NIPPON CONCRETE INDUSTRIES, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 24% Decrease

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Fri Feb 14, 2025 2:00 pm JST Earnings

5269 NIPPON CONCRETE INDUSTRIES CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON CONCRETE INDUSTRIES CO.,LTD. <5269> [TSE Prime] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 26.3% from the same period last year to 1.57 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 39.3%, from the previous forecast of 2.8 billion yen to 1.7 billion yen (compared to 2.24 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 24.2% decrease in profit.

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 70.7%, from the previous forecast of 1.55 billion yen to 0.45 billion yen (compared to 0.71 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 36.2% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.33 billion yen, a 45.5% decrease compared to the same period last year. The operating profit margin worsened from 4.1% in the same period last year to 1.6%.

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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	38,093	230	522	-71	-1.3	538.1	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	40,306	1,844	2,142	938	17.3	95.5	Mar 14, 2024	J-GAAP
Apr - Dec, 2024	39,319	1,117	1,579	509	9.4	92.9	Feb 14, 2025	J-GAAP
YoY	-2.4%	-39.4%	-26.3%	-45.7%	-45.7%

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	31,403	1,508	1,555	1,119	20.6	6.50	Nov 14, 2024	J-GAAP
Oct - Mar, 2024 New	26,403	308	455	69	1.3	6.50	Feb 14, 2025	J-GAAP
Revision Rate	-15.9%	-79.6%	-70.7%	-93.8%	-93.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	57,000	2,400	2,800	1,600	29.5	13	May 15, 2024	J-GAAP
Mar, 2025 New	52,000	1,200	1,700	550	10.1	13	Feb 14, 2025	J-GAAP
Revision Rate	-8.8%	-50.0%	-39.3%	-65.6%	-65.6%

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	27,217	534	713	-194	-3.6	6.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,403	308	455	69	1.3	6.50	Feb 14, 2025	J-GAAP
YoY	-3.0%	-42.3%	-36.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	52,986	-228	97	-439	-8.1	0	May 19, 2023	J-GAAP
Mar, 2024	53,650	1,807	2,242	614	11.3	13	May 15, 2024	J-GAAP
Mar, 2025 Guidance	52,000	1,200	1,700	550	10.1	13	Feb 14, 2025	J-GAAP
YoY	-3.1%	-33.6%	-24.2%	-10.4%	-10.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	13,873	571	613	130	2.4	4.1	Mar 14, 2024	J-GAAP
Jan - Mar, 2024	13,344	-37	100	-324	-6.0	-0.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	12,958	388	681	315	5.8	3.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	12,639	504	564	166	3.1	4.0	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	13,722	225	334	28	0.5	1.6	Feb 14, 2025	J-GAAP
YoY	-1.1%	-60.6%	-45.5%	-78.5%	-78.2%