DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 9, 2025
Company name: Nippon Coke ＆Engineering Co., Ltd Listing: Tokyo Stock Exchange
Securities code: 3315
URL: https://www.n-coke.com/
Representative: MATSUOKA Hiroaki, President and Representative Director
Inquiries: OKUZONO Takayuki, General Manager, Personal and General Affairs Department Telephone: +81-3-5560-1311
Scheduled date of annual general meeting of shareholders: June 27, 2025 Scheduled date to commence dividend payments: -
Scheduled date to file annual securities report: June 27, 2025
Preparation of supplementary material on financial results: None
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)
Note: Comprehensive income (loss) For the fiscal year ended March 31, 2025:
¥(13,882) million
[-%]
For the fiscal year ended March 31, 2024:
¥2,078 million
[-%]
-
Consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit (loss)
Ordinary profit (loss)
Profit (loss) attributable to owners of parent
Fiscal year ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2025
99,045
(26.7)
(8,562)
-
(10,269)
-
(13,908)
-
March 31, 2024
135,152
(22.4)
4,390
-
3,640
-
1,898
-
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary profit to total assets
Ratio of operating profit to net sales
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2025
(47.79)
-
(28.4)
(7.6)
(8.6)
March 31, 2024
6.52
-
3.4
2.6
3.2
-
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
March 31, 2025
130,630
41,600
31.8
142.94
March 31, 2024
140,713
56,355
40.0
193.65
Reference: Equity
As of March 31, 2025: ¥41,600 million
As of March 31, 2024: ¥56,355 million
- Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Fiscal year ended
Millions of yen
Millions of yen
Millions of yen
Millions of yen
March 31, 2025
(3,178)
(16,685)
18,813
5,105
March 31, 2024
10,827
(9,876)
(414)
6,160
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
Total cash dividends (Total)
Payout ratio (Consolidated)
Ratio of dividends to net assets (Consolidated)
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Millions of yen
%
%
Fiscal year ended
March 31, 2024
-
0.00
-
3.00
3.00
873
46.0
1.6
Fiscal year ended March 31, 2025
-
0.00
-
0.00
0.00
-
-
-
Fiscal year ending March 31, 2026 (Forecast)
-
-
-
-
-
-
Note: Dividends for the fiscal year ending March 31, 2026 have not yet been decided. We plan to disclose the dividend forecast as soon as it becomes possible.
- Forecast of consolidated financial results for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Six months ending September 30, 2025 | 47,000 | (1.4) | 2,000 | - | 1,300 | - | 600 | - | 2.06 |
Fiscal year ending March 31, 2026 | 98,000 | (1.1) | 3,500 | - | 2,200 | - | 900 | - | 3.09 |
Significant changes in the scope of consolidation during the period: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2025
302,349,449 shares
As of March 31, 2024
302,349,449 shares
Number of treasury shares at the end of the period
As of March 31, 2025
11,325,681 shares
As of March 31, 2024
11,324,359 shares
Average number of shares outstanding during the period
Fiscal year ended March 31, 2025 | 291,024,351 shares |
Fiscal year ended March 31, 2024 | 291,025,782 shares |
-
Non-consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit
Fiscal year ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2025
89,750
(28.9)
(9,752)
-
(11,325)
-
(14,522)
-
March 31, 2024
126,253
(23.8)
3,557
-
2,911
-
1,490
-
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
March 31, 2025
(49.90)
-
March 31, 2024
5.12
-
- Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of | Millions of yen | Millions of yen | % | Yen |
March 31, 2025 | 123,625 | 36,659 | 29.7 | 125.97 |
March 31, 2024 | 132,969 | 51,996 | 39.1 | 178.67 |
Reference: Equity
As of March 31, 2025: ¥36,659 million
As of March 31, 2024: ¥51,996 million
Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ substantially due to various factors.
Consolidated balance sheet(Millions of yen)
As of March 31, 2024 | As of March 31, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 6,164 | 5,109 |
Notes receivable - trade | 774 | 949 |
Accounts receivable - trade | 12,887 | 10,865 |
Contract assets | 1,106 | 1,064 |
Merchandise and finished goods | 12,783 | 12,102 |
Work in process | 1,381 | 1,583 |
Raw materials and supplies | 28,573 | 13,450 |
Other | 741 | 829 |
Allowance for doubtful accounts | (9) | 0 |
Total current assets | 64,404 | 45,955 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 24,807 | 25,358 |
Accumulated depreciation | (16,576) | (17,220) |
Buildings and structures, net | 8,231 | 8,138 |
Machinery, equipment and vehicles | 99,883 | 120,441 |
Accumulated depreciation | (81,505) | (85,406) |
Machinery, equipment and vehicles, net | 18,378 | 35,034 |
Land | 33,590 | 33,567 |
Construction in progress | 9,445 | 2,573 |
Other | 2,350 | 2,772 |
Accumulated depreciation | (1,643) | (1,816) |
Other, net | 706 | 956 |
Total property, plant and equipment | 70,352 | 80,270 |
Intangible assets | ||
Other | 424 | 707 |
Total intangible assets | 424 | 707 |
Investments and other assets | ||
Investment securities | 1,194 | 1,292 |
Deferred tax assets | 3,346 | 1,599 |
Other | 1,032 | 846 |
Allowance for doubtful accounts | (41) | (41) |
Total investments and other assets | 5,532 | 3,697 |
Total non-current assets | 76,309 | 84,675 |
Total assets | 140,713 | 130,630 |
(Millions of yen)
As of March 31, 2024 | As of March 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 20,704 | 7,564 |
Short-term borrowings | 37,437 | 32,929 |
Income taxes payable | 603 | 286 |
Contract liabilities | 1,177 | 108 |
Provision for bonuses | 728 | 703 |
Provision for loss on liquidation of subsidiaries and associates | 341 | 344 |
Provision for loss on orders received | 15 | 406 |
Other | 7,189 | 5,830 |
Total current liabilities | 68,198 | 48,173 |
Non-current liabilities | ||
Long-term borrowings | 8,495 | 32,887 |
Retirement benefit liability | 3,034 | 3,102 |
Provision for retirement benefits for directors (and other officers) | 56 | 48 |
Provision for environmental measures | 3,514 | 3,989 |
Provision for loss on liquidation of subsidiaries and associates | 6 | - |
Other | 1,052 | 829 |
Total non-current liabilities | 16,159 | 40,857 |
Total liabilities | 84,358 | 89,030 |
Net assets | ||
Shareholders' equity | ||
Share capital | 7,000 | 7,000 |
Capital surplus | 1,750 | 1,750 |
Retained earnings | 48,551 | 33,769 |
Treasury shares | (1,209) | (1,209) |
Total shareholders' equity | 56,091 | 41,309 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 404 | 460 |
Deferred gains or losses on hedges | (1) | 0 |
Remeasurements of defined benefit plans | (138) | (170) |
Total accumulated other comprehensive income | 264 | 290 |
Total net assets | 56,355 | 41,600 |
Total liabilities and net assets | 140,713 | 130,630 |
(Millions of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
Net sales | 135,152 | 99,045 |
Cost of sales | 124,587 | 101,160 |
Gross profit | 10,565 | (2,115) |
Selling, general and administrative expenses | ||
Port handing costs | 1,369 | 1,585 |
Salaries and wages | 971 | 945 |
Ocean freight | 837 | 734 |
Other | 2,995 | 3,180 |
Total selling, general and administrative expenses | 6,174 | 6,446 |
Operating profit (loss) | 4,390 | (8,562) |
Non-operating income | ||
Interest income | 16 | 16 |
Dividend income | 28 | 30 |
Lease revenue | 17 | 18 |
Other | 102 | 33 |
Total non-operating income | 164 | 99 |
Non-operating expenses | ||
Interest expenses | 302 | 560 |
Provision for environmental measures | 265 | 711 |
Foreign exchange losses | 154 | 211 |
Borrowing-related expenses | 46 | 181 |
Other | 144 | 141 |
Total non-operating expenses | 914 | 1,806 |
Ordinary profit (loss) | 3,640 | (10,269) |
Extraordinary income | ||
Gain on sale of non-current assets | 232 | 32 |
Other | 11 | 5 |
Total extraordinary income | 244 | 38 |
Extraordinary losses | ||
Loss on retirement of non-current assets | 1,068 | 719 |
Loss on disaster | - | 829 |
Impairment losses | 5 | 5 |
Other | 84 | 17 |
Total extraordinary losses | 1,157 | 1,577 |
Profit (loss) before income taxes | 2,727 | (11,808) |
Income taxes - current | 587 | 445 |
Income taxes - deferred | 241 | 1,654 |
Total income taxes | 828 | 2,100 |
Profit (loss) | 1,898 | (13,908) |
Profit (loss) attributable to owners of parent | 1,898 | (13,908) |
(Millions of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
Profit (loss) | 1,898 | (13,908) |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 175 | 56 |
Deferred gains or losses on hedges | (1) | 1 |
Remeasurements of defined benefit plans, net of tax | 6 | (32) |
Total other comprehensive income | 180 | 26 |
Comprehensive income | 2,078 | (13,882) |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 2,078 | (13,882) |
Comprehensive income attributable to non-controlling interests | - | - |
(Millions of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 7,000 | 1,750 | 46,652 | (1,209) | 54,193 |
Dividends of surplus | - | - | |||
Profit (loss) attributable to owners of parent | 1,898 | 1,898 | |||
Purchase of treasury shares | (0) | (0) | |||
Disposal of treasury shares | - | ||||
Net changes in items other than shareholders' equity | - | ||||
Total changes during period | - | - | 1,898 | (0) | 1,898 |
Balance at end of period | 7,000 | 1,750 | 48,551 | (1,209) | 56,091 |
Accumulated other comprehensive income | Total net assets | ||||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | ||
Balance at beginning of period | 228 | - | (144) | 83 | 54,277 |
Dividends of surplus | - | - | |||
Profit (loss) attributable to owners of parent | - | 1,898 | |||
Purchase of treasury shares | - | (0) | |||
Disposal of treasury shares | - | - | |||
Net changes in items other than shareholders' equity | 175 | (1) | 6 | 180 | 180 |
Total changes during period | 175 | (1) | 6 | 180 | 2,078 |
Balance at end of period | 404 | (1) | (138) | 264 | 56,355 |
(Millions of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 7,000 | 1,750 | 48,551 | (1,209) | 56,091 |
Dividends of surplus | (873) | (873) | |||
Profit (loss) attributable to owners of parent | (13,908) | (13,908) | |||
Purchase of treasury shares | (0) | (0) | |||
Disposal of treasury shares | - | ||||
Net changes in items other than shareholders' equity | - | ||||
Total changes during period | - | - | (14,781) | (0) | (14,781) |
Balance at end of period | 7,000 | 1,750 | 33,769 | (1,209) | 41,309 |
Accumulated other comprehensive income | Total net assets | ||||
Valuation difference on available-for-sale securities | Deferred gains or losses on hedges | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | ||
Balance at beginning of period | 404 | (1) | (138) | 264 | 56,355 |
Dividends of surplus | - | (873) | |||
Profit (loss) attributable to owners of parent | - | (13,908) | |||
Purchase of treasury shares | - | (0) | |||
Disposal of treasury shares | - | - | |||
Net changes in items other than shareholders' equity | 56 | 1 | (32) | 26 | 26 |
Total changes during period | 56 | 1 | (32) | 26 | (14,755) |
Balance at end of period | 460 | 0 | (170) | 290 | 41,600 |
(Millions of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
Cash flows from operating activities | ||
Profit (loss) before income taxes | 2,727 | (11,808) |
Depreciation | 4,543 | 5,240 |
Impairment losses | 5 | 10 |
Loss on disaster | - | 829 |
Increase (decrease) in allowance for doubtful accounts | 0 | (9) |
Increase (decrease) in provision for bonuses | (7) | (25) |
Increase (decrease) in provision for loss on liquidation of subsidiaries and associates | (17) | (13) |
Increase (decrease) in retirement benefit liability | (3) | 96 |
Increase (decrease) in provision for retirement benefits for directors (and other officers) | 0 | (8) |
Increase (decrease) in provision for environmental measures | (60) | 474 |
Increase (decrease) in provision for loss on orders received | (9) | 391 |
Interest and dividend income | (45) | (47) |
Gain on insurance claims | (48) | (8) |
Interest expenses | 302 | 560 |
Borrowing-related expenses | 46 | 181 |
Foreign exchange losses (gains) | (7) | 4 |
Loss on retirement of non-current assets | 1,068 | 719 |
Loss (gain) on sale of non-current assets | (230) | (32) |
Decrease (increase) in accounts receivable - trade, and contract assets | 87 | 1,889 |
Decrease (increase) in inventories | 3,931 | 15,601 |
Increase (decrease) in other business assets | 122 | 24 |
Increase (decrease) in trade payables | (3,510) | (13,140) |
Increase (decrease) in accrued consumption taxes | 1,278 | 42 |
Increase (decrease) in ther business debts | 35 | (2,023) |
Increase (decrease) in other non-current liabilities | 188 | (113) |
Other, net | (9) | (34) |
Subtotal | 10,387 | (1,185) |
Proceeds from insurance income | 416 | 13 |
Interest and dividends received | 45 | 47 |
Interest paid | (303) | (560) |
Income taxes refund (paid) | 281 | (662) |
Payments associated with disaster loss | - | (829) |
Net cash provided by (used in) operating activities | 10,827 | (3,178) |
(Millions of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
Cash flows from investing activities | ||
Purchase of non-current assets | (9,631) | (16,026) |
Payments for retirement of non-current assets | (1,041) | (675) |
Proceeds from sale of non-current assets | 832 | 48 |
Purchase of investment securities | (10) | (10) |
Proceeds from sale of investment securities | 8 | - |
Expenditure on other investments | (1) | (19) |
Collection of other investment | 1 | 6 |
Other, net | (34) | (8) |
Net cash provided by (used in) investing activities | (9,876) | (16,685) |
Cash flows from financing activities | ||
Proceeds from short-term borrowings | 368,458 | 294,871 |
Repayments of short-term borrowings | (369,888) | (302,031) |
Proceeds from long-term borrowings | 4,140 | 32,145 |
Repayments of long-term borrowings | (3,111) | (5,101) |
Purchase of treasury shares | (0) | (0) |
Dividends paid | - | (873) |
Other, net | (13) | (197) |
Net cash provided by (used in) financing activities | (414) | 18,813 |
Effect of exchange rate change on cash and cash equivalents | 7 | (4) |
Net increase (decrease) in cash and cash equivalents | 544 | (1,055) |
Cash and cash equivalents at beginning of period | 5,616 | 6,160 |
Cash and cash equivalents at end of period | 6,160 | 5,105 |