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Nissha Co., Ltd., The Current Fiscal Year Net Income Revised Downward by 24%

Fri Nov 8, 2024 3:30 pm JST Earnings

7915 Nissha Co., Ltd. 【IFRS】

Earnings Report

Nissha Co., Ltd. <7915> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 8th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 7.7 times that of the same period last year, reaching 4.42 billion yen.

However, the full-year consolidated net income has downwardly by 24.2%, from the previous forecast of 6.6 billion yen to 5 billion yen (compared to a loss of 2.98 billion yen in the previous period).

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the July to December period (second half) has downwardly by 71.5%, from the previous forecast of 2.23 billion yen to 637 million yen (compared to a loss of 3.78 billion yen in the same period of the previous year).

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a profit of profit of 60 million yen (compared to a loss of 226 million yen in the same period last year). The operating profit/loss margin significantly improved from -1.2% in the same period last year to 3.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 141,382 9,680 13,949 11,818 237.1 112.7 Nov 10, 2022 IFRS
Jan - Sep, 2023 123,885 -414 998 575 11.8 ー Nov 9, 2023 IFRS
Jan - Sep, 2024 148,402 5,904 5,314 4,268 88.4 80.5 Nov 8, 2024 IFRS
YoY +19.8% － +432.5% +642.3% +651.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 96,939 3,834 3,493 2,342 48.9 25 Aug 6, 2024 IFRS
Jul - Dec, 2024 New 96,939 3,134 593 742 15.5 25 Nov 8, 2024 IFRS
Revision Rate 0.0% -18.3% -83.0% -68.3% -68.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 196,600 8,100 9,500 6,600 137.8 50 Aug 6, 2024 IFRS
Dec, 2024 New 196,600 7,400 6,600 5,000 104.4 50 Nov 8, 2024 IFRS
Revision Rate 0.0% -8.6% -30.5% -24.2% -24.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 84,721 -3,875 -3,849 -3,789 -77.5 25 Feb 14, 2024 IFRS
Jul - Dec, 2024 Guidance 96,939 3,134 593 742 15.5 25 Nov 8, 2024 IFRS
YoY +14.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 193,963 9,520 12,373 10,140 203.7 50 Feb 14, 2023 IFRS
Dec, 2023 167,726 -3,817 -2,762 -2,988 -61.1 50 Feb 14, 2024 IFRS
Dec, 2024 Guidance 196,600 7,400 6,600 5,000 104.4 50 Nov 8, 2024 IFRS
YoY +17.2% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 40,880 -472 -89 -226 -4.6 -1.2 Nov 9, 2023 IFRS
Oct - Dec, 2023 43,841 -3,403 -3,760 -3,563 -72.9 -7.8 Feb 14, 2024 IFRS
Jan - Mar, 2024 46,719 1,258 1,671 1,207 25.0 2.7 May 9, 2024 IFRS
Apr - Jun, 2024 52,942 3,008 4,336 3,051 63.1 5.7 Aug 6, 2024 IFRS
Jul - Sep, 2024 48,741 1,638 -693 10 0.2 3.4 Nov 8, 2024 IFRS
YoY +19.2% － -678.7% － －

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