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NICHIHA, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 27%

Fri Jan 31, 2025 4:20 pm JST Earnings

7943 NICHIHA CORPORATION 【J-GAAP】

Earnings Report

NICHIHA CORPORATION <7943> [TSE Prime] announced its financial results after the market closed on January 31st (16:20). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 26.5% from the same period last year to 6.22 billion yen. However, the progress rate toward the full-year plan of 7.3 billion yen was 85.2%, also surpassing the five-year average of 74.0%.

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 significant drop 68.2% from the same period last year to 1.07 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.98 billion yen, a 7.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.8% in the same period last year to 5.5%.

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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 103,694 8,409 9,238 6,530 178.3 72.1 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 107,824 7,671 8,471 5,624 155.3 71.4 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 112,155 5,585 6,223 3,767 108.8 85.2 Jan 31, 2025 J-GAAP
YoY +4.0% -27.2% -26.5% -33.0% -29.9%

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 74,382 6,401 6,598 4,731 131.1 57 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 75,481 3,565 4,065 2,671 78.5 57 Nov 7, 2024 J-GAAP
YoY +1.5% -44.3% -38.4% -43.5% -40.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 138,063 11,704 12,805 9,037 247.2 97 May 10, 2023 J-GAAP
Mar, 2024 142,790 10,205 11,856 8,066 223.6 114 May 9, 2024 J-GAAP
Mar, 2025 Guidance 148,500 7,000 7,300 4,500 132.3 114 Nov 7, 2024 J-GAAP
YoY +4.0% -31.4% -38.4% -44.2% -40.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 39,416 3,867 3,213 2,289 63.2 9.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 34,966 2,534 3,385 2,442 67.7 7.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 35,925 1,704 2,335 1,656 47.0 4.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 37,094 1,731 900 173 5.0 4.7 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 39,136 2,150 2,988 1,938 56.0 5.5 Jan 31, 2025 J-GAAP
YoY -0.7% -44.4% -7.0% -15.3% -11.4%

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