NOF, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 5%, Oct-Dec Ordinary Profit Increases by 4%

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Wed Feb 12, 2025 2:00 pm JST Earnings

4403 NOF CORPORATION 【J-GAAP】

Earnings Report

NOF CORPORATION <4403> [TSE Prime] announced its financial results in the afternoon session on February 12th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 5.2% from the same period last year, reaching 37.6 billion yen. The progress rate toward the full-year plan of 43.8 billion yen was 85.9%, also surpassing the five-year average of 74.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 37.1% from the same period last year to 6.19 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 4.1% from the same period last year, reaching 14 billion yen. However, the operating profit margin decreased from 22.7% in the same period last year to 20.5%.

Kabutan News

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	157,813	30,261	32,517	25,851	105.6	75.3	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	160,099	33,262	35,733	26,011	107.9	78.4	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	171,170	35,759	37,606	27,627	116.1	85.9	Feb 12, 2025	J-GAAP
YoY	+6.9%	+7.5%	+5.2%	+6.2%	+7.7%

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	120,448	22,091	23,303	17,660	73.4	19.33	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	128,522	19,679	20,208	17,884	76.6	21	Nov 7, 2024	J-GAAP
YoY	+6.7%	-10.9%	-13.3%	+1.3%	+4.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	217,709	40,624	43,183	33,973	139.0	36	May 11, 2023	J-GAAP
Mar, 2024	222,252	42,142	45,577	33,990	141.2	38	May 9, 2024	J-GAAP
Mar, 2025 Guidance	239,000	43,000	43,800	34,900	149.4	42	Nov 7, 2024	J-GAAP
YoY	+7.5%	+2.0%	-3.9%	+2.7%	+5.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	58,295	13,211	13,459	9,681	40.1	22.7	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	62,153	8,880	9,844	7,979	33.1	14.3	May 9, 2024	J-GAAP
Apr - Jun, 2024	55,110	13,533	15,160	11,047	46.3	24.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	55,368	9,788	8,432	5,969	25.0	17.7	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	60,692	12,438	14,014	10,611	44.6	20.5	Feb 12, 2025	J-GAAP
YoY	+4.1%	-5.9%	+4.1%	+9.6%	+11.1%