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Nippi,Incorporated, First Half Ordinary Profit Decreases by 19%, July-September Ordinary Profit Decreases by 60%

Fri Nov 8, 2024 3:30 pm JST Earnings

7932 Nippi,Incorporated 【J-GAAP】

Earnings Report

Nippi,Incorporated <7932> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.6% from the same period last year to 1.55 billion yen. The progress rate against the 3 billion yen full-year plan was 52.0%, below the five-year average of 64.5%.

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 21.0% from the same period last year to 1.44 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 433 million yen, a 60.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.0% in the same period last year to 5.1%.

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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 22,417 1,027 1,239 831 289.1 79.8 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 24,418 1,830 1,916 1,377 479.0 51.2 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 25,003 1,646 1,559 1,109 385.6 52.0 Nov 8, 2024 J-GAAP
YoY +2.4% -10.1% -18.6% -19.5% -19.5%

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 25,000 1,300 1,300 900 313.0 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 25,003 1,646 1,559 1,109 385.6 0 Nov 8, 2024 J-GAAP
Revision Rate +0.0% +26.6% +19.9% +23.2% +23.2%

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 24,628 1,782 1,824 1,171 407.2 220 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,997 1,354 1,441 891 309.8 220 Nov 8, 2024 J-GAAP
YoY -2.6% -24.0% -21.0% -23.9% -23.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,811 1,471 1,553 1,169 406.8 80 May 15, 2023 J-GAAP
Mar, 2024 49,046 3,612 3,740 2,548 886.0 220 May 15, 2024 J-GAAP
Mar, 2025 Guidance 49,000 3,000 3,000 2,000 695.5 220 May 15, 2024 J-GAAP
YoY -0.1% -16.9% -19.8% -21.5% -21.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,375 1,111 1,086 781 271.7 9.0 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 12,435 620 570 411 142.9 5.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 12,193 1,162 1,254 760 264.3 9.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 12,623 1,018 1,126 748 260.1 8.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 12,380 628 433 361 125.5 5.1 Nov 8, 2024 J-GAAP
YoY +0.0% -43.5% -60.1% -53.8% -53.8%

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