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NIPPON SANSO, The Current Fiscal Year Net Income Revised Upward to an Unexpected 1% Increase, Raises Record High Profit

Wed Feb 5, 2025 3:00 pm JST Earnings

4091 NIPPON SANSO HOLDINGS CORPORATION 【IFRS】

Earnings Report

NIPPON SANSO HOLDINGS CORPORATION <4091> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 5th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 5.6% from the same period last year, reaching 77.4 billion yen.

In addition, the full-year consolidated net income has been revised upward 1.9%, from the previous forecast of 105 billion yen to 107 billion yen (compared to 105 billion yen in the previous period), record profits reach six consecutive terms, turning to a 1.0% increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 3.6%, from the previous forecast of 55.8 billion yen to 57.8 billion yen (compared to 57.3 billion yen in the same period of the previous year), turning to a 0.8% increase in the consolidated net income outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 13.8% from the same period last year, reaching 28.2 billion yen. The operating profit margin rose from 13.5% in the same period last year to 14.1%.

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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 873,042 84,398 74,757 52,400 121.1 70.9 Feb 2, 2023 IFRS
Apr - Dec, 2023 928,656 124,201 108,245 73,394 169.6 71.8 Feb 2, 2024 IFRS
Apr - Dec, 2024 971,263 128,774 112,908 77,479 179.0 72.1 Feb 5, 2025 IFRS
YoY +4.6% +3.7% +4.3% +5.6% +5.6%

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 656,955 94,488 82,219 55,806 128.9 24 Oct 31, 2024 IFRS
Oct - Mar, 2024 New 656,955 95,488 84,719 57,806 133.6 24 Feb 5, 2025 IFRS
Revision Rate 0.0% +1.1% +3.0% +3.6% +3.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 1,300,000 177,000 154,000 105,000 242.6 48 May 13, 2024 IFRS
Mar, 2025 New 1,300,000 178,000 156,500 107,000 247.2 48 Feb 5, 2025 IFRS
Revision Rate 0.0% +0.6% +1.6% +1.9% +1.9%

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 642,510 90,465 79,171 57,354 132.5 24 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 656,955 95,488 84,719 57,806 133.6 24 Feb 5, 2025 IFRS
YoY +2.2% +5.6% +7.0% +0.8% +0.8%

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 1,300,000 178,000 156,500 107,000 247.2 48 Feb 5, 2025 IFRS
YoY +3.6% +3.5% +3.8% +1.0% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 328,218 46,262 41,127 28,285 65.3 14.1 Feb 5, 2025 IFRS
YoY +3.8% +8.5% +12.1% +13.8% +13.8%

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