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NICHIWA SANGYO, Oct-Dec (3Q) Ordinary Profit Turns to Loss

Wed Feb 12, 2025 3:30 pm JST Earnings

2055 NICHIWA SANGYO CO., LTD. 【J-GAAP】

Earnings Report

NICHIWA SANGYO CO., LTD. <2055> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 14.3% from the same period last year, reaching 510 million yen. The progress rate toward the full-year plan of 400 million yen is 127.5%, already exceeding the target and also exceeding the five-year average of 118.9%.

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 110 million yen (compared to a profit of 469 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 loss of 35 million yen (compared to a profit of 279 million yen in the same period last year). The operating profit/loss margin worsened from 2.1% in the same period last year to -0.2%.

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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 40,950 73 160 97 5.4 ー Feb 10, 2023 J-GAAP
Apr - Dec, 2023 39,648 426 446 557 30.8 48.7 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 36,875 469 510 342 18.9 127.5 Feb 12, 2025 J-GAAP
YoY -7.0% +10.1% +14.3% -38.6% -38.7%

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 26,999 762 748 147 8.1 8 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,484 -94 -145 -99 -5.5 6 Nov 12, 2024 J-GAAP
YoY -5.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 54,659 -200 -99 157 8.7 6 May 12, 2023 J-GAAP
Mar, 2024 52,887 905 915 541 29.9 8 May 13, 2024 J-GAAP
Mar, 2025 Guidance 50,000 400 400 300 16.6 6 May 13, 2024 J-GAAP
YoY -5.5% -55.8% -56.3% -44.5% -44.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 13,760 283 279 163 9.0 2.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 13,239 479 469 -16 -0.9 3.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 12,387 180 207 157 8.7 1.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 12,129 314 338 242 13.4 2.6 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 12,359 -25 -35 -57 -3.2 -0.2 Feb 12, 2025 J-GAAP
YoY -10.2% － － － －

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