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Nissou, First Half Ordinary Profit Decreases by 94%

Mon Mar 17, 2025 3:30 pm JST Earnings

1444 Nissou Co.,Ltd. 【J-GAAP】

Earnings Report

Nissou Co.,Ltd. <1444> [TSE Growth] announced its financial results after the market closed on March 17th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) significantly dropped 93.5% from the same period last year to 6 million yen, fell short of the previous forecast of 13 million yen.

The progress rate toward the full-year plan of 101 million yen was 5.9%, also falling below the five-year average of 69.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the February to July period (2H) is expected to turn into a profit of 95 million yen (compared to a loss of 30 million yen in the same period last year).

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit/loss turned to a loss of 1 million yen (compared to a profit of 28 million yen in the same period last year). The operating profit margin worsened from 1.4% in the same period last year to 0.1%.

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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
Aug - Jan, 2022 1,947 94 95 55 51.2 66.9 Mar 16, 2023 J-GAAP
Aug - Jan, 2023 2,490 70 93 65 59.9 147.6 Mar 14, 2024 J-GAAP
Aug - Jan, 2024 2,520 4 6 156 143.8 5.9 Mar 17, 2025 J-GAAP
YoY +1.2% -94.3% -93.5% +140.0% +140.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Guidance 2,613 19 13 182 167.4 0 Dec 20, 2024 J-GAAP
Aug - Jan, 2024 Results 2,520 4 6 156 143.8 0 Mar 17, 2025 J-GAAP
Revision Rate -3.6% -78.9% -53.8% -14.3% -14.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 2,188 -14 -30 -40 -37.0 0 Sep 13, 2024 J-GAAP
Feb - Jul, 2025 Guidance 3,202 107 95 75 69.0 0 Mar 17, 2025 J-GAAP
YoY +46.3% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 4,166 148 142 69 63.9 0 Sep 14, 2023 J-GAAP
Jul, 2024 4,678 56 63 25 23.1 0 Sep 13, 2024 J-GAAP
Jul, 2025 Guidance 5,722 111 101 231 212.5 0 Dec 20, 2024 J-GAAP
YoY +22.3% +98.2% +60.3% +824.0% +819.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 1,174 17 28 20 18.4 1.4 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 1,118 18 10 1 0.9 1.6 Jun 13, 2024 J-GAAP
May - Jul, 2024 1,070 -32 -40 -41 -37.9 -3.0 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 1,165 3 7 -12 -11.4 0.3 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 1,355 1 -1 168 154.9 0.1 Mar 17, 2025 J-GAAP
YoY +15.4% -94.1% － +740.0% +740.2%

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