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NISSAN TOKYO SALES HOLDINGS CO., LTD., First Half Ordinary Profit Decreases by 10%

Wed Nov 13, 2024 3:30 pm JST Earnings

8291 NISSAN TOKYO SALES HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

NISSAN TOKYO SALES HOLDINGS CO., LTD. <8291> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 9.6% from the same period last year to 3.76 billion yen. However, The progress rate against the 7 billion yen full-year plan was 53.8%, also surpassing the five-year average of 38.1%.

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 22.9% from the same period last year to 3.23 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.94 billion yen, a 17.1% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 5.8%.

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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 66,681 3,090 3,001 1,844 27.8 49.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 74,358 4,393 4,170 2,443 36.8 49.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 70,043 3,796 3,768 2,485 37.4 53.8 Nov 13, 2024 J-GAAP
YoY -5.8% -13.6% -9.6% +1.7% +1.7%

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 12 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 70,043 3,796 3,768 2,485 37.4 12 Nov 13, 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 74,614 4,316 4,194 4,894 73.7 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 79,957 3,704 3,232 2,015 33.9 12 Nov 13, 2024 J-GAAP
YoY +7.2% -14.2% -22.9% -58.8% -54.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 137,659 6,399 6,090 3,261 49.2 15 May 12, 2023 J-GAAP
Mar, 2024 148,972 8,709 8,364 7,337 110.5 24 May 15, 2024 J-GAAP
Mar, 2025 Guidance 150,000 7,500 7,000 4,500 75.7 24 May 15, 2024 J-GAAP
YoY +0.7% -13.9% -16.3% -38.7% -31.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 38,711 2,566 2,351 1,009 15.2 6.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 36,897 2,311 2,343 4,026 60.6 6.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 37,717 2,005 1,851 868 13.1 5.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 34,355 1,725 1,820 1,180 17.8 5.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 35,688 2,071 1,948 1,305 19.7 5.8 Nov 13, 2024 J-GAAP
YoY -7.8% -19.3% -17.1% +29.3% +29.3%

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