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NICHICON, Oct-Dec (3Q) Ordinary Profit Increases by 47%, Current Fiscal Year Dividend Revised Upward by 1 yen

Thu Feb 6, 2025 3:30 pm JST Earnings

6996 NICHICON CORPORATION 【J-GAAP】

Earnings Report

NICHICON CORPORATION <6996> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 35.8% from the same period last year to 6.27 billion yen. The progress rate toward the full-year plan of 7 billion yen was 89.6%, also surpassing the five-year average of 75.7%.

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 for the January to March period (4Q) is expected to significant drop 55.5% from the same period last year to 0.72 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 34 yen to 35 yen (compared to 33 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 46.6% from the same period last year, reaching 3.16 billion yen. However, the operating profit margin worsened from 4.9% in the same period last year to 4.2%.

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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 137,272 9,700 11,960 6,326 92.5 78.4 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 138,751 7,946 9,770 8,005 117.0 85.6 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 132,745 3,762 6,271 7,157 104.6 89.6 Feb 6, 2025 J-GAAP
YoY -4.3% -52.7% -35.8% -10.6% -10.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 91,493 3,443 3,898 2,039 30.1 17 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 91,493 3,443 3,898 2,039 30.1 18 Feb 6, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 176,000 5,200 7,000 6,100 90.0 34 Nov 6, 2024 J-GAAP
Mar, 2025 New 176,000 5,200 7,000 6,100 90.0 35 Feb 6, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 89,088 3,215 3,799 2,201 32.2 17 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 91,493 3,443 3,898 2,039 30.1 18 Feb 6, 2025 J-GAAP
YoY +2.7% +7.1% +2.6% -7.4% -6.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 184,725 12,676 15,263 7,814 114.2 30 May 9, 2023 J-GAAP
Mar, 2024 181,643 8,904 11,407 8,253 120.6 33 May 9, 2024 J-GAAP
Mar, 2025 Guidance 176,000 5,200 7,000 6,100 90.0 35 Feb 6, 2025 J-GAAP
YoY -3.1% -41.6% -38.6% -26.1% -25.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 46,196 2,257 2,162 1,953 28.6 4.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 42,892 958 1,637 248 3.6 2.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 41,150 151 1,443 1,728 25.3 0.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 43,357 1,606 1,659 2,333 34.1 3.7 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 48,238 2,005 3,169 3,096 45.3 4.2 Feb 6, 2025 J-GAAP
YoY +4.4% -11.2% +46.6% +58.5% +58.5%

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