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Nippon Seisen, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 46%, Oct-Dec Ordinary Profit Increases by 73%

Thu Jan 30, 2025 3:40 pm JST Earnings

5659 Nippon Seisen Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Seisen Co., Ltd. <5659> [TSE Prime] announced its financial results after the market closed on January 30th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.58 billion yen, an increase 45.7% compared to the same period last year. However, the progress rate toward the full-year plan of 4.9 billion yen was 73.2%, almost the same as the five-year average of 73.5%.

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 for the January to March period (4Q) is expected to grow 6.2% from the same period last year, reaching 1.31 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 72.9% from the same period last year, reaching 1.24 billion yen. The operating profit margin significantly improved from 6.0% in the same period last year to 9.7%.

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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
Apr - Dec, 2022 37,215 3,366 3,488 2,429 79.2 80.8 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 33,143 2,312 2,462 1,712 55.9 66.6 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 35,480 3,495 3,586 2,467 80.4 73.2 Jan 30, 2025 J-GAAP
YoY +7.1% +51.2% +45.7% +44.1% +44.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 22,972 1,912 1,957 1,371 44.7 21 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,329 2,582 2,559 1,821 59.4 28 Oct 29, 2024 J-GAAP
YoY +5.9% +35.0% +30.8% +32.8% +32.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 49,055 4,179 4,317 3,086 100.7 42 Apr 27, 2023 J-GAAP
Mar, 2024 44,727 3,537 3,699 2,592 84.5 42 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 47,700 4,900 4,900 3,430 111.8 56 Sep 27, 2024 J-GAAP
YoY +6.6% +38.5% +32.5% +32.3% +32.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 11,388 687 720 491 16.0 6.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 11,584 1,225 1,237 880 28.7 10.6 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 11,542 1,166 1,204 827 27.0 10.1 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 11,829 1,152 1,137 782 25.5 9.7 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 12,109 1,177 1,245 858 28.0 9.7 Jan 30, 2025 J-GAAP
YoY +6.3% +71.3% +72.9% +74.7% +74.7%

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