Nihon Plast Net Profit Climbs to ¥1.54 Billion Amid Revenue Slump

Nihon Plast Co. Ltd. reported that revenue fell to ¥84.58 billion for the nine-month period ending December 31, a decrease from the ¥90.07 billion recorded in the previous year. This top-line contraction coincided with a decline in core profitability, as operating profit dropped to ¥1.57 billion from ¥2.14 billion.

Bottom-Line Resilience

Despite the pressure on sales and operating margins, the Japanese automotive supplier managed to grow its final earnings. Net profit rose to ¥1.54 billion, up from ¥1.28 billion in the prior-year period. According to the company's filing, these results are based on Japanese accounting standards.

The financial results showed a notable divergence between operational performance and final net income during the first three quarters of the fiscal year. Key performance indicators include:

• Earnings per share increasing to ¥81.35 from ¥67.61.
• Pretax profit reaching ¥1.37 billion, down from ¥1.67 billion.
• A year-over-year revenue decline of approximately 6.1%.