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

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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.

Kabutan News

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%