Komori
Revision of earnings forecasts5480Nippon Yakin kogyo Co.,Ltd.Iron & Steel, Nonferrous Metals

Notice Regarding Revisions to Earnings Forecasts

The full-year revenue forecast for the fiscal year ending March 2024 was reduced 12.6%, from ¥206.0 billion to ¥180.0 billion. Forecasts for operating income, ordinary income and net income attributable to owners of the parent were left unchanged, while earnings per share was lowered slightly from ¥894.99 to ¥894.75.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-26000
Millions of yen
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ended March 2024 · Full yearPrevious forecast published 2023年5月9日
Net Sales206,000→180,000Millions of yen
-12.6%
Operating profit21,000→21,000Millions of yen
0.0%
Ordinary income19,000→19,000Millions of yen
0.0%
Profit attributable to owners of the parent13,000→13,000Millions of yen
0.0%
Net income per share894.99→894.75yen and sen
-0.0%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

在庫調整の長期化、ニッケル価格相場の下落、中国経済の回復遅れにより販売数量の回復が想定を下回る見通し。一方、ロールマージンの確保、円安による為替メリット、高機能材需要の下支え、コストダウンにより安定した収益確保を見込む。

Previous-period resultsNet Sales 199,324 Millions of yen / Operating profit 29,256 Millions of yen / Ordinary income 27,738 Millions of yen / Profit attributable to owners of the parent 19,703 Millions of yen / Net income per share 1,316.79 yen and sen
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales206,000 Millions of yen → 180,000 Millions of yen(-12.6%)
Operating profit21,000 Millions of yen → 21,000 Millions of yen
Ordinary income19,000 Millions of yen → 19,000 Millions of yen
Profit attributable to owners of the parent13,000 Millions of yen → 13,000 Millions of yen
Net income per share894.99 yen and sen → 894.75 yen and sen
Fiscal Period CoveredFiscal year ended March 2024
Period CoveredFull year
Publication date of previous forecast2023年5月9日
Previous-period resultsNet Sales 199,324 Millions of yen / Operating profit 29,256 Millions of yen / Ordinary income 27,738 Millions of yen / Profit attributable to owners of the parent 19,703 Millions of yen / Net income per share 1,316.79 yen and sen
Reason for the revision在庫調整の長期化、ニッケル価格相場の下落、中国経済の回復遅れにより販売数量の回復が想定を下回る見通し。一方、ロールマージンの確保、円安による為替メリット、高機能材需要の下支え、コストダウンにより安定した収益確保を見込む。
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

在庫調整の長期化、夏以降下落傾向が続くニッケル価格相場、中国経済の回復遅れにより販売数量の回復が想定を下回る見通しとなった。一方、ロールマージンの確保、円安による為替メリット、高機能材需要の下支え、中期経営計画の施策によるコストダウンにより、安定した収益を見込んでいる。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to Earnings Forecasts | Nippon Yakin kogyo Co.,Ltd. (5480) timely disclosure | Komori