Nissan Chemical, The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Highest in Two Terms

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Fri Feb 7, 2025 3:30 pm JST Earnings

4021 Nissan Chemical Corporation 【J-GAAP】

Earnings Report

Nissan Chemical Corporation <4021> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 23.6% from the same period last year, reaching 43.3 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 5.1%, from the previous forecast of 53.2 billion yen to 55.9 billion yen (compared to 51.6 billion yen in the previous period), increasing the growth rate from 3.0% to 8.3%, reaches new record high for the first time in two terms.

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) is expected to increase 10.7%, from the previous forecast of 25.2 billion yen to 27.9 billion yen (compared to 25.4 billion yen in the same period of the previous year), turning to a 9.9% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 73.8% from the same period last year, reaching 15.3 billion yen. The operating profit margin rose from 18.8% in the same period last year to 22.5%.

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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	159,234	38,811	41,341	30,760	218.0	74.1	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	155,334	33,436	35,049	25,972	186.0	67.9	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	174,832	41,080	43,326	31,708	230.3	77.5	Feb 7, 2025	J-GAAP
YoY	+12.6%	+22.9%	+23.6%	+22.1%	+23.8%

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	126,815	24,656	25,255	18,878	138.2	94	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	129,415	26,656	27,955	20,378	149.2	94	Feb 7, 2025	J-GAAP
Revision Rate	+2.1%	+8.1%	+10.7%	+7.9%	+7.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	245,000	53,000	53,200	39,400	288.4	164	Nov 11, 2024	J-GAAP
Mar, 2025 New	247,600	55,000	55,900	40,900	299.4	164	Feb 7, 2025	J-GAAP
Revision Rate	+1.1%	+3.8%	+5.1%	+3.8%	+3.8%

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	121,030	24,107	25,432	18,536	133.0	94	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	129,415	26,656	27,955	20,378	149.2	94	Feb 7, 2025	J-GAAP
YoY	+6.9%	+10.6%	+9.9%	+9.9%	+12.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	228,065	52,283	55,793	41,087	291.4	164	May 15, 2023	J-GAAP
Mar, 2024	226,705	48,201	51,629	38,033	272.8	164	May 13, 2024	J-GAAP
Mar, 2025 Guidance	247,600	55,000	55,900	40,900	299.4	164	Feb 7, 2025	J-GAAP
YoY	+9.2%	+14.1%	+8.3%	+7.5%	+9.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	49,659	9,342	8,852	6,475	46.4	18.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	71,371	14,765	16,580	12,061	86.5	20.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	58,688	14,426	16,029	11,590	83.8	24.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	59,497	13,918	11,916	8,932	64.8	23.4	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	56,647	12,736	15,381	11,186	81.2	22.5	Feb 7, 2025	J-GAAP
YoY	+14.1%	+36.3%	+73.8%	+72.8%	+75.2%