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NISSIN SHOJI CO., LTD., First Half Ordinary Profit Decreases by 49%, July-September Ordinary Profit Decreases by 92%

Mon Nov 11, 2024 2:00 pm JST Earnings

7490 NISSIN SHOJI CO., LTD. 【J-GAAP】

Earnings Report

NISSIN SHOJI CO., LTD. <7490> [TSE-S] announced its financial results in the afternoon session on November 11th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 48.6% from the same period last year to 246 million yen. The progress rate against the 550 million yen full-year plan was 44.7%, also falling below the five-year average of 54.4%.

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 11.4% from the same period last year, reaching 304 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 23 million yen, a 92.5% decrease compared to the same period last year. The operating profit margin worsened from 2.4% in the same period last year to 1.2%.

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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 19,445 478 639 309 46.3 67.1 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 19,625 296 479 309 46.3 63.7 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 19,369 222 246 39 5.9 44.7 Nov 11, 2024 J-GAAP
YoY -1.3% -25.0% -48.6% -87.4% -87.4%

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 － 9 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 19,369 222 246 39 5.9 9 Nov 11, 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 19,107 210 273 -12 -1.8 12 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,631 128 304 211 31.6 11 Nov 11, 2024 J-GAAP
YoY +13.2% -39.0% +11.4% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,897 640 952 286 43.0 21 May 11, 2023 J-GAAP
Mar, 2024 38,732 506 752 297 44.5 21 May 10, 2024 J-GAAP
Mar, 2025 Guidance 41,000 350 550 250 37.5 20 May 10, 2024 J-GAAP
YoY +5.9% -30.8% -26.9% -15.8% -15.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,830 259 306 227 34.0 2.4 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 10,260 274 313 170 25.5 2.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8,847 -64 -40 -182 -27.3 -0.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,309 103 223 105 15.8 1.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,060 119 23 -66 -9.9 1.2 Nov 11, 2024 J-GAAP
YoY -7.1% -54.1% -92.5% － －

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