NISSEN, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 73%, Exceeds Full-Year Plan

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Tue Jan 14, 2025 3:30 pm JST Earnings

6543 NISSEN INC. 【J-GAAP】

Earnings Report

NISSEN INC. <6543> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) expanded 326 million yen, an increase 73.4% compared to the same period last year. The progress rate toward the full-year plan of 315 million yen is 103.5%, already exceeding the target and also exceeding the five-year average of 78.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to February period (4Q) is expected to turn into a loss of 11 million yen (compared to a profit of 97 million yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit increased 44.0% from the same period last year, reaching 167 million yen. The operating profit margin improved from 8.5% in the same period last year to 11.0%.

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
Mar - Nov, 2022	3,849	269	262	180	48.4	75.9	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	3,885	199	188	132	35.0	66.0	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	4,054	310	326	192	50.7	103.5	Jan 14, 2025	J-GAAP
YoY	+4.4%	+55.8%	+73.4%	+45.5%	+45.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	2,723	219	213	144	38.2	26	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	3,362	166	156	138	36.2	27	Oct 11, 2024	J-GAAP
YoY	+23.5%	-24.2%	-26.8%	-4.2%	-5.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	5,058	320	345	244	65.5	21	Apr 12, 2023	J-GAAP
Feb, 2024	5,224	300	285	197	52.2	26	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	6,000	320	315	215	56.4	27	Apr 12, 2024	J-GAAP
YoY	+14.9%	+6.7%	+10.5%	+9.1%	+7.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	1,384	118	116	79	20.9	8.5	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,339	101	97	65	17.2	7.5	Apr 12, 2024	J-GAAP
Mar - May, 2024	1,463	117	119	81	21.6	8.0	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	1,175	37	40	-4	-1.1	3.1	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	1,416	156	167	115	30.4	11.0	Jan 14, 2025	J-GAAP
YoY	+2.3%	+32.2%	+44.0%	+45.6%	+45.3%