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NIPPON SHARYO, LTD., First Half Ordinary Profit Increases by 13%, July-September Ordinary Profit Increases by 2.1 times

Mon Oct 28, 2024 3:40 pm JST Earnings

7102 NIPPON SHARYO, LTD. 【J-GAAP】

Earnings Report

NIPPON SHARYO, LTD. <7102> [TSE-P] announced its financial results after the market closed on October 28th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.3% from the same period last year, reaching 3.41 billion yen. The progress rate against the 5.7 billion yen full-year plan was 60.0%, also surpassing the five-year average of 41.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 30.6% from the same period last year to 2.28 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 2.96 billion yen. The operating profit margin drastically improved from 7.0% in the same period last year to 12.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 44,402 1,448 1,507 1,121 77.7 33.5 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 41,782 2,899 3,018 2,114 146.5 47.9 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 45,551 3,224 3,419 2,919 202.3 60.0 Oct 28, 2024 J-GAAP
YoY +9.0% +11.2% +13.3% +38.1% +38.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 15 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 45,551 3,224 3,419 2,919 202.3 15 Oct 28, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 46,276 3,161 3,288 3,267 226.4 15 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 45,449 2,276 2,281 2,081 144.2 15 Oct 28, 2024 J-GAAP
YoY -1.8% -28.0% -30.6% -36.3% -36.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 97,969 4,461 4,494 3,118 216.1 20 Apr 25, 2023 J-GAAP
Mar, 2024 88,058 6,060 6,306 5,381 372.9 25 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 91,000 5,500 5,700 5,000 346.5 30 Apr 26, 2024 J-GAAP
YoY +3.3% -9.2% -9.6% -7.1% -7.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 20,753 1,447 1,437 613 42.5 7.0 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 17,155 1,212 1,335 1,500 104.0 7.1 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 29,121 1,949 1,953 1,767 122.5 6.7 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 21,409 276 451 534 37.0 1.3 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 24,142 2,948 2,968 2,385 165.3 12.2 Oct 28, 2024 J-GAAP
YoY +16.3% +103.7% +106.5% +289.1% +289.1%

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