NISSIN CORPORATION, First Half Ordinary Profit Increases by 3%, July-September Ordinary Profit Increases by 13%

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Tue Nov 12, 2024 2:00 pm JST Earnings

9066 NISSIN CORPORATION 【J-GAAP】

Earnings Report

NISSIN CORPORATION <9066> [TSE-P] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 3.3% from the same period last year, reaching 4.97 billion yen. The progress rate against the 9.8 billion yen full-year plan was 50.8%, also surpassing the five-year average of 45.2%.

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 3.8% from the same period last year, reaching 4.82 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.3% from the same period last year, reaching 2.67 billion yen. The operating profit margin improved from 4.9% in the same period last year to 5.5%.

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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	107,557	7,675	8,277	5,852	301.1	60.7	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	82,359	4,125	4,815	3,641	188.2	50.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	93,452	4,543	4,974	7,743	509.0	50.8	Nov 12, 2024	J-GAAP
YoY	+13.5%	+10.1%	+3.3%	+112.7%	+170.5%

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	91,500	4,550	4,900	7,000	479.9	100	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	93,452	4,543	4,974	7,743	509.0	100	Nov 12, 2024	J-GAAP
Revision Rate	+2.1%	-0.2%	+1.5%	+10.6%	+6.1%

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	87,575	3,948	4,648	5,008	261.1	60	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	89,548	4,557	4,826	2,557	174.7	100	Nov 12, 2024	J-GAAP
YoY	+2.3%	+15.4%	+3.8%	-48.9%	-33.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	194,165	12,643	13,634	10,528	540.5	90	May 9, 2023	J-GAAP
Mar, 2024	169,934	8,073	9,463	8,649	450.9	110	May 9, 2024	J-GAAP
Mar, 2025 Guidance	183,000	9,100	9,800	10,300	703.9	200	May 9, 2024	J-GAAP
YoY	+7.7%	+12.7%	+3.6%	+19.1%	+56.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	41,294	2,025	2,359	1,866	96.4	4.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	41,531	2,271	2,775	1,781	92.5	5.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	46,044	1,677	1,873	3,227	168.2	3.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	47,114	2,001	2,301	6,083	382.2	4.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	46,338	2,542	2,673	1,660	109.1	5.5	Nov 12, 2024	J-GAAP
YoY	+12.2%	+25.5%	+13.3%	-11.0%	+13.2%