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Nippon Carbon Co. , Ltd., July-September (3Q) Ordinary Profit Decreases by 8%

Mon Nov 11, 2024 3:30 pm JST Earnings

5302 Nippon Carbon Co. , Ltd. 【J-GAAP】

Earnings Report

Nippon Carbon Co. , Ltd. <5302> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 5.8% from the same period last year, reaching 4.86 billion yen. However, The progress rate against the 7.2 billion yen full-year plan was 67.6%, also falling below the five-year average of 73.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 7.2% from the same period last year to 2.33 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.09 billion yen, a 8.0% decrease compared to the same period last year. However, the operating profit margin rose from 12.9% in the same period last year to 15.6%.

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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
Jan - Sep, 2022 26,683 4,332 4,685 2,951 267.2 92.9 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 26,840 4,298 4,598 2,631 238.3 64.6 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 27,423 4,741 4,865 2,887 261.3 67.6 Nov 11, 2024 J-GAAP
YoY +2.2% +10.3% +5.8% +9.7% +9.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 19,771 3,402 3,702 2,093 189.5 100 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 24,200 3,707 3,425 1,808 163.5 100 Aug 9, 2024 J-GAAP
YoY +22.4% +9.0% -7.5% -13.6% -13.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 35,799 4,791 5,042 3,194 289.2 200 Feb 10, 2023 J-GAAP
Dec, 2023 37,867 6,573 7,115 4,050 366.8 200 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 43,000 7,100 7,200 4,100 370.8 200 Feb 9, 2024 J-GAAP
YoY +13.6% +8.0% +1.2% +1.2% +1.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,744 1,127 1,185 674 61.0 12.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 11,027 2,275 2,517 1,419 128.5 20.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,438 1,621 1,760 969 87.8 19.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 10,362 1,772 2,015 1,323 119.8 17.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,623 1,348 1,090 595 53.9 15.6 Nov 11, 2024 J-GAAP
YoY -1.4% +19.6% -8.0% -11.7% -11.8%

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