NANSIN CO., LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 71%

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Fri Nov 8, 2024 4:00 pm JST Earnings

7399 NANSIN CO., LTD. 【J-GAAP】

Earnings Report

NANSIN CO., LTD. <7399> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 88 million yen (compared to a profit of 114 million yen in the same period last year).

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 surge by 3.3 times that of the same period last year, reaching 438 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 22 million yen, a 71.1% decrease compared to the same period last year. The operating profit/loss margin worsened from 2.0% in the same period last year to -0.4%.

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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	4,608	-40	-21	-89	-13.2	ー	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	4,132	81	114	63	9.4	46.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	4,733	-117	-88	-72	-11.0	ー	Nov 8, 2024	J-GAAP
YoY	+14.5%	－	－	－	－

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	ー	ー	ー	ー	－	10	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	4,733	-117	-88	-72	-11.0	10	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	4,783	118	132	92	13.8	10	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,267	417	438	322	48.3	10	Nov 8, 2024	J-GAAP
YoY	+10.1%	+253.4%	+231.8%	+250.0%	+249.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,808	208	329	593	87.7	20	May 12, 2023	J-GAAP
Mar, 2024	8,915	199	246	155	23.3	20	May 10, 2024	J-GAAP
Mar, 2025 Guidance	10,000	300	350	250	37.5	20	May 10, 2024	J-GAAP
YoY	+12.2%	+50.8%	+42.3%	+61.3%	+60.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,070	41	76	66	9.9	2.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,338	81	89	63	9.5	3.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	2,445	37	43	29	4.4	1.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,187	-108	-110	-97	-14.6	-4.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,546	-9	22	25	3.8	-0.4	Nov 8, 2024	J-GAAP
YoY	+23.0%	－	-71.1%	-62.1%	-61.5%