NISSAN SHATAI CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 46%

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Thu Nov 7, 2024 4:00 pm JST Earnings

7222 NISSAN SHATAI CO.,LTD. 【J-GAAP】

Earnings Report

NISSAN SHATAI CO.,LTD. <7222> [TSE-S] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 1.98 billion yen (compared to a profit of 695 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has downwardly by 45.6%, from the previous forecast of 9 billion yen to 4.9 billion yen (compared to 1.39 billion yen in the previous period), leading to a reduction in the profit growth rate from 6.5 times to 3.5 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 9.9 times that of the same period last year, reaching 6.88 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 50 million yen (compared to a profit of 536 million yen in the same period last year). The operating profit/loss margin worsened from 0.6% in the same period last year to -0.3%.

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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	130,945	-1,040	-633	-544	-4.0	ー	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	145,579	488	695	414	3.1	49.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	146,806	-2,270	-1,984	-1,459	-10.8	ー	Nov 7, 2024	J-GAAP
YoY	+0.8%	－	－	－	－

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	－	6.50	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	146,806	-2,270	-1,984	-1,459	-10.8	6.50	Nov 7, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	328,700	8,700	9,000	5,400	39.9	13	May 9, 2024	J-GAAP
Mar, 2025 New	351,300	4,400	4,900	2,400	17.7	13	Nov 7, 2024	J-GAAP
Revision Rate	+6.9%	-49.4%	-45.6%	-55.6%	-55.6%

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	155,492	491	697	-7	-0.1	6.50	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	204,494	6,670	6,884	3,859	28.5	6.50	Nov 7, 2024	J-GAAP
YoY	+31.5%	+1,258.5%	+887.7%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	307,521	4,390	5,118	3,883	28.7	13	May 11, 2023	J-GAAP
Mar, 2024	301,071	979	1,392	407	3.0	13	May 9, 2024	J-GAAP
Mar, 2025 Guidance	351,300	4,400	4,900	2,400	17.7	13	Nov 7, 2024	J-GAAP
YoY	+16.7%	+349.4%	+252.0%	+489.7%	+488.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	75,547	428	536	312	2.3	0.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	86,522	2,503	2,601	1,619	12.0	2.9	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	68,970	-2,012	-1,904	-1,626	-12.0	-2.9	May 9, 2024	J-GAAP
Apr - Jun, 2024	65,097	-2,023	-1,934	-1,339	-9.9	-3.1	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	81,709	-247	-50	-120	-0.9	-0.3	Nov 7, 2024	J-GAAP
YoY	+8.2%	－	－	－	－