NIHON SEIMA, Oct-Dec (3Q) Ordinary Profit Decreases by 35%

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Wed Feb 12, 2025 4:00 pm JST Earnings

3306 THE NIHON SEIMA CO.,LTD 【J-GAAP】

Earnings Report

THE NIHON SEIMA CO.,LTD <3306> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 260 million yen, a 2.3% decrease compared to the same period last year. The progress rate toward the full-year plan of 310 million yen was 83.9%, below the five-year average of 101.4%.

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 9.1% from the same period last year to 50 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 81 million yen, a 34.7% decrease compared to the same period last year. The operating profit margin decreased from 10.2% in the same period last year to 7.6%.

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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	2,803	153	167	93	25.6	93.8	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	3,225	249	266	104	28.5	82.9	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	3,407	245	260	114	31.3	83.9	Feb 12, 2025	J-GAAP
YoY	+5.6%	-1.6%	-2.3%	+9.6%	+9.9%

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	2,245	172	179	73	20.1	4	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,171	149	131	91	20.7	4	Nov 12, 2024	J-GAAP
YoY	-3.3%	-13.4%	-26.8%	+24.7%	+3.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,733	164	178	95	26.0	3	May 12, 2023	J-GAAP
Mar, 2024	4,334	305	321	127	34.9	4	May 13, 2024	J-GAAP
Mar, 2025 Guidance	4,493	311	310	167	37.9	4	Nov 12, 2024	J-GAAP
YoY	+3.7%	+2.0%	-3.4%	+31.5%	+8.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,136	116	124	50	13.7	10.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,109	56	55	23	6.3	5.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,131	81	92	42	11.5	7.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,191	81	87	34	9.3	6.8	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	1,085	83	81	38	10.4	7.6	Feb 12, 2025	J-GAAP
YoY	-4.5%	-28.4%	-34.7%	-24.0%	-23.8%