NIFTY Lifestyle Co., Ltd., First Half Ordinary Profit Decreases by 5%

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Thu Oct 31, 2024 3:00 pm JST Earnings

4262 NIFTY Lifestyle Co., Ltd. 【J-GAAP】

Earnings Report

NIFTY Lifestyle Co., Ltd. <4262> [TSE-G] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.5% from the same period last year to 337 million yen. The progress rate against the 946 million yen full-year plan was 35.6%, also falling below the four-year average of 42.3%.

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 grow by 4.3% from the same period last year, reaching 609 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 23.6% from the same period last year, reaching 220 million yen. However, the operating profit margin decreased from 23.7% in the same period last year to 18.3%.

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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	1,330	250	249	165	26.5	43.7	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	1,495	350	353	229	36.1	37.7	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	2,159	336	337	198	31.2	35.6	Oct 31, 2024	J-GAAP
YoY	+44.4%	-4.0%	-4.5%	-13.5%	-13.5%

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	－	9	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	2,159	336	337	198	31.2	9	Oct 31, 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	2,064	583	584	402	63.3	8.50	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,605	622	609	400	62.8	9	Oct 31, 2024	J-GAAP
YoY	+26.2%	+6.7%	+4.3%	-0.5%	-0.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,007	571	570	339	54.2	12	May 9, 2023	J-GAAP
Mar, 2024	3,559	933	937	631	99.3	15	May 7, 2024	J-GAAP
Mar, 2025 Guidance	4,764	958	946	598	93.9	18	Jun 28, 2024	J-GAAP
YoY	+33.9%	+2.7%	+1.0%	-5.2%	-5.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	746	177	178	113	17.8	23.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	879	214	214	141	22.2	24.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	1,185	369	370	261	41.1	31.1	May 7, 2024	J-GAAP
Apr - Jun, 2024	963	117	117	46	7.4	12.1	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	1,196	219	220	152	24.0	18.3	Oct 31, 2024	J-GAAP
YoY	+60.3%	+23.7%	+23.6%	+34.5%	+34.5%