NIPPN CORPORATION, First Half Ordinary Profit Decreases by 4%

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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%