NICHICON, Oct-Dec (3Q) Ordinary Profit Increases by 47%, Current Fiscal Year Dividend Revised Upward by 1 yen

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Thu Feb 6, 2025 3:30 pm JST Earnings

6996 NICHICON CORPORATION 【J-GAAP】

Earnings Report

NICHICON CORPORATION <6996> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 35.8% from the same period last year to 6.27 billion yen. The progress rate toward the full-year plan of 7 billion yen was 89.6%, also surpassing the five-year average of 75.7%.

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 55.5% from the same period last year to 0.72 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 34 yen to 35 yen (compared to 33 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 46.6% from the same period last year, reaching 3.16 billion yen. However, the operating profit margin worsened from 4.9% in the same period last year to 4.2%.

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	137,272	9,700	11,960	6,326	92.5	78.4	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	138,751	7,946	9,770	8,005	117.0	85.6	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	132,745	3,762	6,271	7,157	104.6	89.6	Feb 6, 2025	J-GAAP
YoY	-4.3%	-52.7%	-35.8%	-10.6%	-10.6%

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	91,493	3,443	3,898	2,039	30.1	17	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	91,493	3,443	3,898	2,039	30.1	18	Feb 6, 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	176,000	5,200	7,000	6,100	90.0	34	Nov 6, 2024	J-GAAP
Mar, 2025 New	176,000	5,200	7,000	6,100	90.0	35	Feb 6, 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	89,088	3,215	3,799	2,201	32.2	17	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	91,493	3,443	3,898	2,039	30.1	18	Feb 6, 2025	J-GAAP
YoY	+2.7%	+7.1%	+2.6%	-7.4%	-6.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	184,725	12,676	15,263	7,814	114.2	30	May 9, 2023	J-GAAP
Mar, 2024	181,643	8,904	11,407	8,253	120.6	33	May 9, 2024	J-GAAP
Mar, 2025 Guidance	176,000	5,200	7,000	6,100	90.0	35	Feb 6, 2025	J-GAAP
YoY	-3.1%	-41.6%	-38.6%	-26.1%	-25.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	46,196	2,257	2,162	1,953	28.6	4.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	42,892	958	1,637	248	3.6	2.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	41,150	151	1,443	1,728	25.3	0.4	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	43,357	1,606	1,659	2,333	34.1	3.7	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	48,238	2,005	3,169	3,096	45.3	4.2	Feb 6, 2025	J-GAAP
YoY	+4.4%	-11.2%	+46.6%	+58.5%	+58.5%