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NIPPON CONCEPT, First Half Ordinary Profit Decreases by 41%, Apr-Jun Ordinary Profit Decreases by 36%
9386 NIPPON CONCEPT CORPORATION 【J-GAAP】
Earnings ReportNIPPON CONCEPT CORPORATION <9386> [TSE Prime] announced its financial results after the market closed on August 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) dropped 41.1% from the same period last year to 0.88 billion yen. Progress toward the full-year plan of 2.55 billion yen was 34.7%, also falling below the five-year average of 51.0%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to grow 21.3% from the same period last year, reaching 1.66 billion yen.
In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit dropped to 0.55 billion yen, a 36.5% decrease compared to the same period last year. The operating profit margin decreased from 18.9% in the same period last year to 13.9%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 9,020 | 1,960 | 2,097 | 1,459 | 105.2 | 60.0 | Aug 14, 2023 | J-GAAP |
| Jan - Jun, 2024 | 8,689 | 1,470 | 1,507 | 1,034 | 74.6 | 52.3 | Aug 13, 2024 | J-GAAP |
| Jan - Jun, 2025 | 8,717 | 933 | 888 | 590 | 42.6 | 34.7 | Aug 13, 2025 | J-GAAP |
| YoY | +0.3% | -36.5% | -41.1% | -42.9% | -42.9% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | 8,745 | 941 | 883 | 587 | 42.3 | 40 | Jun 30, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 8,717 | 933 | 888 | 590 | 42.6 | 40 | Aug 13, 2025 | J-GAAP |
| Revision Rate | -0.3% | -0.9% | +0.6% | +0.5% | +0.6% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 9,540 | 1,376 | 1,375 | 897 | 64.7 | 40 | Feb 13, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 8,692 | 1,694 | 1,668 | 1,118 | 80.6 | 0 | Aug 13, 2025 | J-GAAP |
| YoY | -8.9% | +23.1% | +21.3% | +24.6% | +24.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 17,292 | 3,304 | 3,495 | 2,431 | 175.4 | 50 | Feb 13, 2024 | J-GAAP |
| Dec, 2024 | 18,229 | 2,846 | 2,882 | 1,931 | 139.3 | 95 | Feb 13, 2025 | J-GAAP |
| Dec, 2025 Guidance | 17,409 | 2,627 | 2,556 | 1,708 | 123.2 | 40 | Jun 30, 2025 | J-GAAP |
| YoY | -4.5% | -7.7% | -11.3% | -11.5% | -11.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 4,638 | 878 | 875 | 595 | 42.9 | 18.9 | Aug 13, 2024 | J-GAAP |
| Jul - Sep, 2024 | 4,863 | 735 | 633 | 412 | 29.7 | 15.1 | Nov 13, 2024 | J-GAAP |
| Oct - Dec, 2024 | 4,677 | 641 | 742 | 485 | 35.0 | 13.7 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 4,512 | 347 | 332 | 238 | 17.2 | 7.7 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 4,205 | 586 | 556 | 352 | 25.4 | 13.9 | Aug 13, 2025 | J-GAAP |
| YoY | -9.3% | -33.3% | -36.5% | -40.8% | -40.8% |
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