Nissui Corporation, First Half Ordinary Profit Decreases by 0.2％, July-September Ordinary Profit Increases by 2%

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Wed Nov 6, 2024 1:00 pm JST Earnings

1332 Nissui Corporation 【J-GAAP】

Earnings Report

Nissui Corporation <1332> [TSE-P] announced its financial results in the afternoon session on November 6th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 16.9 billion yen, a 0.2% decrease compared to the same period last year. The progress rate against the 35 billion yen full-year plan was 48.5%, almost the same as the five-year average of 48.5%.

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 20.6% from the same period last year, reaching 18 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 7.46 billion yen, an increase of 2.2% compared to the same period last year. The operating profit margin remained almost flat, changing from 3.2% in the same period last year to 3.4%.

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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	377,207	13,332	14,716	11,747	37.8	53.0	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	407,134	16,275	17,018	11,685	37.6	53.2	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	440,682	17,276	16,976	10,499	33.8	48.5	Nov 6, 2024	J-GAAP
YoY	+8.2%	+6.2%	-0.2%	-10.1%	-10.0%

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	ー	ー	ー	ー	－	12	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	440,682	17,276	16,976	10,499	33.8	12	Nov 6, 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	424,241	13,388	14,945	12,165	39.1	14	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	434,318	15,224	18,024	13,501	43.4	12	Nov 6, 2024	J-GAAP
YoY	+2.4%	+13.7%	+20.6%	+11.0%	+11.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	768,181	24,488	27,776	21,233	68.2	18	May 12, 2023	J-GAAP
Mar, 2024	831,375	29,663	31,963	23,850	76.7	24	May 14, 2024	J-GAAP
Mar, 2025 Guidance	875,000	32,500	35,000	24,000	77.2	24	May 14, 2024	J-GAAP
YoY	+5.2%	+9.6%	+9.5%	+0.6%	+0.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	207,290	6,555	7,300	5,704	18.3	3.2	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	218,347	10,080	10,762	8,608	27.7	4.6	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	205,894	3,308	4,183	3,557	11.4	1.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	220,644	9,724	9,516	5,289	17.0	4.4	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	220,038	7,552	7,460	5,210	16.8	3.4	Nov 6, 2024	J-GAAP
YoY	+6.1%	+15.2%	+2.2%	-8.7%	-8.6%