NIKKISO CO.,LTD., January-September (Third Quarter Cumulative) Net Income Decreases by 33%, July-September Net Income Turns to Loss

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Thu Nov 14, 2024 3:00 pm JST Earnings

6376 NIKKISO CO.,LTD. 【IFRS】

Earnings Report

NIKKISO CO.,LTD. <6376> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 14th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 33.2% from the same period last year to 4.18 billion yen. The progress rate against the 8.8 billion yen full-year plan was 47.6%, also falling below the same period of the previous year of 69.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to expand by 64.5% from the same period last year, reaching 4.61 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a loss of 1.76 billion yen (compared to a profit of 2.39 billion yen in the same period last year). The operating profit margin worsened from 3.6% in the same period last year to 2.0%.

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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	131,204	35,330	34,755	14,923	210.5	106.3	Nov 14, 2022	IFRS
Jan - Sep, 2023	133,499	1,700	8,582	6,268	94.7	73.8	Nov 13, 2023	IFRS
Jan - Sep, 2024	151,708	3,739	4,622	4,188	63.3	43.2	Nov 14, 2024	IFRS
YoY	+13.6%	+119.9%	-46.1%	-33.2%	-33.2%

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	105,410	5,859	6,182	5,198	78.6	15	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	110,324	4,264	3,595	2,848	43.0	15	Aug 14, 2024	IFRS
YoY	+4.7%	-27.2%	-41.8%	-45.2%	-45.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	177,109	34,222	32,682	13,639	195.2	25	Feb 14, 2023	IFRS
Dec, 2023	192,629	5,885	11,626	9,071	137.1	27.50	Feb 14, 2024	IFRS
Dec, 2024 Guidance	213,000	7,000	10,700	8,800	132.8	30	Aug 14, 2024	IFRS
YoY	+10.6%	+18.9%	-8.0%	-3.0%	-3.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	46,280	1,674	3,138	2,395	36.2	3.6	Nov 13, 2023	IFRS
Oct - Dec, 2023	59,130	4,185	3,044	2,803	42.4	7.1	Feb 14, 2024	IFRS
Jan - Mar, 2024	48,251	1,298	3,315	2,826	42.7	2.7	May 15, 2024	IFRS
Apr - Jun, 2024	54,425	1,438	3,790	3,126	47.2	2.6	Aug 14, 2024	IFRS
Jul - Sep, 2024	49,032	1,003	-2,483	-1,764	-26.7	2.0	Nov 14, 2024	IFRS
YoY	+5.9%	-40.1%	－	－	－