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NIPPON EXPRESS, 73% Increase in Net Income for The Current Fiscal Year

Fri Feb 14, 2025 3:30 pm JST Earnings

9147 NIPPON EXPRESS HOLDINGS,INC. 【IFRS】

Earnings Report

NIPPON EXPRESS HOLDINGS,INC. <9147> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net income for the fiscal year ending December 2024 decreased 14.4% from the previous period to 31.7 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 73.3% to 55 billion yen.

At the same time, the company intends to pay an annual dividend of 100 yen for the current fiscal year, with the actual dividend unchanged from the previous year's dividend after taking the forward stock split into account.

In the most recent three-month period, from October to December (4Q), the consolidated net income surged 2.0 times that of the same period last year, reaching 13.2 billion yen. The operating profit margin improved from 1.5% in the same period last year to 2.1%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,618,659 155,510 160,168 108,318 400.8 133.33 Feb 14, 2023 IFRS
Dec, 2023 2,239,017 60,098 61,208 37,050 139.5 100 Feb 14, 2024 IFRS
Dec, 2024 2,577,643 49,078 51,885 31,733 121.5 100 Feb 14, 2025 IFRS
YoY +15.1% -18.3% -15.2% -14.4% -12.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 2,570,000 65,000 62,000 40,000 154.0 100 Aug 9, 2024 IFRS
Dec, 2024 Results 2,577,643 49,078 51,885 31,733 121.5 100 Feb 14, 2025 IFRS
Revision Rate +0.3% -24.5% -16.3% -20.7% -21.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 1,249,893 19,224 21,074 11,439 43.6 50 Aug 9, 2024 IFRS
Jan - Jun, 2025 Guidance 1,320,000 33,000 31,000 19,000 75.7 50 Feb 14, 2025 IFRS
YoY +5.6% +71.7% +47.1% +66.1% +73.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,239,017 60,098 61,208 37,050 139.5 100 Feb 14, 2024 IFRS
Dec, 2024 2,577,643 49,078 51,885 31,733 121.5 100 Feb 14, 2025 IFRS
Dec, 2025 Guidance 2,700,000 80,000 75,000 55,000 220.6 100 Feb 14, 2025 IFRS
YoY +4.7% +63.0% +44.6% +73.3% +81.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 563,665 8,656 8,759 6,530 24.6 1.5 Feb 14, 2024 IFRS
Jan - Mar, 2024 617,601 3,417 4,145 776 2.9 0.6 May 13, 2024 IFRS
Apr - Jun, 2024 632,292 15,807 16,929 10,663 40.6 2.5 Aug 9, 2024 IFRS
Jul - Sep, 2024 650,308 15,859 12,638 7,016 26.8 2.4 Nov 12, 2024 IFRS
Oct - Dec, 2024 677,442 13,995 18,173 13,278 50.8 2.1 Feb 14, 2025 IFRS
YoY +20.2% +61.7% +107.5% +103.3% +106.7%

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