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NICHIREI, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 7%

Tue Feb 4, 2025 3:30 pm JST Earnings

2871 NICHIREI CORPORATION 【J-GAAP】

Earnings Report

NICHIREI CORPORATION <2871> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 6.9% from the same period last year, reaching 33 billion yen. The progress rate toward the full-year plan of 41.2 billion yen was 80.3%, almost the same as the five-year average of 81.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 11.2% from the same period last year, reaching 8.12 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 12.4 billion yen, a 2.8% decrease compared to the same period last year. The operating profit margin worsened from 6.8% in the same period last year to 6.4%.

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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 501,107 25,288 25,780 16,826 65.0 77.1 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 514,409 29,786 30,951 20,084 78.6 80.9 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 534,841 31,754 33,080 20,575 80.7 80.3 Feb 4, 2025 J-GAAP
YoY +4.0% +6.6% +6.9% +2.4% +2.6%

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 347,880 19,513 20,095 12,805 50.1 18.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 352,792 20,816 20,559 13,124 52.4 25.50 Nov 5, 2024 J-GAAP
YoY +1.4% +6.7% +2.3% +2.5% +4.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 662,204 32,935 33,448 21,568 83.6 26 May 9, 2023 J-GAAP
Mar, 2024 680,091 36,911 38,255 24,495 95.9 37 May 14, 2024 J-GAAP
Mar, 2025 Guidance 700,000 40,500 41,200 26,000 103.8 46 Nov 5, 2024 J-GAAP
YoY +2.9% +9.7% +7.7% +6.1% +8.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 182,198 12,388 12,791 8,394 32.9 6.8 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 165,682 7,125 7,304 4,411 17.3 4.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 171,157 9,541 10,332 6,444 25.2 5.6 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 176,051 10,143 10,309 6,432 25.2 5.8 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 187,633 12,070 12,439 7,699 30.2 6.4 Feb 4, 2025 J-GAAP
YoY +3.0% -2.6% -2.8% -8.3% -8.2%

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