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NittoBest Corporation, First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Tue Nov 12, 2024 3:30 pm JST Earnings

2877 NittoBest Corporation 【J-GAAP】

Earnings Report

NittoBest Corporation <2877> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 9 million yen (compared to a profit of 155 million yen in the same period last year).

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 October to March period (second half) is expected to expand by 55.8% from the same period last year, reaching 609 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 4 million yen (compared to a profit of 20 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -0.1% in the same period last year to -0.0%.

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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
Apr - Sep, 2022 24,941 -304 -287 -239 -19.8 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 26,701 115 155 84 7.0 28.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 27,315 2 -9 -40 -3.3 ー Nov 12, 2024 J-GAAP
YoY +2.3% -98.3% － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 27,315 2 -9 -40 -3.3 0 Oct 28, 2024 J-GAAP
Apr - Sep, 2024 Results 27,315 2 -9 -40 -3.3 0 Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 27,570 389 391 327 27.1 12 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,685 598 609 490 40.5 12 Oct 28, 2024 J-GAAP
YoY +4.0% +53.7% +55.8% +49.8% +49.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 51,878 380 434 243 20.1 12 May 12, 2023 J-GAAP
Mar, 2024 54,271 504 546 411 34.0 12 May 9, 2024 J-GAAP
Mar, 2025 Guidance 56,000 600 600 450 37.2 12 Oct 28, 2024 J-GAAP
YoY +3.2% +19.0% +9.9% +9.5% +9.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,438 -14 20 -7 -0.6 -0.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 14,550 464 453 280 23.2 3.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 13,020 -75 -62 47 3.9 -0.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 13,447 5 -5 -8 -0.7 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 13,868 -3 -4 -32 -2.7 0.0 Nov 12, 2024 J-GAAP
YoY +3.2% +78.6% － -357.1% -356.9%

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