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NAKANIPPON CASTING CO.,LTD, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Wed Nov 13, 2024 2:00 pm JST Earnings

6439 NAKANIPPON CASTING CO.,LTD 【J-GAAP】

Earnings Report

NAKANIPPON CASTING CO.,LTD <6439> [NSE-M] announced its financial results in the afternoon session on November 13th (14:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 71 million yen (compared to a profit of 252 million yen in the same period last year), reversing from the forecast of a 25 million yen to a loss.

In addition, the full-year ordinary profit/loss has been revised downward from an expected profit of 110 million yen to a loss of 245 million yen (compared to a profit of 254 million yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 174 million yen (compared to a profit of 2 million yen in the same period last year).

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 123 million yen (compared to a profit of 181 million yen in the same period last year). The operating profit/loss margin drastically worsened from 10.7% in the same period last year to -10.1%.

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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 2,508 -152 -95 -59 -26.4 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 2,958 212 252 199 88.3 99.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 2,592 -75 -71 -72 -32.2 ー Nov 13, 2024 J-GAAP
YoY -12.4% － － － －

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 2,700 18 25 23 10.2 － May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 2,592 -75 -71 -72 -32.2 － Nov 13, 2024 J-GAAP
Revision Rate -4.0% － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 5,600 50 110 79 35.5 － May 13, 2024 J-GAAP
Mar, 2025 New 4,800 -300 -245 -245 -110.2 － Nov 13, 2024 J-GAAP
Revision Rate -14.3% － － － －

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 2,854 -15 2 44 19.5 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,208 -225 -174 -173 -77.8 － Nov 13, 2024 J-GAAP
YoY -22.6% -1,400.0% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,367 -56 45 -483 -213.7 0 May 12, 2023 J-GAAP
Mar, 2024 5,812 197 254 243 107.7 15 May 13, 2024 J-GAAP
Mar, 2025 Guidance 4,800 -300 -245 -245 -110.2 － Nov 13, 2024 J-GAAP
YoY -17.4% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,538 165 181 137 60.8 10.7 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,414 -17 -4 6 2.7 -1.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,440 2 6 38 16.8 0.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,419 43 52 30 13.7 3.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,173 -118 -123 -102 -45.7 -10.1 Nov 13, 2024 J-GAAP
YoY -23.7% － － － －

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