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

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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%	－	－