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Nippon Dry-Chemical CO.,LTD., First Half Ordinary Profit Decreases by 11%

Mon Nov 11, 2024 4:00 pm JST Earnings

1909 Nippon Dry-Chemical CO.,LTD. 【J-GAAP】

Earnings Report

Nippon Dry-Chemical CO.,LTD. <1909> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 11.4% from the same period last year to 2.2 billion yen. The progress rate against the 4.45 billion yen full-year plan was 49.4%, which was higher than the five-year average of 33.1%.

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 by 16.6% from the same period last year to 2.25 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.12 billion yen, a 26.4% decrease compared to the same period last year. The operating profit margin decreased from 11.5% in the same period last year to 10.2%.

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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
Apr - Sep, 2022 21,084 1,215 1,296 820 118.0 32.8 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 24,785 2,146 2,482 1,413 205.1 47.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 23,674 2,200 2,200 1,525 227.7 49.4 Nov 11, 2024 J-GAAP
YoY -4.5% +2.5% -11.4% +7.9% +11.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 23,674 2,200 2,200 1,525 227.6 15 Oct 30, 2024 J-GAAP
Apr - Sep, 2024 Results 23,674 2,200 2,200 1,525 227.7 15 Nov 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.0%

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 31,093 2,629 2,698 1,874 274.5 35 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,826 2,150 2,250 1,275 190.3 30 Oct 30, 2024 J-GAAP
YoY -7.3% -18.2% -16.6% -32.0% -30.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 50,224 3,858 3,950 2,539 366.5 38 May 11, 2023 J-GAAP
Mar, 2024 55,878 4,775 5,180 3,287 481.5 50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 52,500 4,350 4,450 2,800 417.8 45 May 13, 2024 J-GAAP
YoY -6.0% -8.9% -14.1% -14.8% -13.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,132 1,506 1,533 950 137.9 11.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 13,819 1,082 1,045 653 95.2 7.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 17,274 1,547 1,653 1,221 178.9 9.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 10,802 885 1,071 733 109.5 8.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 12,872 1,315 1,129 792 118.2 10.2 Nov 11, 2024 J-GAAP
YoY -2.0% -12.7% -26.4% -16.6% -14.3%

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