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NITTO SEIKO CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 23%, July-September Ordinary Profit Increases by 70%

Wed Nov 13, 2024 3:30 pm JST Earnings

5957 NITTO SEIKO CO.,LTD. 【J-GAAP】

Earnings Report

NITTO SEIKO CO.,LTD. <5957> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 23.4% from the same period last year, reaching 2.37 billion yen. However, The progress rate against the 3.5 billion yen full-year plan was 67.9%, almost the same as the five-year average of 69.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 23.5% from the same period last year, reaching 1.12 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 70.4% from the same period last year, reaching 767 million yen. The operating profit margin improved from 3.8% in the same period last year to 6.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 32,265 1,809 2,155 1,613 43.7 66.6 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 33,217 1,702 1,926 1,122 30.4 67.9 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 34,019 2,259 2,377 1,467 40.2 67.9 Nov 13, 2024 J-GAAP
YoY +2.4% +32.7% +23.4% +30.7% +32.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 22,297 1,316 1,359 901 24.4 9 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 25,806 1,806 1,890 1,093 30.2 9.50 Aug 8, 2024 J-GAAP
YoY +15.7% +37.2% +39.1% +21.3% +23.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 44,021 2,931 3,235 1,828 49.5 16 Feb 14, 2023 J-GAAP
Dec, 2023 44,744 2,614 2,835 1,734 47.0 18 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 48,200 3,300 3,500 2,100 57.9 19 Feb 13, 2024 J-GAAP
YoY +7.7% +26.2% +23.5% +21.1% +23.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,770 404 450 289 7.8 3.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 11,527 912 909 612 16.6 7.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 10,717 655 711 472 12.9 6.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,677 839 899 535 14.6 7.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 11,625 765 767 460 12.6 6.6 Nov 13, 2024 J-GAAP
YoY +7.9% +89.4% +70.4% +59.2% +60.9%

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