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Nippon Light Metal, First Half Ordinary Profit Increases by 34%
5703 Nippon Light Metal Holdings Company, Ltd. 【J-GAAP】
Earnings ReportNippon Light Metal Holdings Company, Ltd. <5703> [TSE Prime] announced its financial results in the afternoon session on October 31st (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 9.74 billion yen, an increase 33.8% compared to the same period last year, exceeded the previous forecast of 8.00 billion yen.
Progress toward the full-year plan of 21.0 billion yen was 46.4%, almost the same as the five-year average of 44.9%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 9.9% from the same period last year to 11.2 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.0 times that of the same period last year, reaching 5.47 billion yen. The operating profit margin improved from 3.3% in the same period last year to 4.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 250,452 | 5,681 | 6,689 | 2,144 | 34.6 | 35.1 | Oct 31, 2023 | J-GAAP |
| Apr - Sep, 2024 | 261,140 | 8,534 | 7,282 | 4,806 | 77.6 | 36.8 | Oct 31, 2024 | J-GAAP |
| Apr - Sep, 2025 | 278,673 | 11,649 | 9,741 | 5,471 | 88.9 | 46.4 | Oct 31, 2025 | J-GAAP |
| YoY | +6.7% | +36.5% | +33.8% | +13.8% | +14.6% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 280,000 | 9,000 | 8,000 | 5,000 | 81.3 | 25 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 278,673 | 11,649 | 9,741 | 5,471 | 88.9 | 25 | Oct 31, 2025 | J-GAAP |
| Revision Rate | -0.5% | +29.4% | +21.8% | +9.4% | +9.4% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 289,040 | 13,210 | 12,503 | 7,569 | 122.3 | 50 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 311,327 | 11,351 | 11,259 | 9,529 | 154.7 | 55 | Oct 31, 2025 | J-GAAP |
| YoY | +7.7% | -14.1% | -9.9% | +25.9% | +26.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 523,715 | 18,189 | 19,033 | 9,939 | 160.5 | 50 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 550,180 | 21,744 | 19,785 | 12,375 | 200.0 | 70 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 590,000 | 23,000 | 21,000 | 15,000 | 243.5 | 80 | May 15, 2025 | J-GAAP |
| YoY | +7.2% | +5.8% | +6.1% | +21.2% | +21.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 132,518 | 4,357 | 2,725 | 2,659 | 42.9 | 3.3 | Oct 31, 2024 | J-GAAP |
| Oct - Dec, 2024 | 142,816 | 6,939 | 7,588 | 4,700 | 75.9 | 4.9 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 146,224 | 6,271 | 4,915 | 2,869 | 46.4 | 4.3 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 137,093 | 5,213 | 4,263 | 2,123 | 34.5 | 3.8 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 141,580 | 6,436 | 5,478 | 3,348 | 54.4 | 4.5 | Oct 31, 2025 | J-GAAP |
| YoY | +6.8% | +47.7% | +101.0% | +25.9% | +26.7% |
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