Nippon Shikizai, Sep-Nov (3Q) Ordinary Profit Turns to Loss

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Tue Jan 14, 2025 4:30 pm JST Earnings

4920 Nippon Shikizai, Inc. 【J-GAAP】

Earnings Report

Nippon Shikizai, Inc. <4920> [TSE Std] announced its financial results after the market closed on January 14th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 20.4% from the same period last year, reaching 337 million yen. The progress rate toward the full-year plan of 462 million yen was 72.9%, exceeding the five-year average of 70.2%.

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 for the December to February period (4Q) is expected to decrease 1.6% from the same period last year to 125 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit/loss turned to a loss of 87 million yen (compared to a profit of 8 million yen in the same period last year). The operating profit/loss margin worsened from 0.5% in the same period last year to -1.1%.

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	8,468	82	71	96	46.1	48.0	Jan 11, 2023	J-GAAP
Mar - Nov, 2023	11,055	306	280	256	122.6	68.8	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	13,351	446	337	198	94.7	72.9	Jan 14, 2025	J-GAAP
YoY	+20.8%	+45.8%	+20.4%	-22.7%	-22.7%

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	7,695	155	135	181	86.4	20	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	8,316	104	38	-22	-10.5	20	Oct 11, 2024	J-GAAP
YoY	+8.1%	-32.9%	-71.9%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	11,760	161	148	246	117.5	0	Apr 12, 2023	J-GAAP
Feb, 2024	15,050	441	407	398	190.0	20	Apr 11, 2024	J-GAAP
Feb, 2025 Guidance	17,821	593	462	230	109.7	20	Oct 11, 2024	J-GAAP
YoY	+18.4%	+34.5%	+13.5%	-42.2%	-42.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	3,700	20	8	39	18.7	0.5	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	3,995	135	127	142	67.8	3.4	Apr 11, 2024	J-GAAP
Mar - May, 2024	4,931	276	262	146	69.9	5.6	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	4,574	213	162	106	50.8	4.7	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	3,846	-43	-87	-54	-25.8	-1.1	Jan 14, 2025	J-GAAP
YoY	+3.9%	－	－	－	－