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

Notice Regarding Revisions to Earnings Forecasts

The consolidated full-year earnings forecast for the fiscal year ending March 2024 was revised downward. Revenue was cut by 1.7%, while operating profit, ordinary profit and net income attributable to owners of the parent were cut by 10.5% to 11.9%; earnings per share was also lowered.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-11.9
%
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ended March 2024 · Full yearPrevious forecast published 2023年10月31日
Net Sales180,000→177,000million
-1.7%
Operating profit21,000→18,500million
-11.9%
Ordinary income19,000→17,000million
-10.5%
Profit attributable to owners of the parent13,000→11,500million
-11.5%
Net income per share894.75→791.52yen and sen
-11.5%

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

販売数量が減少する中、ニッケル価格相場下落に伴う在庫評価損や、ニッケルの先安感などによる高機能材物件の一部先送りの影響から、第3四半期連結累計期間の収益状況が悪化した。一般材の在庫調整やエネルギー分野の需要回復が収益回復に寄与するのは来年度以降になると見込んでいる。

Details and amount of extraordinary loss

在庫評価損(ニッケル価格相場下落に伴う)との記載はあるが、特別損失としての金額はNot disclosed

Previous-period results2023年3月期通期:売上高199,324百万円、営業利益29,256百万円、経常利益27,738百万円、親会社株主に帰属する当期純利益19,703百万円、1株当たり当期純利益1,316.79円
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥180,000 million → ¥177,000 million(-1.7%)
Operating profit¥21,000 million → ¥18,500 million(-11.9%)
Ordinary income¥19,000 million → ¥17,000 million(-10.5%)
Profit attributable to owners of the parent¥13,000 million → ¥11,500 million(-11.5%)
Net income per share894.75 yen and sen → 791.52 yen and sen
Fiscal Period CoveredFiscal year ended March 2024
Period CoveredFull year
Publication date of previous forecast2023年10月31日
Previous-period results2023年3月期通期:売上高199,324百万円、営業利益29,256百万円、経常利益27,738百万円、親会社株主に帰属する当期純利益19,703百万円、1株当たり当期純利益1,316.79円
Reason for the revision販売数量が減少する中、ニッケル価格相場下落に伴う在庫評価損や、ニッケルの先安感などによる高機能材物件の一部先送りの影響から、第3四半期連結累計期間の収益状況が悪化した。一般材の在庫調整やエネルギー分野の需要回復が収益回復に寄与するのは来年度以降になると見込んでいる。
Details and amount of extraordinary loss在庫評価損(ニッケル価格相場下落に伴う)との記載はあるが、特別損失としての金額はNot disclosed
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Dividend 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.

販売数量の減少に加え、ニッケル価格相場の下落に伴う在庫評価損や、ニッケルの先安感による高機能材物件の一部先送りにより、第3四半期連結累計期間の収益状況が悪化したため。一般材の在庫調整やエネルギー分野の需要回復が収益回復に寄与するのは来年度以降になると見込んでいる。

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