NittoBest, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 33%, Oct-Dec Ordinary Profit Decreases by 8%

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Thu Feb 13, 2025 3:30 pm JST Earnings

2877 NittoBest Corporation 【J-GAAP】

Earnings Report

NittoBest Corporation <2877> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 32.9% from the same period last year to 408 million yen. The progress rate toward the full-year plan of 600 million yen was 68.0%, also falling below the five-year average of 90.8%.

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 profit of 192 million yen (compared to a loss of 62 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 417 million yen, a 7.9% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 2.9%.

Kabutan News

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	39,155	354	369	233	19.3	85.0	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	41,251	579	608	364	30.1	111.4	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	42,422	436	408	228	18.9	68.0	Feb 13, 2025	J-GAAP
YoY	+2.8%	-24.7%	-32.9%	-37.4%	-37.3%

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	27,570	389	391	327	27.1	12	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,685	598	609	490	40.5	12	Oct 28, 2024	J-GAAP
YoY	+4.0%	+53.7%	+55.8%	+49.8%	+49.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	51,878	380	434	243	20.1	12	May 12, 2023	J-GAAP
Mar, 2024	54,271	504	546	411	34.0	12	May 9, 2024	J-GAAP
Mar, 2025 Guidance	56,000	600	600	450	37.2	12	Oct 28, 2024	J-GAAP
YoY	+3.2%	+19.0%	+9.9%	+9.5%	+9.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	14,550	464	453	280	23.2	3.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	13,020	-75	-62	47	3.9	-0.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	13,447	5	-5	-8	-0.7	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	13,868	-3	-4	-32	-2.7	0.0	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	15,107	434	417	268	22.2	2.9	Feb 13, 2025	J-GAAP
YoY	+3.8%	-6.5%	-7.9%	-4.3%	-4.2%