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

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%

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