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

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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	6,110	5,519	4,423	91.6	83.6	Nov 8, 2024	IFRS
YoY	+19.8%	－	+453.0%	+669.2%	+678.9%

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	3,695	3,353	2,237	46.7	25	Aug 6, 2024	IFRS
Jul - Dec, 2024 New	96,939	2,995	453	637	13.3	25	Nov 8, 2024	IFRS
Revision Rate	0.0%	-18.9%	-86.5%	-71.5%	-71.5%

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	2,995	453	637	13.3	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	1,301	1,715	1,240	25.7	2.8	May 9, 2024	IFRS
Apr - Jun, 2024	52,942	3,104	4,432	3,123	64.6	5.9	Aug 6, 2024	IFRS
Jul - Sep, 2024	48,741	1,705	-628	60	1.2	3.5	Nov 8, 2024	IFRS
YoY	+19.2%	－	-605.6%	－	－