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NICHIRYO BAKING, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 10%

Fri Jan 31, 2025 3:00 pm JST Earnings

2218 NICHIRYO BAKING CO.,LTD. 【J-GAAP】

Earnings Report

NICHIRYO BAKING CO.,LTD. <2218> [SSE] announced its financial results in the afternoon session on January 31st (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 10.2% from the same period last year to 263 million yen. The progress rate toward the full-year plan of 300 million yen was 87.7%, below the five-year average of 112.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the January to March period (4Q) is expected to turn into a profit of 37 million yen (compared to a loss of 4 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 7.1% from the same period last year, reaching 75 million yen. The operating profit margin remained almost flat, changing from 1.3% in the same period last year to 1.4%.

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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
Apr - Dec, 2022 13,111 171 217 136 65.2 93.5 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 13,554 277 293 186 89.1 101.4 Jan 26, 2024 J-GAAP
Apr - Dec, 2024 13,932 250 263 163 77.9 87.7 Jan 31, 2025 J-GAAP
YoY +2.8% -9.7% -10.2% -12.4% -12.5%

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 9,089 59 66 62 29.7 20 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,385 118 112 62 29.6 15 Oct 29, 2024 J-GAAP
YoY +3.3% +100.0% +69.7% 0.0% -0.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,390 187 232 53 25.7 15 Jul 28, 2023 J-GAAP
Mar, 2024 17,986 274 289 207 99.0 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 18,500 300 300 180 86.0 15 May 14, 2024 J-GAAP
YoY +2.9% +9.5% +3.8% -13.0% -13.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,657 62 70 41 19.6 1.3 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 4,432 -3 -4 21 10.0 -0.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,376 38 46 31 15.3 0.9 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 4,739 144 142 87 41.8 3.0 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 4,817 68 75 45 21.5 1.4 Jan 31, 2025 J-GAAP
YoY +3.4% +9.7% +7.1% +9.8% +9.5%

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