kabutan

NIPRO CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 19%

Fri Nov 8, 2024 2:00 pm JST Earnings

8086 NIPRO CORPORATION 【J-GAAP】

Earnings Report

NIPRO CORPORATION <8086> [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) significantly dropped by 69.5% from the same period last year to 4.49 billion yen, fell short of the previous forecast of 12.6 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 19.2%, from the previous forecast of 27.6 billion yen to 22.3 billion yen (compared to 19.5 billion yen in the previous period), leading to a reduction in the profit growth rate from 41.5% to 14.3%.

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 3.7 times that of the same period last year, reaching 17.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 1.93 billion yen (compared to a profit of 5.83 billion yen in the same period last year). However, the operating profit margin improved from 4.2% in the same period last year to 4.8%.

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 260,339 6,371 11,604 6,252 38.3 75.6 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 285,865 13,488 14,736 9,931 60.9 75.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 312,017 13,459 4,492 129 0.8 20.1 Nov 8, 2024 J-GAAP
YoY +9.1% -0.2% -69.5% -98.7% -98.7%

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 316,621 14,620 12,646 6,100 37.4 12 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 312,017 13,459 4,492 129 0.8 12 Nov 8, 2024 J-GAAP
Revision Rate -1.5% -7.9% -64.5% -97.9% -97.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 645,000 32,500 27,600 15,800 96.9 32 May 10, 2024 J-GAAP
Mar, 2025 New 645,000 32,500 22,300 15,800 96.9 32 Nov 8, 2024 J-GAAP
Revision Rate 0.0% 0.0% -19.2% 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 300,920 8,847 4,773 1,178 7.2 15 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 332,983 19,041 17,808 15,671 96.1 20 Nov 8, 2024 J-GAAP
YoY +10.7% +115.2% +273.1% +1,230.3% +1,230.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 545,199 17,729 15,346 4,574 28.1 22 May 11, 2023 J-GAAP
Mar, 2024 586,785 22,335 19,509 11,109 68.1 25 May 10, 2024 J-GAAP
Mar, 2025 Guidance 645,000 32,500 22,300 15,800 96.9 32 Nov 8, 2024 J-GAAP
YoY +9.9% +45.5% +14.3% +42.2% +42.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 145,271 6,151 5,835 5,832 35.8 4.2 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 153,270 8,874 5,274 2,698 16.5 5.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 147,650 -27 -501 -1,520 -9.3 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 152,392 5,788 6,422 2,626 16.1 3.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 159,625 7,671 -1,930 -2,497 -15.3 4.8 Nov 8, 2024 J-GAAP
YoY +9.9% +24.7% － － －

Related Articles