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Nippon Sheet Glass, The Current Fiscal Year Net Income Revised Downward to a Loss

Fri Feb 7, 2025 1:00 pm JST Earnings

5202 Nippon Sheet Glass Company,Limited 【IFRS】

Earnings Report

Nippon Sheet Glass Company,Limited <5202> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 7th (13:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 10 billion yen (compared to a profit of 13.5 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected break even to a loss of 17 billion yen (compared to a profit of 10.6 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 3.86 billion yen to a loss of 13.1 billion yen (compared to a profit of 0.86 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a loss of 6.21 billion yen (compared to a profit of 3.73 billion yen in the same period last year). The operating profit margin worsened from 3.2% in the same period last year to 0.3%.

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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 566,225 24,155 -26,808 -37,160 -425.2 ー Feb 9, 2023 IFRS
Apr - Dec, 2023 612,696 32,093 21,075 13,503 132.3 119.8 Feb 9, 2024 IFRS
Apr - Dec, 2024 629,966 10,806 -6,202 -10,079 -126.7 ー Feb 7, 2025 IFRS
YoY +2.8% -66.3% － － －

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 427,563 15,771 5,846 3,867 0.0 0 Nov 8, 2024 IFRS
Oct - Mar, 2024 New 427,563 5,771 -11,154 -13,133 -159.9 0 Feb 7, 2025 IFRS
Revision Rate 0.0% -63.4% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 850,000 26,000 6,000 0 0.0 0 Nov 8, 2024 IFRS
Mar, 2025 New 850,000 16,000 -11,000 -17,000 -207.0 0 Feb 7, 2025 IFRS
Revision Rate 0.0% -38.5% － － －

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 412,369 9,832 -1,738 862 7.7 0 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 427,563 5,771 -11,154 -13,133 -159.9 0 Feb 7, 2025 IFRS
YoY +3.7% -41.3% -541.8% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 763,521 34,812 -21,933 -33,761 -393.1 0 May 12, 2023 IFRS
Mar, 2024 832,537 35,860 17,597 10,633 95.4 0 May 10, 2024 IFRS
Mar, 2025 Guidance 850,000 16,000 -11,000 -17,000 -207.0 0 Feb 7, 2025 IFRS
YoY +2.1% -55.4% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 192,528 6,065 1,740 3,732 36.6 3.2 Feb 9, 2024 IFRS
Jan - Mar, 2024 219,841 3,767 -3,478 -2,870 -25.8 1.7 May 10, 2024 IFRS
Apr - Jun, 2024 216,423 4,762 43 2,400 21.0 2.2 Aug 8, 2024 IFRS
Jul - Sep, 2024 206,014 5,467 111 -6,267 -86.2 2.7 Nov 8, 2024 IFRS
Oct - Dec, 2024 207,529 577 -6,356 -6,212 -78.1 0.3 Feb 7, 2025 IFRS
YoY +7.8% -90.5% － － －

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