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NIPPON SANSO HOLDINGS CORPORATION, July-September (2Q) Net Income Decreases by 16%

Thu Oct 31, 2024 3:00 pm JST Earnings

4091 NIPPON SANSO HOLDINGS CORPORATION 【IFRS】

Earnings Report

NIPPON SANSO HOLDINGS CORPORATION <4091> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 31st (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 49.1 billion yen, a 1.3% increase compared to the same period last year. However, The progress rate against the 105 billion yen full-year plan was 46.9%, almost the same as the five-year average of 47.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 2.7% from the same period last year to 55.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 20.1 billion yen, a 16.2% decrease compared to the same period last year. The operating profit margin decreased from 13.5% in the same period last year to 11.0%.

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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 573,699 53,872 49,641 35,149 81.2 47.1 Nov 1, 2022 IFRS
Apr - Sep, 2023 612,571 81,576 71,549 48,547 112.2 47.5 Oct 31, 2023 IFRS
Apr - Sep, 2024 643,045 82,512 71,781 49,194 113.7 46.6 Oct 31, 2024 IFRS
YoY +5.0% +1.1% +0.3% +1.3% +1.3%

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 ー ー ー ー － 24 May 13, 2024 IFRS
Apr - Sep, 2024 Results 643,045 82,512 71,781 49,194 113.7 24 Oct 31, 2024 IFRS
Revision Rate － － － － －

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 642,510 90,465 79,171 57,354 132.5 24 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 656,955 94,488 82,219 55,806 128.9 24 Oct 31, 2024 IFRS
YoY +2.2% +4.4% +3.8% -2.7% -2.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,186,683 119,524 105,503 73,080 168.9 38 May 11, 2023 IFRS
Mar, 2024 1,255,081 172,041 150,720 105,901 244.7 44 May 13, 2024 IFRS
Mar, 2025 Guidance 1,300,000 177,000 154,000 105,000 242.6 48 May 13, 2024 IFRS
YoY +3.6% +2.9% +2.2% -0.9% -0.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 303,668 40,861 35,323 23,989 55.4 13.5 Oct 31, 2023 IFRS
Oct - Dec, 2023 316,085 42,625 36,696 24,847 57.4 13.5 Feb 2, 2024 IFRS
Jan - Mar, 2024 326,425 47,840 42,475 32,507 75.1 14.7 May 13, 2024 IFRS
Apr - Jun, 2024 329,274 47,979 42,903 29,085 67.2 14.6 Jul 30, 2024 IFRS
Jul - Sep, 2024 313,771 34,533 28,878 20,109 46.5 11.0 Oct 31, 2024 IFRS
YoY +3.3% -15.5% -18.2% -16.2% -16.2%

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