Nippon Sheet Glass, The Current Fiscal Year Net Income Revised Downward to a Loss

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Fri Feb 7, 2025 1:00 pm JST Earnings

5202 Nippon Sheet Glass Company,Limited 【IFRS】

Earnings Report

Nippon Sheet Glass Company,Limited <5202> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 7th (13:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 10 billion yen (compared to a profit of 13.5 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected break even to a loss of 17 billion yen (compared to a profit of 10.6 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 3.86 billion yen to a loss of 13.1 billion yen (compared to a profit of 0.86 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a loss of 6.21 billion yen (compared to a profit of 3.73 billion yen in the same period last year). The operating profit margin worsened from 3.2% in the same period last year to 0.3%.

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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	566,225	24,155	-26,808	-37,160	-425.2	ー	Feb 9, 2023	IFRS
Apr - Dec, 2023	612,696	32,093	21,075	13,503	132.3	119.8	Feb 9, 2024	IFRS
Apr - Dec, 2024	629,966	10,806	-6,202	-10,079	-126.7	ー	Feb 7, 2025	IFRS
YoY	+2.8%	-66.3%	－	－	－

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	427,563	15,771	5,846	3,867	0.0	0	Nov 8, 2024	IFRS
Oct - Mar, 2024 New	427,563	5,771	-11,154	-13,133	-159.9	0	Feb 7, 2025	IFRS
Revision Rate	0.0%	-63.4%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	850,000	26,000	6,000	0	0.0	0	Nov 8, 2024	IFRS
Mar, 2025 New	850,000	16,000	-11,000	-17,000	-207.0	0	Feb 7, 2025	IFRS
Revision Rate	0.0%	-38.5%	－	－	－

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	412,369	9,832	-1,738	862	7.7	0	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	427,563	5,771	-11,154	-13,133	-159.9	0	Feb 7, 2025	IFRS
YoY	+3.7%	-41.3%	-541.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	763,521	34,812	-21,933	-33,761	-393.1	0	May 12, 2023	IFRS
Mar, 2024	832,537	35,860	17,597	10,633	95.4	0	May 10, 2024	IFRS
Mar, 2025 Guidance	850,000	16,000	-11,000	-17,000	-207.0	0	Feb 7, 2025	IFRS
YoY	+2.1%	-55.4%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	192,528	6,065	1,740	3,732	36.6	3.2	Feb 9, 2024	IFRS
Jan - Mar, 2024	219,841	3,767	-3,478	-2,870	-25.8	1.7	May 10, 2024	IFRS
Apr - Jun, 2024	216,423	4,762	43	2,400	21.0	2.2	Aug 8, 2024	IFRS
Jul - Sep, 2024	206,014	5,467	111	-6,267	-86.2	2.7	Nov 8, 2024	IFRS
Oct - Dec, 2024	207,529	577	-6,356	-6,212	-78.1	0.3	Feb 7, 2025	IFRS
YoY	+7.8%	-90.5%	－	－	－