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Shin Nippon Air Tech, Oct-Dec (3Q) Ordinary Profit Decreases by 23%

Wed Feb 12, 2025 1:00 pm JST Earnings

1952 Shin Nippon Air Technologies Co., Ltd. 【J-GAAP】

Earnings Report

Shin Nippon Air Technologies Co., Ltd. <1952> [TSE Prime] announced its financial results in the afternoon session on February 12th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 5.4% from the same period last year, reaching 5.81 billion yen. The progress rate toward the full-year plan of 9.8 billion yen was 59.3%, exceeding the five-year average of 54.8%.

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 for the January to March period (4Q) is expected to decrease 5.3% from the same period last year to 3.98 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.95 billion yen, a 22.8% decrease compared to the same period last year. The operating profit margin worsened from 9.5% in the same period last year to 8.2%.

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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 72,386 3,834 4,562 3,078 65.9 57.6 Mar 7, 2023 J-GAAP
Apr - Dec, 2023 85,626 5,069 5,516 4,073 87.9 56.7 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 88,568 5,262 5,815 3,879 84.8 59.3 Feb 12, 2025 J-GAAP
YoY +3.4% +3.8% +5.4% -4.8% -3.5%

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 81,009 7,820 8,035 6,039 130.8 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 78,227 6,810 6,938 6,124 135.1 30 Nov 11, 2024 J-GAAP
YoY -3.4% -12.9% -13.7% +1.4% +3.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 112,234 7,124 7,914 5,597 119.9 40 May 11, 2023 J-GAAP
Mar, 2024 127,978 9,235 9,725 7,168 155.2 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 133,000 9,300 9,800 8,000 176.5 60 Nov 11, 2024 J-GAAP
YoY +3.9% +0.7% +0.8% +11.6% +13.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 38,657 3,654 3,826 2,944 63.5 9.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 42,352 4,166 4,209 3,095 67.0 9.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 24,905 760 1,078 699 15.3 3.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 29,868 1,730 1,784 1,177 25.8 5.8 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 33,795 2,772 2,953 2,003 43.8 8.2 Feb 12, 2025 J-GAAP
YoY -12.6% -24.1% -22.8% -32.0% -31.0%

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