Nippon Denko’s ordinary profit for July–September (third quarter) expanded 8.7-fold year on year to ¥1.66 billion. Ordinary profit for the fourth quarter is forecast at ¥2.74 billion, indicating an expected full-year recovery. Improved operating efficiency was also reported.
Nippon Denko’s consolidated ordinary profit for July–September (third quarter) came to ¥1.66 billion, surging 8.7-fold year on year. Its operating margin improved significantly from 5.9% in the previous fiscal year to 10.3%.
Meanwhile, consolidated results for January–September fell into the red, with cumulative ordinary profit at a loss of ¥1.24 billion. This compares with a profit in the same period of the previous year.
The company estimated fourth-quarter ordinary profit at ¥2.74 billion, indicating that fourth-quarter results are expected to contribute to higher full-year profit.
The announcement date was 6 November 2024, and these figures were based on the earnings report PDF and the earnings announcement. The sharp increase in ordinary profit and improvement in the profit margin drew attention.
In the latest three-month period, revenue was ¥19,760 million, operating profit was ¥1,174 million and ordinary profit was ¥192 million, representing a significant difference from the same period of the previous year.