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NGK SPARK PLUG, Apr-Dec (Cumulative 3Q) Net Income Increases by 9%, Oct-Dec Net Income Increases by 9%

Fri Jan 31, 2025 4:30 pm JST Earnings

5334 NGK SPARK PLUG CO.,LTD. 【IFRS】

Earnings Report

NGK SPARK PLUG CO.,LTD. <5334> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 31st (16:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 9.0% from the same period last year, reaching 74.4 billion yen. The progress rate toward the full-year plan of 95 billion yen was 78.4%, almost the same as the five-year average of 79.7%.

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 expand 43.5% from the same period last year, reaching 20.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 8.6% from the same period last year, reaching 24 billion yen. However, the operating profit margin decreased from 20.0% in the same period last year to 19.3%.

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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 419,211 80,597 83,665 59,374 292.1 89.6 Jan 30, 2023 IFRS
Apr - Dec, 2023 455,869 87,900 95,462 68,324 337.9 81.5 Jan 31, 2024 IFRS
Apr - Dec, 2024 485,673 103,329 106,933 74,449 374.7 79.2 Jan 31, 2025 IFRS
YoY +6.5% +17.6% +12.0% +9.0% +10.9%

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 313,334 50,582 51,608 36,460 180.6 84 Apr 30, 2024 IFRS
Oct - Mar, 2024 Guidance 328,413 57,708 63,110 44,602 224.8 89 Oct 31, 2024 IFRS
YoY +4.8% +14.1% +22.3% +22.3% +24.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 562,559 89,219 93,384 66,293 326.1 166 Apr 28, 2023 IFRS
Mar, 2024 614,486 107,591 117,184 82,646 409.5 164 Apr 30, 2024 IFRS
Mar, 2025 Guidance 653,000 130,000 135,000 95,000 478.7 177 Oct 31, 2024 IFRS
YoY +6.3% +20.8% +15.2% +14.9% +16.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 154,717 30,891 29,886 22,138 109.5 20.0 Jan 31, 2024 IFRS
Jan - Mar, 2024 158,617 19,691 21,722 14,322 71.0 12.4 Apr 30, 2024 IFRS
Apr - Jun, 2024 165,450 39,132 42,415 27,849 139.8 23.7 Jul 31, 2024 IFRS
Jul - Sep, 2024 159,137 33,160 29,475 22,549 113.4 20.8 Oct 31, 2024 IFRS
Oct - Dec, 2024 161,086 31,037 35,043 24,051 121.1 19.3 Jan 31, 2025 IFRS
YoY +4.1% +0.5% +17.3% +8.6% +10.6%

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