Nihon Enterprise, First Half Net Income Turns to Loss, Sep-Nov Net Income Decreases by 97%

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Fri Jan 10, 2025 4:00 pm JST Earnings

4829 Nihon Enterprise Co.,Ltd. 【J-GAAP】

Earnings Report

Nihon Enterprise Co.,Ltd. <4829> [TSE Std] announced its financial results after the market closed on January 10th (16:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending May 2025 (June to November) turned into a loss of 8 million yen (compared to a profit of 94 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 net income for the December to May period (2H) is expected to expand 67.8% from the same period last year, reaching 193 million yen.

In the most recent three-month period, from September to November (2Q), the consolidated net income significantly dropped to 2 million yen, a 97.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.4% in the same period last year to 1.0%.

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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
Jun - Nov, 2022	2,108	99	106	53	1.4	55.8	Jan 13, 2023	J-GAAP
Jun - Nov, 2023	2,202	118	131	94	2.5	47.1	Jan 12, 2024	J-GAAP
Jun - Nov, 2024	2,154	12	27	-8	-0.2	9.0	Jan 10, 2025	J-GAAP
YoY	-2.2%	-89.8%	-79.4%	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	ー	ー	ー	ー	－	0	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 Results	2,154	12	27	-8	-0.2	0	Jan 10, 2025	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
Dec - May, 2023	2,494	146	147	115	3.0	3	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	3,156	283	273	193	5.0	3	Jan 10, 2025	J-GAAP
YoY	+26.5%	+93.8%	+85.7%	+67.8%	+67.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	4,210	180	190	103	2.7	2	Jul 14, 2023	J-GAAP
May, 2024	4,696	264	278	209	5.4	3	Jul 12, 2024	J-GAAP
May, 2025 Guidance	5,310	295	300	185	4.8	3	Jul 12, 2024	J-GAAP
YoY	+13.1%	+11.7%	+7.9%	-11.5%	-11.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	1,121	72	83	67	1.8	6.4	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,243	78	79	66	1.7	6.3	Apr 5, 2024	J-GAAP
Mar - May, 2024	1,251	68	68	49	1.3	5.4	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	1,069	1	8	-10	-0.3	0.1	Oct 4, 2024	J-GAAP
Sep - Nov, 2024	1,085	11	19	2	0.1	1.0	Jan 10, 2025	J-GAAP
YoY	-3.2%	-84.7%	-77.1%	-97.0%	-97.1%