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NIPPN CORPORATION, First Half Ordinary Profit Decreases by 4%

Thu Nov 7, 2024 4:00 pm JST Earnings

2001 NIPPN CORPORATION 【J-GAAP】

Earnings Report

NIPPN CORPORATION <2001> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 3.6% from the same period last year to 12 billion yen. However, The progress rate against the 22.5 billion yen full-year plan was 53.7%, also surpassing 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 decrease by 3.1% from the same period last year to 10.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 5.54 billion yen, a 5.3% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 5.2%.

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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 176,488 5,829 7,211 4,963 64.2 48.7 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 198,973 11,035 12,544 8,489 108.9 53.9 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 204,909 10,524 12,092 14,039 180.0 53.7 Nov 7, 2024 J-GAAP
YoY +3.0% -4.6% -3.6% +65.4% +65.3%

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 205,000 10,000 11,000 13,000 166.7 33 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 204,909 10,524 12,092 14,039 180.0 33 Nov 7, 2024 J-GAAP
Revision Rate 0.0% +5.2% +9.9% +8.0% +7.9%

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 201,541 9,305 10,736 17,878 229.3 38 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 207,091 9,976 10,408 9,961 127.6 33 Nov 7, 2024 J-GAAP
YoY +2.8% +7.2% -3.1% -44.3% -44.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 365,525 12,288 14,816 10,260 132.2 40 May 12, 2023 J-GAAP
Mar, 2024 400,514 20,340 23,280 26,367 338.2 66 May 14, 2024 J-GAAP
Mar, 2025 Guidance 412,000 20,500 22,500 24,000 307.5 66 May 14, 2024 J-GAAP
YoY +2.9% +0.8% -3.4% -9.0% -9.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 100,342 5,588 5,857 4,010 51.4 5.6 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 106,001 6,965 8,160 5,818 74.6 6.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 95,540 2,340 2,576 12,060 154.7 2.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 101,969 5,132 6,543 9,433 121.0 5.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 102,940 5,392 5,549 4,606 59.0 5.2 Nov 7, 2024 J-GAAP
YoY +2.6% -3.5% -5.3% +14.9% +14.8%

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