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NICHIBAN CO., LTD, The Current Fiscal Year Ordinary Profit Revised Upward by 12%

Fri Nov 8, 2024 2:00 pm JST Earnings

4218 NICHIBAN CO., LTD. 【J-GAAP】

Earnings Report

NICHIBAN CO., LTD <4218> [TSE-P] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.22 billion yen, an increase of 92.6% compared to the same period last year, exceeded the previous forecast of 900 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 12.0%, from the previous forecast of 2.5 billion yen to 2.8 billion yen (compared to 2.2 billion yen in the previous period), increasing the growth rate from 13.6% to 27.2%.

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 nearly flat at 1.57 billion yen, up 0.6% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.3 times that of the same period last year, reaching 640 million yen. The operating profit margin significantly improved from 1.6% in the same period last year to 5.4%.

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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 21,531 504 578 371 17.9 33.1 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 22,458 529 637 432 21.0 28.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 23,759 1,174 1,227 809 39.8 43.8 Nov 8, 2024 J-GAAP
YoY +5.8% +121.9% +92.6% +87.3% +89.7%

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 23,400 800 900 600 29.5 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 23,759 1,174 1,227 809 39.8 0 Nov 8, 2024 J-GAAP
Revision Rate +1.5% +46.8% +36.3% +34.8% +35.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 48,600 2,400 2,500 1,900 93.3 35 May 13, 2024 J-GAAP
Mar, 2025 New 49,000 2,700 2,800 2,100 103.2 35 Nov 8, 2024 J-GAAP
Revision Rate +0.8% +12.5% +12.0% +10.5% +10.5%

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 24,401 1,544 1,564 1,395 68.0 35 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,241 1,526 1,573 1,291 63.4 35 Nov 8, 2024 J-GAAP
YoY +3.4% -1.2% +0.6% -7.5% -6.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,560 1,609 1,748 2,371 114.7 35 May 12, 2023 J-GAAP
Mar, 2024 46,859 2,073 2,201 1,827 89.0 35 May 13, 2024 J-GAAP
Mar, 2025 Guidance 49,000 2,700 2,800 2,100 103.2 35 Nov 8, 2024 J-GAAP
YoY +4.6% +30.2% +27.2% +14.9% +15.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,542 183 193 151 7.3 1.6 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 13,046 1,182 1,207 959 46.6 9.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 11,355 362 357 436 21.2 3.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,524 514 587 333 16.4 4.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 12,235 660 640 476 23.4 5.4 Nov 8, 2024 J-GAAP
YoY +6.0% +260.7% +231.6% +215.2% +219.4%

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