] announced its financial results in the afternoon session on January 31st (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 9.8% from the same period last year to 559 million yen. The progress rate toward the full-year plan of 900 million yen was 62.1%, also falling below the five-year average of 82.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 7.9 times that of the same period last year, reaching 341 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 152 million yen, a 35.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.3% in the same period last year to 1.4%.

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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	7,751	651	883	617	32.9	83.7	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	7,512	420	620	433	23.4	93.5	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	7,324	301	559	383	21.1	62.1	Jan 31, 2025	J-GAAP
YoY	-2.5%	-28.3%	-9.8%	-11.5%	-9.5%

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	5,133	184	280	215	11.7	10	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,618	432	493	427	24.1	10	Oct 31, 2024	J-GAAP
YoY	+9.4%	+134.8%	+76.1%	+98.6%	+106.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,399	824	1,055	750	39.9	13	May 15, 2023	J-GAAP
Mar, 2024	10,082	468	663	487	26.4	16	May 15, 2024	J-GAAP
Mar, 2025 Guidance	10,500	700	900	700	39.5	20	May 15, 2024	J-GAAP
YoY	+4.1%	+49.6%	+35.7%	+43.7%	+49.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,563	136	237	161	8.7	5.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,570	48	43	54	2.9	1.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,426	108	245	156	8.6	4.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	2,456	160	162	117	6.4	6.5	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	2,442	33	152	110	6.1	1.4	Jan 31, 2025	J-GAAP
YoY	-4.7%	-75.7%	-35.9%	-31.7%	-30.1%