NISSIN FOODS, Apr-Dec (Cumulative 3Q) Net Income Decreases by 11%, Oct-Dec Net Income Decreases by 15%

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Wed Feb 5, 2025 1:15 pm JST Earnings

2897 NISSIN FOODS HOLDINGS CO.,LTD. 【IFRS】

Earnings Report

NISSIN FOODS HOLDINGS CO.,LTD. <2897> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 5th (13:15). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 11.2% from the same period last year to 43.5 billion yen. The progress rate toward the full-year plan of 56 billion yen was 77.8%, below the five-year average of 86.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to surge 2.4 times that of the same period last year, reaching 12.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 14.5 billion yen, a 14.8% decrease compared to the same period last year. The operating profit margin decreased from 11.9% in the same period last year to 9.2%.

Kabutan News

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	501,467	48,707	50,583	34,923	114.6	87.3	Feb 6, 2023	IFRS
Apr - Dec, 2023	548,922	68,559	70,902	49,051	161.3	92.2	Feb 13, 2024	IFRS
Apr - Dec, 2024	582,277	60,500	62,056	43,577	145.3	ー	Feb 5, 2025	IFRS
YoY	+6.1%	-11.8%	-12.5%	-11.2%	-9.9%

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	382,563	28,458	30,439	22,160	72.9	40	May 13, 2024	IFRS
Oct - Mar, 2024 Guidance	406,910	36,330	ー	26,950	91.7	35	Nov 11, 2024	IFRS
YoY	+6.4%	+27.7%	－	+21.6%	+25.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	669,248	55,636	57,950	44,760	146.9	46.67	May 10, 2023	IFRS
Mar, 2024	732,933	73,361	76,915	54,170	178.2	66.67	May 13, 2024	IFRS
Mar, 2025 Guidance	785,000	78,000	ー	56,000	190.6	70	May 13, 2024	IFRS
YoY	+7.1%	+6.3%	－	+3.4%	+7.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	198,552	23,656	24,426	17,041	56.0	11.9	Feb 13, 2024	IFRS
Jan - Mar, 2024	184,011	4,802	6,013	5,119	16.8	2.6	May 13, 2024	IFRS
Apr - Jun, 2024	185,036	21,856	22,924	15,873	52.5	11.8	Aug 6, 2024	IFRS
Jul - Sep, 2024	193,054	19,814	19,241	13,177	43.8	10.3	Nov 11, 2024	IFRS
Oct - Dec, 2024	204,187	18,830	19,891	14,527	48.5	9.2	Feb 5, 2025	IFRS
YoY	+2.8%	-20.4%	-18.6%	-14.8%	-13.5%