Nippon Carbon (5302) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, increased by 2.2% year-over-year to ¥27,423 million, with operating profit up 10.3% to ¥4,741 million and profit attributable to owners of parent rising 9.7% to ¥2,887 million.

• Comprehensive income for the period was ¥3,934 million, with ¥3,350 million attributable to owners of parent and ¥584 million to non-controlling interests.

Financial highlights

• Gross profit rose to ¥8,490 million from ¥8,137 million year-over-year, while ordinary profit increased to ¥4,865 million from ¥4,598 million.

• Earnings per share for the nine months reached ¥261.29, up from ¥238.26 in the prior year period.

• Total assets as of September 30, 2024, were ¥79,240 million, with net assets at ¥59,270 million and an equity ratio of 63.9%.

Outlook and guidance

• Full-year 2024 forecast projects net sales of ¥43,000 million (up 13.6% year-over-year), operating profit of ¥7,100 million (up 8.0%), and profit attributable to owners of parent of ¥4,100 million (up 1.2%).

• Forecasted earnings per share for the full year is ¥371.23.