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NIPPON CERAMIC, Net Income Forecast for the Fiscal Year Revised Upward by 47%, Highest in Three Terms

Fri Aug 1, 2025 3:10 pm JST Earnings

6929 NIPPON CERAMIC CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON CERAMIC CO.,LTD. <6929> [TSE Prime] announced its financial results in the afternoon session on August 1st (15:10). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) surged 2.1 times that of the same period last year, reaching 4.19 billion yen, resulting in an increase in profits compared to the previous forecast of a 1.2% decrease.

In addition, the full-year forecast for consolidated net income has been revised upward 47.1%, from the previous forecast of 4.25 billion yen to 6.25 billion yen (compared to 4.16 billion yen in the previous period), increasing the growth rate from 2.1% to 50.2%, reaches new record high for the first time in three terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to decrease 3.7% from the same period last year to 2.05 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income surged 2.7 times that of the same period last year, reaching 3.11 billion yen. The operating profit margin rose from 19.7% in the same period last year to 23.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 11,889 2,225 2,752 1,961 83.1 51.8 Aug 4, 2023 J-GAAP
Jan - Jun, 2024 12,131 2,249 2,876 2,024 86.5 49.2 Aug 2, 2024 J-GAAP
Jan - Jun, 2025 13,677 3,151 3,120 4,192 193.0 50.5 Aug 1, 2025 J-GAAP
YoY +12.7% +40.1% +8.5% +107.1% +123.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 12,600 2,600 2,800 2,000 93.1 0 Feb 7, 2025 J-GAAP
Jan - Jun, 2025 Results 13,677 3,151 3,120 4,192 193.0 － Aug 1, 2025 J-GAAP
Revision Rate +8.5% +21.2% +11.4% +109.6% +107.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 26,000 5,500 6,000 4,250 198.9 125 Feb 7, 2025 J-GAAP
Dec, 2025 New 27,000 6,000 6,180 6,250 292.4 125 Aug 1, 2025 J-GAAP
Revision Rate +3.8% +9.1% +3.0% +47.1% +47.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 12,906 2,712 2,968 2,138 93.1 125 Feb 7, 2025 J-GAAP
Jul - Dec, 2025 Guidance 13,323 2,849 3,060 2,058 96.3 125 Aug 1, 2025 J-GAAP
YoY +3.2% +5.1% +3.1% -3.7% +3.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 24,449 4,574 5,313 3,693 156.6 100 Feb 9, 2024 J-GAAP
Dec, 2024 25,037 4,961 5,844 4,162 181.3 125 Feb 7, 2025 J-GAAP
Dec, 2025 Guidance 27,000 6,000 6,180 6,250 292.4 125 Aug 1, 2025 J-GAAP
YoY +7.8% +20.9% +5.7% +50.2% +61.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 6,453 1,271 1,639 1,157 49.5 19.7 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 6,351 1,377 1,149 818 35.3 21.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 6,555 1,335 1,819 1,320 57.5 20.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 6,639 1,510 1,466 1,079 49.3 22.7 May 9, 2025 J-GAAP
Apr - Jun, 2025 7,038 1,641 1,654 3,113 143.4 23.3 Aug 1, 2025 J-GAAP
YoY +9.1% +29.1% +0.9% +169.1% +189.8%

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