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Nihon Seimitsu, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 57%, Exceeds Full-Year Plan

Mon Feb 10, 2025 4:00 pm JST Earnings

7771 Nihon Seimitsu Co.,Ltd. 【J-GAAP】

Earnings Report

Nihon Seimitsu Co.,Ltd. <7771> [TSE Std] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 220 million yen, an increase 57.1% compared to the same period last year. The progress rate toward the full-year plan of 129 million yen is 170.5%, already exceeding the target and also exceeding the five-year average of 68.8%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 91 million yen (compared to a profit of 308 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 292 million yen (compared to a loss of 174 million yen in the same period last year). However, the operating profit/loss margin drastically worsened from 3.3% in the same period last year to -0.5%.

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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 5,353 187 295 220 10.0 114.8 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 4,983 104 140 104 4.7 31.3 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 5,365 219 220 180 8.2 170.5 Feb 10, 2025 J-GAAP
YoY +7.7% +110.6% +57.1% +73.1% +72.6%

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 3,566 209 134 133 6.1 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,960 -58 201 212 9.6 0 Nov 13, 2024 J-GAAP
YoY -17.0% +50.0% +59.4% +59.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,900 181 257 175 8.0 0 May 15, 2023 J-GAAP
Mar, 2024 6,728 252 448 390 17.7 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 6,646 170 129 113 5.1 0 May 15, 2024 J-GAAP
YoY -1.2% -32.5% -71.2% -71.0% -71.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,821 61 -174 -153 -7.0 3.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,745 148 308 286 13.0 8.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,877 96 267 215 9.8 5.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,809 132 -339 -314 -14.4 7.3 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,679 -9 292 279 12.7 -0.5 Feb 10, 2025 J-GAAP
YoY -7.8%

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