NIPPON SHINDO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 13%

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Wed Nov 13, 2024 3:30 pm JST Earnings

5753 NIPPON SHINDO CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON SHINDO CO.,LTD. <5753> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 792 million yen, an increase of 96.5% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward by 12.5%, from the previous forecast of 960 million yen to 1.08 billion yen (compared to 801 million yen in the previous period), increasing the growth rate from 19.9% to 34.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 27.6% from the same period last year to 288 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 9.5 times that of the same period last year, reaching 783 million yen. The operating profit margin improved from 5.2% in the same period last year to 7.0%.

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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	14,413	982	1,219	835	381.3	81.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	11,813	591	403	277	129.6	50.3	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	12,834	1,064	792	543	254.2	73.3	Nov 13, 2024	J-GAAP
YoY	+8.6%	+80.0%	+96.5%	+96.0%	+96.2%

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	－	5	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	12,834	1,064	792	543	254.2	5	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	24,400	960	960	670	313.5	15	May 13, 2024	J-GAAP
Mar, 2025 New	26,000	1,500	1,080	740	346.3	15	Nov 13, 2024	J-GAAP
Revision Rate	+6.6%	+56.3%	+12.5%	+10.4%	+10.4%

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	11,525	609	398	278	130.2	5	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	13,166	436	288	197	92.2	10	Nov 13, 2024	J-GAAP
YoY	+14.2%	-28.4%	-27.6%	-29.1%	-29.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	27,242	1,591	1,505	1,031	473.9	10	May 12, 2023	J-GAAP
Mar, 2024	23,338	1,200	801	555	259.9	10	May 13, 2024	J-GAAP
Mar, 2025 Guidance	26,000	1,500	1,080	740	346.3	15	Nov 13, 2024	J-GAAP
YoY	+11.4%	+25.0%	+34.8%	+33.3%	+33.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,511	286	82	56	26.2	5.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	5,645	330	403	278	130.1	5.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	5,880	279	-5	0	0.2	4.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	6,350	612	9	5	2.7	9.6	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	6,484	452	783	538	251.8	7.0	Nov 13, 2024	J-GAAP
YoY	+17.7%	+58.0%	+854.9%	+860.7%	+861.6%