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

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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%.

Kabutan News

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%