Nihon Enterprise, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 69% Decrease

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Fri Apr 11, 2025 4:00 pm JST Earnings

4829 Nihon Enterprise Co.,Ltd. 【J-GAAP】

Earnings Report

Nihon Enterprise Co.,Ltd. <4829> [TSE Std] announced its financial results after the market closed on April 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) significantly dropped 75.2% from the same period last year to 52 million yen.

In addition, the full-year consolidated ordinary profit has decreased 71.7%, from the previous forecast of 300 million yen to 85 million yen (compared to 278 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 69.4% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the December to May period (2H) has decreased 78.8%, from the previous forecast of 273 million yen to 58 million yen (compared to 147 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 60.5% decrease in profit.

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit significantly dropped to 25 million yen, a 68.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.3% in the same period last year to 2.1%.

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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
Jun - Feb, 2022	3,129	122	131	60	1.6	68.9	Apr 7, 2023	J-GAAP
Jun - Feb, 2023	3,445	196	210	160	4.2	75.5	Apr 5, 2024	J-GAAP
Jun - Feb, 2024	3,263	35	52	0	0.0	61.2	Apr 11, 2025	J-GAAP
YoY	-5.3%	-82.1%	-75.2%	－	-99.8%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2024 Prev	3,156	283	273	193	5.0	3	Jan 10, 2025	J-GAAP
Dec - May, 2024 New	2,356	53	58	23	0.6	3	Apr 11, 2025	J-GAAP
Revision Rate	-25.3%	-81.3%	-78.8%	-88.1%	-88.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	5,310	295	300	185	4.8	3	Jul 12, 2024	J-GAAP
May, 2025 New	4,510	65	85	15	0.4	3	Apr 11, 2025	J-GAAP
Revision Rate	-15.1%	-78.0%	-71.7%	-91.9%	-91.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	2,494	146	147	115	3.0	3	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	2,356	53	58	23	0.6	3	Apr 11, 2025	J-GAAP
YoY	-5.5%	-63.7%	-60.5%	-80.0%	-79.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	4,210	180	190	103	2.7	2	Jul 14, 2023	J-GAAP
May, 2024	4,696	264	278	209	5.4	3	Jul 12, 2024	J-GAAP
May, 2025 Guidance	4,510	65	85	15	0.4	3	Apr 11, 2025	J-GAAP
YoY	-4.0%	-75.4%	-69.4%	-92.8%	-92.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	1,243	78	79	66	1.7	6.3	Apr 5, 2024	J-GAAP
Mar - May, 2024	1,251	68	68	49	1.3	5.4	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	1,069	1	8	-10	-0.3	0.1	Oct 4, 2024	J-GAAP
Sep - Nov, 2024	1,085	11	19	2	0.1	1.0	Jan 10, 2025	J-GAAP
Dec - Feb, 2024	1,109	23	25	8	0.2	2.1	Apr 11, 2025	J-GAAP
YoY	-10.8%	-70.5%	-68.4%	-87.9%	-87.2%