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NISSIN SHOJI, The Current Fiscal Year Ordinary Profit Revised Upward by 9%

Mon Feb 10, 2025 2:00 pm JST Earnings

7490 NISSIN SHOJI CO., LTD. 【J-GAAP】

Earnings Report

NISSIN SHOJI CO., LTD. <7490> [TSE Std] announced its financial results in the afternoon session on February 10th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 29.7% from the same period last year to 557 million yen.

However, the full-year consolidated ordinary profit has been revised upward 9.1%, from the previous forecast of 550 million yen to 600 million yen (compared to 752 million yen in the previous period), and the declining rate is expected to decrease from 26.9% to 20.2%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 16.4%, from the previous forecast of 304 million yen to 354 million yen (compared to 273 million yen in the same period of the previous year), increasing the growth rate from 11.4% to 29.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 311 million yen, a 0.6% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 1.5%.

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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 29,386 614 874 472 70.7 91.8 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 29,885 570 792 479 71.8 105.3 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 29,216 370 557 262 39.3 92.8 Feb 10, 2025 J-GAAP
YoY -2.2% -35.1% -29.7% -45.3% -45.2%

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 21,631 128 304 211 31.6 11 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 19,831 228 354 261 39.1 11 Feb 10, 2025 J-GAAP
Revision Rate -8.3% +78.1% +16.4% +23.7% +23.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 41,000 350 550 250 37.5 20 May 10, 2024 J-GAAP
Mar, 2025 New 39,200 450 600 300 44.9 20 Feb 10, 2025 J-GAAP
Revision Rate -4.4% +28.6% +9.1% +20.0% +20.0%

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 19,107 210 273 -12 -1.8 12 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,831 228 354 261 39.1 11 Feb 10, 2025 J-GAAP
YoY +3.8% +8.6% +29.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,897 640 952 286 43.0 21 May 11, 2023 J-GAAP
Mar, 2024 38,732 506 752 297 44.5 21 May 10, 2024 J-GAAP
Mar, 2025 Guidance 39,200 450 600 300 44.9 20 Feb 10, 2025 J-GAAP
YoY +1.2% -11.1% -20.2% +1.0% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,260 274 313 170 25.5 2.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8,847 -64 -40 -182 -27.3 -0.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,309 103 223 105 15.8 1.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,060 119 23 -66 -9.9 1.2 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 9,847 148 311 223 33.4 1.5 Feb 10, 2025 J-GAAP
YoY -4.0% -46.0% -0.6% +31.2% +31.3%

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