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Nippon Crucible co.,Ltd., July-September (2Q) Ordinary Profit Decreases by 20%

Thu Nov 7, 2024 12:00 pm JST Earnings

5355 Nippon Crucible co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Crucible co.,Ltd. <5355> [TSE-S] announced its financial results at noon (12:00) on November 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 248 million yen, an increase of 89.3% compared to the same period last year. However, The progress rate against the 600 million yen full-year plan was 41.3%, also falling below the five-year average of 48.7%.

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 65.3% from the same period last year, reaching 352 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 96 million yen, a 20.0% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 3.8%.

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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 4,285 83 106 41 6.1 72.1 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 4,811 130 128 105 15.9 39.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 4,855 217 228 137 20.7 38.0 Nov 7, 2024 J-GAAP
YoY +0.9% +66.9% +78.1% +30.5% +30.3%

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 － 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 4,855 217 228 137 20.7 0 Nov 7, 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 4,799 177 195 165 24.9 12 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,145 333 372 263 39.7 18 Nov 7, 2024 J-GAAP
YoY +7.2% +88.1% +90.8% +59.4% +59.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,841 128 147 -14 -2.2 9 May 11, 2023 J-GAAP
Mar, 2024 9,610 307 323 270 40.8 12 May 9, 2024 J-GAAP
Mar, 2025 Guidance 10,000 550 600 400 60.4 18 May 9, 2024 J-GAAP
YoY +4.1% +79.2% +85.8% +48.1% +48.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,396 117 118 72 10.9 4.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,461 57 73 44 6.6 2.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,338 120 122 121 18.3 5.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 2,392 134 143 86 13.1 5.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,463 83 85 51 7.7 3.4 Nov 7, 2024 J-GAAP
YoY +2.8% -29.1% -28.0% -29.2% -29.3%

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