Nippon Dry-Chemical, The Current Fiscal Year Ordinary Profit Revised Upward by 12%, Dividend Revised Upward by 10 yen

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Wed Feb 12, 2025 4:00 pm JST Earnings

1909 Nippon Dry-Chemical CO.,LTD. 【J-GAAP】

Earnings Report

Nippon Dry-Chemical CO.,LTD. <1909> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 7.5% from the same period last year, reaching 3.79 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 12.4%, from the previous forecast of 4.45 billion yen to 5 billion yen (compared to 5.18 billion yen in the previous period), and the declining rate is expected to decrease from 14.1% to 3.5%.

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 24.4%, from the previous forecast of 2.25 billion yen to 2.8 billion yen (compared to 2.69 billion yen in the same period of the previous year), turning to a 3.8% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 45 yen to 55 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 52.3% from the same period last year, reaching 1.59 billion yen. The operating profit margin significantly improved from 7.8% in the same period last year to 12.3%.

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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	33,319	2,443	2,613	1,599	230.5	66.2	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	38,604	3,228	3,527	2,066	301.2	68.1	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	37,515	3,905	3,792	2,612	389.8	75.8	Feb 12, 2025	J-GAAP
YoY	-2.8%	+21.0%	+7.5%	+26.4%	+29.4%

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	28,826	2,150	2,250	1,275	190.3	30	Oct 30, 2024	J-GAAP
Oct - Mar, 2024 New	30,326	2,900	2,800	1,775	264.9	40	Feb 12, 2025	J-GAAP
Revision Rate	+5.2%	+34.9%	+24.4%	+39.2%	+39.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	52,500	4,350	4,450	2,800	417.8	45	May 13, 2024	J-GAAP
Mar, 2025 New	54,000	5,100	5,000	3,300	492.5	55	Feb 12, 2025	J-GAAP
Revision Rate	+2.9%	+17.2%	+12.4%	+17.9%	+17.9%

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	31,093	2,629	2,698	1,874	274.5	35	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	30,326	2,900	2,800	1,775	264.9	40	Feb 12, 2025	J-GAAP
YoY	-2.5%	+10.3%	+3.8%	-5.3%	-3.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	50,224	3,858	3,950	2,539	366.5	38	May 11, 2023	J-GAAP
Mar, 2024	55,878	4,775	5,180	3,287	481.5	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	54,000	5,100	5,000	3,300	492.5	55	Feb 12, 2025	J-GAAP
YoY	-3.4%	+6.8%	-3.5%	+0.4%	+2.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	13,819	1,082	1,045	653	95.2	7.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	17,274	1,547	1,653	1,221	178.9	9.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	10,802	885	1,071	733	109.5	8.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	12,872	1,315	1,129	792	118.2	10.2	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	13,841	1,705	1,592	1,087	162.2	12.3	Feb 12, 2025	J-GAAP
YoY	+0.2%	+57.6%	+52.3%	+66.5%	+70.4%