NIHON TRIM.,CO.LTD., July-September (2Q) Ordinary Profit Decreases by 3%

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Tue Nov 12, 2024 3:30 pm JST Earnings

6788 NIHON TRIM.,CO.LTD. 【J-GAAP】

Earnings Report

NIHON TRIM.,CO.LTD. <6788> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.5% from the same period last year, reaching 1.94 billion yen. The progress rate against the 3.7 billion yen full-year plan was 52.7%, it was below the five-year average of 73.8%.

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 19.7% from the same period last year, reaching 1.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.13 billion yen, a 3.2% decrease compared to the same period last year. The operating profit margin decreased from 20.0% in the same period last year to 18.4%.

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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	9,081	1,220	1,294	847	110.6	51.5	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	10,452	1,686	1,764	1,193	155.8	54.7	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	11,361	1,856	1,949	1,306	170.4	52.7	Nov 12, 2024	J-GAAP
YoY	+8.7%	+10.1%	+10.5%	+9.5%	+9.4%

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	11,250	1,720	1,790	1,260	164.4	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	11,361	1,856	1,949	1,306	170.4	0	Nov 12, 2024	J-GAAP
Revision Rate	+1.0%	+7.9%	+8.9%	+3.7%	+3.7%

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	9,962	1,394	1,463	957	124.9	85	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,439	1,714	1,751	1,164	151.9	95	Nov 12, 2024	J-GAAP
YoY	+14.8%	+23.0%	+19.7%	+21.6%	+21.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,951	2,378	2,515	1,646	214.8	120	May 11, 2023	J-GAAP
Mar, 2024	20,414	3,080	3,227	2,150	280.5	85	May 14, 2024	J-GAAP
Mar, 2025 Guidance	22,800	3,570	3,700	2,470	322.3	95	May 14, 2024	J-GAAP
YoY	+11.7%	+15.9%	+14.7%	+14.9%	+14.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,656	1,132	1,172	768	100.3	20.0	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	5,166	786	816	517	67.5	15.2	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	4,796	608	647	440	57.4	12.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,459	772	814	568	74.2	14.1	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	5,902	1,084	1,135	738	96.3	18.4	Nov 12, 2024	J-GAAP
YoY	+4.3%	-4.2%	-3.2%	-3.9%	-4.0%