NIHON SEIKO CO.,LTD., First Half Ordinary Profit Increases by 3.8 times, Dividend Revised Upward by 15 yen

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Fri Nov 1, 2024 1:00 pm JST Earnings

5729 NIHON SEIKO CO.,LTD. 【J-GAAP】

Earnings Report

NIHON SEIKO CO.,LTD. <5729> [TSE-S] announced its financial results in the afternoon session on November 1st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.8 times that of the same period last year, reaching 882 million yen, exceeded the previous forecast of 610 million yen.

In addition, the company has withdrawn its previous forecast of 1.06 billion yen in consolidated ordinary profit for and has changed it to undetermined.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 105 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.1 times that of the same period last year, reaching 485 million yen. The operating profit margin drastically improved from 3.8% in the same period last year to 9.0%.

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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	8,606	608	626	437	179.1	79.1	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	7,883	207	234	161	66.2	33.1	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	10,859	924	882	604	247.4	ー	Nov 1, 2024	J-GAAP
YoY	+37.8%	+346.4%	+276.9%	+275.2%	+274.0%

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	9,840	630	610	420	171.6	45	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	10,859	924	882	604	247.4	60	Nov 1, 2024	J-GAAP
Revision Rate	+10.4%	+46.7%	+44.6%	+43.8%	+44.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	20,040	1,100	1,060	720	294.2	90	May 14, 2024	J-GAAP
Mar, 2025 New	ー	ー	ー	ー	－	105	Nov 1, 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	7,706	467	472	341	139.8	40	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	45	Nov 1, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,923	802	791	481	197.5	120	May 12, 2023	J-GAAP
Mar, 2024	15,589	674	706	502	205.8	80	May 14, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	ー	ー	－	105	Nov 1, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,083	155	155	139	57.1	3.8	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	3,636	213	207	155	63.6	5.9	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	4,070	254	265	186	76.3	6.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,864	384	397	272	111.7	7.9	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	5,995	540	485	332	136.0	9.0	Nov 1, 2024	J-GAAP
YoY	+46.8%	+248.4%	+212.9%	+138.8%	+138.1%