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NIPPON CERAMIC, 3% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 25 yen, Plan to Continue the 125 yen Policy This Fiscal Year as Well

Fri Feb 7, 2025 3:10 pm JST Earnings

6929 NIPPON CERAMIC CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON CERAMIC CO.,LTD. <6929> [TSE Prime] announced its financial results in the afternoon session on February 7th (15:10). The consolidated ordinary profit for the fiscal year ending December 2024 increased 10.0% from the previous period to 5.84 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 2.7% to 6 billion yen, marking the fourth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 100 yen to 125 yen (compared to 100 yen in the prior term), and has decided to continue with a dividend of 125 yen for the current term as well.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit increased 71.9% from the same period last year, reaching 1.81 billion yen. The operating profit margin rose from 17.5% in the same period last year to 20.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 23,258 4,178 4,946 5,022 206.0 125 Feb 3, 2023 J-GAAP
Dec, 2023 24,449 4,574 5,313 3,693 156.6 100 Feb 9, 2024 J-GAAP
Dec, 2024 25,037 4,961 5,844 4,162 181.3 125 Feb 7, 2025 J-GAAP
YoY +2.4% +8.5% +10.0% +12.7% +15.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 26,000 5,000 5,500 3,900 175.3 100 Feb 9, 2024 J-GAAP
Dec, 2024 Results 25,037 4,961 5,844 4,162 181.3 125 Feb 7, 2025 J-GAAP
Revision Rate -3.7% -0.8% +6.3% +6.7% +3.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 12,131 2,249 2,876 2,024 86.5 0 Aug 2, 2024 J-GAAP
Jan - Jun, 2025 Guidance 12,600 2,600 2,800 2,000 93.1 0 Feb 7, 2025 J-GAAP
YoY +3.9% +15.6% -2.6% -1.2% +7.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 24,449 4,574 5,313 3,693 156.6 100 Feb 9, 2024 J-GAAP
Dec, 2024 25,037 4,961 5,844 4,162 181.3 125 Feb 7, 2025 J-GAAP
Dec, 2025 Guidance 26,000 5,500 6,000 4,250 198.9 125 Feb 7, 2025 J-GAAP
YoY +3.8% +10.9% +2.7% +2.1% +9.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,988 1,047 1,058 686 29.1 17.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,678 978 1,237 867 36.8 17.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,453 1,271 1,639 1,157 49.5 19.7 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 6,351 1,377 1,149 818 35.3 21.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 6,555 1,335 1,819 1,320 57.5 20.4 Feb 7, 2025 J-GAAP
YoY +9.5% +27.5% +71.9% +92.4% +97.7%

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