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

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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%