kabutan

NIPPON FELT CO.,LTD., First Half Ordinary Profit Increases by 6%

Thu Oct 31, 2024 2:00 pm JST Earnings

3512 NIPPON FELT CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON FELT CO.,LTD. <3512> [TSE-S] 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 2025 (April to September) increased by 6.3% from the same period last year, reaching 407 million yen. However, The progress rate against the 900 million yen full-year plan was 45.2%, also falling below the five-year average of 51.9%.

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 expand by 76.1% from the same period last year, reaching 493 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 26.6% from the same period last year, reaching 162 million yen. The operating profit margin improved from 4.6% in the same period last year to 6.5%.

Kabutan News

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 5,155 421 556 385 20.5 52.7 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 4,949 284 383 272 14.6 57.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 4,882 268 407 273 15.0 45.2 Oct 31, 2024 J-GAAP
YoY -1.4% -5.6% +6.3% +0.4% +3.2%

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 ー ー ー ー － 10 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 4,882 268 407 273 15.0 10 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 5,133 184 280 215 11.7 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,618 432 493 427 24.1 10 Oct 31, 2024 J-GAAP
YoY +9.4% +134.8% +76.1% +98.6% +106.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,399 824 1,055 750 39.9 13 May 15, 2023 J-GAAP
Mar, 2024 10,082 468 663 487 26.4 16 May 15, 2024 J-GAAP
Mar, 2025 Guidance 10,500 700 900 700 39.5 20 May 15, 2024 J-GAAP
YoY +4.1% +49.6% +35.7% +43.7% +49.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,571 119 128 97 5.2 4.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 2,563 136 237 161 8.7 5.3 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 2,570 48 43 54 2.9 1.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,426 108 245 156 8.6 4.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 2,456 160 162 117 6.4 6.5 Oct 31, 2024 J-GAAP
YoY -4.5% +34.5% +26.6% +20.6% +24.1%

Related Articles