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NIFTY Lifestyle Co., Ltd., First Half Ordinary Profit Decreases by 5%

Thu Oct 31, 2024 3:00 pm JST Earnings

4262 NIFTY Lifestyle Co., Ltd. 【J-GAAP】

Earnings Report

NIFTY Lifestyle Co., Ltd. <4262> [TSE-G] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.5% from the same period last year to 337 million yen. The progress rate against the 946 million yen full-year plan was 35.6%, also falling below the four-year average of 42.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 4.3% from the same period last year, reaching 609 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 23.6% from the same period last year, reaching 220 million yen. However, the operating profit margin decreased from 23.7% in the same period last year to 18.3%.

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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 1,330 250 249 165 26.5 43.7 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 1,495 350 353 229 36.1 37.7 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 2,159 336 337 198 31.2 35.6 Oct 31, 2024 J-GAAP
YoY +44.4% -4.0% -4.5% -13.5% -13.5%

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 － 9 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 2,159 336 337 198 31.2 9 Oct 31, 2024 J-GAAP
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 2,064 583 584 402 63.3 8.50 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,605 622 609 400 62.8 9 Oct 31, 2024 J-GAAP
YoY +26.2% +6.7% +4.3% -0.5% -0.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,007 571 570 339 54.2 12 May 9, 2023 J-GAAP
Mar, 2024 3,559 933 937 631 99.3 15 May 7, 2024 J-GAAP
Mar, 2025 Guidance 4,764 958 946 598 93.9 18 Jun 28, 2024 J-GAAP
YoY +33.9% +2.7% +1.0% -5.2% -5.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 746 177 178 113 17.8 23.7 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 879 214 214 141 22.2 24.3 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 1,185 369 370 261 41.1 31.1 May 7, 2024 J-GAAP
Apr - Jun, 2024 963 117 117 46 7.4 12.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 1,196 219 220 152 24.0 18.3 Oct 31, 2024 J-GAAP
YoY +60.3% +23.7% +23.6% +34.5% +34.5%

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