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NAKAYAMA STEEL WORKS, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 30%, Oct-Dec Ordinary Profit Decreases by 34%

Thu Feb 6, 2025 3:00 pm JST Earnings

5408 NAKAYAMA STEEL WORKS, LTD. 【J-GAAP】

Earnings Report

NAKAYAMA STEEL WORKS, LTD. <5408> [TSE Prime] announced its financial results in the afternoon session on February 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 29.8% from the same period last year to 6.6 billion yen. However, the progress rate toward the full-year plan of 7.5 billion yen was 88.1%, also surpassing the five-year average of 78.6%.

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 significant drop 68.4% from the same period last year to 0.89 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.9 billion yen, a 34.0% decrease compared to the same period last year. The operating profit margin worsened from 6.5% in the same period last year to 4.8%.

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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 141,353 11,274 11,166 8,442 155.9 83.5 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 138,235 9,498 9,418 6,522 120.5 76.9 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 129,656 6,706 6,607 4,528 83.6 88.1 Feb 6, 2025 J-GAAP
YoY -6.2% -29.4% -29.8% -30.6% -30.6%

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 91,562 5,769 5,717 4,509 83.3 31 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 82,467 3,317 2,801 2,285 42.2 22 Nov 6, 2024 J-GAAP
YoY -9.9% -42.5% -51.0% -49.3% -49.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 188,514 13,644 13,371 10,227 188.9 55 May 9, 2023 J-GAAP
Mar, 2024 184,445 12,327 12,244 8,904 164.4 50 May 8, 2024 J-GAAP
Mar, 2025 Guidance 172,000 8,100 7,500 5,500 101.5 40 Nov 6, 2024 J-GAAP
YoY -6.7% -34.3% -38.7% -38.2% -38.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 45,352 2,940 2,891 2,127 39.3 6.5 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 46,210 2,829 2,826 2,382 44.0 6.1 May 8, 2024 J-GAAP
Apr - Jun, 2024 47,682 2,593 2,568 1,699 31.4 5.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 41,851 2,190 2,131 1,516 28.0 5.2 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 40,123 1,923 1,908 1,313 24.2 4.8 Feb 6, 2025 J-GAAP
YoY -11.5% -34.6% -34.0% -38.3% -38.3%

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