Nippon Yakin, Oct-Dec (3Q) Ordinary Profit Increases by 89%, Current Fiscal Year Dividend Revised Upward by 20 yen

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Wed Feb 5, 2025 3:30 pm JST Earnings

5480 Nippon Yakin kogyo Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Yakin kogyo Co.,Ltd. <5480> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 15.4% from the same period last year to 12.9 billion yen. However, the progress rate toward the full-year plan of 17 billion yen was 76.3%, almost the same as the five-year average of 77.3%.

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 grow 5.9% from the same period last year, reaching 4.02 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 200 yen to 220 yen (compared to 200 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 89.3% from the same period last year, reaching 4.67 billion yen. The operating profit margin significantly improved from 6.8% in the same period last year to 11.0%.

Kabutan News

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	150,016	23,094	22,023	15,549	1,039.0	79.4	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	137,787	15,905	15,327	10,812	743.2	80.1	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	131,366	13,204	12,973	9,095	643.0	76.3	Feb 5, 2025	J-GAAP
YoY	-4.7%	-17.0%	-15.4%	-15.9%	-13.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	84,166	9,457	8,702	6,193	439.7	100	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	84,166	9,457	8,702	6,193	439.7	120	Feb 5, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	173,000	18,000	17,000	12,000	852.0	200	Oct 31, 2024	J-GAAP
Mar, 2025 New	173,000	18,000	17,000	12,000	852.0	220	Feb 5, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	86,434	7,109	6,270	4,533	312.0	100	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	84,166	9,457	8,702	6,193	439.7	120	Feb 5, 2025	J-GAAP
YoY	-2.6%	+33.0%	+38.8%	+36.6%	+40.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	199,324	29,256	27,738	19,703	1,316.8	200	May 9, 2023	J-GAAP
Mar, 2024	180,341	20,010	19,128	13,565	933.6	200	May 9, 2024	J-GAAP
Mar, 2025 Guidance	173,000	18,000	17,000	12,000	852.0	220	Feb 5, 2025	J-GAAP
YoY	-4.1%	-10.0%	-11.1%	-11.5%	-8.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	43,880	3,004	2,469	1,780	122.4	6.8	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	42,554	4,105	3,801	2,753	189.5	9.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	46,595	4,873	5,198	3,588	251.5	10.5	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	42,239	3,670	3,100	2,219	156.5	8.7	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	42,532	4,661	4,675	3,288	232.5	11.0	Feb 5, 2025	J-GAAP
YoY	-3.1%	+55.2%	+89.3%	+84.7%	+90.0%