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NITCHO, First Half Ordinary Profit Decreases by 13%, Exceeds Full-Year Plan

Tue May 13, 2025 4:00 pm JST Earnings

2961 NITCHO CORPORATION 【J-GAAP】

Earnings Report

NITCHO CORPORATION <2961> [TSE Std] announced its financial results after the market closed on May 13th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) decreased 12.8% from the same period last year to 539 million yen. However, the progress rate toward the full-year plan of 490 million yen is 110.0%, already exceeding the target and also exceeding the five-year average of 41.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the April to September period (2H) is expected to turn into a loss of 49 million yen (compared to a profit of 451 million yen in the same period last year).

In the most recent three-month period, from January to March (2Q), the ordinary profit dropped to 510 million yen, a 41.6% decrease compared to the same period last year. The operating profit margin decreased from 12.5% in the same period last year to 9.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 7,517 129 143 73 65.1 25.4 May 12, 2023 J-GAAP
Oct - Mar, 2023 9,370 611 618 400 358.7 57.8 May 14, 2024 J-GAAP
Oct - Mar, 2024 9,190 500 539 367 330.6 110.0 May 13, 2025 J-GAAP
YoY -1.9% -18.2% -12.8% -8.3% -7.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance ー ー ー ー － 0 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 Results 9,190 500 539 367 330.6 0 May 13, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 9,073 447 451 300 269.7 160 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance 7,810 -20 -49 -67 -60.2 100 May 13, 2025 J-GAAP
YoY -13.9% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 17,642 541 563 332 292.6 100 Nov 14, 2023 J-GAAP
Sep, 2024 18,443 1,058 1,069 700 629.3 160 Nov 13, 2024 J-GAAP
Sep, 2025 Guidance 17,000 480 490 300 269.6 100 Nov 13, 2024 J-GAAP
YoY -7.8% -54.6% -54.2% -57.1% -57.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 6,948 869 873 589 528.2 12.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,170 -426 -423 -308 -279.4 -19.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,903 873 874 608 546.6 12.6 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 3,739 -7 29 14 13.1 -0.2 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 5,451 507 510 353 318.0 9.3 May 13, 2025 J-GAAP
YoY -21.5% -41.7% -41.6% -40.1% -39.8%

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