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NICHIA STEEL WORKS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 18%, Oct-Dec Ordinary Profit Increases by 48%

Fri Jan 31, 2025 2:00 pm JST Earnings

5658 NICHIA STEEL WORKS,LTD. 【J-GAAP】

Earnings Report

NICHIA STEEL WORKS,LTD. <5658> [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) increased 18.0% from the same period last year, reaching 1.63 billion yen. However, the progress rate toward the full-year plan of 2.2 billion yen was 74.5%, almost the same as the five-year average of 72.7%.

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 decrease 23.6% from the same period last year to 0.56 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 48.1% from the same period last year, reaching 0.69 billion yen. The operating profit margin improved from 3.6% in the same period last year to 5.1%.

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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 25,367 1,381 1,798 1,011 20.9 78.5 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 25,861 952 1,388 784 16.3 65.3 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 25,663 1,110 1,638 748 15.8 74.5 Jan 31, 2025 J-GAAP
YoY -0.8% +16.6% +18.0% -4.6% -3.3%

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 17,690 708 1,208 766 16.0 6 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,609 1,034 1,261 682 14.5 6 Nov 11, 2024 J-GAAP
YoY +10.8% +46.0% +4.4% -11.0% -9.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,075 1,822 2,289 1,332 27.5 10 May 12, 2023 J-GAAP
Mar, 2024 34,497 1,335 2,124 1,258 26.2 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 36,500 1,700 2,200 1,150 24.5 10 May 14, 2024 J-GAAP
YoY +5.8% +27.3% +3.6% -8.6% -6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 9,054 325 472 292 6.1 3.6 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 8,636 383 736 474 9.9 4.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 8,608 303 580 325 6.8 3.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 8,283 363 359 143 3.0 4.4 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 8,772 444 699 280 5.9 5.1 Jan 31, 2025 J-GAAP
YoY -3.1% +36.6% +48.1% -4.1% -2.6%

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