NIPPO LTD., First Half Ordinary Profit Decreases by 11%, July-September Ordinary Profit Decreases by 6%

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Tue Nov 5, 2024 12:30 pm JST Earnings

9913 NIPPO LTD. 【J-GAAP】

Earnings Report

NIPPO LTD. <9913> [TSE-S] announced its financial results at noon (12:30) on November 5th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.8% from the same period last year to 979 million yen. However, The progress rate against the 1.95 billion yen full-year plan was 50.2%, almost the same as the five-year average of 48.3%.

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 decrease by 7.8% from the same period last year to 971 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 533 million yen, a 6.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 4.5% in the same period last year to 4.4%.

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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	18,606	929	905	590	65.0	48.4	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	20,215	939	1,097	755	84.6	51.0	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	22,116	839	979	672	74.8	50.2	Nov 5, 2024	J-GAAP
YoY	+9.4%	-10.6%	-10.8%	-11.0%	-11.6%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	22,116	839	979	672	74.8	0	Nov 5, 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	21,707	979	1,053	702	78.4	74	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,884	1,111	971	708	78.6	76	Nov 5, 2024	J-GAAP
YoY	-8.4%	+13.5%	-7.8%	+0.9%	+0.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	38,886	1,912	1,871	1,269	141.1	33	May 12, 2023	J-GAAP
Mar, 2024	41,922	1,918	2,150	1,457	162.8	74	May 15, 2024	J-GAAP
Mar, 2025 Guidance	42,000	1,950	1,950	1,380	153.2	76	May 15, 2024	J-GAAP
YoY	+0.2%	+1.7%	-9.3%	-5.3%	-5.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,067	452	569	420	47.0	4.5	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	10,731	544	559	373	41.7	5.1	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	10,976	435	494	329	36.8	4.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	10,839	344	446	284	31.7	3.2	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	11,277	495	533	388	43.2	4.4	Nov 5, 2024	J-GAAP
YoY	+12.0%	+9.5%	-6.3%	-7.6%	-8.2%