NICHIAS CORPORATION, First Half Ordinary Profit Increases by 12%, Current Fiscal Year Dividend Revised Upward by 4 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 7, 2024 3:30 pm JST Earnings

5393 NICHIAS CORPORATION 【J-GAAP】

Earnings Report

NICHIAS CORPORATION <5393> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.7% from the same period last year, reaching 20.6 billion yen. The progress rate against the 42.5 billion yen full-year plan was 48.5%, exceeding the five-year average of 45.0%.

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 6.7% from the same period last year, reaching 21.8 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 104 yen to 108 yen (compared to 98 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 8.57 billion yen, a 8.4% decrease compared to the same period last year. However, the operating profit margin rose from 13.2% in the same period last year to 14.7%.

Kabutan News

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	113,507	12,953	16,352	11,309	170.5	49.4	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	120,035	15,690	18,478	12,978	195.7	47.4	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	126,650	19,854	20,632	14,457	220.0	48.5	Nov 7, 2024	J-GAAP
YoY	+5.5%	+26.5%	+11.7%	+11.4%	+12.5%

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	123,000	19,000	21,500	14,800	225.2	52	Aug 5, 2024	J-GAAP
Apr - Sep, 2024 Results	126,650	19,854	20,632	14,457	220.0	52	Nov 7, 2024	J-GAAP
Revision Rate	+3.0%	+4.5%	-4.0%	-2.3%	-2.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	253,000	39,500	42,500	29,300	449.7	104	Aug 5, 2024	J-GAAP
Mar, 2025 New	253,000	39,500	42,500	29,300	449.7	108	Nov 7, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	129,356	19,518	20,496	13,983	210.9	50	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	126,350	19,646	21,868	14,843	227.8	56	Nov 7, 2024	J-GAAP
YoY	-2.3%	+0.7%	+6.7%	+6.2%	+8.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	238,116	29,954	33,082	21,398	322.6	92	May 8, 2023	J-GAAP
Mar, 2024	249,391	35,208	38,974	26,961	406.6	98	May 7, 2024	J-GAAP
Mar, 2025 Guidance	253,000	39,500	42,500	29,300	449.7	108	Nov 7, 2024	J-GAAP
YoY	+1.4%	+12.2%	+9.0%	+8.7%	+10.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	60,857	8,050	9,363	6,625	99.9	13.2	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	65,061	9,806	9,731	6,704	101.1	15.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	64,295	9,712	10,765	7,279	109.8	15.1	May 7, 2024	J-GAAP
Apr - Jun, 2024	63,256	10,546	12,060	8,547	130.1	16.7	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	63,394	9,308	8,572	5,910	90.0	14.7	Nov 7, 2024	J-GAAP
YoY	+4.2%	+15.6%	-8.4%	-10.8%	-9.9%