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Nippon Tungsten Co.,Ltd., First Half Ordinary Profit Revised Upward to an Unexpected 9% Increase

Thu Sep 26, 2024 4:00 pm JST Revision

6998 Nippon Tungsten Co.,Ltd. 【J-GAAP】

Guidance Update Report

Nippon Tungsten Co.,Ltd. <6998> [TSE-S] announced a performance revision after the market closed on September 26th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 61.3%, from the previous forecast of 310 million yen to 500 million yen (compared to 457 million yen in the same period of the previous year), turning to a 9.4% increase in the consolidated ordinary profit outlook.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 800 million yen(compared to 786 million yen in the previous period).

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 5,900 180 310 210 43.3 25 May 9, 2024 J-GAAP
Apr - Sep, 2024 New 6,300 400 500 350 72.2 25 Sep 26, 2024 J-GAAP
Revision Rate +6.8% +122.2% +61.3% +66.7% +66.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 5,669 289 457 361 74.7 25 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 Guidance 6,300 400 500 350 72.2 25 Sep 26, 2024 J-GAAP
YoY +11.1% +38.4% +9.4% -3.0% -3.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,645 927 1,227 767 158.8 60 May 19, 2023 J-GAAP
Mar, 2024 11,464 476 786 527 108.9 50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 12,000 520 800 560 115.5 50 May 9, 2024 J-GAAP
YoY +4.7% +9.2% +1.8% +6.3% +6.1%

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