NICHIREI, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 7%

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Tue Feb 4, 2025 3:30 pm JST Earnings

2871 NICHIREI CORPORATION 【J-GAAP】

Earnings Report

NICHIREI CORPORATION <2871> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 6.9% from the same period last year, reaching 33 billion yen. The progress rate toward the full-year plan of 41.2 billion yen was 80.3%, almost the same as the five-year average of 81.3%.

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 11.2% from the same period last year, reaching 8.12 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 12.4 billion yen, a 2.8% decrease compared to the same period last year. The operating profit margin worsened from 6.8% in the same period last year to 6.4%.

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
Apr - Dec, 2022	501,107	25,288	25,780	16,826	65.0	77.1	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	514,409	29,786	30,951	20,084	78.6	80.9	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	534,841	31,754	33,080	20,575	80.7	80.3	Feb 4, 2025	J-GAAP
YoY	+4.0%	+6.6%	+6.9%	+2.4%	+2.6%

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	347,880	19,513	20,095	12,805	50.1	18.50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	352,792	20,816	20,559	13,124	52.4	25.50	Nov 5, 2024	J-GAAP
YoY	+1.4%	+6.7%	+2.3%	+2.5%	+4.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	662,204	32,935	33,448	21,568	83.6	26	May 9, 2023	J-GAAP
Mar, 2024	680,091	36,911	38,255	24,495	95.9	37	May 14, 2024	J-GAAP
Mar, 2025 Guidance	700,000	40,500	41,200	26,000	103.8	46	Nov 5, 2024	J-GAAP
YoY	+2.9%	+9.7%	+7.7%	+6.1%	+8.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	182,198	12,388	12,791	8,394	32.9	6.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	165,682	7,125	7,304	4,411	17.3	4.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	171,157	9,541	10,332	6,444	25.2	5.6	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	176,051	10,143	10,309	6,432	25.2	5.8	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	187,633	12,070	12,439	7,699	30.2	6.4	Feb 4, 2025	J-GAAP
YoY	+3.0%	-2.6%	-2.8%	-8.3%	-8.2%