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NIHON PLAST, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 32%, Exceeds Full-Year Plan

Fri Feb 7, 2025 3:00 pm JST Earnings

7291 NIHON PLAST CO.,LTD. 【J-GAAP】

Earnings Report

NIHON PLAST CO.,LTD. <7291> [TSE Std] announced its financial results in the afternoon session on February 7th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 31.8% from the same period last year to 1.67 billion yen. The progress rate toward the full-year plan of 1.4 billion yen is 119.6%, already exceeding the target and also exceeding the same period of the previous year of 84.1%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.27 billion yen (compared to a profit of 0.46 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 6.4% from the same period last year, reaching 0.36 billion yen. The operating profit margin improved from 1.5% in the same period last year to 2.1%.

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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 75,476 -1,590 -1,107 -1,997 -104.5 ー Feb 10, 2023 J-GAAP
Apr - Dec, 2023 90,509 2,194 2,456 2,527 132.1 84.1 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 90,073 2,139 1,674 1,280 67.6 119.6 Feb 7, 2025 J-GAAP
YoY -0.5% -2.5% -31.8% -49.3% -48.8%

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 66,047 1,087 810 649 34.0 7.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 61,681 476 94 100 5.3 7.50 Nov 8, 2024 J-GAAP
YoY -6.6% -56.2% -88.4% -84.6% -84.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 103,359 -966 -749 -3,602 -188.4 10 May 22, 2023 J-GAAP
Mar, 2024 124,255 2,811 2,920 2,478 129.8 15 May 10, 2024 J-GAAP
Mar, 2025 Guidance 122,000 2,000 1,400 900 47.5 15 May 10, 2024 J-GAAP
YoY -1.8% -28.9% -52.1% -63.7% -63.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 32,301 470 346 698 36.5 1.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 33,746 617 464 -49 -2.6 1.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 29,444 399 631 440 23.3 1.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 30,875 1,125 675 360 19.0 3.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 29,754 615 368 480 25.4 2.1 Feb 7, 2025 J-GAAP
YoY -7.9% +30.9% +6.4% -31.2% -30.5%

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