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Nihon Seimitsu Co.,Ltd., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Wed Nov 13, 2024 4:00 pm JST Earnings

7771 Nihon Seimitsu Co.,Ltd. 【J-GAAP】

Earnings Report

Nihon Seimitsu Co.,Ltd. <7771> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 72 million yen (compared to a profit of 314 million yen in the same period last year).

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 expand by 50.0% from the same period last year, reaching 201 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 339 million yen (compared to a profit of 179 million yen in the same period last year). However, the operating profit margin significantly improved from 4.2% in the same period last year to 7.3%.

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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 3,546 81 497 378 17.2 193.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 3,162 43 314 257 11.7 70.1 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 3,686 228 -72 -99 -4.5 ー Nov 13, 2024 J-GAAP
YoY +16.6% +430.2% － － －

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 － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 3,686 228 -72 -99 -4.5 0 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 3,566 209 134 133 6.1 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,960 -58 201 212 9.6 0 Nov 13, 2024 J-GAAP
YoY -17.0% － +50.0% +59.4% +59.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,900 181 257 175 8.0 0 May 15, 2023 J-GAAP
Mar, 2024 6,728 252 448 390 17.7 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 6,646 170 129 113 5.1 0 May 15, 2024 J-GAAP
YoY -1.2% -32.5% -71.2% -71.0% -71.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,716 72 179 153 7.0 4.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,821 61 -174 -153 -7.0 3.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,745 148 308 286 13.0 8.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,877 96 267 215 9.8 5.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,809 132 -339 -314 -14.4 7.3 Nov 13, 2024 J-GAAP
YoY +5.4% +83.3% － － －

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