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NANKAI PLYWOOD, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 6%, Exceeds Full-Year Plan

Wed Feb 12, 2025 3:30 pm JST Earnings

7887 NANKAI PLYWOOD CO.,LTD 【J-GAAP】

Earnings Report

NANKAI PLYWOOD CO.,LTD <7887> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 6.1% from the same period last year to 1.36 billion yen. However, the progress rate toward the full-year plan of 1.3 billion yen is 104.8%, already exceeding the target and also exceeding the five-year average of 83.5%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.06 billion yen (compared to a profit of 0.39 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 3.6 times that of the same period last year, reaching 1.58 billion yen. The operating profit margin significantly improved from 5.0% in the same period last year to 8.4%.

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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 17,331 975 866 1,773 1,835.0 98.4 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 18,002 717 1,452 694 717.8 78.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 18,620 784 1,363 645 667.3 104.8 Feb 12, 2025 J-GAAP
YoY +3.4% +9.3% -6.1% -7.1% -7.0%

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 12,016 445 837 457 472.5 150 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,278 497 1,517 804 830.7 150 Nov 11, 2024 J-GAAP
YoY +10.5% +11.7% +81.2% +75.9% +75.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,061 906 880 1,590 1,645.6 150 May 15, 2023 J-GAAP
Mar, 2024 23,774 848 1,844 948 980.1 150 May 15, 2024 J-GAAP
Mar, 2025 Guidance 25,000 700 1,300 400 413.3 150 May 15, 2024 J-GAAP
YoY +5.2% -17.5% -29.5% -57.8% -57.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,244 314 445 203 210.0 5.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,772 131 392 254 262.6 2.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 5,715 43 239 53 55.5 0.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,007 160 -456 -457 -472.2 2.7 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 6,898 581 1,580 1,049 1,085.3 8.4 Feb 12, 2025 J-GAAP
YoY +10.5% +85.0% +255.1% +416.7% +416.9%

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