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Nippon Pigment, The Current Fiscal Year Ordinary Profit Revised Downward by 42%

Fri Feb 14, 2025 1:00 pm JST Earnings

4119 Nippon Pigment Holdings Company Limited 【J-GAAP】

Earnings Report

Nippon Pigment Holdings Company Limited <4119> [TSE Std] announced its financial results in the afternoon session on February 14th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 32.4% from the same period last year to 248 million yen.

In addition, the full-year consolidated ordinary profit has decreased 41.7%, from the previous forecast of 600 million yen to 350 million yen (compared to 648 million yen in the previous period), leading to an increase in the profit decline rate from 7.4% to 46.0%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 58.5%, from the previous forecast of 427 million yen to 177 million yen (compared to 532 million yen in the same period of the previous year), leading to an increase in the profit decline rate from 19.7% to 66.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 75 million yen, a 70.1% decrease compared to the same period last year. The operating profit margin worsened from 2.8% in the same period last year to 0.5%.

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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 21,057 60 207 530 337.9 323.4 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 20,845 191 367 175 112.1 56.6 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 27,191 98 248 6,839 4,357.2 70.9 Feb 14, 2025 J-GAAP
YoY +30.4% -48.7% -32.4% +3,808.0% +3,787.2%

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 25,186 407 427 353 224.9 100 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 21,386 157 177 103 65.6 100 Feb 14, 2025 J-GAAP
Revision Rate -15.1% -61.4% -58.5% -70.8% -70.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 42,000 450 600 7,000 4,459.8 100 Aug 9, 2024 J-GAAP
Mar, 2025 New 38,200 200 350 6,750 4,300.5 100 Feb 14, 2025 J-GAAP
Revision Rate -9.0% -55.6% -41.7% -3.6% -3.6%

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 13,079 435 532 724 461.7 100 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,386 157 177 103 65.6 100 Feb 14, 2025 J-GAAP
YoY +63.5% -63.9% -66.7% -85.8% -85.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 27,463 -59 64 -519 -331.2 100 May 12, 2023 J-GAAP
Mar, 2024 26,683 425 648 740 471.9 100 May 10, 2024 J-GAAP
Mar, 2025 Guidance 38,200 200 350 6,750 4,300.5 100 Feb 14, 2025 J-GAAP
YoY +43.2% -52.9% -46.0% +812.2% +811.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 7,241 201 251 159 101.8 2.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,838 234 281 565 360.3 4.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,867 79 147 6,506 4,145.5 1.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,947 -36 26 141 89.8 -0.4 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 10,377 55 75 192 122.3 0.5 Feb 14, 2025 J-GAAP
YoY +43.3% -72.6% -70.1% +20.8% +20.1%

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