NIPPON SANSO HOLDINGS CORPORATION, July-September (2Q) Net Income Decreases by 16%

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Thu Oct 31, 2024 3:00 pm JST Earnings

4091 NIPPON SANSO HOLDINGS CORPORATION 【IFRS】

Earnings Report

NIPPON SANSO HOLDINGS CORPORATION <4091> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 31st (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 49.1 billion yen, a 1.3% increase compared to the same period last year. However, The progress rate against the 105 billion yen full-year plan was 46.9%, almost the same as the five-year average of 47.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 2.7% from the same period last year to 55.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 20.1 billion yen, a 16.2% decrease compared to the same period last year. The operating profit margin decreased from 13.5% in the same period last year to 11.0%.

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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	573,699	53,872	49,641	35,149	81.2	47.1	Nov 1, 2022	IFRS
Apr - Sep, 2023	612,571	81,576	71,549	48,547	112.2	47.5	Oct 31, 2023	IFRS
Apr - Sep, 2024	643,045	82,512	71,781	49,194	113.7	46.6	Oct 31, 2024	IFRS
YoY	+5.0%	+1.1%	+0.3%	+1.3%	+1.3%

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	－	24	May 13, 2024	IFRS
Apr - Sep, 2024 Results	643,045	82,512	71,781	49,194	113.7	24	Oct 31, 2024	IFRS
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	642,510	90,465	79,171	57,354	132.5	24	May 13, 2024	IFRS
Oct - Mar, 2024 Guidance	656,955	94,488	82,219	55,806	128.9	24	Oct 31, 2024	IFRS
YoY	+2.2%	+4.4%	+3.8%	-2.7%	-2.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,186,683	119,524	105,503	73,080	168.9	38	May 11, 2023	IFRS
Mar, 2024	1,255,081	172,041	150,720	105,901	244.7	44	May 13, 2024	IFRS
Mar, 2025 Guidance	1,300,000	177,000	154,000	105,000	242.6	48	May 13, 2024	IFRS
YoY	+3.6%	+2.9%	+2.2%	-0.9%	-0.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	303,668	40,861	35,323	23,989	55.4	13.5	Oct 31, 2023	IFRS
Oct - Dec, 2023	316,085	42,625	36,696	24,847	57.4	13.5	Feb 2, 2024	IFRS
Jan - Mar, 2024	326,425	47,840	42,475	32,507	75.1	14.7	May 13, 2024	IFRS
Apr - Jun, 2024	329,274	47,979	42,903	29,085	67.2	14.6	Jul 30, 2024	IFRS
Jul - Sep, 2024	313,771	34,533	28,878	20,109	46.5	11.0	Oct 31, 2024	IFRS
YoY	+3.3%	-15.5%	-18.2%	-16.2%	-16.2%