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NIPPON SEIKI, Apr-Dec (Cumulative 3Q) Net Income Decreases by 45%, Oct-Dec Net Income Decreases by 39%

Fri Feb 7, 2025 3:30 pm JST Earnings

7287 NIPPON SEIKI CO.,LTD. 【IFRS】

Earnings Report

NIPPON SEIKI CO.,LTD. <7287> [TSE Std] announced its financial results (based on IFRS) after the market closed on February 7th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 45.2% from the same period last year to 2.36 billion yen. The progress rate toward the full-year plan of 6.6 billion yen was 35.9%, also falling below the same period of the previous year of 81.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to surge 4.3 times that of the same period last year, reaching 4.23 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 1.61 billion yen, a 38.8% decrease compared to the same period last year. However, the operating profit margin improved from 2.3% in the same period last year to 2.9%.

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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 199,525 1,475 2,665 -1,089 -18.1 41.8 Feb 10, 2023 IFRS
Apr - Dec, 2023 229,646 6,639 11,657 4,321 71.6 83.7 Feb 9, 2024 IFRS
Apr - Dec, 2024 227,800 5,626 4,809 2,367 40.3 Feb 7, 2025 IFRS
YoY -0.8% -15.3% -58.7% -45.2% -43.7%

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 162,163 3,693 4,577 3,623 60.2 25 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 157,553 5,855 5,850 102.0 25 Nov 11, 2024 IFRS
YoY -2.8% +58.5% +61.5% +69.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 275,776 2,727 6,377 1,306 21.7 40 May 15, 2023 IFRS
Mar, 2024 312,355 8,484 13,929 5,300 88.0 45 May 15, 2024 IFRS
Mar, 2025 Guidance 310,000 9,300 6,600 115.1 50 May 15, 2024 IFRS
YoY -0.8% +9.6% +24.5% +30.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 79,454 1,848 2,305 2,644 43.8 2.3 Feb 9, 2024 IFRS
Jan - Mar, 2024 82,709 1,845 2,272 979 16.3 2.2 May 15, 2024 IFRS
Apr - Jun, 2024 76,383 2,181 1,608 196 3.3 2.9 Aug 8, 2024 IFRS
Jul - Sep, 2024 76,064 1,264 760 554 9.4 1.7 Nov 11, 2024 IFRS
Oct - Dec, 2024 75,353 2,181 2,441 1,617 27.5 2.9 Feb 7, 2025 IFRS
YoY -5.2% +18.0% +5.9% -38.8% -37.2%

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