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NISSEI PLASTIC INDUSTRIAL CO.,LTD., First Half Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 75%

Fri Nov 8, 2024 4:00 pm JST Earnings

6293 NISSEI PLASTIC INDUSTRIAL CO.,LTD. 【J-GAAP】

Earnings Report

NISSEI PLASTIC INDUSTRIAL CO.,LTD. <6293> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 32.0% from the same period last year to 544 million yen. The progress rate against the 1.15 billion yen full-year plan was 47.3%, also falling below the five-year average of 56.7%.

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 grow by 12.2% from the same period last year, reaching 606 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 52 million yen, a 74.8% decrease compared to the same period last year. The operating profit margin worsened from 2.4% in the same period last year to 1.5%.

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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 24,977 1,918 2,023 1,476 64.6 67.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 22,580 -7 180 -230 29.2 56.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 22,105 151 193 62 16.5 16.8 Nov 8, 2024 J-GAAP
YoY -2.1% － +7.2% － -43.5%

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 19,500 250 350 150 7.9 15 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 22,105 151 193 62 16.5 15 Nov 8, 2024 J-GAAP
Revision Rate +13.4% -39.6% -44.9% -58.7% +109.1%

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 24,488 712 141 -272 -14.2 20 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,395 899 957 538 28.0 20 Nov 8, 2024 J-GAAP
YoY -4.5% +26.3% +578.7% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,205 3,249 2,995 2,225 94.1 35 May 12, 2023 J-GAAP
Mar, 2024 47,068 705 321 -502 -26.2 35 May 14, 2024 J-GAAP
Mar, 2025 Guidance 45,500 1,050 1,150 600 31.2 35 May 14, 2024 J-GAAP
YoY -3.3% +48.9% +258.3% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,078 -304 -382 -630 8.6 -2.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 11,476 501 257 -44 -2.3 4.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 13,012 211 -116 -228 -11.9 1.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,748 93 269 -43 -2.3 1.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 12,357 58 -76 105 27.9 0.5 Nov 8, 2024 J-GAAP
YoY +2.3% － +80.1% － +223.4%

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