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

Consolidated Financial Results for the Six Months Ended September 30, 2024 (Under Japanese J-GAAP)

Nov 8, 2024 at 5:37 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.

November 8, 2024

	Consolidated Financial Results
	for the Six Months Ended September 30, 2024
	(Under Japanese J-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 filing date of the Company's semi-annual report:	November 14 ,2024
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 six months ended September 30, 2024 (from April 1, 2024 to September 30, 2024)

Consolidated Business Results (cumulative)

(Percentage figures indicate year-on-year changes.)

	Net sales	Operating profit	Ordinary profit	Profit attributable to
	owners of parent

Six months ended	Millions of Yen	%	Millions of Yen	%	Millions of Yen	%	Millions of Yen	%
September 30, 2024	47,668	(37.8)	(2,113)	-	(2,716)	-	(2,227)	-
September 30, 2023	76,688	(18.6)	2,895	-	2,502	-	1,329	-

Note: Comprehensive income:	For the six months ended September 30, 2024	(2,299) million yen (-%)
		For the six months ended September 30, 2023	1,498 million yen (-%)
			Basic earnings per share	Diluted earnings per share
	Six months ended		Yen	Yen
	September 30, 2024		(7.65)	-
	September 30, 2023		4.57	-

Consolidated Financial Position

	Total assets		Net assets	Equity ratio
As of	Millions of Yen		Millions of Yen	%
September 30, 2024	141,791		53,183	37.5
March 31, 2024	140,713		56,355	40.0
(Reference) Shareholders' equity:	As of September 30,	2024	53,183 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)

(Percentage figures are changes from the same period of the previous fiscal year.)

		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	118,700	(12.2)	3,400	(22.6)	2,400	34.1)	900	52.6)	3.09

Note: Revisions to the most recently announced performance forecasts: Yes	and "Supplementary Material for the Consolidated
Please refer to the "Notice Concerning Revisions to Full-Year Results Forecasts"		(		(
Financial Report for the Six Months Ended September 30, 2024" released today (November 8, 2024) for the revision of the
consolidated earnings forecast.
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 September 30, 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 September 30, 2024		11,325,273	shares
As of March 31, 2024		11,324,359	shares
(c) Average number of shares for the period (fiscal year-to-date)
Six months ended September 30, 2024		291,024,763	shares
Six months ended September 30, 2023		291,026,170	shares

Semi-annualfinancial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
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.

Semi-annual Consolidated Balance Sheet

			(Millions of Yen)
		As of March 31, 2024	As of September 30, 2024

Assets
Current assets
Cash and deposits	6,164	4,922
Notes and accounts receivable-trade, and	14,768	9,937
contract assets

Merchandise and finished goods	12,783	16,152
Work in process	1,381	1,820
Raw materials and supplies	28,573	22,455
Other	741	612
Allowance for doubtful accounts	(9)	-
Total current assets	64,404	55,901
Noncurrent assets
Property, plant and equipment
Buildings and structures	24,807	25,178
Accumulated depreciation	(16,576)	(16,914)
Buildings and structures, net	8,231	8,263
Machinery, equipment and vehicles	99,883	116,686
Accumulated depreciation	(81,505)	(83,187)
Machinery, equipment and vehicles,	18,378	33,499
net

Land	33,590	33,587
Construction in progress	9,445	2,948
Other	2,350	2,462
Accumulated depreciation	(1,643)	(1,735)
Other, net	706	726
Total property, plant and equipment	70,352	79,025
Intangible fixed assets
Other	424	382
Total intangible fixed assets	424	382
Investments and other assets
Investment securities	1,194	1,064
Deferred tax assets	3,346	4,448
Other	1,032	1,009
Allowance for doubtful accounts	(41)	(41)
Total investments and other assets	5,532	6,481
Total noncurrent assets	76,309	85,890
Total assets		140,713	141,791

			(Millions of Yen)
		As of March 31, 2024	As of September 30, 2024

Liabilities
Current liabilities
Notes and accounts payable-trade	20,704	10,659
Short-term loans payable	37,437	20,619
Income taxes payable	603	280
Provision for bonuses	728	745
Provision for loss on liquidation of	341	348
subsidiaries and associates

Provision for loss on order received	15	22
Other	8,366	11,949
Total current liabilities	68,198	44,625
Noncurrent liabilities
Long-term loans payable	8,495	36,397
Net defined benefit liability	3,034	3,056
Provision for directors' retirement benefits	56	42
Provision for environmental measures	3,514	3,514
Provision for loss on liquidation of	6	0
subsidiaries and associates

Other	1,052	970
Total noncurrent liabilities	16,159	43,982
Total liabilities	84,358	88,608
Net assets
Shareholders' equity
Capital stock	7,000	7,000
Capital surplus	1,750	1,750
Retained earnings	48,551	45,451
Treasury stock	(1,209)	(1,209)
Total shareholders' equity	56,091	52,991
Accumulated other comprehensive income
Valuation difference on available-for-sale	404	305
securities

Deferred gains or losses on hedges	(1)	10
Remeasurements of defined benefit plans	(138)	(124)
Total accumulated other comprehensive	264	191
income

Total net assets	56,355	53,183
Total liabilities and net assets		140,713	141,791

Semi-annual Consolidated Statement of Income

			(Millions of Yen)
		Six months ended	Six months ended
		September 30, 2023	September 30, 2024

Sales	76,688	47,668
Cost of sales	70,720	46,529
Gross profit	5,967	1,138
Selling, general and administrative expenses	3,072	3,252
Operating profit (loss)	2,895	(2,113)
Non-operating income
Interest receivable	9	7
Dividend receivable	16	15
Other	77	27
Total non-operating income	103	50
Non-operating expenses
Interest expenses	154	198
Expenses related to loans payable	24	149
Other	316	306
Total non-operating expenses	495	654
Ordinary profit (loss)	2,502	(2,716)
Extraordinary profit
Gain on sales of noncurrent assets	115	20
Other	3	5
Total extraordinary profit	119	25
Extraordinary loss
Loss on retirement of noncurrent assets	698	452
Other	30	14
Total extraordinary loss	728	466
Net profit (loss) before taxes	1,893	(3,157)
Income taxes-current	355	139
Income taxes-deferred	209	(1,070)
Total income taxes	564	(930)
Profit (loss)	1,329	(2,227)

Profit (loss) attributable to owners of the parent	1,329	(2,227)

Semi-annual Consolidated Statement of Comprehensive Income

		(Millions of Yen)
	Six months ended	Six months ended
	September 30 ,2023	September 30, 2024

Profit (loss)	1,329	(2,227)
Other comprehensive income
Valuation difference on available-for-sale	159	(98)
securities

Deferred gains or losses on hedges	(4)	11
Adjustment amounts of retirement benefits	14	14
Total other comprehensive income	168	(72)
Comprehensive income	1,498	(2,299)
(Breakdown)
Comprehensive income attributable to owners	1,498	(2,299)
of parent

Comprehensive income attributable to non-	-	-
controlling interests