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

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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%