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NIHON SEIKAN, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss, Dividend Revised down by 10 yen

Fri Jan 31, 2025 5:00 pm JST Earnings

5905 NIHON SEIKAN K.K 【J-GAAP】

Earnings Report

NIHON SEIKAN K.K <5905> [TSE Std] announced its financial results after the market closed on January 31st (17:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 301 million yen (compared to a profit of 313 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 11 million yen to a loss of 488 million yen (compared to a profit of 323 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (2H) has been revised downward from an expected profit of 82 million yen to a loss of 417 million yen (compared to a profit of 96 million yen in the same period of the previous year), turning to a loss outlook.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 30 yen to 20 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 230 million yen (compared to a profit of 86 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.1% in the same period last year to -8.9%.

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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 8,103 103 148 195 143.9 55.2 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 9,211 262 313 238 175.6 96.9 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 8,755 -359 -301 -827 -616.3 ー Jan 31, 2025 J-GAAP
YoY -5.0% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 6,427 59 82 131 97.9 30 Nov 5, 2024 J-GAAP
Oct - Mar, 2024 New 5,112 -427 -417 -310 -231.8 20 Jan 31, 2025 J-GAAP
Revision Rate -20.5% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 12,395 -52 11 67 50.1 30 Apr 30, 2024 J-GAAP
Mar, 2025 New 11,080 -538 -488 -374 -279.6 20 Jan 31, 2025 J-GAAP
Revision Rate -10.6% -934.6% － － －

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 6,254 62 96 126 92.9 70 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,112 -427 -417 -310 -231.8 20 Jan 31, 2025 J-GAAP
YoY -18.3% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,919 213 268 289 213.3 70 May 1, 2023 J-GAAP
Mar, 2024 12,248 256 323 271 199.8 70 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 11,080 -538 -488 -374 -279.6 20 Jan 31, 2025 J-GAAP
YoY -9.5% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,217 68 86 93 68.6 2.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 3,037 -6 10 33 24.3 -0.2 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 3,356 67 96 52 38.9 2.0 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 2,612 -178 -167 -116 -87.1 -6.8 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 2,787 -248 -230 -763 -568.6 -8.9 Jan 31, 2025 J-GAAP
YoY -13.4% － － － －

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