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NIHON KOGYO, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 59%, Oct-Dec Ordinary Profit Increases by 3.4 times

Fri Jan 24, 2025 4:30 pm JST Earnings

5279 NIHON KOGYO CO., LTD. 【J-GAAP】

Earnings Report

NIHON KOGYO CO., LTD. <5279> [TSE Std] announced its financial results after the market closed on January 24th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 296 million yen, an increase 59.1% compared to the same period last year. The progress rate toward the full-year plan of 470 million yen was 63.0%, exceeding the five-year average of 53.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 37.4% from the same period last year to 174 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 3.4 times that of the same period last year, reaching 356 million yen. The operating profit margin drastically improved from 2.6% in the same period last year to 8.3%.

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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 7,854 165 198 124 43.2 61.3 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 9,281 145 186 91 31.7 40.1 Jan 26, 2024 J-GAAP
Apr - Dec, 2024 9,860 258 296 177 61.1 63.0 Jan 24, 2025 J-GAAP
YoY +6.2% +77.9% +59.1% +94.5% +92.7%

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 7,753 358 383 263 90.9 30 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,030 519 530 363 125.0 30 Oct 28, 2024 J-GAAP
YoY +3.6% +45.0% +38.4% +38.0% +37.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,336 280 323 198 68.6 25 Apr 28, 2023 J-GAAP
Mar, 2024 13,673 414 464 295 101.9 30 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 13,700 430 470 300 103.3 30 Apr 30, 2024 J-GAAP
YoY +0.2% +3.9% +1.3% +1.7% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,361 89 105 59 20.6 2.6 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 4,392 269 278 204 70.5 6.1 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 2,801 -61 -37 -48 -16.6 -2.2 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 2,869 -28 -23 -15 -5.2 -1.0 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 4,190 347 356 240 82.9 8.3 Jan 24, 2025 J-GAAP
YoY +24.7% +289.9% +239.0% +306.8% +303.0%

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