NSK, Apr-Dec (Cumulative 3Q) Net Income Decreases by 17%, Oct-Dec Net Income Decreases by 52%

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Fri Jan 31, 2025 3:30 pm JST Earnings

6471 NSK Ltd. 【IFRS】

Earnings Report

NSK Ltd. <6471> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 31st (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 16.8% from the same period last year to 3.93 billion yen. The progress rate toward the full-year plan of 6 billion yen was 65.5%, also falling below the five-year average of 70.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to drop 45.3% from the same period last year to 2.06 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 1.96 billion yen, a 51.7% decrease compared to the same period last year. The operating profit margin worsened from 4.1% in the same period last year to 3.0%.

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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	580,871	29,874	29,746	10,926	21.3	68.7	Feb 1, 2023	IFRS
Apr - Dec, 2023	588,059	19,303	18,636	4,723	9.6	71.1	Feb 2, 2024	IFRS
Apr - Dec, 2024	596,921	15,633	12,854	3,931	8.0	71.4	Jan 31, 2025	IFRS
YoY	+1.5%	-19.0%	-31.0%	-16.8%	-16.0%

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	402,176	16,268	15,682	7,843	15.9	15	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	392,357	12,296	10,265	4,031	8.3	17	Oct 31, 2024	IFRS
YoY	-2.4%	-24.4%	-34.5%	-48.6%	-48.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	776,762	43,836	43,282	18,412	35.9	30	May 12, 2023	IFRS
Mar, 2024	788,867	27,391	26,210	8,502	17.3	30	May 9, 2024	IFRS
Mar, 2025 Guidance	790,000	22,000	18,000	6,000	12.3	34	Oct 31, 2024	IFRS
YoY	+0.1%	-19.7%	-31.3%	-29.4%	-28.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	201,368	8,180	8,108	4,064	8.2	4.1	Feb 2, 2024	IFRS
Jan - Mar, 2024	200,808	8,088	7,574	3,779	7.7	4.0	May 9, 2024	IFRS
Apr - Jun, 2024	200,495	5,873	5,153	1,902	3.9	2.9	Jul 29, 2024	IFRS
Jul - Sep, 2024	197,148	3,831	2,582	67	0.1	1.9	Oct 31, 2024	IFRS
Oct - Dec, 2024	199,278	5,929	5,119	1,962	4.0	3.0	Jan 31, 2025	IFRS
YoY	-1.0%	-27.5%	-36.9%	-51.7%	-51.3%