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Shin Nippon Air Tech, Last Fiscal Year Ordinary Profit Revised Upward by 20%, Raises Record High Profit Forecast, Dividend Revised Upward by 20 yen

Wed Apr 23, 2025 11:00 am JST Revision

1952 Shin Nippon Air Technologies Co., Ltd. 【J-GAAP】

Guidance Update Report

Shin Nippon Air Technologies Co., Ltd. <1952> [TSE Prime] announced a revision to its performance and dividend in the morning on April 23rd (11:00). The consolidated ordinary profit for the fiscal year ending March 2025 has been revised upward 20.4%, from the previous forecast of 9.8 billion yen to 11.8 billion yen (compared to 9.72 billion yen in the previous period), increasing the growth rate from 0.8% to 21.3%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit is expected to increase 28.8%, from the previous forecast of 6.93 billion yen to 8.93 billion yen (compared to 8.03 billion yen in the same period of the previous year), turning to a 11.2% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the last fiscal year from the original plan of 90 yen to 110 yen (compared to 100 yen before the 2-for-1 forward stock split in the previous period).

Kabutan News

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 78,227 6,810 6,938 6,124 135.1 30 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 82,827 8,710 8,938 7,724 169.3 50 Apr 23, 2025 J-GAAP
Revision Rate +5.9% +27.9% +28.8% +26.1% +25.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 133,000 9,300 9,800 8,000 176.5 60 Nov 11, 2024 J-GAAP
Mar, 2025 New 137,600 11,200 11,800 9,600 210.4 80 Apr 23, 2025 J-GAAP
Revision Rate +3.5% +20.4% +20.4% +20.0% +19.2%

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 81,009 7,820 8,035 6,039 130.8 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 82,827 8,710 8,938 7,724 169.3 50 Apr 23, 2025 J-GAAP
YoY +2.2% +11.4% +11.2% +27.9% +29.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 112,234 7,124 7,914 5,597 119.9 40 May 11, 2023 J-GAAP
Mar, 2024 127,978 9,235 9,725 7,168 155.2 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 137,600 11,200 11,800 9,600 210.4 80 Apr 23, 2025 J-GAAP
YoY +7.5% +21.3% +21.3% +33.9% +35.6%

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