kabutan
N225

66,020.04

+2.81%

TOPIX

3,881.96

+1.35%

USDJPY

160.35

+0.25%

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%.

Kabutan News

Actual Performance and Financial Trends

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
3,546M 81M 497M 378M 17.2 193.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023
3,162M 43M 314M 257M 11.7 70.1 Nov 13, 2023 J-GAAP
Apr - Sep, 2024
3,686M 228M -72M -99M -4.5 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 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 3,686M 228M -72M -99M -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
3,566M 209M 134M 133M 6.1 0 May 15, 2024 J-GAAP
Guidance
Oct - Mar, 2024
2,960M -58M 201M 212M 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
6,900M 181M 257M 175M 8.0 0 May 15, 2023 J-GAAP
Mar, 2024
6,728M 252M 448M 390M 17.7 0 May 15, 2024 J-GAAP
Guidance
Mar, 2025
6,646M 170M 129M 113M 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
1,716M 72M 179M 153M 7.0 4.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023
1,821M 61M -174M -153M -7.0 3.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024
1,745M 148M 308M 286M 13.0 8.5 May 15, 2024 J-GAAP
Apr - Jun, 2024
1,877M 96M 267M 215M 9.8 5.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024
1,809M 132M -339M -314M -14.4 7.3 Nov 13, 2024 J-GAAP
YoY +5.4% +83.3%