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NIPPON SHINDO, The Current Fiscal Year Ordinary Profit Revised Upward by 31%

Fri Feb 14, 2025 3:30 pm JST Earnings

5753 NIPPON SHINDO CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON SHINDO CO.,LTD. <5753> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.09 billion yen, an increase 36.0% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 31.5%, from the previous forecast of 1.08 billion yen to 1.42 billion yen (compared to 0.8 billion yen in the previous period), increasing the growth rate from 34.8% to 77.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) is expected to increase 2.2 times, from the previous forecast of 0.28 billion yen to 0.62 billion yen (compared to 0.39 billion yen in the same period of the previous year), turning to a 57.8% increase in the ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the ordinary profit decreased to 0.3 billion yen, a 24.6% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 5.2%.

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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 21,071 1,255 1,425 976 447.2 94.7 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 17,458 921 806 555 259.7 100.6 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 19,474 1,410 1,096 752 352.0 77.2 Feb 14, 2025 J-GAAP
YoY +11.5% +53.1% +36.0% +35.5% +35.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 13,166 436 288 197 92.2 10 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 13,166 636 628 437 204.5 10 Feb 14, 2025 J-GAAP
Revision Rate 0.0% +45.9% +118.1% +121.8% +121.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 26,000 1,500 1,080 740 346.3 15 Nov 13, 2024 J-GAAP
Mar, 2025 New 26,000 1,700 1,420 980 458.6 15 Feb 14, 2025 J-GAAP
Revision Rate 0.0% +13.3% +31.5% +32.4% +32.4%

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 11,525 609 398 278 130.2 5 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,166 636 628 437 204.5 10 Feb 14, 2025 J-GAAP
YoY +14.2% +4.4% +57.8% +57.2% +57.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 27,242 1,591 1,505 1,031 473.9 10 May 12, 2023 J-GAAP
Mar, 2024 23,338 1,200 801 555 259.9 10 May 13, 2024 J-GAAP
Mar, 2025 Guidance 26,000 1,700 1,420 980 458.6 15 Feb 14, 2025 J-GAAP
YoY +11.4% +41.7% +77.3% +76.6% +76.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,645 330 403 278 130.1 5.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 5,880 279 -5 0 0.2 4.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 6,350 612 9 5 2.7 9.6 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 6,484 452 783 538 251.8 7.0 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 6,640 346 304 209 97.8 5.2 Feb 14, 2025 J-GAAP
YoY +17.6% +4.8% -24.6% -24.8% -24.8%

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