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Nippon Tungsten, The Current Fiscal Year Ordinary Profit Revised Upward by 10%

Thu Feb 6, 2025 4:00 pm JST Earnings

6998 Nippon Tungsten Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Tungsten Co.,Ltd. <6998> [TSE Std] announced its financial results after the market closed on February 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 28.6% from the same period last year, reaching 778 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward 10.0%, from the previous forecast of 800 million yen to 880 million yen (compared to 786 million yen in the previous period), increasing the growth rate from 1.8% to 12.0%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 28.9%, from the previous forecast of 277 million yen to 357 million yen (compared to 329 million yen in the same period of the previous year), turning to a 8.5% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 72.3% from the same period last year, reaching 255 million yen. The operating profit margin improved from 3.5% in the same period last year to 5.2%.

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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 9,812 872 1,090 761 157.6 88.8 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 8,374 383 605 485 100.4 77.0 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 9,331 554 778 543 112.2 88.4 Feb 6, 2025 J-GAAP
YoY +11.4% +44.6% +28.6% +12.0% +11.8%

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 5,691 123 277 206 42.5 25 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 5,991 253 357 246 50.7 25 Feb 6, 2025 J-GAAP
Revision Rate +5.3% +105.7% +28.9% +19.4% +19.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 12,000 520 800 560 115.5 50 May 9, 2024 J-GAAP
Mar, 2025 New 12,300 650 880 600 123.7 50 Feb 6, 2025 J-GAAP
Revision Rate +2.5% +25.0% +10.0% +7.1% +7.1%

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 5,795 187 329 166 34.3 25 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,991 253 357 246 50.7 25 Feb 6, 2025 J-GAAP
YoY +3.4% +35.3% +8.5% +48.2% +47.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,645 927 1,227 767 158.8 60 May 19, 2023 J-GAAP
Mar, 2024 11,464 476 786 527 108.9 50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 12,300 650 880 600 123.7 50 Feb 6, 2025 J-GAAP
YoY +7.3% +36.6% +12.0% +13.9% +13.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,705 94 148 124 25.7 3.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,090 93 181 42 8.7 3.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,181 180 284 187 38.6 5.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,128 217 239 167 34.5 6.9 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 3,022 157 255 189 39.1 5.2 Feb 6, 2025 J-GAAP
YoY +11.7% +67.0% +72.3% +52.4% +52.2%

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