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NittoBest, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 33%, Oct-Dec Ordinary Profit Decreases by 8%

Thu Feb 13, 2025 3:30 pm JST Earnings

2877 NittoBest Corporation 【J-GAAP】

Earnings Report

NittoBest Corporation <2877> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 32.9% from the same period last year to 408 million yen. The progress rate toward the full-year plan of 600 million yen was 68.0%, also falling below the five-year average of 90.8%.

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/loss for the January to March period (4Q) is expected to turn into a profit of 192 million yen (compared to a loss of 62 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 417 million yen, a 7.9% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 2.9%.

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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 39,155 354 369 233 19.3 85.0 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 41,251 579 608 364 30.1 111.4 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 42,422 436 408 228 18.9 68.0 Feb 13, 2025 J-GAAP
YoY +2.8% -24.7% -32.9% -37.4% -37.3%

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
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
Oct - Dec, 2024 15,107 434 417 268 22.2 2.9 Feb 13, 2025 J-GAAP
YoY +3.8% -6.5% -7.9% -4.3% -4.2%

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