Nippon Shinyaku, The Current Fiscal Year Net Income Revised Upward by 5%, Raises Record High Profit Forecast

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Fri Feb 7, 2025 12:00 pm JST Earnings

4516 Nippon Shinyaku Co.,Ltd. 【IFRS】

Earnings Report

Nippon Shinyaku Co.,Ltd. <4516> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on February 7th. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.0% from the same period last year, reaching 28.5 billion yen.

In addition, the full-year consolidated net income has been revised upward 5.0%, from the previous forecast of 30 billion yen to 31.5 billion yen (compared to 25.8 billion yen in the previous period), increasing the growth rate from 16.0% to 21.9%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 11.0%, from the previous forecast of 13.6 billion yen to 15.1 billion yen (compared to 9.67 billion yen in the same period of the previous year), increasing the growth rate from 40.8% to 56.4%.

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 55.6% from the same period last year, reaching 12.1 billion yen. The operating profit margin jumped from 24.3% in the same period last year to 35.5%.

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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	109,919	27,987	28,422	22,674	336.7	93.2	Feb 10, 2023	IFRS
Apr - Dec, 2023	112,728	30,450	30,973	24,002	356.4	92.1	Feb 9, 2024	IFRS
Apr - Dec, 2024	121,320	32,752	33,438	28,552	423.9	91.4	Feb 7, 2025	IFRS
YoY	+7.6%	+7.6%	+8.0%	+19.0%	+19.0%

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	77,668	15,133	15,402	13,627	202.2	62	Nov 13, 2024	IFRS
Oct - Mar, 2024 New	80,668	18,133	18,402	15,127	224.5	62	Feb 7, 2025	IFRS
Revision Rate	+3.9%	+19.8%	+19.5%	+11.0%	+11.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	157,000	33,000	33,600	30,000	445.2	124	Nov 13, 2024	IFRS
Mar, 2025 New	160,000	36,000	36,600	31,500	467.5	124	Feb 7, 2025	IFRS
Revision Rate	+1.9%	+9.1%	+8.9%	+5.0%	+5.0%

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	74,941	12,417	12,470	9,675	143.7	62	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	80,668	18,133	18,402	15,127	224.5	62	Feb 7, 2025	IFRS
YoY	+7.6%	+46.0%	+47.6%	+56.4%	+56.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	144,175	30,049	30,489	22,812	338.7	114	May 11, 2023	IFRS
Mar, 2024	148,255	33,295	33,616	25,851	383.8	124	May 10, 2024	IFRS
Mar, 2025 Guidance	160,000	36,000	36,600	31,500	467.5	124	Feb 7, 2025	IFRS
YoY	+7.9%	+8.1%	+8.9%	+21.9%	+21.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	39,414	9,572	9,827	7,826	116.2	24.3	Feb 9, 2024	IFRS
Jan - Mar, 2024	35,527	2,845	2,643	1,849	27.5	8.0	May 10, 2024	IFRS
Apr - Jun, 2024	39,131	11,078	11,411	10,264	152.4	28.3	Aug 7, 2024	IFRS
Jul - Sep, 2024	40,201	6,789	6,787	6,109	90.7	16.9	Nov 13, 2024	IFRS
Oct - Dec, 2024	41,988	14,885	15,240	12,179	180.8	35.5	Feb 7, 2025	IFRS
YoY	+6.5%	+55.5%	+55.1%	+55.6%	+55.6%