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

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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%