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

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 2,557 174.2 100 Nov 12, 2024 J-GAAP
YoY +2.3% +15.4% +3.8% -48.9% -33.3%

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 10,300 701.5 200 May 9, 2024 J-GAAP
YoY +7.7% +12.7% +3.6% +19.1% +55.6%

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%

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