NIPPON SEIRO CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 13 times

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Thu Nov 14, 2024 3:30 pm JST Earnings

5010 NIPPON SEIRO CO., LTD. 【J-GAAP】

Earnings Report

NIPPON SEIRO CO., LTD. <5010> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 1.32 billion yen (compared to a loss of 805 million yen in the same period last year). The progress rate against the 1.4 billion yen full-year plan was 94.6%.

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 surge by 3.8 times that of the same period last year, reaching 76 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 13 times that of the same period last year, reaching 398 million yen. The operating profit margin drastically improved from 1.6% in the same period last year to 10.5%.

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	30,090	-734	-739	-838	-42.5	ー	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	15,763	-687	-805	-1,261	-63.9	ー	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	16,448	1,745	1,324	1,303	66.0	94.6	Nov 14, 2024	J-GAAP
YoY	+4.3%	－	－	－	－

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	11,280	223	50	76	3.9	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	10,307	707	474	445	22.5	0	Aug 14, 2024	J-GAAP
YoY	-8.6%	+217.0%	+848.0%	+485.5%	+485.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	38,457	-2,043	-2,263	-2,368	-119.9	2.50	Feb 14, 2023	J-GAAP
Dec, 2023	21,704	-552	-785	-1,221	-61.9	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	21,500	1,900	1,400	1,300	65.8	0	Aug 14, 2024	J-GAAP
YoY	-0.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,339	88	30	36	1.8	1.6	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	5,941	135	20	40	2.0	2.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,329	394	241	218	11.1	7.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,864	799	685	637	32.3	13.6	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	5,255	552	398	448	22.7	10.5	Nov 14, 2024	J-GAAP
YoY	-1.6%	+527.3%	+1,226.7%	+1,144.4%	+1,146.7%