Nitta Gelatin Inc., First Half Ordinary Profit Revised Upward to an Unexpected 9% Increase

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Tue Nov 5, 2024 3:10 pm JST Revision

4977 Nitta Gelatin Inc. 【J-GAAP】

Guidance Update Report

Nitta Gelatin Inc. <4977> [TSE-S] announced a performance revision in the afternoon session on November 5th (15:10). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 26.7%, from the previous forecast of 1.5 billion yen to 1.9 billion yen (compared to 1.73 billion yen in the same period of the previous year), turning to a 9.3% increase in the consolidated ordinary profit outlook.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 3 billion yen(compared to 2.38 billion yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	19,500	1,500	1,500	800	44.0	9	May 15, 2024	J-GAAP
Apr - Sep, 2024 New	19,700	2,100	1,900	800	44.0	9	Nov 5, 2024	J-GAAP
Revision Rate	+1.0%	+40.0%	+26.7%	0.0%	0.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	19,711	1,344	1,739	690	38.1	8	Nov 13, 2023	J-GAAP
Apr - Sep, 2024 Guidance	19,700	2,100	1,900	800	44.0	9	Nov 5, 2024	J-GAAP
YoY	-0.1%	+56.3%	+9.3%	+15.9%	+15.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	39,186	2,259	2,248	1,558	86.0	16	May 12, 2023	J-GAAP
Mar, 2024	40,420	1,836	2,382	-1,850	-102.0	16	May 15, 2024	J-GAAP
Mar, 2025 Guidance	39,000	3,000	3,000	1,600	88.1	18	May 15, 2024	J-GAAP
YoY	-3.5%	+63.4%	+25.9%	－	－