NIPPON PRIMEX, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 8%, Oct-Dec Ordinary Profit Increases by 2.4 times

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Thu Feb 13, 2025 3:00 pm JST Earnings

2795 NIPPON PRIMEX INC. 【J-GAAP】

Earnings Report

NIPPON PRIMEX INC. <2795> [TSE Std] announced its financial results in the afternoon session on February 13th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 8.3% from the same period last year, reaching 562 million yen. The progress rate toward the full-year plan of 634 million yen was 88.6%, also surpassing the five-year average of 67.6%.

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 significant drop 70.1% from the same period last year to 72 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 327 million yen. However, the operating profit margin worsened from 9.6% in the same period last year to 8.7%.

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	4,582	400	502	308	58.7	79.2	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	5,094	423	519	350	66.6	68.3	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	5,436	450	562	391	74.4	88.6	Feb 13, 2025	J-GAAP
YoY	+6.7%	+6.4%	+8.3%	+11.7%	+11.9%

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	3,726	333	375	240	45.6	25	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,466	295	399	251	47.7	25	Nov 13, 2024	J-GAAP
YoY	-7.0%	-11.4%	+6.4%	+4.6%	+4.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	6,172	522	634	396	75.4	20	May 12, 2023	J-GAAP
Mar, 2024	6,940	576	760	504	95.8	25	May 14, 2024	J-GAAP
Mar, 2025 Guidance	7,100	589	634	419	79.6	25	May 14, 2024	J-GAAP
YoY	+2.3%	+2.3%	-16.6%	-16.9%	-16.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,880	180	134	86	16.4	9.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,846	153	241	154	29.3	8.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,813	138	247	180	34.3	7.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	1,821	156	-12	-12	-2.3	8.6	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	1,802	156	327	223	42.5	8.7	Feb 13, 2025	J-GAAP
YoY	-4.1%	-13.3%	+144.0%	+159.3%	+159.7%