NITTO SEIMO, First Half Ordinary Profit Increases by 4%, Aug-Oct Ordinary Profit Increases by 8%

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Fri Dec 13, 2024 4:00 pm JST Earnings

3524 NITTO SEIMO CO., LTD. 【J-GAAP】

Earnings Report

NITTO SEIMO CO., LTD. <3524> [TSE Std] announced its financial results after the market closed on December 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) increased 4.2% from the same period last year, reaching 493 million yen. The progress rate toward the full-year plan of 550 million yen was 89.6%, also surpassing the five-year average of 40.2%.

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 November to April period (second half) is expected to significant drop 84.3% from the same period last year to 57 million yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit grew 7.8% from the same period last year, reaching 333 million yen. The operating profit margin improved from 3.8% in the same period last year to 6.0%.

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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
May - Oct, 2022	8,500	-10	190	121	46.9	38.3	Dec 13, 2022	J-GAAP
May - Oct, 2023	9,983	155	473	295	113.8	56.6	Dec 12, 2023	J-GAAP
May - Oct, 2024	10,444	449	493	356	137.4	89.6	Dec 13, 2024	J-GAAP
YoY	+4.6%	+189.7%	+4.2%	+20.7%	+20.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Guidance	ー	ー	ー	ー	－	0	Jun 13, 2024	J-GAAP
May - Oct, 2024 Results	10,444	449	493	356	137.4	0	Dec 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
Nov - Apr, 2023	10,916	276	363	251	96.9	50	Jun 13, 2024	J-GAAP
Nov - Apr, 2024 Guidance	10,556	51	57	-6	-2.3	50	Dec 13, 2024	J-GAAP
YoY	-3.3%	-81.5%	-84.3%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	19,300	275	496	50	19.6	50	Jun 9, 2023	J-GAAP
Apr, 2024	20,899	431	836	546	210.9	50	Jun 13, 2024	J-GAAP
Apr, 2025 Guidance	21,000	500	550	350	135.0	50	Jun 13, 2024	J-GAAP
YoY	+0.5%	+16.0%	-34.2%	-35.9%	-36.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	5,494	209	309	229	88.4	3.8	Dec 12, 2023	J-GAAP
Nov - Jan, 2023	4,073	-145	-136	-125	-48.2	-3.6	Apr 10, 2024	J-GAAP
Feb - Apr, 2024	6,843	421	499	376	145.2	6.2	Jun 13, 2024	J-GAAP
May - Jul, 2024	4,593	97	160	130	50.3	2.1	Sep 13, 2024	J-GAAP
Aug - Oct, 2024	5,851	352	333	226	87.2	6.0	Dec 13, 2024	J-GAAP
YoY	+6.5%	+68.4%	+7.8%	-1.3%	-1.3%