Nippon Coke & Engineering Co., Ltd.TSE: 3315

Consolidated Financial Results for the Six Months Ended December 31, 2024

Feb 7, 2025 at 5:04 AM UTC · Issued by Nippon Coke & Engineering Co., Ltd.

DISCLAIMER: This English document has been translated from 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.

February 7, 2025

	Consolidated Financial Results
	for the Nine Months Ended December 31, 2024
	(Under Japanese GAAP)
Company name:	Nippon Coke & Engineering Co., Ltd.
Listing:	Tokyo Stock Exchange
Securities code:	3315
URL:	https://www.n-coke.com/en/index.html
Representative:	MATSUOKA Hiroaki, President and Representative Director
Inquiries:	OKUZONO Takayuki, General Manager, Personnel and General Affairs Department
Telephone:	+81-3-5560-1311

Scheduled date of dividend payment commencement:-

Preparation of semiannual financial report supplemental explanatory materials: Yes

Holding of financial results briefing:

None

(Figures are rounded down to the nearest million yen)

1. Consolidated financial results for the nine months ended December 31, 2024 (from April 1, 2024 to December 31, 2024)

Consolidated Business Results (cumulative)

					(Percentage figures indicate year-on-year changes.)
			Operating profit		Ordinary profit	Profit(loss)
	Net sales		attributable to
	(loss)			(loss)
						owners of parent

Nine months ended	Millions of Yen	%	Millions of Yen		%	Millions of Yen	%	Millions of Yen	%
December 31, 2024	77,918	(26.6)	(4,362)	-		(5,365)	-	(4,756)	-
December 31, 2023	106,156	(20.6)	2,469	-		2,038	-	1,003	-

Note: Comprehensive income:	For the nine months ended December 31, 2024	(4,823) million yen (-%)
		For the nine months ended December 31, 2023	1,200 million yen (-%)
			Basic earnings per share	Diluted earnings per share
	Nine months ended		Yen	Yen
	December 31, 2024		(16.34)	-
	December 31, 2023		3.45	-

Consolidated Financial Position

	Total assets		Net assets	Equity ratio
As of	Millions of Yen		Millions of Yen	%
December 31, 2024	145,622		50,658	34.8
March 31, 2024	140,713		56,355	40.0
(Reference) Shareholders' equity:	As of December 31, 2024	50,658 million yen
	As of March 31, 2024	56,355 million yen

2.	Cash dividends

			Annual dividends per share
		End of the	End of the		End of the		Fiscal	Total
		first quarter	second quarter		third quarter		year-end

		Yen	Yen		Yen		Yen	Yen
Fiscal year ended March 31, 2024	-	0.00		-		3.00	3.00
Fiscal year ending March 31, 2025	-	0.00		-
Fiscal year ending March 31, 2025						-	-
(forecast)

Note: Revisions to the most recently announced dividend forecasts: None

Note: The year-end dividend forecast for the fiscal year ending March 31, 2025 is yet to be decided. The company intends to disclose the forecast dividend amount promptly when it is able to do so.

3. Forecast of consolidated financial results for the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings
		owners of parent	per share

	Millions of Yen		%	Millions of Yen		% Millions of Yen	%	Millions of Yen	%	Yen
Full Fiscal Year	-		-	-	-	-	-	-	-	-

Note: Revisions to the most recently announced performance forecasts: Yes

Please refer to the "Notice Concerning Revisions to Full-Year Results Forecasts" released today (February 7, 2025) for the revision of the consolidated financial results forecasts.

Cautionary Notes

(1) Significant changes in the scope of consolidation during the Period: None

Newly included: -

Excluded: -

Application of special accounting practices for the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
1. Changes in accounting policies in accordance with revisions to accounting standards and other regulations: Yes
2. Changes in accounting principles other than (a) above: None
3. Changes in accounting estimates: None
4. Restatements: None
Number of issued shares (Common shares)
1. Number of issued shares as of the end of the period (including treasury stock)

As of December 31, 2024		302,349,449	shares
As of March 31, 2024		302,349,449	shares
(b) Number of shares of treasury stock as of the end of the	period
As of December 31, 2024		11,325,593	shares
As of March 31, 2024		11,324,359	shares
(c) Average number of shares for the period (fiscal year-to-date)
Nine months ended December 31, 2024		291,024,518	shares
Nine months ended December 31, 2023		291,025,960	shares

Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
Proper use of earnings forecasts, and other special matters

Forward-looking statements including performance forecasts contained in this document are based on certain reasonable presumptions and beliefs in light of information currently available to management and should not be interpreted as a promise or guarantee by the Company that information or quantitative data will be achieved. Moreover, readers are advised that actual results may differ materially from forecasts due to a variety of factors.

Quarterly Consolidated Balance Sheet

			(Millions of Yen)
		As of March 31, 2024	As of December 31, 2024

Assets
Current assets
Cash and deposits	6,164	4,792
Notes and accounts receivable-trade, and	14,768	14,724
contract assets

Merchandise and finished goods	12,783	13,180
Work in process	1,381	2,014
Raw materials and supplies	28,573	22,606
Other	741	1,365
Allowance for doubtful accounts	(9)	-
Total current assets	64,404	58,683
Noncurrent assets
Property, plant and equipment
Buildings and structures	24,807	25,391
Accumulated depreciation	(16,576)	(17,078)
Buildings and structures, net	8,231	8,313
Machinery, equipment and vehicles	99,883	118,604
Accumulated depreciation	(81,505)	(84,272)
Machinery, equipment and vehicles,	18,378	34,332
net

Land	33,590	33,579
Construction in progress	9,445	2,627
Other	2,350	2,626
Accumulated depreciation	(1,643)	(1,782)
Other, net	706	843
Total property, plant and equipment	70,352	79,696
Intangible fixed assets
Other	424	457
Total intangible fixed assets	424	457
Investments and other assets
Investment securities	1,194	1,085
Deferred tax assets	3,346	4,732
Other	1,032	1,008
Allowance for doubtful accounts	(41)	(41)
Total investments and other assets	5,532	6,784
Total noncurrent assets	76,309	86,939
Total assets		140,713	145,622

			(Millions of Yen)
		As of March 31, 2024	As of December 31, 2024

Liabilities
Current liabilities
Notes and accounts payable-trade	20,704	21,258
Short-term loans payable	37,437	19,676
Income taxes payable	603	58
Provision for bonuses	728	384
Provision for loss on liquidation of	341	345
subsidiaries and associates

Provision for loss on order received	15	35
Other	8,366	9,240
Total current liabilities	68,198	50,999
Noncurrent liabilities
Long-term loans payable	8,495	36,384
Net defined benefit liability	3,034	3,092
Provision for directors' retirement benefits	56	45
Provision for environmental measures	3,514	3,514
Provision for loss on liquidation of	6	0
subsidiaries and associates

Other	1,052	927
Total noncurrent liabilities	16,159	43,964
Total liabilities	84,358	94,964
Net assets
Shareholders' equity
Capital stock	7,000	7,000
Capital surplus	1,750	1,750
Retained earnings	48,551	42,921
Treasury stock	(1,209)	(1,209)
Total shareholders' equity	56,091	50,462
Accumulated other comprehensive income
Valuation difference on available-for-sale	404	320
securities

Deferred gains or losses on hedges	(1)	(7)
Remeasurements of defined benefit plans	(138)	(116)
Total accumulated other comprehensive	264	196
income

Total net assets	56,355	50,658
Total liabilities and net assets		140,713	145,622

Quarterly Consolidated Statement of Income

			(Millions of Yen)
		Nine months ended	Nine months ended
		December 31, 2023	December 31, 2024

Sales	106,156	77,918
Cost of sales	98,980	77,369
Gross profit	7,176	548
Selling, general and administrative expenses	4,706	4,911
Operating profit (loss)	2,469	(4,362)
Non-operating income
Interest receivable	14	11
Dividend receivable	24	25
Other	104	39
Total non-operating income	143	76
Non-operating expenses
Interest expenses	227	374
Expenses related to loans payable	－	256
Other	347	448
Total non-operating expenses	575	1,079
Ordinary profit (loss)	2,038	(5,365)
Extraordinary profit
Gain on sales of noncurrent assets	231	26
Other	5	5
Total extraordinary profit	236	32
Extraordinary loss
Loss on retirement of noncurrent assets	828	589
Other	31	15
Total extraordinary loss	859	605
Net profit (loss) before taxes	1,415	(5,938)
Income taxes-current	212	173
Income taxes-deferred	198	(1,356)
Total income taxes	411	(1,182)
Profit (loss)	1,003	(4,756)

Profit (loss) attributable to owners of the parent	1,003	(4,756)

Quarterly Consolidated Statement of Comprehensive Income

		(Millions of Yen)
	Nine months ended	Nine months ended
	December 31 ,2023	December 31, 2024

Profit (loss)	1,003	(4,756)
Other comprehensive income
Valuation difference on available-for-sale	169	(83)
securities

Deferred gains or losses on hedges	5	(5)
Adjustment amounts of retirement benefits	21	21
Total other comprehensive income	196	(67)
Comprehensive income	1,200	(4,823)
(Breakdown)
Comprehensive income attributable to owners	1,200	(4,823)
of parent

Comprehensive income attributable to non-	-	-
controlling interests