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Ad-Sol Nissin, Oct-Dec (3Q) Ordinary Profit Increases by 12%, Current Fiscal Year Dividend Revised Upward by 10 yen

Thu Feb 6, 2025 3:30 pm JST Earnings

3837 Ad-Sol Nissin Corporation 【J-GAAP】

Earnings Report

Ad-Sol Nissin Corporation <3837> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 18.7% from the same period last year, reaching 1.4 billion yen. The progress rate toward the full-year plan of 1.74 billion yen was 80.3%, almost the same as the five-year average of 78.7%.

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 12.8% from the same period last year, reaching 0.34 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 60 yen (compared to 43 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 12.2% from the same period last year, reaching 0.49 billion yen. The operating profit margin rose from 12.5% in the same period last year to 12.8%.

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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 9,463 933 952 634 34.1 76.5 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 10,359 1,151 1,180 779 41.8 79.5 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 11,533 1,374 1,401 924 50.0 80.3 Feb 6, 2025 J-GAAP
YoY +11.3% +19.4% +18.7% +18.6% +19.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 7,649 821 839 534 30.6 12.50 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 7,649 821 839 534 30.6 17.50 Feb 6, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 15,300 1,700 1,745 1,130 64.7 25 Nov 7, 2024 J-GAAP
Mar, 2025 New 15,300 1,700 1,745 1,130 64.7 30 Feb 6, 2025 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 7,243 728 746 498 26.7 12 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,649 821 839 534 30.6 17.50 Feb 6, 2025 J-GAAP
YoY +5.6% +12.8% +12.5% +7.2% +14.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,842 1,210 1,244 841 45.2 19 May 9, 2023 J-GAAP
Mar, 2024 14,078 1,437 1,485 979 52.6 21.50 May 9, 2024 J-GAAP
Mar, 2025 Guidance 15,300 1,700 1,745 1,130 64.7 30 Feb 6, 2025 J-GAAP
YoY +8.7% +18.3% +17.5% +15.4% +23.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,524 442 441 298 16.0 12.5 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 3,719 286 305 200 10.7 7.7 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,753 456 465 304 16.4 12.2 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 3,898 423 441 292 15.8 10.9 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 3,882 495 495 328 17.7 12.8 Feb 6, 2025 J-GAAP
YoY +10.2% +12.0% +12.2% +10.1% +10.9%

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