Nittetsu Mining, The Current Fiscal Year Ordinary Profit Revised Upward by 15%, Dividend Revised Upward by 35 yen

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Thu Feb 6, 2025 5:10 pm JST Earnings

1515 Nittetsu Mining CO.,Ltd. 【J-GAAP】

Earnings Report

Nittetsu Mining CO.,Ltd. <1515> [TSE Prime] announced its financial results after the market closed on February 6th (17:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 5.3% from the same period last year, reaching 10.3 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 15.0%, from the previous forecast of 10 billion yen to 11.5 billion yen (compared to 12 billion yen in the previous period), and the declining rate is expected to decrease from 17.1% to 4.6%.

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) has been revised upward 43.8%, from the previous forecast of 3.42 billion yen to 4.92 billion yen (compared to 4.94 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 30.8% to 0.5%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 181 yen to 216 yen (compared to 169 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 38.7% from the same period last year, reaching 3.78 billion yen. The operating profit margin improved from 5.6% in the same period last year to 6.9%.

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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	121,717	11,830	11,645	7,356	442.2	88.2	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	124,532	8,927	9,840	6,447	387.5	81.6	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	145,656	8,804	10,363	8,296	498.7	90.1	Feb 6, 2025	J-GAAP
YoY	+17.0%	-1.4%	+5.3%	+28.7%	+28.7%

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	94,709	3,163	3,425	1,773	112.7	91	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	98,709	5,663	4,925	2,773	176.2	126	Feb 6, 2025	J-GAAP
Revision Rate	+4.2%	+79.0%	+43.8%	+56.4%	+56.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	190,000	8,500	10,000	7,500	476.6	181	Nov 7, 2024	J-GAAP
Mar, 2025 New	194,000	11,000	11,500	8,500	540.2	216	Feb 6, 2025	J-GAAP
Revision Rate	+2.1%	+29.4%	+15.0%	+13.3%	+13.3%

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	84,530	4,604	4,948	1,962	118.0	85	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	98,709	5,663	4,925	2,773	176.2	126	Feb 6, 2025	J-GAAP
YoY	+16.8%	+23.0%	-0.5%	+41.3%	+49.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	164,020	13,632	13,204	9,780	587.9	177.50	May 12, 2023	J-GAAP
Mar, 2024	166,884	11,177	12,056	6,602	396.9	169	May 13, 2024	J-GAAP
Mar, 2025 Guidance	194,000	11,000	11,500	8,500	540.2	216	Feb 6, 2025	J-GAAP
YoY	+16.2%	-1.6%	-4.6%	+28.7%	+36.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	42,178	2,354	2,732	1,807	108.6	5.6	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	42,352	2,250	2,216	155	9.3	5.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	46,934	4,607	4,044	4,213	253.3	9.8	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	48,357	730	2,531	1,514	91.0	1.5	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	50,365	3,467	3,788	2,569	154.4	6.9	Feb 6, 2025	J-GAAP
YoY	+19.4%	+47.3%	+38.7%	+42.2%	+42.2%