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

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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%.

Kabutan News

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%	－	－	－