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

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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	ー	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	ー	ー	ー	ー	－	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	4,041	3,873	2,651	56.7	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%	-20.2%	-20.0%	-22.8%	-22.9%

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	3,579	3,279	2,163	46.3	23	May 10, 2024	J-GAAP
Mar, 2025 Guidance	82,000	3,700	3,400	2,200	47.0	23	May 10, 2024	J-GAAP
YoY	+1.2%	+3.4%	+3.7%	+1.7%	+1.6%

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	3,918	3,834	2,686	57.5	9.7	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%	－	－	－	－