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Chuetsu Pulp & Paper, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 21%

Wed Feb 12, 2025 3:30 pm JST Earnings

3877 Chuetsu Pulp & Paper Co.,Ltd. 【J-GAAP】

Earnings Report

Chuetsu Pulp & Paper Co.,Ltd. <3877> [TSE Prime] 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 20.9% from the same period last year to 3.77 billion yen. The progress rate toward the full-year plan of 5.1 billion yen was 74.0%, which was higher than the five-year average of 63.9%.

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 35.4% from the same period last year to 1.32 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.77 billion yen, a 20.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.1% in the same period last year to 0.7%.

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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 76,950 731 1,450 996 74.7 42.7 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 79,899 4,426 4,772 3,178 245.5 70.0 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 83,156 3,324 3,776 2,565 198.1 74.0 Feb 12, 2025 J-GAAP
YoY +4.1% -24.9% -20.9% -19.3% -19.3%

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 55,333 2,868 3,026 1,132 87.4 30 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 56,428 1,874 2,103 1,356 108.1 35 Nov 12, 2024 J-GAAP
YoY +2.0% -34.7% -30.5% +19.8% +23.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 105,668 2,594 3,397 3,050 229.1 50 May 15, 2023 J-GAAP
Mar, 2024 107,826 6,172 6,820 3,701 285.9 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 112,000 5,000 5,100 3,400 270.9 70 Nov 12, 2024 J-GAAP
YoY +3.9% -19.0% -25.2% -8.1% -5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 27,406 1,122 978 609 47.0 4.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 27,927 1,746 2,048 523 40.4 6.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 26,404 446 882 515 39.8 1.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 29,168 2,680 2,115 1,529 118.1 9.2 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 27,584 198 779 521 40.2 0.7 Feb 12, 2025 J-GAAP
YoY +0.6% -82.4% -20.3% -14.4% -14.5%

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