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Nippon Denko Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 2.1 times, July-September Ordinary Profit Increases by 18 times

Wed Nov 6, 2024 1:00 pm JST Earnings

5563 Nippon Denko Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Denko Co., Ltd. <5563> [TSE-P] announced its financial results in the afternoon session on November 6th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 2.1 times that of the same period last year, reaching 2.43 billion yen. However, The progress rate against the 5 billion yen full-year plan was 48.7%, also falling below the five-year average of 74.2%.

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 expand by 94.0% from the same period last year, reaching 2.56 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 18 times that of the same period last year, reaching 1.28 billion yen. The operating profit margin significantly improved from 4.0% in the same period last year to 7.2%.

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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
Jan - Sep, 2022 58,959 7,392 9,262 7,450 50.7 89.3 Nov 8, 2022 J-GAAP
Jan - Sep, 2023 58,762 2,648 1,144 743 5.4 47.3 Nov 7, 2023 J-GAAP
Jan - Sep, 2024 56,476 3,658 2,437 1,539 11.2 48.7 Nov 6, 2024 J-GAAP
YoY -3.9% +38.1% +113.0% +107.1% +107.6%

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 38,073 2,787 1,349 3,559 25.9 6 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 43,305 ー 3,848 2,866 20.9 6 Aug 7, 2024 J-GAAP
YoY +13.7% － +185.2% -19.5% -19.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 79,341 8,815 10,367 7,949 54.5 17 Feb 8, 2023 J-GAAP
Dec, 2023 78,390 4,696 2,420 4,330 31.5 9 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 79,800 ー 5,000 3,400 24.8 10 Aug 7, 2024 J-GAAP
YoY +1.8% － +106.6% -21.5% -21.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,445 739 73 -28 -0.2 4.0 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 19,628 2,048 1,276 3,587 26.1 10.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 17,708 827 18 -317 -2.3 4.7 May 9, 2024 J-GAAP
Apr - Jun, 2024 18,787 1,386 1,134 851 6.2 7.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 19,981 1,445 1,285 1,005 7.3 7.2 Nov 6, 2024 J-GAAP
YoY +8.3% +95.5% +1,660.3% － －

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