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Chubu Steel Plate, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 53%, Exceeds Full-Year Plan

Tue Feb 4, 2025 3:00 pm JST Earnings

5461 Chubu Steel Plate Co.,Ltd. 【J-GAAP】

Earnings Report

Chubu Steel Plate Co.,Ltd. <5461> [TSE Prime] announced its financial results in the afternoon session on February 4th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 52.7% from the same period last year to 3.53 billion yen. The progress rate toward the full-year plan of 1.7 billion yen is 207.7%, already exceeding the target and also exceeding the five-year average of 74.9%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 1.83 billion yen (compared to a profit of 2.75 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.01 billion yen (compared to a profit of 3.1 billion yen in the same period last year). The operating profit margin sharply declined from 17.6% in the same period last year to 0.2%.

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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 58,066 9,170 9,257 6,375 230.8 75.1 Feb 1, 2023 J-GAAP
Apr - Dec, 2023 50,438 7,549 7,472 5,168 187.2 73.1 Feb 1, 2024 J-GAAP
Apr - Dec, 2024 42,732 3,649 3,531 2,513 92.8 207.7 Feb 4, 2025 J-GAAP
YoY -15.3% -51.7% -52.7% -51.4% -50.4%

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 35,076 6,000 5,865 4,089 148.7 61 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,469 -1,829 -1,849 -1,301 -48.0 51 Jan 28, 2025 J-GAAP
YoY -44.5% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 76,320 12,261 12,328 8,577 310.5 104 Apr 28, 2023 J-GAAP
Mar, 2024 67,785 10,425 10,228 7,133 259.3 91 May 8, 2024 J-GAAP
Mar, 2025 Guidance 50,000 1,800 1,700 1,200 44.3 101 Jan 28, 2025 J-GAAP
YoY -26.2% -82.7% -83.4% -83.2% -82.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 17,729 3,124 3,109 2,124 76.9 17.6 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 17,347 2,876 2,756 1,965 71.4 16.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 17,487 2,800 2,868 2,044 75.5 16.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 13,044 829 681 457 16.9 6.4 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 12,201 20 -18 12 0.4 0.2 Feb 4, 2025 J-GAAP
YoY -31.2% -99.4% － -99.4% -99.4%

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