Chubu Steel Plate, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 53%, Exceeds Full-Year Plan

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Tue Feb 4, 2025 3:00 pm JST Earnings

5461 Chubu Steel Plate Co.,Ltd. 【J-GAAP】

Earnings Report

Chubu Steel Plate Co.,Ltd. <5461> [TSE Prime] announced its financial results in the afternoon session on February 4th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 52.7% from the same period last year to 3.53 billion yen. The progress rate toward the full-year plan of 1.7 billion yen is 207.7%, already exceeding the target and also exceeding the five-year average of 74.9%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 1.83 billion yen (compared to a profit of 2.75 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.01 billion yen (compared to a profit of 3.1 billion yen in the same period last year). The operating profit margin sharply declined from 17.6% in the same period last year to 0.2%.

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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	58,066	9,170	9,257	6,375	230.8	75.1	Feb 1, 2023	J-GAAP
Apr - Dec, 2023	50,438	7,549	7,472	5,168	187.2	73.1	Feb 1, 2024	J-GAAP
Apr - Dec, 2024	42,732	3,649	3,531	2,513	92.8	207.7	Feb 4, 2025	J-GAAP
YoY	-15.3%	-51.7%	-52.7%	-51.4%	-50.4%

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	35,076	6,000	5,865	4,089	148.7	61	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,469	-1,829	-1,849	-1,301	-48.0	51	Jan 28, 2025	J-GAAP
YoY	-44.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	76,320	12,261	12,328	8,577	310.5	104	Apr 28, 2023	J-GAAP
Mar, 2024	67,785	10,425	10,228	7,133	259.3	91	May 8, 2024	J-GAAP
Mar, 2025 Guidance	50,000	1,800	1,700	1,200	44.3	101	Jan 28, 2025	J-GAAP
YoY	-26.2%	-82.7%	-83.4%	-83.2%	-82.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	17,729	3,124	3,109	2,124	76.9	17.6	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	17,347	2,876	2,756	1,965	71.4	16.6	May 8, 2024	J-GAAP
Apr - Jun, 2024	17,487	2,800	2,868	2,044	75.5	16.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	13,044	829	681	457	16.9	6.4	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	12,201	20	-18	12	0.4	0.2	Feb 4, 2025	J-GAAP
YoY	-31.2%	-99.4%	－	-99.4%	-99.4%