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NittoBest Corporation, The Current Fiscal Year Ordinary Profit Revised Downward by 33%

Mon Oct 28, 2024 3:30 pm JST Revision

2877 NittoBest Corporation 【J-GAAP】

Guidance Update Report

NittoBest Corporation <2877> [TSE-S] announced a performance revision after the market closed on October 28th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 33.3%, from the previous forecast of 900 million yen to 600 million yen (compared to 546 million yen in the previous period), leading to a reduction in the profit growth rate from 64.8% to 9.9%.

At the same time, the April to September period (first half) consolidated ordinary profit/loss has been revised downward from an expected profit of 100 million yen to a loss of 9 million yen (compared to a profit of 155 million yen in the same period of the previous year), turning to a loss outlook.

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 28,000 100 100 40 3.3 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 New 27,315 2 -9 -40 -3.3 0 Oct 28, 2024 J-GAAP
Revision Rate -2.4% -98.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 58,000 1,000 900 600 49.6 12 May 9, 2024 J-GAAP
Mar, 2025 New 56,000 600 600 450 37.2 12 Oct 28, 2024 J-GAAP
Revision Rate -3.4% -40.0% -33.3% -25.0% -25.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 26,701 115 155 84 7.0 0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 Guidance 27,315 2 -9 -40 -3.3 0 Oct 28, 2024 J-GAAP
YoY +2.3% -98.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 51,878 380 434 243 20.1 12 May 12, 2023 J-GAAP
Mar, 2024 54,271 504 546 411 34.0 12 May 9, 2024 J-GAAP
Mar, 2025 Guidance 56,000 600 600 450 37.2 12 Oct 28, 2024 J-GAAP
YoY +3.2% +19.0% +9.9% +9.5% +9.3%

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