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NISSHIN GROUP HOLDINGS Company,Limited, First Half Ordinary Profit Turns to Profit

Mon Nov 11, 2024 3:00 pm JST Earnings

8881 NISSHIN GROUP HOLDINGS Company,Limited 【J-GAAP】

Earnings Report

NISSHIN GROUP HOLDINGS Company,Limited <8881> [TSE-P] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 301 million yen (compared to a loss of 594 million yen in the same period last year). However, The progress rate against the 3.4 billion yen full-year plan was 8.9%, also falling below the five-year average of 23.6%.

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 decrease by 20.0% from the same period last year to 3.09 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 470 million yen (compared to a loss of 175 million yen in the same period last year). The operating profit/loss margin significantly improved from -0.7% in the same period last year to 3.9%.

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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 30,003 436 300 241 5.2 7.4 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 25,206 -462 -594 -488 -10.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 26,943 475 301 154 3.3 8.9 Nov 11, 2024 J-GAAP
YoY +6.9%

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 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 26,943 475 301 154 3.3 0 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 55,817 3,990 3,818 2,593 55.5 23 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 55,057 3,225 3,099 2,046 43.8 23 Nov 11, 2024 J-GAAP
YoY -1.4% -19.2% -18.8% -21.1% -21.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 82,348 4,194 4,055 2,763 59.1 22 May 12, 2023 J-GAAP
Mar, 2024 81,023 3,528 3,224 2,105 45.0 23 May 10, 2024 J-GAAP
Mar, 2025 Guidance 82,000 3,700 3,400 2,200 47.1 23 May 10, 2024 J-GAAP
YoY +1.2% +4.9% +5.5% +4.5% +4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,708 -94 -175 -161 -3.5 -0.7 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 15,533 123 39 -35 -0.8 0.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 40,284 3,867 3,779 2,628 56.2 9.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 12,355 -98 -169 -176 -3.8 -0.8 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 14,588 573 470 330 7.1 3.9 Nov 11, 2024 J-GAAP
YoY +14.8%

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