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New Japan Chemical, The Current Fiscal Year Ordinary Profit Revised Upward by 13%

Thu Feb 13, 2025 3:40 pm JST Earnings

4406 New Japan Chemical Co., Ltd. 【J-GAAP】

Earnings Report

New Japan Chemical Co., Ltd. <4406> [TSE Std] announced its financial results after the market closed on February 13th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.7 times that of the same period last year, reaching 825 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward 12.5%, from the previous forecast of 800 million yen to 900 million yen (compared to 780 million yen in the previous period), increasing the growth rate from 2.6% to 15.4%.

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) has been revised upward 23.5%, from the previous forecast of 425 million yen to 525 million yen (compared to 685 million yen in the same period of the previous year), and the declining rate is expected to decrease from 38.0% to 23.4%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 450 million yen. The operating profit margin significantly improved from 0.3% in the same period last year to 4.5%.

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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 25,382 -226 261 -235 -6.3 248.6 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 24,080 -95 304 -83 -2.2 39.0 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 24,693 670 825 683 18.3 91.7 Feb 13, 2025 J-GAAP
YoY +2.5% － +171.4% － －

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 16,890 213 425 308 8.3 3 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 16,890 463 525 408 11.0 3 Feb 13, 2025 J-GAAP
Revision Rate 0.0% +117.4% +23.5% +32.5% +32.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 33,000 500 800 600 16.1 3 May 10, 2024 J-GAAP
Mar, 2025 New 33,000 750 900 700 18.8 3 Feb 13, 2025 J-GAAP
Revision Rate 0.0% +50.0% +12.5% +16.7% +16.7%

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 17,203 483 685 334 9.0 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,890 463 525 408 11.0 3 Feb 13, 2025 J-GAAP
YoY -1.8% -4.1% -23.4% +22.2% +21.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 33,105 -439 105 -444 -11.9 0 May 11, 2023 J-GAAP
Mar, 2024 32,863 361 780 220 5.9 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 33,000 750 900 700 18.8 3 Feb 13, 2025 J-GAAP
YoY +0.4% +107.8% +15.4% +218.2% +217.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,420 27 209 31 0.8 0.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,783 456 476 303 8.2 5.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 8,194 203 281 236 6.4 2.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,916 84 94 56 1.5 1.1 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 8,583 383 450 391 10.5 4.5 Feb 13, 2025 J-GAAP
YoY +1.9% +1,318.5% +115.3% +1,161.3% +1,148.8%

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