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Nisshin OilliO, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 13%

Wed Feb 12, 2025 12:00 pm JST Earnings

2602 The Nisshin OilliO Group, Ltd. 【J-GAAP】

Earnings Report

The Nisshin OilliO Group, Ltd. <2602> [TSE Prime] announced its financial results at noon (12:00) on February 12th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 12.9% from the same period last year to 16.2 billion yen. The progress rate toward the full-year plan of 20 billion yen was 81.5%, below the five-year average of 92.1%.

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 surge 2.8 times that of the same period last year, reaching 3.7 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 7.38 billion yen, a 2.6% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 4.6%.

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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 425,092 14,701 14,755 10,972 338.6 90.8 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 390,542 19,457 18,711 13,834 426.8 93.4 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 404,246 16,946 16,298 12,176 375.6 81.5 Feb 12, 2025 J-GAAP
YoY +3.5% -12.9% -12.9% -12.0% -12.0%

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 258,702 9,295 8,901 7,172 221.3 110 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 273,830 10,656 11,087 6,980 215.3 90 Nov 8, 2024 J-GAAP
YoY +5.8% +14.6% +24.6% -2.7% -2.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 556,565 16,186 16,242 11,157 344.3 120 May 12, 2023 J-GAAP
Mar, 2024 513,541 20,840 20,033 15,148 467.4 170 May 10, 2024 J-GAAP
Mar, 2025 Guidance 535,000 21,000 20,000 14,500 447.3 180 May 10, 2024 J-GAAP
YoY +4.2% +0.8% -0.2% -4.3% -4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 135,703 7,912 7,579 5,858 180.7 5.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 122,999 1,383 1,322 1,314 40.5 1.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 128,488 5,738 5,137 5,125 158.1 4.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 132,682 4,606 3,776 2,395 73.9 3.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 143,076 6,602 7,385 4,656 143.6 4.6 Feb 12, 2025 J-GAAP
YoY +5.4% -16.6% -2.6% -20.5% -20.5%

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