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NIPPON CARBIDE, The Current Fiscal Year Ordinary Profit Revised Upward by 35%

Fri Feb 7, 2025 4:00 pm JST Earnings

4064 NIPPON CARBIDE INDUSTRIES CO.,INC. 【J-GAAP】

Earnings Report

NIPPON CARBIDE INDUSTRIES CO.,INC. <4064> [TSE Prime] announced its financial results after the market closed on February 7th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.3 times that of the same period last year, reaching 2.87 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 34.6%, from the previous forecast of 2.6 billion yen to 3.5 billion yen (compared to 1.57 billion yen in the previous period), increasing the growth rate from 65.3% to 2.2 times.

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 73.8%, from the previous forecast of 1.21 billion yen to 2.11 billion yen (compared to 0.54 billion yen in the same period of the previous year), increasing the growth rate from 2.2 times to 3.9 times.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 6.7 times that of the same period last year, reaching 1.49 billion yen. The operating profit margin drastically improved from 2.4% in the same period last year to 9.9%.

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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 34,334 1,362 1,976 1,410 150.1 103.9 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 32,798 756 1,251 889 94.6 79.5 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 35,854 2,498 2,871 2,075 222.9 82.0 Feb 7, 2025 J-GAAP
YoY +9.3% +230.4% +129.5% +133.4% +135.7%

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 26,630 1,037 1,219 553 59.4 40 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 26,630 1,937 2,119 1,153 123.8 40 Feb 7, 2025 J-GAAP
Revision Rate 0.0% +86.8% +73.8% +108.5% +108.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 50,000 2,300 2,600 1,400 150.3 80 Nov 8, 2024 J-GAAP
Mar, 2025 New 50,000 3,200 3,500 2,000 214.7 80 Feb 7, 2025 J-GAAP
Revision Rate 0.0% +39.1% +34.6% +42.9% +42.9%

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 21,898 369 546 212 22.6 50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,630 1,937 2,119 1,153 123.8 40 Feb 7, 2025 J-GAAP
YoY +21.6% +424.9% +288.1% +443.9% +448.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,008 1,261 1,902 332 35.4 65 May 12, 2023 J-GAAP
Mar, 2024 43,231 849 1,573 999 106.4 80 May 13, 2024 J-GAAP
Mar, 2025 Guidance 50,000 3,200 3,500 2,000 214.7 80 Feb 7, 2025 J-GAAP
YoY +15.7% +276.9% +122.5% +100.2% +101.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 11,465 276 224 102 10.9 2.4 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 10,433 93 322 110 11.7 0.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,239 625 945 660 71.0 5.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 12,131 638 436 187 20.1 5.3 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 12,484 1,235 1,490 1,228 131.9 9.9 Feb 7, 2025 J-GAAP
YoY +8.9% +347.5% +565.2% +1,103.9% +1,115.9%

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