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

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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%.

Kabutan News

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	197.8	125	Feb 7, 2025	J-GAAP
YoY	+3.8%	+10.9%	+2.7%	+2.1%	+9.1%

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%